by Premier Investments & Wealth Management
In the world of personal finance, the most common question people ask is, “What should I invest in?” While choosing the right investments is crucial, this question often overshadows a more fundamental aspect of financial planning: identifying your financial goals. Before diving into the specifics of stocks, bonds, or real estate, it’s essential to take a step back and reflect on your broader financial aspirations....
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by Premier Investments & Wealth Management
When it comes to managing personal finances, traditional budgeting methods can often feel restrictive and complicated. Enter “backwards budgeting,” a different approach that flips conventional budgeting on its head. This strategy emphasizes paying yourself first, starting to invest at a young age, and harnessing the power of compounding to build long-term wealth. Let’s explore these key principles and how they can pave the way to...
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by Premier Investments & Wealth Management
What is a Backdoor Roth IRA? A Backdoor Roth IRA is a strategy that allows individuals to contribute to a Roth IRA even if their income exceeds the limits set by the IRS for Roth IRA eligibility. Essentially, it’s a legal loophole that involves making non-deductible contributions to a traditional IRA and then converting those funds to a Roth IRA. This approach can provide significant...
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by Premier Investments & Wealth Management
Planning is essential as you make the transition from accumulating assets to creating a retirement income stream. One powerful approach that can help you visualize how your investments are working for you during this process is the Premier Bucket Strategy. This strategy divides your investments into four distinct categories or “buckets,” each tailored to specific financial needs and time horizons. Let’s delve into each bucket...
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by Premier Investments & Wealth Management
2024 is halfway over, and now is an excellent time to conduct a mid-year financial review. This proactive step helps you stay on track with your financial goals and allows you to make any necessary adjustments. Here are 7 steps you can take now to review your finances: 1. Review Your Budget Analyze Spending: Examine your expenses for the first half of the year. Identify...
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by Premier Investments & Wealth Management
At Premier Investments & Wealth Management, our goal is to empower you to take control of your financial future. In today’s post, we’re diving into a powerful strategy for boosting your retirement savings: making previous year contributions to Individual Retirement Accounts (IRAs) and Roth IRAs. Whether you’re just starting your retirement savings journey or looking to optimize your existing accounts, this tactic can offer significant...
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