Garofalo Financial Services

“Based on current economic conditions, the Federal Reserve is very unlikely to cut interest rates in March.” Anthony Saglimbene, Ameriprise Chief Market Strategist

Fed pushes back on rapid rate cut expectations given strong economic conditions Get more expert insights by reading the latest Weekly Market Perspectives.

You work hard to save for retirement. I can help you strategize how and when your retirement assets are taxed to help you keep more of your hard-earned savings.

Tax diversification strategies | Tax diversification in retirement 101 Tax diversification – explained.

“As rate and inflation pressures subside over the year, investors should be prepared to evaluate investments more on the merits of their fundamentals and underlying growth potential as opposed to simple shifts in underlying macro conditions.” Anthony Saglimbene, Ameriprise Chief Market Strategist

Stocks end a nine-week winning streak to start the new year Get more expert insights by reading the latest Weekly Market Perspectives.

Planning your financial goals for 2024? Get the latest on key themes to watch from the Ameriprise Investment Research Group. Reach out to discuss how these findings can help support you in the year ahead.

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The IRS announced its annual inflation adjustments for the 2024 tax year, featuring a slight uptick in income thresholds for each bracket compared to 2023. Let’s review together and discuss the appropriate tax strategy for you and your goals.

Tax brackets for 2023 and 2024 See which tax bracket you fall into and learn more about filing statuses and deductions.

Wishing you a very Merry Christmas!

We are proud to announce Michael Garofalo has been named to the Ameriprise Circle of Success – a distinction reserved for the firm’s top advisors. This recognition reflects Michael’s deep commitment to serving his clients. Join us in congratulating Michael

Mike Garofalo, Private Wealth Advisor in Houston, TX Mike Garofalo is an Ameriprise Private Wealth Advisor serving the Houston, TX area. Get the personal financial advice you need to achieve your goals.

“Clearly, there are solid arguments to make on each side of the bull and bear case for stocks.” Anthony Saglimbene, Ameriprise Chief Market Strategist

The bull & bear case for stocks Get more expert insights by reading the latest Weekly Market Perspectives.

Many employers will match an employee’s 401(k) contribution up to a certain amount. Does your employer offer a 401(k) match? If so, let’s work together to maximize this benefit. bit.ly/3RK0Z8Y

Do you know the tax benefits of 401(k)s?
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Increasing your 401(k) contribution can help you reach your retirement savings goals faster. For 2023, employees under 50 years old can contribute up to $22,500 to their 401(k) plan. Those 50 and older are eligible for an additional catch-up contribution of $7,500 in 2023. bit.ly/3RK0Z8Y

Does your employer offer a Roth 401(k) option? Saving after-tax dollars with a Roth 401(k) can help diversify the taxability of your investments in retirement. Let’s review and see if this strategy is right to you. bit.ly/3RK0Z8Y