Willis Johnson & Associates

If you want unbiased financial expertise and guidance, our financial advisors have you covered. Learn why we may be right for you here: https://hubs.li/Q01gwpcT0

🚨It's promotions time at WJA!🚨 🎉 Andrew Calhoun, CFP®: Associate Wealth Manager Andrew has consistently shown a strong dedication to his clients' well-being and has continually expanded his expertise in financial planning. We’re proud to celebrate his achievements and look forward to his continued success in this new role. Congratulations, Andrew! 🎉 Abigail Carrell, CFP® Candidate: Financial Planning Analyst During her time at WJA, Abigail has excelled in client operations, consistently prioritizing service and efficiency. Her dedication to exceptional client care has set a high standard for our team. Congratulations, Abigail, on this well-deserved promotion! 🎉 Megan Cline: Performance Reporting Analyst/Trader Her ability to challenge the status quo and transform internal processes while maintaining an exceptional attention to detail has contributed to the ongoing success and growth of our team. We look forward to all that lies ahead of you, Megan, and cheers for your well-deserved promotion! 🎉 Elise Bennett: Client Operations Associate Her ongoing commitment to her clients’ needs and deepening financial planning expertise. Her dedication to excellence enables us to help more families confidently move towards their financial goals each day, and we’re excited to see where her new role takes her. Congratulations, Elise! Thank you all for everything you do 🎉

Want to avoid the highest tax brackets in retirement? In our Retirement Withdrawal Strategies webinar, Sarah Sikorski, CFP®, CPA, discusses the levers you can pull in your retirement years to minimize taxes across your various accounts. Register to watch here: https://hubs.li/Q02KzcR50

☀ Anticipating a severance package from bp ? ☀ ⛵ Navigating career transitions can be challenging, but planning ahead can make a world of difference. If you're expecting a re-org or layoff, let's connect and explore how to make the most of this opportunity. ⛵ 👉 Download our BP 4-Step Severance Checklist: https://lnkd.in/gqTR8xWn 👈 #severance #financialplanning #retirement #companybenefits #bp

The key to becoming a better long-term investor is all in the strategy you develop and your discipline to stay the course. Reaching your long-term financial goals starts with a custom investment strategy. Learn how to get started here: https://hubs.li/Q02DW8SC0 #Invest #financialmarket #BP #Shell #Chevron

What happens when you have ongoing inflation, high interest rates, and a resilient workforce? Shake-ups in the markets like what we've seen today. And, with market volatility comes recession predictions. In case you missed it, WJA President, Nick Johnson, CFA®, CFP®, discusses his thoughts on today's stock market pullback and what lies ahead in his recent post.

We are thrilled to welcome our newest Investment Analyst, Xianyuan (Stella) H., to the Willis Johnson & Associates team! With a proven track record in supporting Portfolio Managers and Equity Research teams, Stella focuses on identifying potential investment opportunities to help our clients achieve their financial goals. Her diverse background from Shanghai to Singapore brings a unique global perspective to our firm. Outside of work, Stella enjoys traveling, exploring different cultures and cuisines, and staying active with fitness classes and obstacle races. Please join us in welcoming Stella to our team!

What is the Mega Backdoor Roth strategy? It's your key to maximizing tax advantages and building long-term wealth. Discover the challenges Chevron employees face with implementing the Mega Backdoor Roth. #MegaBackdoorRoth #401k #RothIRA #FinancialFreedom #WealthBuilding

Tax rates are expected to go up in 2026 when the Tax Cuts and Jobs Act expires. The Tax Cuts and Jobs Act (TCJA) was passed in 2017 after a red wave brought the #republicans a slim majority in the House and Senate alongside a #Trump presidency. House speaker, Paul Ryan, had been focused on #taxreform for many years and finally got the opportunity to put his mark on the US tax code. The goal was to simplify the tax code; make it so easy to file taxes that the average American could do them on a postcard, while also reducing tax rates. To get the votes needed to pass in both the House and the Senate the final version didn't quite get everything Paul Ryan wanted, but overall the average American is paying less in taxes today than they would be prior to the TCJA and for the majority the tax code is simpler. According to the Tax Foundation, 46.5 million filers itemized their deduction in 2017 and only 18 million itemized in 2018. (A decrease in itemizing means more are taking the simpler standard deduction.) Additionally, in 2017 over 5 million filers had to calculate and pay the Alternative Minimum Tax, compared to less than 200 thousand in 2018 (Urban-Booking Tax Policy Center). #TCJA is set to expire at the end of 2025 as it was passed under budget reconciliation in the Senate since the republicans didn't have the 60 votes needed to bypass a filibuster. Beginning in 2026 tax rates will go up if the TCJA expires for the majority of Americans. I personally believe the most likely outcome is for TCJA to expire as it would likely take a red wave or a blue wave for tax policy to change--since the #democrats and #republicans can't agree on anything, and if one party doesn't have complete control of the government then it is likely no tax law changes take place and the current law--expiration of the TCJA occurs. As such, we're focused on educating our clients on the impact of the TCJA likely expiration. This includes how they should take advantage of the lower marginal rates in '24 and '25 and what deductible items are worth pushing out to '26. ---------------------------------------------------------- As tax laws become increasingly complex, Willis Johnson & Associates has expanded our tax department to merge seamlessly with our holistic financial planning approach, offering in house CPAs who focus on the needs of corporate executives and professionals--including an expertise in stock based compensation and foreign filling needs AND a proactive approach to upcoming tax law changes.

Planning your financial future at Chevron? Unlike many 401(k)s, the ESIP isn’t as simple as “set it and forget it.” After working with several Chevron professionals, we’ve learned which common (and expensive) mistakes to avoid in the ESIP. Discover essential financial planning strategies from our team like how to get the full Chevron company match, leveraging a mega backdoor Roth for additional savings, and how to avoid savings and tax pitfalls throughout the year. Click here to download it now: https://hubs.li/Q02JwsC20