The Lowry Letter®

We hope that you had a Happy Thanksgiving! Time with family is a great reminder of what we value most, and we hope it was a nice experience for you.

Next week is Thanksgiving and The Lowry Letter® will be on a break. We would love to hear what YOU are thankful for and we will share it in our next Letter. Please let us know!

We are thankful for your trust and confidence. We are thankful to have many long-term relationships with our clients, many lasting multiple decades. We are grateful for an excellent team that cares about each other, and about you. We are thankful to live in the United States of America.

We wish you a Happy Thanksgiving!

Retirement Plan contribution limits for 2024 have been increased, though by a smaller percentage than last 2023! More on this next week.

Also, this is the final reminder for our “Ask the Joes®” webinar, taking place on Thursday, Nov 9, at 4:30pm EST. Our review of the secure act will be led by Sean Durkin from the Capital Group/American Funds. Sean will also provide his firm’s outlook on the markets and economy.

 October continued a rough stretch for the markets. Brad McMillan explains that “this is a normal pullback that makes sense given financial conditions. From what we see right now, prospects for the market over time are still positive.”

Economic news was good, which means that interest rates may remain higher for longer. Even if this puts pressure on the market in the short term, we have a good foundation for forward progress. For long-term investors, this is a critical thing to remember.

Please join us at 4:30pm on November 9^th for a webinar reviewing the most important aspects of the SECURE Act 2.0. This law, passed in December 2022, made some significant changes to retirement accounts and plans. We’ll cover the major changes you should be aware of. 

If you have any questions for the webinar, please send them our way!

Last week’s Commonwealth National Conference was a great chance to gather important information and review best practices in financial planning and investment management. In this week’s Lowry Letter®, we share a few of the things we learned.

This week we are at the Commonwealth National Conference, and we look forward to sharing with you what we learn.

As residents of Greater Gainesville, we enjoy many aspects of a college town. As is our tradition, our physical office will be closed on Friday for University of Florida Homecoming festivities. We will be answering the phone and checking messages as usual. We hope our fellow locals enjoy the day and that the Gators have a better weekend!

September has continued a tough stretch for the markets, not an unusual pattern, but also not a fun reversal after the strong recovery we’ve experienced this year. It’s a good time to remember that we are in it for the long haul!

We are grateful that you have chosen to work with us through your life’s various transitions. It is our privilege to smooth out complex moments as much as possible, whether calculating an appropriate withdrawal rate or helping you map out the next chapter in your life.