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:

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These materials were created for informational purposes only; the opinions and positions stated are those of the author(s) and are not necessarily the official opinion or position of Hightower Advisors, LLC or its affiliates (“Hightower”). Any examples used are for illustrative purposes only and based on generic assumptions. All data or other information referenced is from sources believed to be reliable but not independently verified. Information provided is as of the date referenced and is subject to change without notice. Hightower assumes no liability for any action made or taken in reliance on or relating in any way to this information. Hightower makes no representations or warranties, express or implied, as to the accuracy or completeness of the information, for statements or errors or omissions, or results obtained from the use of this information. References to any person, organization, or the inclusion of external hyperlinks does not constitute endorsement (or guarantee of accuracy or safety) by Hightower of any such person, organization or linked website or the information, products or services contained therein.

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