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As a consumer you want to stay up to date but the technical lingo and nature of the products can make it very difficult. Enter BW Wealth Management. We take the technical concepts and present them in an easy reading format. 

 

Monday, October 19, 2020

As Americans look forward to retirement, they seem fixated on the amount they have saved in their retirement accounts. In fact, the number one financial question I get is, "Have I saved enough for retirement?" I believe the focus on...

 

Thursday, October 15, 2020

If you do not have a fully funded emergency fund, then I would always suggest using any additional income to fund one. Once it is in place then you have a few more options for your money. Purchasing no-load index funds will allow your...

 

Monday, October 12, 2020

Lack of diversification can cause much damage to your investment portfolio. The goal of diversification is to invest in enough unrelated stocks (around 30), that the poor performance of any one stock does not sink your entire account....

 

Thursday, October 8, 2020

Anyone can manage their investments, but do they want to? Knowing your stance on this depends on how you answer the following 2 questions. Do you have the time, ability, and desire? There are people that view investments as hobbies....

 

Thursday, October 1, 2020

Before you start investing you want to make sure that you have your emergency fund in place and fully funded. A good rule of thumb for your emergency fund is to have saved 6 months’ worth of living expenses. Once you have this...

 

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Thursday, September 24, 2020

The sooner you can invest the better! It is paramount that you have an established and fully funded emergency fund before you begin investing; however, once that step is completed you need to start investing right away. The reason for...

 

Thursday, September 17, 2020

People are living longer and retiring earlier. Many people today will live 25-30 years or more in retirement. So, if your investments in retirement do not keep up with inflation, then you could easily lose over half of your purchasing...

 

Thursday, September 10, 2020

The purpose of saving and investing for retirement is to build a nest egg which you will turn into a secure income stream in retirement. The income stream created would replace your paycheck. With this secure income stream in place...

 

Thursday, September 3, 2020

When it comes to saving for retirement, the sooner you can begin the better as your money has more time to compound and grow. However, you can always make the best of the situation wherever you are in life. Doing the best that you can...

 

Thursday, August 27, 2020

You have spent the majority of your lifetime accruing your retirement nest egg. Now you are ready to retire and enjoy the fruits of your labor. What does this look like? Your retirement is going to look different in many ways. One key...

 

Thursday, August 20, 2020

The answer to this question will be different for every individual. It begins with determining what you want your retirement to look like. Do you have dreams of traveling the world or downsizing and moving closer to family? Do you...

 

Thursday, August 13, 2020

This is the major question on everyone’s mind as they plan for retirement, but it is not the question you should be asking. The general rule of thumb used to answer this question is that you can draw 4% of what you save. So, if...

 

Tuesday, May 12, 2020

We are in the midst of a complete market meltdown due to the corona virus. I’m getting multiple questions from the nervous public asking me about the best financial moves to make right now. There is no “one size fits...

 

Tuesday, May 5, 2020

There is so much to consider when planning for retirement. It can easily become overwhelming. We have broken the retirement planning process down into 4 buckets. These buckets help you better understand how your money should be...

 

Tuesday, April 28, 2020

Studies have shown that the average American is well behind in their retirement accumulation. Many Americans are not currently contributing to any retirement plan and will strictly be relying on social security for income. The SECURE...

 

Tuesday, April 21, 2020

The obvious answer is never. As we look at our investment statements recently, the damage done as a result of the effects of the corona-virus is very painful. It is a very natural reaction to feel anxiety when you witness the sudden...

 

Tuesday, April 14, 2020

What is sequence of returns and why is it so important? “Sequence of returns” is defined as the order of investment returns in your portfolio over a long period of time. The phrase is normally associated with retirement but...

 

Monday, April 13, 2020

You’ve heard it said more than a dozen times that we are in “unprecedented times” or “uncertain times”. Whatever adjective you are using to describe the current state of our nation, it is certain that...

 

Tuesday, April 7, 2020

As we deal with the awful effects of the corona-virus, it is painful to also observe money we have invested in the stock market take a deep decline. This downturn can also provide some opportunity. For the young who are decades away...

 

Monday, March 30, 2020

Albert Einstein once stated that “compound interest is the eight wonder of the world.” With a fixed annuity you receive triple compounding interest on the principal, interest on the interest, and interest on the tax...

 

Monday, March 23, 2020

Sickness struck and we watched as the world went into a panic. The stock market started dropping and appears to continue its downward trend. Many investors are making emotional decisions to sell. Some who are in the market for the...

 

Tuesday, March 17, 2020

Recently, the Federal Reserve lowered interest rates and pumped cash into the market in an effort to calm the market upheaval due to the coronavirus. I believe the government is doing exactly what they should in this situation....

 

Tuesday, March 10, 2020

We have all heard the saying “With Great Privilege Comes Great Responsibility.” Let’s look at this from a retirement planning perspective. You should consider yourself privileged if your employer offers a retirement...

 

Friday, March 6, 2020

Let’s pretend that you’ve decided to run your first marathon. What do you do to prepare? You would first look up a training plan. A marathon training plan will tell you what distance you need to run and when to do it....

 

Thursday, March 5, 2020

A plan that is never put into action is worth nothing. So, what prevents people from putting plans into action? Maybe the plan was never any good to begin with. It was just an idea. Many people have “ideas” about how to...

 

Friday, February 14, 2020

A target-date fund is a class of mutual funds that is set to re-balance over time based on the age of the owner. The idea is that you are invested with higher risk when you are younger and move to lower risk investments as you age and...

 

Wednesday, February 5, 2020

You've no doubt heard talk surrounding the recently passed into law SECURE Act. The SECURE Act (Setting Every Community Up for Retirement Enhancement) is a response to the current situation for many workers who do not have retirement....

 

Thursday, January 30, 2020

Retirement planning is a marathon, not a sprint. There is a quote in the running community that says, “Running long distance is 25 % fitness and 75% mental”. Now, those numbers can’t actually be measured but they...

 

Thursday, January 30, 2020

Not that long ago we entered a new year and a new decade all at the same time. How many of you took your new year’s resolutions to the next level with that in mind? One resolution that tops the charts every year is to be...

 

Thursday, January 30, 2020

Have you ever trained for something? Training takes different shapes depending on the difficulty and nature of what you are preparing for. There are; however, 3 key components to successful training that do not change no matter the...

 

Thursday, January 30, 2020

Running marathons has gained significant interest over the last several years. Even so, you can’t deny that it is still a feat a majority of the population will never complete. Why does running a marathon seem like something too...

 

Thursday, September 5, 2019

Football season is back so all is right in the world! Unless your team did not perform like you expected. Then you may find yourself frustrated. Teams that win are not always the teams with more skill. Teams that win ballgames are the...

 

Thursday, September 5, 2019

Obviously no one can control or predict completely when a bear market will hit. The stock market has always performed well historically, right? True. But as you age you cannot afford the risk of unpredictable and volatile short-term...

 

Wednesday, August 21, 2019

Life can change for the better or worse at any moment. You could lose a loved one or find happiness after years of being alone. Many people don't realize how the decisions they make can affect their financial future until it is too...

 

Tuesday, June 18, 2019

Do you believe that monitoring and being mindful of taxes is important when it comes to investing? The answer should be an overwhelming yes. Investment accounts react to taxes differently depending on the type of account. We can focus...

 

Tuesday, June 11, 2019

What Is The Death Zone? The news has recently been filled with stories of danger and death as mountain climbers attempt to climb the notorious Mount Everest. Mount Everest sits at 29,029’ and is the tallest mountain in the world....

 

Thursday, June 6, 2019

History intrigues me as it is filled with stories of men and women of gallantry. They paved the path for the world as we enjoy it today. I hope we never lose sight of the sacrifices many of them made, in times of war or peace, for the...

 

Wednesday, June 5, 2019

Retirement is one of the most exciting and rewarding times in life. It can also be filled with uncertainty. One cause for uncertainty is your income. All your life you have worked and received income from your occupational paycheck....

 

Thursday, May 30, 2019

I shared in a previous article that my father was in the United States Air Force. Growing up under someone who served our country is truly a privilege. It expands your worldview in ways that you can't imagine and instills you with life...

 

Friday, May 24, 2019

My family heritage runs deep into Marshall County. My father, Billy Morgan, grew up on a farm there. He attended Murray State University and graduated in 1950. To this day he is a patriot through and through. After graduation, he...

 

Monday, August 27, 2018

Tip: How Much? Check your Social Security earnings and see an estimate of your benefits on the website, www.ssa.gov. Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how...