Messett Financial

Messett Financial It’s why clients refer family members and friends to us all the time. Please check FINRA’s BrokerCheck for a list of current registrations.

With 50 years of practice among our skilled team members, & more than 20 years as a financial advisory firm, we offer sound recommendations based on research, knowledge, & experience. Securities and advisory services offered through Commonwealth Financial Network®, Member https://www.FINRA.org/https://www.SIPC.org, a Registered Investment Adviser. Fixed insurance products and services are separate

from and not offered through Commonwealth. The Financial Advisor(s) associated with this profile may only discuss or transact business with residents of states in which they are properly registered. Review our Terms of Use: https://www.commonwealth.com/termsofuse.html.

Every Memorial Day, we commemorate our nation’s greatest heroes. Words cannot fully express the awe and gratitude we fee...
05/25/2026

Every Memorial Day, we commemorate our nation’s greatest heroes.

Words cannot fully express the awe and gratitude we feel for the work and sacrifice of our military personnel.

But there are others we should commemorate too.

The families those heroes leave behind. The mothers and fathers who gave their sons and daughters to the cause of freedom. The wives and husbands who became widows and widowers. The children who lost parents, the brothers and sisters who lost siblings.

We must remember their sacrifice.

Their devotion.

There are no words appropriate enough.

No gestures adequate enough.

But we must do our best to show that at least we remember…and that we will never forget.

From the majestic slopes of the Alps to the sun-kissed beaches of Cape Hope. From the serene beauty of Mount Fuji to the...
05/21/2026

From the majestic slopes of the Alps to the sun-kissed beaches of Cape Hope. From the serene beauty of Mount Fuji to the vibrant streets of Rio de Janeiro. Every one of these destinations has a unique charm. The hardest part of any vacation for me? When it ends.

We have often wondered at the end of a great vacation, “What if we had a home here?”

Have you ever thought that too? Turning your dream destination into a part-time residence?

Of course, as you and us know, having a home overseas comes with its own challenges, especially when it comes to finances. Managing taxation, maintaining your business, and navigating complex legal systems can quickly turn that dream into a source of stress.

If you are ever planning on living abroad, here are five big things to pay attention to:

💸 It’s generally well-known that if you spend 183 days or more in a country, you may be taxed as a resident. But many people don’t know that, depending on what you do in a foreign country (based on a ‘Center of Vital Interests’ rule), you could be subject to full taxation no matter how long you are there. [1]

💻 If you are a business owner or executive, doing business while overseas could inadvertently create a “permanent establishment” for your company in that country. That would make it liable for taxation there. [2]

🏠 If you want to make your overseas dream home your permanent home, the U.S. may treat your global assets as if they were immediately sold at fair market value, and you would be subject to any capital gains on unrealized gains. [3]

💰 You will need to disclose any accounts held overseas that exceed $10,000 (at any point) on your tax filing. [4]

👨‍👩‍👦 Some countries have “forced heirship” laws. They will force specific percentages of your assets to your children or spouse, regardless of what’s stated in your U.S.-based will or trust. [5]

Now, make no mistake: Having a home overseas can be wonderful! You just have to follow the rules.

So, if you ever dream of living abroad, always remember that we are here to answer your questions.

Source:
1. https://www.irs.gov/forms-pubs/about-publication-519
2. https://www.oecd.org/en/topics/oecd-model-tax-convention-on-income-and-on-capital.html
3. https://www.irs.gov/individuals/international-taxpayers/expatriation-tax
4. https://www.irs.gov/businesses/corporations/summary-of-fatca-reporting-for-us-taxpayers
5. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32012R0650

05/19/2026

It’s time for a little Tuesday Trivia!

Approximately 70 million Americans are participants in some sort of 401(k) plan.

But do you know what the number “401” actually means and where it came from?

A) It comes from the now-expired rule that $401,000 was the original limit for how much money each account could contain.

B) It is named for Section 401, Subsection K of the Internal Revenue Code

C) It is named for Section 401, Subsection K of the Setting Every Community Up for Retirement Enhancement (SECURE) Act

D) It comes from page 401, paragraph K of the Social Security Act of 1935, which was designed to help Americans during the Great Depression.

And the answer is…

B) Section 401, Subsection K of the Internal Revenue Code. First enacted in 1978 and signed into law by President Jimmy Carter as part of the Revenue Act, the creation of 401(k) accounts was part of a broader effort by Congress to reduce taxes for both individuals and corporations.

For many people, summer means summer vacation…and vacation means a road trip!Road trips are one of the best ways to trav...
05/14/2026

For many people, summer means summer vacation…and vacation means a road trip!

Road trips are one of the best ways to travel. They enable us to explore corners of our country that we wouldn’t get to see otherwise. They often lead to the greatest memories and most enjoyable adventures.

But road trips can also be expensive. Depending on a number of factors, including time, distance, and the number of people going along, they can sometimes be pricier than flying. And when something unexpected happens, it’s easy to blow your budget before you’re even halfway to your destination.

With that in mind, here are a few simple, common-sense tips on how to save money on your next road trip. None of these are mind-blowing, but most are easy to forget…and when you add them all up, they can really make a difference in the long run.

Spring is in the air, but it’s the perfect time to start planning for your summer escape! If you haven’t thought about y...
05/12/2026

Spring is in the air, but it’s the perfect time to start planning for your summer escape! If you haven’t thought about your trips yet, here are a few things to consider when planning.

- Maximize your travel dollars – Use your points/credit with any credit cards you have on flight and hotel travel expenses. Keep an eye out for online deals to save. Many have offers when combining trips or airfare and hotel together. Start looking for those deals NOW.

- Traveling to multiple locations? It’s a smart option to consider visiting multiple areas during the same period to reduce spending for numerous trips. Use alternatives instead of hotels, map out any vacation properties or family and friends along the way that you can stay with overnight. It can make the trip more memorable by visiting those you haven’t seen in a while.

- Plan for the unexpected – After budgeting for the trip, add in a buffer for those unforeseen expenses like cell phone roaming charges, foreign transaction fees, currency exchange fees, souvenirs, tourist taxes, etc. Suggestions vary, but we’ve seen recommendations to budget for around 10% to 20%. Each spending plan differs, so tailor these guidelines to your financial comfort zone.

- Manage your expectations — it’s rare for families to have unlimited money or time for vacation plans. Be realistic about your travel plans to avoid the assumption that each trip must be bigger and better than the last. Consider doing those bigger or longer vacations every other year, then you can plan the shorter trips in between.

Summer is right around the corner. Where will your wanderlust take you next?

Happy travels!

Some firsts, you never forget. Your first car. Your first love. Your first big job.But nothing quite compares to the fir...
05/08/2026

Some firsts, you never forget. Your first car. Your first love. Your first big job.

But nothing quite compares to the firsts that come with motherhood.

The first time a mother holds her child and realizes life will never be the same.

Hearing a child’s first laugh. Watching their first steps. Celebrating their first birthday.

Watching them walk through the doors on their first day of school.

Gripping the passenger seat grip handle during their first driving lesson.

Coping with the first time their bedroom stands empty because they’ve left the nest for good.

Mothers go through so many firsts. Funny firsts and happy firsts; scary firsts and sad. And by doing so, they ensure that we get to experience all the firsts in our lives.

Every first smile, every first word, every first brave step forward…they all happen because of someone cheering quietly in the background, holding out their hand, and offering unconditional love and encouragement.

Because our mothers make it possible.

To all mothers, thank you for your patience, your sacrifices, and your endless capacity to love and to lift others, one “first” at a time.

Wishing you a joyful, love-filled, and well-deserved Mother’s Day.

Have you ever wondered what the alphabet soup after an advisor’s name means?We all know that a Ph. D is a Doctor of Phil...
05/05/2026

Have you ever wondered what the alphabet soup after an advisor’s name means?

We all know that a Ph. D is a Doctor of Philosophy, an MD is a Medical Doctor, an MBA is a Master of Business Administration, and so forth, it goes on into the more obscure post-nominal letters.

So, what about all those fancy letters after an advisor’s name? What do they mean, exactly?

While not an exhaustive list, here are some of the more common, as well as some of the more prestigious designations an advisor can earn.

Keep in mind, these designations may show an advisor’s commitment to better serving their clients, but a designation alone doesn’t mean they are a great advisor for you.

Conducting your own due diligence cannot be emphasized enough.

As financial advisors, one of the most rewarding aspects of our job has nothing to do with the stock market, taxes, or r...
04/28/2026

As financial advisors, one of the most rewarding aspects of our job has nothing to do with the stock market, taxes, or retirement. It’s helping families achieve “financial harmony in the home” by getting everyone on the same page, setting joint goals, and sharing plans, feelings, and important information with each other.

There are many types of conversations families can have with each other to achieve this. One of the most important centers on family financial preparedness.

Family financial preparedness involves having a family meeting to discuss your plans and intentions for your money should an unexpected death, disability, long-term illness, or financial catastrophe happen to you or someone in the family.

Specifically, it’s important for you and your family to discuss the following:

• What actually constitutes a “financial emergency” that could affect multiple generations and branches of the family.

• Whether any insurance policies, emergency funds, or savings accounts exist to help the family cover the costs of these events, and if so, who has access to them and where they are located.

• Which funds or accounts should NOT be tapped unless there is simply no other choice.

• How each family member can pitch in, whether professionally, financially, or just by helping out with things like housework and meal preparation. By clarifying roles and expectations now, you can reduce the possibility of surprises or uncertainty later on.

• What professionals to turn to or contact in the case of a family emergency, including medical, legal, and financial professionals.

• Where important documents are stored, including deeds, titles, wills, birth and marriage certificates, passports, etc.

• Where and how to access any password manager for your online accounts.

It’s never fun to think about these types of possibilities, much less talk about them — but it’s amazing how much peace of mind you can attain by doing so! It’s like taking a weight off your shoulders you didn’t even realize you were carrying, because it’s been there for so long.

Discussing Family Financial Preparedness ensures that everyone knows exactly what to do should the unexpected happen.

On February 14th, 1990, the Earth was being watched.  The object watching Earth was tiny and distant, being over 3,000,0...
04/23/2026

On February 14th, 1990, the Earth was being watched.

The object watching Earth was tiny and distant, being over 3,000,000,000 miles away. It is even farther away now – in fact, it’s the first man-made object to ever reach interstellar space.
It was the Voyager 1 spacecraft.

On that date in 1990, Voyager 1 embarked on its journey beyond our planets, Carl Sagan, the famous astronomer, asked NASA to turn the probe’s camera around to take one last photograph of the Solar System.

Between February 1 and June 6, Voyager took sixty still images. Each image contained about 640,000 individual pixels, and as the probe was so far away, it took about 5½ hours for each pixel to reach Earth.

The most famous of these photographs was of our home planet – now just a pale blue dot amidst the infinite blackness of space.

As simple as it is, we think this is one of the most thought-provoking pictures ever taken. It serves to illustrate just how small we really are compared to the vastness of the Universe.

But it also serves another, more powerful purpose.

April 22 is Earth Day. Some people will observe the event in their own way, but many more will probably fail to remember Earth Day exists at all.

And yet, we wonder if we wouldn’t attach more importance to Earth Day if we all took a few minutes, once a year, to simply look at that pale blue dot. Because there’s something else the picture illustrates.

Carl Sagan himself said it best:

The Earth is the only world known, so far, to harbor life. There is nowhere else, at least in the near future, to which our species could migrate. Visit, yes. Settle, not yet. Like it or not, for the moment, the Earth is where we make our stand. There is perhaps no better demonstration of the folly of human conceits than this distant image of our tiny world. To me, it underscores our responsibility to deal more kindly with one another and to preserve and cherish the pale blue dot, the only home we've ever known.

This April 22, we invite you to celebrate Earth Day. Even if we do nothing else but feel the warmth of the Sun, smell the flowers in bloom, ponder the depths of the night sky, or just speak a little more kindly to each other, it will be enough.

Happy Earth Day!

With the headache of taxes still fresh in our minds, there is no finer time to suggest better preparation for next year’...
04/20/2026

With the headache of taxes still fresh in our minds, there is no finer time to suggest better preparation for next year’s rodeo.

While we can certainly empathize with the feeling of wanting to push taxes as far out of our minds as possible, it’s best to start planning to make next year not only less painful, but more gainful as well.

Here are 6 things to keep in mind to help ensure the best tax experience possible:

1. Submit a new W-4 whenever there are life changes.
Marriage, new babies, divorce—these are all examples of life-altering moments that affect the amount of taxes we need to pay. Keep your withholding allowances up to date so you don’t owe at the end of the year.

2. Keep records together in a secure location.
Not only will this save time hunting down documents next year, but you never know when you’ll need them throughout the year. Keep mortgage statements, pay stubs, previous tax returns, healthcare statements, and other financial documentation organized together.

3. Consider itemizing.
Check to see if you can lower your taxes by itemizing instead of taking the standard deduction. While this may not be for everyone, it’s worth exploring. Look at things like home ownership, medical expenses, and qualified charitable donations. A tax professional can easily assist with this.

4. Look into bunching expenses.
Did you know you can sometimes get tax deductions for medical expenses, but only if they exceed a certain percentage of your adjusted gross income? Before spreading payments for something like your kid’s braces over three years, see if paying it all at once would be more financially beneficial.

5. Re-evaluate timing for major deductions.
While you can’t always choose when deductible expenditures occur, it helps to be strategic for those you can. Large deductible purchases may have greater benefit in a year when your income is higher. For example, would a large equipment purchase be better made in December or January?

6. Estimate the tax impact BEFORE selling major assets.
Research before making large sales, such as homes, stocks, or other capital assets. Holding off on a home sale to reach a 2-year mark instead of 18 months may allow you to exclude all gains from taxable income. Similarly, holding stocks for over a year could significantly reduce the capital gains tax rate. Taxes shouldn’t drive decisions, but considering them can improve your financial outcomes.

Due to the ongoing war in the Middle East, gas prices have risen sharply over the past month or so.Nobody wants to pay m...
04/15/2026

Due to the ongoing war in the Middle East, gas prices have risen sharply over the past month or so.

Nobody wants to pay more at the pump, and even if the fighting ends quickly, it may take a lot longer for gas prices to return to normal. (Economists often say that gas prices go up like a rocket when the price of oil rises, but come back down like a feather even when the price of oil falls.)

For that reason, it’s never a bad idea to explore ways to save.

To help, we’ve put together a few easy tips on how to increase your car’s fuel economy and pay less (or at least less often) at the pump.

Of course, higher gas prices are a small thing compared to the human cost of war, and we fervently hope this conflict ends soon. But finding ways to save benefits everyone: our families, our environment, and our economy.

So, if you have any of your own tips that we’ve missed, please share them with me so we can share them with others, too.

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