Client Newsletter: December 2021

December 15, 2021

Dear Valued Investor,
We hope everyone enjoyed the Thanksgiving holiday with family and friends. While life has been challenging during the pandemic, we have a lot to be thankful for. At this time, we are especially grateful for COVID-19 vaccines and treatments that have helped us make so much progress tackling the pandemic. Unfortunately, the emergence of the new COVID-19 Omicron variant and the related market selloff in the days after Thanksgiving offered an unpleasant reminder that the pandemic is not over. The economy and financial markets remain somewhat reliant on the medical community and research developments.
Important Tax & Retirement Plan Contribution Numbers for 2022
Click the link below to download our "Important Numbers for 2022" guide which includes all of the following and more for your reference heading into the new year.
  • Federal Income Tax Rates
  • Long-Term Capital Gains Tax
  • Social Security COLA
  • 401(k) contribution limit
  • IRA contribution limit
  • Roth IRA eligibility 
Our team is here to help interpret these numbers and what impact they may make for your specific situation. Whether determining Roth IRA eligibility vs. a 'Backdoor' or conversion to Roth may be beneficial, reviewing your 401(k) allocation, or planning strategies for retirement, contact us for a complimentary discussion. 
We’re proudly presenting LPL Research Outlook 2022: Passing the Baton, with market insights on what you can expect in the economy, stocks, and bonds for 2022. Click the link below for the full report.
Maxing Out Your Yearly IRA Contribution
If you do one thing with your financial plan on an annual basis, we would recommend maxing out your IRA. Depending on your income and tax filing status, it may make sense to fund a Traditional or Roth IRA.
Schedule a consultation with us to develop an IRA maxing or backdoor Roth strategy.
The SmartVestor program is a directory of investment professionals. Neither Dave Ramsey nor SmartVestor are affiliates of Wendell Charles Financial or LPL Financial. 
Registered representatives with, and Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA & SIPC.
The LPL Financial Registered Representatives associated with this website may discuss and/or transact securities business only with residents of the following states: California, Hawaii, New York, Washington, Iowa, Illinois, Indiana, Virginia, Michigan, Minnesota, Maryland, Arizona, Utah, Nevada, Colorado, Oregon, Tennessee, and Texas.