Nicole enjoyed using her Thrivent Action Team to fill the freezer at her church. The group prepared meals and the congregation will share the meals with co-workers, neighbors, or family that need a helping hand. In just four hours the team was able to assemble 125 homecooked meals. Thank you for living generously!
Bucket list items are an inspiring part of our lives and an important part of our financial planning process. What’s on your bucket list? Share yours below.
https://www.today.com/life/inspiration/bucket-list-ideas-rcna65300
We are blessed with the best! We are celebrating Administrative Professionals Week and the work of our great support team. Thank you for your hard work both inside and outside the office.
🎉 We've Moved! 🏢✨
Exciting news! We've relocated our Green Bay office to a new space just 2 minutes down the road! You can now visit us at 1150 Springhurst Dr. Green Bay, WI 54304.
This is National Volunteer Week, how are you giving back to your community?
Let’s see your photos featuring amazing local organizations.
Introducing Zach Slayton as the newest member of the Third Coast Wealth Advisors team. Zach finds abundant joy by helping clients find clarity and confidence in their personal financial plans. Zach is originally from Austin, Texas but moved to Colorado to study at Colorado Christian University. He earned both his undergraduate and master’s degree in business administration. While in school, Zach competed on the collegiate men’s golf team. In his free time, Zach enjoys playing golf, hunting, and spending time with his wife Natalie and his family. Welcome Zach!
Congratulations Greg on being a 2023 recipient of Thrivent Charitable's Voices in Philanthropy. The work you’ve done with your clients helps them spread the joy of generosity by making a broad impact with their charitable gifts. We are privileged to join you in celebrating your exciting accomplishment.
Read the full news article, announcing this year’s honorees: thriventcharitable.com/2023-VIPs.
What a fun night for Eric Grasse and Jonathan Risseeuw who participated in this year's Men Who Cook event. The funds raised for Safe Harbor of Sheboygan County go directly to their mission helping those affected by sexual assault and domestic abuse in our community. A fantastic turn out by our community for a great cause!afe Harbor of She
“Diversification” doesn’t just mean owning multiple stocks in your portfolio.
There are 3 types of diversification:
→ 🪣Taxes
→ ⏳Time
→ 📈Investment
Let’s talk about how you can incorporate all 3 into your investment strategy.
See thrivent .com/social for important disclosures.
While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market.
Check out the latest news and announcements from the Third Coast team!
https://www.thrivent.com/literature/thirdcoast-newsletter.pdf
Our team did over 100 Roth Conversions last year for our clients
Here's what we keep in mind when executing a Roth Conversion strategy
Tax Brackets
👉 Deciding which tax bracket to strategically "fill up."
Calculating your "room"
👉 Using proprietary software to calculate available room within the desired tax bracket for the conversion.
Tax Law Considerations
👉 Adjusting the strategy as tax laws change.
Market considerations
👉 Capitalizing on market drawdowns by accelerating conversions at opportune times.
Paying the taxes
👉 Identifying sources of liquidity to cover taxes out of pocket.
Offsetting the taxes
👉 Finding credits & deductions strategies to offset the tax burden of Roth Conversions.
Married Filing Jointly → Single
👉 Adjusting the strategy when a household goes from married to single.
Required Minimum Distributions
👉 Adjusting conversion amounts as RMDs come into play and understanding that RMDs cannot be converted to Roth IRAs.
Medicare Impact
👉 Navigating the impact of conversions on Medicare premiums, if over 65.
Estate considerations
👉 Leaving pre-tax assets to lower income beneficiaries and Roth assets to higher income beneficiaries.
How much is too much?
👉 We don't want to convert everything. Determining the optimal balance to leave in the pre-tax bucket.
🤔Could a Roth Conversion be right for you?
Disclosures: Thrivent.com/social
Thrivent and its financial advisors and professionals do not provide legal, accounting, or tax advice. Consult your attorney or tax professional. 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. Thrivent is not connected with or endorsed by the U.S. government or the federal Medicare program.
It makes far more sense to ignore what the crowd is doing and base your investment decisions on what you need to reach your goals, then stick with the plan despite the fear or greed you may feel. To do otherwise would be following a pattern that has proven to be extraordinarily painful.
If you simultaneously...
❌Lost half of your retirement income
🔺Jumped up to a higher tax bracket
Would that throw a wrench in your financial plan?
That’s exactly how the "Widow’s Tax Penalty" can impact a retirement plan when one spouse outlives another.
See thrivent.com/social for important disclosures.
Thrivent and its financial advisors and professionals do not provide legal, accounting, or tax advice. Consult your attorney or tax professional.
One of the big problems with setting goals, especially financial ones, is that we’re bad at imagining our future. Just remember what you imagined you’d be as an adult when you were a kid. I’m guessing there are some gaps between that dream and your current reality.
Your generosity inspires us!
Since the inception of the Thrivent Choice Dollar program in 2010, our Third Coast Wealth Advisor clients have directed $2,233,387 to organizations near and dear to their hearts.
What organization will you be allocating your 2023 Thrivent Choice Dollars to?
Don’t forget, the deadline is March 31, 2024.
Happy Valentine’s Day! Celebrate loved ones in your life—today and every day. ❤️
We often get asked what we do. While our practice focuses on retirement planning and asset management, we can often distill our value in one simple way. Our greatest value to our clients is to keep them from making the big mistakes.