BML Wealth Marketing, Author at BML Wealth Management

22 07, 2022

Should You Care About Your Digital Life?
Should You Care About Your Digital Life?

Should You Care About Your Digital Life?

BML Wealth Marketing2022-07-22T10:59:16-07:00July 22, 2022|Cyber Security|

You might not rely on the internet or online services the same way a teenager or twenty-year-old might, and you may not identify as a “techy,” but you might be more technologically savvy and active online than you think. Retirees commonly use email and mobile smartphones and can be quite active on social media platforms. Even if that’s not you, have you had to log in to an online bank or investment account to check something or sign up online for a service of some sort? If so, then you have a digital presence that [...]

20 07, 2022

Don’t Succumb to the Fear of Missing Out
Don’t Succumb to the Fear of Missing Out

Don’t Succumb to the Fear of Missing Out

BML Wealth Marketing2022-07-20T11:11:40-07:00July 20, 2022|Financial Planning, Investing|

If you’ve followed markets or financial news, especially in the past few years, you may have come across the term “fear of missing out,” commonly abbreviated to FOMO. When markets keep going up, FOMO can start to creep in. It can start to feel like you’re leaving gains on the table by not rebalancing your portfolio to include the ultra-high growth assets that saw big jumps. The desire to get as much as you can from your assets is normal, but if you let it influence your decisions, you could end up risking more than [...]

15 07, 2022

What NOT to Spend on During Inflation
What NOT to Spend on During Inflation

What NOT to Spend on During Inflation

BML Wealth Marketing2022-07-15T13:40:55-07:00July 15, 2022|Economy, Financial Planning|

Are you feeling shocked at how expensive your regular expenses are? Well, you’re not alone. Many Americans are feeling the burn as the price of daily goods increases due to stimulus checks and supply chain shortages. As the economy gets back on its feet after the COVID-19 lockdowns, inflation will likely stick around. However, inflation isn’t affecting all goods equally, meaning some spending sectors will see greater price increases than others. Let’s dive into what exactly these goods and services are so you can best prepare to avoid their high costs. Travel The cost of [...]

11 07, 2022

Is Your IRA At Risk In This Market?
Is Your IRA At Risk In This Market?

Is Your IRA At Risk In This Market?

BML Wealth Marketing2022-07-12T11:07:48-07:00July 11, 2022|Investing, Stock Market|

During bear markets, we must ask different questions about our money and our assets. It is no longer about which stocks will double over the next twelve months. Instead, it will likely be about how to preserve your portfolio value by investing in potentially stable equities with a consistent yield or profitability to mitigate the risk of steep declines. Regardless, market downturns happen, and if you have an IRA, you might expect to rely on its distributions for income. However, taking distributions means you could risk cutting the lifespan of your portfolio if you withdraw [...]

8 07, 2022

The History of the United States Treasury
The History of the United States Treasury

The History of the United States Treasury

BML Wealth Marketing2022-07-08T15:11:35-07:00July 8, 2022|Government|

Come the 4th of July, we all are reminded of the history and vision of the United States of America as a free, prosperous, and proud nation. Whether thinking about the history of the Revolutionary War or key figures such as Benjamin Franklin, the nations’ roots are appreciated and examined today. You may also be familiar with the hit musical “Hamilton,” created by Lin Manuel Miranda, about the founding father and creator of the US Treasury, Alexander Hamilton. On this particular 4th of July, the Treasury has particular importance given its role in inflationary periods [...]

4 07, 2022

Retirement Requires a New Perspective on Wealth and Income
Retirement Requires a New Perspective on Wealth and Income

Retirement Requires a New Perspective on Wealth and Income

BML Wealth Marketing2022-07-05T08:23:16-07:00July 4, 2022|Financial Planning, Income Planning, Retirement Income, Retirement Planning|

This 4th of July, you may be throwing a party, watching fireworks, barbequing something good, or all the above. But what remains important is that you can do all that with family and loved ones. Last year on the 4th, you may not have worried about market downturns or cost-of-living increases, but with market volatility and inflation threatening retirement plans this year, it’s important to make sure you know your options when it comes to protecting your wealth, earning income, and knowing the difference between both. Keeping Your Income at Pace with Inflation Income is [...]

1 07, 2022

3 Invaluable Things Invented by Baby Boomers
3 Invaluable Things Invented by Baby Boomers

3 Invaluable Things Invented by Baby Boomers

BML Wealth Marketing2022-07-05T12:12:04-07:00July 1, 2022|Lifestyle|

When you think of great inventors, you might think of Thomas Edison or Alexander Graham Bell. Of course, they are two of the most notable inventors, but they’re not the only ones. Some innovators who have had the biggest impact on our lives are of the Baby Boomer generation. Here are three invaluable things invented by Baby Boomers. DNA Fingerprinting DNA fingerprinting revolutionized criminal justice and has even solved some historical mysteries. It was invented by Sir Alec Jeffreys, who was born in 1950 and became a professor of genetics. He discovered sequences within strands [...]

27 06, 2022

You’re Ready to Retire – But Are Your Finances?
You’re Ready to Retire – But Are Your Finances?

You’re Ready to Retire – But Are Your Finances?

BML Wealth Marketing2022-06-29T09:46:37-07:00June 27, 2022|Financial Planning, Retirement Planning|

Many people feel ready to retire, but fewer are financially ready to do so. It’s one thing to feel you’ve accomplished enough in your career or even that you’ve saved enough, but it’s another to have a plan in place that covers everything important. If you’re ready to retire, consider your finances. Have a Plan, Not Just a Portfolio Now that you’ve accumulated wealth, the question becomes how you’ll use it to fund your retirement. As we’ve seen, the market is unpredictable. It’s one thing to have a bunch of investments, but it’s another thing [...]

17 06, 2022

Flat Tires Don’t Have to Derail Your Retirement
Flat Tires Don’t Have to Derail Your Retirement

Flat Tires Don’t Have to Derail Your Retirement

BML Wealth Marketing2022-06-17T08:52:39-07:00June 17, 2022|Retirement Planning|

When you’re cruising down the open road and everything is going smoothly, you’re probably not thinking about getting a flat tire. But, the reality is that it can happen at any time. Do you have a tire jack, lug wrench, and spare tire in the trunk? An under-inflated tire caused by a slow leak can be a dangerous issue if left unattended. Getting stranded without the proper equipment isn’t much fun either. Just as it’s important to take care of these kinds of issues with your car, it’s important to be prepared for adverse financial [...]

15 06, 2022

Inflation Presents Unique Risks – Know How You’ll Respond
Inflation Presents Unique Risks – Know How You’ll Respond

Inflation Presents Unique Risks – Know How You’ll Respond

BML Wealth Marketing2022-06-15T11:05:54-07:00June 15, 2022|Economy, Federal Reserve, Stock Market|

If your weekly grocery bill is noticeably higher or you can’t believe how expensive gas is, you’re not alone. Inflation is at 40-year highs,[1] and a recent poll found that 52% of Americans said the most important issue facing the country is inflation.[2] It’s significant that so many Americans recognized inflation as a major threat considering how unpredictable that market has been. Inflation presents unique risks, so it’s important to know how you’ll respond to them. The Double Threat of Market Volatility and Inflation Let’s not beat around the bush - sometimes, you’re better safe [...]

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