As we begin 2024, we are welcomed with the fresh beginnings of a New Year. While a clean slate is often appreciated, the new slate also offers changes, adjustments, and unknowns. For Q1 of 2024, the PB FAM Private Wealth team will be providing bi-weekly updates focused on changes, strategies, and updates that may be impactful for you, your family, and your business. The first article in this series focuses on key adjustments and changes in the core financial planning landscape for 2024.
Click the link below to view and download the full document. Please reach out to the team if you have any questions.
Educational Brief: 2024 Changes to Core Financial Planning
Important Information:
Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other
state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified
tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your
tax advisor before investing.
A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of
earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations
and restrictions may apply.
The opinions voiced in this article are for general information only and are not intended to provide specific advice or recommendations for any
individual.
PB Fam Private Wealth and LPL Financial do not offer tax or legal advice or services.
Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC