FINANCIALLY FOCUSED

April 2024 Newsletter

OPTIMUM INSIGHTS for April 2024

Welcome to April! Hopefully by the time this monthly is published we will be experiencing Springtime with warmer weather, longer days and everything turning green.

Retirement planning is a much talked-about topic that we see almost everywhere. It can be overwhelming with information and with all the different experts that talk about the best way to do "retirement”.

A question that I have for You: how many times are You going to “retire”? You generally only have one shot at this, so the pressure is on to get it right. With that in mind, we would like to share a few things that we have learned and experienced that we hope are helpful for “retirement Planning”:

Know the time frame that You are planning for. Remember the old rule of Time vs. Timing as it is easier to plan for 20 years before retirement than for 2 years. And remember that You are planning for many years of retirement.

Have multiple sources for Retirement – As the old saying goes, don’t put all of your “eggs in one basket”. The more sources, the better and I have seen articles that point out having 3 sources at minimum and those sources should have distinctive differences such as Pre-tax vs. Post Tax or Income vs Growth.

Start with Income, Income and more Income. Most people today are not fortunate enough to have one of those old-fashioned "pensions."  if you do, that is a great retirement source and if not then You should try to replicate creating Your own “pension like” Income. Retirement IS about income that continues in retirement with the least amount of risk of that income running out. That is your foundation for Retirement.

Growth and lots of Growth: This is a source that can be most exciting when markets go up and most frustrating when markets go down. And markets do both of those things. Growth should be a part of and a source of retirement planning, but because of its characteristics, it cannot be Your only source for retirement. This adds to Your Foundation of Income.

Last but not least, work with someone who has experience of getting people to and thru retirement.

As always if you have any questions feel free to reach out to us at any time as we are always happy to help.

Thank you!

Duane, Donna, Jessica, Cameron

Economic Fallout and Elections: Myth vs. Reality

The upcoming presidential election is already dominating the news. While many people presume if their preferred candidate doesn’t win there will be negative economic fallout, more than 90 years of economic history tells us something different.

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Did You Know There Are Wingless Birds?

Although kiwis are classified as birds, they are wingless and therefore cannot fly. They are the national bird of New Zealand, the place they call home.₁

How Savers And Spenders Can Meet in the Middle

Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts. Here are a few of the key adjustments for 2024.

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Strawberry Cobbler

This strawberry cobbler is the perfect Spring/Summer dessert. It consists of a fluffy, buttery crust and tons of hot, gooey strawberries baked right in. If you like strawberry muffins or fluffy biscuits with fresh strawberry jam,  then you’ll adore this fresh strawberry cobbler. It’s like both of those things combined!

Get Cooking!

1 https://www.weareteachers.com/bird-facts/

Advisory services are offered by Optimum Wealth LLC a Registered Investment Advisor in the State of New Hampshire. Insurance products and services are offered through Optimum Financial LLC dba Optimum Benefits, an affiliated company. Optimum Wealth LLC and Optimum Financial LLC are not affiliated with or endorsed by the Social Security Administration or any government agency, and are not engaged in the practice of law.

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