Core Wealth

UBS's 2024 global wealth report reveals eye-opening trends:
Did you know 1 in 15 Americans has a net worth of $1 million+?

Global wealth bounced back 4.2% in 2023, with projections suggesting continued growth in millionaire numbers through 2028.

These statistics offer a fascinating glimpse into wealth distribution and potential economic shifts. Remember, everyone's financial journey is unique.

👉 Schedule a review of your long-term financial strategy today. Let's ensure you're positioned to navigate these evolving economic trends!


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One out of every 15 Americans is a millionaire, UBS says The U.S. has 22 million people worth at least $1 million, according to UBS, about the same as Western Europe and China combined.

The Cats got another win over the weekend & we are counting down the days until Gold Rush!

Happy Labor Day! 🛠️
Today, we take a moment to recognize and appreciate the hard work of individuals across the nation.

Whether you're relaxing at home or enjoying a well-deserved day off, we hope you're able to recharge and enjoy this special day.

To the builders, creators, and doers: Happy Labor Day!

Life have you curious? This month reminds us that it may be time to talk to your financial professional about life insurance. Whether you need to update your policy or find a new one, take this opportunity to learn more about life.

Several factors affect the cost and availability of life insurance, including age, health, and the type and amount of insurance purchased. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.

The IRS has released final regulations on Required Minimum Distributions (RMDs) for inherited IRAs.
Key points:
🔑 10-year RMD Rule clarified
🔑 Annual distributions are required in most cases
🔑 Special rules for "eligible beneficiaries"
🔑 Effective from 2025, with transitional relief through 2024
🔑 Remember: Skipping an RMD can result in a penalty of up to 25%

Confused about how this affects your inherited IRA? You're not alone; these rules are complex. If you have any questions about how this may affect your financial strategy, let's talk.



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IRS Finalizes Guidance On Treatment Of Inherited IRAs The IRS has issued final regulations focused on required minimum distribution (RMD) rules for inherited IRAs.

🌟 August is the month to ponder our legacy! 🌟

Reflect on your past and your future goals to consider what you will be leaving behind for future generations. As we reflect on our lives, let's remember that our legacy isn't just about money or possessions—it's about the impact we make on the lives of others. Take a moment today to think about the positive mark you want to leave on this world. 💫

🦞 Age is Just a Number: Meet the 104-Year-Old 'Lobster Lady' 🚤
Virginia Oliver, Maine's maritime marvel, just renewed her commercial lobster license at 104 years old. Why? Because retirement isn't in her vocabulary!

Picture this: A centenarian rising at 3 AM, donning lipstick and earrings, to catch lobsters thrice a week. That's Virginia's life, and she wouldn't have it any other way.

Her secret? "You've gotta keep living, you gotta keep working."

Virginia's story isn't just about lobsters. It's about passion, purpose, and shattering age stereotypes. As we plan for our futures, perhaps we should ask: What's our equivalent of Virginia's lobster boat?

Let's celebrate those who prove that life's adventures don't have an expiration date.



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104-year-old has been catching lobsters for more than 90 years: 'I'm not going to retire' At 104 years old, Virginia Oliver is setting sail this year to continue doing the job she's loved over 90 years: catching lobsters.

Go Cats!

Market volatility is part of the investing process. More than 7 times a year investors should expect pullbacks of 3 percent and, at least once a year (since 1928), investors should be prepared for a 10 percent correction. When viewed from a historical perspective, recent market activity isn't as abnormal as one might think.

Your family legacy is determined by the actions you take today.

The Core Wealth ladies league team had so much fun this summer! ☀️ Thank you Cottonwood Hills Golf Course for a great season⛳️

And a special shout to Tracy, Garret, Johanna, Cullen, & Melanie for all the hard work they put in to making Wednesdays for the ladies! We appreciate you.

We are thrilled to announce the Ritter team has started their own page.
Please go like/follow their page if you are a client, friend or family member!

Mike and Kelsey will continue posting market updates, exciting announcements, helpful tips and tricks to financial success here on this page!

Core Wealth - Ritter Welcome to the Ritter's page at Core Wealth! We are a father-daughter duo focused on goal-based financial planning and wealth management.

The stock market is closed today in observance of

Happy Father's Day!

Happy Work Anniversary, Kels!

Happy Birthday, Mike! 🥳