Viktoria K. Wilson CFP

05/28/2024

Why Investing Is Not Simple...check out this 2-3 minute video

Vidyard video

05/24/2024

One of the more pessimistic outlooks for stock market...

JPMorgan analysts warned in a note to clients this week that the U.S. stock market faces a steep loss by year's end amid a number of economic headwinds.

05/06/2024

🎉 Save the Date! We're excited to announce that WXW's annual Forum is set to take place on October 30, 2024! This year, we're delving into the theme "Fierce & Fearless: Women Navigating Challenges and Seizing Opportunities" where we will celebrate the strength, resilience, and determination of women overcoming obstacles and pursuing success.

05/06/2024

This Saturday!

04/15/2024

Monday morning math

Income * your age / 10 = expected net worth

Do you like to know how do you compare to others? Try this math...annual income times your age and divide by 10...that should be your expected net worth.

Example: 35 year old making 100k a year. 35 * 100,000= 3,500,000 / 10= $350,000.

This is from The Millionaire Next Door book. You should read if you didn't yet!
https://www.audible.com/pd/The-Millionaire-Next-Door-Audiobook/B002UZKJSG

Check out this great listen on Audible.com. Who are the rich in this country? What do they do? How do they invest? How did they get rich? Can you ever become one of them? Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You'll be surprised by what .....

03/19/2024

This is funny but so true for many😃

03/13/2024

Should You Max Out Your 401(k)?

Are you wondering whether maxing out your 401(k) is the right move for you? Let's dive into this hot topic and uncover smarter strategies for optimizing your retirement savings while also pursuing your other financial goals efficiently.

1. Maximize the Match: Start by seizing the opportunity to capitalize on your employer's 401(k) match. It's like getting a bonus on top of your savings! Contribute enough to snag that match – it's a win-win situation.

2. Evaluate Your Objectives: Take a step back and assess your broader financial aspirations. Are there other goals, like buying a home or funding your children's education, that also deserve attention? Balancing your savings strategy ensures you're not putting all your eggs in one retirement basket.

3. Consider Alternative Avenues: Once you've secured the match, explore other investment avenues that align with your goals. A Roth IRA, for instance, offers tax-free withdrawals and greater flexibility. Real estate or diversified investment portfolios could also complement your retirement nest egg.

4. Mitigate Risk Through Diversification: Don't put all your financial hopes in a single investment basket. Assess the risk profile of your 401(k) investments and diversify across different asset classes for a robust portfolio.

5. Consult a Pro: Feeling overwhelmed? Seek guidance from a Certified Financial Planner (CFP) to craft a personalized financial roadmap. They can help you navigate the complexities and tailor a strategy that suits your unique circumstances.

Remember, while maxing out your 401(k) is a pivotal step in securing your retirement, it's crucial to strike a balance and consider the bigger picture. By exploring alternative avenues and diversifying your investments, you can pave the way for a more financially secure future. 💪💰