Joe Jaspers's Loose Change Newsletter

Joe Jaspers, CFP^®

Vice President, Wealth Management

Carolinas Telco Capital Advisors

Located at Carolinas Telco FCU

9813 South Blvd, Suite 101

Charlotte, NC 28273

Phone: 704-391-5600

Toll Free: 800-622-5305, ext. 2608

Fax: 704-556-1652

Email: joe.jaspers@lpl.com

January/February 2020

Compare Apples to Apples

How do you compare a mutual fund’s* performance to its peers’? A mutual fund company may compare a fund to a benchmark whose makeup, ideally, bears the closest resemblance to the fund. A fund’s mix of investments by company size and its primary sectors, investing style and geography are among the pertinent factors needed to choose an appropriate benchmark.

Check Your Tax Withholding

Do you look forward to receiving a substantial tax refund this year? Or do you dread writing a big check to the IRS because you didn’t pay enough throughout the year? If you can identify with either of these scenarios, the amount you are withholding is not right. But you can do better next year.

6 Questions to Ask Before Buying Your First Home

Owning a home remains part of the American Dream, but doing so requires a strategy and discipline. If you’re looking to buy your first home, answer the following questions to help ensure you do everything you can to make this experience a success.

Tax-Smart Retirement Distributions

Before you retire, consider planning for your required minimum distributions (RMDs). This can be more complicated than you imagine if you have significant retirement assets in qualified plans, such as 401(k) accounts and IRAs, but you can achieve a tax-friendly result with a little planning.

Good Reasons to Consider a Roth IRA

If you don’t qualify for a tax-deferred traditional IRA because your income is too high or if you would rather not bet on federal income taxes being low in the future, when distributions would be taxed, you might want to look at a Roth IRA to help with your retirement strategy.

The Hunt for Tax Breaks

The New Year is a time when many Americans start searching for receipts and bank statements as we prepare to pay last year’s taxes. Consider looking in the following places to find tax breaks:

Saving for a New House

A home is many Americans’ largest purchase and continuing expense, and the down payment for one can be a big chunk of change. If you’re buying your first home, you may shift your savings efforts into another gear by following these steps:

Time Matters

Following are three hypothetical examples that demonstrate how money compounds over time.*

Insuring Your Business

If you read this newsletter regularly, you know that we talk about how life insurance can help fund various business agreements and fill out an attractive employee benefits menu. Life, health and disability insurance play prominent roles, but as a business owner you likely need to insure your company in a number of other ways. These are some ways businesses protect their financial investment:

2020 To Do List

New Year, new leaf? If you’re serious about taking charge of your financial life this year, consider these steps:

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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Carolinas Telco FCU and Carolinas Telco Capital Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Carolinas Telco Capital Advisors, and may also be employees of Carolinas Telco FCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, Carolinas Telco FCU or Carolinas Telco Capital Advisors. Securities and insurance offered through LPL or its affiliates are:

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