Market Updates
TLWM Market Updates
The Complex Waters of Aging Parents’ Finances
Submitted by TLWM Financial on July 7th, 2023Now Might Be a Good Time For a Roth Conversion
Submitted by TLWM Financial on June 28th, 2023One silver lining in the current market is that this could be a good time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which might be a substantial tax bill. However, if assets in your traditional IRA have lost value, you will pay taxes on a lower asset base when you convert.
Generational Wealth & The Gift of Financial Freedom
Submitted by TLWM Financial on June 28th, 2023Those who receive an inheritance with the passing of a loved one are potentially given the gift of financial freedom if they choose to manage the wealth carefully. Did you know that only about one-third of adults have a prepared will, and about 40% with investable assets of $1 million or more never discuss their estate plans with their children?
The FIRE Method: What It Is & How To Do It
Submitted by TLWM Financial on June 28th, 20236 Retirement Tips for the Sandwich Generation
Submitted by TLWM Financial on June 28th, 2023Adults caring for aging parents and children simultaneously have now become known as the "sandwich generation." While each generation comes with its own array of financial challenges, the sandwich generation often feels a tight financial squeeze as they juggle the cost of care for their elderly parents with care for their children.
Monthly Market Update
Submitted by TLWM Financial on June 6th, 2023May was another fairly steady month for stocks with some volatility to close out the month as investors watched the ongoing debt ceiling negotiations carefully. The S&P 500 closed the month slightly higher, and is now up about 9% year to date. (YCharts)
Investors have had a number of headwinds to contend with this year including recession risk, hawkish monetary policy, and the risk of a US debt default (debt ceiling). Despite these factors, we’ve seen markets rally about 16.5% over the last 8 months (since Oct 1st).
Teaching Your College-Age Child about Money
Submitted by TLWM Financial on May 25th, 2023Benefits of Owning a Second Home in Today’s Market
Submitted by TLWM Financial on May 25th, 2023Summer is here and with it are fanciful dreams of owning a second, seasonal home. Maybe it’s a beachside bungalow or a mountain cabin or a lakefront cottage with a front porch and a sweeping view of the sunlight on the water. All of them no doubt sound enticing, but fulfilling this dream takes attention to detail and a firm vision of your long-term goals.