GCG Wealth Management, LLC.

Check out Joel Burris' exclusive interview in the Charlotte Business Journal as he discusses some of GCG's greatest accomplishments, the people and ideas that inspire him, and his rise to leadership at GCG Wealth Management.

Click the link below to read the full interview!

Most Admired CEO Awards: Joel E. Burris, GCG Wealth Management - Charlotte Business Journal Joel E. Burris with GCG Wealth Management is an honoree in CBJ's Most Admired CEO Awards.

"Where liberty dwells, there is my country." –Benjamin Franklin

Today and forever, GCG remembers and honors those who gave their lives so that we may live ours more freely.

🍎✏️ It takes a special kind of person to be a teacher, someone who is patient, kind, and passionate about helping others. Today we honor and thank them for their tireless efforts to shape the minds of our youth. Happy National !

Honoring the few that protect the many.
With heavy hearts, we offer our prayers and condolences to the CMPD, as well as the families and loved ones of: (left to right) Officers Joshua Eyer, William “Alden” Elliot, Samuel “Sam” Poloche, and Deputy US Marshal Thomas M. Weeks.

“Passover affirms the great truth that liberty is the inalienable right of every human being.” -Morris Joseph. Happy Passover!
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Happy St. Patrick's day! 🍀🍻

What better way to celebrate than to announce our employee of the year, Jessica Ghencian! After eight years of working as a Dental Assistant, Jessica Ghencian redirected her career path to Wealth Management in 2020. Jessica began at GCG as a receptionist, but quickly became enthralled with the business and began working alongside advisors. She’s now the Business Manager to one of GCG Charlotte’s top producers, the Howe team, and continues to hone her expertise in insurance and client relations. Jessica is delighted to be surrounded each day by those that reflect what she is striving to become. When asked to share piece of advice for the women in finance, she believed the words of Greek philosopher Epictetus put it best in saying: “Every difficulty in life presents us with an opportunity to turn inward and to invoke our own inner resources. The trails we endure can and should introduce us to our strengths.-Dig deeply. You possess strengths you might not realize you have.”

📸: Julia Fay Photo

Thanks to annual tax filing, most people grasp the terms “adjusted gross income” and “filing status,” but what is “modified adjusted gross income?” What about standard and itemized deductions? Before you file your taxes, get up to speed on all the lingo.
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://www.creditkarma.com/tax/i/common-tax-terms-know-filing-taxes

40 common tax terms to know when filing your own taxes Filing your own taxes? Whether you're e-filing or mailing your return, here's a helpful list of common tax terms you need to know.

This Valentine’s day, show your finances some love by reviewing your accounts and investments. By taking time to assess your financial situation, you can ensure it continues to align with your budget and goals and adjust as needed; just contact us to set up a review appointment. Sending you warm wishes for a fantastic February!
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The IRS announced adjustments for 2024, which address a few key areas: There are changes to capital gains tax rates, annual exclusion for gifts, estate tax exclusion, and more. Have questions about the new rules? Reach out to your financial advisor at GCG for more 2024 tax resources.
This material is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax professional before modifying your tax strategy.
https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2024

IRS provides tax inflation adjustments for tax year 2024 | Internal Revenue Service IR-2023-208, Nov. 9, 2023 — The Internal Revenue Service today announced the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes.

“Injustice anywhere is a threat to justice everywhere.”-Martin Luther King Jr.

This February, we celebrate the rich history and achievements of the Black community. Join us in learning about the incredible contributions Black individuals have made to the world.

January is Financial Wealth Management month: a perfect time to evaluate your financial habits from 2023 and set goals for the year ahead. Having your financial strategy in place can not only mean a great deal to you in the long term, but it may provide you some comfort in the short term. Here are the right questions to ask yourself this month. Reach out to your advisor today to better your tomorrow.
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Not everyone gets the privilege of spending the holidays at home, so GCG brought some holiday cheer to the Central and Metro CMPD divisions on Christmas eve! Thank you, CMPD, for your bravery and service! 👮‍♀️🎁👮‍♂️

Merry Christmas day! We hope you have a joyous time celebrating with your family and friends!
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Merry Christmas Eve! We hope your homes are filled with joy, warmth, and abundant laughter!
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“Is it better to use my income to pay off debt or save for retirement?”
While it’s typically best to pay off debt first, it’s important to note that you shouldn’t treat all debt equally. The trick to knowing when to prioritize debt over savings vs. savings over debt lies in whether it’s “good debt” or “bad debt,” as well as the interest rate associated with it.
You should also approach your debt payments strategically. For example, if you have a mortgage loan at 4% interest and your investment accounts are earning 6%, you should let your accounts ride and pay off your mortgage over time. But if you have credit card debt accruing an interest rate at 14%, it would be extremely beneficial to pay off the credit card first before making more contributions to your investment accounts.
It’s important to note that living within your means is crucial -- it makes credit card debt less likely and allows you to invest more of your money. How you manage your debt today plays a significant role in your retirement dreams. If you’re unsure about whether or not to pay off a particular debt, or would like a second opinion about your financial strategy, give our office a call. We’re here to help.

Learn how to spot and avoid common scams with these helpful tips to help protect you and your loved ones. http://bit.ly/3DV3e0K

Scam, Fraud Alerts - Protect Your Digital Identity Get notified about the latest scams in your area and receive tips on how to protect yourself and your family with the AARP Fraud Watch Network.

🎁🎄 Want to give back to the community during the holidays but don't have the extra hours or funds this year? Here are some ideas for good deeds that won't break the bank or require too much time but will still spread a lot of joy.

42 Beautiful Gifts That Give Back These gifts that give back won't only make the recipient happy—they'll also make the world a better place, making them the perfect gift.

The end of the year is approaching, and as a taxpayer, you can make some last-minute moves to improve your financial position come tax time. By making tax-free donations or contributions to retirement accounts, you can shrink your taxable income, which can equate to a larger tax refund or less owed.

The following are some simple options you may want to consider taking advantage of by year-end:

🎁 Charitable gifts

🎄 Traditional IRA contributions

💰 401(k) contributions

🎅 Contributions to other retirement plans

⭐ Health Savings Account (HSA) contributions

Reach out to your financial advisor to build a tax-reduction plan that works for you.

Happy Thanksgiving! 🍗🍴 As you’re stuffing the turkey this thanksgiving, don’t forget about stuffing your retirement funds to make future-you thankful, too!

Happy Veterans Day to the brave US men and women who have fought to protect our independence!

Have a safe, spooky, and happy Halloween! 🍁🍂🎃

🎖🎉Happy National Boss’s Day to our fearless leader, Joel Burris! Read about Joel here: https://www.gcgwm.com/joel-burris

👉📊 The recent news of the traumatic conflict in the Middle East triggers feelings of both sorrow and fear, including fear of how this will impact financial markets.

The U.S. and global economies were already rattled by inflation and rising interest rates. With the news of the surprise attack by Palestine’s Hamas group on Israel (and Israel’s subsequent declaration of war), there are certainly worries about how this could impact financial markets. The fallout of this war will take time to be fully understood, but if the conflict spreads to the rest of the Middle East, there could be far-reaching concerns. Iran, specifically, supports Hamas and is a significant oil producer; if they become embroiled in this conflict, it will likely impact the price and availability of crude oil.

Just after the Hamas attack, crude prices jumped by about 4%, but that’s a typical “fear premium” market reaction based broadly on the speculation of higher risk. It wasn’t a huge increase, and prices readjusted over the following days. While none of us knows for certain how things will play out, investors are understandably watching closely to see the impact of these events on an already volatile market. And the potential for far-reaching and/or long-term effects can be especially worrisome for those who are following this crisis closely. Please know that we are continuously evaluating what it may mean for world and U.S. markets as well as your personal investments.

If you’re looking for more information to better understand the roots of this conflict, Financial Times put together a list of recommended books to help you understand the Israeli-Palestinian conflict: https://www.ft.com/content/0bdab111-19a5-47d4-b64d-226dd7699ad0

Reach out to your financial advisor if you have any questions or concerns. We've always got your back!

Source: FMG Suites

October is Breast Cancer Awareness Month. No matter who you are or where you live, breast cancer may touch your life. Get to know breast cancer warning signs, your risk, and what's normal for YOU so you can act if something seems different.

This past Saturday marked the first day of Autumn, and GCG Headquarters is heading into Q4 in proper Fall fashion! 🍂🍁

Warren Buffett once said, "I would tell [investors], don’t watch the market closely."
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In recent weeks, oil prices have rallied higher, and the Fed indicated higher interest rates may be here for a while. And there’s a headline risk that lawmakers may struggle to get a budget passed, which may lead to a short-term government shutdown. If you listen to market pundits, it sounds like it’s going from bad to worse.
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But August is over, September is ending, and next up is October–a month that has had its share of volatile moments over the years. It’s a seasonally weak period for stock prices, and that’s important to remember as stock prices churn a bit.
Summer ended on September 22, so take a break from scrutinizing stock prices and focus on enjoying your favorite fall activities.
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If you want an update, please reach out to your financial advisor. Otherwise, it may be best to follow Warren’s advice and not watch too closely.

📊📉👉 Stocks ended the week roughly where they began as investors digested a mixed set of new economic data.

Looking for a low-effort, low-cost way to give back to your community? It starts with an aluminum can. Before throwing away your beverage can, safely wiggle the pop-tab off and set it aside to be donated to Ronald McDonald House of the Carolinas. RMH collects pop-tabs in large quantities to exchange for a check at the recycling center, helping them keep their doors open to families in need.
When you have collected a large number of tabs, bring them by GCG’s Charlotte office and we will make sure they are donated to RMH.
Check out the video below for more information!

RMHC of the Carolinas Pop Tab Program Collecting pop tabs is a fun and easy way to give back to the Ronald McDonald House in Greenville – perfect for all ages and groups. Check out this video to ...

Today we somberly remember September 11th, 2001.
“If we learn nothing else from this tragedy, we learn that life is short and there is no time for hate.” -Sandy Dahl, wife of Flight 93 pilot Jason Dahl