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Weekly Wealth of Knowledge – Celebrating Community

This Thanksgiving Holiday, we want to thank you for your continued trust and relationship with our team here at Moneco. 
We wish you and your family a safe, abundant, delicious and relaxing holiday this week. As we wrap up 2024 in the coming weeks, we look forward to helping you with any transactions, questions and/or financial plan updates and refinements. Please reach out if you need us in between our client review conversations. We are here for you!
In this issue celebrating Thanksgiving, this November 27th Weekly Wealth of Knowledge newsletter highlights:
  • Advisor Insights: Teaching Kids To Be Charitable
  • Community: Giving To Flood Relief In NC & CT
  • Planning/Market Indicators: Give Back To Yourself: Catch Up Contributions
If you enjoy our Weekly Wealth of Knowledge content, stop by our community pages on FacebookLinkedin, and X as well, for more Moneco community features, for wealth management resources, as well as for broader insights and articles.
Please note: Our offices will be closed on Thursday and Friday, November 28th and November 29th in observance of the Thanksgiving holiday. 

 

Teaching Kids To Be Charitable

Teaching Kids to Be Charitable Using Behavioral Finance

As we reflect on gratitude this season, it’s the perfect time to inspire the next generation to embrace giving. Teaching children or grandchildren, nieces or nephews about charitable habits goes beyond kindness—it fosters empathy, responsibility, and lifelong financial wisdom. Drawing on insights from behavioral finance, this article and video below explore how early lessons in generosity can shape intentional, value-driven decision-making.

From using “Give, Save, Spend” jars to setting family giving goals and building everyday habits, these practical strategies can help your children grow into mindful, charitable individuals who understand the joy of helping others.

Learn More


Giving To Flood Relief In CT & NC

Extending Gratitude Through Action: Flood Relief Efforts

This Thanksgiving, we’re reminded of the importance of supporting communities in need. Flood victims in Asheville, NC, and the Connecticut River Valley are still rebuilding after recent disasters, and our team at Moneco has stepped up to help.

Through our fundraising drive, we are supporting Team, Inc. (CT) and the Patriot Relief Fund (NC), both providing vital aid to those affected. To amplify these efforts, Moneco is matching donations from our community with those that have been contributed by our clients and team. You are invited to Learn more at the link below for details on how to donate and consider joining us in making a meaningful difference this holiday season!

Learn More: Giving Back/Flood Relief

Community Donation

 

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Give Back To Yourself: Catch Up Contributions

Boost Your Retirement Readiness with Catch-Up Contributions

Did you know workers over 50 can boost their retirement savings with “catch-up” contributions? For 2024, those eligible can contribute up to $30,500 annually to a traditional 401(k), significantly increasing their retirement nest egg.

Over time, these extra contributions could extend the life of your savings, potentially allowing for a more comfortable retirement. With many Americans feeling uncertain about retirement readiness, this provision offers an opportunity to bridge the gap. Learn more below to discover how these contributions work and the potential impact they could have on your long-term financial plan.

  

Important Disclosures

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.

This commentary reflects the personal opinions, viewpoints and analyses of the Moneco Advisors employees providing such comments, and should not be regarded as a description of advisory services by Moneco Advisors or performance returns of any Moneco Advisors client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Moneco Advisors manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. 

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