Take a look at our October newsletter!
119 Old State Rd., Ellisville, MO 63021 THE WEALTH ZONE HAVE YOU OUTLINED YOUR PLAN? It’s Financial Planning Month! CapitalAdvisoryGrp.com October 2022
Growing up, I had many teachers who impacted my life and taught me skills that I continue to use today. Recently, I realized that my role in your life is similar to being a teacher. I aim to help you keep more of your wealth by providing resources, strategies, and tips on managing and improving your finances. I help you think of situations differently and assist you in simplifying your financial life. Today, since October is Financial Planning Month, I want to give you some advice that will greatly benefit you: A financial plan will help you establish a timeline for your goals. It will help you focus on managing your money and, most importantly, developing a budget, which is vital because it will show you how and when you want to spend your money. In addition, it makes it easier for you to find new strategies to save money and where you can find extra money. Although your financial plan is the path you follow, your budget is the tool that will assist you in accomplishing your goals. For example, if you want to buy a new home, prepare a college tuition fund for your children, or save for retirement, you must create a financial plan that establishes the steps you need to take and
the overall course of action. A budget will keep you on track and ensure you’re not spending too much on other expenses.
But it can be challenging to create a financial plan if you’re unsure how to begin. So here are three steps to get you started. 1. Set your goals first. You can’t create a plan without knowing what you want to accomplish. Make your goals inspirational so it makes saving money feel intentional. What do you want to do with your life in the next five, 10, or 20 years? If you approach financial planning from the perspective of what your money can do for you, it will be easier and more enjoyable to begin saving. 2. Redirect your money to fit your goals. When you create a budget, you will better understand your monthly cash flow. You will then be able to direct money into your savings or pay off debt. To begin tracking your monthly expenses, identify areas you spend lots of money on and if you can change any of your spending habits. 3. Don’t let an emergency tank your financial plan. We can never predict when an emergency is going to happen. But we can prepare for it! Be sure to incorporate an emergency fund into your budget and financial plan. It will give you an extra cushion, so you don’t have to worry about using the additional money you saved for your goals on emergencies. I understand that implementing a financial plan can be difficult at first — that’s why I’m here to help! If you have questions about financial planning or budgeting, don’t hesitate to contact your friends at Capital Advisory Group. We will be happy to look over your needs and help you establish goals, a plan, and a budget that allows you to keep more of your wealth.
Have You Heard Us on the Radio Yet?
Tune in to KTR 550 AM radio every Saturday from 3–4 p.m. as Jeff Zufall and Josh Gilbert discuss all things taxes and financial planning. From innovative strategies to optimize your benefits to breaking down proposed and current legislative measures, Jeff and Josh guide you through today’s most pressing topics in the financial world.
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Fall is the perfect time to plan a scenic vacation. You can find lower prices and fewer crowds at many popular destinations right now. Best of all, the views are incredible. From the changing colors of leaves to sunsets and mountains — a picture-perfect getaway awaits you! Here are three popular destinations to fall in love with this season. 1. Asheville, North Carolina Everyone can find something to enjoy in the mountains of the Carolinas. You can drive the Blue Ridge Parkway or hike the Appalachian Trail for breathtaking views of mountains and sunsets. For history fans, get lost at the Biltmore Estate and learn more about the Vanderbilts. If you’re a fan of the nightlife, Asheville is known as Beer City USA, with more than 30 breweries and over 100 local brews. 2. Yellowstone National Park, Wyoming The wildlife in Yellowstone is active in the fall, so you’ll get a chance to see bison, elk, and eagles during your stay. You may even observe bears preparing for hibernation. If you love to be outdoors during the cooler months, then you will love biking, fishing, and hiking here during the fall. However, be aware that some roads will close for the winter in mid-October, so review park information ahead of time for accessibility. FALL IN LOVE WITH THE SCENERY! 3 Places to Travel This Season
Why Did Old Movie Actors Talk Like That?
Understanding the Trans-Atlantic Accent
If you’ve ever watched an old movie from the ‘30s or ‘40s, you’ve likely noticed that actors like Cary Grant and Katherine Hepburn speak with an unusual accent. It sounds very deliberate and almost, but not quite, British. You could be forgiven for thinking it’s just how people talked back then. But for the most part, they didn’t, unless they were rich and famous. The alternately described trans-Atlantic or mid-Atlantic accent was mostly a silver screen phenomenon that took off when actors began speaking in movies. Some people think the trans-Atlantic accent originates in early radio. Others argue it became common among upper-class Americans who wanted to sound more refined and differentiate themselves from the common folk. But it did not become a fixture until the first “talkies” hit movie theaters. However, film actors were not used to speaking on camera, and some struggled with it mightily. Realizing they needed help, many turned to elocution lessons to build their confidence and screen presence. Broadway consultant Edith Skinner taught many young actors, and she even published a book titled “Speak with Distinction” that gained currency with movie studios. Hollywood loved the accent because it was neutral and would ensure all of the actors in any film would sound similar. You couldn’t tell who was from Boston or Texas when everyone spoke the same way. Many insiders also believed it was universal and crossed class lines so rich and poor alike could relate better to the characters. The trans-Atlantic accent eventually became a part of film language, but audiences understood it was an act. Few people knew anyone who spoke like the stars. Soon, doors opened for actors who broke the mold, and Humphrey Bogart and Jimmy Stewart broke down barriers with their unselfconscious, natural delivery. Many imitators made jokes at their expense, but the impact was lasting. The trans-Atlantic accent is now mostly dead, though you may occasionally hear it when actors want to convey that a character is particularly snobbish. If you want to experience the speaking style in action, your best bet is to turn to the classic movies that made it famous. Try films like “Bringing Up Baby” and “Holiday” to watch two of the accent’s greatest practitioners, Grant and Hepburn, wittily trade barbs. Once you get past the funny accent, you’ll likely notice the humor in the films themselves.
3. Sedona, Arizona It may be too hot to visit Arizona during the summer, but the fall months are perfect because the temperatures drop somewhat. If you love to see trees bursting with colorful leaves, hike the Baldwin Trail and Cookstove Trail. Sycamore, oak, and maple trees will shade you with their colorful canopies. Also, each year, the city holds a Day of the Dead celebration you can attend at the Tlaquepaque Arts & Crafts Village in late October.
These are only three of the many breathtaking destinations you can visit this season. For more locations, go to TravelAndLeisure.com/trip-ideas/fall-vacations/best-fall-vacations. So, what are you waiting for? Book your trip now, and don’t forget to pack a camera to capture the picture-perfect views!
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CapitalAdvisoryGrp.com
I Was Selected for an IRS Audit 5 STRATEGIES TO PREPARE YOU
3. Know your rights. The audit is like a small trial, so it’s crucial you know your rights as a taxpayer. Look through IRS Publication 1, which explains the Taxpayers’ Bill of Rights before your audit. Consult a tax pro to assist you if you’re still unsure about how the audit works. 4. Don’t host the audit. Keep the IRS from holding the audit at your business or home. They could ask for additional documents because you can say that the extra records are at your home or business. Instead, go to the IRS or have a tax pro handle it. 5. Don’t volunteer information. You may be tempted to give the audit every document you have, but don’t provide anything unless asked. Leave any additional records and items at home if they aren’t requested. In
“You’ve been selected for an IRS audit” is a sentence that will terrify almost anyone. No one looks forward to being audited because the process can be very stressful. Thankfully, you can use these five strategies to survive your IRS audit and get the best possible outcome. 1. Don’t forget your notice deadline. When you open your mailbox and see your audit notice, you have 30 days to respond to it. It’s imperative that you respond before your deadline. The IRS can penalize you if you don’t acknowledge your notice. 2. Ask for additional time if needed. You want to ensure that you aren’t missing any receipts or other important records. Postponing your audit can work to your advantage because it gives you more time to collect the necessary documents. Achieving financial security and success doesn’t always have an easy answer. Our team at Capital Advisory Group is dedicated to helping you protect your wealth, and while doing so, you may have the following questions: • What are the rules when investing in cryptocurrency? • Should I retire during a high inflationary period? • Which form of investing is best for me — active or passive? • What do I need to know if I’m retiring this year? If you are curious about any of the above questions, please call Capital Advisory Group today at (636) 394-5524! Have Questions? We Have Answers!
addition, bring copies of your documents, not the originals. You don’t want to lose these records because the IRS isn’t responsible for lost documents in their possession. Just because you were selected for an IRS audit doesn’t mean you are being accused of a crime. They simply want to ensure your tax returns and documents are accurate. If you have questions about the IRS, tax returns, or audits, allow your friends at Capital Advisory to help. We will be happy to assist you and help you get the best possible outcome from your audit.
Creamy Baked Pumpkin Risotto
Ingredients
• 5 cups of low-sodium chicken or vegetable broth • 2 cups Arborio rice • 2 cups of pumpkin, diced • 1 1/2 cups canned pumpkin purée • 1/2 yellow onion, minced
• Salt, to taste • Pepper, to taste • 1/2 cup fresh basil, chopped • 1/4 cup grated Parmesan cheese • 2 tbsp mascarpone cheese • 2 tbsp olive oil
Directions
1. Heat the oven to 400 F and arrange a rack in the middle. 2. In a 3-quart baking dish, combine broth, rice, diced and puréed pumpkin, and onion. 3. Season with salt and pepper, then stir until evenly combined. 4. Cover tightly with aluminum foil and bake until water has been absorbed and rice granules are puffed. 5. Remove from the oven and stir in basil, grated Parmesan cheese, mascarpone cheese, and olive oil.
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(636) 394-5524
Inspired by FoodNetwork.com
119 Old State Rd. Ellisville, MO 63021 CapitalAdvisoryGrp.com
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ISSUE INSIDE THIS
Financial Planning and Budgeting Go Hand in Hand
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3 Picture-Perfect Fall Destinations
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Why Old Hollywood Actors Talked Funny
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No One Wants to Be Audited
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Creamy Baked Pumpkin Risotto
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Adopt, Don’t Shop This Month
It’s Adopt a Shelter Dog Month! The Benefits of Adopting + 2 Adoption Centers
October is Adopt a Shelter Dog Month! Each year, 6.3 million animals arrive at animal shelters, and around 920,000 shelter animals are euthanized each year. If you adopt a furry friend from a shelter, you are saving a life. Instead of buying pets, consider adopting a pet and welcoming them into your home.
If you want to adopt a four-legged friend today, here are some adoption centers in the area you can go to!
Stray Rescue of St. Louis 2320 Pine St. • StrayRescue.org
Stray Rescue will take in and care for animals that other organizations won’t help. Besides adopting, you can donate and volunteer at Stray Rescue and spend time with the animals that need our help. You can even foster an animal until it gets adopted. For more information on how to donate, volunteer, or foster, go to the website.
By adopting, you’re giving an animal a second chance. People give up their pets for a number of reasons, but you can give these furry friends a loving home and save their lives in the process. In addition, you will make a new best friend. Adopting is cost-effective. Usually, when you adopt pets, the cost of spaying/neutering and first vaccinations are included in the adoption fee — which is less than the cost of buying a pet or paying for these veterinary costs yourself.
Humane Society of Missouri 1201 Macklind Ave. • HSMO.org
Since 1870, the Humane Society of Missouri has been dedicated to giving animals second chances and love and care to all creatures— small or large, abandoned or abused. Its mission is to end the cycle of abuse and pet overpopulation by rescuing pets and offering educational classes. You can adopt a furry friend or volunteer in several different ways. Go to the website for more information on how you can get involved.
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Securities offered through Kestra Investment Services, LLC, (Kestra IS), member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC, (Kestra AS) an affiliate of Kestra IS. Capital Advisory Group, Inc. is not affiliated with Kestra IS or Kestra AS. Neither Kestra IS or Kestra AS provide legal or tax advice and are not certified public accounting firms. KestraFinancial.com/disclosures
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