Client Focused Financial

The most commonly used fund is 401(k) plans are Target Date funds. Check out how to take advantage of Stock Market drops why NOT to use Target Date funds.

ROTH IRA or Roth 401k Conversions can save you a lot of $$$ in taxes when you retire. And now's the time to do it! If you have a Traditional IRA or Traditional 401k (pre-tax contributions) the recent market drop is giving the great opportunity to convert those pre-tax retirement dollars into after-tax Roth dollars with less of the tax burden since stock prices are lower. Roth IRAs or Roth 401k money grows tax-deferred, just like its Traditional IRA or 401k counterparts. The big difference is that when you're retired the withdrawal from Roth accounts is tax-free vs Traditional (pre-tax) accounts are taxable. This means that all the growth on a Traditional 401k or Traditional IRA is taxable vs the growth on a Roth IRA or Roth 401k is NOT taxable. This can mean a lot of additional $$$ for your retirement.

In the last month stocks have dropped by over 30%. If you're a long term investor look at this as a great opportunity to get money invested 30% on sale.

Investing 101 would say buy low and sell high. Stocks are near an all-time high does this mean you should sell your stocks and move into cash or something safe. For long term investors, market highs should mean nothing. If you're a short term investor trying to time the market, Good Luck. Timing the market is not only an extremely difficult strategy to try and manage. It's the best way to take more risks and end up with lower returns. The saying goes "It's not about timING the market, it's about time IN the market." Long term investors should develop a plan that keeps them consistently participating in the market.

Solid Investing here at Client Focused

Stocks are at an All-time high when do I sell? If you’re a long term investor, meaning you plan on having money invested for another 10+ years. The answer is NEVER. Betting against the stock market long term is the same thing as saying you don’t think we’ll be a country in the future. Over time markets have gone up. There’s no rolling 20 year timeframe since market stats started to be accurately records in 1926 that stocks have been down. That means you can pick any day sin...ce 1926 and look forward 20 years and stocks would be positive. #financialplanning #retirement #personalfinance #money #stocks

Money in your Savings account not Growing? The Middle Bucket might be your answer Saving for retirement is something that everyone knows they need to do. Most financial experts say you should have 3-6 months in an emergency account. ... BUT what about that extra money that’s in checking or savings accounts that you don’t plan on using for the next few years but you may need it before retirement. If you want that money to grow the bank/credit union isn’t the place for it. That’s where the middle bucket comes into play.