Mastering Your Money | September 2023

Thank you for joining us for the second edition of Mastering Your Money! By now, most of you have settled comfortably into your back-to-school routines, with thoughts of Halloween candy already tempting your taste buds. As we approach the end of the year, interspersed with two holiday breaks, let's take a moment to reflect and plan ahead. In this newsletter, we will take a look back at the August Market Report and determine if you are squirreling enough away every month for retirement, as well as providing you valuable insights and tips. Keep reading and stay connected.? And please take a second to subscribe to our newsletter today.

The Key Developments | August's Market Recap

The August Market Recap is good news/bad news.? Let’s go with the good news first.? The NASDAQ is still up 34.1% in 2023, the S&P 500 is 17.4% higher and the Dow has risen 4.8%. Stocks took a breather in August as the S&P 500 fell 1.6%, the Dow Jones Industrial Average slipped 2.0%, and the NASDAQ ended 2.1% lower. But even that dip hasn’t subtracted too much from the pleasantness of this year’s year-to-date major US indicators.? READ MORE

Navigating Through Florida's Prepaid College Schemes | Your Guide to Affordable Higher Education

It takes a lot for Gator and Seminole fans to agree on anything, especially during football season.? But we can all agree about one thing: 529 plans are the smartest way to save for college. If you have kids or are planning on it, now is the time to start saving for their college funds.? Start by looking over the Florida Prepaid website, making a few notes, and then reaching out to us.? We are here to help you make the right choices. (Hint: Go Gators!)? READ MORE

How Much Should You Save Each Month for Retirement? | Balancing Your Budget

Say you are in your early 40s and thoughts have started to pop into your head about retirement.? You wonder from time to time, ‘How many more years do I have to work?’.? Let’s be honest – those of you in your 30s and 50s are probably having some of these same thoughts too. Before you can put a pin in what year you’ll be retiring, you need to ask yourself a few questions.

1. How much have you already saved?
2. What will you get in terms of social security?
3. What year will you start pulling from your retirement and/or social security?
4. Are you squirreling enough away into your savings and/or retirement accounts monthly?

This is where we come in at MDL Wealth Management.? We can sit down and run the numbers with you.? So whether you are just getting started or are already waist-high in retirement savings, we’re here to help.? Let’s get started today. READ MORE.

Planning Ahead For the Future | Family is Everything

As your family grows and encounters many of life’s ups and downs, MDL is here to help you achieve the needs of today while reaching goals of the future. We are here to guide you through major life events and milestones.? Whether you are planning a blowout vacation for the holidays, just catching your breath as you send the kids off to college or thinking about buying your first home – we are here to consult with you.

We understand family financial conversations can be tough. Let’s focus on growing and preserving your wealth so you are free to focus on the most important things in your life: the people in it. Let’s get to work together. 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!