Mastering Your Money | October 2023

Later this month, monsters, goblins, Power Rangers and more might be pounding on your door.? In addition to Halloween, October is also Financial Planning Month.? But have no fear, none of these events are scary.? And the kids in costumes are just looking for candy anyway.?

Happy Financial Planning Month! ?In this “Mastering Your Market” newsletter, we offer five steps to assist you with your financial planning.? We also take a look back at the September Market Report and determine if you have the right kind of life insurance, in addition to providing you valuable insights and tips.

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October is Financial Planning Month

Trick or Treat?? Happy Halloween!? October is Financial Planning Month, too. With a number of holidays on the horizon as well as a new year, this is an ideal time to reflect back on your investments.? Strong financial planning is the cornerstone of financial success — it acts as a roadmap for your future, guiding you to your financial goals while improving your overall monetary performance.

Look at financial planning as the game plan for your long-term future.? Just like in any game, having a good strategy in place can significantly improve your chances of winning. From covering monthly bills to eliminating debt or achieving major financial goals, a comprehensive financial plan can make these tasks seem less daunting and more achievable.? Your financial well-being is our priority at MDL Wealth Management.? We are in it for the long game with you. READ MORE.

Follow MDL Wealth’s Five-Step Plan

Having a single savings account isn't enough. Plan to review your retirement savings during Financial Planning Month.? Here are five solid steps to help you get started or improve on the plan you currently have.? These steps hold true for someone new to the game, someone who is seasoned, or someone close to retirement who has spent decades planning.?

• Be motivated.? Do you need to open a vacation savings account or invest more monthly in your retirement account?
• Set goals.? What do you want to accomplish today, next year or in the next decade?? Every penny saved and every dollar earned has a role to play in achieving your goals.?
• Update your plan of action. A sound financial plan will strategically help you improve your wealth. Is it time to consider diversifying your investment portfolio?
• Set performance standards. By embracing your goals, you make sure your plan is flexible enough to accommodate life's unexpected twists and turns.? You might need to pivot from time to time.
• Embrace your financial situation. Each goal achieved is a testament to the effectiveness of your financial plan.? It will motivate you to continue on this path.

To get started, reach out to MDL Wealth Management today.? We are ready to help you with expert guidance.? Let’s start by talking about your financial goals and creating a personalized plan for a brighter financial future. READ MORE.

PPK | New Client Spotlight

MDL Wealth Management is proud to welcome PPK to the MDL Wealth family.? PPK is one of the Southeast's most decorated Independent Advertising and Production Agencies, including their work with the Florida Lottery.? PPK is located in downtown Tampa - you might recognize their iconic building above.? After our initial company-wide meeting with them, we are excited to begin one-on-one financial consultations with their employees in November. ?We look forward to working with Tom Kenney, the CEO, and Erin Gornall, the HR Officer.

The Key Developments | September Market Recap

On the bright side, for the second straight month, Energy continued to build steam in a positive direction in the U.S.? In addition, new single-family home sales continued to increase, to the tune of 8.7 percent. But, stocks declined in September, bringing equities into the red for Q3.? READ MORE.

Life Insurance Myths Debunked

• Do you really need life insurance?
• Is it too expensive?
• Isn't the coverage I receive at work enough?

Trust us, there are many common life insurance myths.? Let’s start with a few handy infographics to answer these questions and more. Once you’ve clicked through them, reach out to us to have a conversation.? This is one of our specialties.? READ MORE.

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Thank you for reading our newsletter.? 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!