Greetings!
This year marks an important milestone for us as we will be celebrating our 40th year in business! Thank you all for being part of our company’s success over the past four decades. To celebrate we will be hosting an event this spring in Washington DC, for more details see the save the date below. Enjoy this quarter's newsletter!
The AFM Team
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Both the stock and bond markets rallied in the fourth quarter. Despite the rebound, this was not enough to offset losses from earlier in the year. Despite market turmoil, economic data releases showed continued economic growth to close out 2022. Read More
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SECURE ACT 2.0: WHAT THE NEW LEGISLATION COULD MEAN FOR YOU |
On December 23rd, Congress passed SECURE 2.0 as a part of the $1.7 billion omnibus bill. For working and retired Americans, it is important to know what these provisions mean and how they may impact one’s retirement and savings strategy.
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FACTORS TO CONSIDER WHEN RELOCATING TO ANNOTHER STATE IN RETIREMENT |
Alexandra Armstrong shares her personal insights on relocating to another state in retirement.
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HOW TO TEACH CHILDREN GOOD FINANCIAL HABITS |
Teaching children about money is an important part of their overall education and can set them up for financial stability and independence in the future.
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- AFM celebrated Joan's 15th anniversary with the firm!
- Sahrata Camara joined AFM as a Client Service Associate. Learn more about her here.
- Emilia welcomed her second child, Victoria!
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We are proud to announce our 40th anniversary is coming up! Please join us on April 27, 2023 at 6pm at the Cosmos Club in Washington, DC for a night of celebration!
Further details and invitations to follow.
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WHEN DO I GET MY TAX FORMS? |
For all NFS brokerage account owners, we have received the following timeline:
- 2022 tax forms will be mailed to clients in waves beginning January 21, 2023
- Most 1099 tax forms will be available online between January 21 and February 11 and the majority will be mailed by February 11, 2023
- As in past years, NFS has applied for and received a mailing extension from the IRS that will permit the generation of some non-retirement 1099 tax documents after February 11, but no later than March 4
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2023 RETIREMENT PLAN LIMITS |
Employees can contribute $22,500 to a 401(k), 403(b), 457(b) plan, or the federal government’s Thrift Savings Plan, an increase of $2,000 over the prior year. The catch-up contribution for those 50 or older also was raised to $7,500.
The IRA contribution limit also increased to $6,500, plus a $1,000 catch up for those 50 or older.
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Armstrong, Fleming & Moore, Inc.
Providing financial planning and investment advice since 1983
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Securities offered through Commonwealth Financial Network®, Member FINRA/SIPC. Fixed Insurance products and services and advisory services offered by Armstrong, Fleming & Moore, Inc., a Registered Investment Adviser, are separate and unrelated to Commonwealth.
We do not accept orders via e-mail to request, authorize, or effect the purchase or sale of a security, to send mutual fund instructions, or to effect any other transaction. Receipt of important letters, e-mails or fax messages, particularly those related to security transactions, must be verified by telephone at 202.887.8135.
This e-mail is an advertisement and you may opt out of receiving further e-mails. To opt out, please click on the Unsubscribe link below. For more information, please visit the FTC's website at www.ftc.gov
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