Greetings!
This quarter we kick things off with part two of Alexandra Armstrong's series on selecting a retirement community, with a focus on the financial implications of this decision. We also discuss the recent changes to the student loan forgiveness plan, and a unique strategy for anyone with employer stock in a retirement plan. Thank you, as always, for being with us!
The AFM Team
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Equity markets saw widespread declines in September, wiping out gains from earlier in the quarter and bringing the major indices to their lowest closing levels for the year. These losses came despite improving fundamentals. Rising interest rates pressured equity valuations throughout the quarter and served as the primary reason for the sell-off. Read more
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FINANCIAL ASPECTS OF SELECTING A RETIREMENT COMMUNITY |
Alexandra Armstrong shares her personal insights about the financial aspects of selecting the right retirement community.
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STUDENT LOANS - LOAN FORGIVENESS & OTHER BENEFITS |
President Biden’s announcement that a portion of federal loans could be forgiven could be a welcome relief. While the legality of the plan is currently being challenged, you should still apply to avoid missing out if you are eligible.
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NET UNREALIZED APPRECIATION: THE BENEFIT OF OWNING COMPANY STOCK IN AN EMPLOYER-SPONSORED RETIREMENT PLAN |
Do you own employer stock in your retirement plan? If so, there's a unique tax savings strategy available to you.
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- Mary celebrated 20 years at Armstrong, Fleming & Moore!
- Nicolette passed the CFP® exam
- Sumedha passed the CRPC® exam
- Zak passed the Series 7 exam
- Nicolette and Emilia attended the Fourth Annual Commonwealth Financial Network Summit for Women Advisors
- Carl, John, Nicolette, Zak, Alex and Elizabeth participated in the DC Half Marathon
- Ryan, Carl and John played in the 42nd Annual Boy Scout Golf Classic
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Are you planning on making gifts to family or charitable donations from your investments by year-end? If so, please let us know as soon as possible, so that we can help you make these gifts in a timely fashion. The annual limit for non-charitable gifts is $16,000. |
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REMINDER: MEDICARE PART D OPEN ENROLLMENT 10/15 - 12/7 |
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Medicare Part D plans routinely change their coverage and pricing each year, so it is important to take a fresh look now at your existing coverage, and the options available to you for next year. The best tool for shopping Medicare plans is the Medicare Plan Finder, on the official Medicare website.
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HAVE A CHILD IN COLLEGE? DON'T FORGET TO FILL OUT A FAFSA |
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For the 2023-2024 school year, the FAFSA can be filed as early as October 1, 2022. Whether you have a senior in high school or a returning college student, it's a good idea to file the FAFSA as early as possible to increase your child's chances of getting financial aid, The form is available online at studentaid.gov. |
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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.
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