Tyler Shamblin - Wealth Advisor

Start a new job recently? Don’t forget these financial to-dos:

1️⃣ Check if you’re W2 or 1099.

This is so simple.
But the consequences are worth thousands.

If you’re W2 and you make $100,000, your payroll tax is $7,650.
If you’re 1099, it could be up to $15,300.

I’m assuming you don’t want to owe the IRS a surprise $7,650 extra than you expected.

Self-employed = you pay payroll tax for employEE and employER

2️⃣ Learn your employee benefits.

- Do you need to find a better home for your 401(k)?
- Does your new health plan not offer HSA?
- Are you losing a substantial amount of life insurance?
- What happens to your old company stock?

Simply by reviewing your old/new company’s benefits, you can take advantage of some opportunities.

3️⃣ Recalculate your savings/investments.

You may be sticking to a plan like “Invest 15% of my income for retirement.”
Well, what if 15% of your income just became a bigger number?

This goes with the adage “pay yourself first.”

4️⃣ Spend $100 to celebrate you.

You’ll make the $100 back somewhere.

Treat yourself.

Go see a sports game. Or a show.
Get your nails did.
Buy some new shoes.

I’d love to see you experience your wealth.
Not win the “richest person in the cemetery” competition.
(But do get back to the financial plan, obviously.)

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If you changed jobs recently, your financial future by nature will change too.

Do you trust yourself to cover all your bases?

Would you prefer to have someone make sure all your gaps are covered?

If it’s the latter, you can get on the right track by:
- Sending me a message.
- Visiting my firm’s website.
- Checking out my profile for more financial content.

Did you know that the Dallas Cowboys have never won the World Series?

Now before you go all “nice observation, Sherlock” 🧐 on me, there’s a reason this matters.

Some of you are passing on certain investments because they haven’t had good returns compared with other funds…

…BUT some of those funds aren’t even playing the same game!!

When you’re comparing investments, it’s important to make sure you’re comparing apples to apples.

In finance, we call comparison tools “benchmarks.”

Examples:
- S&P 500 (large US stocks)
- NASDAQ (large US growth stocks)
- Russell 2000 (small US stocks)
- MSCI EAFE (foreign developed stocks)
- Bloomberg AGG (US bonds)

These fancy finance terms are basically measuring sticks for how a fund is doing.

If you had a Small US Stock fund, you’d compare it to the Russell 2000.

‼️ Here’s where some of you mess up.

Some of you compare every investment you own to the S&P 500.

That’s like judging the Dallas Cowboys for not being good at baseball.

They aren’t even playing that game.

So they shouldn’t be measured by that metric.

When you’re building your investment portfolio, make sure you’re measuring success with the right tools.

——

I help people with a lot more of their finances than just investing.

But investing is still an important piece.

If you want an investment plan that can work, aligns with your goals, and is easy to understand…

💬 Send me a message OR
👤 Click on my face to learn more about how I can help.

I finally got my wife interested in global economics. And it's super sweet/funny how it happened.

I get this text out of the blue this morning:

👩 "Have you heard about this strike on imported goods?"

To which I responded that:

- The USA has been running a $70B trade deficit
- Net exports being positive boosts our GDP
- Temporarily this isn't a bad thing

And she said...

👩 "Well my mom said toys are something that we import and it's about to be Christmas time."

OOPS. I forgot.

Just like with my clients, my wife doesn't care how much I know.

She cares about "how does this affect me personally?"

We both agreed to do our Christmas shopping for our daughter early as a result.

She didn't care about:
- Her 401(k)
- Her brokerage account
- Her money being susceptible to a global economic issue

She DID care about:
- Our 1-year-old girl having a Christmas present.

And we can apply the SAME APPROACH to your personal financial plan.

Do you have headlines you're concerned about?

Let's figure out what's beneath the surface, then put a plan together.

📨 Send me a message to start a conversation!
👤 Visit my profile to learn more.

Who hates paying taxes? 🙋‍♂️

What if I told you that the right financial strategy could help you retire and pay Uncle Sam as little as possible?

Read my latest blog post to find out how:

Brian David White Century Financial LLC Tyler Shamblin - Wealth Advisor

How You Can Pay ZERO Tax in Early Retirement No one wants to pay more tax than they're required. What if you were taxed at 0% of your income?