National Social Security Fund’s Post

The recent $5 million allocated to the Michigan CDFI Fund in the FY2025 budget opens up the opportunity for CDFIs to make a significant impact on Michigan's communities. Here’s what CDFI funding will look like in the upcoming year! #MICDFI #CDFI #SmallBusiness #BusinessFunding

Planning strategies to consider before 5 April 2024: Junior ISA (JISA). In the same vein as the ISA suggestions, children are entitled to a Junior ISA (JISA) allowance of £9,000 per annum.  Consider funding a JISA to give your children a nest egg when they turn 18.  If the child has a Child Trust Fund (CTF) you must transfer the funds within the CTF to a JISA before you are able to invest in the JISA. To find out more about planning strategies please read our online leaflet: https://lnkd.in/eCBztufM

Out with the old, in with the new! LCEF’s new All Access Account® is designed to make financial management easier and more purposeful, offering you more flexibility and control over your investments. With 24/7 access, competitive interest rates and no monthly fees, it’s time to upgrade! MORE ▶️ https://lnkd.in/gNNzyRjT -- LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks. StewardAccount products are not available to investors in South Carolina. StewardAccount access features are offered through UMB Bank n.a. All Access Account is known as “StewardAccount” for investors in Washington.

Trust Strategies for HNW Individuals ... There are various range of trust types, such as discretionary, bare trusts and charitable trusts, which can be tailored to an individual needs. In IHT planning, you can leverage trusts for the balance of estate planning, asset protection, and tax efficiency. Pros: 1.      Estate planning: Trusts offer effective tools for preserving and distributing wealth across generations. 2.      Asset protection: Shield assets from legal claims or creditors through strategic trust arrangements. 3.      Tax efficiency: Utilise trusts to manage inheritance tax and capital gains tax implications, strategically distributing the assets to beneficiaries. Cons: 1.      Complexity: Setting up and managing trusts can involve intricate legal and financial processes. 2.      Costs involved: Establishing and maintaining trusts will have associated fees. 3.      Legal implications: Requires adherence to specific legal frameworks and ongoing compliance. Trusts can be incredibly advantageous in certain situations, such as estate planning and asset protection. However, if they are not established correctly or are not suited to the specific planning needs, they can end up becoming a burden instead of a benefit. It is important to carefully assess your situation and seek professional advice before setting up a trust. Share your insights into trust strategies below! #trusts #financialplanning #trustsandestates

Medical expenses don’t have to be a financial burden. With an LCEF Health Savings Account, you can enjoy triple tax benefits and stay prepared for the future. LEARN MORE ▶️ lcef.org/hsa -- LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks. Neither LCEF nor its representatives give legal, accounting or tax advice. Consult your tax advisor as to the applicability of this information to your own situation. UMB Bank n.a. serves as the custodian for the LCEF IRA/HSA programs.

Do you need better oversight of all your LPAs and their terms? Get increased transparency and management oversight of all your Limited Partnership Agreements and terms, reducing risk of errors and compounded inaccuracies. Model, track, report, and distribute while controlling clawbacks, costs, and performance. ➡️ https://lnkd.in/es9bXHTt #fundfees #privatemarkets #privateequity #lpa #limitedpartners

ICYMI: LCEF’s new All Access Account is here! Manage your daily transactions seamlessly while continuing to support the Lord’s work and enjoying these benefits: 1️⃣ Competitive interest rates 2️⃣ Convenient, secure access 24/7 3️⃣ Support LCMS ministries 4️⃣ No fees 5️⃣ Unlimited check writing 6️⃣ Live customer service, M-F, 7 a.m. to 5 p.m. (CT) Learn more ▶️ https://lnkd.in/gNNzyRjT -- LCEF is a nonprofit religious organization; therefore, LCEF investments are not FDIC-insured bank deposit accounts. This is not an offer to sell investments, nor a solicitation to buy. LCEF will offer and sell its securities only in states where authorized. The offer is made solely by LCEF’s Offering Circular. Investors should carefully read the Offering Circular, which more fully describes associated risks. StewardAccount products are not available to investors in South Carolina. StewardAccount access features are offered through UMB Bank n.a. All Access Account is known as “StewardAccount” for investors in Washington.

Recently, we have had lots of chats with candidates considering the SJP Financial Adviser Academy. With so many opinions in the financial press and on social media, it can be hard to sort the wheat from the chaff! But, you can rely on the BTS team to dig a little deeper and ask those difficult questions. For some, the question has been 'do I want to join a restricted or an independent firm?'. For others, it has been a more complex decision (it is never that simple!). In this article, we asked SJP Financial Adviser Academy some of those tricky questions including... ➡ SJP’s share price fell 30% after announcing the redress, so is it a good time to join? ➡ SJP fund performance appears to be poor, what do you have to say about that? ➡ I have read about SJP’s financial advisers being ‘tied’ into SJP through high levels of debt, making it extremely difficult for them to leave. Is this true? #SJP #BTS #CareersZone

While monetary contributions do have toilsome substantiation requirements, non-cash contributions, especially those in excess of $5,000, have particularly onerous requirements and have been subject to consistent scrutiny by the IRS. Learn more in this article from FORVIS Private Client.

While monetary contributions do have toilsome substantiation requirements, non-cash contributions, especially those in excess of $5,000, have particularly onerous requirements and have been subject to consistent scrutiny by the IRS. Learn more in this article from FORVIS Private Client.