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FINANCIALLY FOCUSED

July 2024 Newsletter

708.479.8771
www.dowlingretirement.com

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Educational Seminars (SB was here)

Taxes and Wealth Transfers

 

An important part of the enhanced planning process is identifying ways you may be able to pass your assets to loved ones in ways that protect them as much as possible from taxes.

 

A Kiplinger article, Three Ways Parents Can Transfer Wealth to Help Their Kids, has some excellent information.

 

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Famous Minds Born in July

Julius Caesar wasn’t the only military genius born in July. Alexander the Great was another important historical figure who changed the shape of the world and was born somewhere around July 20, 356 BC. Other famous people born in July include Frida Kahlo, Franz Kafka, Marcel Proust, and Nelson Mandela.1

Getting the Most Out of Social Security

 

One of the strongest potential steps for creating more retirement income, is waiting until you reach age 70 to file for Social Security.

 

A U.S. News and World Report article, How to Delay Claiming Social Security Until Age 70, has valuable information, including that you may want to consider spending down other accounts before you file for Social Security.

 

For example, you may be able to utilize a 401(k) or IRA while waiting for Social Security.

 

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Caprese Salad

 

Caprese Salad is terrific served as a side for sharing, as a light meal with crusty bread or piled onto toast with smashed avocado. Fresh and delightful!

 

Dive In!

 
 

1 https://www.thefactsite.com/july-facts/ 

 

Advisory services are offered by Chancellor Financial Services, Inc a Registered Investment Advisor in the State of IL. Insurance services offered through Dowling Consulting Services, Inc. dba, Dowling Legacy & Retirement, an affiliated company. Neither Chancellor Financial Services, Inc., nor Dowling Legacy & Retirement are affiliated with or endorsed by the Social Security Administration or any government agency.

Karen Dowling
© Dowling Legacy & Retirement
10727 Winterset Drive

Orland Park, IL 60467
Ph: (708) 479-8771
Email: karen@dowlingretirement.com
Web: www.dowlingretirement.com

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