Olistico Wealth

When was the last time you checked on your retirement contributions for the year? Here are some things to be looking at while you review your retirement plan: 1️⃣ Contribution Limits: For 2024, you can contribute up to $23,000 to most company retirement plans. 2️⃣ Catch-Up Contributions: If you’re 50 or older, you can contribute an additional $7,500. 3️⃣ Understand Employer Matches: Don’t miss out on employer matches. Some consider the employer match to a retirement plan a key part of an overall compensation package. 4️⃣ Required Minimum Distributions (RMDs): If you’re 73 or older, remember to follow your RMD guidelines. 5️⃣ What about a Roth IRA? To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner’s death. The original Roth IRA owner is not required to take minimum annual withdrawals. It is important to take the time to review your retirement accounts—it can make a big difference in the long run. If you have any questions, we are always here to help! #RetirementStrategy #YearEndReview #OlisticoWealth

Stocks edged lower in October amid pre-election jitters and solid Q3 earnings reports, while investors kept a close eye on economic data pointing to a potential "soft landing." #Elections2024 #StockMarket #CorporateEarnings https://lnkd.in/gtjv2DyQ

Do you think your tax rate will be higher in the future? Look at this chart by YCharts showing the historical tax rates for the lowest and highest tax brackets. For the highest bracket, the historical average (not the high) is 57.69%, although we are currently at 37%. Some believe that taxes may increase in the future. Here are the facts: ◾ Higher tax rates may be part of any proposed solution to the current U.S. deficit. ◾ The time to manage your taxes is when you understand the current rates. Every person’s situation is unique, but as we approach year-end, a Roth IRA conversion for a portion of your retirement portfolio may be a strategy to explore a bit more. A Roth IRA must meet a 5-year holding rule and occur after age 59 1⁄2 for the tax-free and penalty-free withdrawal of earnings. Tax-free and penalty-free withdrawals can also be taken under certain circumstances, such as the owner’s death. The original Roth IRA owner is not required to take minimum annual withdrawals. This post is for informational purposes only and is not a replacement for real-life advice, so make sure to consult a tax professional before moving forward. #RothConversion #RothIRA #OlisticoWealth

Q3 saw a Fed-fueled rally, but what's next? Our Quarterly Market Insights for October explores the latest economic indicators and what investors may be talking about in Q4. #InterestRates #StockMarket #FederalReserve https://lnkd.in/gg8qeuJ4

Did you know that economic trends tend to have a more consistent relationship with market performance than who wins in November? As we approach the 2024 election, here's what you need to consider: 1️⃣ As the chart shows, who sits in the Oval Office is only one factor in stock prices 2️⃣ The stock market has fluctuated under the leadership of both parties 3️⃣ The overall economic conditions tend to have an influence on the business environment Our take: Be prepared for some volatility as the election approaches. But don't let short-term price swings distract you from your long-term financial goals. #Election2024 #Financial #InvestmentStrategy #TaxPolicy

Yesterday, our team had the privilege of sponsoring lunch for the second year in a row for the First Tee of Tulsa Golf Tournament, held at Southern Hills Country Club. Did you know that since its inception, 150,000 Tulsa-area students have completed the First Tee program? First Tee enables kids to build the strength of character that empowers them through a lifetime of new challenges. By seamlessly integrating the game of golf with a life skills curriculum, First Tee creates active learning experiences that build inner strength, self-confidence, and resilience that kids can carry to everything they do. We are very proud to support this incredible program. To get involved, please visit: https://lnkd.in/gTcjnk6x

Our office is designed to encourage collaboration, resulting in better communication and greater client service. Our goal is to combine our talents & abilities to provide our clients with a well-informed, robust advisory team. Learn more about our approach at https://lnkd.in/g8R7P8xk #OlisticoWealth #WealthManagement #SecureYourFuture

Stocks notched modest gains in August, helping investors forget a volatile month of trading, punctuated by upbeat comments by Fed officials about interest rates. #InterestRates #StockMarket #FederalReserve https://lnkd.in/gJs982-g

Football season is almost here, and we are excited for the great games and cooler weather! Just like in football, investing is all about strategy, risk management, and aiming for the end zone. Whether you’re drafting your fantasy team or building your investment portfolio, it's important to have a solid game plan. We're here to help you navigate the complexities of wealth management with the same precision and focus as a championship-winning coach. Let's connect to discuss your financial playbook and develop a winning strategy. #footballseason #investing #wealthmanagement #OlisticoWealth