Just a friendly reminder our offices will be closed on Friday September 20, 2024 for our Annual Retreat.
Commonwealth Financial Services LLC
Financial Services
Parkersburg, West Virginia 1,124 followers
Our mission is to help give you the flexibility you need to pursue your financial goals
About us
Commonwealth Financial Services (CFS) is an independent wealth management firm which provides financial, investment, and retirement preparation strategies through innovative planning to fit our clients' goals, lifestyles, and budgets. After taking into account your specific goals, we develop a customized financial strategy and plan. This plan is designed with the objective to help advance your investments when opportunities are found and strives to preserve these investments when the environment requires caution. We believe our clients have "confidence because of the plan," and that is exactly what we strive to offer each and every client we serve. Advisory Services offered through Commonwealth Financial Services. Please see our website at www.cfswv.com for additional information and disclosure. The third-party comments displayed are not verified, may not be accurate and are not necessarily representative of our client experience. www.sipc.org Branch Locations: 585 College Parkway Parkersburg, WV 26104 21 Warden Run Road, Suite 201 Wheeling, WV 26003 507 Richland Ave, Suite 203C Athens, OH 45701 166 S Main Street Woodsfield, OH 43793 326 3rd Street, Suite 100 Marietta, OH 45750
- Website
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http://www.cfswv.com
External link for Commonwealth Financial Services LLC
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Parkersburg, West Virginia
- Type
- Privately Held
- Founded
- 2003
Locations
Employees at Commonwealth Financial Services LLC
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B. Vincent McManus
Financial Advisor at Commonwealth Financial Services
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Daniel Spurgeon, CFP®
Financial Advisor at Commonwealth Financial Services LLC
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Shanell Jeffrey, FPQP™, AWMA®
Chief Operating Officer at Commonwealth Financial Services LLC
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Michael C. Seese, CFP®, ChFC, CLU
Financial Advisor at Commonwealth Financial Services LLC
Updates
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7 Keys to A Successful Retirement - Part 2: Planning for Income Taxes Planning for Taxes in Retirement: What You Need to Know Welcome to the second part of our seven-part series on the keys to retirement success! Last time, we discussed the importance of cash flow in retirement. Today, we’re diving into a crucial aspect of planning for retirement: managing income taxes. Taxes are a fact of life, but with the right strategy, you can reduce their impact on your retirement savings. Let’s break down how you can plan effectively to manage taxes and keep more of your hard-earned money. https://lnkd.in/gNHFYD_z
7 Keys to A Successful Retirement - Part 2: Planning for Income Taxes
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The IRS has released final regulations on Required Minimum Distributions (RMDs) for inherited IRAs. Key points: 🔑 10-year RMD Rule clarified 🔑 Annual distributions are required in most cases 🔑 Special rules for "eligible beneficiaries" 🔑 Effective from 2025, with transitional relief through 2024 🔑 Remember: Skipping an RMD can result in a penalty of up to 25% Confused about how this affects your inherited IRA? You're not alone; these rules are complex. If you have any questions about how this may affect your financial strategy, let's talk. #InheritedIRA #TaxPlanning #RetirementPlanning #IRSUpdate Source: https://lnkd.in/e2sxFEJz
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Happy Labor Day! 🛠️ Today, we take a moment to recognize and appreciate the hard work of individuals across the nation. Whether you're relaxing at home or enjoying a well-deserved day off, I hope you're able to recharge and enjoy this special day. To the builders, creators, and doers: Happy Labor Day! #LaborDay #Community #RelaxAndRecharge
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What is your definition of a successful retirement? Is it leaving a legacy to your kids or grandkids? Is it simply not running out of money? No matter what your definition is, the path to crossing the finish line is remarkably similar. Perhaps the most important one is understanding your cash flow. https://lnkd.in/ga_sgU3v
7 Keys to A Successful Retirement - Part 1: How Much Can You Spend in Retirement?
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One of your savings goals might be to help your children, grandchildren, or other students you know pay for a college education. With tuition costs increasing at rates greater than inflation,1 it’s important to think strategically about college planning. Maximize your retirement accounts first, then prioritize and contribute to other savings goals, such as helping relatives pay for college. https://lnkd.in/gPSHNTct
College Planning
schwab.com
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As the calendar turns towards fall, it is natural to think about the young people in our lives heading back to school. With that in mind, we wanted to spend a few minutes talking about the new and improved 529 plans. The SECURE Act made some significant changes that alter how these accounts can be used. https://lnkd.in/g9dmAnS3
The New and Improved 529 Plan
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