Covenant Wealth Strategies

Key year-end deadlines are quickly approaching for those who are subject to Required Minimum Distribution (RMD) and for those who are charitably inclined. Here’s what to know: ?? RMD applies to those age 73+ or some beneficiaries of inherited IRAs. ?? RMD is the amount of money that must be taken out of an individual’s retirement account each year so that the IRS can collect tax on these monies, which have been growing tax deferred. ?? The RMD amount is based on your account balance and life expectancy. ?? Missed RMD come with steep penalties! Did you know that you can also satisfy your RMD and accomplish your charitable giving through QCDs and gifting of appreciated securities? Looking to make a greater impact with your giving? Consider: ?? Qualified Charitable Distributions (QCDs): Donate directly from your IRA to a charity tax-free, potentially reducing your tax liability. ?? Gifting Appreciated Securities: Donate stocks or investments to support causes you care about while avoiding capital gains taxes. Let’s make your giving strategy as meaningful and tax-efficient as possible. Reach out to us with questions and read more in our latest communication. https://lnkd.in/ggQ4jwAA #CharitableGiving #RMDs #TaxPlanning #QCD

Back by popular demand, jazz musician, Wayne James will be performing at our Jazzy Christmas event at our office on Tuesday, December 10th from 6 - 8 pm ET. Wayne brings over 30 years of experience performing globally as a vocalist, pianist and trumpeter. We hope you can join us for a fun evening filled with great appetizers, decorations, company and entertainment! You won’t want to miss this event! Register early! https://lnkd.in/eKNdSsn2

On November 11th, we honor the bravery and sacrifices of those who have served America in the armed forces. It is also a time to appreciate the commitment of our active military personnel and their dedicated families. Winston Churchill once said, "We make a living by what we get, but we make a life by what we give." This sentiment is particularly poignant as we express our gratitude to those who have given so much for our nation. Their unwavering dedication to service and sacrifice serves as a reminder to us all that the greatest rewards in life often come from giving, not receiving. On behalf of our team at Covenant Wealth Strategies, we would like to thank the brave men and women who have and are protecting our country. We are enduringly grateful for their service. Please take a moment this Veterans Day to honor, thank and remember those veterans you know and have known. Their service has protected our country and the freedoms that we enjoy.

Covenant was honored to have recently been in New York City for the LPL Summit Qualifiers study group, a gathering of financial advisors among the top 0.5% with LPL. Meeting 2-3 times a year, we share best practices, gain inspiration from exceptional speakers, and connect with LPL home office leadership. This session was particularly memorable as we had the privilege of standing on the floor of the New York Stock Exchange to witness the ringing of the opening bell.?#LPL #NYSE #Covenantwealthstrategies Thank you Alger, May Poon, CIMA?, MFS Investment Management, Suzanne Crouch, Craig LoConte CFP?, CIMA?, LPL Financial, Ryan McClain for making this event possible! We greatly appreciate your support and encouragement!

This morning, Ward and Michelle from our team had the privilege of being on the floor of the New York Stock Exchange to witness the ringing of the opening bell. Experiencing the energy and legacy of the NYSE firsthand was truly inspiring. Moments like these remind us of the important role we play in helping our clients navigate the markets. #NYSE #BellRinging #FinancialAdvisory #covenantwealthstrategies

We had a fantastic time attending the job fair at Messiah University and speaking with their student run Investment Club! The future of financial planning is in great hands with these impressive young professionals! Thank you Dwayne Safer and Messiah Investment Club / Fund for the warm welcome!? #FutureAdvisors #FinancialPlanning #MessiahUniversity #messiah_career

Covenant Wealth Strategies is very excited to announce our newest team member! Please join us in welcoming Kyle Smith to the team! Kyle joined Covenant in September as an Investment Assistant. He is responsible for supporting our investment research and trade operations with the goal of safeguarding and growing our client's wealth. Prior to joining Covenant, Kyle worked for a leading FINTECH wealth management firm that provides software services to financial advisors. He was part of a trading team that was responsible for overseeing 1.9 million accounts and over $500 billion in assets under management. Kyle is excited to apply his specialized knowledge and professional background to help make a tangible difference in the lives of those around him. "Each client has unique aspirations, and I believe that investing is a powerful tool to help them meet those goals, " says Kyle. While supporting our growth at Covenant, Kyle will also be pursuing his Chartered Financial Analyst (CFA) designation to deepen his understanding and value that he can directly contribute to our clients and team. Kyle's degree is in Finance from West Chester University. He graduated in 2019 and was on the Dean's List. In his free time, he enjoys spending summers in Ocean City, NJ, with his grandparents. He also enjoys snowboarding in the winter with his girlfriend, Taylor and exploring unique ski resorts across the country. You can read more about Kyle here - https://lnkd.in/gRRPcUE8

The S&P 500 bull market recently turned two years, clocking in with an impressive 63% two-year gain (excluding dividends)! On October 12, 2022, market sentiment was low when the S&P 500 closed at 3,577.03 and inflation was still running hot even though the Federal Reserve (Fed) began its rate-hiking campaign earlier in the year. As we have shared in the past, when market volatility occurs, it is a natural response to want to sell in an effort to stop the losses. However, "buying the dip" and staying invested is often a better strategy in the midst of market pullbacks for investors with a long-term time horizon. Read more in our recent timely and relevant communication - https://lnkd.in/grFcVjtv

Medicare open enrollment is from October 15th - December 7th this year for coverage in 2025. If you - or a loved one - are age 65 or over and are subject to Medicare, there are significant changes taking place with Medicare that could impact you, including changes to Part D Coverage. We've compiled a number of relevant Medicare resources on one page to outline the significant changes to Medicare this year and to help you understand your options. Contact our office (302.234.5655) with your questions. https://lnkd.in/eRtdBPjW

Compassion and unity shine brightest during times of challenge and need. In honor of our clients, and with a deep sense of gratitude for the abundance we’ve been blessed with, our team and their families at Covenant Wealth Strategies have collectively donated to Convoy of Hope and Samaritan’s Purse to support relief efforts associated with Hurricane Helene and Milton. These organizations are dedicated to providing immediate relief, essential supplies, and support for the rebuilding efforts in the affected communities. Our contributions reflect our commitment to wise stewardship and compassionate action. We thank you for the confidence you place in us, which enables us to make a meaningful impact when it’s needed most. It’s our privilege to use our resources to bring hope and aid to those facing difficult times.