As 2024 ends, we’re excited to look back on another amazing year at Three Creeks Capital. Together, we’ve celebrated milestones, embraced new journeys, and prepared for an exciting year ahead.
Here are a few highlights from 2024:
Looking ahead to 2025, we’re focusing on initiatives to improve your experience with us:
On a personal note, Todd is excited to join the Strategic Coaching Program with Dan Sullivan in April 2025. This program will help us continue to deliver exceptional client experience while ensuring Todd can sustainably focus on what matters most.
As always, we’re here to improve your financial outcomes, help you avoid mistakes and reduce your financial anxiety.
We’re so grateful for your trust in us and look forward to making 2025 your best year yet!
The wait is over. The Social Security Fairness Act has passed. The legislation has cleared the House and Senate and waiting to be signed by the President.
WEP and GPO have been around for decades, and it’s estimated that over 2 million people are affected by it. Aversion of the Social Security Fairness Act has been introduced in almost every two-year congressional term for over 20 years. Each time, it either stalls in committee or doesn’t make it to the floor for a vote. Bipartisan support has been there in the past, but there’s been an increase in the momentum due to more co-sponsors and more people speaking out about it than ever before.
What does this mean going forward?
Increased monthly Social Security Benefits: Public employees affected by this would no longer see a reduction in their personal Social Security benefit. This would also include spousal and survivor benefits through Social Security.
The Social Security Administration has also confirmed that the Social Security Fairness Act would provide retroactive payments to those who were impacted by WEP or GPO in 2024.
Things to Consider…
We would encourage you to reassess your retirement income. An increased monthly Social Security benefit might push you into a higher marginal tax bracket, or it may cause a larger percentage of your Social Security benefits to be taxable.
Do you still need additional income from your retirement accounts?
Your retirement income strategy may need to be reassessed. Tax planning is even more important with more taxable income. We may need to reconsider how we invest and what tax strategies should be considered going forward as it relates to your retirement income and accounts.
If the Social Security Fairness Act impacts you, give us a call so we can plan for 2024.
Congrats!
Jim McGrath – Retired Kettering Fire Captain, EMS Coordinator, and Ohio Task Force 1 Member
Meet Jim McGrath, who is a retired Captain from the Kettering Fire Department, Current EMS Coordinator with Mercy Health, and member of Ohio Task Force 1. Since retiring in 2023, Jim has continued to serve our communities. We are all aware of the devasting hurricanes that ripped through the south this past fall. Jim and other members of Ohio Task Force 1were called on to provide search and rescue missions in Florida and North Carolina.
Here’s a brief timeline on their 21-day journey, along with Jim’s first-hand account of the devastation.
OH-TF1’sMulti-State Hurricane Response
As the team’s Medical Specialist, Jim’s responsibilities included caring for the health and well-being of all 82 task force members, their K-9s, and any civilians needing medical attention.
When asked what he learned or took away from this experience, Jim said, “every deployment is different. Different team members, different situations, different destruction, and different people who have suffered a weather-related tragedy. I’m blessed with an opportunity to serve in a capacity for which my passion serves.”
We’d like to thank Jim for sharing his experiences and his unwavering commitment to serving when disaster strikes. We are grateful for your many years of service to our local communities and beyond.
Starting in January of 2025, there are a couple of changes as it relates to Pershing fees.
IRA Maintenance Fee: This fee will be going up from $40 to $45 (annually)
Paper Surcharge Fees: This will move to a subscription fee. So instead of $1.50 per statement and $1.50 per confirmation, the fee will be$3 a month. If you only receive tax documents on paper and all other document types are electronic, then there will be a $10 per year fee.
How can you avoid fees associated with paper documents?
By choosing e-delivery! – it’s also faster and more secure. If you’re unfamiliar with e-delivery you can enjoy comprehensive paperless delivery through the AdviceWorks Client Portal for your Pershing documents and notices, as well as all documents received from Cetera.
To enroll in e-delivery, log into your AdviceWorks account then go to My Documents > Statements & Notices to adjust your e-delivery settings. You can also enroll through the AdviceWorks mobile app in Account Settings. If you want all account documents to be e-delivery, make sure to check all the boxes for each of your accounts.
Not set up with AdviceWorks Client Portal Access? Reach out to us or visit https://client.adviceworks.net/auth/login to enroll.
To continue enhancing your experience, we’re excited to announce that we’re hiring two new roles:
We’d love your help finding the right people! If you know someone who would be a great fit for either of these roles, please let us know.
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