Ruffalo Wealth Management

Ruffalo Wealth Management Independent financial planning & investment management firm. We take the INFINITE, and make it FINITE.

05/31/2025

It may take 20 years to accumulate $335,000 in your 401k but guess what????

Get excited, because If you continue to
Max fund at $23,500 per year and earn a hypothetical 7% on your investments it will take only half that time to reach $1,000,000!

In just 10 more years, you should have $1,000,000 saved….not too shabby.

Whats worse than an 80 year old parent dying⚰️ without a📝will and having 3 adult children in 3 different states? Answer:...
05/08/2025

Whats worse than an 80 year old parent dying⚰️ without a📝will and having 3 adult children in 3 different states?

Answer: Being diagnosed with Alzheimers, having 3 adult children living in 3 different states, and none of them have a durable power of attorney in place.

Death is easier for the adult children than a parent living with incapacity.

This is what finance looks like in the real 🌎world.

A Financial Advisor's job is to solve problems you didn't even know you had.

03/29/2025

I was chatting with a pretty successful retired 80 year old at a 🥳cocktail party.

He knows I manage money & plan retirement for several of the people there.
The subject turns to 📊finances and stock market.

He volunteers this nugget...."my biggest mistake was moving out of stocks in 2008 after losing 40%"--"we moved most of it to bonds and never moved it back into stocks, boy was that a screw up" 🤦🏻‍♂️

Me: Hindsight is always 20/20. I wouldn't beat yourself up. You made a decision during the worst time in the financial history of the country. We were about 3-5 days away from ATMS not working. Most people don't realize our entire 🏢banking system was on the verge of collapse.
You were 63 at the time, transitioning to retirement, and didn't want to blow it. I completely understand and the fear.

To the 60 year olds approaching retirement:

The burden 🏋️‍♀️of making these decisions is tremendous.

There is help available.
The investment and planning profession offers significantly better help today, than it did 20 years ago.

Do NOT attempt this 🫨alone.

03/25/2025

Age 65-73 is the promised 🏞️land God spoke of to Abraham.....

This is 🥩prime tax planning and cash flow time.

Its the tax bracket & cash flow 💛Goldilocks zone.

✅No more healthcare premiums
✅No qualified plan RMDs
✅Social Security FRA
✅Mortgage free
✅No college tuition or weddings to pay for
✅No F**A tax
✅No more "saving" for retirement
✅Deferred compensation drops
✅Pension income turns on
✅Penalty free access to 401k, 403b, 457, IRAs
✅Potential 0% cap gains brackets

Was working with a retired executive couple yesterday. During their working career they were in the 35% federal bracket, 4.75% state, and paid 7.65% in F**A & 20% LTCG rates +3.8% NII bonus Obama tax.

In 2024, they had $211,000 in income and paid an effective federal rate of 9.7%.

Thats a HUGE win.

They have half the income from their working years BUT almost the same net spendable dollars.

Lets turn some 💧water in 🍷wine and keep this 🥳party going.

Here is one of my favorite, easy to use, resources to help project future college costs for South Carolina schools. The ...
03/25/2025

Here is one of my favorite, easy to use, resources to help project future college costs for South Carolina schools.

The average cost of South Carolina in state tuition, room & board, miscl fees in 2024-2025 is $25,000.

If you have a 5 year old, that total cost adjusted for 4% annual inflation in 13 years will be approximately $176,000.

This report details lump sum, annual, or monthly contribution rates in order to fund your target % of colleges you’d like to pay for your children.

For more information go to
https://futurescholar.com/

03/01/2024

My first 👴🏻boss told me I would be a Millionaire by age 60 if I just put in $14,000/yr to my 401k. He was wrong🚭
Its way sooner.....

I didn't even know what a 401k was and couldn't understand how that would happen.

Looking back, I now understand how most non-financial people feel. The numbers seem unbelievable....

07/11/2023

How much is TOO much in one stock?

We take you through an exercise we use with clients.

07/11/2023

Here is what we do in a nutshell for folks approaching or in retirement.
Retirement is defined as actively drawing down on your accumulated investments.

From LPL’s Chief Economist after todays Fed meeting.
05/03/2023

From LPL’s Chief Economist after todays Fed meeting.

Address

Fort Mill, SC
29715

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+19802723903

Website

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