Financial News and Articles with Shawn E Steffens in Mount Vernon WA

Insights

Working tax efficiency into your financial strategyDid you know there are strategies you can put in place that could reduce your taxes now and in retirement? Let’s start with the basics.

Join us for an on-demand presentation for an update on the markets and economy. Hear from Thrivent Chief Investment Officer David Royal and Thrivent Chief Investment Strategist Steve Lowe. No products will be sold. https://video.thrivent.com/view/1KjARZTPZS2GUojZWZRQS2

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What factors guide the money decisions in your life? There is no one-size-fits-all strategy and that’s why we take the time to learn about what’s in your heart and mind. Let’s make sure your financial strategy reflects what’s important to you—today and in the future. Let’s connect to review your plan.

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2021 Market RecapA strong stock market defied pandemic setbacks in 2021. Our chief investment officer has a recap, and what it may mean for your financial strategy.

How inflation and the conflict in Ukraine may affect your investmentsThinking about making adjustments to your investment strategy due to the current markets? Thrivent’s Chief Investment Strategist shares some thoughts to consider in his recent market update.

Market volatility and your investments: What you need to knowGiven current events, you may feel uncertain about the market and what it means for your investments. Tip #1: Keep your emotions in check when the markets dip. Check out these 5 additional tips to help you navigate the ups and downs.

Market and economic impacts of Russian invasion of UkraineThrivent’s Chief Investment Strategist recently shared thoughts on how the Russian invasion of Ukraine may affect markets and the economy. You can read more in the link below. If you’re considering making changes to your investments, let’s find time to discuss in light of this development. For additional disclosures, visit thrivent.com/social

Investing Terms and Concepts You Should KnowIs investing on your financial bucket list this year, but you’re not sure where to start? Check out these foundational concepts.

2022 Market Outlook: Pondering a post-pandemic market environmentWith disruptions from the past two years of the pandemic, what does the forecast look like for next year’s market? Read on for Thrivent’s 2022 Market Outlook.

Family FinancesIt can be tough talking with your aging parents about their finances and wishes for the future. Here are some tips and conversation starters for approaching the topic with them.

How to Talk About Aging With Your ParentsIs it time to talk to your aging parents about the future? How would they prefer to handle their financial and healthcare needs as they get older? Read on for tips on how to approach the subject and what types of documentation are necessary.

Living with intentionDeveloping a good relationship with money starts at a young age. Here are 4 money habits you can teach your kids.

When to claim Social SecurityWhen should you claim your Social Security retirement benefits? Here are some details to consider as you prepare for the retirement you’ve worked so hard to enjoy.

-Do you use the standard deduction when you file your federal taxes? -Are you over 70 ½ years of age? -Do you have an IRA? -Do you make charitable gifts? If you answer yes to all of these if you could benefit from a qualified charitable distribution and potentially reduce your taxable income. Are your parents and/or grandparents in this situation? With a qualified charitable distribution, you can transfer up to one hundred thousand dollars annually from your IRA directly to a qualifying charity such as Thrivent Charitable Impact & Investing™. In addition to counting toward any required minimum distribution you may have, a QCD may also help you avoid some disadvantages of a larger income such as higher Medicare premiums or social security taxes. All while supporting your favorite charities and causes through your custom charitable fund. Learn more: https://bit.ly/39pGW8Q Thrivent Charitable Impact & Investing™, a separate legal entity from Thrivent, the marketing name for Thrivent Financial for Lutherans, is a public charity that serves individuals, organizations, and the community through charitable planning, donor-advised funds, and endowments. Thrivent Charitable Impact & Investing works collaboratively with Thrivent and its financial professionals. For more disclosures, see Thrivent.com/social.

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Thinking about buying a summer home? Tip: As you consider your budget, be sure your spending plan still leaves room for the things that matter most to you.

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IRA’s are one way to save for retirement. However, when you’re required to start taking minimum distributions, you may not want that extra income driving up your taxes. A meaningful way you can meet these IRA requirements and potentially reduce your tax bill is through a qualified charitable distribution. Learn more: https://bit.ly/3t9bfry InFaith Community Foundation is a public charity that services individuals, organizations and the community through charitable planning, donor advised funds and endowments. InFaith works collaboratively with Thrivent and its financial professionals. For more disclosures, see Thrivent.com/social.

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Myth: My 401(k) is enough for retirementFact or myth: “A 401(k) is all I need for retirement.” Find out what you may need to consider.

Inspiring generosity with your Thrivent fundsEquipping clients to live generously has always been at the heart of Thrivent, and now you can give back to causes you care about right from your Thrivent Funds account: https://bit.ly/37yZnXy

Welcome! You are invited to join a webinar: Economic Update. After registering, you will receive a confirmation email about joining the webinar.Looking for insights to help inform your financial strategy? Join us on August 4, for our free Economic Update webinar to find out how you can use the latest economic and market data to make prudent money decisions. No products will be sold. For more information visit Thrivent.com/social.

Your Social Security Questions AnsweredSocial Security can be overwhelming. That’s why we’re here to help you sort through the details. Check out this article and let’s connect if you’d like to talk more.