2020 - Page 2 of 8 - BML Wealth Management

23 11, 2020

Time to Give Thanks: Charitable Giving Before the Year’s End
Time to Give Thanks: Charitable Giving Before the Year’s End

Time to Give Thanks: Charitable Giving Before the Year’s End

BML Wealth Marketing2020-11-23T06:52:54-08:00November 23, 2020|Charitable Giving, Financial Planning|

You're probably looking forward to Thanksgiving, even if it looks a bit different this year or you're not a big fan of turkey. Whatever your Thanksgiving is like this year, it’s a good time to think about how you express gratitude. Some people donate their time or money to a charitable organization, especially around the holidays. In 2019, Americans gave an estimated $450 billion to U.S. charities[1], and this number was expected to rise in 2020 before the pandemic hit. This year, there are some special opportunities for charitable giving before year-end that you can [...]

20 11, 2020

The Retirement Fingerprint – November/December 2020
The Retirement Fingerprint – November/December 2020

The Retirement Fingerprint – November/December 2020

BML Wealth Marketing2021-10-04T11:12:05-07:00November 20, 2020|Newsletters|

Wealth and income inequality were central issues in the U.S. even before the pandemic. Now, the gap is widening even more. For starters, in 2018 the top 20% of households earned more than half of the rest of the nation’s other income combined.

20 11, 2020

Your Retirement Recipe
Your Retirement Recipe

Your Retirement Recipe

BML Wealth Marketing2020-11-20T02:27:17-08:00November 20, 2020|Retirement Planning|

It’s almost Thanksgiving, and if you're hosting this year, you know that preparation and organization are key to a successful feast. First, you need to know how many mouths there will be to feed, then figure out what kind of meal you’re going to serve them and how you'll make it. On top of all that, you need to have everything timed out so the food will hit the table on schedule. As you can see, coordinating a Thanksgiving dinner is challenging and usually requires a recipe, much like retirement planning. Thanksgiving and retirement planning [...]

15 11, 2020

How Much Could Long-Term Care Cost You?
How Much Could Long-Term Care Cost You?

How Much Could Long-Term Care Cost You?

BML Wealth Marketing2020-11-15T17:34:26-08:00November 15, 2020|Financial Planning, Health and Wellness|

If you have elderly parents or know someone who does, you already know that there are many hard decisions to make when it comes to long-term care, especially during the pandemic. And figuring out the finances can be even harder. Trends could change in the coming decades, such as moving long-term care into the home, and it's important to think about how you want to be cared for when creating your retirement plan. Luckily, November is long-term care awareness month, so let’s talk about how much long-term care could cost you and how you can [...]

13 11, 2020

The 1964 World’s Fair: How Does Yesterday Compare to Today?
The 1964 World’s Fair: How Does Yesterday Compare to Today?

The 1964 World’s Fair: How Does Yesterday Compare to Today?

BML Wealth Marketing2020-11-13T19:35:52-08:00November 13, 2020|Lifestyle|

The 1964 World’s Fair opened in New York City, bringing modern marvels to the thousands who visited. Many of the exhibits presented what life could be like in the future, showing new technologies that everyone might have someday. Let’s look back at the 1964 World’s Fair and see how yesterday compares to today. It’s a Small World The It’s a Small World ride debuted at the 1964 World’s Fair and remains a favorite at Disney World today. The talking and moving dolls were probably surprising to many viewers back then. Since 1964, 10s of millions [...]

9 11, 2020

What’s In Store for Retirement Accounts in 2021?
What’s In Store for Retirement Accounts in 2021?

What’s In Store for Retirement Accounts in 2021?

BML Wealth Marketing2020-11-09T05:01:09-08:00November 9, 2020|Retirement Planning|

In 2020, we saw the new SECURE Act legislation come about in response to the changing needs of America’s retirees. In 2021, we will likely see some increased retirement account contribution limits and could possibly see additional retirement legislation. For those who have saved diligently over the years, it’s crucial to know how to make the most of those savings. Do you know what’s in store for retirement accounts in 2021? Here are 3 key areas to look out for as we close out the year. 2021 Contribution Limits In 2021, workers can contribute [...]

6 11, 2020

Warming Up for Retirement
Warming Up for Retirement

Warming Up for Retirement

BML Wealth Marketing2020-11-06T19:51:45-08:00November 6, 2020|Retirement Planning|

Almost everything we do has some type of a preparation process or warm-up routine. From playing golf to driving a car, every activity has certain steps that should be taken before you begin, and retirement is no different. This next period of your life requires some warming up – financially and otherwise. Preparation is everything in life. Think of a pilot performing their pre-flight routine and inspections. They walk around the entire plane looking for any visual problems on the body, wings, landing equipment, tail, and nose to make sure it looks proper. Next, they [...]

1 11, 2020

4 Ways to Prepare No Matter What the Future Brings
4 Ways to Prepare No Matter What the Future Brings

4 Ways to Prepare No Matter What the Future Brings

BML Wealth Marketing2020-11-01T14:00:33-08:00November 1, 2020|Financial Planning|

Nobody has a crystal ball to tell us exactly what the future holds, but don’t let uncertainty be the reason you’re unprepared for retirement. As someone who has worked hard for what they’ve earned and is likely invested in America’s future, you may be concerned about what the future could bring. But, it’s important to remember that no matter what’s happening in Washington, you have the opportunity to be in control of your personal financial wellbeing. Here are 4 ways you can help prepare yourself and your retirement for the unexpected. Decide on a Social [...]

31 10, 2020

Three Things to Scrap In Retirement
Three Things to Scrap In Retirement

Three Things to Scrap In Retirement

BML Wealth Marketing2020-11-03T12:29:53-08:00October 31, 2020|Lifestyle, Retirement|

Successful people are ambitious and disciplined. They set big goals and focus on achieving them over the course of a long career or a lifetime. Many people also have high-flying goals for their personal life– run a marathon, hike Mt. Everest, etc. There are people who assume they’ll cross many of them off their bucket list once they enter retirement and have more free time. But while you're considering adding things you want to do in retirement, you might want to consider what you'd like to let go of. You may be willing to release [...]

26 10, 2020

How Will Social Security Benefits and Taxes Change Next Year?
How Will Social Security Benefits and Taxes Change Next Year?

How Will Social Security Benefits and Taxes Change Next Year?

BML Wealth Marketing2020-10-26T08:25:26-07:00October 26, 2020|Financial Planning, Social Security, Taxes|

The Social Security Administration recently made some important announcements that workers and retirees should note, including a Social Security benefit increase – and a tax increase. While it’s very unlikely that the program will ever disappear, we could see changes in the coming years due to the program's financial state. The Social Security trust fund was projected to run out in 2035, at which point about 79% of benefits would be payable.[1] Here’s how Social Security benefits and taxes will change next year. Benefits Will Increase by 1.3% in 2021 Social Security beneficiaries often get [...]

Yearly Archives: 2020