McLemore Financial Group

McLemore Financial Group We strive to serve our clients during the financial planning process through deep and meaningful relationships that last for generations.

At the McLemore Financial Group, we do three things for clients and expect one in return. We help clients seek to:
-Simplify their financial lives and pursue their dreams
-Generate the necessary income to sustain the lifestyle they deserve now and in retirement
-Build a legacy for the ones they love and the things they care about. What we expect in return:
-should our clients have a question on a

nything financial, we expect to be the first phone call. We want to be your primary financial advisor. Our staff consists of experienced professionals with a "hands on" approach to financial guidance. Not only will you find our team members knowledgeable, but you will also discover that our staff truly cares about your dreams. As your Financial Professionals, we will do everything in our power to keep you focused on where you want to go, advise you on how to get there, and continually remind you of the importance of maintaining a disciplined approach to pursuing your dreams. Our company is based on the principle that education and understanding of your current financial situation is vital to successfully make prudent decisions concerning your future financial condition. Third party posts found on this profile do not reflect the views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness. Securities offered through LPL Financial, member FINRA/SIPC. www.finra.org and www.sipc.org

Investment advice offered through McLemore Group, a DBA of Advisor Resource Council, a registered investment advisor. McLemore Financial Group and Advisor Resource Council are separate entities from LPL Financial. For a list of states in which we are registered to do business, please visit McLemoreGroup.com

529 college savings plans hit a record high of $525 billion in assets for almost 17 million accounts last year, and rece...
06/04/2026

529 college savings plans hit a record high of $525 billion in assets for almost 17 million accounts last year, and recent legislative changes have provided families with more flexibility, along with the tax advantages.

Congress significantly broadened the scope for use of 529 funds with the Tax Cuts and Jobs Act of 2017, followed by even more qualified uses with the SECURE 2.0 Act of 2022 (which introduced the 529-to-Roth IRA rollover provision) and the OBBBA of 2025.

Today, 529 plans have more flexibility than ever:

✅Under certain conditions, you may be able to roll up to $35,000 of unused 529 funds into a Roth IRA for the beneficiary.

✅529 funds can now be used for career training, certifications, and trade programs.

✅You may be able to withdraw up to $20,000 per year for private K-12 expenses, and it's not limited to tuition.

✅. How you use the plan may shift without triggering tax consequences in some situations.

This doesn't mean a 529 plan is the right fit for everyone. But because there are no income restrictions and their preferred tax treatment on gains, they continue to be the most popular college savings vehicle.

Sources: https://loom.ly/6WfYGW8, https://loom.ly/0MFYRT4

Conflict shakes markets. It always has. What history also shows is how quickly they can also recover.Since World War II,...
06/02/2026

Conflict shakes markets. It always has. What history also shows is how quickly they can also recover.

Since World War II, markets have navigated at least 20 major geopolitical shocks. The average drawdown from 20 geopolitical events analyzed in a recent LPL Financial report was roughly 5%. The average recovery was about six weeks.

Every conflict is different, but LPL’s report demonstrates that global disruptions themselves rarely cause lasting damage unless there are underlying economic conditions that threaten prolonged bear market conditions.

So a question worth asking is not what is happening this week. It is whether your long-term strategy still fits where you are headed.

Source: LPL Research, March 2026. https://loom.ly/xjri9b8

Here's something worth noticing about how most people handle money.A tax refund can be spent more freely than a paycheck...
05/27/2026

Here's something worth noticing about how most people handle money.

A tax refund can be spent more freely than a paycheck, even though the dollars are exactly the same. Money sitting in a "vacation fund" feels different from money in checking, even when both are at the same bank. An inheritance may feel separate from regular savings, even after it lands in the same account.

Behavioral economist Richard Thaler spent decades studying this and called it mental accounting. We mentally sort money into buckets based on where it came from or what it's "for," and then we treat it differently depending on which bucket it's in.

The interesting thing is that it's not always irrational. Mental buckets may help with budgeting and saving. The problem is when the labels lead to decisions that don't line up with actual goals. Holding a losing investment too long because it's in a separate mental category. Keeping cash in a low-yield account because it's the "emergency fund," while higher-yield options sit unused.

Awareness doesn't make the pattern disappear. But it may help you catch it before it costs you something

Curious whether this shows up anywhere in your financial picture? Let's talk.

Some people have never looked at their Social Security statement. If that's you, it may be worth a few minutes of your t...
05/25/2026

Some people have never looked at their Social Security statement. If that's you, it may be worth a few minutes of your time before you get much closer to retirement.

You can access your statement anytime at ssa.gov by creating a my Social Security account. What you'll find there is a record of your earnings history going back decades, along with projected benefit estimates at different claiming ages.

A few things worth paying attention to when you pull it up.

First, check the earnings history for accuracy. If a year looks wrong, that could affect your projected benefit. Errors can be corrected, but it takes time, so catching them early matters.

Second, look at the projected benefit amounts at 62, your full retirement age, and 70. The difference between claiming early and waiting can be significant, and seeing the actual numbers for your situation puts the conversation in context.

Third, understand that the projections assume you continue working and earning at your current level until you claim. If you plan to retire early or reduce your income before claiming, your actual benefit may be lower than the estimate shown.

It's a straightforward document once you know what you're looking at. If you'd like to walk through yours together, that's a conversation we're happy to have.

Financial fraud targeting people in or near retirement is growing, and it's not happening only to people who aren't payi...
05/21/2026

Financial fraud targeting people in or near retirement is growing, and it's not happening only to people who aren't paying attention.

The Federal Trade Commission reported that adults over 60 lost more than $3.4 billion to fraud in 2025. The tactics have gotten more sophisticated. Scammers now use AI-generated voice and video to impersonate family members or financial institutions. Romance fraud gets built over months of online contact. Fake government calls pressure people into immediate action.

A few things worth considering. The IRS and Social Security Administration don't call demanding immediate payment. Any request that creates urgency around wiring money or buying gift cards is a warning sign, regardless of who it appears to be from. Wire transfers and gift cards are preferred by scammers because they're nearly impossible to reverse.

One thing some families find helpful is establishing a simple code word for urgent financial requests, something that may help you quickly verify a call is actually from who it claims to be.

If something feels off, slowing down is unlikely to ruin anything legitimate.

If you'd like resources on how to spot or report fraud, we can provide them.

Source: https://loom.ly/7pL_oOk

When you leave a job, you'll need to decide what to do with your employer-sponsored retirement plan.The money is yours. ...
05/19/2026

When you leave a job, you'll need to decide what to do with your employer-sponsored retirement plan.

The money is yours. But what you do with it next may have real consequences.

You generally have a few options.

👉You can leave the 401(k) with your former employer's plan, at least temporarily.
👉You can roll it into your new employer's plan if the plan accepts incoming rollovers.
👉You can roll it into an IRA.
👉Or you can cash it out.

That last option is worth pausing on. Cashing out means the distribution gets added to your taxable income for the year, and if you are under 59 and a half, a 10% early withdrawal penalty may also apply. What sounds like quick access to cash can turn into a meaningful reduction in what you actually receive.

Rolling to an IRA gives you more investment flexibility and keeps the money growing on a tax-deferred basis. Rolling to a new employer plan can simplify things if you prefer fewer accounts to track.

The right move depends on the specifics of both plans, your age, and your broader financial picture.

If you have an old 401(k) sitting somewhere you have not thought about in a while, that is worth a conversation. We would be happy to help you think through the options.

If you've inherited an IRA recently, the rules may not be what you remember hearing.The SECURE Act in 2019 eliminated wh...
05/14/2026

If you've inherited an IRA recently, the rules may not be what you remember hearing.

The SECURE Act in 2019 eliminated what used to be called the stretch IRA for most people who aren't a surviving spouse. SECURE 2.0 added more updates on top of that. The result is a set of rules that could catch beneficiaries off guard, especially around timing.

For most non-spouse beneficiaries today, the account generally needs to be fully distributed within 10 years of the original owner's death. What trips people up may not always be as simple as waiting until year 10 and taking everything at once. If the original owner had already started taking required minimum distributions, annual distributions during that 10-year window may also be required.

Getting this wrong could mean penalties. And the income tax timing of those distributions could impact the rest of your financial picture in meaningful ways.

If you've inherited an IRA or expect to, consider talking through the current rules with both your advisor and your tax professional.

*Always consult with your tax professional before implementing any new tax strategy.

The Center for Retirement Research at Boston College recently reported something interesting that is happening with work...
05/11/2026

The Center for Retirement Research at Boston College recently reported something interesting that is happening with workers in their 50s and 60s.

According to the report, older workers are changing jobs at higher rates than in previous decades.

✅Some are chasing better pay.
✅Some are moving toward more flexible arrangements as they approach retirement.
✅Others are making intentional pivots into encore careers.

On the surface, that may sound straightforward. But a late-career job change could affect your retirement picture in ways you may not have considered.

Pension benefits at some employers are tied to years of service, and leaving before a vesting milestone can affect what you receive. A new employer's 401(k) plan may have a waiting period before you can contribute or receive a match.

And if you are 55 or older when you leave a job, the Rule of 55 may allow you to access funds held in that employer's plan before age 59 and a half without the usual 10% early withdrawal penalty.

None of this means a job change is the wrong move, but do you know how it will impact your retirement plan savings plans or what your options are?

If you are considering a career transition in the next few years, we can discuss how the timing could impact your plans.

Source:https://loom.ly/vDs_3B4

A finance professor at Arizona State University spent years studying every U.S. stock traded since 1926. What he found w...
05/07/2026

A finance professor at Arizona State University spent years studying every U.S. stock traded since 1926.

What he found was interesting.

Over long periods of time, most of the market’s gains have come from a relatively small number of companies.

That doesn’t mean the market hasn’t created significant wealth; it absolutely has.

But it does highlight something important about concentration risk.

That's not a reason to avoid the market. The market as a whole has demonstrated tremendous growth.

It's a reason to think carefully about concentration.

A portfolio built heavily around one stock, one sector, or one employer's shares carries a different kind of risk than a diversified one.

Not because any single company is necessarily a bad investment, but because picking the long-term winners consistently is impossible.

If a meaningful portion of your portfolio is tied to one name, that could be worth reviewing.

We would be happy to review this with you.

Source: https://loom.ly/TZ6pcyI

Right now, the S&P 500 is doing something that could catch people off guard if they're not expecting it.The index is cur...
05/05/2026

Right now, the S&P 500 is doing something that could catch people off guard if they're not expecting it.

The index is currently only a few percentage points off its January peak (as of X date), but underneath that, the internal momentum appears to have deteriorated sharply.

According to Sherwood News, one closely watched measure of market breadth recently hit levels that have historically been associated with periods of market stress.

That's the thing about volatile markets. The surface number may not always tell the whole story.

Research on market history generally suggests that the biggest up days and the biggest down days can cluster together.

They happen close to the same events, the same periods of uncertainty. Investors who exit during the rough stretch could miss the recovery that may follow.

That doesn't mean you ignore what's happening. It suggests you may want to have a plan in place for how you’ll respond to volatility based on historic turbulent periods rather than having an in-the-moment reaction.

If you haven't looked at how your current plan handles a stretch like this one, that conversation may be worth having.

Source:https://sherwood.news/markets/the-s-and-p-500s-internals-mcclellan-oscillator-worse-than-april-2025/

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76401

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