January 2024 – Newsletter

Designed by Inspiration TM

Financial Resolutions for 2024

Instead of hauling out those familiar New Year’s resolutions, about keeping a journal or drinking more water, how about focusing on your financial well-being? Here’s a set of resolutions that can help ensure your long-term financial confidence.

WHAT YOU’LL FIND INSIDE:

  • FINANCIAL RESOLUTIONS
  • CALENDAR
  • 1099 INFORMATION
  • GO PAPERLESS IN 2024
  • FOOD DRIVE UPDATE

**Please note – Our office will be closing at 1:00 pm on January 2, for a staff holiday celebration **

From all of us at Paramount Wealth, we wish you a healthy and prosperous New Year!

Calendar

Jan 1 – Paramount office and financial markets closed for the New Year holiday

Jan 2 – Paramount office will be closing 1:00 pm – 5:00 pm for a staff holiday celebration

Jan 15 – Financial Markets closed for MLK Day. Paramount office will be open

Jan 17 – 4th quarter 2023 estimated tax payments are due, if required

Jan 31 – Raymond James mails year-end and retirement tax forms for 1099R and 5498, if applicable

Feb 15 – Raymond James begins mailing 1099 tax statements

Feb 19 – Financial Markets closed for Presidents Day. Paramount office will be open.

Feb 28 – Raymond James mails amended 1099s and those delayed due to specific holdings and/or income reallocation

March 15 – Final day for Raymond James to mail any original 1099s and continued amended 1099s as needed

1099s

Tax time is around the corner. Everyone is anxious to receive their 1099s. Retirement tax packets for 1099R and 5498 will be mailed by January 31, but Raymond James begins mailing other 1099s on February 15th.

Also, sometimes a corrected 1099 may be issued, so be sure not to schedule a time with your tax preparer too soon.

Once the 1099s are completed, they can be accessed on-line if you have established a user id and password with Raymond James Client Access. If you have signed up for e-delivery of documents, you will receive an email when your 1099 posts.
If you still need to sign-up for e-delivery, please see the article below or call our office at 517-787-4444.

Go Paperless in 2024

Start the year fresh by going paperless! Client Access and e-delivery allow you to access all your financial information at any time and place.

As an added bonus, by going paperless and choosing online document delivery for all of your accounts, you may qualify for a fee credit of $25.

Click the button below to enroll.

Food Drive Update – Thank You for Donating!

Thank you to everyone who donated to our 5th annual Food Drive. We were able to fill a flat bed trailer with non-perishable items and also gave the Jackson Community Food Pantry $1,790 in monetary donations. Your generosity will be a blessing to many in our community.

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The Paramount Wealth Management Team

Don Hershberger, CFP®, AIF®, CRC®, Founder and President, PWM, was named on the 2023 Forbes Top Wealth Advisor Best-in-State list.

420 South Brown Street
Jackson, MI 49203

517-787-4444

517-795-2530 (F)

www.paramountwealth.com

Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Paramount Wealth Management is not a registered broker/dealer and is independent of Raymond James Financial Services.

2023 Forbes Top Wealth Advisors Best-In-State, developed by Shook Research, is based on the period from 6/30/2021 to 6/30/2022 and was released on 4/4/2023. 39,007 nominations were received and 7,321 advisors won. Neither Raymond James nor any of its advisors pay a fee in exchange for this award. More: https://go.rjf.com/3KsXbF7. Please see https://www.forbes.com/best-in-state-wealth-advisors for more info.

Any opinions are those of the author and are not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. All opinions are as of this date and are subject to change without notice.

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