OneWealth, LLC

Check out our June Client Letter, we sent this out along with our newsletter this morning! If you're interested in becoming part of emailing list just click our Newsletter form on the website and fill it out with your name and email address!

June client letter- Estate Planning 101 While many find it anxiety-provoking to think about, creating a legally binding plan to distribute your assets after your death ultimately provides you with peace of mind. You can rest easy knowing that your wishes will ...

Check it out guys!

May Letter to Clients: Plan for a Comfortable Retirement We plan for retirement because we know that we may not want to work forever. An artificial retirement age set by our employer may limit our options. Health issues may also dictate when we decide to retire.

Hey Guys! Check out our new Webinar for May! Learn more about retirement planning & learning how to retire stress free!

https://www.youtube.com/watch?v=JAvxcEsV3gc

🎉Pop quiz time 🎉 What employee benefits lead to higher levels of employee loyalty and job satisfaction?

A. Quality-of-life offerings like gym memberships and local store discounts
B. Office perks like pet-friendly workplaces and snacks
C. Traditional benefits like 401(k)s

Confident you know the correct answer? Comment your guess below ⬇️ We’ll share the answer soon!

The question that keeps us all up at night: What tax filing status should I pick? 🤔

We totally understand. Perhaps this info will help:

☑️ Head of Household – Unmarried taxpayers who are supporting at least 1 qualifying person and paying more than 50% of the costs to keep up a home.

☑️ Qualified Widow or Widower – For taxpayers who recently lost a spouse and are supporting a child at home. If you could have filed jointly before your spouse’s death, you may file jointly in the year your spouse died.

☑️ Married Filing Jointly – You and your spouse combine your income and deduct your total allowable deductions and credits on the same forms.

☑️ Married Filing Separately – For high-income earners who are married, people who wonder if their spouses are hiding income, people considering divorce, or taxpayers whose spouses have tax liability issues.

☑️ Single – For unmarried people who don’t qualify for another filing status. Note: depending on your state, if you’re legally divorced by the last day of the year, the IRS considers you unmarried for the whole year.

Feel free to share this post with your friends and family so we can all get those precious 8 hours of sleep.

Investors Nearing Retirement Show Patience With Markets Despite last year’s upheaval, many investors are sticking with long-term plans and tightening their budgets instead of moving money out of stocks and bonds.

Hey Friends! Check it out, we have a new Blog posted! Do you want to get our new Blog's sent straight to your email? The sign up option is on the side of all of our blogs.

Retirement Planning Most people planning for their retirement count on their Social Security benefits to make up part or most of their income – but did you know that those benefits can be subject to federal taxes? To figure out how much you...

Temps are rising out there —and unfortunately, so are many Americans’ energy bills 🔥 The good news is there are steps you can take to reduce your home’s energy costs in these warmer months.

To help you out, we’ll be sharing a few such steps, starting with some advice on air conditioning best practices:

❄️Today’s Cool Tip ❄️ In addition to scheduling regular maintenance, regularly vacuum air intake vents and ensure objects aren’t blocking vents. Interestingly enough, you’ll also want to keep lamps and TV sets away from your thermostat, as these can emit heat and make your A/C unit think the room is hotter than it is.

Do you have a cool tip for these warm weather months? Add it in the comments below, and share this post to spread this tip to your network.

When you think of spring cleaning, you probably think of your home 🏠 but the spring is also a great time to do a clean sweep of your household finances!

Here are four ways you can do just that:

🧹 Revisit your budget. Take a look at your monthly budget and adjust it based on your spending so far this year.
🧹 Declutter your subscriptions. Search through your account registers to identify unwanted recurring charges you’ve missed. Apps like Rocket Money or Hiatus can help!
🧹 Shred old financial documents. The IRS recommends keeping at least 3 years of tax returns. Have some older than that? Shred away!
🧹 Review your insurance and plan for changes in coverage. Such changes could include adding a driver, selling a house, or purchasing a new policy.

Hope these tips help! Feel free to share this timely reminder with your network, and reach out if any questions “spring” up 🌸

It’s St. Patrick’s Day ☘️ 🍻 We hope everyone has a wee bit of fun with lots of luck and laughter 🌈

How will you be celebrating? Tell us in the comments below!

You know what day it is: Pi Day 🥧 In honor of 3.14, we wanted to share this perfect apple pie recipe: https://www.youtube.com/watch?v=SLmmKPn5gmI

Have fun and enjoy 🍎🤤

Did you know? We wanted to share some fun facts … and some not-so-fun facts that come with a bit of good news: we’re here to help. Reach out anytime 🤝

⚠️ Attention, business owners ⚠️ This is a friendly reminder that your estimated tax payments are due on April 18th! That means you should have these four things done by then:

✅ File all receipts and invoices

✅ Review your balance sheets

✅ Update your financials

✅ Make a plan for Q2 of 2023

If you need help wrapping up Q1, feel free to reach out to us. We’d be glad to help!

Check it out guys! Our 2023 March Update has been uploaded to our blog! We hope you find this useful and informative...

2023 March update: U.S. equity indexes.. Hello friends!!

Hello all! We have a brand new blog uploaded on our website check it out!

February Financial Market Update Hey friends!

If you’re an employer, you may be wondering how the recently enacted SECURE Act 2.0 will affect your employer-sponsored 401(k) plan 🤔 Although some of these changes won’t happen for a few years, here are a few ones employers should know:

🟢 Part-time workers now only need to work 500-999 hours for two consecutive years to be eligible for a company 401(k) plan.
🟢 Starting in 2023, small businesses may receive a credit covering up to 100% of the cost of setting up a retirement plan.
🟢 Employers can now offer employees the choice of receiving vested matching contributions to Roth accounts.
🟢 Starting in 2025, employers must automatically enroll employees in 401(k) and 403(b) plans, with exceptions for businesses with less than ten employees, churches, and governmental plans.

We know these changes are a lot to digest, so if you have any questions, reach out to us! We’ll be happy to discuss any adjustments that need to be made in light of this new law.

Hello Friends! Our February Webinar is out, and it's all about the 2023 Financial Fitness Checkup that we sent out at the beginning of the month. How Financially Fit are you? It's never too late to start asking yourself the important questions.

Charlotte goes over the 57 Questions that we ask our clients and prospects, by answering these questions you could uncover new opportunities and continue to prosper in 2023.

Financial Fitness 2023 Checklist Charlotte goes over the 57 Questions that we ask our clients and prospects, by answering these questions you could uncover new opportunities and continue to ...

2022 was a rough time for real estate, with mortgages and house prices staying higher than many might like 📈 But we’ve got some good news for all you homebuyers and investors, courtesy of the Federal Housing Finance Agency (FHFA):

🏠 For 2023, the FHFA has increased the baseline conforming loan limit from $647,200 to $726,200 for single-unit properties.

🏠 This means that $726,200 is the maximum amount you can borrow before the loan would be considered a jumbo loan.

Keep in mind that there are some exceptions for multi-unit homes, high-cost areas, and Alaska, Hawaii, Guam, and the U.S. Virgin Islands.

Reach out to us if you have questions–we’re always here to help! While you’re at it, share this post to spread the word ➡️

Check out Xero's New Deal!
What sounds better than accounting software that saves you time and lets your business thrive? 🤔

Getting your first 3 months 75% off! 🤩

Pick the perfect plan for your small business before March 31st, and start making your accounting a breeze. 👇
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Terms apply.

Pricing Plans | Xero Find a Xero pricing plan to suit your business. All plans cover the accounting essentials and have room to grow.

I hope you’re well today. As someone who regularly works with people who’ve experienced financial setbacks due to weather-related disasters, I’m sharing some guidance I encourage you to take to heart.

While protecting your home and belongings during hurricane season is always a good idea, I don’t want you to overlook your finances. Here are three tips to consider as we approach the 2023 hurricane season:

Pad your emergency fund. According to a 2017 study that analyzed the financial impact of two major hurricanes on nearby households, residents in high-risk areas need a financial buffer to cover expenses related to evacuation and storm preparation materials, as well as losses they might experience during and after a storm.

Review your insurance. If you’re new to living in a hurricane-prone area, remember there’s no such thing as “hurricane insurance.” Look for wind coverage instead. Additionally, even if your policy covers wind, you may have to pay a separate hurricane deductible (another reason an emergency fund is critical). Flood insurance is another coverage option to consider.

Document your valuables. Keep photo and written records of your personal property, and ensure you have copies of essential documents, such as birth certificates and wills, stored in a safe, waterproof location.

I hope you never experience serious fallout from a hurricane, but if you do, I want you to be financially prepared. If you have any questions about anything financial-related, please do not hesitate to reach out. We’re here to help you weather whatever the future holds.

ONEWEALTH RISK MANAGEMENT Assets. Managed.

Check out our most recent Blog Article on our website!

How to start investing in real estate According to a 25-year-old who co-owns 5 properties worth over $9 million

How fit are you financially?
Financial Fitness Checkup Campaign

57 questions you want clients and prospects to answer to uncover new opportunities to deliver your best service
It's never too late to get a check-up!

Head over to our website www.onewealthllc.org to download your Financial Fitness Checkup PDF today!

Check out our new article on our Accounting and Tax website! Each of our individual lines of business has unique informative posts updated regularly, if you'd like even more content from us sign up for our Monthly Newsletter.
You'll receive content just like this (& more) straight to your mailbox!

IRS Announces new 401(k) limits Hope you’re doing well today. I thought I’d send over a quick note regarding the IRS’s announcement in late October regarding retirement account limits for 2023 (IRS). I’m here to help with any questions you may have. 

The IRS released its inflation adjustments for the 2023 tax year 👀 Here are the major changes to note:

✅ Higher tax brackets – find your tax bracket here: https://news.bloombergtax.com/financial-accounting/your-first-look-at-2023-tax-brackets-deductions-and-credits
✅ Larger standard deduction for single filers and married couples filing jointly
✅ The estate tax exemption increases for single and joint filers
✅ Higher contribution limits for retirement, FSAs, and HSAs

I know taxes can be confusing, so don’t hesitate to reach out if you have questions! Share this post to help people in your circle ➡️

Entering a new phase of life can be scary on its own, but the prospect of no longer earning steady wages can make retirement a particularly tough decision.

The good news is that there are some signs that you are financially ready to retire. Take a look at four key ones below.

1️⃣ You are debt-free. You want to pay off debt during your working years, not when you’re on a fixed income. Prioritize debt payoff ahead of retirement.

2️⃣ You have enough saved. You’ll generally want at least 70% to 80% of your pre-retirement income.

3️⃣ Determine a retirement budget. Confirm how much you’ll need (and whether you have enough) by creating a retirement budget–be sure to consider travel plans, etc.

4️⃣ You have reviewed your portfolio. Take a look at your current investments and plan ahead. Often, your portfolio will need to be more conservative in retirement.

Ultimately, if you’re thinking of retiring, it’s a good idea to talk to a financial advisor well ahead of time so that you can enjoy retirement to its fullest 🥳

On that note, what are you looking forward to most during retirement? Share in the comments below ↩️

The reality: keeping a strong employee benefits package depends on how often you monitor and update it. Check out these five tips for your next benefits audit:

🏢 Benchmark your offerings - Take a look at what other companies of your size, industry, or geographic area offer their employees. You might be surprised to learn what benefits your competitors provide
📈 Look at the trends - Take note of benefits trends to ensure your benefits package is keeping up with the times
❓ Survey employees - Ask exiting and current employees which benefits matter most to their quality of life
📝 Consider training - Offer employer-funded courses inside or outside the workplace to bolster worker development and morale
📍 Evaluate location - Work-from-home and hybrid offerings can help improve work-life balance in tangible ways

Any thoughts on these pointers? Drop them below!

"The 10 best cities to buy a home in 2023 are all in the South."

What we're reading right now...
https://www.cnbc.com/2023/01/22/best-real-estate-markets-to-buy-a-home-in-2023.html

Important reminder 📣 Tax Day is approaching, and our team of experts is here to help!

The deadline to file is April 18, so please get in touch with us soon to get the ball rolling.

Can you believe January is already here? To our team, it feels like Halloween was just a few weeks ago. That said, we know winter can be a busy time, so reach out if we can help with any financial needs. This week we've expanded our Social Medias, we've been updating our LinkedIn account as well as pages for our various lines of business so be sure to Like & Follow our new accounts!

https://www.linkedin.com/company/onewealth-llc/

And because our team is currently divided on this ~ very important ~ subject, we’d love to hear your take on which winter month is best:

❄️ January

💕 February

🍀 March

Comment your answer with the corresponding emoji below, and help us settle this office debate once and for all!