Tax Tips And Team Introductions: What's New This Quarter

As April 15th approaches, it marks the deadline to file your income taxes as well as make contributions to your Roth IRA, Traditional IRA, or Health Savings Account (HSA) if eligible.

This newsletter is also special for us as April 2024 commemorates the 30th anniversary since the founding of Research Financial Group.

To reflect, it is important to remember how we achieved this milestone. Long hours, dedication, and the desire to serve others represent just some of the fundamental values our firm was built upon. Most importantly, we would not be here without terrific clients like you! For many, we have had the honor of serving the entire family. We have several fourth-generation families within our client mix representing a testament to the enduring relationships we cherish. We fully recognize there are many financial service providers to choose from and graciously appreciate that you have selected our multi-generational Team to help guide you through many special life events. We never lose sight of how fortunate we are to walk among so many wonderful people in their quest to achieve their financial goals.

In the first quarter of 2024, we welcomed Aidan Bowerman to our team. Aidan brings a wealth of expertise and a commitment to exceptional client service. With a BS in Finance from Rochester Institute of Technology (RIT) and a passion for financial planning, he is poised to work with us and assist in serving your financial needs. Please join us in extending a warm welcome to Aidan!

During our periodic Strategy and Tactical Reviews, the topic of charitable giving has become more common. We have implemented various strategies for those who desire to incorporate charitable giving within their financial plans. These include Donor Advised Funds (DAF) which allow for contributions to be accumulated today and distributed to charitable organizations in subsequent years. This method provides flexibility while striving to maximize tax benefits. Within our reviews, we will explore this further, but if you would like to discuss this prior, please reach out.

The markets have provided some volatility in recent months and interest rate directions are a constant topic. During our Strategy and Tactical Review, we will also discuss the current economic conditions while providing our outlook and strategies used within this climate.

Looking ahead, we have exciting events planned for the year including informational presentations on economic trends and strategy updates, social gatherings, and other activities. We are also implementing additional investment strategies within our models and will be contacting you with further information needed to do so.

On the fun side of the business, we are thrilled to invite you to a Rochester Red Wings game on June 27th. It promises to be another memorable gathering as it was for the more than 100 that joined us last year! We will share more information on this as the date approaches and hope you can join us.

It is an honor and a pleasure to serve you over the past three decades. Your continued trust and partnership as we celebrate our 30th anniversary is what continues to motivate us. We look forward to serving you and your family for many years to come!

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. No strategy assures success or protects against loss.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.