Is it time to rebalance your portfolio? Your portfolio should align with your risk tolerance, retirement timeline, and long-term goals. These factors may help you decide on the appropriate asset allocation for your unique situation.

When you rebalance your portfolio, you sell off higher-performing strategies, reinvest the returns, or invest the return into other strategies. Rebalancing your portfolio may help you manage portfolio risk and help improve returns. You may want to rebalance it to help ensure your portfolio’s strategies continue to support your goals. In general, there are three approaches to how often you should rebalance your portfolio, including:

• Time approach: You may rebalance your portfolio every quarter, six months, or year. A time approach prevents you from changing your portfolio based on emotions
• Tolerance threshold approach: The tolerance threshold approach is when you rebalance your portfolio when its allocation deviates by 20% or more. This method helps to remove emotions from your investment decisions based on actual performance rather than an arbitrary period.
• Hybrid approach: The hybrid approach combines the time approach and the tolerance threshold approach. This approach occurs when you rebalance at a regular time interval but only if your portfolio exceeds certain thresholds.

Rebalance Your Portfolio

Once you determine which asset classes have deviated from the planned allocation or your financial plan, you may want to rebalance if appropriate. Here are the steps to rebalancing:

First, Consider The Tax Implications That Come With Rebalancing.

While you don’t have to worry about taxes with tax-advantaged accounts like 401(k)s, you will be responsible for capital gains tax on taxable accounts. Consult your tax and financial professionals to help you determine how rebalancing will impact your taxes.

Second, Sell The Strategies

In the asset classes that have exceeded the planned allocation.

Third, Determine If You Want To Invest

The asset classes that have fallen below your desired allocation, invest in new strategies aligned with your risk tolerance and goals or stay in cash to invest later.

Rebalancing an investment portfolio can be challenging. A financial professional can help you determine if rebalancing is appropriate for your situation, help with the process, and determine the ideal strategies for your portfolio’s new allocation.

SWG2241771-0622c The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, M3 Wealth specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!

Social wellness should be top of mind whether you’re approaching retirement or already retired. Social wellness refers to nurturing yourself and your relationships. It can provide you with a positive social network that improves your self-esteem and overall quality of life.

It might also lead to better sleeping and eating habits. Social wellness may also help you ward off loneliness, which can take a toll on your mental health and increase the risk of chronic illnesses like heart disease, depression, and Alzheimer’s disease. In honor of Social Wellness Month, we’ve created a list of ways you can practice social wellness in your retirement years:

Join A Club

Many clubs cater to people with various interests, hobbies, and beliefs. Whether you join a book club, choir, or sports team, you’ll be able to engage with other like-minded people. A club can also help keep you active while giving you a reason to get out of the house.

Bond With Children

If you’re fortunate enough to have children and grandchildren, make it a priority to spend time with them regularly. You’ll be able to enrich your life through meaningful play and conversation while enjoying the perspective of someone in a different stage of life.

Get A Pet

Studies show that pet ownership can help people reduce stress levels and improve their health. If you don’t have a pet, it may be time to add a four-legged friend to your family. While a pet does come with responsibility, it can do wonders for your social and emotional wellbeing.

Exercise At A Gym

Do your best to engage in at least 30 minutes of physical activity each day. You can join a gym or fitness center to meet new people and develop strong relationships while walking around the track, practicing yoga, or taking a dip in the pool.

Volunteer

Find an organization you believe in and donate your time through volunteering. Not only will you feel good about giving back but you’ll also connect to others with similar passions. Consider volunteer opportunities at a local soup kitchen, animal shelter, park, or disaster relief organization.

Consult Your Financial Professional

A financial professional can help you review your financial situation throughout retirement and determine the ideal strategy for your unique goals.

SWG2241771-0622d The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, M3 Wealth specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!

Whether you’ve had an estate plan for years or only recently set one up, it’s essential to update your estate plan from time to time. So when should you update your estate plan? That answer depends on your unique circumstances. However, most financial experts recommend that you review and revise your estate plan every three to five years or after you’ve undergone a significant life event. Here’s a closer look at circumstances that may warrant an update to your estate plan:

Marital Changes

A change in your marital status is the ideal time to review your estate plan. If you get married, you may want to add your new spouse to specific estate planning documents. On the flip side, if you divorced, you might want to remove your former partner from your estate plan.

Birth Of A Child

It’s essential to protect your children when something unfortunate happens to you or your child’s other parent. That’s why the birth of a child usually requires an update to your estate plan. You can also use the opportunity of updating your estate plan to name a guardian for your child.

Major Financial Changes

Maybe you purchased a home, or perhaps you made a considerable investment or became a business owner. If there has been a substantial change to your finances, you must update your estate plan to reflect your and your family’s new needs.

A Geographic Move

Estate planning laws may vary from state to state. While some differences are slight, others are significant and warrant changes. Things related to powers of attorney, advance medical directives, and living wills. If you move to another state or acquire a second residence there, it’s in your best interest to meet with a legal professional to learn how your new state’s estate laws impact your situation.

Significant Health Changes

An estate plan is designed to protect your health, well-being, and finances. If you or a loved one experience a substantial change in health, it’s essential to revise your estate plan. For example, if your power of attorney is a spouse whose health now prevents them from taking on the role, you may want to consider changing to someone else.

Consult A Financial Professional

A financial professional can help you with your ever-evolving estate planning needs by reviewing your financial situation and determining the ideal strategy for your unique situation.

SWG2241771-0622a The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, M3 Wealth specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!

No matter your age or stage of life, it’s essential to conduct a yearly financial review with your financial professional. A financial review will allow you to take a close look at your finances, assess the success of various strategies, and determine whether you need to make any changes.

A yearly review can help ensure that you’re headed in the right direction financially. In honor of Effective Communications Month this June, we’ve compiled this list of tips to help you make the most out of your yearly financial review:

#1- Consider Your Budget

A budget helps you track how much money is coming in and going out each month. When you meet your financial professional for your yearly review, review your budget for the past year and use it to design the ideal budget for the upcoming year. Reviewing your budget will help you determine where you can cut any unnecessary expenses.

#2- Examine Your Savings Goals

Since your ability to save will play a vital role in your financial success, take a look at your savings. Determine if your savings goals for the year still apply. Ask yourself if there is any room for improvement and how realistic it is for you to boost your savings. If possible, work toward increasing your savings rate each year to help compound your money and change of savings rate success.

#3- Evaluate Your Financial Plan To Retire On Time

As you review your financial plan, make sure you’re saving enough this year. Adjust to keep you on track for retiring on your retirement timeline. You may consider increasing your retirement savings contributions at work or contributing more to your other retirement savings accounts.

If you’re already retired, meet with your financial professional to help determine whether your spending down plan is appropriate. For the current economic environment or if you should consider other strategies.

#4- Assess Your Investment’s Performance

It’s essential to review each investment’s performance and take action to improve your portfolio’s future performance. While you can’t control market performance, you can take action to help ensure that your investments align with your goals. During this time, review performance net fees, and discuss other investment vehicles. During your yearly financial review discuss strategies appropriate for your situation with your financial professional.

#5- Understand Your Tax Situation

Taxes can get complicated, so that you may need help from a tax professional. Understand how you can max out your retirement savings accounts or give charitable donations to help lower your taxable income. Also, determine whether you qualify for any new tax credits or deductions. If you’re gone through some life changes, you may have access to tax perks that weren’t available to you in the past. Tax planning can occur anytime throughout the year, and well ahead of the end of the year is optimal for your yearly financial review.

Contact Your Financial Professional To Schedule Your Yearly Financial Review Today!

SWG 2208431-0522e The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, M3 Wealth specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!

If you currently invest in real estate or if you plan on investing in today’s real estate market, it’s essential to understand its risks.

Now, we’re in a seller’s market, which means fewer homes are for sale, prices exceed list prices, and fewer incentives from sellers. Be sure to keep these four tips in mind if you plan to invest in real estate in the near future:

Home Values May Decrease

Home prices continue to rise, but no one can predict what will happen to the housing market. Therefore, if you’d like to invest in selling within a specific period, consider the risks of a short-term real estate investment since home prices may fall and take a toll on your plans.

Overpaying Is Easy

Many people are looking to buy properties. If you know a property has received several offers, you may spend more. By understanding the maximum price you want to spend, you can avoid paying more than a property’s market value.

It Can Be Challenging To Find Suitable Properties

A seller’s market means low supply, and it may take a while to find an investment property or multiple properties that check off all your boxes. You may have to settle for a less-than-ideal property for your needs.

Consider The Alternatives

No one has a crystal ball that can predict whether the housing bubble will burst. While you can invest your money in property now and hope that property values continue to go up, you may also want to consider holding off and using other strategies to diversify your portfolio. Here are some options to consider instead of investing in today’s real estate market, after consulting your financial professional:

REITs

REITs or real estate investment trusts are companies that invest in income-producing real estate. To generate income, you can buy publicly traded REIT shares, a REIT fund on stock exchanges, or private REITs.

Real Estate Crowdfunding

Real estate crowdfunding allows you to pool your money with others online to purchase property shares. Ensure you do your due diligence by investigating real estate crowdfunding platforms licensed in your state. To make sure they are legitimate. Your financial professional or your state’s attorney’s office is an excellent place to start.

Consult Your Financial Professional

A financial professional can help you determine if now is an appropriate time to invest in real estate in the current market based on your financial situation.

SWG 2208431-0522d The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, M3 Wealth specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!

Post-traumatic stress disorder, or PTSD, is a mental health condition that occurs in people who have experienced or witnessed a terrifying event.

It affects more than 8 million Americans, 18 years of age and older. While PTSD symptoms vary, the most common include fear, flashbacks, nightmares, severe anxiety, and uncontrollable thoughts about the event. With proper treatment, those with PTSD can improve their symptoms, learn skills to cope with their condition, eliminate flashbacks and nightmares, and restore their self-esteem.

Long-Term Care And PTSD

If your loved one has been diagnosed with PTSD, long-term care will likely be essential since most people who are living with trauma, addiction, and other mental health issues need time to heal. Unfortunately, healing from PTSD will not happen overnight, and treatment in a long-term care (LTC) setting is often necessary. Living in an LTC facility may give your loved one the opportunity to develop a strong relationship with the community, build new relationships, and enjoy the resources they need to sustain long-term recovery.

How To Plan For Long-Term Care

Since long-term care costs can add up quickly, it’s important to have a plan in place to help cover expenses. The earlier you design an LTC and stick to it, you’ll have more control and choice. Some options to consider in your plan include:

• Long-term care insurance – Typically, the best type of long-term care policy for those with PTSD is a traditional long-term care policy. Also called a long-term care partnership plan. When your loved one applies for one, they should be prepared to share when they were first diagnosed. As well as what prescriptions they’ve taken, and whether they’ve ever been hospitalized or visited the emergency room for PTSD.
• Home equity – If your loved one decides to move to a long-term care facility permanently, they might be able to sell their home. Then use the funds to cover the costs of the care. If a spouse or another family member remains in the home, a reverse mortgage might be an option. This strategy allows them to tap into home equity. The loan must be paid back if the owners move out, sell, or passes away.
• Medicaid – In the event, your loved one doesn’t have a lot of money saved or encounters a catastrophic expense that wipes out their savings, they may need to depend on Medicaid. Fortunately, there are a few ways to protect some assets for spouses if this situation does arise.

Consult Your Financial Professional

A financial professional can help you plan for long-term care with PTSD in mind.  Together we’ll help you review your financial situation and determine the ideal strategy for your unique goals. Contact us today to get started.

SWG2208431-0522a The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, M3 Wealth specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!

Since the COVID-19 pandemic began, there have been rising home prices. According to Fannie Mae, they’ll continue to climb by 11.2% this year and expand at a more modest rate in 2023.

So what exactly do these rising home prices mean for you as a property owner and your estate?

Higher Property Taxes

When home values go up, so do property taxes. While it’s possible to appeal a property tax increase, it can be challenging to convince the tax assessor. To successfully reduce your property tax bill, you’ll need to compile home sales data of comparable houses in your neighborhood at lower price points. Since home price increases are so prevalent, you should consider preparing for and budgeting for any property tax increase that may come your way.

More Home Equity

Since home values have risen nationally, you may have a record level of equity at your disposal. Now maybe an optimal time to tap into your home’s equity through a home equity loan or a home equity line of credit (HELOC). You can use the funds to renovate your existing property, expand your real estate portfolio, or invest in other wealth-building strategies.

Increased Profit

If you have rental real estate, now may be time to unload a rental property. Selling your rental property may be appealing if you don’t have reliable tenants or simply no longer want the responsibility. If you put your property on the market, there’s a possibility it will sell quickly for the top dollar, given the current housing market. If you decide to sell your primary home, you may have to pay more to live in a comparable property.

The Need For More Property Insurance

As your home equity rises, so does your net worth. You may want to purchase additional property insurance coverage before someone sues you for an event on your property. You might want to explore umbrella coverage or increase the coverage on your current policy. Fortunately, you can buy an umbrella policy that offers $1 million more in coverage. This policy is on top of what you already have on your homeowner’s insurance policy.

Consult Your Financial Professional

A financial professional can help you determine how to take advantage of the rising home prices and how they may impact the value of your estate. Together we’ll help you review your financial situation and determine the ideal strategy for your unique goals. Contact us today to get started.

SWG 2208431-0522b The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, M3 Wealth specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!

Inflation is the rate at which the cost of goods and services rises. Inflation affects and is measured by the consumer price index (CPI), which monitors the average prices of goods and services across categories like food, vehicles, apparel, and healthcare services.

Due to inflation, your hard-earned money will buy you fewer groceries, gas, medical services, or anything else than previously. While inflation affects most industries, how much it affects them varies. After all, not all goods and services increase at the same percentage. Here’s a look at a few industries most impacted by inflation according to the CPI:

Food

Food prices go up when inflation hits due to the increased costs of agriculture, labor shortages, and infrastructure issues, like a shortage of truck drivers. It should be no surprise that your grocery bill is more expensive than it used to be.

Air Transportation

The increase in oil prices has led to a rise in fuel prices for airplanes, which eats into the earnings of many airlines. Also, since travel is often a nonessential expense, many people tend to spend less on airfare or avoid airfare costs altogether, further hurting the bottom line of the air transportation industry.

Apparel

Due to the increase in the costs of wool, leather, cotton, and other materials, the clothing industry can be significantly affected by inflation. Often, apparel companies pass the increased costs on to their customers. For this reason, consumers may shop for clothing less often or buy used clothing during times of inflation.

How To Combat Inflation

Fortunately, there are steps you can take to prepare for and combat inflation affects on industries, including:

Create A Budget

A budget is a spending plan that takes your income and expenses into account. It can help ensure you have enough money for your needs and wants. If you don’t already have a budget, consider the pay-yourself-first budget, zero-based budget, or 50/30/20 budget.

Cut Unnecessary Expenses

Likely, you may spend money on goods and services that you don’t need or want. These may include a gym membership you never use, daily trips to the coffee shop, and cable television. Getting rid of them to help free up your monthly cash flow.

Reduce Or Pay Off Debt

Debt can make it difficult for you to meet financial goals during an era of inflation. The faster you pay them off, the sooner you’ll be able to save for a house, buy a new car, build an emergency fund, or contribute to your retirement savings accounts.

Consult Your Financial Professional

A financial professional can help you determine a strategy to be financially secure when inflation is at an all-time high. Contact them today to help determine the ideal strategy for your unique situation and goals.

SWG 2208431-0522c The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.

In addition, M3 Wealth specializes in providing strategies and guidance for those who are seeking a better lifestyle in retirement. If you have retirement savings of five million dollars or $50,000, we can ensure it works as hard. As a result, we offer our experience and knowledge to help you design a custom strategy for financial independence. Contact us today to schedule an introductory meeting!