January 2025 – Newsletter
Family Vacations Reimagined
Is a family vacation in your plans for 2025? Multigenerational travel is becoming increasingly popular. Despite the complexities of planning vacations for diverse ages and interests, it’s well worth the effort – resulting in memories your family will cherish forever.
WHAT YOU’LL FIND INSIDE:
- FAMILY VACATIONS REIMAGINED
- CALENDAR
- 12 WISHES FOR THE NEW YEAR
- 1099s
- MORE THAN FORGETFULNESS – HAVING THE IMPORTANT CONVERSATIONS
Calendar
Jan 20 – Financial Markets closed for MLK Day. Paramount office will be open.
Jan 31 – Raymond James mails year-end tax packages for retirement accounts (Forms 1099-R and 5498), Form 1099-Q and Raymond James Bank 1099s.
Feb 15 – Raymond James begins mailing 1099 tax statements.
Feb 17 – 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.
12 Wishes For The New Year
What’s on the market’s wish list for 2025? Raymond James CIO Larry Adam provides a festive perspective…
As we ponder where markets may go, we reflect on 2024’s ebb and flow.
Investors wished for rate cuts, many and often, but the economy’s strength refused to soften!
The long-awaited rate cut arrived in the fall, and a new easing cycle was welcomed by all.
With rates heading lower, stocks continued their climb, though volatility struck from time to time.
Mega-cap tech gave the equity market a lift, but leadership began to subtly shift.
S&P*, Nasdaq, Russell, Dow, and more, all reached record highs and continued to soar.
With a new president now at the helm, we hope for market gains that overwhelm.
As family and friends gather ’round with delight, we wish you joy, health, and wealth, shining bright.
While lights twinkle merrily and we raise a toast, let’s make 2025 a year we can boast!
With fresh hope that each new year unveils, we look forward to an economy that thrives and repvails.
We’ve crafted a wish list that aims for the sky, hoping your investments will flourish and multiply.
Our dreams and wishes are not far from sight, each one has the chance to come to light.
Now as we welcome in the new year, with new records for financial markets hovering near, here are 12 milestones we hope will appear!
*Represents the S & P 500
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, click on the button below or call our office at 517-787-4444.
More Than Forgetfulness – Having The Important Conversations
When your family member’s memory begins to fade, your role as a caregiver is essential, providing day-to-day support and planning for the future. Here are some tips for identifying the need and having the conversation.
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The Paramount Wealth Management Team
The Paramount Wealth Management Team
420 South Brown Street
Jackson, MI 49203
517-787-4444
517-795-2530 (F)
www.paramountwealth.com
2024 Forbes Top Wealth Advisors Best-In-State, developed by Shook Research, is based on the period from 6/30/2022 to 6/30/2023 and was released on 4/3/2024. 42,108 nominations were received, and 8,500 advisors won. Neither Raymond James nor any of its advisors pay a fee in exchange for this award. More: https://bit.ly/43DMgjX. Please see https://www.forbes.com/best-in-state-wealth-advisors for more info.
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