Tomren Wealth Management

Americans in 2026 are applying for fewer mortgages than they were during the Great Recession.
People aren't staying out of the market because they can't qualify. The market is gridlocked. Here's why. 👇

1️⃣ Millions of homeowners locked in at 3 percent during the pandemic. Selling means giving that up for another mortgage that may have a higher interest rate.

2️⃣ If existing owners aren't selling, inventory can become thin, prices might stay elevated, and buyers wait for something to change.

The better question isn't "When is the right time to buy?" It's "Am I financially ready to move when the right opportunity comes?" 📋

Planning for education costs? A 529 account can be a smart place to start. According to a Fidelity article, for the ‘25-’26 school year, the average published all-in cost at a 4-year public school for out-of-state students is $45,780, and the average private school costs $60,920.

What 529 plans actually do:

📚 Tax-free growth and tax-free withdrawals for qualified education expenses. State tax treatment will vary, and so will fees and expenses.

📚 Use them for college, trade school, K-12 tuition, and apprenticeships. A 529 can even repay up to $10,000 in student loans. Grandparents, parents, aunts, or uncles can contribute. And starting in 2026, the K-12 annual withdrawal limit doubles to $20,000.

May 29 is a great reminder to review your education savings strategy, open an account, or make a contribution toward a loved one’s future.

#529

Memorial Day marks the unofficial start of summer by spending time with family, sunshine, and enjoying a long weekend.
But at the heart of this day is something much deeper.

Today, we remember and honor the brave men and women who served our country and gave everything. We are here, living freely, because of their sacrifice.
However you spend today, take a quiet moment to reflect, remember, and hold space for the true meaning of Memorial Day.

Think you have to start claiming Social Security at 62?

The decision of when to claim is one of the most consequential decisions when preparing for retirement.

➡️ Claiming at 62 locks in a permanent 30 percent reduction compared to waiting until full retirement age.

➡️ Waiting from 62 to 70 can increase your monthly benefit by approximately 77 percent.

➡️ Benefits are based on your highest 35 earning years, not just what you made before 65. Working past 65 can improve your calculation.

For a benefit designed to last 20, 30, or more years, the math is worth getting right. 📊

Your retirement plan may cover income, investments, and Social Security — but does it account for future care needs?
Long-term care planning is a conversation many families wait too long to have.
Have you started this conversation with your family or financial professional?👇

Americans over 70 hold more than 30 percent of the country's wealth, even though they represent just 11 percent of the population.

Here's to honoring the wisdom, resilience, and life experience from the generations who have helped shape our families, workplaces, and communities and continue to inspire our future.

Whether you're in this chapter, approaching it, or helping a parent navigate it, here are some of the considerations that come into play:

1️⃣ Required minimum distributions that force withdrawals whether you need the income or not

2️⃣ Medicare timing and long-term care options, including whether a continuing care retirement community makes sense

3️⃣ Power of attorney conversations and making sure the documents are accessible

The earlier these conversations start, the more options there may be on the table. 🙌

According to the American Psychological Association…

Money stress is one of the leading causes of anxiety—ahead of work, relationships, and health concerns.

May is also known for Mental Health Awareness Month, and it's worth acknowledging what we see in this work every day: financial decisions carry emotional weight.

Will I have enough? Am I doing this right? What if something changes?

Looking ahead can help make the weight lighter, not heavier. If your financial life feels like a source of stress instead of clarity, that's worth paying attention to.

The air up there just feels a little different. 🌉

Michael Tomren and his wife, Shawna, alongside Brian Sullivan and his wife, Hong Le, recently attended the “Financial Services Reimagined” event at Salesforce Tower hosted by Salesforce.

A fun evening of industry conversations, incredible San Francisco views, and a little reminder that sometimes the best work events are the ones you get to share with your work family. 🤝 🥂

Thank you to Salesforce for hosting such a memorable evening!

Retirement is one of life’s biggest transitions, and preparing for it goes far beyond investments alone.

Join us for Rejuvenate Your Retirement® — an educational course designed to help retirees and those nearing retirement better understand today’s financial landscape and the decisions that can impact long-term confidence.

Topics include retirement income, taxes, market volatility, healthcare considerations, and creating a plan that supports the lifestyle you envision for the years ahead.

📍 San Ramon
📍 Amador Rancho Community Center

This course consists of two engaging educational sessions designed to provide practical, real-world guidance in a welcoming environment.

ENROLL NOW:

Available Courses Rejuvenate Your Retirement® is a course for retirees age 65+ that walks you through post-retirement financial planning to achieve your retirement goals.