Fee-Only Investment Advisory and Financial Planning Firm Serving Greater Richmond, Virginia
Summit Giving 2023
We asked our clients to vote for their top charities, and the votes are in! With a final tally of 164 votes, we have a THREE-WAY TIE for first place! Congratulations to Camp Kesem, Feed More, and LifeCampUSA for taking the top spots, receiving $1006 each. All 6 charities will be receiving a donation from Summit, for…
Thanksgiving… and GIVING!
Being thankful is often the aspect of Thanksgiving that receives the most focus. While being thankful daily is important, we also want to talk about giving. Americans are generally generous people. Sixty to seventy percent of Americans make charitable contributions each year, while 90% of affluent Americans give regularly to charities each year. While most…
A Frequent Client Question: “How is the Market Doing?”
We are often asked about “the market,” and people are always referring to either the Dow Jones Industrial Average or the S&P 500 when they ask that question. But there are other stock markets and many more stocks that can be invested in, outside of the stocks represented in those two indices. The graphic below…
Virginia Pre-Paid Tuition, Redesigned
Saving for College with the Virginia529 Tuition Track Portfolio Jennifer Luzzatto, CFA, CFP®, AIF® My daughter is a senior in high school this year, so college is a big topic (and a source of stress) in our household. I cannot quite convince her that no matter the outcome of the college admission process, she…
Interview: Financial Considerations As Your Child Becomes More Independent {Video}
RICHMOND, Va. — There are a few things parents should start to consider as their children age. Jennifer Luzzatto, CFA, CFP of Summit Financial Partners stopped by to share her insight on the topic. Want to make sure you’re ready for your child’s transition to independence? Check out our comprehensive checklist to help you navigate…
Timing is Everything: When Is the Best Time to File for Social Security Benefits?
When Is The Best Time To File for Social Security Benefits? The answer to this question is what I refer to as “My CPA’s Answer.” He always tells me, “It depends” when I ask him a tax question. Social Security filing strategies are much more complex than they appear on the surface. The best way…
Maximizing Your Retirement Income: Tax Planning Strategies You Need to Know! {Video}
Jennifer and Mike explore how careful tax planning during retirement can save you money. Learn about the benefits of Roth conversions and taking capital gains during low-income years, and how to avoid costly Medicare premiums. Don’t miss out on these essential tax planning opportunities! Maximizing Your Retirement Income: Tax Planning Strategies You Need to…
Navigating Taxes During Retirement
Navigating Taxes During Retirement: How Careful Tax Planning Can Save You Money Jennifer Luzzatto, CFA, CFP® There can be several tax planning opportunities during retirement, especially in years when you are not required to make minimum distributions from your IRA, have not filed for Social Security benefits yet or have not started taking pension…
Getting Your Financial Documents Organized: How a Little Effort Can Save You Time and Money {Video}
When it comes to your finances, organizing papers and documents can be a daunting task. There are plenty of financial organization tips you’ve probably already heard to help you get started, but Jennifer and Mike are chatting about some of the tips you probably haven’t heard! Getting Your Financial Documents Organized: How a Little…
SECURE Act 2.0 {Video}
SECURE Act 2.0, passed by Congress and signed into law by President Biden in December 2022, may have an impact on your retirement savings and income strategy. Jennifer and Mike sit down to explore the most important aspects of the new legislation, including new RMD starting age, new catch-up contribution limits, 529 rollovers, and more….
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