FINANCIAL STRATEGIES NEWSLETTER

FOURTH QUARTER 2025

Greetings!

The start of a new year brings both opportunity and uncertainty, making thoughtful planning more important than ever. In our latest update, we share some market insights along with planning strategies designed to help you navigate distributions from inherited retirement accounts and manage health care costs in retirement with confidence. If anything in this update sparks questions, please don’t hesitate to reach out—we’re happy to help.

The AFM Team

MARKET NAVIGATOR

Although markets were a bit quiet at the end of the year, 2025 was still a strong year overall for investors. Let's review what drove market results and what may matter as we head into 2026.

MANAGING HEALTH CARE COSTS IN RETIREMENT

Health care is one of the biggest—and most unpredictable—expenses in retirement. In this article we break down Medicare basics, common coverage gaps, and practical strategies to help you control costs and protect your retirement savings.

UNDERSTANDING RMDS FOR NON-SPOUSE BENEFICIARIES: OLD RULES, NEW RULES, AND SMART DISTRIBUTION STRATEGIES

Inheriting a retirement account comes with new complicated rules. Here we highlight some smart strategies to help manage taxes and avoid costly mistakes.

WHEN DO I GET MY TAX FORMS?

Our partner, National Financial Services (NFS), will post and mail consolidated 1099 tax forms in four waves. The dates are when your tax form will be available in Investor360°. They will be mailed five to seven days after they are posted online.

Please note: In instances when tax reporting for an account occurs during the extension period, NFS will provide an online preliminary tax statement starting on February 12. This is viewable only in Investor360° and will provide a single view of current tax information to help you determine early tax liability.

AFM NEWS & NOTES

We are proud to announce several individual and firm awards. For more details click on the link below
Elizabeth Schleifer & Nicolette Davicino were both quoted recently in the news
Alexandra Armstrong presents Lifetime Achievement Award at 2025 Women to Watch Awards
Nicolette and Andrew welcome baby Nelida Marie D'Amato

NEW EMPLOYEE SPOTLIGHT: MICHAEL LYNOTT

Michael joined Armstrong, Fleming & Moore, Inc. as a paraplanner in December 2025. Prior to joining the firm, he spent two years in the RIA industry as a client service associate, supporting private individuals and families.

He graduated from Villanova University in May 2023 with a bachelor’s degree in Economics and Communications and a minor in Business. During his time at Villanova, he enjoyed cheering on his Wildcats in basketball and working various internships throughout the school semesters and summer months.

Michael grew up in Bethesda, Maryland. Outside of work, he coaches a travel baseball team during the spring and fall and enjoys spending time outdoors exploring local hiking spots.

Place Michael would most like to visit: Tibet

Favorite Movie: All Quiet on the Western Front

Favorite book: 100 Hikes of a Lifetime

Favorite band: The Band

Favorite Holiday: Thanksgiving

NEW EMPLOYEE SPOTLIGHT: JOSH MERGLER

Josh attended James Madison University and graduated with a bachelor’s degree in finance in May 2023. Before that, he spent a year at Alvernia University in 2019, where he also played football. Josh interned at a financial planning firm during the summer of 2022, where he discovered a passion for helping others financially.

Josh grew up in Havre de Grace, MD and now lives in Arlington, VA to experience living close to the city while staying relatively close to family and friends. Growing up, his family always had multiple dogs and cats which he describes as feeling like a “zoo”. Now, Josh lives with his partner, Claudia, and has a yellow lab named LuLu. They also volunteer at a local animal rescue and are fostering dogs until they find their forever home.

Josh is an avid Baltimore Ravens fan and enjoys watching games with the people closest to him. In his free time, Josh enjoys trying new restaurants, experimenting with new recipes, attempting to bake, and finding new shows and movies to enjoy. He also loves spending time with their sweet pup, LuLu—whether they’re playing fetch, going on hikes, or relaxing at home.

If Josh could meet anyone past or present it would be: Lamar Jackson

Favorite movie: Rocky IV

Favorite TV show: Dexter

Favorite food: Maryland crabs

Favorite holiday: Thanksgiving

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Armstrong, Fleming & Moore, Inc.

202.887.8135 |202.887.0050 Fax | info@afmfa.com

Providing financial planning and investment advice since 1983

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