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Wealth Management Group Published Articles2020-12-16T21:31:52+00:00

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.

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

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7 Best T. Rowe Price Funds for Retirement

US News & World Report

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.

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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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