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So far BML Wealth Marketing has created 330 blog entries.
12 07, 2020

Tax Day Finally Arrives

2020-07-12T21:08:33-07:00July 12, 2020|Taxes|

The revised tax day date, July 15th, is upon us, and there are several important things to note, whether you’ve filed already or not. While our tax bill might only be at the forefront of our minds during one time of the year, the reality is that financial moves throughout the year can impact your tax bill in the short-term and for years to come. There could be opportunities to take advantage of that would help minimize your tax burden now and in the long-term. Here’s what to know now that tax day is finally [...]

10 07, 2020

Preparing for Retirement Is Like Planning Your Summer

2020-07-10T15:48:45-07:00July 10, 2020|Retirement Planning|

Summer is here, and whether you’re going to relax, visit friends, or take a trip, it’s important to consider how you will spend your time. As a kid, you probably looked forward to summer vacations where you had a break from responsibilities and your time was your own. Retirement is similar, except that it lasts for decades instead of months. Summer is definitely a time to relax, but it’s also the perfect time to start preparing for retirement. What Will You Do? On average, we spend more time every year planning for vacations than planning [...]

6 07, 2020

3 Things to Know About Covering Healthcare Costs In Retirement

2023-03-23T21:35:55-07:00July 6, 2020|Financial Planning, Health and Wellness|

Consider that the average 65-year-old couple retiring today will need an estimated $363,946 to cover their healthcare costs in retirement, and this does not include long-term care costs.[1] Many people assume that Medicare will cover all of their healthcare needs, but Medicare is neither free nor comprehensive healthcare coverage. There can potentially be many out-of-pocket healthcare expenses in retirement, and a comprehensive retirement plan factors them in. No matter what your health is like now, know these 3 things about covering healthcare costs in retirement. The Cost of Medicare Once Americans turn 65, they might [...]

3 07, 2020

Are You Ready for Endless Summer?

2020-07-03T11:41:51-07:00July 3, 2020|Retirement Planning|

It’s time to start planning your summer, and whether you’re going to laze around on the beach, visit friends, or take a trip, it’s important to also start thinking about your retirement plan. On average, we spend more time every year planning for vacations than planning for retirement – and retirement is much longer than any vacation you will take. Summer is definitely a time to relax, but it’s also the perfect time to think about what you want your future retirement, the endless summer, to look like. Start off with the “What” If you [...]

26 06, 2020

What to Know Before Returning to Normal

2020-06-26T19:55:41-07:00June 26, 2020|Economy, Lifestyle|

The good news is that you survived the worst of the coronavirus pandemic, and the bad news is that it’s not quite over yet. For those who are returning to the workplace, restaurants, and socializing again, it’s an exciting time – but also a time that requires caution. Americans age 50 and older are considered to be high-risk and are advised to take extra cautions. While you might not want to put yourself in the same category as a 90-year-old, here’s what to know before returning to normal. The Workplace If you were going into [...]

21 06, 2020

Are We Entering the Roaring 20’s Round 2?

2023-12-19T21:00:40-08:00June 21, 2020|Economy, Financial Planning|

While no one knows what this decade will bring, we might look to history for some insight. One hundred years ago, America was reeling from the Spanish Flu and uncertain economic prospects. At the time, many may have been pessimistic, but then we entered the Roaring 20’s. While there is much uncertainty now, we may emerge from this crisis into a period of new opportunities, much like the 1920s. We could be entering the Roaring 20’s, round 2. From Crisis to Opportunity – Then and Now We think of the Roaring '20s as a carefree, [...]

19 06, 2020

3 Emerging Retirement Trends

2020-06-19T18:45:23-07:00June 19, 2020|Retirement Planning|

The COVID-19 pandemic is likely to have a lasting impact on our lives, from how we fly to how we retire. During times of crisis, priorities often shift, and the need for a plan in the case of emergency becomes apparent. There are many ways our lives might adapt to a different world after the pandemic, especially for retirees. Here are three emerging retirement trends in the post-coronavirus world. More People Will Be “Pulled” into Retirement Than “Pushed” Older workers can sometimes find themselves “pushed” out of the workforce sooner than they anticipated by layoffs [...]

14 06, 2020

Can and Will You Retire in a Crisis?

2020-06-14T22:07:21-07:00June 14, 2020|Retirement Planning|

Life is unpredictable, and there are a number of events that can impact our finances, from global pandemics to personal crises. And while adjustments sometimes may need to be made to get back on track, no one wants to put off an event like retirement because they feel forced to. It's important to take stock of what you have and what you'll need if you're nearing or entering retirement. No rule says you must put off retirement, or that your desires are beholden to the state of the world when you reach retirement age. Here’s [...]

12 06, 2020

3 Things to Know Before Making Summer Travel Plans

2020-06-12T14:46:08-07:00June 12, 2020|Economy, Lifestyle|

The COVID-19 pandemic has resulted in many things, including canceled trips. Americans are now wondering about summer travel plans, and if it's wise to make them before the country fully reopens. Just because everything isn’t completely back to normal yet doesn’t mean you can’t or shouldn’t take a vacation this summer – even if it means staying closer to home than you originally planned. Here are three things to know before making summer travel plans. What’s Open? More hotels will reopen to leisure travelers in the coming months and will likely be instituting stricter safety [...]

7 06, 2020

3 Strategies for Creating a Solid Retirement Plan

2020-06-07T22:46:28-07:00June 7, 2020|Retirement Planning|

The past few months have caused many to worry about their financial future, and some may assume they can recoup their losses by delaying retirement or working in retirement. A recent survey found that 54% of Americans say they’d like to continue working in retirement, while 40% say they worry they won’t be able to retire at all.[1] What they may not realize is that many older workers are forced to retire earlier than expected. A study showed that 26% retired earlier because of job loss, and this number is likely higher after the coronavirus [...]

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