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March 2023

Hello Marion,

The birds and the greenery are slowly returning, bringing the sun and the warmer weather along with them and they aren’t the only ones that are starting to venture back into the outdoors. You may notice your neighbors and your community have also been given a new life. Especially now that they are able to go back outside without the concern of a blustery wind.

This March, we are focusing on encouraging our community through giving. Similar to how the warmth of the sun encourages the small shoots of grass and the blooming of flowers, you can also encourage your neighbors and their families by giving your own warmth through gifting.

There are so many good opportunities for giving, especially in your community! Once you have reached 70.5 years of age, you are eligible to make a Qualified Charitable Distribution to a charity of your choice, straight from your IRA. More information can be found below of what that can look like.

So spread the warmth this coming Spring! We look forward to coming alongside you in support! 

The Financial Steward Associates Team

“Caring has the gift of making the ordinary special" - George R. Bach

News and Events - March

Issue #124

Important Updates:

Secure Act 2.0: The SECURE 2.0 Act was passed at the end of 2022. There were several key provisions that may affect you. One major change is for those of you who may be bumping up against the IRS requirement to take mandatory distributions (RMDs) from your IRAs and retirement plans. The Act raised the RMD age to 73 starting January 1, 2023. So only people who turn 73 this year will be required to withdraw RMDs.

Important Dates:

April 7th: Office Closed for Good Friday

Baroque Chamber Orchestra - Virtual Event: April 17th

More information to come

Weekly Commentary

Weekly Market Commentary:

Wading Through Financial Stability Risks: An Action Plan

LPL Market Signals Podcast:

Ongoing Bank Stress: Who's to Blame?

Street View:

Constructions and Homebuilders: Economic Trends Developing in the Real Estate Space

Qualified Charitable Distributions

Once you reach age 70.5 you're eligible to make Qualified Charitable Distributions from your IRA. Qualified Charitable Distributions are donations to an eligible charity directly from your IRA account. Qualified Charitable Distributions count toward your Required Minimum Distribution (RMD) amount. In some cases, making donations directly from your IRA may save you money on taxes while also fulfilling your charitable intentions.

If you're interested in making Charitable Distributions from your IRA and you're unsure if it's appropriate for your situation, please speak with one of our advisors to help determine if it makes sense for your situation.

Qualified Charitable Donations must come directly from your IRA account. FSA is able to process up to eight requests per year, for donations of $1,000 or more. We ask that you inform us of your intent to donate from your IRA as soon as possible. We are able to take donation requests up until October 15th to ensure they're processed by the end of the year. Please be aware that some accounts have automatic Required Minimum Distributions set up throughout the year. If your IRA has automatic distributions set up, your deadline to donate your RMD may occur earlier in the year.  

Please contact our office for guidance on your specific situation.

If you have questions or requests and aren't quite sure who to reach out to, here is an updated list of who can be of service to you. Just click on our name to send us an email!

Marion Steward, CFP®

with questions about your investments and Financial Planning requests

Heather Williams, CFP®

with questions about your investments and Financial Planning requests

Lauren Soderholm

to schedule an appointment or get answers on general information and special events 

Sid Smith

to pass on Financial Planning requests and meeting follow ups with an advisor

Harmony Dunnick 

for opening new accounts and facilitating account transfers, coordinating contributions and withdrawals, and scheduling Financial Reviews

Stephanie Deon

for opening new accounts and facilitating account transfers, coordinating contributions and withdrawals, and scheduling Financial Reviews

Don't forget we also have a general email box.

The Benefits of Being Kind

Studies show it really can be "better to give than to receive.

If you’ve received a cup of coffee or a fast-food meal that was paid for by the driver ahead of you in a drive-through line, you know that random acts of kindness can make you smile and improve your day.

What you may not know is that the person who paid for your smile also benefitted—perhaps even more than you did. Kindness—whether a random act or not—has been shown to: increase self-esteem, empathy, and compassion; improve moods and relationships; and decrease anxiety and stress, according to the Mayo Clinic.1 Kindness can also increase and improve your connections with others, which can boost your mood and reduce loneliness or feelings of isolation. 

Being kind raises the good, lowers the bad. The Random Acts of Kindness Foundation reports that engaging in acts of kindness offers the following benefits:2

Read More



Important Disclosures

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. This material was prepared by LPL Financial.

Securities and advisory services offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).

Insurance products are offered through LPL or its licensed affiliates. To the extent you are receiving investment advice from a separately registered independent investment advisor that is not an LPL Financial affiliate, please note LPL Financial makes no representation with respect to such entity.

Not Insured by FDIC/NCUA or Any Other Government Agency Not Bank/Credit Union Guaranteed Not Bank/Credit Union Deposits or Obligations May Lose Value

Financial Steward Associates


fax 303-444-6049

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Jackson, Lincoln Financial, Pacific Life, Prudential, Financial Steward Associates and LPL Financial are separate entities.

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Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Financial Steward Associates, a registered investment advisor and separate entity from LPL Financial.

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