Legacy Point Wealth Team at William Joseph Capital Management, Inc.

???Exciting Announcement!??? Bolmgren Retireplan and William Joseph Capital Management are merging!????This powerful alliance combines our expertise in retirement planning and investment advisory. Justin Bolmgren will be joining William Joseph's team but will keep serving clients under the Bolmgren Retireplan brand. Stay tuned for more as we complete the merger in Q1 2024!??? #RIA #FinancialServices #FutureGrowth https://lnkd.in/eXs6Y3KD

??A new Treasury report reveals a stark reality in home insurance: premiums in high-risk areas are averaging $2,321 - that's 82% higher than in lower-risk regions. With 84 billion-dollar disasters causing $609B in damages from 2018-2022, insurance costs are outpacing inflation by 8.7%. From California's wildfires to Florida's hurricanes, these events are reshaping insurance accessibility nationwide. The Southeast is seeing 20% more claims than average, while the Southwest faces nonrenewal rates 23.5% above the national average. Understanding your property's risk profile and insurance coverage has never been more crucial. If you own a home or are planning to buy one, now's the time to review your policy details, coverage limits, and potential vulnerabilities. These shifting patterns affect not just insurance costs but overall property ownership strategies. ?? #RealEstate #PropertyMarket #RiskManagement #HomeOwnership Source: https://lnkd.in/eQ2aS7EE

?? The current mortgage rate landscape shows significant changes from recent months. According to Freddie Mac, the average 30-year rate currently sits near 7%, marking a shift from early September's 6.08%. Many factors influence these rates, including economic indicators like inflation trends, employment reports, and Treasury yields. The Federal Reserve considers these various data points when making policy decisions. While market observers and economists study these trends closely, remember that individual circumstances and market conditions can vary significantly. #HousingMarket #Mortgages #Economics Source: https://lnkd.in/eWtvs5Mn

?? History often offers valuable lessons for today's economic challenges. The Smoot-Hawley Tariff of 1930 shaped economic policy for generations: Then vs. Now: ??? 1930: Tariffs on 25% of U.S. imports ?? 2025: New global trade tensions emerge ?? 1930: 35 nations protested U.S. policy ?? 2025: Multiple trade partners signal retaliation ?? 1930: Global trade collapsed ?? 2025: Economists project 0.4% GDP impact Key takeaway: As one economist notes, "The global economy is like an intricately choreographed dance. Tariffs are just throwing a wrench in that dance." Want to discuss how global trade developments might affect your financial strategy? Let's connect. #GlobalTrade #Economics #MarketInsights Source: https://lnkd.in/dYrgEB5D

The New York Life Wealth Watch survey reveals some eye-opening statistics about the "Great Wealth Transfer." On average, adults who expect to receive an inheritance anticipate a value of $738,724.23. However, 58% of them anticipate inflation to impact the value significantly. It's essential to have a strategy in place to manage your inheritance. #PreservingWealth #InflationImpact Source: NewYorkLife.com, July 19, 2023

Did you know that not all individuals inheriting wealth are confident in managing their newfound funds? Only 42% of adults expecting an inheritance feel very comfortable financially handling it. Furthermore, inflation is expected to have a medium-to-large impact on the sum inherited by 58% of adults. It's crucial to prepare and consider seeking guidance to make the most of your inheritance. #InheritancePreparation #FinancialConfidence Source: NewYorkLife.com, July 19, 2023

In the ever-changing landscape of financial news, it's easy to be swayed by sensational headlines and the emotional rollercoaster they can induce. This brief video featuring Zoe Brunson, Chief Investment Strategist with AssetMark, offers a calming perspective on maintaining a steady investment course despite unsettling news. It emphasizes the significance of a disciplined, unemotional approach to investing, helping to make informed decisions even in the face of market volatility. https://lnkd.in/ggAiTQYQ