BML Wealth Marketing, Author at BML Wealth Management

11 11, 2022

3 Ways to Cope with the Retirement Blues
3 Ways to Cope with the Retirement Blues

3 Ways to Cope with the Retirement Blues

BML Wealth Marketing2023-02-09T02:00:40-08:00November 11, 2022|Health and Wellness, Lifestyle, Psychology|

Settling down for retirement after many years of work can feel like a sigh of relief, a moment to catch your breath and slow down. However, this shift in lifestyle can also bring up feelings of sadness, anxiety, and loss of purpose. Studies show that a third of retirees develop symptoms of depression,[1] especially those who have lost a spouse, live alone, retired unexpectedly,[2] or are simply struggling to adjust. Such a drastic change can be challenging, so it's important to acknowledge how you feel. In addition to finding empathy for yourself, the following tips can [...]

9 11, 2022

Can You Turn Investment Losses into Tax Gains?
Can You Turn Investment Losses into Tax Gains?

Can You Turn Investment Losses into Tax Gains?

BML Wealth Marketing2022-12-07T10:14:27-08:00November 9, 2022|Investing, Stock Market, Tax Strategies|

When markets take a spill, especially when it comes to your retirement investments, it’s harder to find ways to meet your financial goals. If you were relying on IRA or 401(k) withdrawals to cover your expenses, doing so when markets are down would decrease the lifespan of your savings. And if you’re nearing retirement, market losses may provide cause to push back the time you enter retirement. While all these concerns are legitimate, there is a hidden benefit to selling your losing investments at a loss. Using a strategy called tax-loss harvesting, you can earn [...]

4 11, 2022

4 Unconventional Vacations and Relocations
4 Unconventional Vacations and Relocations

4 Unconventional Vacations and Relocations

BML Wealth Marketing2023-02-09T02:06:00-08:00November 4, 2022|Lifestyle, Retirement|

As generations leave the workforce, retirement culture resets and reshapes in unique ways. You may have seen your parents choose to retire at home or in their community, but Baby Boomers have taken a different approach to retirement by relocating further from their hometowns or staying on the road for their retirement years. If you’re one for adventure, then consider these unconventional vacation and relocation options! Vacation on a Cruise Ship The concept of spending more time on a cruise ship is certainly gaining popularity as it becomes more accessible. As a water lover, you [...]

31 10, 2022

Does the 4% Rule Really Work?
Does the 4% Rule Really Work?

Does the 4% Rule Really Work?

BML Wealth Marketing2023-02-09T02:04:44-08:00October 31, 2022|Financial Planning, Investing, Retirement Income, Retirement Planning|

During your saving years, your main goal is to accumulate wealth so that you have the resources to achieve a comfortable retirement. But that is just half the battle. How you use your savings to cover your living costs is the real key to living the retirement you dream of. You may have done some research on what strategies you can use to provide yourself with the income and liquid cash you need to cover your expenses in retirement and come across a few general, cookie-cutter strategies, such as the 4% rule. What is the [...]

28 10, 2022

How Baby Boomers Have Redefined Retirement
How Baby Boomers Have Redefined Retirement

How Baby Boomers Have Redefined Retirement

BML Wealth Marketing2023-02-09T02:06:31-08:00October 28, 2022|Lifestyle|

Before your generation, retirement had long been perceived as a time when life took a downward turn. But thanks to baby boomers, this perception has radically changed. Baby Boomers have been cool kids since their inception: introducing rock n roll, pop culture, mainstream technology, and now, reshaping retirement into a time of exploration, passion, and learning. Here’s how your generation has made retirement the fun stage of life! Being Outside Unlike your predecessors, you’ve said “goodbye” to card decks and bingo nights, opting to spend your days on adventures in nature, attending concerts and festivals, [...]

24 10, 2022

Rediscovering the Value of Yields in Recessions
Rediscovering the Value of Yields in Recessions

Rediscovering the Value of Yields in Recessions

BML Wealth Marketing2022-10-23T12:54:10-07:00October 24, 2022|Financial Planning, Investing, Stock Market|

For decades, the name of the personal finances game has been an asset or equity growth. High-growth tech stocks grew to dominate the market, some of which have grown to be among the largest companies in the world. And if you owned stock in those companies while they made their meteoric rise, your overall wealth may have ballooned in the process. But how safe do you feel with your wealth in those stocks during a recession? Would you feel comfortable with a 5% drop right now? A 10% drop? Maybe even more? If such a [...]

21 10, 2022

5 Smart Tips for Long Flights
5 Smart Tips for Long Flights

5 Smart Tips for Long Flights

BML Wealth Marketing2022-10-20T11:28:58-07:00October 21, 2022|Lifestyle|

One of the best ways to spend your retirement years is by traveling. Seeing the world and ticking off destinations from your bucket list can be exciting! But let’s be honest, the flights are miserable. Movement is restricted, and you sit in one position for hours. It’s important to take measures that make getting from point A to B as comfortable as possible. Whether you’ll be traveling to the Great Wall of China, or deep dive into Mexican cenotes, following these best travel practices can ensure a smoother journey for you. Less Coffee, More Water [...]

17 10, 2022

3 Birthdays You Need to Know for Your Retirement Accounts
3 Birthdays You Need to Know for Your Retirement Accounts

3 Birthdays You Need to Know for Your Retirement Accounts

BML Wealth Marketing2023-02-09T02:08:01-08:00October 17, 2022|Retirement Planning|

Optimizing your retirement savings takes more than just making sure your IRA isn’t at risk in this market. There are rules and regulations that can help you avoid higher taxes and penalty fees and help you structure your income to minimize taxes. Know these 3 ages that can help you get the most out of your retirement accounts. Take Catch-up Contributions at 50 At age 50, workers with certain qualified retirement plans can make annual “catch-up” contributions in addition to their normal contributions. In 2022, you can contribute up to $6,000 to an IRA if [...]

14 10, 2022

What Does the Life of a Dollar Bill Look Like?
What Does the Life of a Dollar Bill Look Like?

What Does the Life of a Dollar Bill Look Like?

BML Wealth Marketing2023-02-09T02:10:01-08:00October 14, 2022|Financial Planning|

When was the last time you stopped and thought about how long the dollar bill that’s in your pocket has been circulating through the economy? What has that bill seen? Whose pockets has it been in? What will it see next? Every year, the government prints millions of dollar bills a day. Here’s a quick look at what goes into creating a $20 bill and what determines when a bill’s lifespan ends. The Paper Process The U.S. Bureau of Engraving and Printing makes paper for currency out of a unique blend of 75% cotton and [...]

10 10, 2022

5 Unique Risks for the Affluent Investor
5 Unique Risks for the Affluent Investor

5 Unique Risks for the Affluent Investor

BML Wealth Marketing2023-02-09T02:14:20-08:00October 10, 2022|Investing, Stock Market|

You may think that as a high-net-worth individual, or even a millionaire next door, you may have an easy road ahead in maintaining your wealth. But a greater amount of wealth to protect introduces unique challenges that are specific to the size of what they have to protect. Although many investing and wealth-preservation principles apply to anyone – such as developing a tax plan, assessing a portfolio’s risk exposure, and more – there are key risks to be aware of when you have more money and more valuable assets to protect. Being Too Conservative You [...]

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