May 2020

31 05, 2020

How The Coronavirus Shutdown Could Affect You in the Long-Term
How The Coronavirus Shutdown Could Affect You in the Long-Term

How The Coronavirus Shutdown Could Affect You in the Long-Term

BML Wealth Marketing2020-05-31T18:17:39-07:00May 31, 2020|Economy, Financial Planning|

Recent events have everyone wondering when a sense of normalcy will return. But the answer isn’t as simple as hoping for a date when stay-at-home orders will be lifted. No one knows if there is a long recession to come, or if the economy will bounce back in the near future. Although things may seem uncertain today, it’s important to be aware of how the economic shutdown could potentially affect you in the long term. Less Time to Recover from Losses In the event of market loss, you could potentially find yourself waiting longer than [...]

25 05, 2020

3 Tools to Help Survive Hard Times
3 Tools to Help Survive Hard Times

3 Tools to Help Survive Hard Times

BML Wealth Marketing2020-05-25T22:09:53-07:00May 25, 2020|Financial Planning|

Since there is so much uncertainty right now, many are making predictions about where the economy is headed, when the virus will subside, and when we will return to “normal.” While no one can be sure, it’s worth considering the future when planning for it. If you’re nearing or entering retirement, a solid plan is even more important. Here are three tools to help survive hard times. An Emergency Fund First, assess your emergency fund, or create a plan to make one. Ideally, an emergency fund would cover all essential expenses for a few months. [...]

20 05, 2020

The Retirement Fingerprint – May/June 2020
The Retirement Fingerprint – May/June 2020

The Retirement Fingerprint – May/June 2020

BML Wealth Marketing2021-10-04T11:11:40-07:00May 20, 2020|Newsletters|

The SECURE Act Can Help Ensure Survivor Income The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which went into effect at the beginning of 2020, included a provision designed to encourage employers to add an annuity option to their 401(k) plans. An annuity offers an insurer-guaranteed stream of retirement income in exchange for a premium. The employee can gradually pay that premium throughout time via payroll deductions.

17 05, 2020

Retirement Planning in a Volatile Market
Retirement Planning in a Volatile Market

Retirement Planning in a Volatile Market

BML Wealth Marketing2020-05-17T11:55:17-07:00May 17, 2020|Retirement Planning, Stock Market|

The recent market volatility surrounding the coronavirus may have you concerned, especially if you’re approaching or already in retirement. Feelings of uncertainty, anxiety, and uneasiness are all common during any scary and volatile market. These feelings are normal and sometimes it can be beneficial to take a step back and look at the big picture. We can’t predict the markets, so acting with haste and making emotional decisions can potentially negatively impact your retirement outlook. Make sure to remind yourself of the reasons you’re planning and investing in the first place. Focusing on your priorities and unique [...]

10 05, 2020

Low Interest Rates, Market Volatility, and Your Retirement
Low Interest Rates, Market Volatility, and Your Retirement

Low Interest Rates, Market Volatility, and Your Retirement

BML Wealth Marketing2020-05-31T23:26:11-07:00May 10, 2020|Investing, 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, market volatility and the Federal Reserve’s decision to cut interest rates may have you wondering how to respond. Here’s what to consider when it comes to low interest rates, market volatility, and your retirement. What is Your Risk Tolerance? If the recent coronavirus correction caused you to panic, you might want to rethink your asset allocation or investing strategy. We can help you assess your [...]

3 05, 2020

Do’s and Don’ts in a Volatile Market
Do’s and Don’ts in a Volatile Market

Do’s and Don’ts in a Volatile Market

BML Wealth Marketing2020-05-31T23:30:50-07:00May 3, 2020|Stock Market|

If the state of the market has caused you to worry, you’re probably not alone. The coronavirus and falling oil prices have caused many to panic. In times of uncertainty, it can be easy to make knee-jerk decisions and forget about the long-term. However, consider these do’s and don’ts in a volatile market. Don’t withdraw early from your 401(k) or IRA. While this might seem tempting during volatile periods, it’s typically not a good idea to cash out of your 401(k). If you withdraw money before age 59 ½, you could have to pay the early [...]

Monthly Archives: May 2020