Unified Trust Blog

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If you read that title and immediately recognized the reference, this article is for you! It's time for us geriatric’s to embrace our 40s-ish and take full control of our financial future to ensure that our nest egg is well prepared to support a retirement lifestyle full of avocado toast, and Instagram-worthy vacations.

It is not every day, heck not even every lifetime, that an opportunity to turn $10,000 into $100,000 in less than a month presents itself. All that needed to be done was scour through posts on WallStreetBets and invest in one of the four distressed, highly shorted companies it targeted. The caveat? You better know when to get out.

Periodically we like to remind readers of the benefits of a Roth IRA and extoll its virtues as a means for building and transferring tax-free wealth. Read Part 1 in our Roth IRA blog series!

Starting a new year inspires us to set new goals and look forward, usually optimistically, to a brighter and more productive future. For many, this includes tackling our overall financial wellness. In honor of #NationalFinancialWellnessMonth, here are a few tips on how to get started on your financial journey.

Financial wellness can be defined in many ways given how encompassing of a concept it is. A simple definition is the ability to have a healthy financial life in the present and in the future. January is National Financial Wellness Month. If you are a plan advisor or plan sponsor, now is a good time to start a conversation with your retirement plan service provider about developing a financial wellness strategy for employees.

Famously, Ebenezer Scrooge was visited by the three notorious ghosts of his past, present and future, in hopes of learning from the error of his ways. So too, investors can look to their own specters to learn the lessons of successful investment planning and management.

“A diversified investment portfolio is like a fruit salad; you need more than just apples and oranges.” As hokey as that sounds there is a cherry pip of truth in it. A well-balanced, globally diverse mix of stocks, bonds and liquidity investments within your accounts guards against concentrated risk and smooths your path for long-term growth.

The information presented is the opinion of the author. The author’s opinion is not necessarily shared by Unified Trust Company, N.A. (“Unified”). Data and analysis presented are subject to change due to changing circumstances. Additionally, neither Unified nor the author warrant or guarantee the accuracy of such data or the opinions and analysis derived from such data. Furthermore, neither Unified nor the author is responsible as an expert for what readers do with the information presented. Unified and the author are not responsible for any consequences of republishing the content herein presented on any other website or media without permission. Nothing in the information presented is intended to be a solicitation to take any particular action or refrain from action regarding any investment or other product. Finally, the information presented is solely intended to be educational and informative and is not intended to constitute legal, investment, or financial advice.

 

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