When Congress passed the recent $1.5 trillion tax bill (The Tax Cuts and Jobs Act or TCJA), it triggered the first comprehensive revamp of the U.S. tax code in more than three decades. As we prepare to file our 2018 tax returns, Americans will feel the effects of this legislation for the first time. For most, the effects will be positive. In fact, 80% of Americans will see their taxes drop. However, not all the news is good. There will be inevitable surprises as 2018 taxes are filed with one particularly nasty “gotcha” that will likely catch many taxpayers off guard.
Atlanta Financial Newsroom
Atlanta Financial Promotes Jon Holmgren to Chief Operating Officer and Hires Michelle Thompson, JD, CFP®, CTFA® and Damita Jennings
Independent financial advisory firm strengthens team by promoting from within and recruiting new, experienced talent
ATLANTA – Jan. 10, 2019 – Atlanta Financial Associates, an award-winning, independent financial advisory firm, today announced a promotion and two new hires in the past six months as the business continues to grow in its twenty-sixth year.
Jon Holmgren was promoted to Chief Operating Officer (COO), effective July 1, 2018. Holmgren served as Vice President of Business Operations since July 2017. He continues to be instrumental in streamlining the processes and procedures that enable the firm’s success. Holmgren oversees daily firm operations as well as helps define and execute the firm’s strategic path.
“Jon’s habit of excellence sets a high bar for the rest of the AFA team,” said Cathy Miller, MBA, CFP®, CRPS®, CDFA™, Principal at Atlanta Financial. “We greatly value his efforts and congratulate him on this well-deserved promotion.”
This past summer, Michelle Thompson, JD, CFP®, CTFA®, joined Atlanta Financial as a Wealth Manager. Working with principal Julie Andrews, MBA, CFP®, AIF®, Thompson is a CERTIFIED FINANCIAL PLANNER™ and licensed attorney, receiving her finance degree from the University of North Carolina in Greensboro and law degree from John Marshall Law School. She has also earned her Certified Trust and Financial Advisor (CTFA) designation.
“Michelle’s desire to work with individuals and families seeking financial guidance comes from a very personal place,” said Julie Andrews, Principal. “She understands how to balance the inherent difficulties of a blended family with the complexities of estate planning, which is helpful to many clients.”
Atlanta Financial welcomed Client Services Manager, Damita Jennings to the team in July. Jennings is charged with handling a wide variety of operational duties including client service, trading and new business activities. She is also helping the firm to leverage their new technology that has recently been implemented to help elevate the client experience at Atlanta Financial.
“In just a short time, Damita has made a positive impact with our clients and her colleagues,” said Rick Henderson, Principal. “We see a bright future at AFA for Damita and are excited to watch her grow professionally.”
Atlanta Financial’s success is built on establishing trusting relationships, a commitment to clients’ success, and a depth of expertise across the financial industry. Through many years of market cycles, shifts and turns, the firm has remained a leader in wealth management solutions due, in large part, to the best team in the business. Holmgren’s promotion and the hiring of Thompson and Jennings strengthens Atlanta Financial as the firm continues to work towards “Making Life’s Journey Richer” for both their clients and their staff.
I was recently asked by a cousin during a New Year’s Day lunch conversation, “If you had to name the one key to starting a good financial plan at my age, what would it be?” My reply came without hesitation – “Margin.”
To provide context as to how the question arose, he and his wife are in their late 20’s. They married fairly young, have already survived some incredibly difficult life events together, purchased their first home, adopted two dogs, and are now expecting their first child. He understands the value of a dollar, the meaning of hard work, and is, quite frankly, one of the most principled men I know. So, what he was really asking was simply this: If we are looking to REALLY start getting our act together financially, and begin to put ourselves on a path to build wealth, where should we start? By the look on his face, my cousin was expecting something quite different in response, but quickly caught on to what I meant as we continued to chat.
As your parents age, they will probably need more help from you. But it may be difficult to provide the help they need, especially if they’re experiencing financial trouble.
Money can be a sensitive subject to discuss, but you’ll need to talk to your parents about it in order to get to the root of their problems and come up with a solution. Before you start the conversation, consider the following four scenarios as signs that your parents might be experiencing financial challenges, and how you can make things easier for them.
When planning for retirement, it’s important to consider a wide variety of factors. One of the most important is health and its associated costs. Thinking about your future health and the rising cost of health care can help you better plan for retirement in terms of both your finances and overall well-being. This quiz can help you assess your current knowledge of health and health-care costs in retirement.