Elise Murphy promoted to Director of Client Services and Partner

PRESS RELEASE Level Financial Advisors, Inc. announced today the appointment of Elise Murphy, CFP® as Director of Clients Services and Partner.  Murphy joins Rosanne Braxton, CFP®, Steven Elwell, CFP® and Michael Heburn as co-owners of the Amherst-based financial planning firm. Murphy, hired by the firm in 2012, will lead the company’s support teams and serve on the corporation’s board of directors. She will continue her advisory responsibilities while taking a direct role in the firm’s day-to-day operations.  She is a CERTIFIED FINANCIAL PLANNERTM professional and a graduate of SUNY Fredonia. Murphy is a board member of the Junior League of Buffalo and a member of the Financial Planning Association of WNY.  She lives in Kenmore with her husband and two children. Level Financial Advisors serves 618 individuals and families throughout WNY and the U.S., managing $520 million in assets. The firm employs six CERTIFIED FINANCIAL PLANNERTM professionals with offices in Amherst and Hamburg, NY....

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VIDEO: SECURE ACT 2.0 – What Retirees Need to Know

SECURE Act 2.0 was signed into law on December 23rd bringing big changes for retirement accounts

President Joe Biden signed the SECURE Act 2.0 of 2022 into law on December 23rd. The law is filled with many changes impacting retirement accounts, individuals and taxes. In this brief video, Elise Murphy, CFP® zooms in on some of the key takeaways for those approaching or in retirement that could affect financial planning and investment decision-making.

Finally, Some Good News for Retirees

Inflation has been running high this year and it is getting harder for retirees to make ends meet on a fixed income. Fortunately, there is relief on the horizon for those on Medicare and those receiving Social Security benefits. Social Security has a cost of living adjustment (COLA) each year that increases benefits based on inflation to help retirees maintain their purchasing power. On average, the COLA increases around 1% to 3% most years. This year we saw a 5.9% increase. The Social Security Administration will announce the cost of living adjustment for 2023 tomorrow, which is expected to be between 8% and 10%. This record-breaking adjustment will help many retirees keep up with inflation as many are living off a fixed income. Not only will the Social Security cost of living adjustment increase, but, for the first time in a decade, Americans will pay less monthly premiums in 2023 for Medicare...

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