A Month to Catch Up

August has a slower rhythm to it. The big summer plans are mostly behind you, the fall calendar hasn’t filled in yet, and there’s a rare stretch where things feel a little quieter. It’s easy to coast through it. But this is one of the better times all year to look at your finances, precisely because nothing is forcing you to.

Once the year starts winding down, a lot of decisions tend to pile up at once, and many of them come with a December deadline. Handling them in a calm month is a very different experience than scrambling through them at the end of the year.

You don’t have to do anything drastic right now. A single afternoon spent reviewing where things stand can take a lot of pressure off the months ahead.

Spotlight

Last month, our team swapped spreadsheets and Zoom calls for bowling lanes. We spent the afternoon together over lunch and a little friendly competition (good thing bowling isn't our full-time job).

Moments like these are a good reminder that it's okay to step away from our desks for a bit to connect outside the office and reset. The work will still be there tomorrow, but afternoons like this one don't come around as often.

Video

When the market experiences sudden ups and downs, it’s completely natural to feel tempted to pull the plug or pause your strategy. However, reacting to short-term volatility can often turn temporary market pullbacks into permanent losses.

In this video, we discuss why a well-diversified financial plan is designed to handle these exact fluctuations. At Weave Wealth Partners, our systematic process builds portfolios engineered to outlast market cycles, helping you stay invested through the volatility so you don't miss out on the strongest recovery days.

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Articles

What to Do When the Stock Market Drops

When the stock market drops, the instinct is to act: sell before things get worse, sit in cash until conditions stabilize, and buy back in when the dust settles. It feels logical, but it almost never works out that way.

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Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Stratos Wealth Partners, a registered investment advisor. Stratos Wealth Partners and Weave Wealth Partners are separate entities from LPL Financial.

*All investing involves risk including loss of principal. No strategy assures success or protects against loss. Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.

A Roth IRA conversion - sometimes called a backdoor Roth strategy - is a way to contribute to a Roth IRA when income exceeds standard limits. The converted amount is treated as taxable income and may affect your tax bracket. Federal, state, and local taxes may apply. If you're required to take a minimum distribution in the year of conversion, it must be completed before converting.

To qualify for tax-free withdrawals, you must generally be age 59½ and hold the converted funds in the Roth IRA for at least five years. Each conversion has its own five-year period, and early withdrawals may be subject to a 10% penalty unless an exception applies. Income limits still apply for future direct Roth IRA contributions.

This material is for informational purposes only and does not constitute tax, legal, or investment advice. Please consult a qualified tax professional regarding your individual circumstances.