Wealth and Wisdom: Week of January 3, 2022
Happy New Year!
Let’s get 2022 off to a great start with some practical, workable ideas to help you face the challenges that we’ll all face this year, and you’ll find plenty of them here every week. And while you’re on our new website, be sure to check for my new blog postings once in a while. And let me know if there are subjects you would like me to address in the coming months.
Here’s wishing you greater Wealth and Wisdom in the year ahead!
$4 gas by Memorial Day?
GasBuddy is forecasting sharply higher gasoline prices this year – possibly hitting $4 per gallon in some parts of the U.S. (Reading time: 5 minutes)
Roth 401(k)s surging in popularity
86% of 401(k) plans now offer Roth options for employees – a big increase over the past decade. (Reading time: 3 minutes)
Don’t let the market make you cocky
Heed the old Wall Street warning: “Never confuse brains with a bull market.” (Reading time: 4 minutes)
Taking baby-steps toward retirement
If you’re worried about retiring too suddenly or at the wrong time – consider a “phased retirement”. (Reading time: 3 minutes)
And if you plan to work in retirement…
Make sure you understand how your income might impact your Social Security and Medicare benefits. (Reading time: 5 minutes)
Planning a move in 2022?
The pandemic has sparked a relocation trend that’s still underway. Here’s how to save on your next move. (Reading time: 3 minutes)
Getting a good rate on your HELOC
With the Fed set to raise interest rates this year, it pays to lower the cost of tapping the equity in your home should you need to. (Reading time: 9 minutes)
Get control of your spending this year
A spending plan is one of the first steps to financial fitness. Here’s how to set up a budget for the year ahead – and beyond. (Reading time: 5 minutes)
More financial resolutions ideas
Make 2022 the year you make major progress toward your financial goals. Here are some ideas to get you moving. (Reading time: 3 minutes)
Mike’s Pro Tip of the Week
Before you make your next big purchase, try this simple math exercise: Divide the price of what you’re buying by how much you earn per hour – after taxes. Is it really worth that many hours of your life to buy this item? And even if it is, knowing how many working hours you traded for it will make it that much more valuable to you.
Words to the Wise
“It is the set of the sails – not the direction of the winds – that determines which way we will go.”
– Napoleon Hill
Neither Brown Family Wealth Advisors nor its employees provide tax and legal advice. Please consult your tax and legal advisors regarding your personal circumstances.
Investment advisory services are offered through Raymond James Financial Services Advisors, Inc. Brown Family Wealth Advisors is not a registered broker/dealer and is independent of Raymond James Financial Services.
Links are being provided for informational purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Any opinions are those of Brown Family Wealth Advisors and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected.