Oyler Investments

12/23/2022

Merry Christmas!

12/16/2022

Is this your reaction every day when you check the stock market?

Correction periods can be painful, but there are ways to soften the blow. Part of your diversification plan should include products that have downside protection. You buy protection for most of your major assets, so why wouldn’t you do the same for your life savings?

10/14/2022

Do you ever feel like you go to work and make just enough money to fill up the car with fuel so you can drive to work? It may seem like the only thing that hasn’t been inflated is your paycheck.

Inflation is hitting everyone where it counts. It’s imperative that each household has a sufficient financial plan in place to keep up with current conditions. With a careful plan in place, we can make it through this.

08/26/2022

Sometimes, it’s okay to roll over.

Did you know that when you leave an employer, your retirement accounts usually are not managed any longer? That means that your money becomes stagnant.

When this happens, it is important that you roll over your old retirement accounts into an active retirement account. Usually, you can roll over old accounts into current retirement accounts with your current employer. If you’re not able to do that, you can roll old accounts into a separate retirement account that is not tied to employment.

If you don’t know how to do this or what accounts qualify, consult with a financial advisor.

07/26/2022

HOW MUCH SHOULD I CONTRIBUTE TO MY 401K❓❓❓❓

The answer to that question will vary for each person. The key to answering this question is understanding how much, if any, your employer will match. Generally, it is wise to contribute the amount necessary to get a full match from your employer. If you don’t take advantage of matching contributions from your employer, you are leaving free money on the table.

There are annual contribution limits for 401K accounts. Some individuals prefer to max out their contributions each year. Another option would be to contribute enough to get the maximum match from an employer, then allocate the rest of the funds to other retirement products. Those products could be IRA’s, general investing accounts, life insurance policies (especially IUL’s), annuities, etc. Diversifying retirement funds across multiple products is very important and cannot be overstated.

07/15/2022

It seems that there is plenty of bad news going around recently. Every day, we wake up to headlines emphasizing inflation, political turmoil, and even recession. While there is some truth to most rumors, it’s important that we stay calm.

As a financial advisor, I’ve been especially interested in the economic conditions that we are experiencing. Many individuals are scared about the future and their retirement savings. History shows that investors who panic and make irrational decisions lose money. If you feel that you need assistance with your financial plan, consult with a professional. Do not make emotional decisions. If positioned correctly, this is a great time for financial opportunity.

02/04/2022

Tired of stressing about money? This article details some simple actions that could significantly reduce your monthly expenses.

Money experts share their favorite hacks for cutting your monthly living expenses.

12/14/2021

Are you stressed about your holiday spending? Here are 3 simple tips to help reduce your anxiety:

1. Set A Budget- Before buying anything, sit down and make a plan. Figure out how much you have to spend, then you can divide that amount into the categories you need to spend the money on.

2. Simplify- Most people tend to go over budget rather than under budget. This can be avoided if you simplify your spending. The thoughtfulness of a gift is far more important than the price tag.

3. Get it Done Early- Nothing is more stressful than running around busy retail stores the night before trying to find the products you could have bought a month earlier. Completing your shopping earlier in the year will allow you to stay within budget and reduce stress that comes with holiday shopping.

10/07/2021

Here are a few simple steps to help prepare financially for a natural disaster:

Tip #1: It is essential to always have an emergency fund. The amount will vary based on the household, but you must have funds set aside to support you when disaster strikes. It is also valuable to keep some cash on hand in case you don’t have access to your bank. When planning how much to save, you should plan to have enough to cover all necessities following a natural disaster. You may be left without food, water, transportation, communication, etc.

Tip #2: Eliminate as much debt as possible. When disaster strikes and you are in survival mode, you likely will not have the resources to pay for current debt responsibilities. Reducing your total debt will ensure that you can use emergency funds to support your household as necessary following a disaster. Missing debt payments could make your situation even more difficult during disaster recovery.

Tip #3: Do an insurance coverage review. Make sure that your home insurance will cover the damages caused by a natural disaster. Most people assume that their house is covered but this may not be the case. Do an in-depth review of your coverage and make changes as necessary to make sure your needs are met when disaster strikes.

09/17/2021

There are many voices on social media competing for our attention every day. Social media can be a great tool if used properly, but it can also lead us down the wrong path if we’re not cautious.

With regards to investing, it is important to be cautious when presented with a specific product or company. Remember, anybody can say anything on social media. Just because it’s on a social platform does not mean that it is reliable.

Many are pulled into products or trends that do not meet their financial needs and goals. Do your research and stick to your financial principles.

09/16/2021

I'm honored to be featured in this Yahoo Finance article about the financial effects of COVID-19 on Gen Z.

Many millennials consider the 2008 recession their introduction to economics. Even the so-called 'geriatric millennials' were only in their mid-20s when the Great Recession struck, while the youngest...