Finding the Sweet Spot in Your Financial Plan - January 11, 2023
Equilibrium Wealth Advisors
Wealth Management firm serving physicians, retirees, corporate leaders, and business owners.
Finding the sweet spot in your finances is striking the balance between the many paradoxes that come with success:
A good financial plan can help you navigate and calibrate your life by design which we define as living stress free now and looking back with no regrets later.
In This Issue You Will Find...
I. Market Commentary
II. Top 3 Weekly Picks
III. Weekly Blog
IV. Weekly Podcast
Market Commentary
The Markets
And we’re off…to a slow start.?
Last week, investors appeared to suffer from a New Year’s hangover. The culprit was too much optimism.?
After its December meeting, with inflation easing and the U.S. economy remaining resilient, the United States Federal Reserve (Fed) indicated that three rate cuts were possible in 2024. Assuming the Fed drops rates by 0.25 percentage points each time, the effective federal funds rate would fall by 0.75 percentage points to about 4.5 percent by the end of this year.
EWA's Weekly Picks
The IRS Provides Tax Inflation Adjustments for Tax-Year 2024.
What We're Learning:?Big Magic: Creative Living Beyond Fear
By: Elizabeth Gilbert
Embrace your curiosity and release needless agonizing over imperfections. We are all inherently creative, so take the step toward creating a life filled with big magic.
领英推荐
Team Takeaways:
1. Pay attention to and nurture creative ideas.
2. Make time to be creative whenever and however you can. There is never a "perfect" time.
3. Don't obsess over whether its good enough. Just do.
4. Give time to anything that interests you - follow your curiosity.
Weekly Blog
Married couples are faced with the decision of whether to file their federal tax returns jointly or separately, and this choice can have significant financial implications. While the Internal Revenue Service (IRS) generally encourages couples to file jointly, there are specific situations where filing separately might be a more advantageous financial strategy.
In this blog post, we will explore several scenarios where it makes sense to file taxes jointly and where it makes sense to file taxes separately, focusing solely on the financial aspects of this decision.
FIN-LYT by EWA Podcast
In this episode of FIN LYT by EWA, Matt Blocki and Jamison Smith dive into the critical topic of cybersecurity. As the digital landscape evolves, so do the threats to our personal and financial information. Matt and Jamison offer insights and advice on how individuals can safeguard themselves proactively and reactively in the digital age.
They discuss the alarming prevalence of cyberattacks in organizations, particularly during the pandemic and stress the importance of staying vigilant and proactive in the face of these threats.
Topics include:
1. Risks of using public Wi-Fi networks and the benefits of personal hotspots
2. The importance of strong, unique passwords with two-factor authentication
3. Recognizing and thwarting phishing attempts
4. Setting up recovery mechanisms for email accounts
5. Cybersecurity insurance programs
And more!
This episode underscores the urgency of being proactive in safeguarding your financial accounts and promptly addressing any security breaches. It also stresses the importance of making informed choices when selecting financial advisors and custodians. with robust cybersecurity measures in place.