Putting Market Superstitions to the Test

The Kansas City Chiefs from the American Football Conference (“AFC”) won the Super Bowl. The market is going to have a bad year! There are a few market theories suggesting an investor can know how the market will perform for the year based on early outcomes or planned events. The first is that if the AFC team wins the Super Bowl, we’ll have a bear market. The second is the market is favorable during presidential election years. The third we’ll mention is the adage that “as goes January, so goes…

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Budgeting and Cash Flow: Keys to Long-Term Financial Well-Being

Budgeting and cash flow management are key to the success of a long-term financial plan. A financial plan can be your roadmap for achieving short-term and long-term objectives - whether you are saving for a major purchase, planning for retirement, or funding a child’s education. A well-crafted financial plan empowers you to allocate resources efficiently and assess your future possibilities. A budget offers an anticipated overview of your planned income and expenses for an upcoming period. By categorizing and tracking spending frequently throughout this period, you gain a comprehensive understanding…

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The Evolution of Your Budget

John Maxwell once said, "A budget is telling your money where to go instead of wondering where it went." Today, there are many commercially available software packages to assist consumers with budgeting and cash flow. Notwithstanding, many of our clients have turned to us for assistance in establishing, revising and forward-projecting budgets and cash flow as part of an integrated, comprehensive financial planning analysis. The strategies we employ for budgeting and cash flow analysis take on new dimensions before and after retirement. Before retirement, budgeting centers around managing income and…

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Your Silent Partner

Investing is a great way to grow your wealth over time, but it comes with a silent partner - the United States government. For almost every dollar you earn, you eventually pay taxes. In a traditional IRA, you defer your tax obligation until it’s time to take Required Minimum Distributions. The distributions are then taxed as ordinary income. In a Roth IRA, you pay the taxes upfront, which is a great deal as you can then grow your assets tax free. You can pay off your silent partner right away.…

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