December 2019
IN THIS ISSUE...
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 Commentary!
6 Year-End Financial Planning Ideas
With 2020 quickly approaching, it's a good idea to give your finances a year-end checkup and set yourself up for success in the new year. 

Whether you're currently working and saving for retirement, approaching retirement, or embarking on new post-retirement adventures, there are steps you can take to help make sure you're on the right track.

Click here to see 6 money management, tax planning, and estate planning steps to consider getting started on as 2019 winds down.

Please don't hesitate to call our office at (518) 584-2555 if you have any questions!
IRS Announces Higher 2020 Retirement Plan Contribution Limits 
How much are you able to save for retirement in 2020?

The US Treasury Department has announced inflation-adjusted figures for retirement account savings for 2020. While this year's changes aren't too drastic, saving just a little bit more each year will eventually add up!

Click here to see 2020's new limits.
Did You Know?
- Only 54% of workers have a retirement plan available to them through their job.

- Middle-income households with access to a 401(k) have 30 times as much in retirement savings compared to workers who don't have a plan through their employer.

- About 1/5 of workers still don't contribute enough to their employer's plan to get the full company matching contribution.

If you're offered a retirement plan through your employer, be sure to take full advantage of it to boost your savings!

Source: fool.com, 2019
America's 10 Best
Winter Beach Retreats
It's December, which means winter has only just begun for those of us in Upstate New York! (Though it is still technically fall until December 21st.)

For some, the cold temperatures and winter weather arrive a little too early and stay a little too long, leaving us daydreaming about warm sunshine and a sandy beach. 

Thankfully, there are plenty of stunning yet affordable beaches right here in the US that are perfect for a last-minute escape from the cold.

Click here to check them out! 
Saratoga First Night 2020
If you're looking for something fun to do this New Year's Eve, Saratoga First Night is a great low-cost option - and if you'd like, you can have your fun and still make it home by midnight!
 
Beginning at 6pm on Tuesday, 12/31, Saratoga Springs will offer live music, entertainment, extended restaurant and shopping hours and midnight fireworks to kick off the new year. 
 
Click here for all the details!
Robert Schermerhorn, CFP® 
Jamie Usas, CFP®,
Operations Manager
Amanda Friedman,
Wealth Consultant
 
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18 Division Street, Suite 305
Saratoga Springs, NY 12866
Phone: 518-584-2555

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Planning Tip
Setting New Year's resolutions for yourself is easy, but committing and following through with those resolutions can be tough.

When it comes to money, your goal for 2020 may be to save more, spend less or budget better. Regardless of your financial goal, one common key to your success is smart shopping. Knowing the best time to purchase certain items can save you a great deal of money throughout the year.

Start planning your shopping for the year now by checking out The Best Time of Year to Buy Everything!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Securities & advisory services offered through LPL Financial, a registered investment advisor, member FINRA / SIPC