The Client Connection – January 2021

Dear Friends,
Happy New Year! The New Year brings resolutions, goals, and new ideas at TFG. January is “Budget Month” at TFG. Budgeting is the most important thing you can do to be financially successful, as it provides an action plan and a clear picture of where your money is ending up each month. Additionally, it will help you achieve the goals you’re working toward—whether that’s getting out of debt, saving for retirement, buying a second home, or just trying to keep your grocery bill from getting out of hand. See our resources below to support you during the month.
As you also know, we are constantly looking for innovative ways to service our clients. With that in mind, we wanted to share our market thoughts and some of our newest initiatives for 2021.
Equity Markets
2020 was an extraordinary year for equity markets. The S&P 500 (and most market indexes) finished positively despite the S&P 500 Index losing approximately 33% from late February through March during the initial panic resulting from the Pandemic. Technology was responsible for a big part of the market gains, and it remains to be seen whether those gains will continue into 2021. The market rebound was fueled by a robust monetary policy response from the Federal Reserve and fiscal stimulus from the Federal Government. Equities look to remain in favor in 2021, as the Federal Reserve has made clear its intention to keep Interest rates near zero and global economies continue to recover following the development of a COVID-19 vaccine. Core fixed income looks pricey.
WealthMatch Report Card
We understand that financial planning is complicated and that you are busy people. As we continue to emphasize the importance of having a financial plan, we are working to finalize our new WealthMatch Report Card that will summarize all of your critical data based on the information in your plan and provide a final “grade.” From there, we can identify any gaps or areas of improvement on a simplified report. We can re-visit the report card and update it over time as our recommendations are implemented. Stay tuned!
In Depth Distribution Analysis for Clients with Traditional IRA Balances of $1,000,000+
In the second half of 2020, we dove deeper into advanced distribution analysis for those of you with large retirement accounts, determining optimal strategies for Roth conversions and IRA withdrawal strategies. In 2021, we plan to provide even more services in this area, to develop long-term distribution strategies that look at future years to determine your optimal retirement income and IRA distribution paths for going forward. This will be especially beneficial when deciding on a Roth conversion strategy and looking for tax efficiency during retirement.
FP Alpha – AI is here!
New financial technology is rolling out faster than ever before. At the end of 2020, we acquired a new software, FP Alpha, that uses artificial intelligence to assist us in reading financial documents (such as tax returns, Wills, insurance policies, etc.,) and providing diagnostics within the document. We are very excited to begin using this new software as there is nothing as comprehensive as this software on the market right now. We want to spend more time on what is most important to you: working with you to develop and implement recommendations that could help increase your wealth and your family’s well being.


Debbie has been honored with the Women’s Choice Award for the 9th year straight!

Congratulations to Debbie on winning the Five Star Wealth Manager Award!


Your Budget Game Plan!

To Budget or Not to Budget? The Argument for Why Not Having One Might Be Best
Kiplingers Article Provided by Taylor Financial Group, LLC
No matter what kind of system you use, you need to have some awareness of your cash flow. Your cash flow is money coming in (which, for most people, means money earned through a job via a paycheck) and money going out (your expenses, like bills, as well as things you choose to spend on, like meals out or entertainment)…Read More
How to Make a Personal Budget in 6 Easy Steps
Kiplingers Article Provided by Taylor Financial Group, LLC
If you want to control your spending and work towards your financial goals, you need a budget. A personal or household budget is a summary that compares and tracks your income and expenses for a defined period, typically one month.1 While the word “budget” is often associated with restricted spending, a budget does not have to be restrictive to be effective…Read More


Five Things to Know About the Last Stimulus Package
Resource Provided by Taylor Financial Group, LLC
The Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (all part of the Consolidated Appropriations Act of 2021, “the Act”) contain $900 billion in spending along with several tax-related items. Although there are few showstoppers “financial planning” items (in contrast to the SECURE Act and even the relief packages from earlier in 2020), there are several items in the bill that you should know about…Read More

Once President Biden’s new Stimulus Package is approved we will be sending you an updated announcement!


How to Prepare Yourself (and Your Money) for COVID-19 in 2021
Kiplinger Article Provided by Taylor Financial Group, LLC
The economy is recovering. Markets came back pretty quickly and some jobs have returned, even though unemployment remains high. The government also provided some quick economic assistance with the CARES Act, but the election derailed efforts to provide more. Now, the second wave is upon us. While big strides are being made on a COVID-19 vaccine, the likelihood of it being widely distributed in the next few months is slim…Read More
Five key milestones in the Covid-19 pandemic that we’re anticipating in 2021
Stat Health Article provided by Taylor Financial Group, LLC
In reality, some of the turning points have turned out better than they could have. Schools, particularly for younger children, seem to be safer than initially feared, although many students continue to be stuck with virtual classes. Separately, the vaccine regulatory reviews rebuffed potential political interference, with the candidates going through the process of obtaining emergency authorization with regular rigor…Read More


We are now able to manage your employer-sponsored retirement plans including 401(k) Investment and Profit Sharing Plan and help with Optional Retirement Planning and more.
For any questions and to enroll in this service, please e-mail Jared Marzocco at [email protected]
Our new 401(k) calculator gives you the tools to see what your account looks like at retirement if you make changes today. The calculator will help you get a feel for the retirement income from your account and let you adjust the numbers to see how working longer or salary adjustments might affect you!
Give us a call TODAY to gain some insight on your next steps for retirement and how to set yourself on the right track to drastically change your 401(k)!
See if your 401(k) is on pace for your goals with our new 401(k) calculator:

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