Hassell Wealth Management

If you have a pension, deciding between monthly payments and a lump sum is an important part of your retirement plan. Both options have their merits and potential drawbacks. Let’s explore some factors to consider when making this decision. https://bit.ly/3WkzF2M

When planning for retirement, many people focus on building their nest egg but often overlook strategies to maximize their savings and minimize taxes. One of these strategies is a Roth conversion. Here, we’ll break it down in straightforward terms to help you understand its benefits and why it might be worth considering during retirement. https://bit.ly/3ZUEVuS

When it comes to investing, most people focus on what to buy—stocks, bonds, mutual funds. However, where you place those investments can be just as important as what you buy. This is the concept of asset location, and it’s a key strategy for minimizing taxes and keeping more of your investment returns. https://lnkd.in/dW8qb-we

During the holidays, many of us feel inspired to give to the causes we care about. While writing a check is a classic way to make a difference, there are plenty of other impactful ways to support charities. These nine strategies not only offer creative ways to contribute but can also have financial benefits for the giver. https://bit.ly/4eXE4ir

Want to make the most of your charitable giving? Learn how charitable gift stacking can maximize your tax benefits while supporting the causes you care about. Watch our short video for insights! https://bit.ly/4fXzcuM

When it comes to teaching children about financial responsibility, starting early can make a significant difference. One option worth considering is a Roth IRA for your child, which can set them on the path to long-term financial security. Unlike traditional retirement accounts, Roth IRAs offer unique advantages for minors, including tax-free growth and the ability to withdraw contributions at any time without penalty. Here’s how you can use this strategy to give your child a head start on building wealth.

Election years are eventful, with political debates and campaign promises dominating the headlines. For many investors, election season can create anxiety, especially when both sides of the political aisle claim that their opponent’s victory will lead to economic turmoil. However, the reality is that the stock market has historically proved resilient, regardless of which party is in the Oval Office. If you’re concerned about what to expect from the stock market after this election, you’re not alone. While past performance is no guarantee of future success, history paints a more positive picture that can help reduce investor anxiety. Read on to understand how the market has performed following Election Day. https://bit.ly/40nixML

When saving for retirement through an employer-provided retirement plan such as a 401(k), one of the most important decisions you’ll face is whether to contribute on a pre-tax or after-tax basis. Each option has tax advantages, and the right choice depends on your financial situation and future tax expectations. Here are tips for deciding which contribution type is right for you. https://bit.ly/3TP3Opu

If you’ve ever listened to public radio’s “Marketplace” with Kai Ryssdal, you may have noticed the songs they play when they “do the numbers.” On days the market is up, it’s “We’re in the Money.” On down days, they cue up “Stormy Weather.” These musical accompaniments are a way to acknowledge the emotion listeners may be feeling when they learn whether markets have spiked or sunk on any given day. Ultimately, it’s lighthearted stuff. But it’s one example of how the media uses all sorts of tactics to play to your emotions and make the financial market news more compelling. Some of these ploys are more insidious than others. https://bit.ly/47j4eKt

The trade-off between risk and reward is an essential part of any investment strategy. But risk means different things to different people. While risk is the key to unlocking greater gains, it can also be a source of sleepless nights and fingernails chewed to the quick. Each of us must find the right balance for our needs. So, how much risk are you willing to take to reach your goals and sleep through the night? Figuring out your risk tolerance is a key step. It’s an important building block for your investment plan and can help you create a portfolio that’s well-positioned to meet your goals without compromising your financial—and emotional—health. There’s no simple equation for determining your risk tolerance, but the following three questions can serve as a guide. https://bit.ly/3XlkJ56