Korol Financial Group, LLC

Here are some thoughts on the Fed’s move last week and some potential market implications.

Read this week's Market Commentary - https://www.korolfinancial.com/weekly-market-commentary

If you are an investor, you will likely experience multiple market downturns. However, making an emotional decision before thinking through your options could be detrimental to your financial strategy. Here are 5 crucial questions to ask yourself first.

5 Crucial Questions to Ask Yourself Amidst Market Mayhem Every so often we wake up to news reports of market volatility and global financial upheaval. Even though this is not unusual, we grow concerned and some investors panic as they watch their hard-earned money disappear before their eyes. In an attempt to preserve their wealth, investors will begin se...

Happy First Day of Fall 🍂 We hope you find this season filled with joy and hope.

Medicare is complex with many different moving parts involved. Here are five tips to help you plan and prepare so you do not get caught off guard by the nuances of Medicare.

Reach out to us with questions! https://www.korolfinancial.com/contact-us

This week is Medicare Education Week and with some changes made last year, this article lays out the impact of two IRA initiatives.

2024 Medicare Open Enrollment Offers Chance To Stay Ahead Of Costly Changes There are costly changes coming to Medicare Part D drug plans. The 2024 Medicare Open Enrollment period is you chance to get ahead of those changes.

Ask an Advisor! What are some financial mistakes you see people most often making?

Learn more about Ryan and how he can help you work toward pursuing your financial future - https://www.korolfinancial.com/team/ryan-maddex

Ryan Maddex Ryan Maddex Financial Advisor (316) 789-0321 ext. 3 [email protected] Excited by the very nature of finance, Ryan is intrinsically motivated and enjoys the challenges each day brings. He loves to work with clients, providing comprehensive solutions that strive to help them succeed finan...

Read this week's Market Commentary for a 2nd quarter earnings recap by .

https://www.korolfinancial.com/weekly-market-commentary

What happens after you have maxed out your 401(k) contributions? This article provides additional investment strategies for those seeking to elevate their retirement savings outside their 401(k) plan.

Elevate Your Retirement Savings: What to Do After Maxing Out Your 401(k) The 401(k) plan is an excellent way for HENRYs, high earners not rich yet, to save for retirement. Hitting the maximum contribution limit is a goal many work toward to reap the benefits of this tax-deferred saving strategy fully. But what happens after you have maxed out your 401(k) contributions? W...

It's National 401(k) Day!

Today we encourage people to take control of their finances.

Have questions about your 401k? Reach out to Korol Financial Group - https://www.korolfinancial.com/contact-us

"Today, the dollar remains the commanding currency in global transactions, involved in an overwhelming number of exchanges..."

Read more of this week's Market Commentary - https://www.korolfinancial.com/weekly-market-commentary

We hope you and your families enjoy a peaceful and relaxing Labor Day holiday!

At Korol Financial, we host employer-directed education workshops based on your company's retirement plan design and then execute the plan on-site by educating your employees on how to better prepare for retirement and the challenges they may encounter.

To learn more, visit https://www.korolfinancial.com/educational-workshops

A grandparent can help pay for their grandchild's college without tax issues, but an exception to this rule exists.

Learn more.

Can a grandparent pay a grandchild's tuition directly to the college without any gift tax issues? Grandparents can pay tuition directly to a college and avoid federal gift and generation-skipping tax.

"As consumer prices are no longer rising at breakneck speed, the Fed can move on to the other part of its dual mandate for full employment."

Read more of this week's Market Update - https://www.korolfinancial.com/weekly-market-commentary

You can use your 401(k) to fund your child's college, but it isn't your best option. It should be dedicated primarily to your retirement.

Here are 2 primary drawbacks to using your 401(k) for college funding.

Should I use my 401(k) to fund my child's college education? Think twice before using your 401(k) funds to pay your child's college expenses.

August is National Investors Month 💹

Check out our website for principles and strategies that reflect your risk tolerance, time horizon, and goals -
https://www.korolfinancial.com/resource-center/investment

LPL hosted its annual conference for financial advisors last week and posted answers from questions covering topics such as small-cap performance to rate-cutting expectations.

Read it here -
https://www.korolfinancial.com/weekly-market-commentary

It's seldom easy to achieve a balance between saving for your retirement and saving for the ever-increasing cost of a college education. Yet it's imperative that you save for both at the same time.

How can we save for retirement and our child's college education at the same time? It's not easy to balance saving for retirement and college at the same time.

Ask an Advisor!

What is your top budgeting tip for new and young investors?

Learn more about Tyler and how he can help you work toward pursuing your financial future - https://www.korolfinancial.com/team/tyler-schultz

Financial Services | Financial Advisor | Wichita, KS Financial advisor proudly serving Wichita, KS. We offer financial services including Estate Planning, Investment Management, Insurance Review, Tax Planning, and Retirement Planning. We would love to help you identify and meet your financial goals.

"While such sharp declines in equity prices are concerning, looking back at historic data reminds us that dips, pullbacks, and even corrections of 10% or more are a normal and healthy part of any bull market."

Read more -
https://www.korolfinancial.com/weekly-market-commentary

Before their children leave for college, parents should engage in estate planning measures to help provide legal protection for their children and potentially save their estate from future legal challenges.

Kids Heading Off to College? Don’t Forget About These Estate Planning Must-Dos Many parents want to provide their children with the best possible help and care, even when they transition into college. However, as the children come of age, there is much more to consider than tuition fees and dorm essentials. Before their children leave for college, parents must engage in estate...

It's National Baseball Fans Day!

Check out our very own, Craig Korol along with Sam and Matt at the Kansas City Royals Game last month. Fun fact: Craig has visited 18 MLB stadiums!

Read the Weekly Market Commentary by which discusses the recent stock market events.

https://www.korolfinancial.com/weekly-market-commentary

401(k) accounts are far from perfect as a retirement benefit, but there have been improvements. The most significant to these plans over the past couple of decades have added more automatic processes and decision-making.

Automation has improved the 401(k) — but where do we go from here? 401(k) accounts are far from perfect as a retirement benefit, but they are getting better, and more improvements are on the way.

"Inflation Continues to Moderate"

As it relates to business activity, real disposable income continues to rise, giving consumers the ability to keep spending despite high price levels.

Continue reading -
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