One of the many challenges posed by COVID-19 is the end of the year celebrations for new grads. In the Lineweaver household, this has been especially difficult for my eldest daughter Tori, who graduated this year from Miami of Ohio! Kathy, myself, as well as Tyler and Delaney, could not be more proud of Tori and her success. I was lucky enough to have her join me for two of our weekly Financial QuarterbackSM segments, to talk about financial concerns and strategies that all new grads should consider.
The first thing Tori and I talked about is that choosing the right benefits is an important first step. Some new graduates might be able to stay on their parents’ health insurance until the age of 26, which can help save on some of the initial costs. If not, make sure to look over all the options to find the right insurance that fits your needs and budget. Many jobs will also give you options when it comes to life insurance and disability. When you’re young something such as disability or life insurance doesn’t strike you as important, but you have to be prepared for unexpected circumstances. It’s critical to protect your most valuable asset, your ability to earn an income.
We also talked about how important it is to set up your 401(k) or IRA, maximizing, and matching contributions. Compounding can help your money grow faster! Also, establishing and using credit responsibly, paying bills on time every time, is critical for future purchases like a car or a house!
I want to take this time to congratulate all new graduates, and while our show (and our newsletter) usually deals with retirement planning and strategies, we know that many of you have kids or grandkids who you want to set up for success, and so both shows will be on our website and social media for you to share. Congratulations to all the classes of 2020!
Posted By Lineweaver Financial Group
January 22, 2025
Category: Security, Cybersecurity, Scam
Have you heard of package scams that come right to your door? West Carrollton Police issued a scam warning on social media. They say a “sneak scam” is making the rounds across the country. “It’s called a ‘brushing’ scam, and it’s like getting an unsolicited surprise gift from your not-so-friendly neighborhood trickster!” the department said. “Picture this: you get a random package from Amazon or some mystery shop, filled with shiny goodies like rings, bracelets, or even a Bluetooth speaker. Exciting, right? But wait, there’s no sender info, just your address on the label. Inside, you’ll find a QR code begging to be scanned to unveil the mystery sender.” Scanning the code could lead people to a phishing site. This is where crooks could try to swipe your personal and financial information, the department explained. “You can toss the gift or keep it as a bizarre conversation starter, but whatever you do, don’t scan that QR code!” they added. The concluded if it is a mysterious package, it’s best to leave that QR code alone. The Better Business Bureau and U.S. Postal Service have more about this scam. This story first appeared on
Posted By Lineweaver Financial Group
January 21, 2025
Category: Outlook, Market, Commentary
By Chad Roope, CFA®, Chief Investment Officer 2024 was a great year for the U.S. economy and equity markets. A strong economy, led by strong labor markets and significant investments in Artificial Intelligence, equated to double digit corporate earnings growth and thereby strong equity market performance. The U.S. was the clear economic leader globally and was why we had a strong overweight to quality, U.S. large-cap stocks all year. This overweight and our focus on active asset allocation, fundamental research and timely trade communications led to solid performance in our client portfolios in 2024, with most of our strategies strongly outperforming their benchmarks. Our proven process and seasoned team of Chartered Financial Analysts stand ready to navigate what is likely to be a dynamic environment in 2025. We think 2025 may prove to be a more volatile year given several uncertainties and rich starting valuation levels, but we think the year should prove to be a solid overall. Below are our key views: We expect U.S. outperformance compared to the rest of the world to continue amid solid economic growth, strong labor markets, lower inflation levels, a supportive Federal Reserve, and the potential for tax cuts and deregulatory policies. We continue to prefer large-cap, high quality U.S. equities as we think this is where the strongest overall earnings growth will continue to be. In fixed income, we are prioritizing higher income, shorter duration exposures t
Posted By Lineweaver Financial Group
January 21, 2025
Category: Tax, Tax Preparation, Tax Season, Tax Preparing
By Mark Sipos, LFG Tax Services With the Holiday season behind us, it is time to start thinking about the 2025 tax filing season. Most documents that you will need to compile and file your 2024 tax return will be arriving in your mailbox soon. Before you begin working on your personal income tax return, it’s a good idea to collect and organize your tax documents and related records. The tax preparation checklist included below will help you keep track of the information you will need. While this is not a complete list of items that may be required for your tax return, it will cover the documents and other information needed by most people to file their federal income tax return. Personal Information: Social Security numbers for you, your spouse, and any dependents. Dates of birth for you, your spouse, and any dependents. Bank account routing and account numbers for direct deposits or tax payments. Driver's license for e-filing. Taxes you may have paid: 2024 estimated taxes for federal state, and local tax agencies. Taxes paid in 2024 for amounts due for 2023 tax returns. Real estate taxes. Sales tax paid for large items purchased. Income: W-2s, 1099s for interest and dividends, brokerage year-end tax summaries for investments. 1099Rs for pension and IRA income. Business and rental income received. Gather all related expenses for these types of income as well. K-1's from S-Corporations and Partnerships. State and local
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Case studies are intended to illustrate the types of financial issues faced by actual clients. They should not be construed as a testimonial for or endorsement of Lineweaver Wealth Advisors. They do not represent the experience of any advisory client. Each client’s situation is different, and their goals may not always be achieved. Lineweaver Wealth Advisors, LLC, is not engaged in the practice of law or accounting. Tax information provided is general in nature and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Tax rules and regulations are subject to change at any time.
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