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<strong>Your goals are our goals.</strong>

Your goals are our goals.

At SEP Financial Services, we work together, hand in hand, with all your goals and dreams firmly in mind. We get to know you, your spouse, and your family. We like to put faces with the names. So many of our clients are with us for many years, over generations. It is a pleasure to see them through the important milestones of life, education planning, home ownership, wealth management, weddings, grandchildren, travel and retirement...

"We love seeing our clients and friends reach their financial goals, whether it's living comfortably in retirement or buying their dream home! Nothing is more satisfying than to know, we assisted them in laying the ground work for achieving their personal financial success!" - Steve Plain, CPA/PFS

Trust. The first step on your path to financial wellness.

You and your partner have worked really-hard and made many sacrifices along the way.

Finally, you have a little nest egg and you want to see it grow...

Problem is, there are a million options out there and you have no idea where to start or most importantly, who to trust?

Choosing a Financial Advisor you not only trust, but who really listens to your ideas and believes in your goals is key in laying the foundation for a long-lasting relationship.

At SEP Financial Services, you will find that we listen to you (and your partner). We care about your relationship with one another…and with your money.

We will help you explore your individual and collective financial strengths and weaknesses and learn more about, what is keeping you both up at night?

Understanding the true picture of you will assist us in identifying your goals and creating a plan toward achieving them 

Money, just like marriage is a sensitive topic to navigate. Couples tend to bring their own thoughts and ideas about money into a marriage and often-times, find that they may not be on the same page in terms of spending and saving. 

A solid financial plan can help set you on the path toward finding financial wellness and reducing relationship stress.

Begin your journey toward financial wellness today. Call us 845-618-1700

Monthly Spotlight

Implementing a comprehensive, tax-inclusive approach to an individual’s financial situation will yield healthier financial & investment decisions. We’ve mapped out a comprehensive approach for every aspect of a financial Plan.

This month, we will take a deeper look into tax planning for 2024.

The Internal Revenue Service recently released updated income tax brackets, standard deduction, and retirement contribution limits for the 2024 tax year. While these taxes are not due for some time, it may benefit you to start thinking ahead. Overall, more than 60 provisions have changed. Here are a few of the most critical tax bracket and retirement contribution limit changes.

 Tax Bracket Inflation Adjustment

  • Overall, tax brackets have been adjusted upwards by 5.4% for 2024. The primary purpose of this adjustment is to account for inflation, which is based on the Consumer Price Index. The government’s goal is to keep income taxes in sync with consumer buying power.

 Standard Deduction

  • The standard deduction has increased to $29,200 for married couples filing jointly, up $1,500 from the previous year.
  • For single filers, this number increased by $750 to $14,600.

 Individual Retirement Accounts (IRAs)

  • IRA contribution limits are up $500 in 2024 to $7,000.
  • Catch-up contributions for those over age 50 remained at $1,000, bringing the total limit to $8,000.

 Roth IRAs

  • The income phase-out range for Roth IRA contributions increased by $8,000 to $146,000-$161,000 for single filers and heads of household.
  • For married couples filing jointly, phase-out will be $230,000 to $240,000 (a $12,000 increase).
  • Married individuals filing separately see their phase-out range remain at $0-10,000.

 Workplace Retirement Accounts

  • Those with 401(k), 403(b), 457 plans, and similar accounts will see a $500 increase for 2024, bringing the total maximum contribution amounts to $23,000.
  • The catch-up contribution for those aged 50 and older remains at $7,500, bringing their total limit to $30,500.

 Gift Tax

  • The annual gift tax exclusion is now $18,000 for 2024, an increase of $1,000 from the previous year.

Remember that we provide updates for informational purposes only, so consult with your tax professional before making any changes in anticipation of the new 2024 levels. You can also contact our offices, and we can provide information about the pending changes.

 (This is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax professionals).


Contact us today to learn more about how we can help! 845-618-1700


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