BML Wealth Marketing, Author at BML Wealth Management

25 02, 2022

What’s Your Retirement Game Plan?
What’s Your Retirement Game Plan?

What’s Your Retirement Game Plan?

BML Wealth Marketing2022-02-23T10:15:31-08:00February 25, 2022|Retirement Planning|

Football fanatics spend hours learning about their team’s tactics, dynamics, and playing history. Those who pay attention don’t just notice how many wins their team has, but how they got to be so good. There’s a lot we can learn from football when it comes to retirement planning. For instance, you have to know how to adapt to unexpected challenges and recognize the importance of good coaching. Adapt to New Challenges Whether your team won or lost the “Big Game,” we can all agree that it’s no easy feat to make it all the way [...]

21 02, 2022

Don’t Forget About Your Tax Bill
Don’t Forget About Your Tax Bill

Don’t Forget About Your Tax Bill

BML Wealth Marketing2022-02-21T20:04:33-08:00February 21, 2022|Tax Planning, Taxes|

Before you know it, Tax Day will be here, so it’s best to start getting ready now. Beyond your tax bill this year, don’t forget about your tax bill in the future, even in retirement. Taxes don’t stop when you stop receiving a paycheck, and they could be one of your biggest expenses in retirement. You should understand how different types of income are taxed and create a plan that works to lower your taxes throughout retirement. Your Social Security Benefit Can Be Taxed To figure out if your benefit can be taxed, add up [...]

18 02, 2022

Will You Get Happier As You Age?
Will You Get Happier As You Age?

Will You Get Happier As You Age?

BML Wealth Marketing2022-02-18T12:21:50-08:00February 18, 2022|Psychology|

There’s no doubt that our culture often overlooks the benefits of aging. You may not have looked forward to getting older when you were younger, but now that you’re nearing retirement, you may have gained a different perspective. The fact is, many studies have found that happiness does increase with age.[1] There could be many reasons for getting happier as you age, from financial stability to an active social life. Older Americans may be more satisfied with their standard of living and financial stability and experience less stress and worry related to these things. At [...]

14 02, 2022

How Do You Handle a Volatile Market?
How Do You Handle a Volatile Market?

How Do You Handle a Volatile Market?

BML Wealth Marketing2022-02-14T09:00:08-08:00February 14, 2022|Federal Reserve, Financial Planning, Stock Market|

Now that you’re nearing retirement, the term “market volatility” might stir up different feelings than it did 30 years ago. Older workers and retirees understand that they have less time to make up for losses in their investments and to ride out future market crashes than they did when they were younger. Leaving your financial well-being up to the whims of the market seems like less and less of a good idea as you get closer to retirement. So, what could cause market volatility, and how do you handle it? Federal Reserve, Interest Rates, and [...]

11 02, 2022

Wishing You a Happy Valentine’s Day
Wishing You a Happy Valentine’s Day

Wishing You a Happy Valentine’s Day

BML Wealth Marketing2022-02-11T15:27:14-08:00February 11, 2022|Lifestyle|

Happy Valentine’s Day! Whether this is your first with your significant other or your 50th, or you’re spending it with friends and family, there are always new ways to celebrate. Here are some ideas for celebrating Valentine’s Day this year. Talk About the Future Hopefully, not all the good times are in the past – also take the time to talk about exciting things in the future. Maybe you’d like to take a dream vacation together, maybe you’re looking forward to a grandchild, or maybe you’re interested in pursuing a new activity together in retirement. [...]

7 02, 2022

Three Easy Things You Can Do to Plan for Retirement Right Now
Three Easy Things You Can Do to Plan for Retirement Right Now

Three Easy Things You Can Do to Plan for Retirement Right Now

BML Wealth Marketing2022-02-07T08:01:05-08:00February 7, 2022|Retirement Planning|

Retirement planning can seem overwhelming, even if you feel you’ve saved enough to retire. It’s hard to know where to begin because a comprehensive retirement plan involves so many elements, from an investment strategy to tax minimization. When faced with a complex problem, we can often end up procrastinating. But a better approach is to start with a few easy things. #1 Estimate How Much Money You’ll Need Each Year in Retirement A financial plan starts with knowing how much money you’ll need each year in retirement. Consider your expenses now and what will change [...]

31 01, 2022

How Much Are You Left With After Inflation?
How Much Are You Left With After Inflation?

How Much Are You Left With After Inflation?

BML Wealth Marketing2022-01-31T12:58:00-08:00January 31, 2022|Economy, Financial Planning|

In 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. Now that we’re seeing high inflation, the buying power of your money – including your retirement savings – could be seriously impacted. When calculating how much money you need to retire, consider what you’re left with after inflation. The Eroding Effects of Inflation We’ve seen sustained inflation for some time now, and no one knows when it will end. Year-over-year inflation was 7% in December, [...]

28 01, 2022

4 False Predictions About This Decade
4 False Predictions About This Decade

4 False Predictions About This Decade

BML Wealth Marketing2022-01-28T12:56:45-08:00January 28, 2022|Lifestyle|

You might have a lot to look forward to in the coming decade: Maybe your children will graduate from college, maybe you'll become a grandparent, and perhaps you'll retire. The 2020s probably aren't what a lot of us expected they would be so far because of COVID, but there's plenty of time for things to improve. Ultimately, no one can predict the future, but let's look at some predictions that have already been proven false about this decade. Life expectancy will rise past 100 Although life expectancies have been steadily increasing, they’re not quite at [...]

24 01, 2022

Three Things to Know About Investing in Retirement
Three Things to Know About Investing in Retirement

Three Things to Know About Investing in Retirement

BML Wealth Marketing2022-01-24T10:02:55-08:00January 24, 2022|Investing|

There’s a lot of investing advice out there, but how do you know what’s right or what’s right for your specific situation? The rules can change a bit when you get closer to and enter retirement, and the world of investing is constantly changing. There’s a lot to know about investing in retirement, and we can help you learn. The World of Investing Has Changed Cryptocurrency? Non-Fungible Tokens (NFTS)? The world of investing has changed quite a bit during your lifetime. During this time of low-interest rates and high inflation, those nearing and in retirement [...]

21 01, 2022

3 Things We Can Learn from the Incredible Betty White
3 Things We Can Learn from the Incredible Betty White

3 Things We Can Learn from the Incredible Betty White

BML Wealth Marketing2022-01-21T16:57:50-08:00January 21, 2022|Lifestyle|

Actress Betty White died just short of her 100th birthday. You’ve probably watched at least one TV show or movie she’s in and might have read about her lifetime of work in a magazine recently. Even if you're not interested in acting, there are some important things you can learn from the incredible Betty White. You Can Adapt with the Times Betty White was 99 years old, making her literally older than sliced bread.[1] Can you even imagine a world without sliced bread? It was also a world without TV. Yet, Betty White became a [...]

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