BML Wealth Marketing, Author at BML Wealth Management

8 10, 2021

How Are You Warming-Up for Retirement?
How Are You Warming-Up for Retirement?

How Are You Warming-Up for Retirement?

BML Wealth Marketing2021-10-22T11:04:10-07:00October 8, 2021|Retirement Planning|

Almost everything we do has some type of a process or warm-up routine. From playing golf to driving a car, every activity has certain steps that should be taken before you begin. Take for example 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 do a pre-flight check of all systems inside the cockpit as they enter their route information. For the pilot, this is part of their [...]

4 10, 2021

Major Changes That Could Happen During Your Retirement
Major Changes That Could Happen During Your Retirement

Major Changes That Could Happen During Your Retirement

BML Wealth Marketing2021-10-05T08:23:47-07:00October 4, 2021|Economy, Retirement Planning, Tax Planning|

Do you ever feel like you live in a completely different world than you did 20 years ago? It’s worth thinking about how different it will be in another 20 years. Beyond cultural and personal changes, we could see major economic changes that could affect us in retirement. It’s always worth knowing what’s going on so you can have a plan to prepare. Could You See Higher Taxes in the Near Future? We’ve seen increased government spending due to COVID and plans to spend trillions more. We could pay for it in taxes down the [...]

1 10, 2021

3 Reasons Why Fall Might be the Best Season
3 Reasons Why Fall Might be the Best Season

3 Reasons Why Fall Might be the Best Season

BML Wealth Marketing2021-10-05T08:24:57-07:00October 1, 2021|Lifestyle|

Summer is over, but that's a reason to celebrate. Autumn is arguably the most beautiful season and the best time for gardening, spending time outside, and traveling. Here are some ways to enjoy what just might be the best season of the year. It’s Time to Harvest Fall is harvest time. Pumpkins, squash, and apples fill grocery stores, and if you have a garden, your own produce might be ready to pick. Of course, not everyone has a garden – gardening can be too time-consuming for people who work full-time or travel frequently. But, one [...]

24 09, 2021

Tips On How to Be a Lifelong Athlete
Tips On How to Be a Lifelong Athlete

Tips On How to Be a Lifelong Athlete

BML Wealth Marketing2021-10-05T08:25:58-07:00September 24, 2021|Health and Wellness, Lifestyle|

If you’ve been watching tennis, you may be interested to know that about 12% of U.S. tennis players are between 45 and 55, and 11% are 55 and older.[1] There are many sports that you can enjoy and excel at in your 50s and beyond. Plus, regular exercise could help you stay active for longer and combat heart disease, diabetes, and high blood pressure.[2] Here are three tips on how to be a lifelong athlete. Warm-Up and Cool Down Warming up before activity and cooling down afterward can help prevent injury and may improve performance. [...]

20 09, 2021

Examining the Future of Social Security, Medicare, and Your Taxes
Examining the Future of Social Security, Medicare, and Your Taxes

Examining the Future of Social Security, Medicare, and Your Taxes

BML Wealth Marketing2021-10-05T08:25:48-07:00September 20, 2021|Medicare, Social Security, Taxes|

The Social Security trust fund is now expected to be depleted by 2034, according to a recent report from the Social Security and Medicare trustees.[1] That’s one year earlier than they reported last year, and the pandemic is to blame. Less was collected in payroll taxes when unemployment was high, and more people claimed benefits. Although this information may seem like a death sentence for the program, the truth regarding the future of Social Security, Medicare, and your taxes may be more complex. Social Security and Medicare Once the Social Security trust fund runs out, [...]

17 09, 2021

How Prepared Are You for an Emergency?
How Prepared Are You for an Emergency?

How Prepared Are You for an Emergency?

BML Wealth Marketing2021-10-05T08:26:37-07:00September 17, 2021|Lifestyle|

When we consider everything life can throw at us, it seems important to prepare for setbacks. We've seen forest fires in California, Hurricane Ida, flooding in Tennessee, plus a continuation of COVID. There's no getting rid of all the risks in life, but a solid plan goes a long way, whether it's having a first aid kit in your office or a financial plan as you enter retirement. Here are some ways to prepare for an emergency. Have Supplies One easy thing you can do to prepare for any emergency is put together a supply [...]

12 09, 2021

How Would You Handle a Retirement Curveball?
How Would You Handle a Retirement Curveball?

How Would You Handle a Retirement Curveball?

BML Wealth Marketing2021-10-04T11:42:02-07:00September 12, 2021|Retirement Planning|

Sometimes life gives us lemons, as the saying goes. In order to make lemonade, you need a plan. Whether it’s a financial crisis or a personal setback, there are events that can upend your retirement if you’re not prepared. Have a plan for handling retirement curveballs if they come your way. An Earlier-Than-Expected Retirement It can be much harder for someone over 50 to find a new job and particularly hard to find a job that pays the same as a previous job. Although many Americans plan to retire late, they may not end up [...]

10 09, 2021

Spending Your Free Time in Retirement
Spending Your Free Time in Retirement

Spending Your Free Time in Retirement

BML Wealth Marketing2021-10-05T08:26:50-07:00September 10, 2021|Retirement|

If you’re planning on taking a vacation, it’s probably something that you’ve looked forward to for a while now. And, that’s what retirement is about… It’s your 30 or more year vacation. Whether you’re traveling, volunteering, taking up new hobbies, or relaxing with friends and family, retirement is a time to unwind and do something you enjoy. One thing that’s great about life in retirement is the freedom you have to choose how you want to spend your time, and the people you want to surround yourself with. So, here are some potential ideas to [...]

7 09, 2021

Have a Retirement Account? Be Prepared for Your RMDs!
Have a Retirement Account? Be Prepared for Your RMDs!

Have a Retirement Account? Be Prepared for Your RMDs!

BML Wealth Marketing2021-10-04T11:42:13-07:00September 7, 2021|Financial Planning, Retirement Planning|

If you’ve contributed to a 401(k) or IRA, you should prepare a strategy for your RMDs (Required Minimum Distributions). After many years of enjoying tax free growth, your retirement savings from non-Roth (i.e. traditional) accounts will eventually be subject to tax. Rather than be caught off guard, take control and learn the ins and outs of your RMDs so you can avoid penalties, and determine the best strategy for re-distributing your RMDs. Required minimum distributions from your IRA, Simple IRA, SEP IRA, or retirement plan must begin at age 70 ½. You have to take [...]

3 09, 2021

3 Priceless Pieces of Retirement Wisdom
3 Priceless Pieces of Retirement Wisdom

3 Priceless Pieces of Retirement Wisdom

BML Wealth Marketing2021-10-05T08:27:02-07:00September 3, 2021|Retirement|

You've worked the majority of your life and deserve to have many blissful years ahead. With a proper plan and execution strategy in place, you should be on track to accomplish your retirement goals and dreams. But while working on your finances, take time to consider these three priceless pieces of retirement wisdom. The first bit of wisdom is to try not to "check out" of society in retirement. Retirement is a time to relax, but relaxing shouldn't mean that you stop everything. A body in motion stays in motion. Use this time to increase [...]

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