Learn the 3 R's

to help you prepare for market volatility.

It's impossible to predict when the market will drop or how far it will fall. With this in mind, investors should take steps to position their portfolios against potential risk during times of growth.

Many people in the workforce have a retirement savings vehicle option available through their company benefits program. The most common are the 401(k) or 403(b). These retirement vehicles that allow people to save money in a tax deferred account and receive tax deferred growth throughout the course of their life.

This means that the money going into this account is not taxed at an individual's current income rate, but is deferred until that person decides to remove dollars from the account.

Every few weeks we compile a list of articles and books which we believe would be helpful to investors who want to make wise, informed decisions. All of these are relevant to current events  or the long-term financial planning methodology that we here at Creekmur Wealth practice with our clients every single day.

If you have any questions you can reach out to our team via email or by scheduling a call using the link below. With that in mind, lets dive in!

One of the biggest issues that new investors run into is developing an easy-to-repeat, long-term investing strategy. Below I'm going to discuss three steps you can use to help develop your investing strategy. By having a set strategy every investor is better prepared to weather the inevitable volatility of the market.

What 3 Steps Should You Follow When Investing?

Hello! Before we dive in, I want to take a quick moment to introduce myself as a new Wealth Advisor at Creekmur Wealth Advisors here in Morton Illinois. I started my career in the industry with a company out of Colorado as a mutual fund/ETF wholesaler. From there I transitioned to TD Ameritrade and worked with retail investors in the Illinois.

What Does It Take To Build a Recession Proof Retirement Portfolio?

How can my portfolio and my retirement survive a recession? This is a very common fear for retirees and pre-retirees and considering the movement of the market recently, you may have had this same question yourself.

"While pandemic disruptions remain, 2022 offers hope of greater normalcy"

In 2021 the markets bobbed up and down through a year that had a little bit of everything: politics, bubbles, meme stocks, inflation, runaway rallies and sudden drops.

Although we don't have a crystal ball, we do have a few clues as to what we might look forward to in the first months of 2022.

What Can We Expect 3 - 9 Months Ahead?

Some things you might consider before saying goodbye to 2021.

Preparing for retirement just got a little more financial wiggle room. In November, the Internal Revenue Service (IRS) announced new contribution limits for 2022.

Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. The catch-up contribution for traditional IRAs remains $1,000 as well.¹

For workplace retirement accounts (i.e. 401(k), 403(b), amongst others), the contribution limit rises $1,000 to $20,500. Catch-up contributions remain at $6,500.¹

Eligibility for Roth IRA contributions has increased, as well. These have bumped up to $129,000 to $144,000 for single filers and heads of households, and $204,000 to $214,000 for those filing jointly as married couples.¹

Another increase was for SIMPLE IRA Plans (SIMPLE is an acronym for Savings Incentive Match Plan for Employees), which increases from $13,500 to $14,000.¹

If these increases apply to your retirement strategy, a financial professional may be able to help make some adjustments to your contributions.

Some things you might consider before saying goodbye to 2021

What has changed for you in 2021? For some, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another step. If notable changes occurred in your personal or professional life, then you may want to review your finances before this year ends and 2022 begins. Proving that you have all the right moves in 2021 might put you in a better position to tango with 2022.

Inflation Is Inevitable - What Can we Expect in the Future?