July 2020

31 07, 2020

4 Essential Items to Pack on Your Trip This Summer
4 Essential Items to Pack on Your Trip This Summer

4 Essential Items to Pack on Your Trip This Summer

BML Wealth Marketing2020-07-31T18:39:43-07:00July 31, 2020|Lifestyle|

If you’re traveling this summer, there are certain staples you can bring wherever you go. When packing for a trip, everyone immediately thinks of underwear and a toothbrush, but there are other essentials that don’t come to mind as easily. And even if you forgot those two things, you can buy a new toothbrush or an extra pair of underwear pretty much anywhere in the world. Here are four essential items to pack on your trip this summer. First Aid Kit You don’t have to bring much, but it can be good to have [...]

26 07, 2020

3 Things to Know About Your 401(k)
3 Things to Know About Your 401(k)

3 Things to Know About Your 401(k)

BML Wealth Marketing2020-07-26T15:02:45-07:00July 26, 2020|Financial Planning, Retirement Income, Retirement Planning|

We all know that a 401(k) is one of the most important retirement planning tools we have. The potential tax benefits and power of compound interest can make it a great saving and investment tool for anyone who practices financial discipline and contributes regularly. There are several important things to know about your 401(k), such as how much you can contribute, options for your 401(k) when you leave your job, and how much you are paying in 401(k) fees. You Have Options for Old 401(k)s When you leave a job, you can either cash out [...]

24 07, 2020

Financial Lessons from a Founding Father
Financial Lessons from a Founding Father

Financial Lessons from a Founding Father

BML Wealth Marketing2020-07-24T22:28:03-07:00July 24, 2020|Financial Planning|

America is taking another look at Alexander Hamilton thanks to the hit Broadway musical celebrating his role in shaping our nation. As the first Secretary of the Treasury, he created the first national bank, consolidated the new country’s war debts, and established federal credit. You could say he was America’s first Chief Financial Officer. He was also a self-taught immigrant who started with no wealth but ended up on the $10 bill. Thanks to his killer, Aaron Burr, Hamilton never reached retirement. But we can learn important financial lessons from the Founding Father who built [...]

20 07, 2020

3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance
3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance

3 Things to Know If You Don’t Want to Leave Your Retirement Income to Chance

BML Wealth Marketing2020-07-20T13:44:08-07:00July 20, 2020|Retirement Income, Retirement Planning|

If you're nearing the end of a long career or have recently retired, you know something about what it takes to be successful. Luck can help, but hard work and proper planning are much more important. It's the same with retirement. Deciding where your income will come from, working to help minimize your tax burden, and knowing how much you're paying in fees are important parts of creating a solid retirement plan. Here’s what to know if you don’t want to leave your retirement income to chance. Know Where Your Income Will Come From Once [...]

20 07, 2020

The Retirement Fingerprint – July/August 2020
The Retirement Fingerprint – July/August 2020

The Retirement Fingerprint – July/August 2020

BML Wealth Marketing2021-10-04T11:11:47-07:00July 20, 2020|Newsletters|

America’s Job Crises: Past and Future Even before the mass layoffs caused by the COVID-19 pandemic, companies were having a hard time keeping workers employed. That’s because, in recent years, plentiful jobs have offered employees more options to jump ship if they weren’t happy.

17 07, 2020

4 Fun and Affordable Retirement Activities
4 Fun and Affordable Retirement Activities

4 Fun and Affordable Retirement Activities

BML Wealth Marketing2020-07-17T00:18:35-07:00July 17, 2020|Lifestyle, Retirement|

Entering retirement can mean a dramatic shift in lifestyle, but luckily there is plenty of time for new or old hobbies. Remember, you’re not just retiring from something, you’re retiring to something. The “what” is up to you, and there are many options other than expensive hobbies. Here are four fun and affordable retirement activities. Volunteering Few things are as fulfilling and stimulating as doing good deeds around the local community. Activities include walking animals at the local shelter, assisting at a hospital, tutoring and mentoring, or volunteering at a local non-profit. Most cities and [...]

12 07, 2020

Tax Day Finally Arrives
Tax Day Finally Arrives

Tax Day Finally Arrives

BML Wealth Marketing2020-07-12T21:08:33-07:00July 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
Preparing for Retirement Is Like Planning Your Summer

Preparing for Retirement Is Like Planning Your Summer

BML Wealth Marketing2020-07-10T15:48:45-07:00July 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
3 Things to Know About Covering Healthcare Costs In Retirement

3 Things to Know About Covering Healthcare Costs In Retirement

BML Wealth Marketing2023-03-23T21:35:55-07:00July 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?
Are You Ready for Endless Summer?

Are You Ready for Endless Summer?

BML Wealth Marketing2020-07-03T11:41:51-07:00July 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 [...]

Monthly Archives: July 2020