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Weekly Wealth of Knowledge - Week of 2/27/23

February 28, 2023

The Weekly Wealth of Knowledge is your download of this week's most important topics related to our community, financial planning, and the markets. As we close out February and the "generational planning" theme, we gear up to kick off "retirement planning" for March. Throughout the month we will be providing you a host of content about planning for retirement and all the things you need to be doing to prepare for it and enjoy it, if you are already there.

In this issue:

       •  Team MONECO - Women In Need (2 min read)
       •  Inheritance Taxes, What You Need To Know (3 min read)
       •  Consumer Spending Surges (3 min read)

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Team MONECO - Women In Need

One of our core beliefs here at MONECO Advisors is getting involved in our communities, and to highlight some of the great work our team and our local partners are doing to make contributions to the towns that we have been fortunate enough to live and work in.

This week we highlight our team's involvement in the Win Organization.  Founded in 1983, Win (at the time Women in Need) began as a shelter for four homeless women and their combined six children. Today, Win is the largest provider of shelter and supportive housing to homeless families in NYC. 

Win transforms the lives of New York City homeless families by providing holistic solutions of safe housing, critical services, and ground-breaking programs they need to succeed on their own– so these families can regain their independence and their children can look forward to a brighter future.

MONECO team members are both volunteers and fundraisers for the organization.  Learn more about this organization, as well as the host of others that the firm is involved in supporting in various ways. If you see a cause you would like to get involved with, do not hesitate to reach out to the the office to see how you can!


Inheritance Taxes, What You Need To Know

As we close out "generational planning" month, we take one last look at the topic of inheritance taxes. If you are successful in transferring wealth to the next generation, how much of that wealth they recieve can be heavily impacted by taxes. Planning should begin well before to ensure any transfer is done in the most tax efficient manner. Below is a summary of what you need to know. As always, if we can assist in any way, do not hesitate to reach out to the office. 

Click to Read Full Article´╗┐


Consumer Spending Surges

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged in January to a two year high. Under normal conditions, this would be seen as a positive driver to the overall economy, however these are not normal times, as the Federal Reserve continues to try and quell inflation. How will this impact future policy moves, read below to find out.

Click to Read Full Article

The opinions voiced in this material are for general information only and are not intended to provide specific financial or tax advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.