Bernard Wealth Management Corp.

For those of us born in 1962, this is a big year. We’re all turning 62 and we’ll be eligible for Social Security. For some, it may be necessary to start right away. For others, waiting until 65, 67 or even age 70 may be a much better choice as your benefits increase 8% every year that you delay.

This is one of the most important financial decisions that we’ll make. It should be part of a carefully constructed retirement plan.
Questions? Give us a call!

We are happy to sponsor Stagecrafters’ “A Jazzy Holiday Celebration” this Saturday, December 2nd. Please consider attending this musical event. Tickets can be purchased at www.stagecrafters.org.

We're just over a week away from our Jazzy Holiday Celebration with the Paul Keller Ensemble featuring vocalist Sarah D'Angelo! Join us for an upbeat musical celebration at the historic Baldwin, decked out for the holidays in its festive finery. Evening includes pre-show eats and treats. Tickets available at stagecrafters.org or via the link in our bio.

A Jazzy Holiday Celebration is proudly sponsored by Bernard Wealth Management Corp.

If you're interested in a 3rd Quarter market report, check out this article. Ken Bernard Andy Niedermeier
https://kennethbernard-dev.us1.advisor.ws/sites/kennethbernard.us1.advisor.ws/files/documents/3rd_quarter_letter_0.pdf

Markets rose again in the second quarter of 2023 continuing the recovery that began at the end of 2022. See below for the full report.

Deanna Harless Ken Bernard Andy Niedermeier

kennethbernard.us1.advisor.ws

529 Plans!

529 Plans College Savings 529 Plans It’s the time of year where social media is flooded with posts of pride as high school and college graduations happen! Proud parents, grandparents, and other family members w

Congratulations to our Associate Wealth Advisor, Josh Barrett....one year at Bernard Wealth Management Corp..

Ken Bernard Andy Niedermeier Deanna Harless

Protecting your assets in uncertain times

FDIC Insurance Protecting Your Assets Protecting Your Assets in Uncertain Times With the fallout from the Silicon Valley Bank collapse still causing ripples throughout the banking industry, most recently seen in the

Big Announcement from Ken Bernard. Andy Niedermeier becomes partner and Deanna Harless is back in a new role as director. Read the entire article here.

https://kennethbernard.us1.advisor.ws/blog/bernard-wealth-management-expands

Ken Bernard Andy Niedermeier

Bernard Wealth Management Expands | Bernard Wealth Management Ken Bernard adds Partner and Director to staff.

Highlighting Potential Risks

This article from the WSJ highlights potential dangers with some alternative investments. Lack of liquidity means you could be stuck, and the lack of disclosure makes it hard to understand what you’re buying.

At Bernard Wealth Management, we invest your money in publicly traded securities. The public markets can be volatile at times, but they generally offer daily liquidity and more complete.

https://www.wsj.com/articles/regulation-d-private-offering-debt-equity-11673625595?st=m4jsrct6ws7sa8o&reflink=desktopwebshare_permalink

With Gratitude,

Ken Bernard, CFA
Andy Niedermeier
Josh Barrett
Sondra Lazzarini

An Iowa Farmer Tried to Dodge Stock-Market Turmoil. It Cost Him $900,000. Brokers and financial advisers are steering clients to assets that don’t trade. Such securities can often be dodgy, sometimes lose all their value—and getting out is a lot harder than getting in.

Bernard Wealth Management Update:
Markets rose in the fourth quarter as corporate earnings provided investors with some reason for optimism.... Click below to read our full report.
https://conta.cc/3Hhnz1T

How to Cut Your Tax Bill with Tax-Loss Harvesting

For clients with taxable investment accounts tax-loss harvesting can help reduce current and even future year taxes. Tax-loss harvesting allows you to sell investments that are down, replace them with reasonably similar investments, and then offset realized investment gains with those losses. The end result is that less of your money goes to taxes and more may stay invested and working for you. Bernard Wealth Management continues to monitor your accounts for these opportunities. You can read more here:

Tax-loss harvesting - offsetting capital gains with capital losses - can lower your tax bill.


Please contact us anytime if you have questions about this.


With Gratitude,

Ken Bernard, CFA
Andy Niedermeier
Josh Barrett
Sondra Lazzarini

Have you taken your 2022 Required Minimum Distribution (RMD)? If not, the December 31st deadline is rapidly approaching. Your RMD is the minimum amount you must withdraw from your retirement account each year. Generally speaking, withdrawals are required from IRA’s, SEP IRAs, or retirement plan accounts when you reach age 72 (or 70 ½ if you turned 70 ½ before January 1, 2020).

What happens if you miss the RMD deadline? If you fail to meet the deadline, the amount not withdrawn is taxed at 50%. If your accounts are managed by Bernard Wealth Management, we will be processing your RMD over the next couple of weeks. If you have any outside accounts that require an RMD, we would be happy to double check the RMD for you.

Please do not hesitate to reach out if you have any questions or concerns.

Retirement Plans FAQs regarding Required Minimum Distributions

With Gratitude,

Ken Bernard, CFA
Andy Niedermeier
Josh Barrett
Sondra Lazzarini

Thank you for supporting Bernard Wealth Management this year. We are grateful for the opportunity to work with you and wish you a safe and Happy Thanksgiving.

With Gratitude,

Bernard Wealth Management Corp.
Andy Niedermeier Josh Barrett Sondra Schaefer Lazzarini

We are thrilled to announce that our team has expanded. Please welcome Sondra Lazzarini, Client Relationship Manager, and Josh Barrett, Associate Wealth Advisor.



Read all about Sondra and Josh on our website. https://www.bernard-wealth.com/team-member-01

Career Opportunity at Bernard Wealth Management. We are hiring for an Associate Wealth Manager.

For details and to apply, follow this link: https://www.bernard-wealth.com/blog/open-position-associate-wealth-advisor

Ken Bernard Andy Niedermeier Roz Gould Keith Monica Brockmeyer

Career Opportunity at Bernard Wealth Management.

We are currently hiring a Client Services Manager. For the full job description, follow this link.

Ken Bernard

https://www.bernard-wealth.com/blog/open-position-client-services-manager

Open Position: Client Services Manager Bernard Wealth Management Corp. is a growing, client-focused, investment advisory firm in Royal Oak, Michigan.  We are seeking a motivated, friendly professional to serve as Client Service Manager and lead the firm’s operations efforts.  This is a challenging position that offers the potential f...

Investing in Uncertain Times
As we continue to see volatility in world financial markets it is important to keep a long-term view of your goals and your investments. Read the full article at the link below.

Ken Bernard Deanna Harless Andy Niedermeier

https://www.bernard-wealth.com/blog/investing-uncertain-times

Investing in Uncertain Times As we continue to see volatility in world financial markets it is important to keep a long-term view of your goals and your investments. It can be tempting to react to the market volatility by wanting to sell; however, we believe that staying invested for the long term is a winning strategy.  

Bernard Wealth Management Corp. updated their address.

4th Quarter 2021 Market Recap

Stocks resumed their climb in the fourth quarter, with the large cap S&P 500 gaining 11.0%, finishing the year +28.7%
(Figure 1 – S&P 500). Growth (+13.4%) outperformed value (+8.3%) by a substantial margin, as growth expectations for
the economy moderated. To read more, check out the link:

https://bit.ly/BWM4q21

To start the new year off with a great wealth management team, call today for a no fee appointment. (248) 556-2900

Ken Bernard Deanna Harless Andy Niedermeier

Bernard Wealth Management Corp. We are a Registered Investment Advisory (RIA) firm providing fee-based wealth management services.

Happy Thanksgiving From Bernard Wealth Management!

Holiday Greetings for all of our friends and clients. https://bit.ly/BWMgratitude Ken Bernard Deanna Harless Andy Niedermier

The IRS has released the updated contribution limits for 2022.

Read more....https://www.bernard-wealth.com/blog

Ken Bernard Deanna Harless Roz Gould Keith

Social Security Announces 5.9% Benefit Increase for 2022!

For more info, read this.

https://www.bernard-wealth.com/blog/social-security-announces-59-benefit-increase-2022

Ken Bernard Deanna Harless Bernard Wealth Management Corp.

Social Security Announces 5.9% Benefit Increase for 2022 Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9% in 2022. This is a significant increase from the 1.3% adjustment made for 2021, and the largest since a 7.4% increase in the 1980s.

Third Quarter 2021 MARKET RECAP

Market volatility returned for the quarter with equity market performance starting strong in July and August but turning
negative in September. Performance in the third quarter was slightly positive with the large cap S&P 500 index +0.6% and still solidly positive year-to-date (+15.9%).

To read the full report, click here: https://bit.ly/BWM3Q21

Ken Bernard Deanna Harless

Bernard Wealth Management Corp. updated their website address.

How do you determine value? Read what Lynne Meredith Golodner has to say.

https://www.bernard-wealth.com/blog/how-do-you-determine-value

Ken Bernard Deanna Harless Andy Niedermeier Roz Gould Keith Monica Brockmeyer

How Do You Determine Value? Ken's friend, Lynne Golodner, wrote the following article on The Meaning of Money. It is certainly thought-provoking. Lynne is a marketing consultant and accomplished writer (www.yourppl.com) whose contributions appear in Forbes. We hope that you will find it valuable as well.

UPDATE: We are excited to share that later this year Bernard Wealth Management will be in new space in Royal Oak. In the meantime, here is our new location:

37911 W. 12 Mile Rd
Farmington Hills, MI 48331

Our phone numbers remain the same.
Ken BernardDeanna Harless Andy Niedermier

Do you qualify for a child tax credit? Here's the update.

Ken Bernard Deanna Harless Andy Niedermeier Bernard Wealth Management Corp. Roz Gould Keith

https://www.bernard-wealth.com/blog/child-tax-credit-update

Child Tax Credit Update On March 11, 2021, The American Rescue Plan was signed into law. As part of this plan, the Child Tax Credit was expanded for 2021. Families, subject to income limitations, saw an increase in the credit from $2,000 to $3,000 per child ages 6 to 17 and an increase from $2,000 - $3,600 per child under....