Monthly Newsletter
December 2019
At ML&R Wealth Management , we want to ensure our clients are In The Know. In this month's newsletter we have a timely article on year-end financial planning tips, a video on year-end giving tips as well as a piece from Dimensional that explains that history shows there is no dependable way to rely on forecasts . We are a firm that understands that managing your assets is about more than money. It is about empowering your future. At ML&R Wealth Management, we focus on you.
Scott Adair , CFP® , Wealth Management Advisor

The holiday season is a special time of year when we get a chance to celebrate all that we have to be grateful for with family and friends. It is also an opportunity to reflect on the year as it comes to a close. Before we move into 2020, take time to review your finances and take action if necessary. Here are some suggested items to look at to help optimize your overall financial well-being.

Review your Financial Plan and Make Updates

Did you achieve any short-term goals that you can cross off the list? Do you have adequate cash reserves to cover unexpected costs? If you received a bonus from your employer, consider using the money to increase your emergency savings or, if possible, have the bonus deferred into your 401(k) account. Are you still on track to meet your long-term goals, like funding your retirement or saving for college expenses? It is important to ensure that your investments are appropriately aligned with your goals. If you are in your 20s or 30s, you can afford to be more aggressive in the stock market to meet your goals. As you get older and closer to retirement age you should consider moving to a more moderate to conservative investment allocation of stocks and bonds. The right asset blend for you will depend on your goals, age, and risk tolerance. Confirm that your investments still make sense for your goals.  Please contact us if you would like a second opinion .

Vanessa McElwrath, CFP® , Wealth Management Partner

As we approach the holidays and the end of the year, many people plan to make gifts during this season of personal giving. Year-end gifts also offer an opportunity to take advantage of tax deductions and encourage charitable planning for the year ahead. Whatever inspires your generosity this month, there are many gifting strategies that may be helpful for you. Advisor, Vanessa McElwrath recently sat down with KVUE to give some tips to make the most out of this season of giving.

History shows there’s no compelling or dependable way to forecast stock and bond movements. The year 2019 has been a case in point.

Financial Wellness Q&A
In this section we will address common personal finance questions. Email if you have a question you would like answered.

Question: I forgot to max out my IRA for 2019. Is the deadline to fund the account December 31 st?

Answer: No, you can contribute to your IRA for 2019 until April 15, 2020. If you have a SEP IRA and are filing a tax extension you can contribute until October 15, 2020.

ML&R Musings

“We find no evidence that inverted yield curves predict stocks will under-perform Treasury bills for forecast periods of one, two, three and five years.”

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About ML&R Wealth Management:
At ML&R Wealth Management, we take investing personally. Your ML&R Wealth Management advisor will work to develop a lasting relationship with you, keeping in touch to understand your changing goals and to provide an asset management strategy to help achieve them. Whenever you need sound financial advice, you have a direct line to a trusted advisor.

For over 20 years, we have served individuals, families, businesses, and nonprofits with wealth management services, custom retirement and 401(k) plans, and portfolio management.

We believe in accountability and transparency and operate as a fee-only advisor with fees calculated solely on assets under management.
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