Brady Family Wealth, LLC

Remembering and honoring the lives lost on 9/11. Today, we reflect on the resilience, courage, and unity that emerged from tragedy. Never forget.

In this must-see webinar, you will learn key takeaways such as: - Moving into retirement brings lots of great opportunities and often some challenges. This webinar covers the key issues that women often must face and offers tips to deal with them. - While retirement can be wonderful, many quickly realize that golfing and travel are not as fulfilling as they expected. - Without focusing on the social, mental, emotional, and physical attributes, many retirees may find the post-career phase of their lives unfulfilling. Click here to register for the event: https://heyor.ca/lqYHuz

There are more 401K millionaires in the history of our country than any other period of time. That's great news and should be celebrated. However, you might need more than just putting money aside into a 401K. A couple thoughts: -Are you contributing to an IRA? This can boost your effort to save more in the future. -Some companies financially incentivize you participate in a Health Savings Account. Your medical expenses will cost you more every year when you quit working. -Don't sleep on having a taxable account. The aforementioned account types limit you on how much money you can put into them. Taxable accounts have none. Having a $1mm 401K is nice and may work out for many people. For others, it isn't enough. When was the last time you ran the numbers on how much you need to enter the next phase of your life?

Have you thought about your retirement lately? Here’s why you should: Medical professionals often start their careers later than other fields due to extensive schooling and training. This delay can make saving for retirement even more critical. Here are some tips to work towards a comfortable future: 1?? Start Early, Save More: Even if you're just starting your residency, begin contributing to a retirement account. Compounding interest works best with time, so the earlier you start, the more you can benefit. 2?? Maximize Contributions: Take advantage of retirement accounts like 401(k)s and IRAs. If your employer offers a match, make sure you're contributing enough to get the full benefit—it's essentially free money! 3?? Diversify Investments: Don’t put all your eggs in one basket. Spread your investments across different asset classes to manage risk and increase potential returns. 4?? Professional Advice: Consult with a financial advisor who understands the unique financial landscape of medical professionals. They can help tailor a retirement plan specific to your needs and goals. 5?? Plan for the Unexpected: Ensure you have adequate insurance coverage and an emergency fund. Life is unpredictable, and having a safety net is crucial.

Discussing your finances with friends and family benefits both you and your loved ones, bringing the often-ignored topic of financial literacy to the forefront. It doesn't mean you have to get overly specific, divulging income or net worth, but talking more generally about your financial fears and aspirations can be incredibly empowering.

Investing inherently involves a trade off, setting aside funds now so that you'll have them for later. But what's the right balance between saving and spending? There's no simple answer, but we have these discussions often and are happy to offer our perspective.

Navigating financial advice can be overwhelming due to countless strategies from various sources. Remember, not all advice fits your unique situation. The right financial plan is tailored around your income, expenses, debt, savings, and long-term goals.

This is your reminder that we are here to answer your financial questions, no matter how big or small they might be. Click the link to schedule a meeting with someone from our team: https://lnkd.in/gFezxDz2

Life is unpredictable, but your finances don’t have to be. Whether it’s an unexpected car repair, a medical emergency, or sudden job loss, having an emergency fund can make all the difference. When you’re ready to start building yours, we'll be here to help you every step of the way. Ask us how we can help!

Another successful webinar is in the books! I'd like to give a huge thank you to Amy Florian for sharing a compelling perspective on Dementia and elder abuse. Some of the key points included: -How to communicate with a loved one who has Dementia (this was a personal favorite) -The signs and symptoms of Dementia -No one is immune to it, but there are certainly productive ways to lower your risk -The latest financial scams in elder abuse, fraud, and exploitation and where to report them (1 out of 44 elder abuse cases are actually reported) On behalf of Brady Family Wealth, LLC thank you for devoting your time and effort to our attendees and clients! This was a very thought-provoking and powerful presentation. We look forward to hosting you again! Tom Brady, CFA, CFP?