The Architecture Of Wealth - Well-Balanced Wealth Building
Education:How To
Podcast Show Notes – The Architecture of Wealth
Date: 6/5/2022
Name of podcast: The Architecture of Wealth
Episode Title: 4 Ways to Make the Most of a Market Downturn
By taking inventory of your risk tolerance, you can take advantage of this lower market. Here are four ways to make the most of a market downturn.
For information about Sona Wealth Advisors: www.SonaWealthAdvisors.com
Summary:
In the wake of a bad week for the market, now is a good time to evaluate your risk tolerance. And checking your risk tolerance via your financial plan and investment strategy can help you find ways to leverage a lower market. You should be doing this on an ongoing basis. Then, these things will affect you less and less.
Here are four ways to take advantage of this market downturn:
Also, small business owners may not know their full income for the year and how much they can afford to frontload.
Anything with a Roth has a five-year rule, including each Roth conversion. Each conversion has its own five-year rule.
One strategy is to convert higher-risk, higher-growth potential assets from your traditional IRA with the idea that they will grow more inside your Roth. Lower-risk assets will be in your traditional IRA.
Timestamps:
0:00 Introduction
2:25 Self-Check with Risk Tolerance
3:26 First: frontloading
6:12 Second: put cashflow to work
7:57 Third: tax loss harvesting
9:07 Fourth: Roth Conversions
Mark Struthers
www.SonaWealthAdvisors.com
Chanhassen, MN 55317
The Architecture of Wealth Podcast is for educational purposes only. Investment Advisory Services are offered through Sona Financial LLC (DBA Sona Wealth and Sona Wealth Management), a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed during this show/episode should be viewed as investment advice. If you have questions pertaining to your specific situation, please consult your own financial professional.
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