MGK Wealth

A friendly reminder: The tax extension deadline is just 25 days away!

Here’s How You Can Maintain And Transfer Generational Wealth Learn about generational wealth. Discover key investment vehicles for transferring wealth, as well as the importance of estate planning and financial literacy.

All the matters 💫

The Retirement Drawdown Rule In any industry, there are general guidelines often referred to as rules of thumb - learn how the drawdown rule can impact your retirement.

We have 5 kids and live on my husband's public-school salary. We have no way of saving for their college education. Do you have mixed feelings about your ability to fund your child or grandchild's college education? You're not alone. Many opportunities exist to give them the best start to their lives you can. Here's one family's story of how they're making it work.

Is It the Right Time to Invest?

Every year, people wonder, "Is now a good time to invest?" With an election on the horizon, that question is even more frequent.

The truth? Trying to time the market is a game most investors lose. The best days in the market are often mixed with the worst, making it nearly impossible to catch all the highs without enduring the lows. Even professionals miss the mark: only 17% of active portfolio managers beat their indexes.

But here’s the thing: if you pulled out your money and missed just the 10 best market days over the past 20 years, you could lose out on more than half your returns! That means turning a $10,000 investment into $64,844, rather than just $29,708.

So what should you do instead? Focus on a diversified portfolio that reflects your goals and risk tolerance—regardless of the market noise or who’s in office. It’s not about avoiding the turbulence, it’s about staying in the game for the long haul.

Presidential elections, news headlines, and global events may seem like reasons to hit pause, but the stock market tends to rise over time, regardless of the political landscape.

Don’t lose sleep over trying to time it—let your portfolio do the work. If you’re feeling uncertain, it might be time to chat with a financial pro to make sure your investments align with your long-term goals.

Invest smart. Diversify. Stay focused.

Don’t Starve Your Retirement! Learn how to build a retirement plan so you can feel comfortable and confident using your resources, not scared to spend them.

I've haggled down the price of everything from rent to dental surgery, and I have 6 tips for anyone who wants a better deal Haggling isn't appropriate in all circumstances, but it can bear fruit even when prices seem fixed. There is an art to haggling, and it takes time to learn how to do it effectively. Being knowledgeable, friendly, firm, decisive, frugal, and reasonably flexible help when bargaining.

The day I realized I was working for my life instead of living it was a game changer.
I remember staring at my to-do list, the hours blending into one another, and realizing that something had to give. I wasn't living the life I had worked so hard to build—I was stuck on autopilot. That’s when I knew things had to change.

As a financial advisor, I see so many people waiting for that 'perfect time' to start living fully. But here’s the truth: Balance doesn’t happen by accident; it happens by design.

I started making small changes—scheduling moments of joy first, prioritizing the things that made me feel alive, and setting clear boundaries with my work. I didn’t just want financial freedom, I wanted freedom of time, energy, and purpose.

Now, I help my clients not only plan for retirement but create a roadmap that allows them to live a life worth living today. Because the real wealth is in how we spend our time, not just our money.

What’s one thing you’re doing today to create more balance in your life?

How Nvidia Changed the Game From AI-powered cars to crypto and OpenAI’s ChatGPT, tiny Nvidia chips play an outsized role in facilitating our daily routines. Before it became the world’s most valuable chipmaker, the company had the more humble calling of manufacturing graphics cards for video game consoles. How will Nvidia ...

No truer words have been spoken.

Why People Resist Retirement Even a small step away from a career can make a person wonder who they are without it. New research in Harvard Business Review suggests that leaders who develop an accurate awareness of who they really are and what their job really demands of them are much better equipped to overcome the psychologic...

Worried About AI Stealing Your Job? A New Report Calls These 10 Careers 'AI-Proof' AI could automate a quarter of jobs across industries in the next six years. These are the positions least likely to be negatively affected.

We remember. We honor. We stand united.

On this day, we pause to reflect on the courage and resilience of those affected by the events of September 11th, 2001. The bravery of first responders, the strength of survivors, and the legacy of those we lost will never be forgotten.

As we remember, let’s also find hope in our ability to come together and support one another, even in the darkest of times.

How To Protect Yourself From Financial Devastation If You Get Sued If you own a business, car, or home, you could be exposed to risk. This is how you can better protect yourself from financial devastation resulting from lawsuits.

I can't wait to be a part of the triathlon wellness retreat.

2M WALK • YOGA • MEDITATE on the Naples beach with us on September 21st starting at 8am. Head down to Urban Meditation on 541 5th Ave for a wellness brunch to follow with some amazing sponsors. & The brunch is complementary with every wellness ticket purchased!

Tickets to this event must be purchased on page on Instagram! 🎟️

Let’s talk about what true wealth really means. It’s not just about having a healthy bank account; it’s about living a rich, fulfilling life. When you invest in your wellness, you’re setting yourself up for a happier, more successful future.

Here’s how you can enhance your Wealthy Wellness:

1. Mindful Money Habits: Try blending financial planning with mindfulness practices. Taking a few moments to center yourself can help you make clearer, more thoughtful decisions about your money and life.

2. Nourish to Flourish: Pay attention to what you’re fueling your body with. Choosing nutrient-rich foods can give you the energy and vitality you need to stay focused and productive.

3. Stress-Free Success: Incorporate stress-reduction techniques into your routine. Simple practices like deep breathing or taking short breaks can help you manage stress better and make more balanced decisions.

Remember, a healthy you is the cornerstone of a wealthy you. Investing in your well-being is one of the best choices you can make. How do you prioritize your health and happiness? I’d love to hear your strategies—share them below! 👇

Why Every Entrepreneur Needs a Support Network — and How to Know When You've Truly Found Yours Finding your support network can be enriching, both personally and professionally.

What should you do with your 401k?

Every time you change jobs, you have some decisions to make about your old 401(k). In this ebook, we outline your four choices and explain the considerations of each.

Comment the word GUIDE to get a link to download your guide.

Life is full of surprises, and it’s often in those unexpected moments that we realize the true value of planning ahead. This month, let's take a moment to reflect on what really matters: the security and well-being of our loved ones. Have you considered whether your life insurance policy is enough to protect your family if the unthinkable happens? Now might be the perfect time to sit down with a financial professional to review or update your policy—or even start fresh.

Life insurance is more than just a policy; it's a promise to protect those you love. The cost and availability of this protection depend on various factors, including your age, health, and the type and amount of coverage you choose. And remember, the reliability of this promise depends on the strength and stability of the insurance company behind it.

Take this moment to think about your journey and the people who mean the most to you. Life is unpredictable, but with the right plan, you can find peace in knowing you’re prepared for whatever comes next.

If you have any questions about your life insurance policy, we're here to help. 💛

Happy Labor Day! 🇺🇸

Today, we honor the dedication and hard work that drives our nation forward. Take this well-deserved day to relax, recharge, and celebrate the American spirit. Enjoy your day off!

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Is your mind blown by Artificial Intelligence? If you answered ‘yes,’ you might wonder how big the AI market might be in 2030 or beyond.

Artificial Intelligence might eventually touch every facet of our lives, including business, healthcare, and personal digital assistants. It is already used for everything from sophisticated data analytics to a little ‘extra help’ on your kid’s latest term paper.

Here’s something you should know: the AI market is far more than a handful of competing software applications. 󰳗 Behind every prompt is a forest of industries: chip designers, cloud data centers, high-precision manufacturing, data providers, electrical infrastructure, human-powered sales and service, and much more.

So, how does this translate to the potential size of the overall market? If current trends hold, what could the AI market look like in 2030? Nobody
knows… yet!

Remember, the AI market forecast is based on assumptions, subject to revision without notice, and may not materialize.

How to Plan for Retirement if You’re Behind on Saving in Middle Age People in their 40s and 50s still have time to increase their savings rate and develop a road map for their later years.

How Much Insurance Do You Really Need? How much insurance is right for you and your retirement plans?

🎉 It’s My Birthday! 🎉

Today, my birthday wish is simple: Take a moment to invest in your future.

Whether it’s reviewing your retirement plan, setting a financial goal, or just starting that conversation you’ve been putting off—make today the day you take a step toward financial security.

My wish is for everyone to enjoy the peace of mind that comes with knowing your future is on track.

Here’s to a year of growth, prosperity, and financial freedom for all of us! 🎁

The Power Of Investment In Friends And Family Friends and family are the people we choose to love, support, care for, learn from, and grow with. Don't overlook the power of investing those important resources. Having loving, trusting, and reliable relationships increases our likelihood of survival by 50 percent at all ages.

How Much Money Should You Have In Savings Vs. Investing? How To Decide What's Best For You Many struggle when deciding between how much money to keep as savings and ow much to invest. Here are some guidelines to help make the decision easier.

I didn’t run the Wellness Triathlon, but I couldn’t resist joining the post-race brunch at Urban Meditation. It was such a great reminder of how important it is to strike a balance in life—whether that’s challenging yourself or just savoring a good meal with friends.

In my work as a financial advisor, I focus on planning for the future, but I’m also a big believer in living fully in the present. Wellness isn’t just about money; it’s about taking care of your mind, body, and soul. And Urban Meditation really gets that.

Their meditation sessions are something else—imagine meditating on an infrared lava rock with crystals and essential oils all around you. It’s a whole-body experience that leaves you feeling refreshed and clear-headed.

If you haven’t checked it out yet, you really should. It’s one of those experiences that sticks with you, and I can't recommend it enough.

And let’s talk about that brunch—big thanks to Lavender Cafe & Bistro and Zazu Salon for making it absolutely delicious! 🤤

ZAZÚ SALON GROUP Lavender Cafe & Bistro Naples Naples Lifestyle Urbanmeditationnaples

Why August is one of the most dangerous months in the financial calendar The markets are right to tread carefully in August. In some years it is the month when a crisis erupts, in others it is when strains become apparent that eventually lead to crises in September.