As 2024 comes to a close, we want to thank you for being a part of our Safe Money Mindset journey. This year, we’ve covered a wide range of topics designed to help you take control of your financial future. Let’s take a moment to reflect on everything we’ve explored this year and look ahead to how we can make 2025 your best financial year yet.
Looking Back: Topics We Explored in 2024
- Introducing Safe Money Mindset
- The Power of Accumulation and the Art of Dollar Cost Averaging
- The Steady Waters of Wealth Preservation
- Crafting Your Retirement’s Financial Fabric: The Distribution Phase Unveiled
- The 3 Things Everyone Is Looking for in an Investment—Whether They Know It or Not
- The Three Worlds of Money
- Mastering the World of Banks: Beyond Safety and Liquidity
- The Insurance Gateway to Growth, Stability, and Legacy Building
- Mastering Wall Street: A Strategic Approach to Growth and Liquidity
- Crafting Your Retirement Paycheck: An Essential Guide
- Maximizing Your Social Security Benefits
- Golden Years Guaranteed: Mastering Your Pension Plan
- Blending Dividends and Bonds for a Fulfilling Retirement
- Navigating Systematic Withdrawals for Your Retirement
- Creating Your Own Personal Pension
- Tax Strategies Decoded: Unlocking Financial Clarity and Control
- Mastering Your Taxes: Understanding Tax Brackets, Filing Statuses, and Strategic Tax Planning
- Unpacking FICA and Other Payroll Taxes
- Income Tax vs. Capital Gains Tax: Understanding the Differences and Implications
- Understanding the Tax Status of Accounts: Tax-Deferred, Tax-Free, and Non-Qualified Accounts
- Navigating Required Minimum Distributions (RMDs)
- Unpacking Special Tax Circumstances: Gift Taxes and Estate Taxes
- Mastering Tax Planning Strategies for a Secure Retirement
- The Importance of Estate Planning
- The Essential Guide to Wills in Estate Planning
- Unlocking the Power of Trusts in Estate Planning
- Understanding the Power of Attorney
- Ensuring Your Healthcare Wishes with Medical Directives and Living Wills
- Protecting Your Legacy with Beneficiary Designations
- Managing Your Digital Estate
- Understanding and Minimizing Estate Taxes
- Protecting Your Estate from Medicaid Spend-Down
- Special Circumstances in Estate Planning
- Putting It All Together: Your Comprehensive Estate Plan
- Your Estate Planning Checklist
- What If I Don’t Have an Estate Plan? (An Open Letter)
- Understanding the Basics of Interest Rates
- Impact of Interest Rates on Savings and Investments
- Annuities in a Changing Interest Rate Environment
- Interest Rates and the Housing Market
- Interest Rates and Debt Management
- The Role of the Federal Reserve and Interest Rate Decisions
- Strategies for Managing Finances in a Changing Interest Rate Environment
If you missed any of these, now is the perfect time to catch up! Each topic offers actionable insights to help you make smarter decisions about your money.
Looking Ahead to 2025
New Year’s resolutions are made with the best intentions—but studies show that most are abandoned by January 17th. The good news? When it comes to financial planning and retirement preparedness, success is easier to achieve than you think—and you don’t have to go it alone.
At Quest Commonwealth, we’re here to help you every step of the way. Whether you’re setting new goals, reviewing your financial plan, or navigating complex decisions, our mission is to provide the guidance and tools you need to succeed.
Here are three steps to kick off the new year:
1️⃣ Set Clear Goals Take some time to define your financial goals for 2025. Are you saving for a big purchase, planning your retirement, or paying off debt? Clear goals provide direction and motivation.
2️⃣ Review Your Financial Plan A lot can change in a year. Make sure your financial plan still aligns with your goals, and adjust for any life changes or market trends.
3️⃣ Commit to Lifelong Learning Stay informed and proactive about your finances. Subscribe to newsletters (like this one!), attend webinars, or even schedule a consultation with a trusted advisor to stay on top of your game.
Let’s make 2025 a year of financial success and security together!
Visit us at www.questcommonwealth.com to explore resources and schedule a no-cost consultation.
With clients all over the U.S., we’re here to meet you where you are. If you’re in the Detroit area, we encourage you to visit our office. But no matter where you live, you always have the option to meet with us online—just like several hundred of our clients already do!
Warmly,
Jeff Perry
Partner, Quest Commonwealth
Co-Host of “Safe Money Mindset” on WXYZ-TV ABC Detroit
Author of “Safe Money Mindset” – Available on Amazon or DISCOUNTED HERE
👉 Watch our latest TV episodes of “Safe Money Mindset” on YouTube
Weekly Tip
Imagine having your financial plan in place after just a few short meetings. It’s worth taking the time to set things up—you could have one resolution checked off your list before February! That’s MUCH easier than a new gym membership!
CLICK HERE to schedule your no-cost, no-obligation, consultation.