The Lowry Letter®

Week of 12/14/2024

We thought you would enjoy this picture of Joe Sr’s first great-grandchild, River. He was a big baby, over 9.5lbs! Leading off with a baby picture is always a good idea.

There is a meaningful reduction in re-offenses when DNA information is retained for those convicted of crimes. In other words, knowing that you are more likely to be identified in the commission of a new crime makes people less likely to commit one.

This is interesting research about how the U.S. tax system has become more, not less, redistributive.

We love the books of Brandon Sanderson. The 5^th volume of his epic series, The Stormlight Archives, was recently released.

These are some beautiful astronomy photos.

Bea had a recent visit to Ravine Gardens State Park in Palatka and reminded us that it is a great place to hike and a short drive from Gainesville.

Q: What should I be doing to prepare for the New Year?

A: Here is a good (not exhaustive) list:

Required Distributions: Are you subject to them? If so, these must be done by Dec 31, but please don’t wait until that date.
Retirement Plan Contributions: The limits go up for most plans in January. Do you know how to change your contribution amount? Making an adjustment effective for the first payroll of 2025 will ensure that you max out the contribution next year.
Charitable Giving: Have you made your desired contributions? Remember that many charities will accept appreciated stock or contributions made as Qualified Charitable Distributions from Individual Retirement Accounts.
Beneficiaries: It is good to check your beneficiary designations periodically, especially for company-sponsored plans as these are easy to overlook.

Have any questions? Let us know!

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Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

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