The Briefcase Newsletter / Making the Most of Your Retirement Savings

By Emily Shacklett

The Briefcase Newsletter is designed specifically for executives and professionals. Each quarter we will provide helpful advice, tips, and relevant content that we hope will further your career success.

Making the Most of Your Retirement Savings

In this episode, Emily Shacklett dives into the world of Individual Retirement Accounts (IRAs) and breaks down the latest changes to required minimum distribution (RMD) rules, thanks to the Secure Act and Secure Act 2.0. Discover the powerful strategy of Qualified Charitable Distributions (QCDs) for those aged 70.5 and older, offering a smart way to reduce your adjusted gross income and potentially lower your Medicare costs and state taxes. Emily also shares crucial insights on handling beneficiary IRAs and emphasizes the importance of strategic planning to optimize your retirement savings and generational wealth transfer. Watch the full video to unlock these valuable insights!

Coach’s Corner

Chip Conley
NYT Bestselling Author | Founder & CEO of MEA Wisdom

Midlife comes in the blink of an eye, with time seeming to accelerate in our 20s and 30s as we pursue education, careers, family and other life goals. Then, suddenly, we’re not only adulting — we’re older adults. This tends to cause anxiety, uncertainty and the feeling of being in a rut. Questions like, “Is this it?” and “What is my true purpose?” commonly weigh on those in their 40s through 60s.

Chip Conley, hotelier, hospitality entrepreneur, author and speaker, can attest to this. Even after achieving great success as founder of the second largest operator of boutique hotels in the world, he still hit a midlife wall, as unhappiness and a near-death experience left him seeking something more meaningful.

Recommended Viewing

Recession Watch and Market Insights with Joe Kalish

In this episode of the Fairport Flash, our Manager of Investments Rick D’Amico is joined by Joseph Kalish, Chief Global Macro Strategist for Ned Davis Research, for an exploration of the latest economic trends and market insights. From discussing the complexities of fixed income investments, to uncovering opportunities amidst geopolitical uncertainties, their conversation offers possible strategies for navigating today’s ever-evolving financial landscape.

Tech Trends

Driving Efficiency with Robotics Process Automation

In today’s quickly evolving business environment, executives are always looking for new and creative ways to boost productivity and spur growth. Robotic Process Automation (RPA) is just one example of a technology that may provide these benefits. By leveraging Robotic Process Automation, companies can work to streamline processes, reduce, or potentially eliminate errors, and free up human capital through the automation of repetitive and rule-based tasks. Click below for a closer look at what RPA is, and how it could improve your company’s efficiency.

Read Article.

I-Team Ticker

Check out the latest tweet from the Fairport Investment Team:

Fairport Wealth is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC, member FINRA and SIPC. Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC. All information referenced herein is from sources believed to be reliable. Fairport Wealth and Hightower Advisors, LLC have not independently verified the accuracy or completeness of the information contained in this document. Fairport Wealth and Hightower Advisors, LLC or any of its affiliates make no representations or warranties, express or implied, as to the accuracy or completeness of the information or for statements or errors or omissions, or results obtained from the use of this information. Fairport Wealth and Hightower Advisors, LLC or any of its affiliates assume no liability for any action made or taken in reliance on or relating in any way to the information. This document and the materials contained herein were created for informational purposes only; the opinions expressed are solely those of the author(s), and do not represent those of Hightower Advisors, LLC or any of its affiliates. Fairport Wealth and Hightower Advisors, LLC or any of its affiliates do not provide tax or legal advice. This material was not intended or written to be used or presented to any entity as tax or legal advice. Clients are urged to consult their tax and/or legal advisor for related questions.

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