IN THE KNOW
Monthly Newsletter
January 2019
At ML&R Wealth Management , we want to ensure our clients are In The Know. In this month's newsletter we have timely articles on reaching your financial goals, investing in volatile times and reviewing the 2018 market. At ML&R Wealth Management, we take investing personally. We are a firm that understands that managing your assets is about more than money. It’s about empowering your future. At ML&R Wealth Management, we focus on you.
2019's Guide to Achieving Your Financial Goals
Matt Center , Wealth Management Associate

For many of us, the New Year can bring in a fresh sense of purpose that compels us to set specific goals for ourselves. Just like every other goal in life, financial goals require a systematic plan and a certain level of discipline.

Financial goals often fall into two main categories: short term and long term. Generally, these two categories are equally important to overall financial health, though short term goals may require more immediate attention. For purposes of achieving goals for the year, it might be helpful to separate them into different “buckets”, making sure each bucket gets funded with a desired amount of cash by the end of the year. A general tip when attempting to fill all of these buckets, whether long or short term, is setting a budget and not letting your lifestyle increase at the same rate of your annual pay increases. Instead, divert a portion of that raise into your emergency fund, 401(k), or college savings account. In the same spirit, do not treat a bonus or financial windfall like spending money. Use it for enjoyment and your lifestyle, but save a significant portion to fill whichever bucket needs it the most. 

Investing for the Long Term Amid Stock Market Volatility

When faced with stock market volatility, it’s critical to take the long view. We help keep things in perspective with a look at why disciplined investors have been rewarded for their patience during wild swings in the market. 

2018 Market Review

The year 2018 is over, and what is most interesting is how different it was from the previous year 2017. This is a good reminder that every year is different, and 2019 will not necessarily follow the negative and volatile 2018. Our “Year-In-Review” features major headlines, performance data for world indices, and a market perspective for 2018. 

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

Question: What is the maximum amount I can contribute to a 529 account in 2019?

Answer: This amount is subject to the state that is sponsoring the plan, however, you also want to adhere to the gift tax limits imposed by the IRS. For 2019, individuals can give up to $15,000 per beneficiary, and married couples can give up to $30,000. You can also opt to make a gift up to the 5-year election amount of $75,000 ($150,000 for married couples) without gift-tax consequences. A large lump-sum gift into a 529 account is a great way to jump start a child’s college savings and take advantage of the effect of compounding interest. This can also be a great estate-tax planning strategy for parents and grandparents as you are able to shelter a large amount of assets from estate taxes, while retaining control of the funds in the 529 account.
ML&R Wealth Management News

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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-o nly advisor with fees calculated solely on assets under management.
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