Doug Gower - Financial Planner
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Experienced financial planner who brings clarity and focus at all stages of your financial journey How does my portfolio align with my goals and risk tolerance?
05/08/2024
📢Join me on Wednesday, May 15th at 6:30 for the "Investing Fundamentals" webinar. You'll learn basic knowledge to give you the confidence to invest according to your targets and risk tolerance. Looking forward to seeing you there!
👇RSVP link below in the comments
🌟 Did you know? 🌟
Individuals aged 70 ½ or older might have a tax-saving opportunity through Qualified Charitable Distributions (QCDs)! 💰
A QCD allows you to exclude up to $100,000 from your income annually by making a direct payment from your IRA to a qualified charity. 🎁
This distribution cannot be paid to you as the IRA owner, and it must happen when you're at least 70½ years old. Moreover, a QCD can count toward your required minimum distribution for the year.
Here's the perk: A QCD won't impact your income, and it's tax-free when directly paid from your IRA to an eligible charitable organization. Plus, it's available regardless of whether you itemize deductions on Schedule A.
A QCD may be a tax-efficient way to support causes close to your heart this holiday season, while potentially reducing your taxable income. Win-win! 🚀
12/21/2023
🚨 Why Emergency Savings Are Crucial 🚨
Emergencies don't come with a warning, but being prepared can make all the difference. LendingTree's latest survey dives deep into the importance of emergency savings. According to the findings, an alarming percentage of Americans lack adequate funds for unexpected financial crises.
🔍 Key Takeaways:
Car repairs are the #1 unexpected expense that individuals couldn't cover
61% of Gen Z and 56% of women couldn't cover $1,000 emergency expense
💡 What You Can Do:
Build an emergency fund: Start small and make it a habit.
Explore debt consolidation options: Simplify payments and save more effectively.
Work with a Financial Planner to build a strong financial foundation
https://www.lendingtree.com/debt-consolidation/emergency-savings-survey/?fbclid=IwAR1WwHzKOQ4IgnUzUf7KdHoYytcEVzI8AS4Tvl2bKFYNLTG1LZ4lFeqGrbI
49% of Americans Can’t Afford a $1,000 Emergency | LendingTree If a $1,000 financial emergency hit your household tomorrow, would you be prepared? The answer for about half of Americans is no.
02/27/2023
Use this "rule of thumb" to estimate how much you need to start saving now to reach your future financial goals! Need some help calculating? Give me a call! ☎️
Rule of Thumb for Average Stock Market Return The average annual market return is around 10% and can help you figure what your long-term investments might amount to. But it’s not always the best benchmark to use.
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One West Boylston Street
Worcester, MA
01605
