THIRD QUARTER 2025

Greetings!

In this quarter's newsletter we address the potential impact of the government shutdown for investors, new tax changes to be aware of for Maryland residents and some key year-end planning tips. Lastly make sure to welcome about our newest employees Karla & Hudson!

The AFM Team

YEAR-END PLANNING & TAX TIPS

With fall fully underway, it’s natural to think about holidays—and the year wrapping up. It’s also the perfect moment to step back, review your financial picture, and make a few smart moves before December 31.

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Karla joined Armstrong, Fleming & Moore, Inc. as a Client Service Associate in October 2025. Prior to joining the firm, she served as a Grants and Risk Management Officer at the National Endowment for Democracy, where she managed a portfolio of federally funded projects across Latin America. With experience in financial compliance, Karla is excited to pivot to wealth management and help clients with their short and long-term financial goals.

Karla graduated from Muhlenberg College in 2021 with a bachelor’s degree in international relations. She is a DC native and loves to visit the Smithsonian museums and support the Caps. 

Hudson joined Armstrong, Fleming, and Moore, Inc. as a Client Service Associate in October 2025. Before joining the company, he worked as an Office Assistant for an accounting firm.

Hudson graduated from The University of Pittsburgh in April of 2023 with a bachelor's degree in Communications, and Savannah State University in December 2024 with a master’s degree in Business Administration. Throughout his time in college, he played football at both schools and frequently participated in community service events.

Hudson grew up in Washington D.C. and enjoyed playing sports while attending various schools in the area. He now enjoys visiting local parks, going to the movies, and supporting the Washington Commanders.

YEAR-END GIFTING

Are you planning on making gifts to family or charitable donations from your investments by year-end? If so, please let us know as soon as possible, so that we can help you make these gifts in a timely fashion. An individual can give up to $19,000 to as many people as they want in 2025 without having to report the gift to the IRS. All taxpayers can now deduct $1,000 ($2,000 for married couples filing jointly) for charitable gifts, even if they don’t itemize their deductions.

REMINDER: MEDICARE PART D OPEN ENROLLMENT 10/15 - 12/7

Medicare Part D plans routinely change their coverage and pricing each year, so it is important to take a fresh look now at your existing coverage, and the options available to you for next year. The best tool for shopping Medicare plans is the Medicare Plan Finder, on the official Medicare website.

Securities offered through Commonwealth Financial Network®, Member FINRA/SIPC. Fixed Insurance products and services and advisory services offered by Armstrong, Fleming & Moore, Inc., a Registered Investment Adviser, are separate and unrelated to Commonwealth.

We do not accept orders via e-mail to request, authorize, or effect the purchase or sale of a security, to send mutual fund instructions, or to effect any other transaction. Receipt of important letters, e-mails or fax messages, particularly those related to security transactions, must be verified by telephone at 202.887.8135.

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