Asset Strategy

What happened with the oil market during the second quarter? 🛢 David O'Brien CFP, CAIA provides an update on what the oil prices are globally, the production of oil in the United States, how the stock market is affected by the price of oil, and more! Do you know about the tax advantages of investing in oil and gas? If you want to know those advantages, please download our FREE guide: https://lnkd.in/e-awkxa2 #StockMarket #Oil #MarketUpdate

𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗠𝗶𝗻𝘂𝘁𝗲 🌐 🕐 (𝗝𝘂𝗹𝘆 𝟮𝟵, 𝟮𝟬𝟮𝟰)  'Busy Week Ahead with Lots of Questions' 🔎 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 Salamone, CIMA®. YouTube link to this video: ⏩ https://lnkd.in/evupuEQf #MarketTrends #EconomicData #SP500

𝐁𝐨𝐫𝐫𝐨𝐰𝐢𝐧𝐠 $𝟏,𝟎𝟎𝟎 𝐟𝐫𝐨𝐦 𝐲𝐨𝐮𝐫 𝟒𝟎𝟏(𝐤) 𝐏𝐞𝐧𝐚𝐥𝐭𝐲 𝐅𝐫𝐞𝐞 𝐟𝐨𝐫 𝐚𝐧 𝐄𝐦𝐞𝐫𝐠𝐞𝐧𝐜𝐲? 𝐈𝐟 𝐲𝐨𝐮 𝐝𝐢𝐝𝐧’𝐭 𝐤𝐧𝐨𝐰... The IRS has made it easier for people to withdraw up to $1,000 annually from their retirement account in case of an emergency. Even though it was passed in the 2022 retirement law, it became effective as of January 1st, 2024, and a lot of people don't know about this. 𝑇ℎ𝑒𝑟𝑒 𝑎𝑟𝑒 𝑟𝑢𝑙𝑒𝑠 𝑡ℎ𝑜𝑢𝑔ℎ:  🔹 You can only take this $1,000 once per calendar year. 🔹 It is the lesser of $1,000 or your vested account balance over $1,000. • For example, if you only have $1,200 saved in your account, you could only take out $200. 🔹 If you don't repay the $1,000 into the account or through more contributions to your accounts, then there's a three-year waiting period before you can take another $1,000 withdrawal. 𝑊ℎ𝑦 𝑤𝑎𝑠 𝑡ℎ𝑖𝑠 𝑐𝑟𝑒𝑎𝑡𝑒𝑑 𝑖𝑛 𝑡ℎ𝑒 𝑓𝑖𝑟𝑠𝑡 𝑝𝑙𝑎𝑐𝑒?  The government established this to help moderate-income Americans who don't have that extra $1,000 in their savings or checking accounts for an emergency. It's faster and cheaper than alternatives, like credit cards with high interest, personal loans, or even other ways that you can tap retirement savings. So when you file your next tax return, you check off the box saying that the 10% penalty exception applies because it's an emergency. Source: Wall Street Journal If you have any questions, feel free to contact us at 781-235-4426 or set up a 15-minute FREE discovery call at: https://lnkd.in/em7dmKm4 Also, you can set up an Emergency Savings Account with us here: https://lnkd.in/e-zxN-mZ

Are you ready for the IRS’s new rules on inherited IRAs? 👇       The IRS has clarified the 10-year rule for inherited individual retirement accounts (IRAs), which was previously unclear.      The new guidance, set to take effect in 2025, confirms that most beneficiaries must take annual required minimum distributions (RMDs) throughout the 10 years, with the account fully depleted by the end of the tenth year.      This applies to cases where the original account holder had already started taking RMDs before their death.     While the regulations provide some flexibility regarding annual distributions within the 10-year window for beneficiaries if the original account holder passed away before reaching their RMD age, the account must still be emptied by the end of the 10 years.      Eligible designated beneficiaries are generally exempt from the 10-year rule.      The regulations won't take effect until 2025, but for 2021 through 2024, affected beneficiaries don't have to take RMDs.      As the era of stretching withdrawals over a lifetime is over, beneficiaries should plan how to manage inherited IRA funds over a shorter timeframe, balancing tax implications with financial needs and goals.    If you have any questions or need some guidance regarding these new rules, book a free 15-minute Discovery Call with one of our advisors who can begin to help you navigate these rules based on your unique situation. Read the IRS' news release for more information ➡️ https://lnkd.in/gSma3Bgm --   Book a Discovery Call here ➡️ https://lnkd.in/esWC7Ugz

📣 𝐂𝐀𝐋𝐋𝐈𝐍𝐆 𝐀𝐋𝐋 𝐂𝐄𝐑𝐓𝐈𝐅𝐈𝐄𝐃 𝐏𝐔𝐁𝐋𝐈𝐂 𝐀𝐂𝐂𝐎𝐔𝐍𝐓𝐀𝐍𝐓𝐒: Let our team help you earn a free CPE Credit by attending our 1-hour course on tax deferral strategies. We will discuss 1031 Exchanges, DSTs, and Opportunity Zones. Over 100 years ago Internal Revenue Code 1031 (IRC§1031) was legislated into law with the Revenue Act of 1921. While it has undergone various iterations over the subsequent decades, the spirit of the code remains. The code states ‘no gain or loss shall be recognized on the exchange of property held for the productive use in a trade, business or for investment if such property exchanged solely for like-kind which is to be held for the productive use in a trade, business or for investment’. Widely accepted as providing stimulus for the highest and best use of real estate capital investment, IRC§1031 provides investors with a powerful tool for tax deferral while promoting reinvestment domestically rather than abroad. 𝐉𝐨𝐢𝐧 𝐀𝐬𝐬𝐞𝐭 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐚𝐬 𝐰𝐞 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐢𝐬 𝐩𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐭𝐚𝐱 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐭𝐨𝐨𝐥. 𝐔𝐭𝐢𝐥𝐢𝐳𝐢𝐧𝐠 𝐭𝐡𝐞 𝐜𝐨𝐝𝐞 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐥𝐲 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐚𝐧 𝐚𝐬𝐭𝐮𝐭𝐞 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫 𝐚𝐧𝐝 𝐚𝐧 𝐞𝐝𝐮𝐜𝐚𝐭𝐞𝐝 𝐂𝐏𝐀. In this course, participants will be educated in: 👉 𝐆𝐮𝐢𝐝𝐞𝐥𝐢𝐧𝐞𝐬 𝐨𝐟 𝐚 𝟏𝟎𝟑𝟏 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞 🔹Timelines for identification period and closing 🔹Equity and debt replacement parameters 👉 𝐃𝐞𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐢𝐨𝐧 𝐄𝐟𝐟𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐒𝐜𝐡𝐞𝐝𝐮𝐥𝐞𝐬 🔹 Schedule E 🔹 Schedule 8825 🔹 Equity and Debt Replacement 👉 𝐀𝐬𝐬𝐞𝐭 𝐂𝐥𝐚𝐬𝐬𝐞𝐬 🔹 Definition of like-kind properties 🔹 Acceptable exchange examples 🔹 Active vs. Passive Ownership Register for an upcoming event here: www.assetstrategy.com/cpe

From President Biden’s announcement that he will not be seeking re-election, to a rotation out of tech stocks and into small caps, recent events have added to market uncertainty. The S&P 500 recently declined 2.9% from its all-time high, while the Nasdaq pulled back nearly 5%. However, it is important for investors to stay focused on the long run and not overreact to every news headline. This is especially true when it comes to saving for retirement.  For those with decades until retirement, it's critical to start early and hold the right mix of assets that can generate sufficient growth.  For those in or near retirement, sticking to an asset allocation that supports income needs while providing growth for longer retirement periods has never been more important.  Over the past 50 years, the burden of planning for retirement has shifted from corporations and the government to individuals.  Understanding the key principles of investing is essential for all individuals, including holding a properly constructed portfolio tailored to their specific needs, choosing the right mix of assets, saving early, and staying focused on the long run. Today's market requires you to take responsibility for your financial planning. Let us help you! -- Book a FREE 15-minute Discovery Call with one of our advisors who can guide you through these uncertain times. https://lnkd.in/ekWxCWkf 

𝐖𝐞𝐞𝐤𝐥𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐢𝐧𝐮𝐭𝐞 🌐 🕐 (𝐉𝐮𝐥𝐲 𝟐𝟐, 𝟐𝟎𝟐𝟒)  'From Spikes to Sell-Offs, It Hasn't Been a Boring Month' 🔎 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 Salamone, CIMA®. YouTube link to this video: ⏩ https://lnkd.in/e6b6UqiA Asset Strategy #MarketTrends #EconomicData #SP500

What happened in the market this past quarter? 👇 In this video, Kent Fitzpatrick, AIFA, GFS, delves deep into the key highlights, trends, and insights that shaped the financial landscape in Q2 2024. Subscribe to our YouTube Channel to receive more financial analysis, resources, and market updates!  -- Subscribe → https://lnkd.in/enFngfwX

It’s common to make financial mistakes in your 20s and 30s... However, to set yourself up for economic success, you must avoid common financial mistakes young adults make as early as possible. By doing so, you can reduce your expenses, diversify your income, and establish healthy financial habits, helping you achieve your short and long term financial goals. Do you find yourself making financial mistakes? You can set up a FREE 15 minute Discovery Call with one of our advisors who can help you develop a stronger financial plan! -- Click to contact us → https://lnkd.in/ekWxCWkf

Do you want to learn about some ways to potentially save your money and kick taxes to the curb? 👇 Download our 𝐅𝐑𝐄𝐄 two-page table on tax credits! This resource includes 𝟑𝟎 different business and personal tax credits that you can implement into your tax planning strategy. -- Click the link to download → https://lnkd.in/ewagwxiF #TaxCredits #TaxPlanning #FinancialPlanning