Published Articles
Our financial advisors at Wealth Management Group contribute our insights to well-known publications such as Forbes, Chicago Sun Times, US News, and New York Business Journal, on topics that matter to you, such as retirement planning, business management, investment strategies, and more. The goal of our articles is to help retirees, pre-retirees, investors, and business owners accomplish their financial goals and avoid the common pitfalls.
7 Best T. Rowe Price Funds for Retirement
Craig Bolanos, CEO of Wealth Management Group, says he prefers actively managed bond funds because a strong manager can add value. The manager of the T. Rowe Price Emerging Markets Bond Fund, Michael Conelius, has helmed the fund for more than 20 years. Bolanos includes this emerging-market bond fund in clients’ portfolios because of the higher yields and the exposure to growing economies. He says PREMX gives investors income along with the opportunity for appreciation. “Those are the two components of why the emerging-market bond fund fits a part of someone’s portfolio,” Bolanos says. PREMX has a yield of 4.76% and an effective duration of 8.35 years. PREMX has the highest expense ratio among the funds on this list, at 0.87%.
*The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All investing involves risk, including loss of principal. No strategy assures success or protects against loss.
Everything you need to know about digital estate planning
These funds stand out in a crowded market. When you’re choosing how to invest for retirement, T. Rowe Price funds are a recognizable name…
*The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All investing involves risk, including loss of principal. International investing involves special risks, such as currency fluctuation and political instability and may not be suitable for all investors. The economic forecasts set forth may not develop as predicted. This material is for general information only and are not intended to provide specific advice or recommendations for any individual. This information is not intended to be a substitute for individualized legal advice. Please consult your legal advisor regarding your specific situation.
Third stimulus check? What you need to know
President Joe Biden referred to the most recent $600 stimulus check as a “down payment.” In keeping with his promise, Congressional leaders are working hard to pass a $1.9 trillion stimulus proposal that will include a provision aimed at putting $1,400 stimulus payments into more hands than previous payments reached.
*The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.
Prior to investing in a 529 Plan investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC
7 Best T. Rowe Price Funds for Retirement
Craig Bolanos, CEO of Wealth Management Group, says there are two key pillars to retirement income: living off portfolio income and having a plan to increase that income over time. He likes that the T. Rowe Price Dividend Growth Fund allocates to market sectors that are “relevant to the new COVID economy,” which includes technology, health care and consumer discretionary, but that also means companies with a history of increasing dividends.
**The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All investing involves risk, including loss of principal. No strategy assures success or protects against loss.
Prepare Your Exit Plan Now
Many business owners dream of retirement yet struggle with the notion of letting go of the success they spent a lifetime building.
Passing on ownership to the next generation can be a struggle. When you’ve dedicated a good portion of your life to building your company and your brand, it can be incredibly difficult to imagine life without it or allowing someone else to take the reins. But it is inevitable; every business owner will face a day when they need to make an exit, but those who plan in advance are far more likely to have a smooth and successful transition.
**The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All investing involves risk, including loss of principal. No strategy assures success or protects against loss.
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