It’s hard to believe another year is coming to a close. As always, the year has passed much too quickly.
I wish you and your families, friends, and loved ones peace, health, and happiness during this holiday season and all through the year.
I hope the holiday season provides you an opportunity to spend time with those who matter to you. May you also have a chance to kick back and relax. I hope your 2023 ends on a good note and that you have an even better year in 2024.
It’s the holiday season, meaning it’s a busy time of the year for most. this is the holiday season, rather than provide you with new content, I am providing a modified version of Apprise’s Five Favorite Reads and sharing this year’s most viewed content of 2023.
1. SECURE Act 2.0 – 16 Key Tax and Retirement Provisions.
A look at many of the most important provisions in this legislation, which was signed into law by President Biden on December 29, 2022. Where applicable, the discussion also addresses the potential impact of the changes. Among the most significant was the increase in the age for required minimum distributions (RMDs). Those born in 1951 or later can now wait until age 73 to start taking RMDs. If you were born in 1960 or later, you can wait until age 75 to start. Many of the provisions start taking effect in 2024. Check out the blog for a refresher.
If you’d like a refresher on what’s changing for retirement in 2024, you can also check this blog. You may also appreciate this podcast which discusses some smart tax moves for 2024 and beyond.
2. What Happened at Silicon Valley Bank – A Primer.
The failure of Silicon Valley Bank in March concerned many. Fortunately, as suggested in the blog, the additional bank failures that many feared did not come to pass.
3. Retire in Style: Ten Key Dates You Can’t Afford to Miss!
As we progress from 50 to 75, we face several key retirement-related deadlines. Missing some of the hard deadlines can result in penalties. Some represent opportunities. Others provide options for flexibility.
4. Apprise’s Five Favorite Reads for the Week of February 5, 2023.
The only favorite read blog on this list. It includes stories related to taking care of boomer parents, the single greatest habit you can build, tips to help you sell stuff online, the top phrase used in successful relationships, and tax-friendly charitable-giving strategies. I also discussed the last topic more in this blog.
5. 7 Social Security Claiming Mistakes Frequently Made by Couples.
It’s easy to make mistakes when claiming Social Security benefits. The first item on the list highlights why couples should make joint claiming decisions. You will also find some of the consequences associated with claiming benefits too early.
It has been an exciting year for me. In October, I officially earned the Registered Life Planner designation. I have appreciated partnering with clients on their life plans. If you would like to start working on your life plan, please schedule a call or virtual meeting.
During 2023, Apprise continued to grow. I appreciate the opportunity to work with each of Apprise’s clients and look forward to continuing to work with them as well as the chance to work with others in the years ahead.
You should also expect some news in January related to the next step in Apprise’s growth path.
Thank you for your interest in Apprise’s weekly blog. I look forward to writing it each week. I hope everyone who celebrated had a Merry Christmas. Happy New Year to all!
If you would like to talk to us about financial topics including your investments, creating your life plan, saving for college, saving for retirement, or the retirement smile, please complete our contact form or schedule a call or a virtual meeting via Zoom. We will be in touch.
Next week, please look for our Tuesday Tips video blog.
Our practice continues to benefit from referrals from our clients and friends. Thank you for your trust and confidence.
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For firm disclosures, see here: https://apprisewealth.com/disclosures/
Phil Weiss founded Apprise Wealth Management. He started his financial services career in 1987 working as a tax professional for Deloitte & Touche. For the past 25+ years, he has worked extensively in the areas of financial planning and investment management. Phil is both a CFA charterholder and a CPA.
Located just north of Baltimore, Apprise works with clients face-to-face locally and can also work virtually regardless of location.
