MWM | May 2019 Commentary
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” -Paul Samuelson
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Annual Document Shredding Event
Please join Means Wealth Management and its shredding on site partner, Records Management, on Saturday, June 1st, for our annual document shredding event. Bring your old, unwanted financial documents, junk mail, receipts, etc., to be…
1st Quarter 2019 Review
Thankfully, the financial markets rebounded in a strong way from the dismal end to 2018. If we had to summarize the year-to-date market performance in a sentence, it would be this: markets rebounded strongly from…
How are Roth and Traditional IRA’s different?
Coke vs Pepsi, Mayonnaise vs Miracle Whip, Twizzlers vs Red Vines – some conversations will go on until the end of time (though the first item listed in each pair is clearly the superior option).…
Should You Choose A Fixed Or Variable?
Tip: Common Indexes. The most common indexes to which the interest on adjustable-rate mortgages is pegged are the 1-Year Constant Maturity Treasury Index, the Cost of Funds Index (COFI), and the London Interbank Offered Rate Index…
Lots Of Variables With Fixed-Rate Mortgages
Tip: Payment Practices. Depending on the loan, a home buyer who chooses a 30-year mortgage may have the option to make extra payments. In a sense, this enables the borrower to treat the long-term loan like…
How Does Your Credit Score Compare?
Fast Fact: Get Over It. A bad credit score doesn’t last forever. Since your credit score is a “snapshot” of your risk at a particular point in time, it changes as new information is added to…
Spotting Credit Trouble
Fast Fact: Credit Inquiries. Your FICO score won’t drop by much when you apply for new credit. But if you apply for several new credit cards over a short period, your credit report will reflect the…
What Do Your Taxes Pay For?
Tip: Mid May. If the government had raised taxes enough to cover federal borrowing, we would have had to work until May 10 just to cover the tax bill. Source: FoxNews.com, April 24, 2016 Taxes are one of…
Understanding Marginal Income Tax Brackets
Tip: High Bracket. In 1944, the highest federal income tax bracket was 94%. It applied to all income above $200,000 a year and applied to all taxpayers, regardless of filing status. Source: Tax Policy Center, 2017…