BML Wealth Marketing, Author at BML Wealth Management

7 03, 2021

Are You Planning to Work Longer or in Retirement? Know These Four Rules
Are You Planning to Work Longer or in Retirement? Know These Four Rules

Are You Planning to Work Longer or in Retirement? Know These Four Rules

BML Wealth Marketing2021-03-07T16:08:59-08:00March 7, 2021|Financial Planning, Lifestyle, Retirement|

Retirement isn’t what it used to be. It's typically longer and more active, doesn’t start at the same age for everyone, and could involve paid work. Not everyone's retirement will look the same, and it doesn't have to. Maybe you’ll transition to part-time before fully retiring, or maybe you're looking forward to a second career doing something you love. 86% of Americans in their 50s say they'll work part-time in retirement, and 66% of those in their 60s say they plan to do so.[1] However, working in retirement can have implications for Social Security benefits, [...]

5 03, 2021

Protect Your Retirement Savings From Cyber Threats
Protect Your Retirement Savings From Cyber Threats

Protect Your Retirement Savings From Cyber Threats

BML Wealth Marketing2021-03-05T11:26:55-08:00March 5, 2021|Cyber Security, Fraud Protection|

If there's a fraudulent charge on your credit card, there is recourse – but what about your 401(k)? Cyber fraud is becoming more common, and plan sponsors don't guarantee reimbursements. It's important to take steps to protect your information and account from cybersecurity threats now more than ever. Here are three steps you can take to help protect your retirement savings from cyber threats. Connect to Secure WiFi Office WiFi networks should be secure but watch out if you’re working remotely or on your personal device while out and about. In your home, you can [...]

3 03, 2021

The Retirement Fingerprint – March/April 2021
The Retirement Fingerprint – March/April 2021

The Retirement Fingerprint – March/April 2021

BML Wealth Marketing2021-10-04T11:12:20-07:00March 3, 2021|Newsletters|

For Gen X, Gen Z and millennials, their future may be spent somewhere other than where they currently live. Thanks to the remote work model driven by COVID-19, some employers see the value of a permanent offsite workforce.

1 03, 2021

3 Reasons Your Tax Burden Could Actually Increase In Retirement
3 Reasons Your Tax Burden Could Actually Increase In Retirement

3 Reasons Your Tax Burden Could Actually Increase In Retirement

BML Wealth Marketing2021-03-01T08:13:25-08:00March 1, 2021|Tax Planning, Taxes|

Will your tax burden dramatically decrease in retirement once you stop receiving a paycheck? Maybe not – maybe it will increase. Between retirement account distributions, Social Security benefits, and investments, you may have reasons to review your tax strategy in retirement. We may be experiencing relatively low taxes right now, but the recent change in leadership in Washington and a growing national debt could change that. Let’s look at 3 reasons why your tax burden could actually increase in retirement. Required Minimum Distributions Distributions from traditional retirement accounts such as IRAs, 401(k)s, 403(b), 457, and [...]

26 02, 2021

When Retirement Is Like Football
When Retirement Is Like Football

When Retirement Is Like Football

BML Wealth Marketing2021-02-26T20:22:45-08:00February 26, 2021|Retirement Planning|

Whether your team won or lost a few weeks ago, we can all agree that it’s no easy feat to make it to the big game at the end of the season. This game is the culmination of both teams practicing and strategizing all season long. Creating a game plan for football is a lot like creating a retirement plan. You have to know how to adapt to unexpected challenges and recognize the importance of good coaching. There’s no Strict Script If you watched Tom Brady beat the Chiefs and win his 7th ring, you [...]

21 02, 2021

3 Ways Your Advisor Can Help You This Tax Season
3 Ways Your Advisor Can Help You This Tax Season

3 Ways Your Advisor Can Help You This Tax Season

BML Wealth Marketing2021-02-21T20:16:52-08:00February 21, 2021|Financial Planning, Tax Planning, Taxes|

As we enter this tax season, you may realize that your situation has changed. Maybe you were affected by the CARES Act, COVID, or went through a life change such as retirement, or became empty nesters. All of these things can affect how you file our taxes and now is the time to consider them. It’s also a good time to review your overall finances and make sure you’re sticking to your plan – or resolve to update the plan with the help of a financial advisor. There are many ways your advisor can help [...]

19 02, 2021

3 Way to Improve Aging At Home
3 Way to Improve Aging At Home

3 Way to Improve Aging At Home

BML Wealth Marketing2021-02-19T13:56:14-08:00February 19, 2021|Lifestyle|

It’s easy to fall into the trap of following a script when it comes to retirement, especially if you're unsure of how to create your own plan. This "script" can dictate a retirement age, lifestyle, and even important financial decisions. For example, many people assume that they should downsize in retirement or move to a less expensive area of the country. But what about those who want to stay put? Homes hold many memories and can act as a home base for spread-out families. And the social connections you’ve built in your area over the [...]

15 02, 2021

3 Recent Events That Could Show the Future of Your Finances
3 Recent Events That Could Show the Future of Your Finances

3 Recent Events That Could Show the Future of Your Finances

BML Wealth Marketing2021-02-16T13:53:14-08:00February 15, 2021|Economy, Retirement Planning, Stock Market|

Planning for retirement is never a “set it and forget it” activity. There are unexpected disasters, market drops, and changing laws that invariably cause retirees to reevaluate their plans of action. Recently, the Federal Reserve’s statements regarding interest rates and inflation, as well as the GameStop stock frenzy, may have you wondering how to respond. Let’s look at three events that could show the future of your finances. The Federal Reserve’s Latest Meeting The Federal Reserve met at the end of January and issued several important statements. They said they would keep interest rates at [...]

12 02, 2021

3 Reasons to Love Aging This Valentine’s Day
3 Reasons to Love Aging This Valentine’s Day

3 Reasons to Love Aging This Valentine’s Day

BML Wealth Marketing2021-02-12T21:33:03-08:00February 12, 2021|Lifestyle|

This Valentine's Day, you may see many commercials for jewelry, flowers, and nice dinners geared towards a younger crowd. Older Americans are underrepresented in media, despite holding a significant amount of wealth and buying power. And although you might not see yourself represented in traditional Valentine's Day advertising, you probably celebrate in some way. Whether that’s by spending time with your spouse or loved ones, sending cards to friends and family, or just indulging in chocolates, there’s a lot to love about Valentine’s Day at any age. To put a new spin on the holiday, [...]

7 02, 2021

3 Ways the SECURE Act Could Affect Your Retirement
3 Ways the SECURE Act Could Affect Your Retirement

3 Ways the SECURE Act Could Affect Your Retirement

BML Wealth Marketing2021-02-07T23:16:12-08:00February 7, 2021|Retirement Income, Retirement Planning|

The SECURE Act (Setting Every Community Up for Retirement Enhancement Act) recently had its one-year anniversary. It was the biggest piece of retirement legislation to be passed in many years, and it will undoubtedly have a major effect on how many Americans approach retirement and estate planning. It had several aims, from making it easier for workers to save for retirement to potentially increasing the amount the IRS could collect in taxes on inherited IRAs. What it means for you now and in the future depends on your unique situation – here are 3 ways [...]

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