Asset Strategy

We want to wish you and your loved ones a safe and Happy Fourth! 🇺🇸 The Asset Strategy office will be closed on Thursday, July 4th & Friday, July 5th. We will resume normal business hours on Monday, July 8th.   -The Asset Strategy Team

Here are some items to remember to check off from your list: 1.) Review Your Budget Evaluate your current budget, adjust for any changes in income or expenses, and ensure spending aligns with financial priorities. Start by reviewing and categorizing your expenses to identify spending patterns and adjust allocations accordingly. 2.) Check Your Retirement Contributions Assess your current retirement savings and increase contributions if possible to maximize tax-advantaged savings. If you’re over age 50, consider making catch-up contributions to retirement accounts. 3.) Ensure Adequate Emergency Funds Ensure your emergency fund is adequately funded to cover 3-6 months of living expenses. Replenish it if needed and consider increasing contributions for added security. Regularly reassess to maintain an adequate cushion, safeguarding against unexpected financial setbacks and providing peace of mind. 4.) Plan For Taxes Ensure the correct amount of taxes is being withheld from your paychecks to avoid a large tax bill or refund next year. Identify potential deductions and credits to maximize your tax savings by the end of the year. 5.) Reassess Your Debt Focus on progress and opportunities to increase payments. Explore consolidating or refinancing high-interest debt to lower costs. Adjust strategies to accelerate payoff, reducing overall debt burden and improving financial stability. Don’t forget to talk with Asset Strategy first who can help you look over your finances and make informed decisions based on your unique situation. Book a FREE Discovery Call with one of our advisors today! https://lnkd.in/ekWxCWkf

Weekly Market Minute 🌐 🕐 (July 1, 2024) 'First Half Success: Key Factors Upcoming Data Points' 🔎 In two minutes or less, we discuss what's affecting last week's market performance. Hosted by certified investment management analyst and Asset Strategy Director of Research Rosario "Sal" Salamone, CIMA®. YouTube link to this video: ⏩ https://lnkd.in/ewQxXGHF Asset Strategy #MarketTrends #EconomicData #TechStocks

When should you consider a Roth IRA conversion? 🤔 Many people assume that because they will no longer be working, their income bracket will be lower when they retire. This can be true, but it isn’t always the case. Because a traditional IRA withdrawal will be taxed at your current income rate, it’s very important to have a good sense of what tax bracket you might be in during the years you withdraw from a traditional retirement account. If your tax bracket during your late retirement years will be close to the same as your working years (or even higher in some cases), then a Roth conversion might be something you should consider. If you are looking for someone to help guide you through the process of designing a personalized retirement plan, feel free to reach out to us today for a complimentary review of your situation. Reach out to us here: https://lnkd.in/ekWxCWkf

Five Financial Topics to Consider When Getting Married 💍 👑 ➡ Marriage is an exciting milestone in life (at any age), but it also brings about a few financial topics to consider that can significantly impact your future together. Ensuring a strong financial foundation is crucial for a successful and harmonious marriage. So, we compiled a list of ‘Five Financial Topics to Consider When Getting Married.’ Read our blog download our FREE checklist! https://lnkd.in/eDVgA9qA Asset Strategy #FinancialPlanning #Marriage #WealthManagement

Did you know that tax credits create tax savings?... 👇 That's right! By selling your unused tax credits to someone that needs them, it creates immediate tax savings! Watch our new video with Kent Fitzpatrick, AIFA, GFS who discusses this in more detail. 🎦 If you want to learn more about the specific guidelines that come with this tax strategy, book a Discovery Call with a member of our team who can help guide you through those guidelines: https://lnkd.in/ekWxCWkf Sign up for our FREE two page synopsis on Tax Credits: https://lnkd.in/ewagwxiF Subscribe to our YouTube channel: https://lnkd.in/ej7CAw9M #Taxes #TaxCredits #TaxPlanning

🔔 Don't miss our webinar TODAY @ 12PM EST! Northern Bank is excited to partner with Asset Strategy to offer a webinar focused on the Corporate Transparency Act (CTA) and its impact on LLCs and Corporations. What we will discuss: - What the CTA is - Types of Entities that are exempt - The Legal Aspect - Beneficial Ownership Information - Timelines Register here: https://lnkd.in/eRyGRc4C #smallbusiness #corporatetransparencyact

Attention all business owners! 👇 Were you aware about a new law that was passed earlier this year that could affect your business? In this video, Kent Fitzpatrick, AIFA, GFS discusses what the Corporate Transparency Act is. 💼 The Corporate Transparency Act is a game-changer in financial transparency as 34 million small businesses will be affected. If you want to learn more of what this means for you, register for a webinar that we are presenting alongside Northern Bank on Wednesday, June 26th at 12:00PM EST. Mat Sorensen will discuss the Corporate Transparency Act in more detail and tell you how to get compliant. REGISTER HERE: https://lnkd.in/dqDeEsVE Watch on YouTube: https://lnkd.in/dBWUaa5y

Weekly Market Minute 🌐 🕐 (June 24, 2024)  'Storm Clouds Brewing?' 🔎 In two minutes or less, we discuss what's affecting last week's market performance. Hosted by certified investment management analyst and Asset Strategy Director of Research Rosario "Sal" Salamone, CIMA®. YouTube link to this video: ⏩ https://lnkd.in/eiC5pHUh Asset Strategy #MarketTrends #EconomicData #InterestRates

Northern Bank is excited to partner with Asset Strategy to offer an upcoming webinar, focused on the Corporate Transparency Act and its impact on LLCs and Corporations. Join us Wednesday, June 26th for this informational session. Register here: https://hubs.ly/Q02CJ5Mq0