September 18, 2023
🌟We want to congratulate Carrie Jarmer for successfully obtaining her Certification for Long-Term Care (CLTC) designation!🌟 The CLTC designation is primarily focused on the tools of providing care over a prolonged period of time. A professional with a CLTC designation has acquired the critical tools necessary to discuss the subject of longevity and its acute consequences on a client’s family – financially, physically and emotionally – years down the road. The best way to protect families from the potential devastation of long-term care is not to sell a product, but rather, offer advice that leads to a plan to mitigate those consequences. Carrie always strives to further her education within the field allowing her to expand her knowledge to provide better advice and service to clients! 💼🤝🏻
September 13, 2023
#WealthyWednesday When we think of Health Savings Accounts (HSAs), we often associate them with medical expenses. But did you know they can also be a powerful tool for retirement planning? 💼 Here are some benefits of HSAs: 💲Contributions are tax-deductible and growth is tax-free. 💲Withdrawals for qualified medical expenses are tax free. 💲Age 65+ you can use HSA funds for any nonqualified expense penalty-free. 💲HSAs can be invested to help combat against inflation. If you're aiming for a secure and flexible retirement, don't overlook all the benefits that HSAs offer! #RetirementPlanning #HSA #FinancialWellness #SmartSavings #RetirementBenefits #InvestInYourFuture The concepts illustrated here have legal, accounting and tax implications. Neither Janney Montgomery Scott LLC nor its Financial Advisors give tax, legal, or accounting advice. Please consult with the appropriate professional for advice concerning your particular circumstances. For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.
September 11, 2023
🚀 Jumpstart Your Retirement Planning in 5 Essential Steps 🚀 1. Define Your Retirement Goals: What do you envision? Travel, hobbies, residence, supporting children & grandchildren? 2. Assess Your Current Financial Situation: Assets, savings, debt, expenses, etc. 3. Create a Budget and Savings Plan: Develop budget based on retirement goals then consider how much savings & investments needed to achieve those goals. 4. Explore Retirement Accounts: 401ks, IRAs, Roth, and HSAs are tax-advantage accounts to aid retirement income. 5. Consult a Financial Advisor: An advisor can create a comprehensive financial plan tailored to your retirement goals and situation. Give us a call to discuss further and plan for your future! 💼🌟 #RetirementPlanning #FinancialWellness #RetirementGoals #FinancialAdvisor
September 06, 2023
#WealthyWednesday For small business owners, planning for the future is crucial and that includes estate and succession planning. 💼🌟 Here are 5 key factors to consider: 💲Keep Estate Documents Updated: Ensures to plan for estate tax liabilities and impact on the successor(s). 💲Do Not Rely Only on a Will: May result in undesirable consequences such as going through probate, available publicly, and provides limited control. 💲Accurately Valuing Assets: This can avoid potential tax implications. 💲Naming a Durable Power of Attorney (POA) or Creating a Living Trust: Allows for business affairs to be managed should you become incapacitated. #BusinessOwner #SmallBusiness #EstatePlanning #SuccessionPlanning #FinancialPlanning
September 05, 2023
Evaluating Your College Savings Withdrawal Strategy
If you have a high school senior who will be attending college next year, you’ll need to start withdrawing from your college savings account(s).
September 01, 2023
We hope your summer was filled with wonderful memories and the coming months bring you happiness and success!
August 23, 2023
Inflation can erode our purchasing power, but as savvy retirees we have powerful tools to combat its impact! 💪🏦 📊 Diversify Your Portfolio: A well-diversified investment portfolio is your armor against inflation. Consider allocating a portion to assets that historically perform well during inflationary periods, such as real estate, inflation-protected bonds, and commodities. 📈 Analyze Your Personal Inflation Rate: Analyzing year-over-year budget will help you understand your personal inflation rate leading to a more precise retirement outlook and potential spending adjustments. 💰 Master Cash Management: Avoid low-yield accounts that won't beat inflation. Identify short-term cash needs and invest surplus in long-term options to hedge against inflation. #RetirementPlanning #FinancialPlanning #RetirementGoals
August 21, 2023
Tax Deferral Strategies for Employer Stock in a Qualified Retirement Plan
Have a 401K that lets you invest in your employer's stock?💲📜 Check out the below article for tax-deferral opportunities! #PersonalFinance #RetirementPlanning
August 16, 2023
#WealthyWednesday 💔 Losing your partner can be an overwhelming and devastating experience. On top of dealing with the sorrow and grief, there are numerous financial matters that require attention. 📝 Here are top 5 items to address after loss to aid in finding a path forward: 🕊️ Contact your financial advisor, attorney, and accountant regarding next steps. 🕊️ Re-title your accounts & transfer applicable funds into your name. 🕊️ Update your Will and Power of Attorney. 🕊️ Contact your spouse's employer to confirm any insurance policy and/or inherited benefits. 🕊️ Update/Create a Financial Plan for your new situation. #FinancialPlanning #PersonalFinance #FinancialChecklist
August 14, 2023
What to Do Before the TCJA Provisions Sunset
Tax Cuts and Jobs Act of 2017 is scheduled to sunset at the end of 2025. 🌇💼 Check out this article to understand the implications and explore strategies to minimize potential tax risks.
August 09, 2023
Window of Opportunity: Leveraging the Estate and Gift Tax Exemption
The estate and gift tax exemption limit is currently at a historical high! 📈 However, it's expected to decrease significantly in 2026. ⏳ Check out this article to learn to leverage this favorable situation through tax-efficient wealth transfer strategies. 💼💰 #EstatePlanning #TaxEfficiency #WealthTransfer #FinancialPlanning
August 07, 2023
Approaching Retirement: What You Should Be Doing Now
You worked hard to saving for retirement! 🥳 To ensure a smooth transition, check out this article on important factors to consider before entering the next chapter! ✍🏻 #Retirement #RetirementPlanning
August 02, 2023
Window of Opportunity: Leveraging the Estate and Gift Tax Exemption
In anticipation of a significant decrease of the estate and gift tax exemption limit, here are strategies to help leverage this opportunity through tax-efficient wealth transfer.
August 02, 2023
#WealthyWednesday Designating a Power of Attorney (POA) ✍🏻 is a great resource to allow a trusted individual carry-out financial responsibilities on your behalf from transferring funds to purchasing/selling real estate. A Durable POA is important for those with dependent(s) and/or risk incapacitation to ensure your family's needs are provided for and financial affairs maintained until you are able to do so. 🤝🏻💲 #PersonalFinance #EstatePlanning #POA
August 01, 2023
🔒 Have you considered Asset Location in your financial plan? 🏦💼 When planning for retirement, it's not just about choosing the right investments; it's also crucial to consider "where" you hold them. Asset location can make a significant difference in your overall financial well-being during retirement. ✅ Tax Efficiency: Properly allocating assets across taxable, tax-deferred, and tax-free accounts can minimize tax liabilities, preserving more of your hard-earned money. ✅ Boost Portfolio Growth: Optimizing asset location can potentially enhance investment growth and compounding, therefore leading to greater wealth accumulation over time. ✅ Risk Management: By strategically placing assets in different accounts, you can diversify risk exposure and safeguard against market fluctuations. ✅ Flexible Withdrawals: Tailoring asset location allows for more flexibility in retirement withdrawals, therefore optimizing income streams to meet your specific needs. ✅ Legacy Planning: Thoughtful asset location ensures a smoother transfer of wealth to heirs which minimizes tax burdens and maximizes the legacy you leave behind. Feel free to reach out if you would like help creating a personalized asset location strategy to propel you toward a more confident and rewarding retirement! 🚀💰 #AssetLocation #RetirementPlanning #FinancialPlanning
July 19, 2023
#WealthyWednesday Taking Qualified Charitable Distributions (QCD) is a terrific way to reduce the impact of the income tax generated from your Required Minimum Distribution (RMD) from your retirement account while also supporting a qualified non-profit organization and/or charity that you are passionate about. Give us a call if you or a family member could benefit from taking QCD’s and would like to discuss further! #PersonaFinance #FinancialPlanning #IRA