BML Wealth Marketing, Author at BML Wealth Management

7 10, 2022

The Pros and Cons of Owning a Second Home
The Pros and Cons of Owning a Second Home

The Pros and Cons of Owning a Second Home

BML Wealth Marketing2022-10-07T14:54:40-07:00October 7, 2022|Financial Planning, Investing|

Second homes can be places for families to gather, lucrative investments, or a mix. Think about what your long-term goals are and how buying a second home would help you achieve them. Is it a place for your family to gather? A place for you to enjoy a particular natural landscape? Or is it a property you don’t see yourself visiting often and want to rent out? If you’re thinking about buying a second home, there are many pros and cons to consider. The Maintenance Any homeowner knows that your house requires constant maintenance – [...]

3 10, 2022

3 Questions You May Have About Medicare
3 Questions You May Have About Medicare

3 Questions You May Have About Medicare

BML Wealth Marketing2023-02-09T02:56:00-08:00October 3, 2022|Medicare|

With market volatility and inflation affecting people’s finances, talk about investment strategies and portfolio longevity seems to dominate retirement planning conversations. But one of the most important aspects of retirement is often overlooked in these conversations: healthcare costs. There are many unexpected costs in retirement, but healthcare is one of the largest spending categories on average for retirees, so having a cohesive plan to cover these necessities can go a long way, regardless of how your stocks are performing. Why Utilize Medicare? Medicare is a crucial service that can provide the support you need to [...]

30 09, 2022

A Guide to Retirement Planning for Couples
A Guide to Retirement Planning for Couples

A Guide to Retirement Planning for Couples

BML Wealth Marketing2022-09-30T13:49:16-07:00September 30, 2022|Retirement Planning|

If you’re married, retirement planning is a team effort. Or at least, it should be. While discussing finances and estate planning can easily fall by the wayside, it’s important to prioritize with your spouse. Whether you both retire around the same time, at different times, or one spouse hasn’t worked outside the home in many years, you should discuss retirement today. Here’s a guide to retirement planning for couples. A Spousal IRA For your spouse or significant other, you might want to consider an IRA contribution. You won’t be able to directly contribute to their [...]

28 09, 2022

A Financial Advisor Can Prepare You for A Wintery Market
A Financial Advisor Can Prepare You for A Wintery Market

A Financial Advisor Can Prepare You for A Wintery Market

BML Wealth Marketing2022-09-28T10:22:09-07:00September 28, 2022|Financial Planning, Stock Market|

When the winter season comes around, you’ll likely have to adjust your routines and prepare for the cold. If you’re in colder states, you may be looking to purchase a new winter coat or snow boots, or skiing equipment for your winter holidays. Or you may be restocking your snow salt for what are soon-to-be icy sidewalks and driveways. If you live in warmer states, maybe you’ve closed your windows and patios and put your fans and AC units away. The same way you prepare for the winter, you might have to prepare your retirement [...]

23 09, 2022

Staying Social in Retirement
Staying Social in Retirement

Staying Social in Retirement

BML Wealth Marketing2023-02-09T02:15:25-08:00September 23, 2022|Lifestyle|

For many of us, retirement can be scary for many reasons. Retiring can be an acknowledgment of an end to a chapter of your life. Many people love their work, and the idea that they’d stop or could be unable to continue doing what they love is painful. It can also be daunting to think about how you’ll find your regular social activity. You’re probably an empty nester, which means your kids are adults and are out of the house. In this case, your social activity outside of work came from weekend activities or after-hours [...]

21 09, 2022

What Volatility Truly Means
What Volatility Truly Means

What Volatility Truly Means

BML Wealth Marketing2022-09-21T10:41:44-07:00September 21, 2022|Investing, Stock Market|

Nowadays, the word “volatility” seems thrown around more than ever. Usually, when it comes to financial talk, “volatility” is used to describe a downward trend. But that’s not what volatility really means! Volatility is technically referring to large up and down swings in the market over short periods of time. It doesn’t just mean a downward trend. The Ups and the Downs It’s important to make sure your financial plan is strategized against downward trends. When markets are smoothly climbing, it can seem as if there is little danger involved in holding risky assets in [...]

16 09, 2022

The Value of Doing Nothing in Retirement
The Value of Doing Nothing in Retirement

The Value of Doing Nothing in Retirement

BML Wealth Marketing2023-02-09T02:56:50-08:00September 16, 2022|Lifestyle|

For many, retirement can be a struggle to find new ways to stay busy. If you’re approaching retirement, figuring out how to replace the sense of fulfillment you may have had with your work can be difficult. If you’re in retirement, you may already feel restless without your daily occupation. While it’s crucial for your health and happiness to stay active mentally and physically, it can also be equally important to recognize the value of doing nothing with the new time you have. In fact, research shows that there are mental benefits associated with doing [...]

14 09, 2022

Trusts vs. Wills – What’s the Difference?
Trusts vs. Wills – What’s the Difference?

Trusts vs. Wills – What’s the Difference?

BML Wealth Marketing2023-02-09T03:05:24-08:00September 14, 2022|Estate Planning|

Planning for after your passing can be difficult. But creating a plan for what happens to your estate is highly important for your family and your legacy. If left unattended, your estate can potentially be caught up in arduous court processes and cause disputes amongst your loved ones – and you don’t want to be remembered for that. Therefore, it’s important to start with the basics when legacy planning. So, let’s talk about trusts and wills. What is a Trust? Essentially, a trust is a legal vehicle that grants a third-party trustee the ability to [...]

8 09, 2022

The History of Inflation is Older Than you Think
The History of Inflation is Older Than you Think

The History of Inflation is Older Than you Think

BML Wealth Marketing2023-02-09T03:04:49-08:00September 8, 2022|Economy|

Inflation has occurred in many different societies throughout history. We think of inflation as a modern economic concept, but in reality, it predates modern history and has been a prevalent part of societies since the first nations and urban areas emerged. Ancient Rome When silver was used as the currency in Rome, the government would collect silver coins, melt them down, mix them with other metals such as copper or lead and reissue them at the same value, a process known as debasement. When Nero became Roman emperor in A.D. 54, the local coin contained more than 90% silver, but by [...]

5 09, 2022

Going “Back to School” on Your Retirement Plan
Going “Back to School” on Your Retirement Plan

Going “Back to School” on Your Retirement Plan

BML Wealth Marketing2022-09-05T21:54:56-07:00September 5, 2022|Retirement Planning|

When you think about your school years, whether your high school, college, or post-grad days, you’ll revisit memorable moments from when you had your whole life ahead of you. Schooling is all about providing students with the tools they need to achieve their future potential. When it comes to retirement planning, the same is true! Believe it or not, you have your whole life ahead of you in retirement as well, so make sure you’re prepared. Revisit your Risk Tolerance Ask yourself, is your risk tolerance reflected in your retirement portfolio? Striking a balance between [...]

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