FINANCIALLY FOCUSED

July 2024 Newsletter

OPTIMUM INSIGHTS for JULY 2024

For our annual July newsletter we celebrate Summertime! We recommend getting out there with Family and Friends, From Barbeques to Golf, travelling to a favorite destination, A trip to the Beach or Lake, hiking, camping or boating, whatever you enjoy doing, do it! Our office has Summertime ours for that reason which is also a quick reminder that we are closed on Friday’s until Labor Day.

Some additional quick fun facts about the month of July:

July is in the Middle of winter in the Southern Hemisphere

July is National Ice Cream Month in the United States

July is also the National Hot Dog Month

July’s birthstone is the Ruby, known as the King of Gems

As always if you have any questions feel free to reach out to us at any time as we are always happy to help.

Thank you!

Duane, Donna, Jessica, Cameron

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.

Read More

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.

Read More

Caprese Salad

Dive In!

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

Advisory services are offered by Optimum Wealth LLC a Registered Investment Advisor in the State of New Hampshire. Insurance products and services are offered through Optimum Financial LLC dba Optimum Benefits, an affiliated company. Optimum Wealth LLC and Optimum Financial LLC are not affiliated with or endorsed by the Social Security Administration or any government agency, and are not engaged in the practice of law.

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Keene, NH 03431
Ph: (603) 357-1084
Email: info@optimumfhb.com
Web: http://optfinancial.com/