Mundorf Wealth Management

5 Investing Mistakes You May be Making Right Now Investing can?seem complex and confusing, and you may wonder whether you're doing all you can to achieve your goals. In this video, Erin Kennedy and I talk through 5 mistakes you might be making and how to turn things around. Here are those mistakes: 1. Getting out when the going gets tough 2. Taking on too much (or too little) risk 3. Not rebalancing your portfolio regularly 4. Paying too much in taxes 5. Not seeking professional advice As for that last mistake, ask yourself: Do I have the skills to do this? Do I have the time to do this? And, maybe most importantly, do I want to do this? If the answer is 'no' to any or all of those, it may be worth asking for some advice. If you'd like a second opinion on your plan, or to find out if you're on track, feel free to reach out to me.?Just text or call 830-476-2505, or book a free chat by visiting www.LongLiveMyMoney.com #WealthManagement #Investing #InvestingMistakes #FinancialAdvisor #FinancialPlanning #Retirement #Taxes

4 Reasons Your?Taxes may be HIGHER in Retirement Many people assume their?taxes?will be lower in retirement, but that’s not always the case. In fact, as I explain to Erin Kennedy, there are 4 good reasons your?taxes might being?higher?in retirement: 1. You won't be spending less: if you need the same amount of money to enjoy your retirement, you'll be in the same?tax?bracket when you're not working. 2. Tax?rates are set to increase: many financial experts believe that the?Tax?Cuts and Jobs Act of 2017 reduced federal income?tax?rates to the lowest level they may ever be. And those cuts are set to expire at the end of 2025. 3. RMDs: Required Minimum Distributions can push you into a?higher?tax?bracket. ? 4. Government debt: our nation's debt stands at $36 Trillion dollars! The government has two options to make up that deficit, reduce spending or increase revenue, i.e. raise?taxes. Without proper planning,?taxes?may be one of your biggest expenses in retirement. To create a strategic?tax?plan that minimizes your?taxes, please reach out to Dustin.?Just text or call 830-476-2505, or book a free chat by visiting www.LongLiveMyMoney.com #Taxes?#TaxPlanning #WealthManagement #FinancialAdvisor

Count Your Blessings!

In this month’s Visual Insights Newsletter we go over 3 investment myths that are commonly believed to drive long-term returns. Learn which investment distractions to avoid in this quick read - check it out!

As a long-term investor, you’re always thinking about what factors drive your investment returns. Unfortunately, many investors focus on things that actually have no impact on long-term market returns. Learn what DOESN’T drive long-term returns in this month’s Visual Insights Newsletter.

3 Strategies to Retire with Confidence ? A recent survey by AARP?found that many Americans over 50 don't feel confident about their finances. However, if you follow these 3 specific strategies, as I explain?to Erin Kennedy, you will certainly feel more in control, and you'll be setting yourself?up for a financially happy retirement. Here's a look at those three strategies: ? 1. Utilize the Bucket Strategy: segment your money based on time horizon which will allow you to grow your savings while still paying the bills ? 2. Consider Semi-Retirement: According to data from the Bureau of Labor Statistics, the number of people 75 and older who are still working is expected to grow by 96% by 2030 ? 3. Have a Plan (crunch the numbers): only 42 % of people have ever calculated what they'll need to live on in retirement. First step, make a budget. Then, create a plan that allows you fund your ideal retirement ? If you have any questions about how to finance your retirement to make sure you don't outlive your money, feel free to reach out to me.?Just text or call 830-476-2505, or book a free chat by visiting www.LongLiveMyMoney.com #Retirement #WealthManagement #FinancialPlan #FinancialAdvisor

Investing myths can cloud judgment. Our latest Visual Insights Newsletter examines popular ”investment factors,” exploring which may influence long-term returns. Curious? Check it out now!