Market Update Fourth Quarter 2019
Strong December caps off terrific year for markets. Read More
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My Next Chapter
Here is a peek into what lies ahead for Alex Armstrong.
Read More
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The Setting Every Community Up for Retirement Enhancement (SECURE) Act
On December 20, 2019, the SECURE ACT was signed into law. Let us help explain how it may impact you. Read More
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A Financial Checklist You Can Handle
Starting fresh is always a great feeling, but the scale of what we set out to accomplish at the beginning of the year sometimes becomes overwhelming as the months go by. The question is, how can you stay motivated to meet your financial goals throughout the year? Read More
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Sustainable Travel
You may live a sustainable lifestyle at home, but what about while on vacation? Here are five ways we can all try being green while traveling in 2020. Read More
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Health Savings Account 101
What is a Health Savings Account? Who is eligible to have one? What are the contribution and withdrawal rules? Read More
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2020 Retirement Plan Limits
- Employees can contribute $19,500 to a 401(k), 403(b), or 457(b) plan, an increase of $500 from the prior year. The catch up contribution for those 50 or older also increased to $6,500.
- IRA contribution limit remains at $6,000, plus a $1,000 catch up for those 50 or older.
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When Should I Expect My Tax Forms?
For all brokerage accounts, we have received the following timeline from NFS:
- 2019 tax forms will be mailed to clients in waves beginning January 25, 2020
- Most 1099 tax forms will be available online between January 25 and February 15 and the majority will be mailed by February 15, 2020
- As in past years, NFS has applied for and received a mailing extension from the IRS that will permit the generation of some non-retirement 1099 tax documents from after February 15, but no later than March 6
In addition, AFM will mail out realized gain & loss reports at the beginning of March
On or around January 31, 2020, Investor360° clients who use TurboTax or H&R Block software can import their tax information electronically for all their NFS accounts.
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Here's Why You Should Always
Write
Out "2020"
It wouldn't be a new year without a new scam on the horizon. But here's a small tip to help avoid a big problem. Financial and legal experts are advising that you avoid abbreviating the year 2020 to just 20. Why? Because scammers and other troublemakers can easily pre- or post-date your financial or legal documents if you give them the space to do so (for example, changing 1/6/20 to 1/6/2001 or 1/6/2021)! Of course, any date could be altered by a forger-but abbreviating 2020 could permit a scammer to alter the date merely by adding numbers (rather than changing the numbers that you wrote when you dated the document). Have a happy-and safe-New Year everyone!
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AFM helped pack 3,680 gallons of milk for Capital Area Food Bank for people in the DC area
Alex received the Foundation for Financial Planning's first Lifetime Achievement Award
AFM took a trip to the Newseum
Beate celebrated her 10th anniversary with AFM
Emilia passed her series 7 exam
Continue Reading
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How to Get Help with Anything You Need
In addition to your financial planner, you have a team supporting you. We have eleven exceptionally talented colleagues ready to assist.
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Financial Planning &
Asset Management Team
Call or
email members of the financial planning team if you have questions related to any of the following:
- The state of the economy or financial markets
- Your financial plan or to discuss a new planning issue
- Your portfolio
- Understanding financial planning, investment, or tax reports
- Trading issues
- Email the team
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Operations & Client Service Team
Call or
email members of the client service team if you have questions related to the following:
- Scheduling appointments
- Moving money (e.g. deposits, withdrawals, transfers, checks)
- Account paperwork (e.g. new accounts, beneficiary changes)
- Questions about accessing your Client360® online portal
- Changes in contact information (e.g. new address, phone number)
- Email the team
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FOLLOW AFM ON SOCIAL MEDIA!
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Our mission is to provide prudent financial solutions that achieve your goals through personalized financial planning and independent investment advice, and to do this with integrity, objectivity and excellence.
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Armstrong, Fleming & Moore, Inc.
1800 M Street NW, Suite 1010-S |Washington, DC 20036|
www.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.
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