Phronesis Wealth Management

Explore the critical missteps to steer clear of and uncover actionable strategies to navigate the complex financial landscape with confidence.

The Crucial Financial Pitfalls Physicians Must Sidestep Medical professionals can better secure their financial future by avoiding common pitfalls. Phronesis Wealth Management in Severna Park can help those in the medical field develop a personalized financial plan to work towards financial confidence and long-term prosperity.

Tax deferral can have a dramatic affect on the growth of an investment. Know what's at stake.

Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.

Happy Labor Day!

Have you considered how long-term-care costs could affect your retirement budget? Find out more.

Long-Term-Care Needs Determine your potential long-term care needs and how long your current assets might last.

Understanding the 10-year rule when inheriting a retirement account. In July, the IRS finalized the rules surrounding required minimum distributions (RMDs) for inherited IRAs. Learn more: https://bit.ly/4e5ucmX.

Looking forward to sponsoring and attending this great chamber event again this year! 🏌️‍♀️⛳

Thank you to the 2024 Driving Force for Business Annual Golf Tournament- $10K Hole-in-One Sponsor Phronesis Wealth Management!

Foursomes and Sponsorships are still availabale! https://bit.ly/GolfGSPACCSept16

All those years of work can add up to a small fortune. What's your strategy for your money?

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Building a personal may be the highest order of altruism. It can begin with four simple steps.

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Marginal tax bracket and holding period affect capital gains taxes. Learn more.

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A home is the single largest financial commitment for most people. What mortgage fits you best?

Choosing a Mortgage Selecting a mortgage isn't an easy process. Get a better understanding of how professionals make the right decisions.

Could you find acres of diamonds in your own backyard? Watch this video.

Acres of Diamonds In life it often happens that the answers to our most pressing questions are right in our own backyards.

Bi-weekly mortgage payment can potentially accelerate your mortgage payoff. Sound interesting?

Bi-Weekly Payments This calculator estimates the savings from paying a mortgage bi-weekly instead of monthly.

Understanding credits and deductions is one of the critical building blocks to making the tax code work for you.

How to Make the Tax Code Work for You When you take the time to learn more about how it works, you may be able to put the tax code to work for you.

If you or your parents are over 65, still working, and relying on employer health insurance, a new Medicare rule could significantly impact your prescription drug coverage and costs. Learn more: https://bit.ly/3WREXDx

This time of year, you may hear the phrase "tax-loss harvesting." Before moving ahead, it's best to get some guidance from a financial professional who is familiar with the strategy.

Counteracting Capital Gains with Tax-Loss Harvesting You may have heard the phrase

🎓Learn how to navigate college planning like a pro! 🧩 Richard breaks down smart savings strategies and tips for balancing priorities. Start planning early!

The Phronesis Perspective: Planning for Your Child’s Education Worried about rising college costs? 😰 Matt Ackermann's recent discussion with financial advisor Richard ...

Protect yourself from identity theft.

To Catch a Thief Having your identity stolen may result in financial loss plus the cost of trying to restore your good name.

What's better—a 30-year or 15-year fixed-rate home mortgage? The answer may surprise you.

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Stocks edged higher in August as investors monitored economic reports for the Fed's next move with short-term interest rates

Monthly Market Insights | August 2024 Monthly Market Insights | August 2024 U.S. Markets Stocks edged higher during a volatile month of trading as investors monitored economic reports about the Fed’s next move with short-term interest rates. The Dow Jones Industrial Average led in July, picking up 4.41 percent. The Standard & Poor’s...

Recent market activity... what happened? https://bit.ly/financialinsight0824

Looking for the latest tax bracket changes? Use this handy reference guide to save time.

What’s My 2024 Tax Bracket? Check out this handy reference of updated ranges from the IRS in case your designated bracket has changed.

The IRS can tax up to 85% of Social Security benefits. It may be possible to manage the tax bill.

Social Security Taxes Estimate how much of your Social Security benefit may be considered taxable.

In last month’s blog article, we outlined steps to take if you’re planning on selling your business in the next five years. This month we are talking about managing life after selling your business.

Navigating Life After Selling Your Business: Embracing Change Selling your business is a significant milestone. Receive personalized guidance on emotional adjustment, goal reassessment, tax strategies, wealth management, financial planning, and estate planning with the financial advisors at Phronesis Wealth Management in Severna Park 21146.

Sunburn or Sun Tan: Will Markets Meet (or Miss) Lofty Expectations: https://bit.ly/46CAvvK

U.S. Service Members should consider taking advantage of programs that are available.

Personal Finance Tips for Military Families Military families face unique challenges, making personal finance even more critical.

When you say “Social Security” what does it make you think of?

Everything You Want to Know About Social Security For some, it brings up thoughts of retirement, deductions from your pay stub, or a monthly check your grandparents talked about. But for most, Social Security is just a mystery. 

Compare your taxable investment to a tax-deferred one. The results may surprise you.

Comparing Investments This calculator compares the net gain of a taxable investment versus a tax-favored one.

Discover the YOLO Economy and why Millennials are prioritizing experiences over material things in this thought-provoking article.

How Boomers and Millennials Differ The YOLO Economy is a focus on experiences over material possessions, prompting Boomers to consider a similar mindset.

If you missed our webinar last week, here it is in its entirety. Please share this with anyone you think may find this important topic beneficial. If you would like a copy of the handouts mentioned, please email [email protected] and we will gladly email them to you.

Phronesis Wealth Management: Protecting Yourself from Elder Fraud the webinar is targeted towards elder fraud, the information presented by FBI Special Agent Sarah Lewis of the Baltimor...

Surprises crop up every day, and they’re a great reason to work with us.

Surprises Making the most of surprises is a great reason to work with us.