CWC Advisors

Portland's home for trustworthy wealth management for more than a decade.

05/23/2024

How much should you have saved for Retirement?

A recent study by NW Mutual found that Americans should aim to save $1.46 million for retirement, representing a 51% increase since 2019.

If the trend of rising retirement estimates continues at the same rate observed in recent years, it is projected that Americans will need around
$2.39 million for a comfortable retirement in 20 years.

Yet reports from The Federal Reserve’s 2022 Survey of Consumer Finances show that most Americans are not trending towards hitting this number.

Check out this visual that breaks down the average retirement savings by age:

Age: Under 35

Median: $19,000 Average: $49,000

Age: 35-44

Median: $45,000 Average: $142,000

Age: 45-54

Median: $115,000 Average: $313,000

Age: 55-64

Median: $185,000 Average: $538,000

Age: 65-74

Median: $200,000 Average: $609,000

Age: All Families

Median: $87,000 Average: $334,000

www.cwcadvisors.com

05/16/2024

What a fun time last weekend for the CWC Advisors team supporting the Lake Oswego Millenium Concert Band at their mother's day concert!

LOMCB is a nationally recognized community concert band and has won numerous awards including the Sudler Silver Scroll Award which recognizes outstanding music excellence.

The group has also played concerts across the U.S. including the Lincoln Memorial where they were able to clinic with the United States Air Force Band.

We have been a proud sponsor of LOMCB for the last 5 years and it has been a joy to hear their award-winning music year after year.

Check out their upcoming concert schedule at lakeoswegoband.org

www.cwcadvisors.com

05/14/2024

Curious how your home state stacks up when it comes to paying taxes?

Check out this breakdown from visual capitalist that displays the total tax burden in each state.

Tax burden measures the percent of the average person’s income that is paid towards state and local taxes. This calculation takes into consideration property taxes, income taxes, and sales/excise tax.

www.cwcadvisors.com

05/09/2024

Rounding out our employee spotlight series, we are happy to highlight our media coordinator, Aubrey Cleland!

Aubrey is responsible for communicating our company mission to our clients and potential clients looking to learn more about investing and the world of finance.�She brings extensive knowledge of social media presence, web design, and marketing.

Aubrey studied communications at Chapman University.

www.cwcadvisors.com

05/07/2024

Generally speaking, there are four main types of accounts you can invest your money in:

1) Pre-tax: Taxes are deferred, but you will pay taxes when you withdraw your money.

Examples = 401(K), Traditional IRA, 403(B), SEP IRA, Simple IRA

2) After-tax: Pay taxes now, but all growth and withdrawals are tax free.

Examples = Roth 401(K), Roth IRA, Roth 403(B)

3) Taxable: Funded with after-tax dollars and you will pay taxes along the way for capital gains, interest, and dividends.

Examples = Individual, Joint, Trust

4) Tax Advantaged: Tax efficient accounts that provide advantages when executed within the requirements.

Examples = Health Savings Accounts, Flexible Spending Accounts, 529 savings plan

Each of these accounts have different requirements when it comes to contributions, taxation, and withdrawals. Understanding each of these accounts and how they relate to your financial goals is key when it comes to maximizing their potential.

www.cwcadvisors.com

05/02/2024

Last week, CWC had the pleasure of sponsoring and attending the annual Brian Grant Foundation ‘Shake it til we make it’ Gala!

The program was filled with inspiring stories, fun prizes, amazing food, and a great group of people with a common mission to help empower people with Parkinson's.

Collectively, we were able to raise vital funds to help the foundation continue to make an impact in the Parkinson’s community.

If you would like to support the Brian Grant Foundation, please visit their website briangrant.org

www.cwcadvisors.com

04/30/2024

Which major asset class has generated the strongest returns over the long run?

Check out this visual that puts investment returns into perspective, showing the growth of $100 by asset class over the long term.

This graph compares the following asset classes:

-U.S. Stocks
-Corporate bonds
-Gold
-U.S. 10-year Treasury Bonds
-Real Estate
-Cash

As you can see, U.S. stocks outpaced the other asset classes by a wide margin.

www.cwcadvisors.com

Source: Visual Capitalist

04/24/2024

Having the proper estate planning documents can help secure your legacy, protect your assets, and avoid unnecessary taxation.

Here are the key components related to your estate plan:

1) Will: A legal document that directs the distribution of your assets upon death

2) Trust: A legal arrangement that allows you to transfer assets to beneficiaries and avoid probate

3) Power of Attorney: POA authorizes someone to make financial & healthcare decisions on your behalf if you become unable to do so on your own

4) Healthcare Directive: Also known as an advance directive, this document outlines how you would like to be medically treated in the case that you are unable to communicate your wishes

When constructed correctly, these documents will empower you to strategically control the direction of your assets and leave a legacy under your own terms.

It is crucial to consult with a wealth advisor and estate planning attorney to make sure these documents are compliant and align with your future wishes.

www.cwcadvisors.com

04/18/2024

Continuing our employee spotlight series, we are excited to highlight our VP of client relations, Ty Cleland!

Ty leads our Financial Planning & Business Development initiatives at CWC. Prior to joining the team, he was an enterprise sales executive in the technology space specializing in Cybersecurity and Human Capital Management Software.

Ty graduated from George Fox University with a Bachelor of Science in Business Management. He is an experienced client relationship manager with a focus on providing the highest quality service to our current and prospective clients.

www.cwcadvisors.com

04/16/2024

It’s tax season, which naturally brings up the question…
“Where are my tax dollars even going?”

To help visualize where your money goes when the IRS comes knocking, check out this chart that breaks down the use of one single federal tax dollar.

This data is collected by taking the total U.S. Federal government spending (by function), and converting it to cents on the dollar.

www.cwcadvisors.com

Source: Visual Capitalist

04/09/2024

“The first rule of compounding is to never interrupt it unnecessarily” – Charlie Munger

Check out this visual that shows how investing $100 each month at a 10% annual return can generate amazing results… all thanks to the power of compounding interest over the long term!

Source: The Visual Capitalist

Address

5900 Meadows Road Suite 230
Lake Oswego, OR
97035

Website

https://www.cwcadvisors.com/

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