Good morning & happy Monday!
“The bad news is time flies. The good news is you’re the pilot.”
Michael Altshuler, author
This morning I would like to provide 2 updates and 1 offer.
Update # 1 – Tax forms are finally available for non-IRA accounts! Thank you so much for your patience as we were waiting for the real estate fund to provide their final updates. If you need to access any tax forms online here are the step-by-step instructions on how to do so:
Go to www.IFPartners.netxinvestor.com. Click on “Login”
On the center of the page – select “Communications”.
On the next page on the left hand side under “All Documents”, select “Tax Documents”
If your documents are ready, they will be listed there. You can select the document under the “Type” category and it will generate a PDF that you can print or email.
If your documents are not ready or you won’t be receiving documents then it will say “There are no records to display”
Feel free to reach out with any questions on this.
Update # 2 – The IRS has increased the funding limits for IRAs and Roth IRAs for 2023.
If you are under 50 years old the maximum contribution is $6,500 per person per year (up from $6,000 per person per year in 2022). If you are contributing monthly and want to max out the contributions that has gone from $500/month in 2022 to $541.66/month in 2023.
If you are 50 or older the maximum contribution is $7,500 per person per year (up from $7,000 per person per year in 2022). If you are contributing monthly and want to max out the contributions that has gone from $583.33/month in 2022 to $625/month in 2023.
Please reach out to us if you would like to make any adjustments to your IRA contributions.
Our offer – With spring cleaning season upon us, I would like to extend an offer for you to take advantage of our professional shredding service. We have a contract with Crown Information Management to shred all of our confidential documents. They come to the office and shred the documents on site (see attached photo of their most recent visit a few weeks ago).
If you are interested in cleaning out your old files and getting those documents shredded please touch base with Carissa at Carissa@intentional-wealth.com / 863-577-3280 and coordinate a time to drop those documents off.
This is an open invitation, so if there is a time down the road when you would like to get some documents shredded feel free to bring them to our office and we will gladly get them shredded for you.
Please never hesitate to reach out if there is anything we can do to support you. It is an honor to serve you!
Make it a great week ahead!