June 2024 – Newsletter

More Retirees Crossing State Lines – Where Are They Going?

More than 338,000 Americans relocated for retirement last year – a 44% increase from 2022 – and about a quarter of those retirees moved to a different state.

According to the online moving-services marketplace Hire A Helper’s latest annual report, Florida is the number one destination for retirees, claiming 11% of movers across state lines. South Carolina comes in at a close second and New Jersey third, with Texas and Washington rounding out the top five. Let’s explore what’s drawing retirees to these destinations.




June 19 – Financial markets closed for Juneteenth. Paramount office will be open.

June 30 – Deadline to submit FAFSA form for college federal student aid is 11:59 pm Central Time.

July 4 – Financial markets and Paramount office closed for Independence Day holiday.

New Raymond James Mobile App

The old version of Client Access mobile app will no longer be supported as of May 30, 2024. Clients who aren’t using the version released in March 2023 will be prompted to upgrade to the latest version.

Updating is easy; you will see a pop-up notification prompting you to upgrade when you attempt to open the Client Access app. After upgrading in the app store (for iPhones) or Google Play Store (for Androids), you can continue using the app with the same login information.

The latest version of the app required iOS 15 or Android 9, so you may need to complete a software update before upgrading. Per Apple and Google policy, iOS 15 and Android 9 don’t support certain older devices. If your device isn’t supported, you won’t be able to use the Client Access mobile app with your current device. However, you can still use the desktop version of Client Access and continue using the same features.

The enhanced Client Access mobile app offers several new and improved features, including:

  • Improved, more intuitive user interface
  • Customizable dashboard
  • Streamlined access to your key financial information
  • Specifically optimized for mobile devices

Fun Fact

According to the Department of Homeland Security, airline passengers leave behind thousands of dollars in coins each year at U.S. airport screening checkpoints. In the most recent year studied, the Transportation Security Administration collected $517,978.74 in unclaimed money (mostly coins) from passengers who emptied their pockets while going through the security line. These funds get deposited into a special fund so that collection and spending can be easily tracked. After a period of time, this money is used for civilian airport security expenses.

Source: SoFi.com

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The Paramount Wealth Management Team

The Paramount Wealth Management Team

420 South Brown Street
Jackson, MI 49203
517-795-2530 (F)

Don Hershberger CFP®, AIF®, CRC®, Founder and President, PWM, was named on the 2023 Forbes Top Wealth Advisor Best-in-State list. 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/lists/best-in-state-wealth-advisors/?sh=181ba856ab97 for more info.

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.

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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