Private Wealth Advisor, Nemeth & Petrushkin, A private wealth advisory practice of Ameriprise Financial Services, Inc.
I am passionate about working with my clients and want them to experience financial confidence now and in retirement. I will look at your entire financial picture — cash reserves, debt management, investments, protection and taxes, ask targeted questions and listen closely to your answers. I want you to feel confident that the advice I provide reflects your unique dreams and goals. Areas of Focus include: Womens' Financial Strategies, Family Finances, Retirement Income Strategies and Retirement Planning Strategies. CA Insurance#0C26916 Ameriprise Financial Services, Inc. is a broker-dealer and member of FINRA. Comments and "likes" should not be considered representative of client experiences, or indicative of future performance or success. While I appreciate the support of my clients, I cannot accept Recommendations or Endorsements due to Investment Advisers Act of 1940 rules which prohibit me from publishing a testimonial of any kind concerning the investment advice, analysis, reporting or other services I provide. For your privacy, please don’t post account or service-related information on this page. Instead, contact me directly. Please visit Ameriprise.com/social for more important disclosures and information.
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Remember what you deserve!
Prepare yourself: airports are going to be packed this summer. Yes, even more than usual! Airlines for America predicts passenger counts will be up 3.4% from a year ago, so you might want to take extra precautions to make the process easier on yourself and your family. http://bit.ly/2QwkDUs
Nowadays, adult children are moving home after college due to the financial burden of student loans, but experts say that doesn't mean they should live there for free. They suggest charging your kids rent, or asking them to contribute to household expenses. These alternatives could teach young adults how to budget and prepare for life on their own. http://bit.ly/2EJKUdk
Depending on where one sits, today’s economy may indeed be the best of times or the worst of times.
newsroom.ameriprise.com For individuals, the current condition is just about as good as it gets. But that enthusiasm is noticeably absent when looking at bigger businesses.
Our society, technology, and workplaces are evolving; the only thing that isn't is our biology! Experts say our brains have not yet rewired to accommodate today's distractions, so here are some tips on how to trick yourself into being productive. http://bit.ly/2QwoeBX
The relaxing feeling of the summer season is something we all look forward to, but don’t let it relax you so much that you stop tracking your spending. Since there are vacations, summer camps, and fun seasonal activities to partake in, it’s normal for people to spend a little more in the summer than the rest of the year, but make sure you plan for it. Be mindful of what money is coming in and going out.
money.usnews.com Use these strategies to pay off seasonal expenses without digging yourself into debt.
Ameriprise Research: Market uncertainty is high with odds for improving market conditions at 50/50. Investors should lean on the protective properties of bonds and avoid discounting their importance in a diversified portfolio based merely on their view of the rate environment.
College and graduate students might be out of school, but the learning never stops, so don’t think summer reading lists are a thing of the past! While you’re lounging by the pool, beach, or a park bench, consider cracking open one of these personal finance and improvement books. You’ll most likely learn something new and result in feeling more comfortable handling the details of your finances. It’s so important to empower ourselves with education.
forbes.com Before you pick up the latest paperback thriller to read by this summer consider giving your brain a little bit more of a workout. These 7 books are not only entertaining and informative, but they can also help you end your summer with a better handle on your finances, career, and life.
…but studies show fewer than 10% actually do. Make sure you don’t commit the “7 deadly sins” of retirement planning, and ensure you’re doing what you’re supposed to do to be able to stop working before 70.
Never stop challenging yourself!
May is the 9 year anniversary of the infamous “Flash Crash” of 2010 when some stocks fell by 9% in just 30 minutes. Though it was one of the most turbulent trading days in the U.S. stock market’s history, important lessons can be learned. Most importantly, crashes are rare but inevitable. It’s important to evaluate your portfolio with the understanding that crashes will occasionally come around, if it a crash would devastate your portfolio, some things need to be adjusted.
marketwatch.com A 9% one-day market decline occurs every 9 ½ years, on average, writes Mark Hulbert.
How many vacation days are you allotted? Next week's Memorial Day is generally known as the start of summer, signaling the time of year most people want to take time off for vacation. When it comes to paid time off though, studies show that when compared to the world's wealthiest countries, the U.S. is lagging. The good news is that more Americans have been taking their allotted vacation time, and studies have shown that workers who use their days tend to get promoted over those who don't. So this summer, make sure you take the time you've worked hard to earn! Kick back and relax.
If you are retired but still make an income on a contract or freelance basis, you probably qualify for a tax break you didn't even know about! There's a 20% tax deduction for businesses that are pass-through entities, which include 95% of all U.S. businesses, so if you are retired and receive a Form 1099, you might be eligible depending on a few variables. If you're unsure, give me a call and I'd be happy to work on it with you.
barrons.com People who have retired, but still pull down some income on a contract or freelance basis, might be eligible to take advantage of a sizable, though somewhat complicated, tax deduction.
Give every new opportunity everything you've got.
The trade dispute between the U.S. and China remains the elephant in the room for investors, according to Ameriprise Chief Market Strategist David Joy.
newsroom.ameriprise.com The latest escalation in the size and scope of tariffs reduces the likelihood that an agreement between the U.S. and China will be reached anytime soon.
The other shoe has dropped! Though the U.S. economy has been looking reasonably stable, the new U.S. tariffs and subsequent retaliations by China has experts wondering if we’re about to see a wobble in the balance. There doesn’t appear to be an end to the trade war in sight, but I remain optimistic that the impact won’t be too extreme before agreements can be made.
forbes.com Forward-looking highlights from GeoQuant's political risk intelligence platform.
Do you have what it takes to succeed in the Fourth Industrial Revolution? Although we’re still in the early stages of Industry 4.0, it’s already becoming clear what type of leaders will succeed working within the marriage of the physical and digital realms. Social Supers, Data-Driven Decisives, Disruption Drivers, and Talent Champions are the four types of people who have what it takes to create new revenue while doing good, understand new technology, use it ethically, and develop an empowered team. See the article to determine if you fit into a type, and if not, learn to arm yourself with the tools needed to excel in Industry 4.0.
forbes.com We are still in the early stages of Industry 4.0, which brings together physical assets—including machinery, vehicles and inventory—with digital technologies such as analytics, artificial intelligence, cognitive technologies and the internet of things (IoT).
Do you ever look back on your wedding with regret? No, not because of your spouse, but because of the way you spent your money. According to this article, 76% of people say they would do things differently if they had the chance, and 43% say there are things about their wedding day they regret. Although most can agree the good outweigh the bad, did you ever wish you spent more or less on certain parts of your big day? This wedding season, whether it’s you, a friend, or a family member saying “I do,” make sure they consider what’s really worth the money.
marketwatch.com Here’s where to spend more money and where cutting corners works best.
Market swings can mean different things depending on your stage in life. Learn how fluctuating markets can have an impact at any age.
cnbc.com As the longest bull market in history possibly wanes, it can be helpful to turn your attention to your own timeline. Here's how you should react and plan for volatility, depending on your age.
The US economy is exceeding expectations, so experts are wondering if it’s too good to be true. Unemployment is the lowest its been since 1969, there’s strong wage growth, and in July the economy’s expansion is going to become the longest in US history, surpassing the expansion of the 1990s, but can it last? Considering much of our economic growth is driven by consumer spending, and people seem to be spending, our economy appears steady. No one knows the future, but while we enjoy the robust economy of our present, we can certainly watch out for the potential warning signs of our future.
washingtonpost.com Everything is firing for an economy and jobs market that continue to defy expectations as the unemployment rate falls to a low not seen in half a century.
The definition of leadership is simple on paper, but in practice, it's different for everyone. For us, we strive to lead every family and individual we work with to financial freedom through proper education, communication, and execution. National Leadership Month is among us, so we're wondering, how do you lead?
While trade talks left markets spinning, there was encouraging news elsewhere. Ameriprise Chief Market Strategist David Joy weighs in.
newsroom.ameriprise.com U.S. equities in the S&P 500 endured their worst week of the year, falling nearly 2.2 percent.
Summer is right around the corner, and if you haven’t planned a getaway yet, you’re likely thinking about it! We all tend to splurge on our vacations, but there are some ways to save money on your rental so you can keep bigger goals in mind. Considering things like timing, location, transportation, and how big of a group you’re bringing along can make a big difference on your bottom line. On the other hand, if you’ve spent years being smart about the money you spend on your rentals and are feeling financially confident about purchasing your own vacation home, let’s explore that together.
money.usnews.com You don't have to break the bank paying for your summer getaway.
While market swings can be concerning, it’s important to keep things in perspective. If you have concerns about the impact of volatility on your finances, let’s talk.
usatoday.com Massive intraday swings in the Dow Jones industrial average can test even the steeliest investor. What you need is a little perspective.
Take a second and think to yourself: Do I thrive among the rigidity of following rules, or do I prefer the flexibility of broader principles? Of course, everyone is different, but a study shows employees tend to thrive under leaders who set guiding principles and therefore stay optimistic, flexible and grounded.
forbes.com As a group, high performers gravitate toward principles, not rules. The difference is huge. Rules cover specifics. Principles cover generalities and allow for adaptation. When high performers feel stifled by rules, they often disengage or even quit to start their own firms.
Are you relentless in the pursuit of your goals? According to this writer, knowledge of how to manage your expenses, how to invest, or how to optimize your taxes can only get you so far. He says you have to be all-in to reach financial success.
marketwatch.com Don’t do anything that distracts you from your goals.
You’re approaching retirement and your days of freedom are on the horizon, but you still have a few more years at the job you hate until you get there. How do you get through it? Remember your goal! It’s easy to get stuck on the minutia of your present, but instead, try catching yourself when you’re feeling cynical and focus on the good that’s coming. When you spend more of your time visualizing the retirement you want, the faster it’ll be here.
marketwatch.com Don’t do anything rash.
It’s a long process, but quitting won’t speed it up!
After ending last week on a positive note, trade talks have investors feeling uncertain.
newsroom.ameriprise.com Last week ended with investors feeling good about the prospects for the global economy.
Staying organized is essential when it comes to preparing for anything, but it is especially crucial to be ready for the unwanted event of a health emergency. The possibility of an unwelcome diagnosis or unforeseen disaster for you or a loved one is not something we want to think about regularly, but checking that your finances and insurance plans are organized at least once a year can take a significant stressor off your plate if the time ever comes. Having an emergency fund can also make all the difference in an unexpected disaster, so if you ask yourself "what if" and you don't know where you would pull money, consider setting up an emergency fund to support yourself through trying times.
cnbc.com Three things can reduce emotional pain and suffering during those difficult times that no one's really prepared for.
We’re all humans, and we all make mistakes. That’s perfectly OK! But the best way to move forward is to learn from your mistakes. Instead of harboring shame or embarrassment, embrace your error, use it to grow and move on! Mistakes can often be our most valuable teaching moments.
entrepreneur.com Instead of being embarrassed by your mistakes, look at them as tuition paid for valuable lessons.
How often do you allow yourself to be vulnerable and courageous? Not often enough, according to researcher and vulnerability expert, Brené Brown. In her new Netflix special, Brown highlights several important lessons found through her research, but overall, her findings conclude that being vulnerable is the one common thread among people who are happy and successful. In business, she explains, if there’s no vulnerability, there’s no creativity, and therefore no room for innovation.
usatoday.com Brené Brown touts the importance of vulnerability in her Netflix special, "The Call to Courage" out Friday.
We find the conversation surrounding student loan debt interesting since it's a hot topic for many. The issue spans across generations as many Millennials, GenXers, and Baby Boomers struggle to repay their loans, so not only can student loan debt sometimes limit options for young people trying to buy houses and start businesses, but it can affect those seeking to retire comfortably and at a reasonable age. Some economists say erasing the debt would boost the economy and create more jobs, and it would certainly be a financial relief for many people, but it’s hard to say if a program like this could deliver until we know more of the logistics.
The senator says wiping out college debt could create an "enormous middle-class stimulus." Economists agree — with caveats
Use them wisely!
Estimates of the first quarter U.S. GDP growth exceeded expectations. But the details were not quite as encouraging as headlines would suggest.
newsroom.ameriprise.com Strength from inventory rebuilding and trade improvement contributed to the Q1 growth rate, while both personal consumption and business investment slowed.
Be in the minority; don’t run out of money in retirement by relying on company retirement plans. A crisis has emerged, and according to this article, three out of four people with the best 401(k) plans do not have enough saved to sustain them through retirement. If you’re concerned about your retirement income, you may want to consider a comprehensive financial plan created with the help of an advisor. This approach is likely to include ways to generate alternative forms of income in retirement, and therefore reduce stress surrounding your future.
marketwatch.com Many workers don’t save enough for retirement or undermine themselves — still, there are a few fixes.
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