VIDEO: Tax Preparation Webinar Replay

Webinar held for 2022 tax preparation tips and tricks

Level Financial Advisors and Lisa Mrkall, CPA, MBA of Tronconi Segarra & Associates host this 1-hour educational session geared toward making sure you are prepared for filing your taxes! Lisa discusses common errors and misconceptions, how to handle distributions and charitable donations, and changes in the tax code that will impact this year’s returns.

Michael Heburn Appointed President of FPA of WNY

PRESS RELEASE Amherst, NY:  Level Financial Advisors recently announced that its Chief Operating Officer, Michael Heburn, has been appointed President of The Financial Planning Associate of Western New York. Mr. Heburn, a partner at the firm, recently completed a two-year term as the association’s treasurer. “I’m honored that the board has put its trust in me to lead the organization, especially during such a challenging time in our history,”  Heburn stated.  “Our mission for the coming months will be to rebuild and reengage new membership, and reach out to a more diverse group of financial professionals, while leaning on the experience and mentorship of our well-tenured members who have kept the organization moving forward for decades.” Joining Heburn on the board is past-president Paul Coleman III, CFP®, who will become the association’s treasurer.  Mr. Coleman is an advisor with Level. The FPA of WNY was founded in 2006 with a mission of providing networking and...

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Desiree Weppner Promoted to Human Resources Manager

Desiree Weppner promoted to Human Resources Manager for Level Financial Advisors

PRESS RELEASE Amherst, NY: Level Financial Advisors has promoted Desiree Weppner to the position of Human Resources Manager at its fee-only investment management and financial planning firm. She will assist the company in all aspects of employee relations, payroll, 401k and benefits administration, along with hiring and retention activities.  As part of her new responsibilities, Ms. Weppner will continue to support the client services team in various aspects of the firms daily activities. She will report to the firm’s chief operating officer in her new role. Ms. Weppner graduated from Gannon University, achieving a Bachelor of Science in Mental Health Counseling; she later received her Masters of Science in School Counseling from Edinboro University. Prior to joining Level in 2020, Ms. Weppner worked as a School Counselor at St. Gregory the Great Catholic School. She serves on the board of the Character Council of Western New York as its Vice President and is also...

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VIDEO: 5 Year-End Tax Strategies

5 actionable strategies individuals can take now to save taxes in retirement

Level Financial Advisors’ Chief Investment Officer & Partner, Steven Elwell, CFP® and Financial Advisor Paul Coleman III, CFP® discuss simple, actionable strategies you can take now that will save money and avoid taxes! This webinar was originally recorded November 18th.

Important Link from Webinar: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit

IRS Publishes 2022 Contribution Limits

IR-2021-216, November 4, 2021 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS today also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2022 in Notice 2021-61 PDF, posted today on IRS.gov. Highlights of changes for 2022 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased to $20,500, up from $19,500. The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs, and to claim the Saver's Credit all increased for 2022. Taxpayers can deduct contributions to a traditional IRA if they meet certain conditions. If during the year either the taxpayer or the...

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