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Author: Minich MacGregor Wealth Management

Financial vampires

Financial Vampires #1

Have you seen vampires lurking in the night?

The image of a bloodthirsty creature that evades sunlight and drains its victims’ life force is probably what came to mind.

Thankfully, these vampires are entirely fictional, so there’s no real threat. However, there’s another type of vampire that is very real – and it’ll sink its teeth into your funds.

We’re talking about the financialvampire.

What is a financial vampire? The term refers to an individual or habit that gradually drains your financial resources.

Every week this Halloween month, we will share one or two financial vampires with you. 

One such creature is called the carefree vampire.

This laid-back vampire represents overpaying for the ease of convenience paired with a lack of planning ahead. Overpaying for the same insurance instead of actively looking for better deals; forgetting to prep snacks and instead buying them at the gas station for your kids’ soccer game; using food delivery apps, which are always faster than making dinner.

These purchases aren’t always unnecessary, but they do add up. Indulging in convenience sometimes comes at a higher cost than we think. 

Financial vampires come in many forms, and learning to recognize them can help you transform your spending habits. Reviewing your expenses regularly, tracking your spending, and keeping unnecessary spending in check can help you stay on budget…and ward off vampires better than any clove of garlic ever could. 

Happy Halloween!   

Q4 Financial Checklist Image

Your Q4 Financial Checklist: 5 Things You Should Know Before Year-End

“To know what you know and what you do not know, that is true knowledge.”
—
Confucius1

This quarter’s checklist is all about increasing your knowledge…by examining what it is you know to find out what you do not know. 

Your financial life is vast and complex.  Almost everyone’s is, to a degree.  There are so many things to keep track of.  So many things that need doing.  So many boxes to check, dates to remember, and bits of data to organize. 

Our job is to handle as much of this for you as possible.  However, it’s easy to sometimes realize:

I don’t know why I do X. 

I don’t know whether I’ve done Y. 

I’m not sure where to find Z.

Figuring out what you don’t know (and then taking steps to close those gaps) is one of the best ways to feel clarity about your financial present and confidence in your financial future.  So, this quarter’s checklist is designed to help you bridge those gaps, if and where they exist.  Some of the items may not apply to you; some you may be able to check off instantly.  For any you can’t check off, let us know, and we can work together to fix it!

In the meantime, we wish you a great fourth quarter and a happy holiday season!   

Q4 Financial Checklist for 2026

Tip: Print this out and stick it on the fridge or somewhere else it will be seen.  That way, you can check off the items one by one as you complete them! 
▢ I Know How Much I’m Contributing to My Retirement Accounts
Many people treat retirement accounts — especially 401(k)s, but Roth and Traditional IRAs can apply here too — with a “set it and forget it” mindset.  That means they often don’t know how much they are actually contributing each year.  Are you contributing the maximum permissible amount?  Are you contributing enough to take advantage of employer matching?  Or to reach your retirement goals on time?  If you can’t think of your number, or if you don’t know how to find out very quickly, it’s time to change that.  
▢ I Know Exactly Why I’m Invested the Way I Am
Notice the word “why” as opposed to “what” or “how.”  While it’s always important to know what investments you own, the real knowledge here is why you own them.  The philosophy behind your asset allocation.  The thinking behind your level of risk.  The tax consequences and implications for your income in retirement.  Is it necessary to know every detail?  No.  But the more you truly understand the why, the greater your confidence and peace of mind can be during market ups and downs.  The acid test: Can you explain your portfolio to someone else?  If not, that suggests we can work on this. 
▢ I Know Where Everything is Located
The totality of your financial life is expressed in documents.  (So, so many documents.)  Tax forms and receipts.  Quarterly statements.  Deeds and titles.  Wills, trust agreements, medical directives, power of attorney.  All of them are important.  Some tend to sit, unread, for months or years at a time.  All may be required at a moment’s notice.  Do you know where to find each one?  Do you know the account logins and passwords for each?  And does a loved one know, too, in case they ever need them on your behalf?  Organization is an important part of financial success, so if you can’t recall where something is or how to access it, we’ll help you figure it out! 
▢ I Know Who My Beneficiaries and Executors Are
This one is less about remembering and more about doing.  Have you actually decided on your beneficiaries?  Have you officially designated them?  Have you settled on an executor?  Do you need more than one?  Have you told them?  Have you discussed their responsibilities and compensation?  And have you reviewed all these people in the last few years to make sure they are still the right fit?  If the answer to any of these questions is “No” or “I don’t know,” let’s address it. 
▢ I Know How Much I Pay in [X] Each Month
Let’s face it: The days of balancing a personal checkbook are pretty much over.  Everything is online and often automated these days.  That’s great for convenience, but it does insert a kind of distance between us and our money.  As a result, it can be easy to let our cash flow become inefficient.  To waste money on unnecessary expenses.  To pile on debt.  That’s why the final bit of knowledge to gain this quarter is exactly how much you are paying in the following areas:
* Interest (on credit cards, personal loans, student loans, etc.) 
* Subscriptions
* Fuel and energy
* Insurance premiums
* Fees, fines, and penalties
When you know what you are paying in these areas, as opposed to simply paying them automatically, we can look for ways to optimize your monthly finances, sacrificing less on the short-term altar so that more can be reserved for the long.  We can also look for alternatives that may potentially help you do more, get more, and save more.  Let us know if we can help!
AI Bubble Lifeboat image

AI Bubble Lifeboat Drill

Why it’s best to conduct lifeboat drills in calm water

We want to talk about the markets. Not because they are volatile…but because they are calm.  

We’ve never been one to predict markets, and we certainly won’t start now. But we’ve been in this business for many years. We’ve seen good times, bad times, and everything in between.

Right now, we are seeing a ton of excitement and cash spent building AI and all the infrastructure around it. This isn’t the first time a new technology has come along and changed the world. We saw the steam engine and railroads spread throughout the country. From the first glimmer of light in Thomas Edison’s workshop to the modern power grid, we have now. Diseases that would have killed you fifty years ago are now nothing more than a mild inconvenience. And of course, the internet and personal computer changed everything too.

All were exciting. All changed the world. All were expensive. And all, at some point, were overbuilt or overexpanded. Each brought change, excitement, capital spending, and yes, fear.

That leads us to where we are today. There is more fear building around AI. Not just the technology itself, but the capital spent on it and the debt taken on to fund that spending. Debt that has many people wondering: Is this a bubble?

We are often asked that question. “Is this a bubble?” Our answer: We have no idea. We honestly believe no one knows that with any real certainty. Nobody rings a bell at the top.

Here is what we do know. If it does turn out to be overbuilt, history tells us these things tend to unwind over time, not all at once. That doesn’t mean there won’t be sharp moments along the way; there usually are. We watch valuations, debt levels, and how companies are spending that capital. That is what active management is for. Not predicting the future but paying attention to it.

Take a look at the chart below. Every shaded band is a real bear market since 1950. Every single one recovered.

These days, many people are solely “passive investors.” Passive investing says, “just buy the index.” If a company is in the S&P 500, you own it. Great company? You own it. Overpriced company? You own it too. There is no real decision being made. You simply accept whatever the index gives you.

Active management is different. There are actual people behind the portfolio doing the work. Studying companies. Meeting with management teams. Looking at valuations. Deciding what is worth owning and what isn’t.

The indexes you see in the headlines are heavily weighted in just ten stocks. Right now, those ten make up about 40% of the S&P 500.¹ That isn’t diversification. That’s concentration. We’re glad our portfolios don’t run that concentrated.

While we believe active management to be a real advantage, it does not mean we are shielded from a dip. Our portfolios still hold equities (stocks), and they move with the broader market. If stocks fall, we will feel some of that too. What active management gives us is the ability to make decisions during that fall, not immunity from it.

We own equities by choice, because we believe you have to own stocks in a world of ever-increasing prices. Stocks have historically been one of the only investments that consistently grows purchasing power over time.

That growth comes with a price. Fluctuations in the short term, and sometimes severe fluctuations. Going back to 1945, the average bear market has brought a decline of around a 1/3.² It is also worth remembering that every one of those bear markets ended, and the market went on to new highs afterward. The pain has always been temporary. The growth has always outlasted it. That trade-off, short-term discomfort for long-term gain, is the price of admission to long-term financial independence.

We don’t mean for this email to be doom and gloom. It’s far from that. We’re optimistic about the long-term future of our investments. But we’ve done this long enough to know that rough seas can arise from time to time. And as a ship does at sea, it’s better to run a lifeboat drill in calm waters than when the storm is raging.

We believe in our investments. We believe in our portfolios. We believe in the plans we’ve built together to help you reach your dreams and goals. Rough seas will come, but just as they come, they will pass. Your team here at Minich MacGregor Wealth Management will be here to guide you through both calm and rough waters.

In the meantime, if you have any questions or concerns about the markets, AI, or anything else, we always welcome the opportunity to talk with you. Thank you again for allowing us to be your captains in both calm and rough seas.

¹ The 10 largest companies in the S&P 500 account for about 41% of the index’s total weight, down slightly from a 2025 peak. Source: Visual Capitalist, April 2026. https://www.visualcapitalist.com/sp/largest-sp-500-stocks-in-2025-tema-01/
² Since 1945, the S&P 500 has fallen an average of 33% during bear markets. Source: CBS News/PBS News, citing market data through 2025. https://www.cbsnews.com/news/what-is-a-bear-market-stocks/

Plain English: Translating the Language of Financial Professionals

As financial advisors, one of our “unofficial duties” is acting as a sort of translator: Taking financial terms, jargon, or legalese that may be important but are often hard to understand or more confusing than they need to be and explaining them in plain English.

We must admit, though, that we financial advisors slip into our own sort of language, sometimes. Our profession uses terms and idioms that make perfect sense to us, because we use them daily…but that may seem strange to others. So, in this message, we thought it would be good to break down some of those terms that we are often asked about. You may hear financial professionals use these terms in conversation, on their websites, or even in the media.

Basis Points. A basis point is one one-hundredth of a percentage point, or 0.01%. So, ten basis points equals 0.10%. Twenty-five equals 0.25%, or a one-quarter of a percent. And 100 basis points equal 1%.

Financial professionals often use the term when talking about changes in interest rates, bond yields, or even compensation. The obvious question here is, “Why?” Why use some obscure term instead of actual percentage points? We promise, it’s not to sound overly technical or mysterious!

There are two main reasons to use the term. The first is to actually avoid confusion rather than create it. Let’s say someone told you that a 4% interest rate “went up by 1%.” The question immediately becomes, “is the interest rate now 4.04%…or 5%?” In other words, did the interest rate rise by 1% of 4%, or 1% above 4%? By saying “interest rates went up by 100 basis points,” it immediately becomes clear that the rate is now 5%.

The other reason is because it can sometimes be hard to wrap your head around decimals. When we talk about numbers 0.05%, or 0.27%, it might not immediately be apparent whether those numbers represent something significant or nearly meaningless if you don’t know the context. By saying “five basis points” or “twenty-seven basis points,” we are using larger, rounder numbers that can be much easier to grasp.

Hopefully, your understanding of this just went up by 10,000 basis points.

Risk Tolerance vs Risk Capacity. All investing, as you know, involves some risk. The possibility of loss or some other negative consequence can never be eliminated. Understanding how much risk you are willing and able to accept, however, is crucial to investing successfully.

Note those two words, willing and able. The former reflects your risk tolerance. How much risk you can mentally handle; how much volatility you can feel comfortable with emotionally. If you take on more risk than you can tolerate, it will often lead to making sudden, snap decisions down the road which can seriously alter the time it takes to reach your financial goals.

Your risk capacity measures something a bit more objective: How large of a loss you can technically afford without altering your lifestyle or giving up your goals. It’s important for a financial advisor to assess both tolerance and capacity, because the answers will dictate when, how, and how much you actually invest.     

Fiduciary. This is an important term when talking about investment advisers. Investment advisers are fiduciaries to their clients. That means we have a duty to act in our clients’ best interests and not put our own interests ahead of theirs.

An investment adviser’s fiduciary duty includes both a duty of care and a duty of loyalty. The duty of care includes providing investment advice that is in a client’s best interest based on the client’s objectives. The duty of loyalty means, among other things, that an adviser must not subordinate a client’s interests to its own and must appropriately address conflicts of interest.

In plain English, being a fiduciary means that the relationship is centered on serving the client’s best interests. It is an important responsibility—and one that applies throughout the advisory relationship, consistent with the scope of services the adviser and client have agreed upon.

Holistic. What do you think of when you hear the word “finances?” Your income? Taxes? Investments? Or do you think of them all together? If so, good. That means you’re thinking holistically!

Holistic is a word you’ll often hear among financial professionals. That’s because your finances are more than just your income, your investments, or any one thing. It’s everything, all interconnected. And when you can get all these different areas working in sync, each will become stronger as a result. They’re like organs, all intended to work in concert to ensure your overall financial health. And that’s what holistic means, in a financial context: Every area of your money planned for and maintained in reference to each other, forming a single whole.

Wealth Management vs Asset Management vs Capital Management. You will sometimes see these terms on a financial professional’s website or business card. Generally speaking, each describes which areas of finance the professional chooses to focus on. “Wealth management” goes back to the holistic idea we just talked about: Services that cover a person’s entire financial life. Asset management focuses more on the investment side of things: Stocks, bonds, real estate, and more. Capital management often means the same thing, although it can also refer to managing an organization’s finances rather than an individual’s. (It’s worth noting that even if a financial professional’s business name says, “capital management,” for example, they may still offer total wealth management, too.)

Hopefully this makes the language of financial professionals a little less mysterious. Have a great month!

September 11

September 11: Twenty-Five Years Later | Remembering the Helpers

“When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers.  You will always find people who are helping.” — Fred (Mr.) Rogers

Where were you when the planes hit?  When the towers fell?  Where were you when, 25 years ago, the world changed forever?    Do you remember what you thought?  What you said?  What you felt? 

Most people, we think it’s fair to say, felt grief, anger, and fear.  Fear most of all.  Fear that it would happen again.  Fear that it was no longer safe to fly or be in a well-known public place.  Fear that a terrorist attack could occur anywhere, anytime, without warning.    

But as the weeks turned into months, and the months into years, we’ve found that the fear has largely faded and been replaced by something else.  Hope.  Resolve.  Even inspiration.  Partly this is due to the passing of time, but we think there’s another reason, too.  You see, in the years that followed, more and more stories started emerging from the aftermath of September 11.  Stories demonstrating all that is good and great about humanity.  Stories proving that fear will never be as strong as courage or as enduring as kindness.   

Stories of people helping. 

In honor of those people, we thought it would be good to share four of their stories with you today. 


The Window Washer.  For Jan Demczur, the day began like any other.  One of the World Trade Center’s many window washers, he ate breakfast in the lobby of the North Tower before taking the elevator up to the 70th floor with five other men.  But before they could reach their destination, three things happened.  First, the elevator began to rattle.  Then, it came to a jarring halt.  Finally, it fell.

The first plane had just struck the North Tower.     

One of the men managed to push the emergency stop button, but their trouble was just beginning.  It was like something out of a horror movie.  None of the other buttons would get the elevator to move, and when they reached someone on the intercom, all they were told was that there had been an accident…before the line went dead. 

Then the smoke appeared. 

Together, the men were able to pry the elevator doors open…only to find a solid wall of sheetrock on the other side.  On the wall was the number 50, which meant they had fallen all the way to the 50th floor.  A floor the elevator was never meant to stop at. 

It would have been so easy to panic.  So easy to freeze.  Fortunately, Jan did neither.  Instead, he took stock of what he had to work with: A bucket, some cleaning supplies…and a squeegee.  “Maybe this will work,” he said.1  Jan removed the blade from the handle and began to gouge the sheet rock, trying to break his way through. 

Imagine that for a second.  Trying to scratch and scrape your way through layers of drywall, in an elevator shaft, as more and more smoke leaks in…with no knowing what’s on the other side.  It seems like a hopeless situation, but Jan did not let it deter him.  As one of the other men, Alfred Smith, later said, “He kept working at it.  It was like he was meant to do it.” 1 

But then came a heart-stopping moment.  Jan’s hand grew tired.  His grasp slackened.  And the blade slipped…down the elevator shaft and gone forever.  But still, Jan did not stop.  He switched to the 6-inch squeegee handle, resorting now to brute force.  “It was like he had a willpower that we are going to get out of here,” Smith said. 1 

Finally, Jan made a fist-sized hole near to the other side.  The men kicked and punched through one last inch of sheetrock…to find themselves staring into a restroom.  They squeezed through one at a time, where a group of firefighters told them to leave as fast as they could.  They raced down the stairs to freedom…escaping with only five minutes to spare before the tower collapsed. 

As one of the other men later put it, “[Jan] was the man of the hour.  I think of him as a guardian angel.” 1 

The Guide.  Roselle was asleep on the 78th floor of the same tower when the first plane struck fifteen levels above.  She awoke to chaos. 

A study found that over half of the people below the impact did not immediately evacuate after the crash.  It’s understandable: Nobody would have quite known what happened.  To make matters worse, 55% of people soon had to brave smoke on their floor; 54% people had to deal with falling debris.  31% encountered fire, and 15% were left in the dark, on a floor with no power.2  There was also noise, crowding, damaged elevators, and even jammed doors.  But Roselle kept her head.  She got up and calmly led her owner to the nearest stairwell. 

Roselle was a guide dog for the visually impaired. 

We imagine there was something very calming about seeing Roselle that day.  When everyone else was desperately trying to figure out what was going on, there was Roselle, loyally doing what she had been trained to do.  Her owner, Michael, said Roselle’s calm helped him feel like he was in no imminent danger.  It must have helped others feel that way, too, because soon, thirty other people joined them, all following this one dog to safety.  Together, they made it down seventy-eight flights of stairs.  The journey took over an hour…just as the South Tower collapsed.     

Even that — even that — did not affect Roselle.  As Michael later said, “While everyone ran in panic, Roselle remained totally focused on her job.  While debris fell around us, and even hit us, Roselle stayed calm.”  She led Michael to a subway station, where they were able to rescue yet another person: A woman who had been blinded by the dust cloud. 

“Don’t worry,” Michael told her.  “I have a guide dog.”3 

The Boatlifters.  When the first plane struck, professional first-responders all over New York City raced into action.  But they were not the only ones.  Even as fire trucks, ambulances, and police cars weaved through traffic, something else was streaming towards lower Manhattan: boats. 

It started with Captain Richard Thornton, ferrying commuters over the Hudson River.  Seeing the smoke coming from the North Tower, he instantly knew what to do.  “We immediately just took off.  We stole the boat…we didn’t tell anybody,” he later said.4

As they approached, Thornton saw the second plane hit.  Despite feeling overwhelmed, he docked his boat at the closest pier to Wall Street.  Hundreds of people “swarmed onboard, filling it well beyond its 399-person capacity.”  Thornton dropped them off in Hoboken, New Jersey, and then immediately turned back for another trip.  But this time, he was not alone.  A radio call had gone out for “all available boats.”  With Manhattan essentially sealed off, the water was the only way out.  So, within minutes, ferries, tugboats, private boats, party boats, and diving boats all arrived on the scene, evacuating hundreds of thousands of people to every other part of New York.  It was the largest boatlift in history.  Even larger than the one at Dunkirk in World War II, when the entire British army was evacuated from France.5

“I never want to say the words ‘I should have,’” another captain, Vincent Ardolino, later said.  “Never go through life saying you should have.  If you want to do something, you do it.” 5 

The Volunteers.  Most people didn’t see the events of September 11 up close.  They had to watch on their TVs, hundreds or even thousands of miles away.  If you were one of them, you probably remember how easy it was to feel helpless.  Hopeless.  Like there was nothing that could be done.        

Not everyone felt that way. 

Take Nick Branham, a young man from Kentucky.  By his own admission, Nick had never thought much about others, spending most of his time “hanging out with bad people.”6  But September 11 changed all that.  As the day went on, Nick felt more and more like he was being called.  “I just kept feeling worse and worse,” he later said.  “It was the strongest feeling I’d ever had.”  So, Nick took out all the money he had, hopped in his car, and drove 700 miles to New York City.  When he arrived, he went up to the first policeman he saw and asked where to volunteer.  The policeman directed him to Ground Zero, where he joined thousands of other volunteers, all helping to dig and move rubble.  Looking for anyone left alive. 

“It was the biggest team effort you’d ever seen in your life,” Nick later said.  “nobody was saying a word to anybody besides encouragement.” 

When it was over, Nick returned home a changed man.  He cleaned up his life, married, had a son.  “I really did take a look at my life and see what I could do to change it…and I have.  The possibilities are endless of what will come out of helping someone.  Any chance you get to help someone, help them.” 6   


Twenty-five years later, while the horrifying images we saw that day may still be emblazoned in our minds, it’s the stories of the helpers that live on.  It took years of planning for the terrorists to express their hate.  But it took regular, ordinary people only seconds to decide to help. 

That is the true legacy of September 11.  A day that shows us all how courage, kindness, and love can never be defeated.  As Mr. Rogers once said: “In times of disaster, I remember my mother’s words.  I’m always comforted by realizing that there are still so many helpers — so many caring people in the world.”     

The news is always filled with scary stories and images.  There will be hard days in the future, affecting families, communities, cities, even our entire country.  But when things seem scariest, let us never forget September 11…and always remember to look for the helpers. 

You will always find people who are helping. 

1 “A Window Washer and his Squeegee,” 911 Memorial, www.911memorial.org/connect/blog/Jan-Demczur.
2 “How did people respond and evacuate in WTC Twin Towers in 2001?” National Fire Protection Association, www.fujipress.jp/main/wp-content/themes/Fujipress/phyosetsu.php?ppno=DSSTR000600060009
3 “Rescue Dogs of 9/11: Roselle,” Cesar’s Way (Archived), www.web.archive.org/web/20120421232007/http://www.cesarsway.com/news/dognews/Rescue-Dogs-of-911-Roselle |
4 “Ferry Captain Answers Call for All Available Boats,” 911 Memorial, www.911memorial.org/connect/blog/ferry-captain-all-available
5 “Boatlifers: The unknown story of 9/11,” Reuters, www.reuters.com/article/opinion/boatlifters-the-unknown-story-of-911-idUS562249878/
6 “He drove 700 miles to help after 9/11,” The Hufftington Post, www.huffpost.com/entry/nick-branham-911_n_55f2df85e4b063ecbfa3f370

401k Day image

Celebrate National 401(k) Day with a 5-Minute Retirement Challenge 🎯

National 401(k) Day is September 11, 2026 — and it’s the perfect excuse to give your retirement savings a little attention.

Your 401(k) may be one of the most powerful tools you have for building your retirement savings. But when was the last time you actually checked in on it?

If it’s been a while, you’re not alone. That’s why this National 401(k) Day, we’re challenging you to spend just five minutes with your 401(k).

Before you take the challenge, here are a few important updates for 2026.

Your 401(k) Can Do More in 2026 💰

Good news for retirement savers: contribution limits increased again this year.

For 2026, you can contribute up to $24,500 to your 401(k) through regular employee contributions — up from $23,500 in 2025.

If you’re age 50 or older, you may also be eligible to make an additional $8,000 catch-up contribution, potentially bringing your employee contributions to $32,500 for the year.

And if you turn age 60, 61, 62 or 63 in 2026, an even higher catch-up limit may apply. Eligible participants in this age group may contribute an additional $11,250, potentially bringing employee contributions to $35,750 for 2026.

Of course, you don’t have to contribute the maximum to make progress. Even a small increase in your contribution rate can be a meaningful step toward your long-term goals.

Making Catch-Up Contributions? There’s a New Roth Rule to Know

There’s another important change taking effect in 2026.

If you’re eligible to make catch-up contributions and your 2025 FICA wages from the employer sponsoring your retirement plan exceeded $150,000, your catch-up contributions generally must be made as Roth contributions in 2026.

What does that mean?

Traditional pre-tax 401(k) contributions generally reduce your taxable income today, with taxes due when money is withdrawn. Roth contributions are made with after-tax dollars, so there’s no current-year tax deduction. However, qualified Roth distributions in retirement can generally be received tax-free.

The new rule applies specifically to catch-up contributions for affected participants — not necessarily all of your 401(k) contributions.

If you’re unsure whether this change applies to you, this is a great question to bring to your plan provider or financial advisor.

Ready? Take the 5-Minute 401(k) Challenge 🎯

Give yourself one point for every statement you can confidently check off:

☐ I know how much I’m contributing.
Do you know your current contribution percentage or dollar amount?

☐ I know whether I’m getting the full employer match.
If your employer offers matching contributions, do you know how the formula works and whether you’re taking full advantage of it?

☐ I’ve reviewed my investments recently.
Do your current investment choices still make sense for your goals, time horizon and comfort with risk?

☐ My beneficiaries are up to date.
Marriage, divorce, births and other life changes can make this an important item to revisit.

☐ I have an idea of whether I’m saving enough.
Do you know whether your current savings strategy is putting you on track for the retirement you envision?

How Did You Score?

5/5 — 401(k) All-Star 🏆
Great job! You’re actively engaged with your retirement savings. Keep checking in periodically as your life and goals change.

3–4/5 — Building Momentum 🌱
You’ve got a solid start. Pick one unchecked item and make it your next retirement to-do.

0–2/5 — Challenge Accepted! 💡
National 401(k) Day is a great opportunity to get started. Choose one simple action and go from there.

The Bonus Challenge: Ask ONE Question ⭐

There’s one more part of our National 401(k) Day Challenge.

Think of one retirement question you’ve been meaning to ask — and ask it.

Maybe it’s:

  • “Am I saving enough?”
  • “How do I know if my investments are right for me?”
  • “Should I increase my 401(k) contribution?”
  • “What does the new Roth catch-up rule mean for me?”
  • “How can I tell if I’m on track for retirement?”

You don’t have to figure everything out on your own.

Our team of financial advisors is here to help you understand your options, talk through your questions and help you think about your retirement goals.

So, here’s your challenge:

Before National 401(k) Day is over, ask us ONE retirement question.

It could be the start of a valuable conversation about your financial future.

One Small Step Today 🌱

Retirement planning doesn’t have to mean making a huge change overnight.

Maybe today you increase your contribution by 1%. Maybe you finally update a beneficiary. Maybe you review your investments. Or maybe you simply ask a question you’ve been putting off.

Whatever you choose, use National 401(k) Day as your reminder to spend a few minutes thinking about your future.

Take the challenge. Ask a question. And give your future self a little attention today.

This information is provided for general educational purposes and is not intended as individualized investment, tax, or legal advice. Retirement plan provisions may vary. Please review your plan documents and consult the appropriate financial, tax, or legal professional regarding your individual circumstances.

https://www.irs.gov/newsroom/401k-limit-increases-to-24500-for-2026-ira-limit-increases-to-7500

Q2 Family & Finance Newsletter

Family & Finance Newsletter: Family Conversations

Talking about money can feel uncomfortable — especially when it’s with the people closest to us. Whether it’s partners, parents, or children, conversations about finances often get delayed, avoided, or reduced to passing comments. Yet, these are the very discussions that can bring the greatest sense of unity, understanding, and peace to a household.

This issue continues our series on family conversations — the discussions that families need to have together to ensure everyone is on the same page and moving in the same direction with their finances.

This issue covers:

  1. Financial Planning for New Couples
  2. Financial Planning for a Second Marriage
  3. Avoiding Will Procrastination


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retiring sooner

Retirement Doesn’t Always Go According to Plan

When we picture the day we retire, it’s often at the end of a long road. There might be a party at work, or a celebration with friends. It’s a specific date on the calendar in a year of our choosing. This is the classic scenario, and certainly the ideal one.

Of course, sometimes people don’t get to retire exactly when they want. Sometimes, their financial situation just isn’t quite ready for it. It will take a few more years of working and saving for that day to finally come. That’s a possibility we all must prepare for.

But there’s also a third retirement option. One that almost nobody thinks about, because nobody expects it. A scenario that is less like a journey’s culmination and more like an interruption.

We’re referring to forced retirement. A retirement that occurs sooner than we expected.

When this happens, it’s usually because of an unexpected disability or illness. It could be ours, or it could be a loved one’s whom we now need to care for full time. Suddenly, we can’t work anymore, whether we wanted to or not. This is not a common scenario, but it can be an extremely scary one if it happens. It immediately presents all kinds of stressful questions. How will I replace my paycheck? Will I outlive my money? Will I have to give up all my dreams in retirement? Will I have to move?

Hopefully, this will never happen to you or anyone else in your family. But financial planning is all about preparing for possibilities, both positive and negative. According to the Disability Benefits Center, pre-retirees are twice as likely to receive Social Security Disability Insurance (more on this in a bit) at age 50 compared to age 40, and twice as likely again at age 60. Even a 20-year-old worker, according to the Social Security Administration, has a 25% chance of becoming disabled before reaching their full retirement age.    

So, let’s talk about some of the options people have when they are forced to take an early retirement due to disability or illness. Just keep in mind, these are options, not recommendations. Each of these should be discussed with a qualified professional to see what your best option might be if you find yourself in this scenario. Then, after reading this, you can file this message away under the label, “Probably won’t ever need this, but it’s nice to know in case I ever do.”

Social Security Disability Insurance

Social Security benefits, of course, are something most retirees rely on to some degree. So, for those forced into an early retirement, there exists Social Security Disability Insurance. This is a program for those who have earned enough work credits (typically by working for at least 5 of the last 10 years) and have a condition that will prevent them from working for a year or more.1 After receiving benefits for two years, you will also automatically qualify for Medicare, even if you are under the age of 65 (though there is a delay of 24 months except in certain cases).2

(By the way, sometimes those who are disabled may still be able to do some form of work from home. If so, you may still qualify for SSDI if you earn less than $1,690 per month.1)

Severance

Many employers will provide some form of severance compensation if you can no longer work. If so, some employers might offer the opportunity to receive it as either a lump sum or via monthly payments. Choosing a lump sum may be the way to go if you have immediate expenses or lots of high-interest debt. Getting those off your ledger as quickly as possible may be the surest way to a clear road later on. However, monthly payments are probably a better option if your highest priority is simply to replace your paycheck. (You may also want to avoid taking a lump sum if it would bump you into a higher tax bracket.)

Disability Insurance

Obviously, you can’t purchase private disability insurance after becoming disabled. But your employer may offer either short-term or long-term disability coverage as part of your benefits package. It’s worth checking to see if this is an option, and if so, what the costs and provisions are.

Early 401(k) & IRA Withdrawals

Under most circumstances, pre-retirees cannot make withdrawals from their retirement accounts before the age of 59½ without triggering a 10% penalty. But a forced retirement is no ordinary circumstance. The IRS allows for early, penalty-free withdrawals if you are ill or disabled and can no longer work. All you need is documentation from your doctor. However, before exploring this option, it’s important that you first have a…

Early-Retirement Withdrawal Strategy

While this isn’t a source of income, in some ways, it’s just as important. A proper withdrawal strategy determines when you should withdraw money every month, which sources you should draw from first, and how much you need to withdraw in order to meet expenses, minimize taxes, and live a fulfilling life. In the unlikely event that you or a loved one are ever ill or disabled, we can have this conversation as soon as possible so you can enter retirement with confidence.

Ultimately, retirement — whether expected or not — is something you plan for. Planning, of course, involves knowing your needs and understanding your options. So, if you or anyone in your family is ever forced into an unexpected, premature retirement, please let me know. Together, we can determine the best option so that retirement will be a blessing…no matter what form it takes.

1 “SSDI Approval Rate by Age in 2024,” Disability Benefits Center, https://www.disabilitybenefitscenter.org/faq/approval-rate-old-age
2 “Who can get Disability,” Social Security Administration, https://www.ssa.gov/disability/eligibility
3 “Medicare Coverage for People with Disabilities,” https://medicareadvocacy.org/medicare-info/medicare-coverage-for-people-with-disabilities/

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Sharing with AI

Before You Ask AI About Your Money: Read This First

AI is one of the most interesting and powerful tools to come along this century, and many people are increasingly turning to it for financial advice.  But while AI can certainly help you find information or give general answers to your questions, relying on it can also come with risks. 

To help, we have created a new infographic that lists some of the DOs and DON’Ts of sharing financial information with AI.  Please let us know if you have any questions!

Newsletter Q3 R2026

Join Our Newsletter The Retirement Road for Retirement Insights

Please, subscribe now if you’re not receiving our quarterly newsletter in your inbox.

The latest issue of The Retirement Road, is now available!

This issue is the first of a two-parter on property.  Both issues will focus on several property-related concerns and decisions in retirement.

This issue covers:

  • What to know if you ever contemplate living/owning property abroad in retirement
  • The importance of proper property titling
  • Using a Qualified Personal Residence Trust as an estate planning tool