RFG Wealth Advisory Newsletter February '25

RFG Wealth Advisory - Team News Chris Robinson Chris Robinson February 2025 My second son Jacob finished his two years playing football at Tyler Jr. College and is looking for his next school to continue his academic and athletic career. He really did have a wonderful career at Tyler. He made so many good friends, and I am very proud of the young man he has become. We watched so many great games over the last two years and look forward to what’s next for him. Ben is a junior at Argyle High School. I can’t believe he will be a senior next Hello, and welcome to our first newsletter of 2025. year. I love when those memory pics Another year has passed, and it is hard to believe how fast time goes by. My kids are another year pop up on my phone of when he was older and soon I will only have one child still at home. such a cute little boy, and just can’t My oldest son, Henry is a Texas Tech senior majoring in computer science. He is scheduled to believe he is almost 18 years old. Ben graduate this summer; knock on wood! He is concerned about the job market and artificial has a great group of friends and is a intelligence reducing the number of computer jobs. I believe he will get a good job and make all the kind and thoughtful son. He loves cars hard work worth it. and works on the weekends at Denton Country Club. Read More, page 2

My daughter Molly is now 14 Last week I decided to be a and in the 8th grade at Argyle good dad and go watch her Middle School. She did not play. I could not believe play many sports growing up, how much she improved! but she decided she wanted She was actually pretty to try to play tennis last year. good! How this little girl We bought her a racket, and went from so bad to pretty she started playing at school. good actually brought She would close the garage tears to my eyes. All those doors at our house and days banging tennis balls practice hitting the ball. I against the garage paid have to say it was pretty bad off. She is very to watch. Tennis balls flying persevering. It will be a joy My wife Joyce is busy chasing the kids and teaching everywhere! She asked if she to watch this one in life. her exercise classes. We are looking forward to another could take lessons and we We adopted Molly from year together with our special family! agreed, at least it was good China 12 years ago. She I am incredibly fortunate to have a wonderful team exercise, we thought. She turned 2 on the day I here at RFG. I am also incredibly fortunate to have so actually made the tennis team picked her up in many wonderful clients. Thank you for giving us the this year, which I found a little Hangzhou. Everyone says opportunity to serve you! hard to believe. I was a little how lucky she is to have Best regards, scared to go watch after what been adopted by us; I had seen at home. I was maybe we are the ones Chris Robinson afraid she would get who are lucky. She wasn’t embarrassed and get her dealt a great hand at birth, feelings hurt. But I admit she but she is certainly had worked hard, and I had working hard to take not seen her play in a while. advantage of the chance she has been given.

New Rule: All IRA RMDs Must Be RFG University Satisfied Prior to Doing a Roth Arnold’s total aggregated RMD is $42,081. He can split this up any way he chooses Conversion between his three IRAs. He must take the total amount before the end of the year. Monday, November 04, 2024 Prior to taking any distributions, Arnold tells his financial advisor that he would like to do By Andy Ives, CFP®, AIF® a Roth conversion of IRA #1. Arnold must take the entire $42,081 before a Roth IRA Analyst conversion can be processed with IRA #1 or any of his other IRAs. It is not good enough to ONLY take the $4,951 RMD from IRA #1 and then subsequently do a conversion within Yes, you read that title correctly. This rule was confirmed in the that same IRA #1. 2024 final SECURE Act regulations, released this past July. If a person has multiple IRAs, even if they are held at different If Arnold completes a Roth conversion before he satisfies his entire $42,081 RMD for the custodians, the total aggregated IRA required minimum year, whatever remained of his RMD before the conversion is considered an excess distribution (RMD) must be withdrawn before any Roth IRA contribution in the Roth IRA and must be removed. conversion (or 60-day rollover) can be completed. [This does For example, if Arnold took only the $4,951 RMD from IRA #1 and then did a $50,000 Roth NOT include RMDs from work plans like a 401(k).] conversion within that same IRA #1 (or any of the others), he would have an excess contribution in the Roth IRA of $37,130. This represents what Arnold had remaining on his Aggregation rules tell us that RMDs for each IRA must be total aggregated RMD ($42,081 – $4,951 = $37,130). Arnold would then have to follow the calculated separately, but the aggregated total may be taken excess contribution corrective measures. from any one or more of a person’s IRAs. The first dollars distributed from an IRA in a year when RMDs are due are Again, sequencing matters. RMDs have always had to be taken before any Roth IRA considered the RMD. In addition, we know that RMDs cannot be conversion. The difference now is that ALL of a person’s total aggregated IRA RMDs must rolled over or converted. Ergo, the RMD must be taken prior to be withdrawn prior to a conversion – not just the RMD on the account being converted. Be any conversion – sequencing matters. careful here as this new rule flies in the face of how many RMDs and conversions have been processed in the past. Example: Arnold (age 80; Uniform Lifetime Table factor of 20.2) has three IRAs held at three different custodians. The total balances and RMDs (rounded up) for each IRA are as follows: Copyright © 2024, Ed Slott and Company, LLC Reprinted from The Slott Report, November 04,2024, with permission. https://irahelp.com/slottreport/new-rule-all-ira-rmds-must-be-satisfied-prior-to-doing-a-roth- IRA #1: $100,000 year-end balance; RMD: $4,951 conversion/ Ed Slott and Company, LLC takes no responsibility for the current accuracy of this article. IRA #2: $300,000 year-end balance; RMD: $14,852 IRA #3: $450,000 year-end balance; RMD: $22,278

Lindsay Freeman Lindsay Freeman The next month, we ventured to Downtown Grapevine to soak in the Christmas festivities. The streets were lined with twinkling lights, and the scent of hot cocoa and gingerbread wafted through the air. Then Christmas came, and the day was perfect, filled with laughter and warmth, and as you can see in the photo, Bosten’s excitement is palpable. That picture? It’s a snapshot of his heart—a boy full of energy, love, and endless enthusiasm. It has been a quiet season at the Freeman House. We kicked things off with a trip to Six Flags just before the cold really set in. Our oldest, no longer as excited about the rides as his younger brother and sister, still found his own way to enjoy the day—cheering them on from the sidelines, or walking with us through the park, taking in the sights and sounds of the place he once adored. The younger two couldn’t get enough of the roller coasters, their laughter filling the air as they rode again and again.

Later, the boys celebrated 100 days of school by dressing as if they were 100 years old—gray hair, glasses, and all. They shuffled around in their suspenders, each one trying to act as old as possible, much to our amusement. Time feels like it moves faster every day, but in these moments, we find ourselves cherishing the simplicity of it all. No grand vacations or hectic schedules—just us, together, creating memories we’ll hold close for years to come. When the snow finally came, we were ready. The kids, excited beyond belief, rushed outside, leaving tiny footprints in the fresh powder. We spent the afternoon having snowball fights, laughing until our cheeks were rosy. This was Charley’s first snow, so we had to make snow angels and of course, our snowman.

Susan Dawson Why does the holiday season seem to sneak up We did not travel during the holidays this on me and then be over in a flash? This year year, and life is much simpler at home. was no exception. My daughter and I host an We had a wonderful time during annual Favorite Things Party each November Thanksgiving with family and friends. I for a small group of close friends. This annual even attempted a few of my mother’s gift exchange has become more important over candy recipes. Most of them were the years since for some, this is the only time successful; however, the pralines were so they will see one another. What began as a fun soft they needed to be eaten with a get-together has become a cherished annual spoon. I’m happy to report there were time of reconnection and friendship zero left! rejuvenation. This party always lands the Friday before Thanksgiving and kicks off the events of the season. I hope your 2024 ended as lovely as mine and that the time you spent with friends and family was enjoyed to the fullest. I’m very grateful to work with an incredible team of professionals who bring their best to the office Our Christmas festivities involved being with our kids and daily. We look forward to a grandson at their home in Highland Village for an intimate prosperous and fulfilling Christmas Eve and morning. Our brunch was delicious, and 2025! Thank you for trusting we’re so very grateful to live close so we can share in these your RFG Wealth Advisory memory-making times. team to help guide your 2024 was capped with a lovely local get-together with friends financial future. for dinner, games, and a backyard fire.

Emilio Gonzalez After moving into our rebuilt home this fall, it has become the "event center" for our family get- togethers. Our very first event was Mia's first birthday. That was extremely special; she was a very gracious guest of honor (or maybe a guest of Ornery). I highly recommended gifts of 529 contributions…imagine that! Maybe I am the one who is ornery! Next, we hosted Thanksgiving (My favorite holiday of the year). It was so great. We had 27 friends and relatives attend, and a meal fit for kings. Seeing a house full of interactions and conversations warmed my heart. I loved it. Ah, Winter Wonderland. It seems in Almost as heart-warming, Mateo hosted a "Friends- Texas we get all four seasons in the giving" with 16 of his buddies. You are missing out if winter. One of my fruit trees was so you haven't experienced a house full of football confused it had blooms. This fall and players. You are especially missing out on winter have been one of my most leftovers; not one tiny morsel left!!! enjoyable in a long time. Maybe since recent events, family time has been sweeter.

Of course, the winter season would During this commotion of the not be complete without a bit of holiday season, my oldest quail hunting sprinkled in from daughter, Isabella, got married. time to time. When you can have a We traveled to OKC for the quail hunt in West Texas with a ceremony and enjoyed getting to dusting of snow on the ground, know our expanding family. Now I some good dogs, a best friend, and have two sons-in-law to console!!! a whiskey toast at the Combine Then comes Christmas. Cantina, you are living right! Cherish your family and friends. I recently read a book by Nate Ebner We had a simple Christmas called Finish Strong. In that book, he mentioned the best way to spell celebration by the fireplace with LOVE is T.I.M.E. gifts and games. It felt somewhat like a Norman Rockwell painting mixed with a Ernest Hemingway cocktail!. There's nothing like having the entire family together!

Nick Noll On the sports front, Kylie, our senior, had her Senior Night for soccer last month. It was an emotional evening—equal parts joy and nostalgia—as we watched her play one of her last home games. It’s hard to believe how quickly time has flown! Meanwhile, Emily wrapped up her final season of middle school basketball. She played so well, and while it’s sad to see this chapter close, we know she has plenty more exciting moments ahead. The past few months have been a whirlwind of celebrations, milestones, and bittersweet endings for our family! We kicked things off by hosting Thanksgiving with family, filling our home with laughter, good food, and way too many leftovers. The holiday season continued with an amazing Christmas, surrounded by loved ones, making memories we’ll cherish forever.

Mike Lemich The week before Christmas, our family explored Branson, Missouri for the first time and really enjoyed the variety of activities it offered. From hiking to the mountain coaster to the performances & Christmas festivities, we had a great time on the trip and would definitely go back again. They also had some of the best cinnamon rolls we have ever tasted! Calvin and I went on our first “boy’s trip” to Utah to visit my parents and attend a BYU basketball and football game. Calvin was thrilled when it started snowing the day of the football game. We managed to have a good time, despite our team losing the game and our toes getting frozen solid. Our family started playing pickleball in the fall when some new courts opened near our home. We were hoping to make it our new family sport. However, after a few lessons, Anastasia decided it was not for her and wants to try golf instead. On the other hand, it quickly became Calvin’s favorite sport, and he has been playing in kids' clinics and winning tournaments at Chicken n Pickle and Dinkers.

We hope the spring weather returns soon and everyone enjoys spending time outside in the beautiful weather again! Carson is thriving in his preschool. Letters are still a mystery to him, but he loves counting and numbers. His favorite number is “eighteen-ninety”. Why that is, I am not sure I will ever know.

We look forward to an amazing 2025 working with you. Thank you for being part of the experience that is RFG Wealth Advisory. Chris & Team RFG Connect with Us! Financial Success Doesn’t Happen by Chance. It takes careful planning and expert advice. [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] 940-464-4104 RFG Wealth Advisory Blueprint