If you've watched the news recently, there's a good chance you have seen more reports about workplace strikes.
LIFESTYLE DRIVEN ADVICE SEPTEMBER 2023
Hello,
If you've watched the news recently, there's a good chance you have seen more reports about workplace strikes. Turns out, this is not just a one-off story; August alone saw 4.1 million hours of lost productivity. One of the more notable strikes is the United Auto Workers who are protesting a range of workplace issues. Economists say that while the effect is minimal thus far, the longer this (and future strikes) drags on, the bigger the implications will be on the greater economy.
As you prepare for retirement, the idea of navigating your healthcare needs may seem daunting. That’s particularly true with Medicare, which can be a nuanced program with different plans, premiums, and coverage levels. On Tuesday, October 17 at noon ET, we will be hosting a discussion on the initial enrollment process for Medicare and how to make changes to your coverage after you’ve enrolled. We invite you to register for the webinar to ensure you’re getting the most out of your healthcare.
Recent rule changes ended one effective strategy for distributing inherited IRAs. The new rules could leave heirs with a sizable tax bill and may call for a change to your legacy planning. In this blog post, we covered how the SECURE Act impacts inherited IRAs, and what it means for retirees and heirs.
As always, if you have any questions about the information shared in the newsletter, please don’t hesitate to get in touch.
Upcoming Webinar: 2023 Medicare Open Enrollment
If you are new to Medicare, the initial enrollment process can be daunting. And if you are already enrolled in Medicare, the upcoming open enrollment period offers a great opportunity to adjust your coverage and ensure you are getting the most out of your healthcare. On Tuesday, October 17 at 12:00 PM ET, Kevin Patrick Peters, CLU®, Founder of Lifestyle Life Insurance and XML Wealth Advisor, will be hosting a discussion with Kevin Chaikin, Licensed Medicare Insurance Agent. Together, they will discuss everything you need to know to make the Medicare enrollment process as seamless as possible.
One Way To Secure Your Child’s Inheritance In An Uncertain Tax Future
Striking workers are having their biggest impact on the economy since 2000. August alone saw 4.1 million days of lost productivity as striking workers protested their poor work environments, stagnant wages, and lackluster benefit packages. Read on to find out more details about this growing trend.
New Rules For Inherited IRAs Could Leave Heirs With A Hefty Tax Bill
As of 2023, Americans hold more than $12 trillion in IRAs. If your parents saved diligently throughout their lives, there’s a good chance you’ll inherit some of that money. However, due to recent changes in the law on inherited IRAs, your tax bill from any inheritance could be larger than you expect.
We would like to officially welcome our Chief Technology Officer, Caite Stevens, to the XML team! With a passion for innovation and a wealth of technical expertise across many domains, Caite is committed to keeping XML at the forefront of digital advancements to ensure the continued delivery of secure and robust solutions.
Open House in Bethesda
We recently had the opportunity to unveil our new Bethesda office! Clients and guests had the chance to meet XML team members as well as donate school supplies to help benefit Rockville-based non-profit, So What Else. Our Open House event managed to produce nearly $1,000 worth of supplies that will be distributed across the Montgomery County, DC, and Baltimore sites.
News Features
XML Financial Group has been honored in Citywire RIA’s Special Report of the 50 fastest-growing RIAs from across the country. Citywire focused its ranking on 2022 performance based on percentage growth and monetary growth in AUM as well as percentage growth in employees. XML did not pay to participate in the Citywire survey.
To compile the Top Financial Professionals listing, surveys were sent to all Northern Virginia financial professionals, asking them to recommend other financial professionals whom they would refer to friends and family. Those on the listing received the most nominations. Although some Top Financial Professionals winners choose to advertise in the magazine, they cannot pay to be included on the list. This listing and the advertising section are separate entities. XML did not pay to be on the list or to advertise.
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.
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