Platinum Wealth Solutions of Texas

The latest Fed minutes suggest we might see an interest rate cut as soon as September. Here's what you need to know:

▪️ Most Fed officials believe easing policy could be appropriate if data continues as expected
▪️ Markets are fully pricing in a September cut
▪️ Inflation is moving towards the 2% target, but labor market risks have increased

What does this mean for your portfolio? It's a great time to review your investment strategy and consider how potential rate changes might impact your financial goals.

Stay tuned for more updates, and don't hesitate to reach out if you have any questions about positioning your finances in this changing economic landscape!


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Fed minutes point to ‘likely’ rate cut coming in September The Federal Reserve on Wednesday released minutes from its July 30-31 policy meeting.

Research shows that 42% of households would face financial hardship within six months should a wage earner die unexpectedly. Even worse, 25% would suffer financially within a month. Protect those you love – learn about life insurance today!

September is Life Insurance Awareness Month! There are many reasons to purchase life insurance, but in our latest blog post we are highlighting some of the uses for life insurance while you are still living: https://platinumwealthsolutionsoftexas.com/blog/4-ways-your-life-insurance-policy-can-benefit-you-while-youre-living-or-tips-from-our-financial-advisors
If you want to be sure you have enough coverage for your family's needs, or review your existing policies, please do not hesitate to contact us.

4 Ways Your Life Insurance Policy Can Benefit You While You’re Living | Tips from Our Financial Advisors September is Life Insurance Awareness Month and while it’s important to discuss life insurance at any time of year, this month we are taking a deep dive into the ways your life insurance policy can benefit you during your lifetime. In exploring your whole life insurance policy options, you may hav...

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, I hope you're able to recharge and enjoy this special day.

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

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.

📣It's that time of year again! Back to school season is upon us and for the third year in a row, we want to help clear teacher wishlists! If you're a teacher, comment below with the link to your Amazon wishlist (please be sure to have a registry address set on your wishlist so we can have it delivered to the right location). We'll try to purchase items from as many lists as we can! 📓✏️

As summer winds down, we want to remind you that it can be very helpful to conduct a mid-year review of your financial picture during these slower months. Check out our latest blog post for a few ways you can check in on your financial health:
https://platinumwealthsolutionsoftexas.com/blog/mid-year-check-in-or-important-information-from-our-financial-advisors

Mid-Year Check-In | Important Information from Our Financial Advisors Mid-Year Check-In | Important Information from Our Financial Advisors July 17, 2024 With the first half of the year in the rearview mirror, summertime is a great chance to check in on your finances. A mid-year financial review can help you take stock of your entire financial picture and how it’s l...

🚨 Postage Alert: Stamp prices jumped to 73¢ on July 14.
But wait, there's more to this story than meets the eye…

This is the 6th increase in just 3 years, outpacing inflation. Businesses, not individuals, may feel the biggest pinch.

It's a small change that hints at larger economic shifts. Keep an eye on these trends; they're part of the bigger financial picture!



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Postage is going up again. You should care, even if you don’t send mail | CNN Business On Sunday, the cost of a stamp is going up for the second time this year, jumping 5 cents for first class postage to 73 cents. You probably didn’t notice.

Positive news for Social Security and Medicare recipients! 🎉 The latest report shows that the projected depletion dates for both programs have been pushed back, offering a welcome respite.

This positive development is largely due to a stronger economy and higher payroll tax income. However, it's important to remember that this doesn't eliminate these essential programs' long-term financial challenges. 🧐

Feel free to reach out if you have any questions or concerns.



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Medicare and Social Security go-broke dates are pushed back in a 'measure of good news' The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates.

Last week, we were thrilled to hear that we have been named the #1 Best Place to Work in San Antonio in the Extra Small Company category by San Antonio Business Journal! None of this would be possible without our amazing group of advisors and staff, and our wonderful leadership team. We are so proud of the firm we have built and cannot wait to see what the future brings! 🏆

Who doesn’t love a holiday? So, take advantage of not just the big ones but all the tiny ones and leverage them for marketing your business!

2024 Small Business Marketing Calendar Download our marketing calendar, highlighting the 2024 milestones to plan and prepare for.

Summer storms can cause significant flight delays and cancellations, impacting travelers nationwide.

Key points to keep in mind:
⛈️ Severe summer storms lead to widespread flight disruptions.
✈️ Travelers should stay informed about their flight status and have a backup plan in place.
🧳 Knowing your passenger rights and options can help you navigate these challenges more smoothly.

Being prepared can make all the difference in managing travel disruptions. Preparing a strategy for dealing with delays and cancellations can make a big difference in your holiday or business travel plans.

Are you anticipating any flight delays or cancellations this summer? Share your tips for dealing with travel hiccups!



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Summer travel and summer storms don't mix. What you're owed if your flight is affected. Airlines don't owe you anything when a flight is delayed for reasons outside their control.

Having happy employees is critical to every business’s success. And these secrets to encouraging happiness in the workplace are key.

12 Tips for Happy Employees Without Boosting Pay Happy employees are more motivated and productive, but raises aren't the only path to happiness. Learn 12 other ways to improve your employees' experience.

Is the nightmare of employee turnover keeping you up at night? Sweetening the relationship may be your best bet at keeping them. Here’s how.

14 Employee Retention Strategies for Your Company in 2023 The impacts of employee turnover go far beyond temporary disruptions.

On behalf of our entire team, we wish you and your family a fantastic and safe Independence Day, filled with joy, laughter, and patriotic pride! 🎉🥳🎇

Planning a summer getaway? 🏖️ Don't let scammers ruin your vacation! Protect yourself with these tips:

Secure Your Accounts: Update your passwords regularly and enable two-factor authentication.
Be Cautious Online: Don't click on suspicious links, even if they appear to be from your airline or hotel.

Beware of Social Media Scams: Double-check customer service contacts and be wary of anyone asking for personal information.
Watch Out for Common Travel Scams: Avoid interactions with "friendly" strangers offering bracelets or roses, and be cautious of unsolicited photographers.

By staying alert and informed, you can ensure a safe and enjoyable summer vacation. 🧳



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Travel expert advises how to spot, avoid and prevent falling for travel scams this summer Katy Nastro details common scams from online hackers to in-person swindlers to help others stay safe this summer.

Don’t reinvent the wheel to get past small business obstacles. Chances are someone else already has a solution. You just need to find them!

7 Tips From Successful Small Business Owners | Small Biz Ahead Are you thinking of starting a small business? This invaluable advice from 7 successful small business owners will help you go from an aspiring entrepreneur to a successful leader.

National Insurance Awareness Day is coming up on June 28th! On the blog, we are discussing what to look for when selecting a life insurance policy that can help protect your family when you pass. If you have any questions, we encourage you to speak to your financial advisor! https://platinumwealthsolutionsoftexas.com/blog/national-insurance-awareness-day-or-five-things-to-look-for-when-choosing-a-life-insurance-policy

National Insurance Awareness Day | Five Things to Look for When Choosing a Life Insurance Policy In honor of National Insurance Awareness Day on June 28th, it is worthwhile to know what to look for when choosing a life insurance policy. Leaving your loved one’s money when you pass is important, but you also want to be sure you are able to fit the premiums into your budget. Doing research whil...

Starting a small business takes courage, but growing it takes commitment. Here’s a 10-step checklist to help you along the way:

How To Start A Business: A Step by Step Guide For 2024 If you’re starting a new small business, find out where to begin and how to achieve success.

New college graduates are stepping into a job market that's presenting both challenges and opportunities. Here's a breakdown of what this means for the economy and recent grads:

💼 Decline in Hiring:
Hiring for new grads is expected to drop by 6% from last year. This could lead to reduced consumer spending among young professionals, potentially slowing economic growth.

🔍 Where the Jobs Are:
Industries like legal, nonprofits, arts and entertainment, healthcare, and construction are leading in hiring new grads. Focusing on these sectors can provide more job stability and support these parts of the economy.

🤖 Demand for AI Skills:
Graduates with AI skills are in high demand as businesses look to integrate this technology. This trend could spur growth in tech sectors and open new job opportunities for tech-savvy grads.

Understanding these trends can help new grads make informed career choices and navigate the job market effectively. What are your thoughts on how these changes will shape the economy and the future workforce?



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New college grads face a cooling job market. Here's where the jobs are. Forecasts show that employers are likely to hire fewer newly minted college grads this year. But there are pockets of job growth.

Did you know that the first Father's Day was celebrated in 1910? It was established to recognize the vital role fathers play in the lives of their children and families. Take this opportunity to express gratitude and make your dad feel extra loved on this special day.

👩‍🎓👨‍🎓📣RECENT COLLEGE GRADS!
Congratulations on this next exciting chapter of your lives. As you embark on your new career, it's important to keep smart finances in mind. Here are some tips as you get started: https://platinumwealthsolutionsoftexas.com/blog/financial-tips-for-recent-graduates-or-tips-from-our-advisors-about-managing-your-money-after-graduating

Financial Tips for Recent Graduates | Tips from our Advisors about Managing Your Money After Graduating Congratulations, Grad! Now that all your hard work and long study hours are behind you, it’s a great time to start thinking about taking control of your finances. Whether you are starting to pay rent on an apartment in a new city or are planning to start repaying your student loans, you should sta...

Looking for way to raise your profile as an entrepreneur? Check out Clarity.fm! Sign up to offer other entrepreneurs start-up advice:

Clarity — On Demand Business Advice Make faster & better decisions to grow your business. Clarity is your lifeline that instantly connects you with battle-tested advice from entrepreneurs. Find and schedule a call in minutes.

🚨Attention, seniors and their loved ones! Elder fraud is a growing concern, with a staggering $3.4 billion in reported losses last year, according to a new FBI report.👵

The frequency of criminal schemes targeting U.S. seniors increased by 14% between 2022 and 2023. The most costly of these scams? Investment schemes entice victims to transfer money to fraudulent financial institutions.

Last year, over 5,920 individuals aged 60 and above lost more than $100,000 due to these criminal frauds. This is a serious issue that requires our attention.

So, how can we combat this? Stay cautious of unsolicited contact from financial institutions or unknown parties. If an offer seems too good to be true, it likely is. Make it a priority to educate yourself and your loved ones about common scams. If you suspect any suspicious activity, report it to law enforcement as soon as possible.

Let's empower ourselves with knowledge and stay vigilant!



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Criminal schemes targeting U.S. seniors account for $3.4 billion in reported losses, FBI says Reports of elder fraud crimes increased by 14% in 2023, according to a new federal report.

"At the core, the American soldiers knew the difference between right and wrong, and they didn't want to live in a world in which wrong prevailed. So they fought & won, and we must be forever profoundly grateful." - Author Stephen Ambrose