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Your November enewsletter: Are you unknowingly buying annuities in your 401(k)?

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Hi Reader,

Happy November from Arnold & Mote!

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As the year draws to a close, it's the perfect time to reflect on your finances and consider ways to make a positive impact on both your future and your community.

This month, we’re reviewing several strategies to help you finish the year on a strong note:

• Our upcoming webinar will outline steps to create an effective charitable giving strategy. We’ll cover how to best support the charities you care about while ensuring you receive the maximum tax benefits available to you.
• Our content this month will also spotlight a growing trend in 401(k) plans. Many savers are being quietly signed up for high-cost investments in their 401(k)s they might not fully understand.
• Lastly, we’ll revisit some recent lessons on inflation and discuss strategies to help protect your finances if inflation returns.

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A Final Reminder for Medicare Part D Enrollees

For those enrolled in a Medicare Part D prescription drug plan, remember that the deadline to select a new plan for 2025 is December 7th, 2024.

Reviewing your options can be especially beneficial if you began new prescription medications in 2024. However, anyone may find savings if more affordable plans are now available in your area.

To help you explore your options, we have two resources: This PDF outlines the steps to shop for a new drug plan. And in this webinar we guide you through the process on Medicare.gov.

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We are deeply thankful for the opportunity to support you in achieving your financial goals. Please don’t hesitate to reach out with any questions about the topics covered or any other personal finance matters.

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Wishing you a wonderful Thanksgiving,

The Arnold & Mote Team

November Webinar - Charitable Giving Strategies

As the end of the year approaches, charitable giving is top of mind for many of our clients. But for those with investments, giving back can mean much more than simply writing a check. Whether you hold most of your assets in an IRA, a brokerage account, or even farmland, your investments can offer powerful options to maximize both the benefit to your chosen charity and the tax advantages available to you.

This month, we're highlighting popular strategies for charitable giving and discussing why we consider it an essential part of a comprehensive financial plan. In this webinar, we’ll cover:

• Various ways to use your investments for charitable contributions
• Tax advantages of different donation strategies
• How to combine charitable giving with Roth conversions and other financial planning techniques
• Charitable gift annuities and other estate planning topics

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Join us at noon Central Time on Friday, November 22nd for the live broadcast, which will be streamed on our YouTube channel here:

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Want a reminder before we go live? Click the button above and subscribe to our channel to be notified as the webinar begins:

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If you can't attend live, a replay of the webinar will be accessible immediately after and available alongside recordings of all previous webinars on our YouTube channel.

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If there are questions you'd like to have answered, simply reply to this email and let us know!

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Last Month's Webinar Recording

If you missed last month's webinar, here is the recording of "Annuities 101 - Basics of Annuities, Tax Deferral Explained, and Pros and Cons"

From the Blog: Target Date Funds with Annuities Built In​

The SECURE Act of 2020 has opened the door for more insurance products to be included within 401(k) plans.

One of the trends we’re seeing in some clients' retirement accounts—including those employed at Collins Aerospace/Raytheon—is the introduction of target date funds that now include annuities.

These investments, often called hybrid target date funds, aim to provide a convenient, “autopilot” savings plan that also secures income for you in retirement.

But are these new investments truly the right fit for your financial goals?

Arnold & Mote in the Press

KCRG/ABC: Inflation and Retirement - What you need to know if you’re planning a retirement now​

The surge in inflation during 2022 took many investors by surprise. Although inflation has decreased significantly over the past two years, markets are now beginning to factor in expectations of higher future inflation.

In an interview with KCRG, our local ABC News affiliate, we discussed strategies retirees can use to combat inflation in their investments and overall financial plans. We also highlighted specific groups of retirees who may be more vulnerable to the impact of rising inflation.

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See our other recent press mentions on our Press Page.

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Looking for Something From a Prior Newsletter?

As a reminder, you can now find the last 12 months of our newsletters here:

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Whether you’re new and want to browse newsletters you missed or are trying to follow up on a topic from a few months ago, we’re now publishing all newsletters at the link above. We'll also keep this link at the bottom of all future newsletters.

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Quinn and the Arnold & Mote Wealth Management Team

(319) 393-4020

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