One year ago, we highlighted a high return and low risk investment, Series I Savings Bonds (I Bonds), which were yielding an annualized 9.62% due to the high inflation rate in the United States. Since then, the inflation rate has decreased and the inflation component of the I Bond yield has declined to 3.38% as of May 1, 2023. As a result, investors have redeemed over $1.2 billion since the beginning of May. In this episode, we discuss the one-year return of I Bonds for those who invested last fall and consider whether now is the right time to redeem.
If you are interested in revisiting I Bonds to see how the investment turned out and whether they remain a good option going forward, we think you’ll enjoy this episode. Thanks for listening!
For more detail about our I Bond discussion, check out our blog post covering the same topic at https://pw-wm.com/learn/investing/revisiting-i-bonds-is-it-time-to-redeem/.
Will you need long-term care during your lifetime? If so, what will it cost and how will you pay for it? As individuals progress through retirement, the possibility of needing long-term care becomes an important consideration. The cost of long-term care can be substantial and a common fear for many individuals is losing their life savings in the event that they need assistance in the future. In this episode, we discuss the cost of long-term care as well as the considerations individuals should be thinking about before they actually need assistance.
Those who plan ahead are most likely to be prepared and will have the best chance to effectively navigate the expensive landscape of long-term care costs.
If you are interested in learning more about the cost of long-term care and the considerations you should be thinking about now, we think you will enjoy this episode. Thanks for listening!
For more detail about planning for and navigating the cost of long-term care, check out our blog post covering the same topic at https://pw-wm.com/learn/financial-planning/are-you-prepared-for-long-term-care/
What does it take to be wealthy? While each person may have a different financial threshold in mind, most people have a similar mental picture of what wealthy looks like. They see a fancy home, nice cars, and lavish vacations enjoyed by someone who sold their company for a fortune or received a significant inheritance. This month we are discussing how most individuals have accumulated their wealth and how you can too! The research shows that most millionaires did not get lucky, strike it rich, or receive a substantial inheritance. They accumulated their wealth gradually over a long period of time. They lived on less than they earned, they saved consistently over time, and they let their investments ride regardless of market conditions. If you are interested in learning the simple and attainable strategies that others have used to create long-term wealth and how you can too, we think you will enjoy this episode. Thanks for listening!
For more detail about building wealth, check out our blog post covering the same topic at https://pw-wm.com/learn/investing/the-misperception-of-wealth/
Steve and Nathan have a passion for teaching others about finances and how to build the financial independence that is achievable with the proper planning. In their roles at Prairiewood Wealth Management, both Nathan and Steve focus on providing comprehensive financial advice to ensure their clients have a coordinated plan that covers all aspects of their finances including their investments, insurance, estate plan, and charitable giving goals.
As Certified Public Accountants (CPAs), both Nathan and Steve believe that one of the most overlooked aspects of financial advice is the tax impacts that result. Accordingly, a core focus of the advice they give centers on integrating tax strategy into the overall financial advising process.
Steve and Nathan are excited to share their knowledge through this podcast as well as their blog with the goal of helping you effectively manage your family’s wealth and ensure you have a comprehensive and coordinated plan for your future.
