Horizon Financial

07/20/2026

December is the busiest month for RMDs.

But waiting until then can mean you miss some chances with charitable giving or with estate ideas.

For anyone age 73 or older, the required minimum distribution is mandatory, and the penalty for missing a deadline can be steep. If taken before age 59½, withdrawals are taxed as ordinary income and may be subject to a 10 percent penalty.

But the timing of the withdrawal and which accounts it comes from can shape the tax bill in ways a December scramble can’t.

A few things worth knowing:

👉 Multiple IRAs can be aggregated; retirement plans cannot. Each RMD must come from that specific plan.

👉 In 2026, a Qualified Charitable Distribution may allow up to $111,000 per individual to go directly from an IRA to a qualified charity, satisfying the RMD without adding to taxable income. Check with your tax, legal, or accounting professional if you’re considering this approach.

👉 A QCD has to be a direct transfer. Once the money lands in a personal account, the option is gone.

👉 Coordinating across accounts, spouses, and inherited IRAs is where most of the value might sit.

Mid-year is when there is still room to model it.

If RMDs are part of your plan this year, this is a good time to map them.

07/16/2026

Travel fraud gets worse every summer, and we hear more stories from clients every year.

A quick login from the lobby.

A brokerage app checked from the airport lounge.

A bank balance pulled up at a cafe.

Public networks are where accounts can get exposed.

A few habits worth building before the next trip:

🛑 Skip public WiFi for anything financial. Use cellular data or a personal hotspot.

🛑 Turn on real-time transaction alerts for every card.

🛑 Consider using credit, not debit.

🛑 Watch for skimmers (devices attached to gas pumps and ATMs that copy card data).

A few minutes of preparation before the trip can help prevent months of cleanup after.

07/16/2026

07/15/2026

SpaceX has joined the Nasdaq-100, a major stock market index that tracks many of the largest nonfinancial companies listed on Nasdaq.

The move could make the company a holding in more index-based funds, including some funds used in retirement accounts.

Index inclusion can matter because index-tracking funds may need to add shares of a newly included company. That can affect demand for the stock, though it does not guarantee future performance.

The company recently went public and has seen notable stock-price movement since its initial public offering.

The broader takeaway is that index changes can indirectly affect what investors own, especially through mutual funds, exchange-traded funds, and retirement account holdings.

For investors, this is a reminder to understand what is inside the funds they own—not just the name of the index or account.

The move could add the Elon Musk-led firm to many retirement portfolios.

07/15/2026

Trump Accounts opened on July 4. A few questions are worth considering:

➡️ Our baby is 18 months old. Do we qualify for the $1,000?

Yes. Every U.S. citizen baby born since January 1, 2025, qualifies for a one-time $1,000 federal contribution.

➡️ Is there an income maximum?

No. Eligibility is based on the child's citizenship and birth date, not family income.

➡️ Our child is 7. Did we miss it?

Not entirely. Any U.S. citizen under 18 can have an account opened. The federal $1,000 payment applies only to children born in 2025 through 2028, but everything else still applies.

➡️ Can grandparents contribute?

Yes. Up to $5,000 per year combined across parents, grandparents, family, and the child themselves.

➡️ What is the catch?

State tax conformity varies; California, for example, does not currently conform.

Whether to contribute, how much, and how to coordinate it with what you already have are all worth talking through. Our team is here for that.

07/13/2026

The price of a first-class Forever stamp rose from 78 cents to 82 cents on July 12.

The increase is part of a series of price hikes from the U.S. Postal Service, which has raised the cost of a first-class stamp several times in recent years.

USPS has cited financial losses, rising operating expenses, and declining mail volume as reasons for the latest increase.

Other postage costs also increased. Domestic postcards rose to 65 cents, while international postcards and letters rose to $1.75.

One important reminder: Forever stamps purchased before the increase still work after the price change. They continue to cover the current cost of one ounce of First-Class Mail postage.

For households and small businesses, postage may seem like a small expense — but recurring cost increases can add up over time, especially for anyone who still relies on mailed bills, invoices, cards, or client communications.

The cost of a first-class Forever stamp has climbed 41% since 2021, and postal officials have signaled they want prices to rise even more.

07/13/2026

🗓️ "Let's talk about it in December."

By December, choices can be limited. Mid-year is often the sweet spot for preparation.

✅ The bracket picture is clearer than it was in January.

Roth IRA conversion timing is flexible within the calendar year, but the bracket math can influence the outcome.

Six months of runway means scenarios can be modeled, not rushed.

If the market dips before year-end, the same tax math may change. Those windows rarely give notice. Keep your tax, legal, or accounting professional in the loop if you see an opportunity.

December conversions can be reactive.

Mid-year conversions can be designed.

If you’re wondering about timing, we welcome a discussion.

📋 To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner's death. The original Roth IRA owner is not required to take minimum annual withdrawals.

07/09/2026

🚨 YOUR NEXT PARTY INVITE COULD BE A TRAP

Our team came across this one and wanted to pass it along.

Hackers are hijacking actual friends' accounts to send fake invites via Evite, Paperless Post, or Punchbowl.

THE DOMINO EFFECT:

▪️ You hit RSVP in a friend's email.

▪️ A fake login page steals your password.

▪️ The same invite blasts to your entire contact list from your account.

▪️ Hackers now have access to your banking, brokerage, and password reset services.
Here’s how to spot a fraudulent party invite!!!

🔍 Check the Sender: Real Paperless Post invites come from an official paperlesspost.com address, Evite from evite.com, and Punchbowl from punchbowl.com, not a personal email address.

Protecting your wealth starts with protecting the email tied to it. Hope this helps!

07/08/2026

Online scams are becoming more sophisticated, and new technology is helping criminal networks operate at a larger scale.

An AP investigation found that scam operations have used artificial intelligence, cloud services, internet infrastructure, satellite connections, and social platforms to target people around the world.

Some scams now involve automated messages, real-time translation, fake identities, and carefully scripted conversations designed to build trust quickly.

The financial damage can be devastating. The Federal Trade Commission estimated that scams cost Americans nearly $200 billion in losses in 2024.

The human impact is also serious. Some people working inside scam compounds have been trafficked or forced to participate under threat of violence.

For consumers, the warning signs still matter: pressure to act quickly, requests to keep conversations secret, sudden talk of money or investments, and relationships that move unusually fast.

As scams become more advanced, skepticism can be a form of protection. Slowing down, verifying details, and talking with someone trusted before sending money can make a meaningful difference.

Technology from American companies is being used to power a revolution in the scam industry, playing a key role in the industrialization and globalization of fraud in ways that have not been clear until now, an AP/“FRONTLINE” investigation has found.