Newhouse Financial and Insurance Brokers

Today we gather with loved ones and reflect on the things we’re most grateful for. From the health of our loved ones to the support of our families, friends, and colleagues, there’s so much to be thankful for. As we look back on the year, we’re grateful to our clients for letting us be part of their financial journeys. Here’s to a future filled with hope and prosperity for all. From our families to yours, we wish you a very Happy Thanksgiving.

Did you know that for every $100 spent at a locally owned business, $68 recirculates and remains in the local economy, according to a 2024 report by Sustainable Connections? By contrast, the study found that only $43 stays local when spent at a national chain. As we gear up for the holiday shopping season, remember that Black Friday is just around the corner on November 29, followed by Small Business Saturday on November 30! This weekend presents an opportunity to support our local economy. Why not kick off your holiday shopping by grabbing a coffee from that local café, picking up a unique gift from the boutique down the street, or trying out that restaurant you’ve been meaning to visit? What’s your favorite local small business? Give them a shout-out in the comments! #BlackFriday #SmallBusinessSaturday #ShopLocal #CommunityMatters

🎯 Travel Deal Tuesday (December 3rd) is approaching, and the data shows some interesting trends! Last year, 83% more travel deals were made compared to Cyber Monday and 92% more than Black Friday. Smart travel considerations for the season ahead: - Research shows 50% of travelers are cutting other expenses to afford holiday trips - Flight and hotel availability may be limited for specific dates - Many airlines offer 24-hour cancellation policies for non-basic economy fares - Early planning remains key for securing preferred dates and destinations ✈️ Remember: The best strategy depends on your flexibility. While deals can be enticing, securing your must-have travel dates might be more valuable than waiting for potential savings. 💡 #TravelDeals #TravelTuesday #HolidayTravel #TravelTips #SmartTravel https://lnkd.in/eMb9XXZ6

As Thanksgiving approaches, families gather to celebrate gratitude. But it's also an opportune moment for a crucial conversation: discussing finances with aging parents. As financial professionals, we've seen too many families postpone this "Money Talk." Sound familiar? Don't wait. Your parents will appreciate your concern, and addressing this now can benefit everyone in the long run. Here's our guidance to navigate this important discussion: 1️⃣ Timing is Key: It's easier to discuss personal finances when there's no immediate pressure. 2️⃣ Set the Right Tone: Frame the conversation around helping them maintain independence, not taking control. 3️⃣ Come Prepared: Familiarize yourself with their potential concerns–healthcare costs and living arrangements. 4️⃣ Use 'I' Statements: "I want to make sure I understand your wishes." To some, that sounds better than, "You need to tell me about your finances." 5️⃣ Start Broad: Begin with general questions before diving into specifics. 6️⃣ Be Patient: This may not be a one-and-done conversation. It may take several talks to build an understanding. 7️⃣ Recognize Their Experience: Acknowledge the wisdom they've accumulated over the years. 8️⃣ Suggest a Family Finance Day: Propose a day where the family openly discusses financial matters, making it a normal topic. Remember, the goal is to help your parents feel supported, not scrutinized. Every family's situation is unique, and there's no one-size-fits-all approach. For personalized strategies, our team can help guide these sensitive conversations. #FamilyFinances #RetirementTalk #ElderCare

We're interested in helping small businesses get health insurance in NY/CT. It's getting harder with Emblem and Aetna switching to tiny networks intended for people on Medicaid, or existing the market completely, leaving customers with little to no service and few good options remaining.

As financial professionals, we're used to crunching numbers. But what if I told you the most valuable review doesn't involve a single spreadsheet? 🤔 This year, I'm challenging myself (and you!) to conduct a personal year-end review that goes beyond finances. Here's a sneak peek at my top three reflection points: 🏆 Celebrating wins (big and small) 🧠 Skill evolution 🙏 Gratitude check Why? Because true financial well-being is intrinsically linked to overall life satisfaction and personal growth. Want to join me in giving yourself a year-end review? Reach out to our office! #YearEndReview #PersonalGrowth #FinancialWellbeing

Important updates about Medicare Part B premiums for next year: The standard monthly premium is increasing to $185.00, up $10.30 from 2024. Key changes to know: Monthly premium: $185.00 (up from $174.70) Annual deductible: $257 (up from $240) This change affects both automatic deductions and manual payments. It's worth noting that these adjustments reflect typical healthcare cost trends and usage patterns. Higher-income beneficiaries may see different premium amounts based on their specific situation. Remember: These changes take effect in January 2025. If you're receiving Social Security benefits, adjustments will happen automatically. #MedicareCoverage #Retirement #HealthcareCosts #SeniorCare https://lnkd.in/e_SsT8jT

🏺 Sometimes, the most incredible discoveries happen by chance. In Poland's Wdecki Landscape Park, what began as the recovery of a WWII soldier's grave transformed into an archaeological treasure trove. Beneath the soil lay centuries of history: delicate Neolithic pottery preserved as if frozen in time. Ancient Mesolithic tools—the oldest ever discovered in this protected preserve—tell stories of early human innovation. Among these relics, a scattered collection of 30 coins sparkled, and each one was a messenger from different epochs of European history, from the mighty Roman Empire to the Byzantine era. 🌿 Nature, it seems, has been the perfect curator, preserving these priceless artifacts in pristine condition for millennia. 🔍 The excavation continues, promising more chapters of history waiting to be uncovered in this remarkable site. #Archaeology #HistoricalDiscovery #CulturalHeritage #AncientHistory #EuropeanHistory https://lnkd.in/eR5vtNVC

As December 31 approaches, don't forget to check your pre-tax health accounts: 1️⃣ FSA (Flexible Spending Account): • Review your balance • Consider using the remaining funds for eligible expenses • Remember: many FSAs have a "use it or lose it" policy 2️⃣ HSA (Health Savings Account): • Check your year-to-date contributions • Consider adjusting your contribution amount in 2025 if appropriate • Remember: 1) HSAs roll over, and 2) contribution limits reset annually Any money withdrawn from your HSA for a nonmedical reason is considered taxable income and faces an additional 20% penalty. This penalty is void after age 65; however, withdrawals would still become taxable income. Remember, once you start Medicare, you can no longer contribute pre-tax dollars to your health savings account (HSA). 3️⃣ DCFSA (Dependent Care FSA): • Verify your balance • Don’t forget to submit receipts for eligible expenses (you have until April 30, 2025, but it's best to stay on top of these things) Take a few moments to check up on any FSA accounts and HSA before the year ends. #HealthSavings #TaxStrategy #FSA #HSA #YearEndStrategy

💡 4 things you may not know about Social Security 1️⃣ In February 2024, the average Social Security retirement benefit was around $1,862 per month or $22,344 per year, according to a May update from the Center on Budget and Policy Priorities. 2️⃣ Depending on your circumstances, you may be eligible for Social Security benefits at any age. For example, if you are the spouse, child, or dependent parent of a deceased worker. 3️⃣ Benefits can increase with age. You can increase your Social Security benefits by delaying benefits until age 70. 4️⃣ It can get complicated: Understanding Social Security can be tricky due to factors like earnings limits, spousal benefits, and survivor benefits. Don’t take Social Security for granted. Understand the details and create a personalized strategy that works for you. A financial professional can help. #SocialSecurity #Retirement #FinancialProfessional