Our office is always looking to provide the most reliable and efficient ways to communicate with you. Here is a brief recap of the various ways we can be reached: 

TELEPHONE // Pontiac: 815-842-4393 // Bloomington: 309-290-3743 If no one is available to answer your call, you can always leave a voice message which we will receive and forward to the appropriate person in order to respond to you in a timely manner. 

E-MAIL // All our staff have an email address that is part of a Transport Layer Security (TLS) platform that allows us to send and receive messages in a secure manner. When we need to communicate non-public information electronically with you, we utilize the TLS system by using the words “secure” in the subject. Remember that if you are sending or returning any non-public information to our office, you must send the information in a secure manner from your own email program. 

TEXT MESSAGES // Both of our advisors can receive and send text messages using HEARSAY RELATE Business text messaging. Please remember that text messages are NOT ENCRYPTED and should therefore not contain confidential information. Please contact Denise or Susan if you would like to access this means of communicating with David or Darrell.

Please continue to reach us via our general office number 815-842-4393 (consider adding Douglass Financial to your phone contacts). From there, we are able to direct you to our Bloomington office and/or directly to the person you would like to reach.

What’s new with RMDs these days?

Below are some of the following pertinent changes to RMDs that were the result of the passing of the SECURE Act 2.0

RMD Age Extension
The age for RMDs was increased to 73 — Your first RMD must be taken by April 1 of the year you turn 73, and by December 31 each following year. Then, starting in 2033, SECURE 2.0 again pushes the age at which RMDs must start to 75.

Reduced Penalty
Under the old rules, if a retiree missed the RMD deadline, they would incur a penalty of 50% of the amount not taken on time. That penalty has been reduced in SECURE 2.0 to 25%, and in some cases, 10% if corrected within two years.

Pre-death Requirement Eliminated
Beginning in 2024, the pre-death requirement to take minimum distributions for Roth 401(k) accounts will be eliminated. This aligns with the treatment of RMDs for Roth IRA accounts, which don’t require distributions during one’s lifetime.

If you have any questions, don’t hesitate to reach out to our office at 815-842-4393.

Thinking of going paperless? We can help!

Visit www.netxinvestor.com and select Register Now to begin the process. Follow the step-by-step instructions below to set up your paperless account.

CLICK HERE

If you have any questions, don’t hesitate to reach out to our office at 815-842-4393.

Happy Thanksgiving!

This Thanksgiving, our Douglass Financial team is feeling extra thankful as we prepare to celebrate our 50th year in business.

Cambridge, our broker/dealer, was founded by Eric Schwartz, who had the vision of creating “something wonderful”, and here at Douglass Financial, you are part of our “something wonderful” as we walk side-by-side through life.

Thank you for being part of something wonderful during this, our 50th year of being in business and for empowering us to be able to embrace change, do what we love, stay true to our core values & treat people well.

Here is a sneak peek at a few events we are planning throughout 2024 to celebrate 50 years with you.

·       Community service events

·       Food Truck Fridays

·       Euchre Tournaments

·       Sweet treats and giveaways

Be on the lookout for more details via email, Douglass Financial Facebook page and our website:  douglassfinancial.com.

We look forward to celebrating you, our clients, who have made the past 50 years possible, and we look forward to many more years together of something wonderful.

Warm Thanksgiving wishes from all of us at             

Douglass Financial Services

The end of the year is approaching and it's a great time to take steps that can help improve your personal finances. Some items to consider:

• If you're not retired, review your contributions to retirement accounts such as IRAs.

• If you or your spouse is 72 or older, Required Minimum Distributions (RMD) must be taken before Dec 31. Otherwise, you could incur an additional 50% penalty tax.

• Make charitable contributions that you want to be able to claim as a deduction on this year’s tax forms.

• Compare this year's spending against your budget and make any necessary adjustments for next year.

• Do you expect to earn more next year? Consider putting all or part of your expected increase into savings.

• Check your asset allocation and make any necessary changes.

• Take some time to define your family's financial goals and concerns for next year:

• Do you want to save more for retirement? Or for children/grandchildren's college?

• Is a particular budget category consistently over-budget?

• Do you expect any unusually large bills next year such as college tuition or a new roof?

Taking the time to address these items now can help make next year a success.