Design, Wealth… WISDOM: A Holistic Approach to Financial Prosperity
Despite unemployment rates trending at a 50-year low, recent job satisfaction data paints a less encouraging picture: Less than half of Americans are satisfied with their jobs, with a meager 20% labeling themselves “enthusiastic.” Nearly one-quarter noted they were eager to make a significant career change and one-third of Americans currently engaged in the workforce believe their career has reached a dead end. This apparent misalignment of abundant opportunity, coupled with disheartening job satisfaction, could be indicative of a larger issue—something that could be remedied by a more proactive approach to financial security.
Senior Wealth Manager Peter Martin reminds us, “If there is a period of time that we do not know which way we are rowing, that is a lot of wasted time. I would argue that that is a lot more damaging to our life and our wealth than a bad investment: It trumps all these other tools also that we use. Listen now and read the full-text transcript here: “Design, Wealth… WISDOM: A Holistic Approach to Financial Prosperity.”
Funding Retirement Accounts During Tax Season
There’s no doubt about it: COVID has upended many aspects of life this past year, and household finances are no exception. Recent data notes that nearly 15% of Americans with retirement savings accounts like 401(k)s and individual retirement accounts capped those funds over this past year—with another 13% noting the need and intent to do so in the imminent future. Those numbers paint a discouraging picture, but there is finally a glimmer of hopeful light at the end of this coronavirus tunnel, and there is no time like the present to re-evaluate your retirement savings strategy to be sure you are doing all you can to make the most of that hard-earned money.
Senior Wealth Manager John Wilcox advocates a long-term approach to maximizing retirement plan contributions during tax season—and beyond: “…[F]unding a retirement account is more than just what the accountant tells them to do: It is a year-round habit, making present decisions for future opportunities and income planning for yourself and your family.” Listen now and read the full-text transcript here.
All information contained herein is informational in nature and not intended as individualized financial, legal or tax advice. Wealth management and financial planning decisions are complex and fluid and should be structured around each client’s unique situation and needs. Parties should carefully consider all related benefits, risks and costs and speak to their trusted advisors before making any significant decisions.