Tellis Gary- Northwestern Mutual

09/25/2024

08/01/2024

Now that I got your attention. Did you know only the first $50,000 of your group life insurance policy is received by beneficiaries completely tax free? Anything about that amount, unless paid for by the employee, is subject to federal income taxes as well as social security and Medicare tax.

If you want connect to avoid a potential tax bomb let’s connect

07/29/2024

With changes to the "Secure Act" 529 plans look way more attractive! Now you’ve got more options for unused money in a 529 college savings plan. Let’s talk through the best strategy for you.

Beneficiaries of 529 college savings plans can roll over their unused funds to a Roth IRA—without owing federal tax or penalties. Learn more about this strategy.

04/15/2024

Have you ever thought about how much you needed to retire? For a lot of Americans that number is shifting, and what is currently saved v what's needed is a pretty big gap.

The "magic number" for retirement savings has swelled to an all-time high, but Americans are worried they won't reach it.

03/04/2024

Retirement is a critical time to work with an advisor to ensure you’re not paying unnecessary taxes on your hard-earned retirement savings.

With some strategic planning, you can manage the impact of taxes on your retirement income.

06/14/2023

They say it's not what you make, but rather what you get to keep. Tax efficiency is one of the keys to making your money go further. If you are interested in learning how to make your planning more tax efficient let's connect.

In retirement, you’re likely to generate income from a variety of sources, many of which get different tax treatments. We break down how different types of retirement savings are taxed.

05/02/2023

What would you say if I told you working with a financial advisor could help improve your long-term net returns?
Vanguard’s “Value of an Advisor Study” estimates that working with an advisor can add up to or even exceed 3% net returns over the long run.
In 2022 Russell Investments estimated that working with an advisor was approximately 4.91%

For the record neither study claims that an advisor, can beat the market but by focusing in on key areas help improve the efficiency of your overall plan.

Do you think that working with an advisor would improve what you are already doing? Would love to hear your opinions.

04/20/2023

Northwestern Mutual Chief Investment Officer Brent Schutte during Bloomberg Markets last week, indicated that we may be headed for a mild recession. As investor confidence in the market may seem to waver over the next couple of months. There is a lot of value in staying invested and diversification. If you have questions let's connect.

Economic uncertainty and volatility can make investors anxious, which leads to poor investment decisions. Learn why riding it out may be your best bet.

04/17/2023

Asset allocation is something that very few people think about when it comes to investing and very few people understand what it means and how it affects them. Asset allocation is a strategy to balance risk and reward that ultimately affects the returns of a portfolio. Vanguard performed a study that analyzed different portfolios and their performance from 1926-2021. Although past performance is not an indicator of future performance it can give us some pretty awesome insight.

100% stocks
Average annual rate of return 12.3%
Best year (1933): 54.2%
Worst Year(1931): -43.1%
Years with a loss: 25 of 96

70% stocks 30% bonds
Average annual rate of return 10.5%
Best year (1933): 41.1%
Worst year (1931): -30.7%
Years with a loss: 23 of 96

60% stocks 40% bonds
Average annual rate of Return 9.9%
Best year (1933): 36.7%
Worst year (1931): -26.6%
Years with a loss: 22 of 96

50% stocks 50% bonds
Average annual rate of return 9.9%
Best year (1933) 33.5%
Worst year (1931) -22.5%
Years with a loss: 20 of 96

40% bonds 60% stocks
Average rate of return: 8.7%
Best year (1982) 35.9%
Worst year (1931) -18.4%
Years with a loss 19 of 96

30% stocks 70% bonds
Average rate of return: 8.1%
Best year (1982) 38.3%
Worst year (1931) -14.2%
Years with a loss: 18 of 96

100% Bonds
Average rate of return: 6.3%
Best year (1982) 45.5%
Worst year (1969) -8.1%
years with a loss: 20 of 96
Is your portfolio set up in a way that aligns with your goals? If not lets talk

04/12/2023

Roughly 43.5 million Americans will be affected by student loans returning. Student loan payments are set to resume 60 days after June 30, 2023, or 60 days after the Supreme Court's decision whichever comes first?

Some things to consider with this current timeline

1. Is my current budget set up to resume my student loan payments?
2. Should I consider a student loan consolidation?
3. Have I had a career change that may make me eligible for certain repayment programs, and ineligible for others?

If you have questions about student loans and how to plan for them resuming lets connect!

03/30/2023

When it comes to making sound financial decisions, It's hard to do with all the noise out there, and as some people may be losing faith in financial institution's diversification may be more critical now than ever. Here is our look at winners and losers from the past year.

If reviewing your current strategy would be helpful let's connect.

A look back at a volatile year and why diversification is key to a long-term financial plan.