Mastering Your Money | March 2024

We won’t bury the lead - February’s Market Report showed a lot of promise as the The Dow Jones Industrial Average, the NASDAQ, and the S&P 500 all reached record highs!? Scroll down to read more about it as we enter March Madness.

Whether you are looking to retire early, buy a home, or start a business, we have the expertise and resources to guide you every step of the way. Our team of experienced financial advisors carefully analyzes your current financial situation to create a personalized plan to help you reach your goals. We are not only focused on the present, but also on securing a better future for yourself and your loved ones.?

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The Key Developments | February 2024 Market Report?

The Dow Jones Industrial Average, the NASDAQ, and the S&P 500 all reached record highs in February with the S&P 500 reaching a new milestone.? It crossed the 5000 level for the first time.? READ

Other highlights included:

• The European Stoxx 600 reached a record high.
• Japan’s Nikkei 225 joined in surpassing the 39000 level for a new record high.??For the Nikkei 225, this is the first record high since 1989.
• Core inflation has gradually decelerated over the last 10 months.?

ICYMI: READ January 2024’s Market Recap

Save For the Future | Roth IRAs for Kids

Saving for the future, including your children who work for your business as well? Managing money for the next generation has gained considerable attention in recent years.? One often overlooked choice is including a Roth individual retirement account (IRA) as part of their compensation, a strategy that offers the potential to benefit both the children and the business.? Unlike in traditional IRAs, contributions to a Roth IRA are not tax deductible, as their advantage lies in the tax-free growth potential and tax-free withdrawals in retirement.

It’s Tax Time!

It’s not what you earn, it’s what you keep.? Although we cannot advise you regarding taxes, with your permission we will partner with your tax advisor.? Discover more about our MDL Team: READ

Please note: MDL Wealth Management and LPL Financial do not provide legal advice or tax services.? Please consult your legal advisor or tax advisor regarding your specific situation.

Planning Ahead To Have It All

Can you have it all?? We can help you plan for it! Creating a financial plan is crucial whether you are saving for your children's college education or planning for a dream vacation. It is important to evaluate your current financial situation and set specific goals to achieve your desired outcome. By creating a detailed financial plan, you can ensure that you are well-prepared for both your children's education and a memorable vacation. READ

Estate Planning is NOT just for the Wealthy

We assist clients in developing estate strategies with a primary goal of minimizing estate tax and maximizing the wealth passed to future generations. We want to give you control over how you accumulate, enjoy and distribute your wealth.? Learn more in our section about Advanced Planning Strategies: READ

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Thank you for reading our newsletter, packed with terrific information on financial planning.? If you missed January’s Newsletter, READ MORE.?

If you have a topic you’d like to see us cover, please leave us a comment.? Or give us a call or stop by our offices off Dale Mabry in Carrollwood. We’d love to hear from you!