Blackwater Wealth Management

Blackwater Wealth Management Money is complicated. We make it simple. No offers may be made or accepted from any resident of any other state.

At Blackwater Wealth, we help families & business owners build custom portfolios, plan smarter, and worry less. 30 years of experience, always with your goals at the center. Saturday hours by appointment

Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC finra.org sipc.org.
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he views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.
• The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.

08/31/2026

Sometimes good economic news isn’t necessarily good news for interest rates.

That could be the story Friday.

The Fed held rates steady at its last meeting, but three members voted for a ¼-point increase. Inflation remains above the Fed’s 2% target, while recent employment data has shown signs of weakening.

That puts Friday’s jobs report right in the middle of the Fed debate.

A stronger labor market could give the Fed more room to raise rates.

Another weak report could make a September hike much harder to justify.

I’ll be watching:

• Payroll growth
• Unemployment
• Revisions to previous months

The Fed meets September 15–16.

The report matters. Your long-term investment plan should matter more.

Stay steady.

FinancialPlanning WealthManagement

08/26/2026

NVIDIA reports earnings tonight.

The options market is currently pricing roughly a 5.4% move in either direction after the report.

That sounds substantial, but NVDA has averaged about a 7.4% post-earnings move over its last 12 reports.

Interesting part?

The market is actually pricing a relatively quiet reaction by NVIDIA standards.

Options aren’t telling us whether the stock will rise or fall. They’re telling us how much movement traders are expecting.

And after earnings, the question often isn’t simply whether the numbers were good.

It’s whether they were good enough relative to expectations.

Stay steady.

Options EarningsSeason InvestorEducation WealthManagement

08/24/2026

A large IRA is a great asset.

But without a distribution strategy, it can also create future tax problems.

RMDs, Medicare premiums, surviving-spouse tax brackets and inherited IRA rules can all come into play.

The point isn’t to avoid taxes entirely.

It’s to be intentional about when and how you pay them.

Stay steady.

FinancialPlanning WealthManagement RetirementIncome

08/18/2026

Your teenager may already be spending money on gas, food, clothes and everything else that somehow costs twice what it did five minutes ago.

That can also be a good time to start teaching them how credit works.

Adding them as an authorized user on a responsibly managed credit card may help them begin establishing credit history.

Just remember: the credit-building piece is only half the job.

Teach them to:
• Pay on time
• Understand the statement balance
• Avoid carrying unnecessary debt
• Treat credit as a tool, not extra income

The goal is to send them off to college with some experience, not just a piece of plastic.

Stay steady.

PersonalFinance

90 minutes. Four people. A noticeable difference.Another Universal Drive cleanup is in the books!A big thank you to Bruc...
08/15/2026

90 minutes. Four people. A noticeable difference.

Another Universal Drive cleanup is in the books!

A big thank you to Bruce Kleffke, Kevin Lennon Sr. And Ulli Kopylec for giving up part of their Saturday morning to help. With just four of us, we were able to tackle another stretch of Universal Drive and clean up quite a bit of litter in about 90 minutes.

It’s always amazing what a few people and a little time can accomplish.

And a special thank you to Michael Russell manager at BJ's Wholesale Club North Haven, who stopped by with drinks, fruit and plenty of snacks for the crew. It was very much appreciated!

Universal Drive looks a little better today than it did yesterday.

That’s a win in my book. 👍

08/12/2026

Inflation came in relatively tame this morning, and markets liked it.

That doesn’t mean the inflation story is over or that we know exactly what the Fed will do next.

It does mean one of the market’s bigger concerns didn’t get worse today.

Markets move on changing expectations, often long before the headlines start feeling comfortable.

Stay steady.

FinancialPlanning RetirementPlanning

08/03/2026

A client called me this morning after attending a retirement seminar.

She came away believing her required minimum distribution could be used for a Roth conversion.

It cannot.

An RMD is not eligible to be rolled over or converted into a Roth IRA. It must be distributed first. (IRS⁠)

Once the full RMD has been satisfied for the year, however, additional traditional IRA money may still be converted to a Roth.

You may be able to do both in the same year.

Same year. Different dollars.

Before completing a conversion, consider the impact on your tax bracket, Medicare premiums and overall financial plan.

Stay steady.

FinancialPlanning WealthManagement

07/24/2026

Markets change.

Headlines change.

Human nature doesn’t.

Greed convinces us to chase what’s already gone up.

Fear convinces us to give up after prices fall.

Neither emotion belongs in the driver’s seat.

The recent SpaceX IPO is simply another reminder that successful investing isn’t about predicting every move.

It’s about having a plan before your emotions try to make one for you.

Stay steady.

07/22/2026

Google reports earnings today.

By this afternoon, thousands of people will tell you exactly what it means.

Buy.

Sell.

Panic.

Celebrate.

Here’s what I’ve learned…

I’ve never seen one earnings report make or break someone’s retirement.

I have seen investors hurt themselves by reacting to them.

If you have a diversified portfolio and a solid financial plan, today’s headlines probably don’t change either one.

The news changes every day.

Your plan shouldn’t.

Stay steady.

Address

116 Washington Avenue 2nd FL
North Haven, CT
06473

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Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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