WISE WEALTH
Retire in Style: Explore the World with These Bucket List Trips
For many people, retirement is the ideal time to explore the world. With no time card to punch, you can travel where you want for as long as you want — and as long as your budget allows. Best of all, you may be able to skip the crowds and score some impressive deals...
What Are Your Chances of Winning the Powerball?
On January 1st, 2024, a lucky Michigan resident hit the massive Powerball Jackpot worth $842.4 million. (1) Although it is nice to fantasize about waking up one day with a ten-digit bank account, the numbers show that those chances are extremely low. While it's widely...
Diversification of Your Portfolio: Exploring the Basics, Common Strategies, and Mistakes to Avoid.
Diversifying your portfolio means spreading your investments across different asset classes, industries, and geographic regions to reduce overall risk without sacrificing potential returns. This strategy allows you to take advantage of different trends and...
Considering Roth IRA Conversions as a Strategic Move in Legacy Planning
More retirees planning their legacy are considering Roth Individual Retirement Accounts (Roth IRA) conversions as part of their strategy. A Roth IRA conversion involves moving assets from other retirement plans into a Roth IRA, allowing earnings to grow tax-free and...
New Update: Transfer Untapped 529 Plan Funds to Roth IRAs Tax-Free
In 2022, 529 plans saw a decline in overall investments, reaching $411 billion (1). Research suggests investors may question its value due to uncertainties about their children receiving scholarships or opting not to pursue college. Up until now, the funds had to be...
Building Generational Wealth With Hard Assets
Generational wealth is the idea of building wealth that can last for several generations, allowing you to create a legacy for your family and provide financial security for future generations. One of the most effective ways to build this type of wealth can be through...