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January 2023 Client Newsletter

Hello Again! 

First Some Announcements: 

  • Your Investment Partners with Paul and Garrett is now up to ten episodes!  If you have a minute come join us for an in-depth conversation about all things financial.  Recent episodes include All About Annuities and End of Year Planning Ideas.  (When you listen, give us a five-star review, and share it with someone who could benefit from the conversation!)  
    1. To Listen Through Apple Podcasts Click Here   
    2. To Listen Online Click Here 
  • Recent Blog Posts include: 5 Ways to Manage Caregiver Stress, 3 Factors to Consider When Planning for the Future of Your Business and more. 
    1. To read visit: Click Here  
  • Cash Management
    1. Rates have continued to rise.  If you have additional cash still not earning much interest but you are not wanting to add it to the stock market, CD rates, money market rates, and bond rates offer a compelling alternative.  Give us a call to discuss your situation! 

Taxes, Taxes, Taxes 

“In this world, nothing is certain except death and taxes.” – Benjamin Franklin

          The IRS has been releasing ideas on how to prepare for your 2023 taxes.  (More information can be found by clicking here.)  We wanted to highlight a few key ideas to make your tax experience go as smooth as possible in 2023.

          The first suggestion is to gather and organize your tax records.  Double checking that you have all your expected tax information is easier said than done.  For example, most income you receive is taxable and records might include:

          Form W-2 – income from employer(s)           Forms 1099 – from banks, investment companies, dividend distributions, pension, annuity, or retirement plan income.           Form 1099-K, 1099-MISC, other income statements for “gig economy” workers           Form 1099-INT for interest income           Other documentation from virtual currency transactions (cryptocurrencies)           Form 1095-A Health Insurance Marketplace Statement

Remember to notify the IRS if your address changes and to give the Social Security Administration a heads up if you have a legal name change.  

A few 2022 specific changes for 2023 is no additional stimulus payments and some tax credits will return to the 2019 levels.   There have been lots of changes thanks to COVID and the related bills passed by congress so be sure to work with your tax professional for all the additional documentation.  

Taking a minute to review which documents you should expect is one way to be ready for the coming year.  This can be as simple as looking at what you received last year which is a good starting point for this year.  One nice addition is the IRS online portal.

The IRS has an online account portal where you may have access to a number of things including:

          Economic Impact Payments           Child Tax Credit Portal           Key data from your most recent tax return           Details around payment plans

More information about your online account can be found here: https://www.irs.gov/payments/your-online-account 

At Ascend Investment Partners we are always happy to work with you tax professional to get your correct tax information.  Documents relating to your accounts here will start being sent to you starting around the end of January.  If you meet with your tax professional, please let them know you are working with us and share our contact information.  With your permission we look forward to making the process as smooth as possible.   

Have a Happy New Year!       



Garrett G. Smith

Financial Advisor

Ascend Investment Partners


Paul M. Norman, CFP®

Senior Financial Advisor

Ascend Investment Partners







214 South Main Street

Logan, UT 84321

Tel: 801-476-1200

Fax: 801-476-1207



175 Historic 25th Street

Ogden, UT 84401

Tel: 801-476-1200

Fax: 801-476-1207


Ascend Investment Partners is not a legal or tax advisor. You should consult with your attorney, accountant and/or estate planner before taking any action.   

Ascend Investment Partners did not assist in the preparation of this report, and its accuracy and completeness are not guaranteed. The opinions expressed in this report are those of the author(s) and are not necessarily those of Ascend Investment Partners or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. 

This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

The commentary on this website reflects the personal opinions, viewpoints and analyses of the Ascend Investment Partners employees providing such comments, and should not be regarded as a description of advisory services provided by Kesler, Norman & Wride, LLC dba Ascend Investment Partners or performance returns of any Ascend Investment Partners Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Ascend Investment Partners manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.