Michael Lanuto - Financial Advisor, CRPC, AWMA

On this day...

23 years ago

246 people went to sleep in preparation for their morning flights.

2,606 people went to sleep in preparation for work in the morning.

343 firefighters went to sleep in preparation for their morning shift.

60 police officers went to sleep in preparation for morning patrol.

8 paramedics went to sleep in preparation for the morning shift.

None of them saw past 10:00am Sept 11, 2001.

In one single moment life may never be the same.

As you live and enjoy the breaths you take today and tonight before you go to sleep in preparation for your life tomorrow, kiss the ones you love, snuggle a little tighter, and never take one second of your life for granted.

Don’t let taxes get in the way of leaving the legacy you want.

There’s a solution to help you pass on your wealth tax-efficiently to the next generation.

Let’s talk about what you want. Schedule your consultation at https://bit.ly/4e7tUvM

Did you know...

Saving money on taxes today can help your money grow faster.

Together we can develop a strategy for potentially reducing your income tax burden while continuing to grow your assets.

Schedule your consultation at:
https://bit.ly/47foyfH

Did you know that dividends are only subject to capitals tax, whereas interest payments are taxed as ordinary income? Let’s discuss ways you can minimize taxes and choose the best investment strategy to meet your goals.

Are you ready to retire?

If you have employer stock, you may have a unique opportunity to reduce your tax bill.

Let’s discuss the pros and cons of this unique tax strategy. Schedule your consultation at https://bit.ly/4gdD9wi

Retiring soon? Here’s a tax strategy for employer stock A smart strategy to help mitigate the impact of taxes on employer securities when you retire.

Did you know that tax rates may rise in 2026?

Provisions of the Tax Cuts and Jobs Act are set to expire by the end of 2025.

The sooner you act, the more options you’ll have to take advantage of today's lower taxes.

Let’s connect and review potential strategies with your tax professional: https://bit.ly/3Tm1PZB

According to the below article, people with high incomes or ample assets—as well as those likely to be there in the future—should consider stopping contributions to pre-tax 401(k)s and IRAs.

The tax deductions offered by such accounts are merely loans from the government that will have to be paid back at the worst possible time: in retirement.

Worse yet, the payback may come from the accounts’ beneficiaries who could inherit in their peak earning (and peak tax bracket) years.

Why High-Income Clients Should Halt Pre-Tax 401(k), IRA Contributions Start trimming IRA and other retirement account balances now to use today's historically low tax rates.

Juicy cash yields could disappear quickly…especially after you factor in taxes and inflation. Let’s connect to discuss strategies that can help you avoid reinvestment risk.

HAPPY TUESDAY!!!

might not be avoidable, but they can be managed, especially when it comes to your investments. Making tax-smart decisions now is critical to helping you keep more of your money — today and in the future.

In collaboration with your tax professional, we can help identify tax-smart strategies that make sense for your investment portfolio and your overall financial goals.

To get started, here are 10 tax-efficient strategies you should know:

10 tax strategies for savvy investors Potentially keep more of your investment returns.

According to Yahoo Finance, at the time of this post, the S&P500 index is up appx +9.33% YTD.

Step away from the ledge and keep your long-term goals in mind.

This may be a great buying opportunity.

As a kid, I always wanted to work on the Floor of the New York Stock Exchange as a trader. Something about the allure of the hustle & bustle and madness of the exchange as depicted in the movie Trading Places (I know, that was the Philadelphia Commodity Exchange 😁) was attractive to me.

Fast forward a few decades…

I was fortunate to be invited to attend a conference at the NYSE last week by my friends at J.P. Morgan to learn more about current market conditions. When the event was over, we were able to get a tour of the Floor and see the Closing Bell.

I can tell you this, long gone are the days of shouting and yelling trade orders, and paper trade tickets strewn all over the floor. Everything is electronic and a little bit more civilized.

Seeing the ringing of the closing bell and the CNBC media desk with my partners Scott Miller and Jeffrey Miller was pretty cool. It was a moment I won’t forget.

Are you one of the 68% of people who plan to leave real estate to your heirs?

Whether it’s a primary residence or a vacation home, communicating your intentions can help mitigate any confusion.

Here are three tips to help you start the conversation.

3 tips to successfully passing on real estate to heirs How you set up your gift and communicate your wishes can be an act of kindness for loved ones.

Annuities come in many different forms and can be challenging to understand.

My team can help you make sense of them ― and how they may fit into your retirement income strategy.

To learn more about how this strategy may help you generate lifetime income, visit:
https://bit.ly/3zzdTQb

6 common annuity myths — debunked Clear up common misunderstandings about this investment product.

🇺🇸 As we celebrate Independence Day, I am reminded of the values that define us as a nation: freedom, resilience, and unity. Today, we honor the bravery and vision of our founding fathers who boldly declared independence 248 years ago, paving the way for the land of the free and the home of the brave.

Let us cherish the liberties we enjoy and reflect on the sacrifices made by generations past and present to safeguard our freedom. Together, let’s continue to strive for a future where equality and opportunity flourish for all Americans.

Happy Independence Day to my fellow colleagues and friends! May our collective efforts propel us towards a brighter tomorrow, guided by the principles that make exceptional.

🎆

It’s been a busy week…

My son Dominic graduated high school and a roller coaster of emotions have been experienced.

He ranked #7 in his class for academics, graduating with almost a full year of college credits under his belt.

The amount of time, energy, focus, and perseverance spent by him is an incredible achievement, especially since this was accomplished while traveling over 3 hours numerous days per week for club soccer training for the last 4 years.

Not to mention living through Covid and adapting to virtual learning for almost 2 years (we live in NY. ).

He received numerous offers to play collegiate soccer but decided to focus on academics and the study of Sport Business instead.

To say that I am proud of Dominic is an understatement.

When one chapter ends, it’s time to write another. On to the next phase.

Next stop… Jacksonville University! 🍻

Yesterday we celebrated my daughter’s 8th grade graduation and had the privilege of hearing her sing the National Anthem with two of her friends during the opening ceremony.

Numerous dignitaries in attendance said it was one of the best performances of the Star Spangled Banner 🇺🇸 they had ever heard. Checkout the video of the performance below in the comments which was recorded by Angela Lanuto of the The Angela Lanuto Team at Coldwell Banker Village Green Realty.

Thank you to everyone at Catskill Central School District who made the day a special one to remember. And special thanks to T. LG and family who created an incredible after-graduation brunch at Café LaVendo (IYKYK).

Here’s an interesting analysis from Franklin Templeton on the upcoming U.S. elections.

If you have any concerns about the potential market impact, let’s connect.

Schedule a time to talk at: https://bit.ly/3VsylcJ

Do elections matter for markets? Understand the potential market implications of competing policy outcomes.

You've worked hard for your money...

Why should the government and IRS be the primary beneficiary of your wealth instead of your family?

This short video shows you a way to disinherit the IRS.

cdn.ameriprisecontent.com

Will or trust: Which one is right for you?

Learn the basics of both and how they may fit into your broader estate planning needs.

Visit https://bit.ly/3XcGnJg to schedule a time to talk with me and my team about your estate planning needs.

The basics of wills and trusts Get answers to frequently asked questions about the basics of wills and trusts.

This Memorial Day,
we remember all the brave men and women who gave their lives in service to this country.

Had the honor of attending the Ducommun Incorporated 175th anniversary celebration in Coxsackie, NY with my friends at the Greene County Chamber of Commerce and Greene County Legislature.

Our hosts gave a tour of the facility which was impressive, and shared the history of the company. Spoke to many of the staff and you could feel their pride and enthusiasm in the work they do at DCO.

Thank you for your hospitality and delicious lunch provided by Yanni’s 2Go.

Cheers to another 175 years!🍻

CAREER OPPORTUNITIES!

We had the privilege of joining Ducommun to celebrate their 175th anniversary with a Ribbon Cutting ceremony yesterday!

During our visit, we had the opportunity to explore the Coxsackie facility and delve into the fascinating history and world of Ducommun Incorporated. We were blown away by the impact this local facility has on a global scale. As a leading provider of manufacturing and engineering services, Ducommun specializes in developing innovative electronic, engineered, and structural solutions for complex applications in aerospace, defense, and industrial markets.

What truly stood out to us was the emphasis Ducommun places on employment opportunities and building a team. They offer a diverse range of roles, providing countless avenues for growth and development. The passion and dedication displayed by the entire team were truly inspiring!

If you're curious to learn more about the opportunities available at Ducommun, we encourage you to check out their current openings.

👉 Click here to explore Ducommun's career opportunities: https://bit.ly/4axzBkA

Thank you, Ducommun, for inviting us to be a part of this momentous occasion. Here's to another 175 years of innovation, growth, and success in Greene County!

Thanks to all who attended, and special thanks to:
-Edward Bloomer, Greene County Legislator
-Harry Lennon, Greene County Legislator
-Charles Martinez, Greene County Legislator
-Sherry True, Greene County Legislator
-Warren Hart, Deputy County Administrator, Greene County Economic Development, Tourism & Planning
-Anthony DeSantis, ADS Properties / GC Chamber Board Member
-Michael Lanuto, S.M. Miller & Associates Ameriprise / GC Chamber Board Member
-Joseph Rothrock, The Bank of Greene County / GC Chamber Board Member

Congratulations to the Catskill Golf Club on their new courts!

Had a great time at the ribbon cutting with the Greene County Chamber of Commerce.

Game looks intense! 🏓

Is this your plan for ?

We should talk.

Schedule your complimentary initial consultation at https://bit.ly/3wqwfSp

This week is .

As we honor the brave men & women who protect our communities, may we also remember the fallen.

I will never hesitate to stand up for my brothers and sisters in blue. Thank you for your dedication and keeping our communities safe.

PUBLIC SERVICE ANNOUCEMENT

5 cybersecurity scams to watch for in 2024...

It’s easy to think you’ll never fall for a financial scam, but technological advancements are leading to increasingly sophisticated and convincing schemes. That’s why it’s critical to know how to protect yourself — and your assets — from these new threats.

Here are five emerging scams to know about and safeguard against in 2024. If you’re concerned about your online security or want help protecting yourself from fraudulent activity, contact me at MichaelLanuto.com to schedule your complementary initial consultation.

https://bit.ly/3Wx1MfW

5 cybersecurity scams to watch for in 2024 Find out how you can detect and protect yourself from the latest fraudulent trends.

Happy Star Wars Day!!!

What’s your favorite movie or series?

I’m leaning toward Obi Wan as my favorite.

A decision has been made!

My son will be attending Jacksonville University in the Fall, studying Sport Business as part of the 3+1 MBA program in the JU Davis College of Business.

See you in Florida 🐬☀️🤟🏻😎

ATTENTION: DID YOU KNOW YOUR TAXES MAY BE INCREASING?

The Tax Cuts and Jobs Act of 2017 (TCJA) reduced income tax rates and brackets through 2025. Barring further legislation, these changes will expire Dec. 31, 2025 and pre-2017 brackets (adjusted for inflation) and higher tax rates will once again be in
effect.

That means if you have considerable taxable assets, you could find yourself paying more in taxes resulting in unforeseen impacts to your overall wealth.

This could have a significant impact on the Middle Class and you.

According to the slide below, someone earning $76,000 per year currently pays about 12% in federal income taxes.

If the TCJA is allowed to expire, someone earning $76,000 per year will pay about 25% in federal income taxes. That's a 13% increase!

You may say, "Well, the rich will pay more in taxes as well" and you'd be correct. But, how much more will they be paying?

Someone who earns $341,000 currently pays a federal income tax rate of 32%. If rates revert back to pre-2017 levels, they will pay 33% in federal income taxes. A 1% increase.

There are strategies available that may help mitigate your tax exposure. Schedule an appointment at MichaelLanuto.com and let's discuss how we may be able to protect you from the inevitable.

Link to article:https://cdn.ameriprisecontent.com/cds/alwp/advisor/michael.lanuto/the-certainty-of-tax-uncertainty-article638497408481571295.pdf

⭐️Attention Small Business Owners!⭐️

Were you overwhelmed by tax season?

Working with a financial advisor can be a game changer for your small business.

By partnering with a professional, you may gain valuable insights and strategies to help lower your taxes legally, freeing up capital to reinvest in your business!

Let's collaborate to optimize your financial strategy and pave the way for greater success.

Reach out today at MichaelLanuto.com and schedule your complimentary initial consultation to learn how we can work together to help maximize your tax efficiency and propel your business forward.