Penney, Murray & Associates

Please join us in congratulating Joanna Dettmer, CRPC™️ on being promoted to Associate Financial Advisor. Since starting with our practice in 2015, Joanna has provided excellent service to clients. Joanna is an integral part of our team, and we are excited to see her continued growth and success.

Today we volunteered at the Ozarks Food Harvest as part of the Ameriprise National Day of Service. Our staff enjoyed working with a few of our clients to help families in our community. We sorted through 11,822 pounds of frozen food and produce, which will provide 9,851 meals for local families. We were also able to donate $475 and 108 pounds of food that was collected at our office. Thank you to all who participated!

Help ease the stress on yourself, your family or other beneficiaries by keeping your financial information up to date and in one place. Let’s review your accounts together.

With markets performing better than expected in 2023, it’s not uncommon for investors to experience some FOMO. While timing the market is impossible, if you have cash on the sidelines, let’s connect. I can provide personalized recommendations to help you meet your financial goals.

Did I miss it? A look at 3 key investment opportunities Will the performance of bonds, stocks and international equities continue?

One day you’re celebrating the first day at a new job. The next thing you know, you’re toasting to your retirement. Together we can work to take the right steps today — before you stop working — to support your retirement plans in the future.

It’s never too late (or early) to start saving for retirement. Let’s review your current financial picture and discuss retirement strategies that are right for you.

Retirement planning: The basics Understand the key steps to get started on planning for retirement.

Investing requires balancing the potential for risk with the possibility of reward. Together, we can review your portfolio and adjust your allocations as needed.

Whether you're thinking of downsizing or rightsizing your home in retirement, here are a few factors to consider.

Downsizing your home in retirement As your life evolves, your needs change. Here is what to consider as you evaluate your housing options in retirement.

Speculating about the next major market move can be enticing but should not substitute sound planning. Together, we can review your portfolio and adjust as needed.

Today, we volunteered at the Ozarks Food Harvest. We sorted through 3,289 pounds of fresh produce and 7,291 pounds of frozen food, for a total of 10,580 pounds! This was enough to supply 8,817 meals for those in need in the Ozarks. In addition, Ron and Janice Penney personally donated $10,000 to the Ozarks Food Harvest! We would like to thank all those who volunteered their time for this great cause.

How can you retire more comfortably and confidently during a challenging market? One option to consider is leveraging a bucket strategy, which segments your assets into three, time-focused categories. Let’s discuss if this option makes sense for you and your goals.

Market volatility is a natural part of investing. Together, we can navigate short-term needs while staying focused on your long-term goals.

What are you working toward? The key to achieving your financial goals is to keep moving toward them. Let’s connect and review your progress.

Are you concerned about the impacts of taxes on your retirement savings? These strategies can help you reduce your taxes for the long term.

Manage your taxes in retirement Get tips to help reduce taxes in retirement. These strategies may help you keep more of your money.

I’m proud to announce that Barron’s has included me on their 2023 Top 1,200 Financial Advisors list. What an incredible honor – one that recognizes my commitment to providing financial advice that helps my clients meet their goals in both the short and long term. Thank you to my extraordinary team and clients. You inspire me each and every day.

Seth Murray CRPC in Springfield, MO Get financial guidance in Springfield, MO from Seth Murray & balance pursuing tomorrow's dreams with your goals for today.

Should you roll over your 401(k) now or wait? Together, we can assess your options and determine the best plan of action for you and your goals.

Reasons to consider an early 401(k) roll over Changing jobs isn't the only time to roll over your 401(k). Learn about 401(k) rollover rules while still employed and other tips to manage your savings.

For most of us, financial freedom doesn’t happen overnight – it takes dedication, perseverance and a long-range view. What financial milestones are you working toward?

Higher interest rates – a net positive or negative for consumers? The Ameriprise Investment Research Group views it as a negative for economic activity but a potential positive for consumer balance sheets.

Do you feel financially confident in today’s market? We’ll give you personalized advice to help you reach your long-term goals.

If you or your dependents have been in the hospital or had other significant medical or dental expenses, keep the receipts — they could help reduce your tax bill.

Selling stocks at a loss can offset the taxes you would pay on other investment gains. This strategy is one way to use the tax code to reduce the sting of an investment loss.

Want to reduce your taxable income? Contribute to your retirement account. This easy, straight forward tax strategy can be used by most workers. Plus, you'll be one step closer to reaching your retirement goals.

Charitable contributions can be tax deductible, and you don’t have to give cash. Donations of clothes, food, or household items, for example, can lower your tax bill.

If you have a high-deductible health plan, consider using a Health Savings Account. This account offers tax benefits for today and tomorrow:

1. Contributions offer an immediate tax deduction
2. Earnings grow tax-deferred
3. Withdrawals used to pay qualified medical expenses are tax-free

The Social Security Administration’s 2023 Cost-of-Living Adjustment (COLA) is the biggest increase in four decades. This announcement comes as Americans continue to experience rising prices. If you’re concerned about inflation and its impact on your financial goals, reach out now.

Social Security COLA 2023 benefits are rising 8.7% — here’s what that means for recipients Welcome the increase, but be mindful of your spending in this high-inflation environment.

From Medicare to HSAs, there are numerous ways to cover medical expenses in retirement. We can help you evaluate projected costs, including the potential for long-term care coverage.

Planning for health care in retirement With rising health care costs, will you be able to save enough for healthcare in retirement? Explore potential health expenses and make sure you’ll be covered.

Commodities like energy and agriculture have seen big price jumps this year as demand for basic materials rebounds. Let’s discuss whether commodities may be a good alternative investment.

From residential to commercial to real estate investment trusts, real estate investing has shifted in recent years. Together we can explore the topic of real estate trends.

Did you follow the GameStop frenzy in January 2021? Welcome to the world of meme stocks. While the social media buzz is fun to follow, investment in meme stocks may not be appropriate for many long-term strategic investors.