Email not displaying correctly? View it in your browser.   FINANCIALLY FOCUSED December 2023 Newsletter 708.479.8771 www.dowlingretirement.com   Tips for Transferring Your Wealth   A September 2023 Kiplinger article, Three Ways Parents Can Transfer Wealth to Help Their Kids, has some interesting insights into how you can transfer your assets in ways that may not burden your heirs with extra taxes. UTMAs and UGMAs The first possibility is custodial accounts. When a child is still young, some parents open a Uniform Transfer to Minors Act account, UTMA for short, or a Uniform Gifts to Minors Act account, otherwise known as a UGMA. Read More   You Can Hear Thundersnow When the Conditions Are Right If you’ve ever heard the unmistakable rumble of thunder in the middle of a snowstorm, that’s not your ears playing tricks on you. It’s likely thundersnow, a rare winter weather phenomenon that’s most common near lakes. When relatively warm columns of air rise from the ground and form turbulent storm clouds in the sky in the winter, there’s potential for thundersnow. A few more factors are still necessary for it to occur, namely air that’s warmer than the cloud cover above it and wind that pushes the warm air upwards.1   New Life for Your Old Insurance Policy   Life insurance can serve many valuable purposes. However, later in life — when your children have grown, you've retired, or you've paid off your mortgage — you may think you no longer need to keep your coverage, or perhaps your coverage has become too expensive. You might be tempted to abandon the policy or surrender your life insurance coverage, but there are other alternatives to consider.   Read More   Homemade Eggnog You wont believe how easy and DELICIOUS homemade eggnog is, and this recipe really is the best! Thick and creamy with the perfect mild flavor and hint of nutmeg. You’ll never buy store-bought eggnog again! Get Cooking!   Now Available A GUIDE TO GETTING YOUR HOUSE IN ORDER     A Look Inside: You might have desires during retirement, such as traveling, purchasing property, or moving to be closer to your family (or farther away). You may also want your assets to provide for your loved ones after you are gone. The truth is that it takes more than just money to fulfill those needs and desires. Your income, your plans for retirement, your future healthcare expenses, and the continued accumulation of your assets after you stop working and drawing a paycheck all rely on one thing: You You'll Learn: ​Investment Solutions Social Security Strategies Legacy Planning Asset Organization Come in for a complimentary consultation and receive an autographed copy of our book! Local authors and financial professionals Ron and Karen Dowling reveal strategies to getting your legacy, retirement and income planning in order with their new book!     Like us on Facebook or follow us on Instagram! Did you know that Dowling Legacy & Retirement is on social media? Stay up-to-date on valuable market and industry news.   1 https://www.mentalfloss.com/article/89881/15-surprising-facts-about-winter-weather Advisory services are offered by Chancellor Financial Services, Inc a Registered Investment Advisor in the State of IL. Insurance services offered through Dowling Consulting Services, Inc. dba, Dowling Legacy & Retirement, an affiliated company. Neither Chancellor Financial Services, Inc., nor Dowling Legacy & Retirement are affiliated with or endorsed by the Social Security Administration or any government agency.       Karen Dowling © Dowling Legacy & Retirement 10727 Winterset Drive Orland Park, IL 60467 Ph: (708) 479-8771 Email: karen@dowlingretirement.com Web: www.dowlingretirement.com      This email was sent to {|RECIPIENT|}. Rather not receive it anymore? Unsubscribe {|DISCLOSURE|}