Issue #136

News and Events

Updates:

LPL Market Research

Reminders:

FSA Contact Information
Tax Deadline

Spotlight:

Tax Deadline Reminders
Special Feature: Qualified Charitable Distributions

Important Dates:

Annual Open House & Shredding Event - June 22nd

Hello Marion,

Springtime weather can feel unpredictable. While one minute it's sunny and warm, it doesn't take much for it to make a quick shift into a downpour and next thing you know, you’re caught in the rain without an umbrella. If you’re not informed about what may come next, navigating the frequent weather changes in springtime can feel impossible and leave you feeling unprepared for what is on the horizon. Similarly, investors may feel lost trying to navigate the market’s shifting dynamics on their own.

However, just as you can use a weather forecast to plan your outfit for the day, we aim to provide you with the knowledge you need to make informed decisions amidst changing market conditions. In this edition, you will find educational articles and insights on emerging trends in the market, as well as information on upcoming tax deadlines. Come along with us as we "Prepare the umbrella before it rains," as the Malay proverb goes.

Financial Steward Associates

Tax Deadline Reminder:

Stay ahead of the curve by marking your calendar with the crucial tax deadlines approaching on the horizon. Be sure to keep these key dates in mind to ensure a seamless filing process:

Individual Income Tax Returns (Form 1040): The deadline is usually April 15th. If April 15th falls on a weekend or holiday, the deadline is extended to the next business day.

LPL mails 1099 Consolidated Tax Statements to our clients between January and March on a weekly basis. LPL does this to minimize the need to file corrected tax forms. You can view copies of all tax forms by accessing your Account View.

Estimated Quarterly Tax Payments: For those who make quarterly estimated tax payments, the due dates are generally April 15th, June 15th, September 15th, and January 15th of the following year.

The IRS requires Tax Filing Extension Requests to be submitted on or before April 15, 2024, to approve the taxpayer for six additional months to file – with an extended deadline of October 15, 2024. Although an extension grants extra time to file, it does not extend the obligation to pay taxes due on April 15, 2024.

Not sure how or where to view your tax documents?

You have two options for receiving tax documents: in the mail, or through our paperless option (eDelivery). Those who have opted in for eDelivery, can simply login to Account View with the appropriate credentials and view their tax documents.

Ready to make the switch to paperless with LPL? Get the details about going paperless.

LPL Market Research

Fixed Income: Down but Not Out

Weekly Market Commentary:

Navigating the Strategic Investment Landscape: The Differences

Market Signals

Podcast:

Initial Public Offerings (IPO) Activity as a Market Signal

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.

Who To Contact

Marion Steward, CFP®

with questions about your investments and Financial Planning requests

Heather Williams, CFP®

with questions about your investments and Financial Planning requests

Mo Moosavi

to answers on general information and our 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

Alex Dunnick

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.

financial.steward@lpl.com

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.

The information contained in this e-mail message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete.

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Financial Steward Associates

303-444-5440

fax 303-444-6049

www.financialstewardassociates.com

financial.steward@lpl.com

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