💵✨ January is Financial Wellness Month! ✨💵
After the hustle and stress of the holidays, it’s the perfect time to slow down and focus on your financial health. Let’s start the year strong by:
✔️ Reflecting on how you earn, spend, save, and invest.
✔️ Setting smart goals to prepare for a prosperous year ahead.
✔️ Building healthy habits to keep your finances on track all year long.
Take control of your finances today and set the stage for a successful year ahead!
On our first episode of 2025, Michael and Dominick welcomed back a client favorite, Harold A. Bollaci, esteemed attorney specializing in estate planning, elder law, and asset protection strategies. The episode dives into critical financial and legal topics, including updates to state tax laws, market performance in 2024, and the potential impact of a new administration's policies. The discussion emphasized the importance of regularly reviewing and updating estate planning documents, such as wills, trusts, healthcare proxies, and beneficiary designations, to reflect current wishes and circumstances. Strategies for mitigating estate taxes were explored, including annual gifting and the use of trusts, with a focus on special needs trusts for beneficiaries with specific requirements. The team also delved into the distinctions between revocable and irrevocable trusts, Medicaid implications, and asset protection strategies to avoid government clawbacks. The episode concluded with actionable advice for listeners and plans for future collaboration with legal experts.
For more information, please contact Harold Bollaci, P.C. at (516) 538-9700.
The final podcast episode of the year reflected on 2024's market resilience and set the stage for 2025. Michael and Dominick discussed strong performances in sectors like technology and communication services, the impact of AI on energy demand, and potential investment opportunities in natural gas and infrastructure. They emphasized actionable steps, including rebalancing 401(k)/403(b) accounts, monitoring geopolitical risks, and exploring opportunities in healthcare and small to medium-sized US companies. Looking ahead, they stressed the importance of adapting portfolios to evolving economic trends and Federal Reserve policies.
Thank you for tuning in to The Lebenthal Report throughout the year. We are optimistic about 2025 and encourage our listeners to approach the new year with confidence and a clear financial plan.