The Heron
Potomac Financial Group’s Newsletter

Social Security increases benefits by 8.7% for 2023
This cost of living adjustment represents the largest increase in 40 years.

IRS suspends missed RMD penalty for certain inherited IRAs
Some beneficiaries who inherited an IRA in 2020 or 2021 will not face withdrawal penalties until 2023.

Give wisely to maximize your charitable impact
Contribute to the causes you care about with strategies that match your intentions.

Make your final tax saving moves before Dec 31
Proactive investors know that the months before year-end can be an ideal time to make strategic adjustments.

Swiss Potato Soup
This recipe was tested by Sara Westrick and it proved to be a delicious and hearty fall soup.

From the Desk of Todd Wike
We’re all familiar with the phrase, “If at first, you don’t succeed, try, try again.”
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