CORE Wealth Advisors

The CORE Wealth Advisors team.

We are excited to announce the addition of Tom Farrer to our team of experienced wealth advisors!

Tom brings a wealth of knowledge and expertise to CORE Wealth Advisors. He graduated from the University of Notre Dame and obtained his master’s degree from Purdue University’s Krannert Graduate School of Management. After a successful career in the automotive industry, Tom transitioned to the financial services sector in 2013. He is a CERTIFIED FINANCIAL PLANNER® (CFP®) professional and specializes in retirement planning, tax strategies, and personalized financial management.

Tom is dedicated to helping clients achieve their financial goals and is committed to providing exceptional service. He and his wife, Cindy, reside in Carmel and enjoy spending time with family, hiking, golfing, and volunteering.

We believe Tom will be a valuable asset to our team and we are confident that he will provide the highest level of service and expertise to the clients that he brings with him to CORE Wealth Advisors. Tom's expertise in retirement planning and tax strategies will further enhance the comprehensive financial services we offer to our clients.

We want to emphasize that this addition does not impact your current relationship with Joby and Brad. You will continue to work with them as you have in the past and Tom will be an extra layer of support and expertise for the firm as a whole.

Please join us in welcoming Tom to the team!

CORE Wealth Advisors wishes you a Merry Christmas! We hope the day is filled with happiness, family, making memories, and all things that bring joy.

DID YOU KNOW...

Social Security provides one with a source of income during retirement or if one can't work due to a disability. Millions of people rely on Social Security to help provide a guaranteed income throughout their golden years.

Let's see if you can guess the correct answer to the following questions regarding Social Security:

When was the Social Security program created?
a. December 1945
b. July 1933
c. August 1935

Are Social Security payments subject to state income taxes in Indiana
a. True
b. False

What is the maximum percentage of Social Security payments subject to federal taxes in 2023?
a. 25%
b. 75%
c. 85%

Call CORE Wealth Advisors today to learn the answers to these questions and how we can help secure your financial future!

DID YOU KNOW...

It's time for a little investment tax quiz. Do you know the answers to the following questions:

1. Which of the following forms is used to report capital gains and losses to the IRS?
a. Form 2439
b. Form 1040
c. Form W-2

2. What are the three types of capital losses?
a. Recognizable losses, long-term losses, and short-term losses
b. Realized losses, unrealized losses, and recognizable losses
c. Realized losses, potential losses, and recognizable losses

3. When one acquires property as a gift, generally speaking, the rule is that the donee taxpayer takes the donor's cost basis in the property.
a. True
b. False

4. The total amount of capital losses a married taxpayer may deduct in a tax year is $6,000
a. True
b. False

5. Short-term and Long-term capital gains are taxed the same
a. True
b. False

Call CORE Wealth Advisors today to learn the answers to these questions and how we can help you get on the right path to a bright financial future!

'Tis the season for Gratitude. We want to thank our clients for all of the trust they have instilled in us over the years and for their continued loyalty to CORE Wealth Advisors.

We wish all of them a Happy Thanksgiving and a joyous holiday season!

DID YOU KNOW...

Alexander Pope, a poet of Enlightenment, wrote in his poem 'An Essay on Criticism, Part II, 1711': To err is human.

We all make mistakes in life and throughout our financial journey, the key is to learn from those mistakes. Or, better yet, learn from other's mistakes. Here are five common money mistakes to avoid:

1. Avoiding Investing in the Market
2. Holding concentrated positions in one's portfolio
3. Focusing on the short-term performance of the market
4. Not establishing an emergency fund
5. Starting to save for retirement too late

Call CORE Wealth Advisors today to learn more about avoiding these costly mistakes and how we can help get you on the right track for a bright financial future!

CORE Wealth Advisors wishes to thank all of the women and men who are serving and have served this great country of ours. This Veterans Day we salute you!