Wealth Management Group, Inc.

03/21/2024

Do you know about Estate Planning? It can be helpful for everyone, learn more in this video.

Wealth Management Group, Inc.https://wmginc.co/937-877-1280You’ve worked so hard to build your net worth, but it could fall into a sinkhole if you don’t do e...

03/19/2024

Did you know that you can save for your kids college costs using 529 plans? WMG can help!

Wealth Management Group, Inc.https://wmginc.co/937-877-1280One way to plan for your children’s college education is through a 529 plan, which is an education...

03/15/2024

Quick tips on how to manage your credit score

Wealth Management Group, Inc.https://wmginc.co/937-877-1280You may be thinking about making a big purchase in the next few years, like a house or a car. If y...

03/06/2024

Do you need life insurance?

Wealth Management Group, Inc.https://wmginc.co/937-877-1280Most people start to think about life insurance once they’ve married and had children. That’s beca...

02/28/2024

Please join us in welcoming Richard King to WMG! Richard’s passion lies in providing comprehensive financial planning. He is serving the Austin area. We are excited to have him on the team!

Visit our website to learn more about Richard's services and contact him: https://wmginc.co/richard-c-king/

02/26/2024

Watch this video to learn more about WMG

Wealth Management Group, Inc.https://wmginc.co/937-877-1280Whether you’re ready for retirement now or it’s years away, planning for your financial future can...

02/23/2024

Watch this short video to learn about 5 common mistakes to avoid in retirement

Wealth Management Group, Inc.https://wmginc.co/937-877-1280You’ve been saving for your retirement for decades. Don’t undermine your own plans by making these...

01/26/2024

There are more ways to save for retirement than you may know about. Here are a few common retirement saving accounts explained.

01/24/2024

Are you aware of the benefits of maxing out your Roth IRA? Here are some facts:

-Roth IRAs are different from 401(k)s and traditional IRAs
-You make after-tax contributions (no tax deductions)
-Once you reach age 59.5 you can withdraw your assets tax- and penalty-free
-Withdrawals before age 59.5 are subject to income taxes and 10% penalty
-If you've had a Roth IRA for less than five years, some situations may allow you to avoid the 10% penalty but not income taxes (example: higher education expenses)
-If you've had a Roth IRA for more than five years or more, you may be able to avoid both income taxes and 10% penalty (example: first-time home purchase, up to $10,000)
-Unlike many other retirement accounts, Roth IRAs do not have required minimum distributions or RMDs (exception: certain inherited Roth IRAs require RMDs)

Ready to open a Roth IRA and start contributing? Let WMG help you on your financial journey: https://forms.office.com/r/SyqFXFDX2M

01/08/2024

Are you ready to find your path to financial freedom? WMG is here to help you on your journey.

Fill out this form and we will connect you with an advisor: https://forms.office.com/r/SyqFXFDX2M

Prefer to chat with a real person immediately? Call an advisor: 937-877-1280

01/06/2024

We often use the new year to get ourselves into better physical shape. What about your finances?

Here are 5 tips to help you get your finances into shape:

1 - Gather your data: Add up what you own (assets) and then subtract them from what you owe (liabilities), this will show whether your net worth is a plus or minus. This will be your benchmark and you can use it each month to take stock.

2 - Set your goals and prioritize: What are your goals this year? Save more, payoff debt, start saving for your kids college?

3 - Optimize your day-to-day: help yourself by automating as much of your bill paying as possible. Use auto-pay for recurring bills. Consider automatic deposits to savings and retirement accounts.

4 - Spend mindfully: Create your monthly budget, with your goals in mind. Use your net worth each month to determine if you are on track.

5 - Review your benefits: Could you get better insurance coverage through a spouse’s plan? Could you contribute more to your company 401K plan and get more matched by your employer?

It’s a good idea to regularly review these with the professionals you work with - your financial advisor, accountant and attorney - to ensure you have not left anything on the table.

01/04/2024