The Incompass Financial Partners' Loose Change E-Newsletter

4994 Lower Roswell Road NE, Suite 4, Marietta, GA 30068

Phone: 770-971-9141

September/October 2024

Take Advantage of Higher Exemptions

Lifetime exemption limits for transferring wealth are historically high, but their end may be on the horizon. Current lifetime exemption amounts are set to expire on December 31, 2025, unless Congress acts to extend them. Reviewing your wealth preservation strategies with your financial professional will help ensure you’re taking full advantage of the opportunities available to you. Consulting your tax professional can help prevent unwelcome surprises.

Is Retiring Abroad on Your Bucket List?

A warmer climate, a lower cost of living, a charming locale — there are many reasons Americans choose to spend retirement living in a foreign country. If retiring outside the U.S. appeals to you, plan your move carefully and consider the impact living abroad may have on your daily life.

Millennials in the Workplace

Born in years 1981 through 1996, Millennials are currently the largest group in the workforce now that Baby Boomers, with their years of experience, are retired or retiring. Employers looking to attract and retain Millennials should pay close attention to the work culture and benefits they value most.

Life Insurance: Its Many Uses

You may think of life insurance* as financial protection for loved ones if you or your spouse were to die unexpectedly. The policy’s death benefit can help provide money to pay expenses or be used in legacy planning so that your family can pay any taxes due on your estate. During September, which is life insurance month, consider some of the ways permanent life insurance can be used as part of a comprehensive financial strategy.

Selling Your Home?

Homeowners who qualify may exclude up to $250,000 of gain ($500,000 for married couples) from the sale of a primary residence.

A Decade of Home Sales

U.S. home sales are projected to pick up slightly in 2024 and 2025, following a decade low in 2023. High mortgage interest rates and high inflation are considered major factors in the current U.S. housing market.

The "New" Identity Theft

Deed theft is a type of identity theft that targets your residence, second home or other property.

Preserve Wealth with an FLP

A family limited partnership (FLP) is a business or holding company owned by two or more family members. It is designed to preserve a family’s wealth and pass it from one generation to another while reducing or eliminating gift and estate taxes. Assets in the FLP also gain some protection from creditors and lawsuits.

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Securities offered through Osaic Wealth, Inc., member FINRA/SIPC. Investment advisory services offered through Incompass Financial Partners, LLC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth.
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