New Generation Wealth Management, LLC

05/07/2026

The Widow’s Tax Penalty: Why You Could Pay More Taxes on Less Income

What happens to your taxes when one spouse passes away?

Most retirees are surprised to learn that the loss of a spouse can trigger a significant and often unexpected increase in taxes—commonly referred to as the “Widow’s Tax Penalty.”

In this video, we explain why many surviving spouses end up paying more in taxes on less income, and how this shift can quietly erode long-term wealth if not properly planned for.

07/25/2024

The 2024 election season has caused many heads to spin!

All the fast changes taking place have many people worried that potential chaos in politics could cause chaos in the stock market. In fact, 32% of survey respondents believe the economy will plunge into recession if the "other side" wins.

In this video, we hope to calm some nerves as we show how past elections going back nearly 100 years have impacted the stock market.

If you're feeling a little nervous about how the election may impact your investments, be sure to watch this video to prepare.

https://youtu.be/odB_g0IQ4k4

01/11/2024

It can take years to transfer assets after a death if probate is required.

If you have experienced the difficulties of dealing with probate on behalf of a loved one, you probably already know that you want to do whatever you can to help your own loved ones avoid dealing with probate when you are gone.

In many cases, probate can be avoided with simple financial strategies. But if you own real estate, you may need more in-depth planning.

In this video, learn two different legal documents that can help keep your real estate out of probate, and get some tips on which of those may be right for you.

It can take years to transfer assets after a death if probate is required. If you have experienced the difficulties of dealing with probate on behalf of a lo...

10/26/2023

It can take years to transfer assets after a death if probate is required.

If you have experienced the difficulties of dealing with probate on behalf of a loved one, you probably already know that you want to do whatever you can to help your own loved ones avoid dealing with probate when you are gone.

In this video we explain exactly what probate is, why you want to avoid it, and what strategies you can employ to avoid having your assets go through the dreaded probate process.

It can take years to transfer assets after a death if probate is required. If you have experienced the difficulties of dealing with probate on behalf of a lo...

08/23/2023

Interest rates have hit a 15-year high! But Morningstar and the FOMC are projecting that interest rates will decrease in 2024.

Is now the time to take action?

Most consumers with mortgages try to refinance as interest rates drop. Savvy investors look to profit from rising interest rates on their savings and investments.

In this video, we discuss the forecast for interest rates and how you can benefit from the highest interest rates in the past 15 years.

Interest rates have hit a 15-year high! But Morningstar and the FOMC are projecting that interest rates will decrease in 2024. Is now the time to take action...

07/19/2023

When considering an Estate Plan, many people think only about a will or a trust - documents that they will want to have in place when they pass away.

Many don't consider that there are legal documents associated with Estate Planning that are important to have in place while you're still alive.

In this video, we discuss two legal documents that every adult should have NOW, and explain why these documents are so critical.

When considering an Estate Plan, many people think only about a will or a trust - documents that they will want to have in place when they pass away.Many don...

05/04/2023

05/03/2023

Free retirement class in Osseo, MN!

03/29/2023

How can you invest for the income needs of a really long retirement, the possibility of a long-term care event, and the need for investment growth to keep up with inflation?

This video is the final episode in a four-part series on how to plan for and reduce the risks of a really long retirement.

According to an article in the February 2023 issue of Kiplinger's Personal Finance, you better plan for a "really long lifetime"! A 65-year-old couple will have one spouse who lives to age 93, on average.

Are you prepared for that?

Using the investing ideas in this video gives you the best chance for a prosperous, long retirement.

How can you invest for the income needs of a really long retirement, the possibility of a long-term care event, and the need for investment growth to keep up...

03/22/2023

Video 3 of 4: How long will you live in retirement? You better plan for a "really long lifetime" according to an article in the February 2023 issue of Kiplinger's Personal Finance!

A 65-year-old couple will have one spouse who lives to age 93, on average. Are you prepared for that?

In this week's video, learn about how to plan for health care costs in retirement, including the possibility of long-term care and how to pay for it.

This video is the third episode in a four-part series on how to plan for and mitigate the risks of a really long retirement.

How long will you live in retirement? You better plan for a "really long lifetime" according to an article in the February 2023 issue of Kiplinger's Personal...