Tomorrow is the first day of September – can you believe it? Here are 3 things I’m reading heading into the new month. I hope you find this information useful as we approach the Fall season.
If any questions come to mind from these articles, please call or email anytime at (618) 540-9599 or craig@tobermanwealth.com.
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During the first half of 2022, the stock market saw its worst first half in 50 years – and while we have seen some reprieve, there’s no guarantee we won’t see more bumps in the road. Yet, thanks to the logic conveyed by articles like this one, we’ve been able to stay the course in both good times and rocky ones.
Full of wisdom that goes beyond investing; my favorite nugget remains:
“When the economy is stable people become optimistic. When they get optimistic they go into debt. When they go into debt the economy becomes unstable. Crazy times aren’t an accident – they’re an inevitability. The same cycle works in reverse, as depressed times create opportunities that plant the seeds of the next boom. One way to summarize it: Nothing too good or too bad lasts indefinitely.”
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The Top 25 Islands to Visit in 2022
That being said, travel and leisure are important. Now is the time to start booking 2023 vacations if you want to get the most bang for your buck. Here are the Top 25 most popular islands based on the annual Travel + Leisure World’s Best survey results if you’d like to start planning ahead.
If you’re unsure whether your financial plan will support it, please schedule a meeting with me to review.
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CNBC: Gen Z investors are flocking to IRAs. Here’s why a Roth is ‘a slam dunk’ for most, expert says
Here’s a recent article you can share with younger loved ones or friends about Roth IRAs. The power of compounded, tax-free investment growth cannot be overstated for those in a low tax bracket and with a long time horizon.
The article doesn’t mention this, but one of my favorite planning features is the opportunity to put these Roth IRA savings PLUS up to $10,000 in earnings toward a first-time home purchase, free of any tax or penalty if the account has been opened for 5 years.
Thank You
Wishing you a great start to the month and a Happy Labor Day!
Craig Toberman
Craig Toberman is the Founder of Toberman Wealth – a fee-only, fiduciary financial advisor based in St. Louis. He assists families and businesses with strategic financial planning and long-term wealth management. He has over a decade of experience in financial services and has crafted custom financial plans for hundreds of families and businesses.
Craig received a Bachelor of Science (B.S.) degree in Agricultural and Consumer Economics from the University of Illinois and a Master of Business Administration (M.B.A.) degree in Finance from Saint Louis University. He is a Certified Financial Planner (CFP), Chartered Financial Analyst (CFA) charterholder, and Certified Public Accountant (CPA).
Craig is a member of the National Association of Personal Financial Advisors (NAPFA), Fee-Only Network, and XY Planning Network.
Craig lives in the greater St. Louis area with his wife, Ally and son, Hank.