TFG Related Entities / Fuoco Group

No matter how wealthy you are — human nature tends to make us put off attending to important matters. But this is no time to ignore the fact that the Tax Cuts & Jobs Act lifetime estate and gift tax exemption will "sunset" in 2025. Be proactive, estates in excess of the lifetime limits may face significant tax increases post-2025. Click here for a list of strategies to help you prepare. https://lnkd.in/ePGx5TiE

Your physical health is important, so you don’t delay that mid-year trip to the doctor or dentist for a check-up. Remember, your financial health is just as important! So with the second quarter coming to a close, Summer is the perfect time for you and your portfolio to have a mid-year financial check-up. Click here: https://lnkd.in/guB4Rbc9 for financially impactful ideas for individuals.

TFG Financial Advisors Summer Update: Is Your Portfolio Feeling the Heat? Articles include: Quarterly Market Overview, Mid-Year Financial Wellness Checklist, RMDs: Monthly vs Annually, Protect your Estate for the 2025 Tax Sunset, HSA Changes, and No More Roth 401(k) RMDs! https://conta.cc/4ed8Y7A

Graduation is a huge milestone for anyone, but especially for younger people who are looking forward to college, or their first job after crossing the stage. We all know well wishes are in order, but for family members or friends who want to give a special graduation gift, what do you do? Click here for creative financial ideas: https://lnkd.in/eR8ATxq5

Florida Sales Tax Holiday Ahead! Freedom Month Sales Tax Holiday: July 1st to July 31st. Items include: Purchases of admissions to music, sporting, and cultural events; tickets to movies and museums; single admission or season tickets to theatre and dance performances; state park admission and annual passes; and use of fitness facilities will be tax free. Tickets, memberships and passes, purchased during this time for use any time from July 1 – December 31, are tax free. Also applies to sales of certain boating and water activity supplies, camping supplies, fishing supplies, sunglasses, sunscreen, and grills, and pool supplies.

TFG is proud to support #WomenInBusiness

Happy to attend the Palm Beach North Chamber of Commerce breakfast “Honoring Our Community Heroes,” to support the stewards of our safety in Northern Palm Beach County! Congratulations from TFG Related Entities to those who were presented with awards, and thanks to all our men and women in public service who put their lives on the line for us!!

Under the SECURE 2.0 Act there are special rules for distributions from IRAs and retirement plans for those impacted by a federally declared major disaster. Expanded distribution options, and favorable tax treatment for up to $22,000 from eligible retirement plans, as well as the ability to repay distributions taken for a first time home purchase that was not used due to the disaster, are included in these special rules. With hurricane season ahead, you may want to read more here: https://lnkd.in/eiW98tw9

FinCEN BOI- 6 Months Left to Comply! Don't feel bad, the Corporate Transparency Act (CTA) snuck up on most folks. In effect since January 1, 2024, it impacts privately held corporations, limited partnerships, statutory trusts, limited liability companies, and other similar entities. The CTA applies to most client entities doing under $5 Million per year, and it adds a new layer of regulatory compliance for you. But don't panic! Click here: https://lnkd.in/e4s_v2aF to find out what is required, and when!

Wishing you and your loved ones a very special Father's Day this June 16th. We salute Dads (and Dads-to-be) everywhere, along with Grandfathers, Godfathers, Stepdads, Uncles and Nephews, even Big Brothers who play an important role in the family. Have fun this holiday weekend doing what you love, with the ones you love!