Federal Benefits Services

Kaley just returned from an incredible 3-day immersive “Endeavor” financial training held at Fidelity Investments in Boston.

She had the opportunity to learn from some of the best in the industry while building meaningful connections with other professionals committed to growth and excellence.

What makes this even more meaningful—she did it all while caring for her 4-month-old, with support from her mom. That level of dedication speaks volumes about her commitment to both her family and her career.

We’re proud of the work she’s putting in and excited to bring that knowledge, insight, and fresh perspective back to our office—continuing to elevate the value and service we provide to our clients.

📝 August is National Make-A-Will Month, a timely reminder that estate documentation deserves your attention.

A whopping 76% of Americans don't have a will. This can lead to unintended consequences for those with asset distribution and care for children.

A comprehensive estate strategy can help preserve your legacy while helping manage the probate process. Consider reviewing your documentation periodically, particularly after significant life events such as marriage, divorce, or the birth of children and grandchildren.

Our team can help your legal counsel facilitate comprehensive estate coordination. Contact us to discuss how we can help.



Source:
Caring.com, February 18, 2025.

Did you know that only 24% of Americans have a will, according to a 2025 study by Caring.com? And that number has decreased in recent years. Most of those Americans have children under 18. August is Make a Will Month, and it’s a great reminder to create a will for your family and those most important to you or to update it to reflect any changes in your life.


https://www.caring.com/caregivers/estate-planning/wills-survey/

The One Big Beautiful Bill Act: Key Tax Changes Starting 2025

👍EVERYONE 👍
Standard deduction increases to $15,750 for single filers, and $31,500 for those filing jointly.
State and local tax (SALT) deduction increases to $40,000 (temporary)

👥 SENIORS (65+) 👥
$6,000 bonus deduction (2025-2028)

👨‍💼 WORKERS 👨‍💼
No tax on tips (up to $25,000)
No tax on overtime (up to $12,500 single filer/$25,000 married filing jointly)

🏢 BUSINESS OWNERS 🏢
20 percent qualified business income deduction is now permanent
100 percent capital expensing restored

👨‍👩‍👧‍👦 FAMILIES 👨‍👩‍👧‍👦
Child tax credit increases to $2,200
Dependent care limits increase to $7,500

🏡 ESTATE MANAGEMENT 🏡
Exemption increases to $15 million/$30 million (starts 2026)

IMPORTANT: Some of these changes are temporary (2025-2028). Consult a tax professional for your specific situation.

The latest insights from the 2025 EBRI Retirement Confidence survey are available!

See how your confidence stacks up from retirement readiness to social security reliance. Do any of these stats seem surprising as you think about your retirement journey? If so, feel free to tag and share 📣

During a typical year, stock prices see pullbacks several times. It’s a normal, healthy part of the investing cycle. Is it unsettling? Very! But when prices turn volatile, I want you to slip into your “Been there, done that” t-shirt.

Benefit. Premium. Policyholder. Learn the language before evaluating your options.

Is Term Life Insurance for You? Term insurance is the simplest form of life insurance. Here's how it works.

🚨Attention, seniors and their loved ones! Elder fraud is a growing concern, with a staggering $3.4 billion in reported losses last year, according to a new FBI report.👵

The frequency of criminal schemes targeting U.S. seniors increased by 14% between 2022 and 2023. The most costly of these scams? Investment schemes entice victims to transfer money to fraudulent financial institutions.

Last year, over 5,920 individuals aged 60 and above lost more than $100,000 due to these criminal frauds. This is a serious issue that requires our attention.

So, how can we combat this? Stay cautious of unsolicited contact from financial institutions or unknown parties. If an offer seems too good to be true, it likely is. Make it a priority to educate yourself and your loved ones about common scams. If you suspect any suspicious activity, report it to law enforcement as soon as possible.

Let's empower ourselves with knowledge and stay vigilant!



Source:

Criminal schemes targeting U.S. seniors account for $3.4 billion in reported losses, FBI says Reports of elder fraud crimes increased by 14% in 2023, according to a new federal report.