February 2023 Living Well

In Case You Missed It: Wealth IQ

2022 was a challenging environment for financial markets, making the overexuberance investors enjoyed in 2021 feel like a distant memory.

We believe some of the pain investors experienced last year can be attributed to consumer behavior and monetary policy changes in the period following the 2008 Great Recession. Some of these residual effects, coupled with tight labor conditions, could continue to influence economic growth, which has recently been moderating.

Current favorable inflation trends may also provide a path to lower inflation rates this year than are currently expected.

What You Need to know About the Nanny Tax

Have you ever hired someone to help around the house or to watch your children? Does this person come to your house on a regular, recurring basis and take instructions from you about the work that needs to be done? If so, you may have a household employee and be required to pay the “nanny tax."

This blog post will provide guidance on the types of taxes involved, how to pay them, who can help, and whether there are any tax benefits for you.

Are You Making the Most Out of Your 401(k) Match?

Properly maximizing your employer match can lead to more money in your pocket for retirement. Many don't realize that employers are held to 401(k) contribution limits by the IRS if they offer matching. Failing to account for these limits can be costly.?

Learn more about strategizing and timing your retirement plan contributions.

Re-introducing our staff spotlight! Each issue of Living Well will spotlight a different Marshall team member so you can learn a bit more about them. This month, Marketing Associate?Devon Radkins?is celebrating six years at Marshall.

Hello! I'm Devon and I handle strategic marketing for Marshall, while also working as a Client Care Specialist on several accounts. I help oversee the production of online resources (like these emails!) and marketing collateral. I also plan all the events hosted by the firm - stay tuned for more information coming later in the year!

I live locally in Bucks County with my husband and two kids. When I'm not "mom-ing" I enjoy reading, yoga,?and trying out new restaurants in the area. Last year I also picked up running and I just recently completed a 10k in Disney World.

Disclosure:?Marshall Financial Group, Inc (“Marshall Financial”) is an SEC-registered investment adviser with its principal place of business in Doylestown, Pennsylvania.?This newsletter is limited to the dissemination of general information pertaining to Marshall Financial Group’s investment advisory services. Investing involves risk, including risk of loss. References to market indices are included for informational purposes only as it is not possible to directly invest in an index. The historical performance results of an index do not reflect the deduction of transaction, custodial, and management fees, which would decrease performance results. It should not be assumed that your account performance or the volatility of any securities held in your account will correspond directly to any comparative benchmark index. This newsletter contains certain forward‐looking statements (which may be signaled by words such as “believe,” “expect” or “anticipate”) which indicate future possibilities. Due to known and unknown risks, other uncertainties and factors, actual results may differ materially from the expectations portrayed in such forward‐looking statements. As such, there is no guarantee that the views and opinions expressed in this letter will come to pass. Additionally, this newsletter contains information derived from third party sources. Although we believe these sources to be reliable, we make no representations as to the accuracy of any information prepared by any unaffiliated third party incorporated herein, and take no responsibility, therefore. For additional information about Marshall Financial, please request our disclosure brochure as set forth on Form ADV using the contact information set forth herein, or refer to the Investment Adviser Public Disclosure web site (www.adviserinfo.sec.gov). Please read the disclosure statement carefully.?