Insights
I've got valuable information and resources to share. Explore away! And check back often.
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Regularly review and update your retirement plan as your circumstances change. This includes reassessing your goals, adjusting your savings rate, and rebalancing your investment portfolio as needed. 📱(540) 680-2690 For disclosure information, see thrivent.com/social. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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Regularly review and update your retirement plan as your circumstances change. This includes reassessing your goals, adjusting your savings rate, and rebalancing your investment portfolio as needed. 📱(540) 680-2690 For disclosure information, see thrivent.com/social. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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It’s a common myth that you need a few thousand dollars to begin investing. It actually works in your favor to start investing early — even with as little as $50 a month — rather than to wait until you have a few thousand dollars saved up. Although investing involves risk, through time and the power of compounding, your $50-a-month investment can contribute significantly to larger financial goals. For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. Consult your tax professional for your state's tax rules. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited. #investors #investments #equity #equitymarket #mutualfunds #wealth #investmentcommunity
![Image](https://hsl-pnw-downloadable-files.s3.amazonaws.com/256/cc33559394ac4411a8274b0c0401f18d.png)
It’s a common myth that you need a few thousand dollars to begin investing. It actually works in your favor to start investing early — even with as little as $50 a month — rather than to wait until you have a few thousand dollars saved up. Although investing involves risk, through time and the power of compounding, your $50-a-month investment can contribute significantly to larger financial goals. For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. Consult your tax professional for your state's tax rules. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited. #investors #investments #equity #equitymarket #mutualfunds #wealth #investmentcommunity
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➡️If you follow IRS rules, hiring your child to work for your business can lower your taxable income as you can deduct their salaries from your business income. ➡️If your child is under 18, and depending on the type of business you have (more on that below) you won’t have to take Social Security and Medicare taxes from their pay. ➡️Your child won’t have to pay taxes if their income for a given tax year is less than the standard deduction amount for that year (e.g., $13,850 for 2023). ➡️Because your child will have earned income, you can contribute to an IRA on their behalf subject to applicable IRA contribution limits. **According to https://bit.ly/3ORSCq9 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. State tax rules may differ from federal rules governing the tax treatment of Roth IRAs and there may be conflicts between federal and state tax treatment of IRA conversions. Consult your tax professional for your state's tax rules. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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➡️If you follow IRS rules, hiring your child to work for your business can lower your taxable income as you can deduct their salaries from your business income. ➡️If your child is under 18, and depending on the type of business you have (more on that below) you won’t have to take Social Security and Medicare taxes from their pay. ➡️Your child won’t have to pay taxes if their income for a given tax year is less than the standard deduction amount for that year (e.g., $13,850 for 2023). ➡️Because your child will have earned income, you can contribute to an IRA on their behalf subject to applicable IRA contribution limits. **According to https://bit.ly/3ORSCq9 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. State tax rules may differ from federal rules governing the tax treatment of Roth IRAs and there may be conflicts between federal and state tax treatment of IRA conversions. Consult your tax professional for your state's tax rules. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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During this uncertain time, lets review your financial position to prepare for the future. 📱(540) 680-2690 For disclosure information, see thrivent.com/social If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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During this uncertain time, lets review your financial position to prepare for the future. 📱(540) 680-2690 For disclosure information, see thrivent.com/social If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
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Today is All-American Pet Photo Day! A great opportunity to share your beloved pets🐾
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Today is All-American Pet Photo Day! A great opportunity to share your beloved pets🐾
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Consider all of your options...... Here are a few: -Leave it with your former employer -Roll it over to your new employer -Roll it over into an IRA -Cash it out For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. State tax rules may differ from federal rules governing the tax treatment of Roth IRAs and there may be conflicts between federal and state tax treatment of IRA conversions. Consult your tax professional for your state's tax rules.There may be benefits to leaving your account in your employer plan, if allowed. You will continue to benefit from tax deferral, there may be investment options unique to your plan, fees and expenses may be lower, plan assets have unlimited protection from creditors under Federal law, there is a possibility for loans, and distributions are penalty free if you terminate service at age 55+. Consult your tax professional prior to requesting a rollover from your employer plan. #preparation #finance #family #retirement
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Consider all of your options...... Here are a few: -Leave it with your former employer -Roll it over to your new employer -Roll it over into an IRA -Cash it out For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. State tax rules may differ from federal rules governing the tax treatment of Roth IRAs and there may be conflicts between federal and state tax treatment of IRA conversions. Consult your tax professional for your state's tax rules.There may be benefits to leaving your account in your employer plan, if allowed. You will continue to benefit from tax deferral, there may be investment options unique to your plan, fees and expenses may be lower, plan assets have unlimited protection from creditors under Federal law, there is a possibility for loans, and distributions are penalty free if you terminate service at age 55+. Consult your tax professional prior to requesting a rollover from your employer plan. #preparation #finance #family #retirement
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Want to uncover tax-saving opportunities? Let's review your most recent tax return to identify ways to save so you can fund what matters most. Reach out to schedule an appointment. 📱(540) 680-2690 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
![Image](https://hsl-pnw-downloadable-files.s3.amazonaws.com/256/18c64708232c4a23bf68a16002b0909d.png)
Want to uncover tax-saving opportunities? Let's review your most recent tax return to identify ways to save so you can fund what matters most. Reach out to schedule an appointment. 📱(540) 680-2690 For disclosure information, see thrivent.com/social While Thrivent does not provide specific legal or tax advice, we can partner with you and your tax professional or attorney. If requested, a licensed insurance agent/producer may contact you and financial solutions, including insurance, may be solicited.
![Image](/themes/custom/hearsay_thrivent/images/eye-icon.png)
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Summer financial tip coming in hot: Start planning for the holidays now. Tickets are cheaper. You’re more relaxed. And planning by the pool when school’s out is much easier than it will be later this year when you’re slammed with school and work events.
![Image](https://hsl-pnw-downloadable-files.s3.amazonaws.com/256/f26ea509564f4f40bb462c96756a394b.png)
Summer financial tip coming in hot: Start planning for the holidays now. Tickets are cheaper. You’re more relaxed. And planning by the pool when school’s out is much easier than it will be later this year when you’re slammed with school and work events.
![Image](/themes/custom/hearsay_thrivent/images/eye-icon.png)
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Here’s a simple summer financial tip: Take advantage of hot interest rates! 🔥☀️ If you have money in a checking account or other low-interest investment, consider moving it to a high yield savings account or CD where it can earn more. Always nice to earn a little extra by doing (almost) nothing! 😎
![Image](https://hsl-pnw-downloadable-files.s3.amazonaws.com/256/25a6435836bd48e5bc74eda8550e2180.png)
Here’s a simple summer financial tip: Take advantage of hot interest rates! 🔥☀️ If you have money in a checking account or other low-interest investment, consider moving it to a high yield savings account or CD where it can earn more. Always nice to earn a little extra by doing (almost) nothing! 😎