6 year-end financial tasksThe hustle and bustle of the holiday season can distract us from other action items on our checklist. End the year on a strong note by refocusing on your finances. Take a look at these tasks to complete before Dec. 31.
When you're younger and healthier, it's typically easier to qualify for coverage. Also, premiums are usually much lower. Locking in a policy early means long-term protection for your loved ones at a more affordable rate.
Even if you don't have a dependent yet, it's a great way to plan ahead and build a solid financial foundation.
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For 2025, you can contribute up to $7000 (or $8000 if you're 50 or older). Every dollar you add helps your money grow through tax advantages and compounding over time.
Not sure how much to contribute or whether a Traditional or Roth IRA fits best? Let's talk about your options and find the right strategy for your goals.
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Do you need life insurance? Questions to ask yourself & your familyWondering how life insurance can benefit your loved ones when you’re gone? Here's a conversation guide to help you in planning for the unexpected. 👇
Together, we can make sure your family is covered for the future.
Your retirement accounts are designed to support your future self, not short-term needs. Keeping your money invested gives it time to grow and work harder for you.
If you're facing a financial challenge, let's talk through other options before dipping into your retirement funds.
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What is a variable annuity & how does it work?A variable annuity offers several key features: income in retirement, potential tax-deferred growth based on market performance, and—depending on the contract—potential to pass money on to your heirs.
Check out this article for more information and let’s connect if you want to discuss how an annuity could help you reach your retirement goals.
Knowing your risk tolerance helps you choose investments that match your comfort level and your long-term goals.
The right balance means you'll be more likely to stay confident through market changes and stick with your plan.
Not sure what your risk tolerance is? Let's talk it through and find the right fit for you.
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Are you ready for penalty-free retirement withdrawals? Reach out to learn more about taking withdrawals starting at age 59½ and how I can help you reach your retirement goals.
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401(k)s and IRAs for retirement
Roth IRAs for tax-free growth
HSAs for medical expenses
These accounts can help you save for the future while reducing your tax burden today. It's win-win for your financial goals.
Not sure which option fits vest for you? Let's review your situation and find the right strategy together.
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Money can be one of the biggest sources of stress in relationships, but it can also be one of the greatest tools for teamwork.
Set aside time to have open, honest conversations about your goals, spending habits, and financial priorities. When you're on the same page, managing money becomes a shared journey, not a solo task.
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Don't let your finances be scarier than the costumes! Plan ahead and treat your future today.
Stay safe, enjoy the sweets, and have a spooktacular holiday with your family and friends!
Social Security Fairness Act: How the WEP & GPO repeal may affect your benefitsEarlier this year, the Social Security Fairness Act was signed into law. If you or a loved one has ever worked in the public sector, the SSFA may impact retirement income and prompt you to consider some strategy adjustments.
Take a look at this resource for more information. If you’d like to discuss how this act may impact your retirement plans, let’s set up a meeting.
Set aside a little each month into a sinking fund or savings account. Your future self will thank you!
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Retirement savings by age: How much should you have?Planning for retirement can seem like a long and complex journey. Knowing how much to save is a foundational piece of achieving your retirement goals—check out these planning milestones based on your age.
Employer provided life insurance is a great benefit, but it often only covers 1-2x your salary. For most families, that may not be enough to cover living expenses, debt, or future goals like college or retirement.
Plus, your coverage may not follow you if you change jobs.
Thats why it's important to explore your own policy. Coverage that's tailored to your needs and stays with you no matter where you work.
Not sure how much you need? Let's sit down and review your options together!
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Did you know?
Thrivent offers a wide variety of guidance and resources to help you right on their website including:
-Financial education articles
-Market and economic updates
-Tools and calculators to help plan with confidence
Explore more at Thrivent.com!
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Quick Reminder for Our Clients!
With Apple's recent iOS update, spam filters for calls and texts are now stronger than ever. That's great for blocking unwanted messages but it may also mean you won't see important calls or texts from us.
To make sure you don't miss anything, please save our 2 office numbers in your contacts:
Office: 605-234-0382
Text: 605-220-5127
That way, you'll always know it's us when we reach out with updates, appointment reminders, or important information.
Thanks for helping us stay connected!
Updating your life insurance: 7 life events that may affect your coverageIf you’re in one of these 7 life stages, it may be time to update your life insurance coverage. ⬇️
Categorize your expenses into 3 groups:
Needs - housing, utilities, groceries
Wants - dining out, streaming services, hobbies
Wishes - the "nice-to-have" splurges
Once you see where your monye is going, you can decide where to cut back and redirect those dollars into savings.
Not sure where to start? I can help you review your cash flow and find opportunities to save without feeling deprived. Let's talk!
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