Wright Money Tips

• Where to invest your next dollar
• The importance of having an emergency fund
• The benefits of paying off debt and high interest rate credit cards
• Taking advantage of employer match benefits for your 401(k)

·         How purchasing a home can impact your cash flow.

·         Why it’s important to have a clear picture of the expenses involved in purchasing a home.

·         Why renting may be a good option versus home ownership.

·         How your credit score can impact the type of mortgage you qualify for.

·         How a financial planner can help you integrate the purchase of a home into your overall financial and lifestyle plan.

• Charitable contribution and gift planning strategies
• Potential tax benefits
• How to make gift planning part of your financial or legacy plan
• How charitable contributions and gift planning can impact your favorite nonprofits

• The definition of an annuity and its benefits as a financial product
• The different types of annuities that are available
• How an annuity serves as a contractual guarantee
• How annuities can help generate future income in retirement
• Why consider an annuity as an investment option
• How working with a financial professional can help you with this investment option as part of your overall retirement plan

• The differences between a traditional IRA and Roth IRA
• The tax advantages of an IRA
• Converting your workplace retirement accounts
• How diversifying your portfolio can help you prepare for retirement
• The benefits of working with a financial professional

• Employer benefit packages
• Life insurance plans
• How changes to your income and impact your budget
• The fundamentals of financial planning

• The importance of naming beneficiaries.
• What happens if there are no beneficiaries listed.
• Why you should alert each beneficiary of being named on an account.
• Why it’s important to have updated contact information on file.
• Recommendations on how often you should update your beneficiary list.
• How beneficiaries work on your accounts relative to a Will or a Trust.

Here are just a handful of things that they will discuss:

• Age qualifications for required minimum distributions (RMD)
• Reduced penalties for a missed RMD payment
• Catch-up provisions for retirement savings
• Changes to 529 plans for college education
• Incentives for paying off student loans

• Age qualifications for required minimum distributions (RMD)
• Reduced penalties for a missed RMD payment
• Catch-up provisions for retirement savings
• Changes to 529 plans for college education
• Incentives for paying off student loans