BML Wealth Marketing, Author at BML Wealth Management

17 12, 2021

What Gift Do You Give to Someone Who Has It All?
What Gift Do You Give to Someone Who Has It All?

What Gift Do You Give to Someone Who Has It All?

BML Wealth Marketing2021-12-17T01:11:13-08:00December 17, 2021|Lifestyle|

We’ve all found ourselves in this scenario before: You ask someone what they’d like for a gift, and they can’t give you an answer. They simply say that they don’t need anything, despite your desire to give them a token of your appreciation. If you can relate to this scenario in the slightest, here are a few gift ideas for someone who has it all. Flowers One gift sure to brighten anyone's day is a gorgeous bouquet of flowers. Everything from the smell of fresh flowers to the beautiful color arrangement, and perhaps a quality [...]

13 12, 2021

Review Your Investment Strategy and Prepare for 2022
Review Your Investment Strategy and Prepare for 2022

Review Your Investment Strategy and Prepare for 2022

BML Wealth Marketing2023-12-19T20:56:46-08:00December 13, 2021|Financial Planning, Investing, Retirement Planning|

The end of the year is a good time to reflect on 2021, how your financial situation may have changed, and your goals for next year. Maybe 2022 is the year you’ll retire, or maybe not. Either way, you can review your investment strategy and prepare for 2022 and beyond. We Saw Record Highs in 2021 – What Will We See in 2022? The S&P 500 index logged 64 new highs in 2021 as of November.[1] But how long can this last? According to a recent Allianz survey, 54% of American investors see the stock [...]

10 12, 2021

Gifts That Could Keep on Giving
Gifts That Could Keep on Giving

Gifts That Could Keep on Giving

BML Wealth Marketing2021-12-10T18:03:37-08:00December 10, 2021|Lifestyle|

Have you finished your holiday shopping this year? As we age, we have more and more relatives and friends that we exchange gifts with, which means more money and more time spent shopping. So, when your loved ones start handing out their lists, it may be a good time to prepare some gifts that could keep on giving. A Savings Account If one of your grandchildren does not yet have a savings account, now might be a great time to open one and start teaching them the importance of saving. Part of your gift could [...]

6 12, 2021

Don’t Forget These Important End-of-Year Deadlines
Don’t Forget These Important End-of-Year Deadlines

Don’t Forget These Important End-of-Year Deadlines

BML Wealth Marketing2021-12-21T18:45:41-08:00December 6, 2021|Financial Planning|

Do you have a to-do checklist for December? It might include buying gifts, ordering a turkey, and sending out cards. In the midst of the busyness of the holidays, it can be easy to forget about your end-of-year financial checklist. However, December 31st is the deadline to make several important tax moves that could affect you come filing season next year. Don't forget these important end-of-year deadlines! Review Your Retirement Account Contributions It’s not too late to max out your 401(k), IRA, or another retirement account for 2021. At age 50, workers can make annual [...]

3 12, 2021

3 Alternative Gift Ideas for the Holiday Season
3 Alternative Gift Ideas for the Holiday Season

3 Alternative Gift Ideas for the Holiday Season

BML Wealth Marketing2021-12-03T22:52:04-08:00December 3, 2021|Lifestyle|

There are always a few people who are hard to shop for on your list. Sometimes someone just seems to have everything or says they don't want anything for Christmas this year. Consider these alternative gift ideas this year instead of continuing to fill your house or someone else's with new objects. Refurbish Something Old At a certain point in life, we might not need many new things – but we probably have some old things that we love that have been worn down over the years. Rather than replacing these possessions, which might have [...]

29 11, 2021

The Potential Hidden Costs of Inflation
The Potential Hidden Costs of Inflation

The Potential Hidden Costs of Inflation

BML Wealth Marketing2021-12-01T13:46:00-08:00November 29, 2021|Economy, Financial Planning|

You’ve probably heard about or experienced the effects of inflation - everyday items can cost more, and the monthly inflation numbers make the news. While the increased costs we see on a regular basis can have an impact on our finances, there may be some potential hidden costs to inflation we don’t necessarily see right away. Not All Tax Thresholds Are Indexed to Inflation Income tax brackets are indexed for inflation, but what about other tax thresholds? The $3,000 limit on capital loss deductions hasn’t increased since 1978 and isn’t likely to in the near [...]

26 11, 2021

How to Change Your Habits
How to Change Your Habits

How to Change Your Habits

BML Wealth Marketing2021-11-26T12:16:37-08:00November 26, 2021|Lifestyle, Psychology|

We've all heard the saying, "you can’t teach an old dog new tricks,” but is it true? Maybe it is for dogs, but not for people. You can always learn new habits, no matter what age you are. It starts with understanding how the brain works and building on success. You can go from seeing an action as alien to second nature more easily than you think. Here are three easy ways to develop new habits. Repeat Actions There are probably already many habits you have down pat, like brushing your teeth every night and [...]

22 11, 2021

3 Things About Your Taxes That May Have Changed
3 Things About Your Taxes That May Have Changed

3 Things About Your Taxes That May Have Changed

BML Wealth Marketing2021-11-22T09:05:03-08:00November 22, 2021|Tax Planning, Taxes|

Here come the holidays and everything that goes with them – traveling, cooking, buying gifts, and of course, spending time with the people we love. Even though it’s a busy time of year when finances can end up taking a back seat to decorating and wrapping presents, it’s important to take the time to review where 2021 has left you and prepare for 2022. Here are three things about your taxes that may have changed. The Charitable Giving Rules Have Changed ’Tis the season of giving, and you may be making a few charitable donations. [...]

19 11, 2021

Tips to Survive Thanksgiving 2021
Tips to Survive Thanksgiving 2021

Tips to Survive Thanksgiving 2021

BML Wealth Marketing2021-11-19T13:28:50-08:00November 19, 2021|Lifestyle|

Thanksgiving is a day typically filled with gratitude, joy, and - most importantly - eating! Despite so much change since the pandemic, the act of devouring a great meal for Thanksgiving dinner has remained true through it all. While most of us look forward to sitting down for that illustrious meal, Turkey Day includes so much more. From overcooking the turkey to an uncomfortable conversation arising, making it through your Thanksgiving unscathed can be tricky. If you’re more worried than excited about Thanksgiving this year, here are a few tips to make it more manageable. [...]

15 11, 2021

Estate Planning 101
Estate Planning 101

Estate Planning 101

BML Wealth Marketing2021-11-15T09:11:48-08:00November 15, 2021|Estate Planning|

Did you know that Baby Boomers will pass down an estimated $68 trillion in wealth in the coming decades?[1] You’ve worked hard for your money and likely want to see it passed down in the most efficient way possible for your loved one’s benefit. Unfortunately, costly mistakes are all too easy to make. Understand the basics first, and then create an estate plan. A Will vs. a Trust Wills and trusts are both important estate planning tools with important differences. A will ensures property is distributed after your passing, according to your wishes, while a [...]

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