Do You Know Your Level Of Risk?

June 2022

Planning Tip

Now that you have likely filed your taxes for 2021, it may be a good time to see if any adjustments could be needed.

Did you receive a large tax refund this year? If so, consider adjusting your withholding to then see more money in your pocket throughout the year.

Or, did you happen to be surprised at how much you owe this year? If so, consider increasing your withholding to ease the amount you may owe come next year’s tax season.

You are able to have money withheld from various retirement sources such as Social Security, pensions, annuity payments and IRA distributions.

Please call our office at (518) 584-2555 if this prompts any questions or concerns you may have regarding your current tax withholdings.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

Everyone Has A Risk Number,

What's Yours?

As the market shifts, knowing your risk comfort level can make all the difference in your planning. At Saratoga Financial Services, we offer Riskalyze, a cutting edge technology that pinpoints your acceptable level of risk.

Below is a video from Riskalyze that helps explain the many benefits of finding out your Risk Number.

While we don't know what the future holds, it's never a bad idea to take the Riskalyze questionnaire and then review your accounts and make sure they're aligned with your goals and financial situation.

You are able to access Riskalyze at all times through our website. Click Here to head to our website to learn more about Riskalyze and find out your Risk Number today!

If you'd like to review your portfolio, please give our office a call at (518) 584-2555.

Trying to Time the Market? Think Again

In times of volatility, timing the market may seem tempting - but doing so is impossible and may be a costly mistake. An approach more practical than trying to time the market is to set a long-term plan - doing so can help you ride out the challenging times.

It's important to remember that market fluctuations are normal, and though we can't control how the market moves, we can control how we react. When markets fall sharply, they also tend to rebound sharply. Therefore, your time in the market is more valuable than trying to time the market. History shows that the market rewards investors who can bear the volatility and stick to a disciplined strategy. Take a look!

Did You Know?

· The S&P 500 Index 7-week losing streak is finally over with the huge gains last week.

· There have only been three other weekly losing streaks this long and two of them (1970 and 1980) saw more than 33% gains a year later.

· But the returns in 2001 were quite weak with 9/11 and the recession on the horizon.

In conclusion, stocks are still extremely oversold and potential continued strength is possible.

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New Location For Our Annual Shred Event!

Our 11th Annual Shred Event will be held on Saturday, June 25th from 9-11am.

Based on the success we've had over the years, we have moved the

Shred Event to a bigger location!

We will be hosting this year's event in the J.C Penny parking lot at The Wilton Mall!

For further details, be sure to check out the event on Facebook by clicking here!

Robert Schermerhorn, CFP®

Jamie Usas, CFP®

Operations Manager

Amanda Friedman

Wealth Consultant

Andrew Chapman, CFP®

Operations Research Associate

Lauren Bliss

Office Coordinator

Saratoga Financial Services

18 Division Street, Suite 305

Saratoga Springs, NY 12866

Phone: (518) 584-2555

www.SaratogaRetire.com

Securities & advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC