Renaissance Financial

Understanding the distinction between tax credits and tax deductions can save you big on your taxes! Tax credits reduce your tax bill dollar-for-dollar, while tax deductions lower your taxable income. Want to maximize your tax savings? Contact our advisors today for personalized guidance and make the most of your tax strategy!

Every step forward, no matter how small, is a step towards your goals. Keep moving, stay motivated, and never give up!

This week, our RFC team and summer interns had an amazing time at Ranken Jordan Pediatric Bridge Hospital, volunteering for their mini-Olympics! We spent the day immersed in laughter and fun, interacting with the incredible children at Ranken. Ranken Jordan provides critical care for children aged from birth to 21, offering support for those who are transitioning from hospital care to home. Their 'Care Beyond Bedside' model emphasizes healing through play and getting kids active outside their hospital rooms. It was truly inspiring to see the joy and resilience of these young patients. Thank you, Ranken Jordan, for letting us be a part of such a special day! We would like to assure everyone that all children pictured in this post have caregiver permission to be photographed. Respecting privacy and ensuring consent are priorities for us at Renaissance Financial. Thank you to all parents and caregivers at Ranken Jordan for allowing us to share these wonderful moments!

Congratulations to our very own Jason Riney for joining the Cardinal Glennon Board of Governors in St. Louis! 👏🏻👏🏻👏🏻 Jason’s dedication and expertise will undoubtedly bring tremendous value to this esteemed organization. We are confident that his efforts will help make a positive difference in the lives of children and families in our community. Way to go, Jason!

Why You Should Play the Long Game: How Long-Term Investments Help You Build Wealth and Withstand Market Volatility. Contact an advisor today to get started!

How Does an ILIT Work? 🌟 An Irrevocable Life Insurance Trust (ILIT) can be a powerful estate planning tool! Here’s a quick rundown: 📝 When you pass away, the trust receives a payment equal to the policy coverage amount (e.g., $500,000). Since the trust owns the policy irrevocably, the proceeds aren’t considered your property and don't fall into your estate, potentially avoiding estate taxation. Remember, life insurance proceeds are generally income tax-free! 💡 Key Points: Trust Provisions: Set up directions on how and to whom payments should be made. Expense Coverage: The trust can pay for funeral costs, probate, taxes, final medical expenses, and debts, avoiding the need to sell less liquid assets at inopportune times. Beneficiaries: After covering expenses, the remaining proceeds can go to beneficiaries, creating an inheritance free of estate taxes. Creditor Protection: Creditors can’t attack these assets since they belong to the trust, not you. 📞 Contact an advisor today to discuss how an ILIT can fit into your estate plan.

Embrace your dreams, for they are the blueprint of your future.

Renaissance Financial had the honor of sponsoring Battle at the Ballpark, and we're thrilled to announce its tremendous success! With the incredible support from our community and fellow sponsors, we saw an amazing turnout. What a community we have built! A special shoutout to one of our own, Kyle Jacobsmeyer, CFP®,CPWA® for his outstanding support to the Big Brothers Big Sisters of Eastern Missouri!

At Renaissance Financial, we encourage our staff and advisors to get involved with community organizations they're passionate about. Evan McGinnis and his wife, Katie, hosted the McGinnis Family Party for a Purpose on June 27th. Over 130 guests joined us to learn about the mission of Ranken Jordan Pediatric Bridge Hospital. Evan shared with guests the transformational experience they've had working with Ranken Jordan’s team approach to achieve therapy goals over the past 3 years with his son. Surrounded by friends, family, staff, and RFC team members, they raised over $40,000 for the children and families at Ranken Jordan! We also heard from CEO Shawn Dryden about how unique pediatric bridge hospitals are, with Ranken Jordan being one of only 20 such institutions across the country. This pediatric hospital, built on the idea that children need opportunities to play to heal, is an essential resource for families of children with medical complexities. We want others to recognize the success of our unique care model so that we can set a new standard of care for these children, wherever they live. To learn more about how you can support and volunteer, please visit https://rankenjordan.org/. #community #stl #RankenJordan #Family #children #healingthroughplay #theraputicservice #communitypartnership #renaissancefinancial 

Secure your legacy with permanent life insurance! Permanent life insurance provides lifelong coverage and comes with an investment component. Ideal for wealth transfer and estate planning, it offers whole, universal, and variable universal life policies. Ensure your loved ones' future is protected no matter what. Want to know more? Contact your advisor today to explore the best policy for you.