IN THE KNOW
Monthly Newsletter
June 2022
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In this month's newsletter, we have timely articles on roth conversions and investing during chaotic times. We are excited to introduce our new client service associate, Bryce Currier. This month's employee spotlight highlights our employees' work with non-profits. And as usual, we are sharing relevant investment articles and videos from Dimensional. Read on to learn about all of this and more!
We are a firm that understands that managing your assets is about more than money. It is about empowering your future. At ML&R Wealth Management, we focus on you.
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The first six months of 2022 have so far taken investors along for quite the ride. Thanks to record-high inflation in the US, rising interest rates, and geopolitical conflicts, many investors may feel uncertain about where they stand with their portfolio and wonder: What should I do?
First and foremost, we help clients navigate turbulent markets to avoid the temptation to panic and keep executing the financial plan that has been specifically designed with their goals and considerations in mind. Then, we make lemonade out of lemons and focus on actions that can add value long-term. That typically includes tried-and-true strategies such as systematic and disciplined rebalancing when portfolios drift from their intended targets and tax-loss harvesting. Yet another strategy that can potentially maximize a portfolio nest egg is a Roth Conversion at what is considered “bargain” or discounted prices.
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There is so much chaos and uncertainty confronting investors right now, with rising prices at the gas pump and grocery store, the Fed raising interest rates, volatility in stock markets, and a war in Ukraine, to name only a few. With so many unknowns, many investors are asking themselves, what should I do? What would a wise, informed investor do in these times?
This is a difficult question, but we do believe there is a simple answer. While we acknowledge that nobody can accurately predict the unexpected, together we can plan for the unexpected. And now is a good time to make sure you have that plan in place. Here is how we, at ML&R Wealth Management, approach this with our clients.
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ML&R Wealth Management is proud to announce we have been named as a 2022 Billion-Dollar Wealth Magnet and one of the Top 150 Firms by AUM by Accounting Today.
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Click here to view the selection criteria and methodology.
Third-party rankings and recognition from ratings services are no guarantee of future investment success. Working with a highly-rated adviser does not ensure that a client or prospective client will experience a higher level of performance or results. Ratings should not be considered an endorsement for the adviser by any client nor are they representative of any one client’s evaluation. Generally, rankings are based on information prepared and submitted by the adviser, or the amount of assets under management by the adviser. Please refer to the more thorough disclosure and additional information about the criteria used in making these rankings via the website of the publication and/or organization granting such recognition located here.
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On May 31, 2022, ML&R Wealth Management hosted a webinar with Apollo D. Lupescu, PhD, a highly regarded speaker from Dimensional Fund Advisors. Apollo spoke on Navigating Turbulent Financial Markets. He has the unique ability to convey the technical aspects of investing in a manner that is understandable and relatable to investors of various levels of financial acumen.
Apollo gave unique insights on topics such as:
- is it the right time to invest during volatile markets and significant geopolitical events?
- Fed interest rate changes and impact on stocks and bonds
- bond investing during historic low-interest rates
- inflation considerations
- market downturn mitigation strategies
- the disconnect between the market and the economy
- perspectives on investing in the big, dominant tech stocks
A recording of the webinar is included below.
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Employee Spotlight ~ Let's Talk to the Team
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In this year's Employee Spotlight we will be asking fun questions to the entire team and sharing their answers in this section!
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Introducing New Client Service Associate Bryce Currier
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Client Service Associate
Birthday: December 11th
Where is your hometown: Deerfield, NH
Do you have pets? If so, what kind(s)/name(s)? I do not currently have pets, however, that’s bound to change soon. I’ve always enjoyed having larger dogs. When I was younger, my family and I had a Newfoundland. Usually Newfoundland’s enjoy water but ours didn’t. He despised it.
What's your favorite indoor/outdoor activity? I’ve always enjoyed hiking. Back home in New Hampshire, I’ve done 5 out of the 48 4000’ hikes!
What's your favorite food? Italian Food is my favorite type of food. Italian cuisine is a big deal in Boston and my go-to spot is Trattoria Il Panino. My favorite dish of theirs is the Gnocchi alla Sorrentina. If you’re in Boston, check this spot out. You won’t be let down.
What's the most adventurous thing you've done? I visited 4 European countries in 10 days during my junior year of college with my friends. I will never forget the people that I met and the experiences I had.
What's your favorite sports team? I’m a New England fan at heart. Tom Brady spoiled us for 20 seasons. Go Patriots!
If you could visit anywhere in the world, where would you go? I’d want to visit New Zealand. The landscape is beautiful and I’ve heard nothing but great things about it from my friends that studied abroad. The only downside is the flight time.
What is your favorite part of working at ML&R? My favorite part about working at ML&R is the culture. Every employee genuinely cares about how I’m doing. Everybody wants to see each other succeed, and this is reflected through the firm’s ongoing success. Additionally, ML&R stays true to a healthy work-life balance. When I moved to Austin and was figuring out logistics, I was relived that I had time to find an apartment and explore the area.
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By Robert C. Merton, PhD, Nobel Laureate and Resident Scientist at Dimensional
Around the world, individuals are being asked to take on greater responsibility for their own retirement. In the US, for example, a combination of limited Social Security funding and a reduction in the number of defined benefit (DB) employer plans—historically, the primary retirement savings vehicle for many—is causing investors to make decisions they have never had to face about how to save for retirement.
By Kaitlin Simpson Hendrix, Senior Researcher and Vice President, Trey Roberts, Associate, Research
On May 4, the US Federal Reserve increased the target federal funds rate1 by 50 basis points as part of what the central bank said will be a series of rate increases to combat soaring inflation in the US. Some investors may worry that rising interest rates will decrease equity valuations and therefore lead to relatively poor equity market performance. However, history offers good news: Equity returns in the US have been positive on average following hikes in the fed funds rate.
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ML&R Wealth Management is Celebrating 25 Years!
1997 ~ 2022
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Subscribe to our 401(k) Plan Services Quarterly Newsletter
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Are you responsible for administering your company's 401(k) plan?
Would you like more insight and resources regarding the retirement plan services industry?
If so, please subscribe to our 401(k) Plan Services Quarterly Newsletter. You can check out the last few issues below.
See our latest Retirement Plan Services articles:
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What's Happening in Austin Next Month
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About ML&R Wealth Management:
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At ML&R Wealth Management, we take investing personally. Your ML&R Wealth Management advisor will work to develop a lasting relationship with you, keeping in touch to understand your changing goals and to provide an asset management strategy to help achieve them. Whenever you need sound financial advice, you have a direct line to a trusted advisor.
For over 25 years, we have served individuals, families, businesses, and nonprofits with wealth management services, custom retirement and 401(k) plans, and portfolio management.
We believe in accountability and transparency and operate as a fee-only advisor with fees calculated solely on assets under management.
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