10 Financial Moves to Make Before Year-End
As the year comes to an end, it's time to take stock of our finances and make sure we're on track for a successful 2024. Here are 10 crucial financial steps to take: 1. Maximize Retirement ContributionsConsider increasing your contributions to your 401(k) and IRA, and...
Happy Thanksgiving from PMG Wealth Management
On behalf of everyone at PMG Wealth Management, we wish you a joyful Thanksgiving! We are deeply grateful for your trust and the relationships we have built. Here's to many more years of working together and shared success.847-550-6100george@pmgwealth.comTwitter...
Navigating Market Dynamics
As the saying goes “history doesn’t repeat itself, but it often rhymes'”. Nowhere is this more apparent than in the world of financial markets. While we don't attempt to predict the future, we do analyze the present and study market history to better understand the...
How to Avoid Medicare Premium Surcharges
In this blog post, you’ll learn what IRMAA is, how it's calculated and tips for avoiding this surcharge. What is IRMAA?To start, let's review what IRMAA actually is. It stands for Income-Related Monthly Adjustment Amount, and it's an increase to your Medicare Part B...
Should You Hold Cash or Invest?
When it comes to managing your money, a common question is whether you should keep your funds in cash or invest them in the stock market. The lure of attractive yields on savings, CDs, and bonds can make holding cash seem like an appealing option, especially in the...
Americans’ Net Worth By Age
The net worth of American households increased by 37% from 2019 to 2022, which is more than twice the largest increase on record. The Federal Reserve's most recent data shows a historic shift in consumer finances. If you're interested in comparing your income and net...
Do You Pay Tax on an Inheritance?
Whether you pay tax on an inheritance depends on what type of asset you inherit. Here are some helpful answer on the tax impacts of your inheritance: Cash Receiving cash, like funds from savings or checking accounts, are not taxable at the federal level. To avoid...
Five Reasons Stocks Could Rally into Year-End
After a challenging third quarter, many investors are looking ahead to a more favorable year-end. In this blog, we’ll look into the data that suggest the possibility of a year-end rally. Oversold Conditions in US Stocks If we look at the current state of the stock...
Tax-Smart Tips for Charitable Donations
Maximize the effectiveness of your donations with these tax-smart giving strategies. Here are some ways to donate that are better than cash. 1. Donate Appreciated Stock Donating appreciated stock is a tax-savvy move. Here's why: If the stock you're giving away has...
The Week in Charts
..Some of the best charts from the week that tell a story about the markets and economy. Magnificent Seven Are Driving ReturnsThis year's stock market performance might not be as straightforward as it seems. Much of the rally has been driven by the "Magnificent Seven"...
Plan to Rise Above®
Welcome to the Plan to Rise Above® Blog. Continue to check back for new and exciting content in the world of financial planning, wealth management and personal finance.
