Judith Naegely's Page

02/21/2025

To all my HR leaders out there with younger employees, this might be worth implementing or at least discussing with your CFO!

🏆 Companies offering this perk will stand out, making them great places to work.

🎓 Student Loans vs. Retirement? Why Not Both?! 💸➡️💰
Good news! If you’re juggling student loan payments and feeling like you just can’t save for retirement—help is here! Thanks to the Secure 2.0 Act, your employer can now match your student loan payments with a 401(k) contribution. 🚀
💡 Here’s how it works:
✅ You make payments on your student loans.
✅ Your employer treats those payments like 401(k) contributions and matches them—even if you’re not putting money into your 401(k)!
✅ Boom! You’re paying off debt and building your future retirement savings at the same time. 🎉

Why is this awesome?

💰 You don’t have to pick between crushing student debt or saving for later—you can do both!

📈 Your retirement fund grows without you even thinking about it.💡

YOUNGER EMPLOYEES:
If your company isn’t offering this yet, ask them about it—because free money for your future is too good to pass up! 💡

Follow me on LinkedIn for more tips:

Empowering Businesses, Supporting Employees, and Simplifying Financial Wellness As a financial advisor and financial wellness advocate, I specialize in helping small businesses create meaningful benefits that support both their workforce and their bottom line. I provide financial literacy programs,....

01/24/2025

𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐥𝐢𝐦𝐢𝐭𝐬 𝐟𝐨𝐫 401(𝐤) 𝐚𝐧𝐝 𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐏𝐥𝐚𝐧𝐬 𝐡𝐚𝐯𝐞 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐟𝐨𝐫 2025! If it works in your financial plan and budget, be sure to update your payroll system at the beginning of the year to take full advantage of these increased tax deductible contributions. Key point; tax-deferred growth in these accounts can have a HUGE impact on your retirement-readiness.

401(k) and Similar Plans (403b, 457): $23,500

𝐒𝐈𝐌𝐏𝐋𝐄: $16,500

IRA contributions remain the same: $7000

The catch-up contribution limit that generally applies for employees aged 50 and over remains the same.

In good news for younger seniors, higher catch-up contribution limits are allowed for employees aged 60, 61, 62 and 63 who participate in these plans.

Here's a good article, quick read;

https://www.forbes.com/sites/kellyphillipserb/2024/11/01/irs-announces-retirement-contribution-limits-will-increase-in-2025/

10/26/2024

From garden bed to bowl. This was too easy and so delicious!

HAPPY FALL YA'LL!!

10/07/2024

We're all still shaken up by the devastation in our beautiful NC, and TN. There's a long way to recovery, and I know many of us are trying to do our part in helping those who were gravely affected.

It's no news that some of the most popular retirement destinations have an increased risk of natural disasters. In fact, H&R Block’s 2023 Outlook on American Life report revealed that most boomers (born between 1946 and 1964) moved to Florida, Texas, Arizona, North Carolina, and South Carolina in 2021.

Moving to these locations certainly does require extra, careful retirement planning. If your retired loved ones have not done so, here are some tips that will help them prepare;



Preparation for natural disasters involves more than just creating evacuation plans. It includes saving a robust emergency fund, as well as ensuring that you have adequate insurance.

Understanding FEMA’s risk maps, IRS tax relief for those affected by disasters, and relief programs for the area around your home can help you decide where to retire and how much to save.

Generally, the IRS automatically identifies taxpayers in covered disaster areas and applies for relief, said Hannah Black, a senior tax research analyst with The Tax Institute at H&R Block. However, taxpayers may still receive a late filing or payment penalty notice even if they qualify for relief.

“This situation might occur if the taxpayer moved to the disaster area after filing their return and does not have an IRS address of record in the disaster area,” Black said. In that case, a bit of self-advocacy goes a long way. Contacting the IRS—as well as any banks or creditors— can help get penalties abated or forgiven.

FEMA's disaster assistance and the IRS's disaster relief for retirement plans support retirees in disaster-prone areas.

Natural disasters can significantly impact pensions, savings, and investments. Disasters tend to cause market volatility, which can lead to sudden drops in the value of investments. This can dramatically affect retirees who rely on consistent withdrawals from these accounts to cover daily expenses. Depending on the size and scale of a disaster, aspiring retirees may need to take out funds from these accounts earlier than anticipated, generating fees and tax bills.

In short, better-informed retirees can choose safer locations to live and thrive—while also preparing for the cost of mitigation measures like insurance and investment diversification.

Some of the most popular retirement destinations have an increased risk of natural disasters. Considering natural disasters when retirement planning helps retirees and hopeful retirees make informed decisions to protect their assets and well-being.

06/23/2024

Some of our clients take ShredIt day very seriously. 😂

We appreciate our clients! It’s always great to see so many clients on a beautiful CO June Saturday.

06/07/2024

Be sure to RSPV so we can be sure to order enough delicious breakfast burritos. 😀 Excited to see you on June 15th!

Have you reserved a seat yet? RSVP today for Shred-it Event, 3rd Annual. It's going to be great! https://www.marathonwps.com/events/shred-it-event-3rd-annual

04/10/2024

10 𝐭𝐡𝐢𝐧𝐠𝐬 𝐭𝐮𝐫𝐧𝐢𝐧𝐠 100 𝐢𝐧 2024, 𝐟𝐫𝐨𝐦 𝐁𝐚𝐧𝐝-𝐀𝐢𝐝𝐬 𝐭𝐨 𝐏𝐨𝐩𝐬𝐢𝐜𝐥𝐞𝐬

Dum Dums were created 100 years ago.

Kleenex tissues were first introduced in 1924.

The first Winter Olympics were held 100 years ago in Chamonix, France.

Ready-to-use Band-Aids appeared in stores for the first time in 1924.

Iodized table salt turns 100 years old in 2024.

2024 will mark the 100th year of the Macy's Thanksgiving Day Parade.

Popsicles were patented 100 years ago.

In 1924, Clarence Birdseye invented a quick-freezing method to bring frozen food to the masses.

Chicago's 100-year-old Soldier Field is one of the oldest arenas in the NFL.

Metro-Goldwyn-Mayer, also known as MGM Studios, was founded 100 years ago in 1924.
On April 17, 1924, Louis B. Mayer merged his theater company with Metro Pictures Corporation and Goldwyn Pictures Corporation to form the Hollywood studio powerhouse Metro-Goldwyn-Mayer, The Hollywood Reporter reported.
MGM went on to produce and distribute iconic films such as "Gone with the Wind," "The Wizard of Oz," and "Singin' in the Rain" as well as contemporary hits such as "Legally Blonde."
--> 𝐀𝐦𝐚𝐳𝐨𝐧 𝐚𝐜𝐪𝐮𝐢𝐫𝐞𝐝 𝐌𝐆𝐌 𝐟𝐨𝐫 $8.5 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2021.

𝘕𝘰𝘸 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴𝘯'𝘵 𝘢 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘴𝘵𝘰𝘳𝘺 𝘐 𝘥𝘰𝘯'𝘵 𝘬𝘯𝘰𝘸 𝘸𝘩𝘢𝘵 𝘪𝘴. 𝘐𝘵 𝘢𝘭𝘭 𝘴𝘵𝘢𝘳𝘵𝘦𝘥 𝘸𝘩𝘦𝘯 𝘔𝘢𝘺𝘦𝘳 𝘳𝘦𝘯𝘰𝘷𝘢𝘵𝘦𝘥 𝘵𝘩𝘦 𝘎𝘦𝘮 𝘛𝘩𝘦𝘢𝘵𝘦𝘳, 𝘢 𝘳𝘶𝘯-𝘥𝘰𝘸𝘯 600 𝘴𝘦𝘢𝘵 𝘣𝘶𝘳𝘭𝘦𝘴𝘲𝘶𝘦 𝘩𝘰𝘶𝘴𝘦 𝘪𝘯 𝘔𝘢𝘴𝘴𝘢𝘤𝘩𝘶𝘴𝘦𝘵𝘵𝘴 𝘪𝘯 1907.
𝘏𝘪𝘴 𝘪𝘮𝘮𝘪𝘨𝘳𝘢𝘯𝘵 𝘧𝘢𝘵𝘩𝘦𝘳 𝘴𝘵𝘢𝘳𝘵𝘦𝘥 𝘢 𝘴𝘤𝘳𝘢𝘱 𝘮𝘦𝘵𝘢𝘭 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴, 𝘴𝘰 𝘔𝘢𝘺𝘦𝘳 𝘸𝘢𝘴 𝘯𝘰𝘵 𝘢𝘯 𝘢𝘧𝘧𝘭𝘶𝘦𝘯𝘵 𝘺𝘰𝘶𝘯𝘨 𝘣𝘰𝘺 𝘢𝘯𝘥 𝘣𝘶𝘪𝘭𝘵 𝘩𝘪𝘴 𝘰𝘸𝘯 𝘸𝘦𝘢𝘭𝘵𝘩.

𝘙𝘦𝘢𝘥𝘪𝘯𝘨 𝘢𝘣𝘰𝘶𝘵 𝘢𝘯𝘥 𝘴𝘩𝘢𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 "𝘣𝘦𝘨𝘪𝘯𝘯𝘪𝘯𝘨𝘴" 𝘰𝘧 𝘴𝘶𝘤𝘤𝘦𝘴𝘴𝘧𝘶𝘭 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘪𝘴 𝘴𝘰 𝘪𝘯𝘴𝘱𝘪𝘳𝘪𝘯𝘨. 𝘞𝘦 𝘩𝘢𝘷𝘦 𝘵𝘩𝘦 𝘱𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦 𝘰𝘧 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘸𝘪𝘵𝘩 𝘦𝘯𝘵𝘳𝘦𝘱𝘳𝘦𝘯𝘦𝘶𝘳𝘴 𝘢𝘯𝘥 𝘴𝘮𝘢𝘭𝘭 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴, 𝘸𝘩𝘰 𝘢𝘳𝘦 𝘢𝘭𝘭 𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘩𝘢𝘳𝘥 𝘢𝘯𝘥 𝘥𝘳𝘦𝘢𝘮𝘪𝘯𝘨 𝘣𝘪𝘨 𝘥𝘳𝘦𝘢𝘮𝘴 ... 𝘴𝘶𝘤𝘤𝘦𝘴𝘴 𝘤𝘰𝘶𝘭𝘥 (𝘞𝘐𝘓𝘓) 𝘣𝘦 𝘺𝘰𝘶𝘳𝘴!

03/20/2024

Great way to start the day with Dr. Scott Ralls President of Wake Technical Community College.

It's incredible to hear that most people registering for community college are over 60. That's right in line with my Aging in Confidence series starting this evening.... more boomers are waking up to the fact that they may have retired too early, or need additional certifications to continue in the workforce in order to prevent outliving their money.

𝐅𝐔𝐍 𝐅𝐀𝐂𝐓𝐒:

5 community colleges in the region are collaborating with hospitals since the #1 apprenticeship for young students is HEALTHCARE. This is great news for our aging population, and our growing need for healthcare as medical advances extend our lives. I think about this often when we build financial plans for our clients.

This is one of many examples as to how the 58 community colleges across NC are offering "education crafted to meet the needs of the community".

(As stated so eloquently during this morning's meeting by Adrienne Cole President & CEO of Greater Raleigh Chamber of Commerce).

Look up NC NEXT. Households with AGI of less than $80,000 can qualify for free state-paid community college education.

03/13/2024

Raleigh network: I'm excited to invite you to our Educational Workshop on March 20th from 5:30-7pm (location below).

𝐀𝐆𝐈𝐍𝐆 𝐖𝐈𝐓𝐇 𝐂𝐎𝐍𝐅𝐈𝐃𝐄𝐍𝐂𝐄.

100% 𝘤𝘰𝘮𝘱𝘭𝘪𝘮𝘦𝘯𝘵𝘢𝘳𝘺 𝘵𝘰 𝘺𝘰𝘶 𝘢𝘯𝘥 𝘺𝘰𝘶𝘳𝘴

Come learn from our panel, 'Your Confidence Concierge', about:

-Medicare: what does it cover? (panelist: Jason White, Medicare Specialist)

-Long Term Care (panelist: Jessica Cunningham, LTC Specialist)

-Extended Care in RALEIGH: Options & Cost (panelist: Sanjay Das, Raleigh's Top Care Community Specialist)

-Estate Planning (panelist: Juan Sosa, Estate Planning Attorney)

-Financial & Retirement Planning (panelist: Judith Naegely, Financial Planner)

Register via this link. Looking forward to seeing you and your friends soon.

Join this interactive workshop as we explore the medical, legal, and financial considerations of planning for future care needs, so that you and your loved ones can age with confidence and have peace of mind when life happens.

03/12/2024

March is Women’s History Month, and to kick it off right, 93-year-old former professor Ruth Gottesman made her mark on the world by donating $1 billion to ensure that students at a Bronx medical university received free tuition in perpetuity. 🙌 🙌🙌

‘I’ve never seen anybody behave better with a billion dollars.’ How a 93-year-old woman made a Bronx medical school tuition-free using Berkshire Hathaway stock.

02/15/2024

𝐎𝐟𝐟𝐞𝐧𝐬𝐞 𝐕𝐒. 𝐃𝐞𝐟𝐞𝐧𝐬𝐞?

Regardless of one's situation, managing your financials properly involves "offensive" and "defensive" tactics. Quick checks and balances to make sure you're playing both offense and defense ...

"𝐎𝐟𝐟𝐞𝐧𝐬𝐢𝐯𝐞" tactics include:

👉🏽 maximizing income



👉🏽minimizing taxes

👉🏽saving a portion of earnings

👉🏽leveraging & maximizing cash flow and/or appreciation of invested assets

"𝐃𝐞𝐟𝐞𝐧𝐬𝐢𝐯𝐞" tactics include:

👉🏽 protecting our ability to earn an income

👉🏽 preservation of the value of personal and investment assets

Friends, talk to your financial planner. Or, let me know if you're not sure and want to chat about this. Ultimately, both sides of the playing field should be covered so there are no cracks in your financial plan.