Preservation Financial Wealth Management

🎉 Happy New Year! Wishing you a year filled with good health, exciting opportunities, and meaningful moments with those who matter the most. May 2025 be a year of growth, happiness, and fulfillment for you and your loved ones. ✨ #HappyNewYear #NewBeginnings #2025Goals #HealthAndHappiness

🚨Attention Business Owners: Did you know the Supreme Court has taken away a popular succession tactic? 🚨 On June 6, 2024, the Supreme Court ruled that life insurance proceeds used to buy a deceased shareholder's stock MUST be included when valuing a corporation for estate tax purposes. 😱 What does this mean for business owners? 1️⃣ Your estate could owe more in taxes 2️⃣ Common succession strategies may be in question Don't let this ruling catch you off guard! Here's what you need to do: ✅ Meet with your financial professional, estate attorney, and tax professional ASAP ✅ Review and update your corporate agreements ✅ Get a professional valuation The landscape has changed, but opportunities for your business and legacy remain. If you’re a business owner or know someone who is, make sure they speak to professionals who can help navigate these new changes. Remember, several factors affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments. So, there is much to consider when it’s part of your succession approach. #BusinessOwners #Estate #SupremeCourt #TaxStrategy #Financial

The Federal Reserve cut rates by 0.25%, bringing the target range to 4.25-4.5%. While markets anticipated this move, what's particularly interesting is the Fed's signal of fewer rate cuts ahead than previously expected. A few key takeaways from Chair Powell's announcement: - The Fed has now reduced rates by a full percentage point from peak levels - Economic growth projections for the year were actually raised to 2.5% - Only two more cuts are expected in 2025, half of what was projected in September As we look ahead to 2025, the Fed's cautious approach to future rate reductions suggests a continued focus on balanced economic growth and price stability. 💫 #FederalReserve #Economy #Financial #Investing https://lnkd.in/e3mvUCRR

Happy Holidays to you and your family! During this festive season, we cherish our most meaningful connections and spread joy throughout our communities. Whatever traditions you celebrate, may your holidays be filled with happiness, laughter, and time spent with those who matter the most. Wishing you and your loved ones a wonderful holiday season and a bright start to the New Year. 🌟 #HappyHolidays #SeasonOfJoy #CommunitySpirit

As 2024 wraps up, it's a great time to reflect on what we've learned and prepare for the year ahead. 💡 My Take: 1️⃣ Market Volatility: Strong overall performance, but with plenty of ups and downs—highlighting the value of staying focused on long-term goals. 2️⃣ Fed's New Direction: Rate cuts to support the labor market have wide-reaching effects, proving how impactful the Federal Reserve's impact is on financial markets. 3️⃣ AI's Rise: The rapid adoption of AI has reshaped industries, driving both opportunities and challenges for investors. 4️⃣ Global Events & Market Sentiment: Unexpected events can quickly sway markets, underscoring the need for adaptable strategies. 2025 will be a year of both new opportunities and challenges. Staying informed will, of course, be key to making the most of what lies ahead. We’ll do our best to continue to share insights and keep you updated as events unfold. #PersonalFinance #2025Outlook #InvestmentStrategy #AI #Markets #FinancialGoals

Want to know what's really driving prices in 2024? Here's what today's inflation report reveals: 🌟 While overall consumer prices saw their biggest monthly jump since April, there are some surprising shifts beneath the surface. Hotel stays and food costs are key drivers right now, with egg prices surging 8.2% due to avian flu concerns. But it's not all price increases - cereal and bakery products just recorded their largest price drop in over 30 years. The housing market brings encouraging signs: rental costs are rising at the slowest rate since summer 2021. These varying trends show how economic forces affect different parts of our daily lives in unique ways. Understanding these patterns helps make more informed financial decisions. 💡 #Economics #ConsumerPrices #MarketTrends https://lnkd.in/g-JwdS7g

Ever wondered if you've left money behind in old retirement accounts? You're not alone! Recently, we learned about someone who uncovered thousands of forgotten retirement money from previous employers. How? By simply reaching out to their past workplaces. 👉 Take action now: 1. Review your resume to make a comprehensive list of all your past employers 2. Create a simple form letter requesting information about potential retirement accounts 3. Send the letter to HR departments or plan administrators of each former employer 4. Contact them to follow up Remember, it's YOUR money. Don't let it get lost in the shuffle of life's changes. Have you ever rediscovered a forgotten account? Share your story below! 👇 #RetirementStrategy #FinancialWellness #HiddenMoney

🌟 Ever wonder what the world was curious about in 2024? Google's Year in Search just dropped some fascinating insights! While sports dominated global searches (hello, Copa América and European Championship!), the real gems are in the unexpected trends. Who knew a chocolate muffin from the Olympic Village would become the most searched recipe worldwide? And the New York Times' "Connections" puzzle topped all game-related searches globally! From movies like "Inside Out 2" to Kendrick Lamar's "Not Like Us," these searches tell the story of our collective 2024 journey. What did you search for this year? 🔍 #YearInReview #GoogleTrends #Culture https://lnkd.in/eJ4fMbGy

Legacy is more than financial assets—it’s the values, traditions, and memories we pass down, the pieces of ourselves that live on. For many, this time of year can also bring the weight of loss and the absence of loved ones. Yet, the true power of a legacy is in how it continues to shape us, even when those who created it are no longer here. Here are a few ideas families have shared that may inspire you to start some new traditions: 📚 Family Recipe Book: Collect cherished family recipes and print them in an 'Official Family Recipe Book.’ 🤝 Annual Family Reunions: Gather regularly at a favorite spot to strengthen bonds and create lasting memories. 🎁 Volunteer Together: Each Christmas, pick a family in need of support and teach the value of giving back. 🍪 Holiday Crafting or Baking: Bake the same sweets or craft ornaments each year to create tangible memories. The most important legacies are built on love, traditions, and unforgettable experiences—those precious pieces that live on beyond us. What traditions do you hope will continue with future generations? #Legacy #FamilyTraditions #HolidaySeason

TRUE or FALSE . . . Healthcare costs are one of the largest expenses most retirees will face. 💯 It is TRUE! Healthcare is often a significant and inadequately projected expense. Many people wait until retirement to understand their healthcare options, often because they’re accustomed to employer-sponsored plans. This delay can lead to inadequate savings and uncertainty about covering these significant expenses. 💡 Key Considerations, according to a 2024 study by Fidelity: • Healthcare costs continue to outpace general inflation, driven by longer lifespans, medical advancements, and increased demand. • Medicare starts at age 65, but it has gaps that necessitate considering supplemental insurance for broader coverage. • Home healthcare and nursing facilities can be costly. Strategies that anticipate extended care can help. • Documents like a medical power of attorney and living will are critical to managing healthcare decisions and letting your wishes be known. Our Take: Healthcare options are often complex and confusing, so early preparation is key. A well-structured strategy can help you remain prepared and informed throughout retirement. #RetirementStrategy #HealthcareCosts #FinancialWellness #Medicare #PersonalFinance