Financial Health Session / Recap
About
Thank you everyone who attended our planning session, designed to support your personal financial well-being and help you build a stronger financial future!
Financial stress can impact both personal well-being and workplace productivity. This training was Samet’s investment in you—providing practical tools and knowledge to help you feel more confident and secure in your financial decisions.
highlights
Financial Planning Presented by Jennifer Whisenant
What is comprehensive financial planning?
— Create a budget by assessing current situation
— Review your benefits. Are you utilizing them to their full potential?
— Assess your tax situation
— Plan for life now and leading into retirement
2025 Tax Presented by Geri Lail
Big Beautiful Bill Goals and Highlights
— Stimulate long-term economic growth
— Elimination of personal exemptions
— Lower limitation on deduction of mortgage interest
— HELOC interest deductions only allowed for home purchase, expansion, or improvement
— Elimination of the miscellaneous itemized deduction
— SALT (State and Local Tax) Deduction – increases limitation on SALT, great benefit to many taxpayers
— Itemized deductions reduced for higher incomes
— Charitable contributions are allowed for non-itemizers in 2026.
— New deductions (2025 – 2028)
——Taxed Tips
——Taxed Overtime Pay
——Car Loan Interest
——Seniors age 65+ by the end of the tax year
——Increase to child and dependent care credits
——529 disbursements can be used for homeschooling
——Child Tax Credit increased
401K and Retirement Presented by Jonathan Schultheiss
Review of plan provisions
— Vesting in plan is based on years of service—not length of participation in plan.
— If you’re not enrolled in the plan, text ENROLL to 78259
Common Misconceptions
— Never too young to start saving
— Don’t just save up to the match %. Save as much as you’re able.
— Don’t stop making contributions during a stock market slump.
Don’t enroll and forget about it. Re-evaluate your plan as your situation changes
“I saved too much money for retirement,” said NO ONE, ever!
Samet Benefits Presented by Jennifer McMaster
— Employee Assistance Program (EAP) includes financial tools
— MutualOfOmaha.com/EAP
— Enrich program – Assist with budgeting and goals
— Short Term and Long-Term Disability & Basic Life paid by Samet
questions?
— Do you have more questions on how financial advising can work for everyone?
Jennifer Whisenant / (336) 207-0423
— Do you have more questions on your 401K and how to reach your retirement goals? Johnathon Schultheiss / (336) 265-7670
— Do you have questions about your Samet benefits?
Jennifer McMaster / (336) 544-2608
Latanya Miller / (336) 544-2693
Candice Kaufman / (336) 544-2565
q+a
Do the capital gains rates mentioned include the capitals gains from the sale of a property that is not your primary home?
Yes, exactly, Sale of personal residence has an exclusion under code sect. 121 of $250K single or $500K MFJ gains from sale of primary residence.
If Standard Deduction is used, can mortgage interest be added on top of that?
Unfortunately, no. It is either or.
If you own more than one home, does the mortgage interest get calculated the same way?
The $750K applies to the combined mortgages.
When is it advantageous to put assets into a trust for your heirs and benefits or pitfalls of doing this?
I would consult an attorney; however, I often see assets in a revocable living trust to avoid probate.
Any benefits to buying whole life insurance and adding to a trust to pay out to beneficiaries?
I would consult an attorney; however, I often see assets in a revocable living trust to avoid probate.
Vesting only applies to Samet’s contribution in the 401k. Is that correct?
Yes, that is correct.
video
View the full video here!