Dear ,
Name Change
As a follow up from my prior email, we would like to congratulate Anthony Assante on the opening of his new firm in Glastonbury. The plan was to have Anthony stay on as an associate, but after some time and further discussion, together we made the decision that it was best to formally end our business relationship. Our clients will not be impacted by Anthony’s departure, as he had an independent client base for many years. You will notice our formal name change to Egidio Lennon Wealth Management, LLC. Marc Lennon and I will be assuming all partner responsibilities at the firm.
National Business Conference
We are excited to be attending the National Business Conference with our team in early November hosted by our broker dealer, Commonwealth Financial Network. We have 5 Wealth Advisors attending this year, as well as Julia, who is attending the conference for the first time, as a Paraplanner.
It has been several years since we were able to attend in person. It is a great opportunity for us to connect with over 1,200 advisors/peers and industry leaders. With over 100 meetings to attend, the 6 of us will be spreading out session attendance, briefing each other afterward on what we learned. We are excited to share with you our key takeaways from this conference at our next meeting, as well as through email, phone calls and Zoom. Additionally, we are considering Webcasts to help communicate key information in the future. With Mid-term elections the same week, as well as another Fed meeting the previous week, the conference will be especially important and timely. Please stay tuned for contact from your advisor's team.
Year-end Planning
Important topics we have covered throughout the year and will continue to review and emphasize in upcoming meetings as we wrap up this year and start the new year:
1. Tax loss harvesting for non-qualified accounts
2. Roth conversions while the market is still down from previous highs
3. Funding contributory Roth IRAs
4. QCD from IRA’s (Qualified Charitable Distribution)
5. Asset Allocation - Value vs. Growth rotation and Small Cap Utilization
6. Estate Planning Audits – Power of Attorney, Living Will,
Health Care Directive, & beneficiary designations
7. Planning for 2023 – IRS increases retirement account contributions limits:
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401k/403b/457 – increased to $30,000 ($22,500 if under 50)
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IRA and Roth IRAs – increased to $7,500 ($6,500 if under 50)
As a reminder, each of you have a customized, detailed, long-term financial plan with a coordinated asset allocation and equity-based philosophy. If you would like to connect on your individual plan and/or any of the above year-end planning items, as always, please reach out to our team at (203) 439-0732.
