Kelley & Mullis Wealth Management

Merry Christmas from our Kelley & Mullis family to yours.🎄We wish you a joyful holiday spent with your family, friends, and loved ones.

Are you new to Medicare? 🏥 Navigating the complexities of this program can be overwhelming, especially during your Initial Enrollment Period (IEP) or a Special Enrollment Period (SEP). Check out our latest blog post to explore key questions to consider, coverage options, cost-saving programs, enrolling in ‘Part D’, and more. Don’t go through this alone — Kelley & Mullis Wealth Management will assist you in making informed decisions! Click the link to read the full guide and empower yourself with the knowledge you need. 🔗 https://lnkd.in/etrr4A5x

It doesn’t take a degree in finance to see that the cost of college continues to rise. 📈 In its 2023 report, the College Board showed that in-state tuition and fees at private non-profit four-year institutions increased by 5% in inflation-adjusted dollars between the 2013-14 and 2023-24 school years. If your child is approaching college-age, a good first step is estimating the potential costs. From there, Kelley & Mullis can help your family craft an effective and attainable college savings and payment plan. Reach out today by calling (205) 733-8006.

At Kelley & Mullis, we practice wise investing with our clients to build resilient finances. Our team will guide you through the various types of risk involved and help you avoid the pitfalls of trying to time the markets. Some important considerations include market risk — where portfolios may lose value due to changing conditions — as well as personal risks, such as longer lifespans and rising healthcare costs. Instead of attempting to predict market highs and lows, we focus on time in the markets, navigating natural cycles and staying aligned with your long-term goals. ⏳ When it comes to investing, starting early is key, and our financial managers are ready to help you take that first step! Let’s connect: (205) 733-8006.

Preparing an estate strategy is key to securing your legacy and protecting your loved ones. To ensure your wishes are clearly communicated and assets distributed, start with a will and letter of intent. Assign a power of attorney and establish healthcare directives, including a HIPAA release, so that trusted individuals can effectively manage your financial and medical decisions when needed. For those in second or third marriages, ensure your plans reflect any added complexities. For your children’s future, designate guardianship and consider creating trusts. Finally, maintain an updated list of accounts and passwords for a smooth transition. Our team at Kelley & Mullis Wealth Management is available to support with thoughtful preparation today to provide peace of mind for tomorrow.

At Kelley & Mullis, we don’t create ‘one-size-fits-all’ plans, we take time to craft a specialized approach for your aspirations. With our team of expert advisors, you're not just investing your assets; you're investing in a relationship built on trust and tailored guidance. We work diligently to optimize your budgeting, savings, and insurance strategies, addressing rising costs and evolving financial landscapes. If you’re in need of support, we are currently accepting new clients. Learn more about our firm by visiting www.kmwealthmanagement.com!

The end of the year can remind us of last-minute things we need to address and the goals we want to pursue. Here are some aspects of your financial life to consider as this year leads into the next. 💰Investments & Retirement: Max out contributions, review old and new accounts, and make any catch-up contributions if eligible. 💲Taxes: Review property sales, realized and unrealized gains/losses, and last year’s carryforward losses. Collect cost-basis information for any sold securities. ✉️Charitable Gifting: Take advantage of the $17,000 federal gift tax exclusion per individual, plan education contributions, and review trusts with a professional to ensure compliance. 🔒Life Insurance: Update beneficiaries, review premium costs, and confirm your coverage matches current needs. Planning ahead with Kelley & Mullis Wealth Management sets up a strong start to the new year. Contact our team today!

Happy Thanksgiving from Kelley & Mullis Wealth Management! 🍁 As we celebrate this season of gratitude, we want to extend our heartfelt thanks to our clients for trusting us with your financial journey. Your confidence in us inspires our commitment to be dependable, ethical and purposeful in everything we do. Wishing you and your loved ones a joyful holiday.

Wealth management should always be centered on your goals, guiding you in creating and preserving your wealth. By diversifying your assets, setting realistic performance expectations and maintaining regular communication with your financial advisor, you can effectively manage your funds. At Kelley & Mullis, we encourage you to tune out the noise and avoid impulsive decisions in unpredictable markets. Our team will closely monitor your portfolio and recommend adjustments to keep you on track.💡Let us help you build a strong financial future with a personalized wealth management strategy!

Is your "financial house" in order? 🏛️ To support your long-term financial well-being, it is important to have strong "pillars" supporting the “house”. Check out a few pillars we believe are key to ensuring success: 🔑Workplace Retirement Strategy: Workplace plans make it easy to build & transfer your retirement fund. 🔑Insurance: Protect yourself and your loved ones in case of unforeseen events. 🔑Estate Strategy: Whatever your aspirations, it’s important to ensure that your assets transition smoothly in accordance with your wishes. Our experienced team can support with all of these strategies and more to construct a solid financial foundation. Let’s chat!