Koenig Investment Advisory

With the Thanksgiving holiday around the corner, we wanted to share a reminder about our office and stock market schedule. ??Our office and the market will be closed on Thanksgiving Day — Thursday, November 28, 2024. ??Our office and the market will close early at 10 a.m. PST on Friday, November 29, 2024. ??The stock market will resume its normal schedule and hours on Monday, December 2, 2024. Wishing you all a Happy Thanksgiving!

As the holiday season approaches, we want to remind everyone about the importance of charitable giving and its tax benefits. Donations to qualified organizations must be made by December 31, 2024, to qualify for a deduction on your 2024 tax return. Here are some key points to keep in mind as you prepare your charitable giving: ?Contributions must go to qualified charitable organizations. ?Keep proper documentation for your tax records. ?Be aware of deduction limits: generally, cash contributions up to 60% of your AGI and non-cash contributions up to 50% of your AGI. Thoughtful planning can maximize the impact of your donations while also providing tax benefits. If you have questions or need assistance with your charitable giving strategy, please reach out to our team. We're here to help!

Daylight Saving Time ends on Sunday, November 3, 2024, at 2:00 a.m.! Don't forget to set your clocks back and enjoy that extra hour of sleep! ??

Happy National Financial Planning Month! We want to take this opportunity to thank our amazing client family for trusting us with your financial planning needs. Your confidence in us means the world, and we’re honored to help you achieve your financial goals. As always, we're here for you. Whether you have questions, need advice, or just want to chat about your financial future, don’t hesitate to reach out. Here's to a month of thoughtful planning and continued success!

Our office will be closed on Thursday, July 4th, 2024, in observance of the Independence Day holiday.

The IRS has increased the health savings account (HSA) contribution limit for 2025 to $4,300 for self-only coverage, and $8,550 for family plans. You must have an eligible high-deductible health insurance plan to qualify for contributions. HSAs offer a triple tax advantage. Contributions are tax deductible, earnings are tax free, and there is no tax on distributions if used to pay for qualified medical expenses. #HSA

Giving to causes you care about not only supports impactful organizations but also brings financial and estate benefits. Swipe through to explore smart ways to enhance your charitable giving! From donating appreciated assets to strategic timing with donor-advised funds, there are many paths to impactful generosity. We encourage you to consult a qualified professional to understand how these strategies fit with your plan.

As we dive into 2024, it's a great opportunity to reflect on the twists and turns of 2023 that could warrant a retirement plan review ?? Here's a quick checklist to ensure your plan accurately mirrors your current situation: ?? Life Changes - Significant life changes, such as marriage, divorce, the arrival of a new family member, or alterations in your income, can have a profound impact on your financial goals. It's essential to assess your retirement plan and make any necessary adjustments to align it with your evolving circumstances. ?? Risk Tolerance Shifts - Different stages of life bring different levels of risk tolerance, and changes in goals may cause changes to your risk tolerance as well. With that in mind, it’s a good idea to regularly evaluate your risk tolerance in relation to your retirement plan. ?? Tax Considerations: Tax laws can undergo annual modifications, influencing the financial aspects of your retirement plan. If your financial situation has evolved, these changes may have a notable impact on your overall retirement strategy. This checklist provides a general overview, but we’re here to offer personalized guidance.

Wishing all of you a Happy New Year filled with joy, success, and endless opportunities ?? We love a fresh start and a chance to set new goals! What are you looking forward to in 2024?