We hope this message finds you and your family doing well and enjoying February. The last month has been a busy one for financial markets. In this newsletter, we share our thoughts on recent volatility in stocks like GameStop, concepts to consider for charitable giving, and several retirement planning milestones, among other topics.
Additionally, you'll find information on our upcoming webinar, slated for March 2, which will focus on the restaurant industry and feature the insights of Dan Simons.
If you have questions about anything that’s inside this newsletter, we invite you to talk to your XML Financial Group advisor.
Best,
Your Team at XML Financial Group
GameStop Trading: Part II - David’s Boomerang
In this video from February 5, President of XML Financial Group, Curtis Congdon, shares his perspective on "GameStop Trading: Part II - David's Boomerang." Have questions about how these insights and ideas could impact your personalized wealth management strategy? Connect with our team.
The restaurant industry has been hit hard by the pandemic, and even as some states lift restrictions on in-person dining, there are still a lot of questions about what the future might look like for the restaurant industry. On March 2, we will get answers to those questions in a must-see conversation with Dan Simons, Co-Owner of Farmers Restaurant Group. Farmers Restaurant Group is a collective of farmer-owned restaurants where diners can enjoy food grown, raised, and harvested entirely on American family farms.
Hosted by Brett Bernstein, CEO & Co-Founder of XML Financial Group, this event is your opportunity to hear key insights from a veteran of the restaurant industry.
We would like to welcome Jayson Magro to the XML Family! He joins XML Financial Group as a Client Service Associate in 2021. Prior to joining the firm, Jayson worked for three financial services firms, supporting several financial advisors with diverse practices. He is dedicated to providing outstanding service, administration, and operational support to clients and the financial advisors he assists.
Jayson graduated from the University of Maryland, College Park with a degree in Finance from the Robert H. Smith School of Business and a minor degree in Agricultural Resource Economics. Jayson speaks Spanish fluently. He lives with his wife in Gaithersburg, Maryland. In his spare time, he enjoys running and playing basketball.
Another Month of Covid, Another Team Zoom!
The leadership team had been discussing ways to engage the XML team on Zoom without going around the screen to see what everyone is up to or watching on Netflix. In early February, we again utilized Zoom with the breakout room feature this time to form smaller groups for a more intimate discussion. This was a fun and different way to engage with each other. The topic, of course, was Life after Covid — How do we think things will be forever changed due to the pandemic? We discussed things in the breakouts such as the following and then reported back to the full team:
Do we think people will change their behaviors, their routines?
Does anyone have any new habits that they have developed that they will keep when things normalize?
Do we think any businesses will change the way they function?
What will large gatherings such as concerts or sporting events will look like?
How will things change for our industry/XML?
While no one has all the answers, we do know things will change. One thing that won’t is our commitment to our clients and providing the same level of services to you and your family over the long-term.
Important Reminders
April 15 deadline for Roth IRA and IRA funding for 2020.
If you have kids who have earned income, they could consider a Roth IRA.
Be on the lookout for multiple 1099 statements.
Required Minimum Distribution (RMD) is back and the new starting age is 72.
Please check out www.xmlfg.com/resources for the latest news, webinars, podcasts, articles, newsletters, etc.
This communication is for information and educational purposes only. This is not a recommendation for the sale or investment in any product or strategy nor should it be perceived as individual advice. Information presented has been prepared from sources believed to be reliable but is not guaranteed and does not represent all available data necessary for making investment decisions. Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. Forecasts do not consider the specific investment objectives, restrictions, tax and financial situation or other needs of an individual. Actual data will vary and may not be reflected here. Accordingly, these forecasts should be viewed as merely representative of a broad range of possible outcomes. The opinion expressed by this individual is based on facts and circumstances known at this time, is subject to change and does not reflect the opinions of all financial professionals of XML.
XML Financial Group
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7600 Leesburg Pike, Suite 120 East | Falls Church, VA 22043 | 703-790-5999
208 S. Ridge Street, P.O. Box 3813 | Breckenridge, CO 80424 | 970-668-5701
