Which is Worse, the Sickness or the Cure?
As of Monday, March 15, 2020, this is our view on the shock-waves caused by the Coronavirus.
The Coronavirus has impacted the world much more than previous diseases. Having said that, we do believe sometime later in the year, life should return to normal and the Coronavirus concerns will have subsided.
Our latest blog post takes a look at these factors and where do we think things go from here.
Time to Review Your Retirement Plan Contribution
It's a new year! Did you know your retirement plan contribution limits are changing in 2020?
The IRS announced that the maximum contribution limits are rising in 2020 for some retirement accounts.
- Traditional IRA annual maximum contribution limit stays at $6,000.
- 401k annual maximum contribution limit increases from $19,000 to $19,500.
- The Catch-up Provision for people 50 and over is $1,000 for IRAs and $6,500 for 401ks and other employer plans.
- The annual income limits to be eligible to contribute pretax to a Traditional IRA and post-tax to a Roth IRA also changed.
Download our Retirement Plan Contribution Chart and contact your advisor to discuss.
Every Month Should be Women's Month
We have many clients who are Professional Women. These women have built successful careers. Some of these women are single, some are married and have children.
We start by understanding the goals and challenges that are unique to each person and building a comprehensive financial plan to help you achieve your goals.
Our team of 8 includes 6 women that understand the issues you face and are ready to help you.
Social Security Seminar
In February, we delivered our Financial Journey Partners Social Security Seminar at our office in San Jose.
Thanks to our clients and Jennifer Taboada, Vice President at BlackRock, who presented so many important points and led a great discussion with clients.
Visit our Social Security Resource page and be sure to contact us with your questions at any time.
Sign Up for our eMoney Best Practice Tips
In our annual survey our clients told us they wanted to have more information on their personal Client Portal. We want you to master the portal too.
We will be sending eMoney Best Practice tips monthly to those interested.
Contact us to join our eMoney tips email distribution list.
Have questions now or need help getting access? Give Jennifer a call at 408-963-2884 and she can help you through it.
Client Appreciation Party!
Thank you to all that joined us for a fun night at the Clos LaChance Winery in San Martin, for our Client Appreciation Party!
We hope you enjoyed yourselves as much as we did! Our professional photos are now available!
We really enjoy being your partner on your financial journey.
Enjoying the Journey Newsletter
The January 2020 edition of the Enjoying The Journey Newsletter is Here! In this edition of our newsletter you will learn about:
- Stock Market Update
- 2020 Events Calendar - Save the Dates and RSVP!
- Results of our Annual Client Survey
- Retirement Plan Rules and Limits Changes
- SECURE Act Passes into law
- eMoney Best Practice Tip: Establish your Monthly Budget Quickly
If there is anything we can do to help you, please call at 408-963-2858, or your advisor Elaine, Scott or Linda, or anyone on the Financial Journey team directly.
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Clients of Financial Journey Partners have access to a personal financial website that allows them to manage their financial accounts, budgets and plans as well as utilize the secure vault to organize important documents and share with trusted partners.
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Cyber security a top priority for Financial Journey Partners and that’s why we employ advanced security protocols on your personal financial website to safeguard your information and provide a reliable tool our clients can trust.
