SRT Wealth Design Group, LLC

Today, we celebrate the incredible impact teachers have on our lives and communities. Your dedication, passion, and hard work inspire countless students to reach their full potential.

Let’s take a moment to appreciate all the teachers out there—your influence is immeasurable! ❤️📚

The AOTC provides a tax credit of up to $2,500 per eligible student for the first four years of post-secondary education. On the other hand, the LLC offers a tax credit of up to $2,000 per tax return for any level of post-secondary education, including graduate courses, provided the taxpayer meets certain income requirements. This is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax professionals to understand whether you might qualify for any tax credits before moving forward with AOTC or LLC.

UGMAs and UTMAs take the form of a trust. Your child can use the UGMA or UTMA funds to pay for college; however, once that age is reached, your child can also use the money to pay for anything else. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.

Coverdell ESAs can be used for K-12 expenses in addition to higher education costs. Contributions may be made until the account beneficiary turns 18. The money must be withdrawn when the beneficiary turns 30, or taxes and penalties may occur.

Starting in 2024, the SECURE Act 2.0 allows recipients to roll over unused savings into a Roth IRA, if it benefits the same individual under certain conditions. Currently, money from a 529 that is used for non-educational expenses is subject to penalties and taxes.

One of the greatest parts of my job as a financial professional is working with families, helping them pursue their goals. Among the most important of those family goals is saving for college.

UBS's 2024 global wealth report reveals eye-opening trends:
Did you know 1 in 15 Americans has a net worth of $1 million+?

Global wealth bounced back 4.2% in 2023, with projections suggesting continued growth in millionaire numbers through 2028.

These statistics offer a fascinating glimpse into wealth distribution and potential economic shifts. Remember, everyone's financial journey is unique.

👉 Schedule a review of your long-term financial strategy today. Let's ensure you're positioned to navigate these evolving economic trends!


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One out of every 15 Americans is a millionaire, UBS says The U.S. has 22 million people worth at least $1 million, according to UBS, about the same as Western Europe and China combined.

Happy Labor Day! 🛠️
Today, we take a moment to recognize and appreciate the hard work of individuals across the nation.

Whether you're relaxing at home or enjoying a well-deserved day off, I hope you're able to recharge and enjoy this special day.

To the builders, creators, and doers: Happy Labor Day!

When I meet with people, one of the first topics we discuss is "emergency fund" money.

Fortunately, households appear to be committed to saving for a rainy day. As you can see here, checking accounts and currency held by households is just a tick over $4 trillion, a steady increase from less than $1 trillion in 2019.

🌟 Age is just a number! Forbes' 50 Over 50 list proves success has no expiration date. 💼

Here are a few of the exceptional women who've made the list:
🧑‍🌾 Miriam Rivera: From migrant farmer's daughter to VC powerhouse
🤖 Peggy Johnson: Leading robotics innovation at 62
🏀 Dawn Staley: Basketball legend turned championship-winning coach

These inspirational stories showcase how experience and wisdom can fuel incredible achievements. It's never too late to pursue your dreams or pivot to a new career!

What's your take on age and success? Share your thoughts! 💭


Source:

Forbes 50 Over 50: Meet The Women Winning Life’s Second Half For these entrepreneurs, educators, athletes and dreamers, age has no limits.

Purpose powerful conversation with powerful women listen and learn

A Purpose-Driven Year with Guest Yolanda Reed - Dr. P On The Pod Yolanda Reed is the Owner, President and CEO of Eudora Enterprises, LLC where she functions in the knowledge, understanding and workings of the Proverbs 31 woman. She purchases real estate and invests in other capital ventures. “She considers a fi...

We are grateful for all of the community support throughout the years. We will continue our vision to see black women and girls live in a world where socio-economic inequity does not exist.

-rma

Women need to plan for Retirement Differently Than Men: Women face unique challenges living longer, earning less, saving less taking career breaks and caring for family members. Means smaller Social Security, Pensions and retirement savings. Make a plan.

After the Black Friday frenzy, let's keep the momentum going and celebrate Small Business Day! 🛍️❤️

Small businesses are the heartbeat of our communities, and they need our support now more than ever. Today, make a conscious effort to shop small and share the love. Tag your favorite local businesses and use
to let them shine. Show the world the gems you've discovered in your neighborhood and help these incredible entrepreneurs thrive.

We'll start the shout outs in the comments with our favorite small businesses, be sure to comment yours!

Together, we can make a big impact, one small business at a time. 💪💼

Just Remember Black Friday is not about how much you spend, but how much you save. And sometimes, the best savings are the ones you don’t make.

The Best Hotels of New York for Thanksgiving From Big Apple views to gorgeous Upstate getaways, there’s nowhere better to celebrate than the best hotels in New York during Thanksgiving.

Happy Birthday to my baby girl. My mini-me. From terrific kid to beautiful Queen mother I’m so proud of you. love you to life daughter. 🎂🔥😘😘😘❤️❤️❤️