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Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.
The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: Alaska, Arizona, Arkansas, California, Illinois, Louisiana, Michigan, Missouri, North Carolina, Nebraska, Texas, Virginia
It's the ToroWealth.com Thursday This or That Question! With Savings accounts interest rates so high... where are you CURRENTLY more comfortable keeping your money? Savings Accounts? or Investment Accounts? and Why?
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With people (and pets) who may be depending on you, planning for worst-case scenarios can make good sense. Carrying the insurance that may be offered through an employer can be a good start, including health, life, and disability. But as you get older and take on more responsibilities, it becomes increasingly important to protect what you have—and those you love.
Some important estate-planning steps to consider include:
1. Ensure that your beneficiaries are named where possible for your 401(k), IRA, HSA, and life insurance, for example. And always double-check that your beneficiary designations are up to date.
2. Review the way your accounts and assets are titled to ensure that they pass to the right people as smoothly as possible. For instance, if you’re married, a joint checking or cash management account for paying bills could make sense or owning a home titled as joint with rights of survivorship.
3. Write a will explaining how your assets should be dispersed. This can be critical; otherwise, your wishes may not be carried out and your assets will be distributed according to the laws of your state.
If you have questions or need assistance with estate planning, please send me a DM. I have a fantastic resource I can introduce you to! #torowealth #worstcase #estateplanning #lifeinsurance #beneficiarydesignation #worstcasescenario #insurance ... See MoreSee Less
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The S&P 500 Index just suffered through its worst week in over a year... with Big Tech earnings arriving this week, could we see a rebound? loom.ly/TX94mpY
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Saving big for emergencies: 3 to 6 months’ worth of essential expenses is recommended.
Fidelity suggests aiming to save $1,000 to get your emergency savings started. Ultimately, the goal is to save enough to cover 3 to 6 months of essential expenses. At the beginning of your career, that can seem like an impossible amount of money to save but as you get older and wiser, you may feel more confident about saving.
People in their 30s and 40s often have growing responsibilities including children, a house, education costs, and even caring for aging parents. Building and maintaining significant emergency savings can help you sleep at night and get through the messy middle years of life with your finances intact. #torowealth #middleyears #fidelity #6months #savepeople #agingparents #savebig #emergencysavings ... See MoreSee Less
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Stock Market Holds up Despite Powell Admission…
In late-afternoon trading Tuesday, CME FedWatch showed a 70% chance that the first rate cut would come at the September meeting. By the end of the year, federal funds futures traders think there's a 56% chance that the fed funds rate will be at 4.75%-5%. That implies two quarter-point rate cuts between now and the end of the year.
Things to watch going forward are the 10 year Treasury as it approaches 5%. #torowealth ... See MoreSee Less
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Everyone’s goals are different but if you’re aiming for optimal financial health there are some key milestones along the journey to aim for. You can hit these targets at any age but for many people it may happen in your 30s, 40s, and 50s.
Those are the decades when your income may be increasing along with your ability to save for the future. But no matter what age these occur, it's a good time to start—and may even be in better shape than you imagine. loom.ly/TAaPBqI #bettershape #goodshape #30s40s #atanyage #goals #torowealth ... See MoreSee Less
Money milestones to aim for in your 30s, 40s, 50s | Fidelity
www.fidelity.com
Grow your financial confidence as you help grow your financial stability with these steps.0 CommentsComment on Facebook
#gold broke through to new all-time highs in March, rallying above previous resistance levels, to reach more than $2,200.1 Adam Turnquist, #LPL Chief Technical Strategist, believes that gold may continue to rally due to the following:
• Macro conditions remain supportive for gold, including elevated geopolitical tensions, forecasts for receding yields, and the possibility for a weaker dollar.
• Global demand among central banks has notably accelerated.
• A rebound in demand from gold-related ETFs could provide additional support for gold's price.
Below is a YTD Chart of $GLD (State Street's ETF)
#breakthrough #highs #LPL #macro #gold #ETF #torowealth ... See MoreSee Less
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Today’s LPL Financial Chart of the Day highlights equity market returns surrounding the release of consumer inflation data.
What does this mean for stocks today? Watch for energy to outperform as it has been the only sector in the green on days with hotter-than-expected CPI reports. Consumer discretionary and technology could lag as they have historically declined by an average of 0.7% when inflation came in hot. ... See MoreSee Less
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