catch up with AFM's Latest Financial Strategies Newsletter

FINANCIAL STRATEGIES NEWSLETTER

FOURTH QUARTER 2024

Sana,

In this quarter's newsletter we discuss how to avoid some common mistakes with estate planning and saving in your 401(k). You will also hear how some Social Security recipients are set to receive an increase in their benefits, plus our list of key financial numbers to know for 2025. Lastly make sure to check out our News & Notes section for some exciting updates!

The AFM Team

MARKET UPDATE

December was a mixed month for markets, as investors pulled back from most U.S. stocks due to concerns over rising interest rates and economic uncertainty. Despite the year-end sell-off, all three major U.S. indices finished the quarter and year in positive territory.

ESTATE PLANNING PITFALLS: DON'T LET THESE MISTAKES HAUNT YOUR LEGACY

Estate planning is essential for ensuring your wishes are honored and your loved ones are protected, yet many individuals fall victim to common mistakes that can lead to unintended consequences. In this article, we’ll highlight prevalent estate planning errors and provide actionable tips to help you create a more effective plan for your family's future.

2025 KEY FINANCIAL PLANNING NUMBERS TO KNOW

As we enter 2025, learn some key numbers that potential could significantly impact your personal financial situation.

COMMON MISTAKES TO AVOID WITH YOUR 401(K)

In this article, we'll explore some common 401(k) pitfalls and provide actionable advice to help you maximize your retirement savings potential.

SOCIAL SECURITY FAIRNESS ACT REPEALS PENSION OFFSET

If your Social Security benefits were reduced by a government pension, you may be entitled to a higher payout, thanks to the recently passed Social Security Fairness Act.

AFM NEWS & NOTES

Josh was promoted to financial advisor!
Alex presented her eponymous Lifetime Achievement Award
Alex spoke at the International Women's Forum Fellows
AFM made Forbes' list of America's Top RIA Firms
Carl and Elizabeth were quoted in several publications
AFM held our annual holiday lunch

BEST OF 2024 MONTAGE

Relive the moments that made last year special with our "Best of 2024" montage. Watch here

WHEN DO I GET MY TAX FORMS?

Our partner, National Financial Services (NFS), will post and mail consolidated 1099 tax forms in four waves, outlined in the table below. The dates are when your tax form(s) 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 11. This is viewable only in Investor360° and will provide a single view of current tax information to help you determine early tax liability.

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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

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.