Financial Strategies 
Fourth Quarter 2019
Market Update Fourth Quarter 2019

Strong December caps off terrific year for markets. Read More


My Next Chapter

Here is a peek into what lies ahead for Alex Armstrong.

Read More


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

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
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


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


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.
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.

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!

AFM News & Notes
  • 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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