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Dream Financial Planning Monthly Newsletter

Plan Proactively, Invest Intelligently, Minimize Taxes

April Newsletter

Thanks for reading the April Newsletter from Dream Financial Planning.

When Everyone’s a Genius (A few thoughts on market speculation)

Investors play different games. GameStop at $400 (back in February), a share makes no sense if you’re a long-term investor. But if you’re a day trader betting it will go to $401 in the next hour, it might be a great buy. A lot of financial debates don’t reflect people actually disagreeing with each other, but people playing different games talking over each other.

Source - Morgan Housel – read the full blog post above.

I was reading The Big Picture blog by Barry Ritholtz this morning and was reminded of all the good information in JP Morgan's Guide to the Markets. I’ve actually read through the whole slide deck, but I’m guessing you have better things to do with your weekend.

You can view a few of Barry’s favorite charts here, and I’ve included my favorite below. I’ll be using a few of these charts in client meetings going forward, so if you’re a client, remind me to pull them out during our next meeting. If you have any questions feel free to send me an e-mail.

                             Source: JPM Chase

9 Big Investing Mistakes

Everyone makes mistakes. That's part of being human. When it comes to your hard-earned money, limiting big investing mistakes starts with awareness of what to avoid. If you can minimize big losses, your path to financial success will be much easier.

The chart below shows how hard you have to work to recover from investment losses.

                                                                                                  Source – www.ibd.com


When you work with Dream Financial Planning, we’ll craft a customized investment strategy that aligns with your preferred risk tolerance. Our free quiz evaluates a number of factors, such as your portfolio size, goals, and risk tolerance. In addition to explaining your risk score, the quiz will also provide insight into how to match your asset allocation with your preferences, as well as the performance you can expect based on your risk score. You can learn more about Riskalyze here.

March Blog Posts from Dream Financial Planning

COVID-19 & Tax Season: The IRS Has Extended The 2021 Tax Filing Deadline

The IRS has extended the tax filing season for a second time since the start of the COVID-19 pandemic. Here's what those who have yet to file their tax return need to know.

April Is Financial Literacy Month. Do You Have These 5 Finance Basics Down?

With Spring on the way, April brings us another reason to celebrate - it's Financial Literacy Month! Test your own financial knowledge by reviewing these 5 must-know money basics.

Complimentary Consultation

With uncertainty surrounding the economic stability of our country, it's okay to have fears and anxieties surrounding your own savings and investments. The most productive course of action from here is to reach out to Dream Financial Planning (or whoever your trusted advisor might be) and discuss your options. It's easy to have knee-jerk reactions when it feels like the bottom is falling out, but it is imperative to make decisions using research-backed data and a level head. If you'd like a Complimentary Review and risk assessment of your investment portfolio feel free to send me an e-mail.


February Newsletter

If you're looking to buy your first home, you'll want to read this month's Newsletter. In my February Newsletter, I discuss how student loans could affect your ability to buy a home with Megan Leonhardt of CNBC. There are also blog posts that discuss 7 Tax Deductions For The Self Employed and 4 Common Mistakes Made by First Time Homebuyers.

January Newsletter

Will your portfolio allocation lead to a $100,000+ mistake? In my Newsletter, I discuss the benefits of an aggressive portfolio allocation for those in their 20s and 30s. There's also an article from The Wall Street Journal where I discuss the benefits of Flex Spending Accounts. Last but not least, there's a blog post about The Breakdown On Capital Gains & Taxes and Vanguard Portfolio Allocation Models.

December Newsletter

This month's newsletter is filled with information about Stock Options, Budgeting Resolutions, and Tips to Maintain a Work-Life Balance.

November Newsletter

This month's Newsletter is filled with year-end Financial Planning topics you should consider. Including open enrollment, optimizing your 401k, and tax-loss harvesting

October Newsletter

In this month's newsletter, I discuss how the stock market doesn't historically care who's in the White House. I also share a Fox Business Network article, where I'm quoted, about paying down debt or investing.

September Newsletter

I've been getting a lot of questions recently about Insurance, so I discuss in this month's newsletter. Before you buy Insurance, make sure you're working with a Fiduciary and ask about the agent's fees and commissions, which are often very high or hidden for Whole Life Insurance products and Annuities. How do you know if this is what they're trying to sell you? Look out for terms like cash value, guaranteed return, no risk, or tax-free growth.

August Newsletter

In this month's newsletter I discuss why I started Dream Financial Planning and the foundational principles of my firm. I also included two downloadable PDFs. One highlights what you should consider when paying off your student loans. The other provides guidance on Income-Driven Repayment ("IDR") Plans, which can be an attractive option for federal student loan borrowers.

July Newsletter

In this month's newsletter I shared an article that discusses Regulation Best Interest vs. the Fiduciary Standard. I also included two downloadable PDFs. One highlights how to make sure your Health Savings Account (HSA) distributions are tax-free. The other provides guidance on if you should contribute to a Roth or Traditional IRA.  Last, but not least there are articles on the recent jobs report, first time home-buyers, and mortgage refinancing.

June Newsletter

Are you considering a Roth Conversion? I included a downloadable PDF flowchart to help guide you.  I also mention the surging Stock Market and better than expected unemployment numbers. There's also a friendly reminder about the difficulties of trying to time the market.

May Newsletter

What should I do with my 401k?  This is a question I've been getting a lot recently, I answer it in this month's newsletter. I also include two downloadable PDFs.  One is a checklist that outlines the primary issues you should consider when reviewing your taxes.  The 2nd checklist outlines what you should do if you lose your job in these difficult times. 

April Newsletter

I discuss the recent economic stimulus package and what it means for you. I also include two downloadable PDFs with helpful tips to help you navigate these trying times. Lastly, I discuss the Behavior Gap, and how holding your emotions in check is essential for financial success.

March Newsletter

In the words of Warren Buffet. “Be fearful when others are greedy and greedy when others are fearful.” Topics include Market Volatility, trying to time the market, and Mortgage Rates.

February Newsletter

Topics include Millennials and home ownership, a tax calculator from the IRS, and January blog posts from Dream Financial Planning.

Disclaimer: Dream Financial Planning, LLC does not warrant that this information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall Dream Financial Planning, LLC be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if Dream Financial Planning, LLC or a Dream Financial Planning, LLC authorized representative has been advised of the possibility of such damages. Please consult with your own advisor before making any changes to your Financial Plan, Investments, or Insurance coverage.