BML Wealth Marketing, Author at BML Wealth Management

12 11, 2021

Is Any of Your Stuff Valuable?
Is Any of Your Stuff Valuable?

Is Any of Your Stuff Valuable?

BML Wealth Marketing2021-11-12T13:11:22-08:00November 12, 2021|Lifestyle|

If you’ve lived somewhere for years, you’ve probably accumulated a lot of possessions. Maybe you’re running out of space, or you’re embracing the “spark joy” minimalist movement. Either way, having less clutter in your living space and better organization can help make a world of difference. If you’re looking to declutter, you might look into whether any of your stuff is valuable. Antiques If you’ve seen Antique Roadshow, you know that sometimes objects you didn’t think had much value turn out to be worth a decent amount. Have you ever wondered if any of your [...]

8 11, 2021

What is a Roth Conversion and Should You Do It?
What is a Roth Conversion and Should You Do It?

What is a Roth Conversion and Should You Do It?

BML Wealth Marketing2021-11-08T08:15:45-08:00November 8, 2021|Income Planning, Retirement Income, Tax Planning|

When you think of your major expenses, you might think of housing, healthcare, travel, or something else. But have you considered that taxes could be your biggest expense, even in retirement? There could be ways to reduce your tax burden today and tomorrow, including a Roth IRA conversion. What is Roth IRA vs. a Traditional IRA? Workers can contribute pre-tax dollars to a traditional IRA. When money is distributed, it’s taxed at ordinary income rates. In contrast, a Roth IRA is funded with after-tax dollars. A Roth IRA can be a valuable asset in retirement [...]

5 11, 2021

New Activities to Pick Up in Your Retirement
New Activities to Pick Up in Your Retirement

New Activities to Pick Up in Your Retirement

BML Wealth Marketing2021-11-05T17:24:55-07:00November 5, 2021|Lifestyle|

When you finally leave the workforce, there are so many exciting aspects of your life to look forward to. During the shift from the workforce into retirement, you may find yourself with more time on your hands than you had anticipated. If you do find yourself with some extra time to kill, here are a few activities that you may consider picking up during your golden years. Try Out a New Sport Staying active is one great way to spend your time during retirement. There are plenty of sports that lend themselves to lifelong competition [...]

1 11, 2021

3 Uncertainties You Could Face in Retirement
3 Uncertainties You Could Face in Retirement

3 Uncertainties You Could Face in Retirement

BML Wealth Marketing2021-11-01T07:14:06-07:00November 1, 2021|Retirement Planning|

The only certainty in life is that there will be uncertainties. However, that doesn’t mean you can’t create a plan to address them. Retirement shouldn’t be a time of anxiety or worry; it should be a time when you feel more financially secure and can enjoy the money you’ve worked hard to earn for decades. The first step is to understand the uncertainties you could face in retirement. We Could Continue to See High Inflation Interest rates are at historic lows and could stay low for some time. If you can’t expect to earn much [...]

29 10, 2021

How Will You Want to Receive Long-Term Care?
How Will You Want to Receive Long-Term Care?

How Will You Want to Receive Long-Term Care?

BML Wealth Marketing2021-10-29T08:42:42-07:00October 29, 2021|Healthcare|

There is a shift away from providing long-term care services in hospitals and nursing homes to providing care in individuals’ homes. This was happening before the pandemic, but the trend is now accelerating for several reasons. Many nursing homes did not allow visitors for months during the pandemic, understandably leading to many worried families and lonely older people. There were also concerns about the virus spreading easily among residents. Now is the time to consider how you would want to receive long-term care so that you can live with dignity and comfort down the road. [...]

25 10, 2021

How the Millionaire Next Door Can Approach Retirement Planning
How the Millionaire Next Door Can Approach Retirement Planning

How the Millionaire Next Door Can Approach Retirement Planning

BML Wealth Marketing2021-10-25T12:59:03-07:00October 25, 2021|Retirement Planning|

Many of today's retirees are the wealthiest retirees of all time. Rising home values, strong market returns, and a generation of dedicated workers mean that there are more millionaires than ever. But, even if you have built a substantial nest egg, you may not feel like a millionaire and may be worried about how you'll maintain your lifestyle in retirement and avoid running out of money. Here's what millionaires next door can ask themselves when retirement planning. How Much Money Do You Need to Retire? Don’t know how much you need to save before [...]

22 10, 2021

How Will You Reinvent Yourself in Retirement?
How Will You Reinvent Yourself in Retirement?

How Will You Reinvent Yourself in Retirement?

BML Wealth Marketing2021-10-22T11:07:58-07:00October 22, 2021|Health and Wellness, Lifestyle|

For much of your life, you’ve focused on your career, your family, and the future. Now is the time to shift your focus onto yourself. With more free time to pursue the things you love and perhaps some new activities, you can “reinvent” yourself in this next phase of life after many years of hard work. Here are three ideas for reinventing yourself in retirement. Exercise and Recharge Find a sport that you are passionate about that gets you outside and moving. This can be a way to stay or get in shape in retirement [...]

18 10, 2021

Why We Could See a Market Correction
Why We Could See a Market Correction

Why We Could See a Market Correction

BML Wealth Marketing2021-10-18T06:48:46-07:00October 18, 2021|Stock Market|

We’ve seen the stock market rise to record highs recently, but how long can this last? 54% of American investors see the stock market heading for a crash, according to a recent Allianz survey.[1] There are a few reasons why we could see a market correction soon, including the Delta variant and higher inflation. Are you prepared for a market correction? Reason #1 The Delta Variant There was a return to normalcy as COVID infection numbers fell, but then the spread of the Delta variant began. We could see the economy take a pause on [...]

15 10, 2021

Can You Be Forever Young?
Can You Be Forever Young?

Can You Be Forever Young?

BML Wealth Marketing2021-10-15T22:26:15-07:00October 15, 2021|Psychology|

In a landmark "Counterclockwise" study at Harvard University,[1] a group of men in their 70s went to a retreat locale that was a sort of time machine back to 1959. The participants listened to Perry Como, watched Ed Sullivan, read magazines from the ’50s, and were not allowed to speak about anything that took place after 1959. If you’re a nostalgic person, you may think this seems like a fun way to spend a week, but the study’s point was to measure the physical effects of the surroundings on the older participants. Believe it or [...]

10 10, 2021

Your Health is Priceless – But How Much Will It Cost You?
Your Health is Priceless – But How Much Will It Cost You?

Your Health is Priceless – But How Much Will It Cost You?

BML Wealth Marketing2021-10-10T21:52:31-07:00October 10, 2021|Healthcare, Medicare|

One of your largest retirement expenses could be your healthcare costs. An average 65-year-old couple retiring today will need an estimated $300,000 to cover their healthcare costs, according to a recent study.[1] Although good health is priceless, it could cost you in retirement. First, know what you can do during the Medicare Fall Open Enrollment period. You Can Switch From Original Medicare to Medicare Advantage Original Medicare consists of Part A, which covers hospital stays, skilled nursing facility care, and some nursing home care[2], and Part B, which covers most doctor services, outpatient therapy, and [...]

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