FINANCIAL STRATEGIES NEWSLETTER
SECOND QUARTER 2020

Greetings!

Welcome to AFM's latest Financial Strategies Newsletter. Our sincerest hope is that you, your families, and your friends are staying safe and healthy. As always, and especially during this difficult time, please let us know if there are other topics you would like us to cover in the future. Thank you for being part of the AFM family!

The AFM Team
MARKET UPDATE
June was another positive month for markets, despite concerns about the spread of the coronavirus causing some volatility near month-end. Read more
OFFICE TO HOME TRANSITION
Lead Client Service Associate, Valerie Donely shares her experience transitioning from working day to day at the AFM office, to working remotely in her studio apartment.
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IS THE MARKET RECOVERY ROOTED IN REALITY? 
During the first half of 2020, the stock markets provided us with both a flop and a hit, and many are scratching their heads as to why we've seen such a strong rally since March 23rd.
THE TAX IMPLICATIONS OF WORKING FROM HOME
With employees working remotely far more often amid the COVID-19 pandemic, this raises issues regarding the complexity of a scattered workforce and its various tax implications.
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NEW EMPLOYEE SPOTLIGHT
We are pleased to announce that Colleen Harrington has joined our firm as a Client Service Associate.
ANNOUNCING THE RELEASE OF YOUR NEXT CHAPTER: A WOMAN'S GUIDE TO A SUCCESSFUL RETIREMENT
After two years of hard work, our own Alex Armstrong and coauthor Dr. Mary R. Donahue, are finally finished writing their second book. Read More
AFM NEWS & NOTES
  • How AFM employees are keeping busy while in lockdown
  • Mitch welcomes baby girl Eleanor
  • Emilia passes Series 63 exam
  • Chris celebrates 20 years with AFM
  • Read more
TAX RETURN REQUEST
If you haven't done so already, we would kindly request that you send us a copy of your 2019 Federal and state returns to help us better serve you throughout the year. We are best able to perform tax related analysis with your most current tax return. Exactly how the information is used varies from client to client, but may include analyzing Roth conversions, calculating tax projections, and tracking tax data that can impact investment decisions.
RETURNING REQUIRED MINIMUM DISTRIBUTIONS
New IRS guidance will now allow anyone who took a required minimum distribution from a retirement account in 2020 to roll the money back into a retirement plan by August 31, regardless of when they withdrew it. If you have taken an RMD this year, please reach out to your financial advisor or paraplanner to discuss this further.
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.
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