When the market is down and your investments are losing money, your financial health feels like it is spinning out of control. Take control back, here are some ideas for how to make lemonade from a basket of lemons. Recognize losses- don’t forget they can be carried forward if you do not have gains this year. Lowering your taxable gains with losses reduces the amount of taxes you pay this year.
Consider Roth Conversions at reduced rates
Rejoice that Treasury Bills are paying 4%
Financial Planning is more than investment management-focus on other areas such as estate planning or budgeting
Get your financial house in order
- Understand the risks you are taking
- Make sure you have emergency savings
Spend money smarter, review your bills, look for discounts, do you need so many subscription services? • Invest in your human capital
- Investing in yourself to learn new job skills or improving on the ones you currently have, puts you on the path to earn more, to be promoted, be a more valuable employee
