Mastering Your Money | May 2024

Maycember is upon us!? It’s the time of the year when you are running hard to wrap up the school year with all the events at your kid’s/grandkid’s school, trying to finalize summer vacation plans and hit the links before the heat starts to rise too!

In the back of your mind, you are also thinking about financial planning. Maybe you want to buy a second home or retire early.? We are here if you are in need of some advice as a young professional or someone looking to expand your business.? At MDL we have the expertise and resources to guide you every step of the way, regardless of your personal or professional laundry list of financial planning thoughts. We will sit down with you and carefully analyze your current financial situation to create a personalized plan to help you reach your goals. We are to help you build a better future for yourself and your loved ones.

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Tailored Financial Solutions for Busy Professionals: Let MDL Simplify Your Financial Management

At MDL, we understand the complexities of managing a business alongside personal finances, especially for busy professionals like you. You are juggling business operations, employee needs, customer satisfaction, and planning for the future. It can be overwhelming. It leaves you little time for financial management.?

That's where we come in. We are dedicated to simplifying this process by creating a tailored financial plan that maximizes your results without sacrificing your valuable time. We focus on balancing immediate needs with long-term growth strategies, helping you enhance both your business and personal wealth. Let us take the financial management burden off your shoulders, so you can concentrate on what you do best - running your business. READ

April 2024 Market Report

Will April showers bring Summer Flowers?? Despite April jobs report showing hiring and wage growth slowing and unemployment unexpectedly rising, the overall economic data remains relatively strong and inflation stubbornly sticky.? Long-term Treasury bonds rose significantly in April.? Emerging markets continued to show positive gains.? The Year-over-Year US Producer Price Index came in at 2.09% - the first time it’s been over 2% since April of 2023. Learn more here: READ

Maximizing Social Security Benefits: Why Waiting Beyond 65 Can Pay Off

If you are approaching your 65th birthday (or know someone who is); and contemplating retirement, it's crucial to understand that you have not yet reached the full retirement age for Social Security benefits. Opting to collect benefits at this juncture will result in a reduction of your entitlements. To qualify for full benefits, you must wait until reaching the age of 66 and 10 months.?

Furthermore, considering your life expectancy, delaying the initiation of Social Security benefits beyond the full retirement age—potentially until age 70—could be financially advantageous. This strategic delay can significantly increase your monthly benefit amount, enhancing your financial security in later years.? Reach out to MDL to talk through it further.

To see your estimated benefit: READ

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Thank you for reading our newsletter.? We hope you find it packed with terrific information on financial planning.? If you missed March’s Market Report, READ HERE.

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 visit with you!