Covington Financial Group of Raymond James

Personal finance is an important life skill to instill in your children. Here are 4 skills you can start with when teaching your child about money.

4 priceless money lessons for kids www.raymondjames.com

When deciding whether to make contributions to your retirement accounts before or after tax, remember to consider all the factors. Here are a few benefits and limitations regarding Roth IRAs.

Making the most of a Roth IRA www.raymondjames.com

Are you looking to earn 4.5% on your CASH with same liquidity and FDIC protection as your savings account?

We've got you covered...call/email me for details:

(D) 803-576-4932
(E) [email protected]

Raymond James Bank Enhanced Savings Program www.raymondjames.com

As we enter the new year, it's a great time to reflect on all that you've done in the past year and set some goals for what you want to achieve in 2023.

If you're looking for some help setting those goals and creating a financial plan, we'd love to help.

Investing can be a tricky business. There are so many options, and it's easy to get overwhelmed. The good news is that we'll help you make informed decisions that will keep you on track for your long-term goals!

In the spirit of giving back, here are three end-of-year charitable donation tips that you might not have thought of.

May the holiday season fill your home with joy, your heart with love, and your life with laughter.

We really want to take a moment today to thank you for being part of our community. We are grateful to all of our clients for making us better each day.

Here's to a happy holiday season!

A Santa Claus rally describes a sustained increase in the stock market that occurs in the week leading up to Dec. 25.

The term originated with traders who thought that St. Nick would deliver gifts for investors when he returned from his trip around the world on Christmas Eve (as depicted by Clement Moore's poem "A Visit from St Nicholas").

In reality, Santa Claus or St. Nick doesn't determine whether or not your investments will rise or fall—but there are some other factors that can affect how well they perform during this season of giving (and receiving). If you'd like to understand them better, we're here to help.

Financial KPIs, or key performance indicators, are a way to measure the health of your business. If you're a business owner, here are some common ones to consider:

• Sales: How much money did you make?

• Expenses: How much money did you spend?

• Income: How much money did you earn from profit?

• Profit margin: The amount of money left over after expenses are paid.

If this sounds like something you'd like to learn more about, consider scheduling a consultation with us. We'll be happy to help!

When the markets are scary, it's hard to know what to do. We hear you.

And we're here for you. Whether you need some time with a financial advisor or just want a reminder to keep your eye on the long-term, we've got time and space to listen. Just give us a call.

May your Hanukkah be warm and wonderful, filled with light and love!

We hope you have a wonderful time celebrating with your family and friends this year.

If you suddenly find yourself with 42 geese-a-laying you may want to call your local bird rescue but if you find yourself with a 42% increase in income, you might want to call us.

When you're a busy executive, it can be difficult to take the time to look at your portfolio as a whole. You have so many different assets and investments that it's hard to keep track of them all.

Social Security benefits will increase by 8.7% in 2023, and you'll want to plan ahead to make sure you're getting the most out of your money.

If you have more questions about how Social Security works, or about how to plan for retirement in general, schedule a time to talk with us—we can help!

If you're like most Americans, you're confident about your retirement plan.

That's great news, but it's also important to remember that being confident isn't enough.

If you want to ensure that your retirement plan is secure, it's important to work with a financial advisor who can help you make smart decisions now. When you're ready to secure your future, we'll be here for you.

If you're an entrepreneur or business owner, it's important to plan ahead. There are a lot of financial puzzles that need solving: transferring assets, mitigating taxes, and timing your exit just to name a few.

We can help with all of that—and more! We specialize in helping business owners like yourself navigate the complex world of finances so that you have more time to focus on what matters most: running your business and enjoying life.

Reach out today if you need assistance.

As of January 1st, 2023, the maximum annual contribution to a 401(k) plan for employees age 49 and under will increase to $22,500. The catch-up contribution limit for employees will increase to $7,500 in 2023. As always, catch-up contributions can't be used as part of the minimum required contribution (MRC).

The IRS also announced that the IRA contribution limit will remain at $6,500 for those aged 49 and under and $7,500 for those aged 50 and over.

A new survey finds that only about 33% of Americans have established estate plans.

Adults of any age or asset level can benefit from stipulating their wishes for their assets and care. If you need professional assistance, we're here to help.

If you're an executive who is heavily investing in concentrated stock, you might be wondering how to get the best possible return on your investment.

We have some tips for you! If you have any questions, please reach out to schedule a consultation.

As we enter December, it's time to start thinking about end-of-year financial deadlines.

Whether you're looking to maximize your tax savings or make sure that your charitable giving is set up to make the biggest impact possible, it's important that you keep track of all of these deadlines. Contact us if you have any questions.

Regret aversion bias seeks to avoid the emotional pain of regret often associated with poor decision-making. In finances, this bias can cause financial harm to investors who may, for example, shy away from markets that have recently generated losses.

If you find yourself struggling with regret aversion bias, we can help provide an objective opinion and a second look at your portfolio.

An active investment strategy often involves frequent trading. This investment style typically requires a high level of market analysis and data, as well as constant attention to the markets.

Passive investing, on the other hand, is usually centered on buying assets and holding them for the long term.

Which of these styles better reflects the way you invest? Let us know in the comments!

Shopping small has a big impact on your community. Small Business Saturday is a great way to support your local businesses and help create a more vibrant, sustainable community.

Who's your favorite small business? Tag them in this post!

In this season of thanksgiving, our thoughts turn gratefully to you and your families. Our best wishes for plentiful meals, rooms of familiar faces, and a year of happiness ahead.

When we plan on our own, we sometimes don't see the blind spots that hinder us from our goal.

Working with a financial advisor can help illuminate those blind spots, so that no matter what happens, you'll be financially sound.

In current times, business executives may find it nearly impossible to balance the management of day-to-day tasks while also focusing on short and long-term goals.

Does this sound like you? Do you find yourself under-delivering on finance KPIs, having insufficient finance department support, or having poor financial knowledge?

With the right financial advisor, you can focus on what you love to do—managing your company—while we focus on the financial details of how.

It all starts with a phone call.

While all charitable giving is positive for the community, incorporating it into your overall financial plan can maximize philanthropic, tax and legacy planning goals.

We can help you build a strong foundation of knowledge to arm yourself with in order to drive more strategic and impactful charitable giving. Give us a call today.

We all dream of winning the lottery or selling our million-dollar idea. But what happens when that dream becomes a reality?

While it's important to speak to a team of financial and legal advisors, here are some general tips on how to manage a sudden windfall.

Risk tolerance refers to your ability to take on risk with your investments. There are two main considerations that go into your risk tolerance: your financial capacity to take on risk and your personal comfort level. Together, they help determine the right asset allocation in your portfolio.

For example, a low-risk tolerance means you may invest 40% in stocks, 50% in bonds, and 10% in cash; but a more aggressive (riskier) approach may include 90% in stocks and 10% in bonds.

Now is a great time to make certain your risk tolerance matches your portfolio.

To our men and women in uniform—past, present, and future—thank you for your bravery, sacrifice, and dedication to our country. We are immensely grateful.

If you're thinking about exercising your employee stock options, it's important to have a strategy in place. Here are a few different options you can bring to your financial advisor to discuss in depth:

1. Sell to cover - buy shares of your company stock, then sell just enough of the shares to cover the cost, taxes, and brokerage commission and fees.

2. Buy shares of your company stock and then hold the stock.

3. If your company is public, you may be able to sell the shares all in one transaction. A portion of the proceeds will go towards the purchase, taxes and fees, and you'll keep the rest.

Long-Term Care Awareness Month serves to remind us of the importance of working with your financial team when planning for long-term care needs. Here are some critical conversation points to keep in mind when having this discussion.

Savvy business owners know that delegating tasks to the right party saves time and resources. How can a financial advisor help you as a business owner?

• While you're busy making day-to-day decisions, we're keeping a sharp eye on your business and personal finances.

• We can help you invest strategically for the future.

• You may have a good plan for sustaining your business, but what happens when you want to retire? We can help make your succession seamless and painless.

If you're ready to save time and energy on managing the finances of your small business, we're here to help.

If you're worried about a recession, the most important thing you can do to protect your portfolio is to talk to your financial advisor. In the meantime, here are some tips on how to brace for an economic downturn.

Wishing all of our clients a boo-tiful Halloween!

If you set out on a journey without a map, you'll arrive somewhere, but perhaps not where you expected.

Going through life without a financial plan could have the same consequences. We're here if you need some direction.

Starting a business: Check.
Successfully operating a business: Checkmate.

How do you get from one to the other? With an excellent strategy. Here are some key plays in a successful business plan.

Does market volatility have you too spooked to look at your portfolio? We can be just the pair of eyes you need. If you'd like a second glance at your portfolio, retirement plan, or financial plan, we're here to help.

By reframing—and reclaiming—aging, we can look at the process of growing older as a wonderful and important component of life.

We're here to help equip you with the financial tools necessary to live your happiest, healthiest, and most fulfilled life, at every age!