Bone Asset Management

Bone Asset Management Welcome to Bone Asset Management.

We help people solve 3 common problems.
1) How to replace your paycheck when you stop working
2) How to reduce market risk
3) How to figure out if you have enough to retire the way you want

Fun Fact Friday:Over 50% of people who don’t retire at 65 keep working by choicesource: https://bit.ly/3Jzlb7I
03/24/2023

Fun Fact Friday:

Over 50% of people who don’t retire at 65 keep working by choice

source: https://bit.ly/3Jzlb7I

FACT or FICTION: You can’t contribute to more than one retirement account at a time.FICTION: there is no limit to the nu...
03/23/2023

FACT or FICTION: You can’t contribute to more than one retirement account at a time.

FICTION: there is no limit to the number of accounts that you can have open. However, the IRS does set a limit to how much you can contribute to each of those accounts in a year.

Resource: https://bit.ly/3Tt4UpI

Retirement is something that should be thought about at any stage of life. Having a plan and being smart with retirement...
03/22/2023

Retirement is something that should be thought about at any stage of life. Having a plan and being smart with retirement early on can make a huge difference further down the line. It's important to think not only about how to save money now, but how to invest it intelligently and wisely for the future. Doing your research beforehand and talking to professionals, such as financial advisors, gives you an advantage when planning for retirement. Taking care of your finances today means you can have more security and stability tomorrow, so put in the effort to create a retirement strategy tailored to your unique needs.

Wealth WednesdayRetirement wealth has become a hot button issue in the years since the onset of the twenty-first century...
03/22/2023

Wealth Wednesday

Retirement wealth has become a hot button issue in the years since the onset of the twenty-first century. Many people are concerned that they may not have enough assets to retire comfortably, or that they may be impacted more than their predecessors by certain economic downturns. To alleviate some of this uncertainty, having a diversified portfolio consisting of traditional investments such as stocks and bonds as well as alternative investment products such as annuities and health savings accounts. Additionally, developing a plan for systematic withdrawals and seeking guidance from a financial professional can help ensure you preserve your retirement wealth and have the financial freedom to enjoy your golden years.

Time to ThinkRetirement can bring a wave of new possibilities and free time but also require an adjustment period. If yo...
03/21/2023

Time to Think

Retirement can bring a wave of new possibilities and free time but also require an adjustment period. If you're unsure how to fill your days, consider these great activities: Get acquainted with your surroundings by exploring the local area; discover more about your family history using helpful online tools; create music through learning an instrument or express yourself through painting, woodworking, baking etc.; enjoy some much-deserved me-time! There are so many options for making retirement both engaging and fulfilling.

Source:https://bit.ly/3yQjI8r

Ready to make a decision about starting your Social Security payments? You can start collecting as early as age 62, but ...
03/20/2023

Ready to make a decision about starting your Social Security payments? You can start collecting as early as age 62, but keep in mind that the benefit amount will be reduced. If you're facing health issues or needing extra income now, it might be favorable to take advantage of this option sooner rather than later. Additionally, taking earlier benefits could help pay down debt and leverage stock market gains; if married, coordinating with your spouse's situation may also come into play.

Financial Fact Friday:With over 65 million people collecting Social Security benefits in January 2022, the U.S. populati...
03/17/2023

Financial Fact Friday:

With over 65 million people collecting Social Security benefits in January 2022, the U.S. population is seeing significant support from this long-standing program. Over 4 out of 5 recipients are older adults who have retired after a lifetime's worth of commitment and contribution to American society while another fifth benefit through SSDI or as young dependents due to deceased workers - highlighting the meaningful impact on our nation’s well being achieved by these programs.

source: https://bit.ly/3T48AOy

FACT or FICTION: If I Have Enough Money, I Don’t Need to Budget and Save?FICTION: Every individual's financial journey i...
03/16/2023

FACT or FICTION: If I Have Enough Money, I Don’t Need to Budget and Save?

FICTION: Every individual's financial journey is unique, but one thing that remains consistent across the board is the importance of budgeting. Whether you're just starting out or have managed your money for years, a well-structured budget can help bring stability and clarity to finances. It acts as an anchor point when making spending decisions and allows us to allocate funds towards both immediate needs like housing costs alongside future goals such as paying down debt or saving up for retirement.

The 50/30/20 rule provides just one example of how budgets can be structured -allocating fifty percent for necessities, thirty percent on wants, and twenty on savings –but there are other options available too (such as spreadsheets & apps). Whichever method works best depends on everyone’s individual circumstances; however having some kind fiscal plan in place will ultimately ensure long-term success!

https://bit.ly/3L8JWu1

Wisdom WednesdayAchieving financial stability requires thoughtful prioritization of spending, according to your lifestyl...
03/15/2023

Wisdom Wednesday

Achieving financial stability requires thoughtful prioritization of spending, according to your lifestyle and circumstances. Evaluating what's important for you is the key - don't assume that a friend who earns more than you automatically has greater financial security. Additionally, it can be tempting to think "once I make X amount then all my worries will disappear", but setting realistic goals based on your situation is essential in order to help protect against money-related stressors.

Wednesday)

Achieving financial stability requires thoughtful prioritization of spending, according to your lifestyle and circumstances. Evaluating what's important for you is the key - don't assume that a friend who earns more than you automatically has greater financial security. Additionally, it can be tempting to think "once I make X amount then all my worries will disappear", but setting realistic goals based on your situation is essential in order to help protect against money-related stressors.



Source: https://bit.ly/3YwUeH

Wealth Wednesday Creating wealth from a limited financial background may seem like an impossible dream, but it can be ac...
03/15/2023

Wealth Wednesday

Creating wealth from a limited financial background may seem like an impossible dream, but it can be achieved through wise investments and the right mindset. Releasing limiting beliefs about money is crucial - those around you who are living paycheck to payday might have become accustomed to this mentality, but with intentional thought patterns focused on abundance rather than scarcity, there's no reason why wealth building shouldn't be possible for anyone. Don't let fear get in the way of your success; instead remember that having high income alone isn't enough – managing expenses as well as investing responsibly will help keep your finances secure while allowing growth into greater prosperity over time.

source: https://bit.ly/3myzBgK

Time to Think.Have you taken the time to consider all assets in your estate? When accounting for both tangible and intan...
03/14/2023

Time to Think.

Have you taken the time to consider all assets in your estate? When accounting for both tangible and intangible possessions, there's a lot more than meets the eye. From real estate holdings like homes or land to collectibles such as art pieces or trading cards; from bank accounts and stocks/bonds certifications up until life insurance policies - it’s essential for any individual with an annual income over $100K that is looking into Estate Planning to thoroughly account for every aspect involved. Taking this step can give them peace of mind knowing their financial future is secure no matter what lies ahead!

source: https://bit.ly/420XuO7

Retirement is an important step, so it's vital you ensure that your plan for the future takes into account all angles. L...
03/13/2023

Retirement is an important step, so it's vital you ensure that your plan for the future takes into account all angles. Let us talk and make sure you're set up to enjoy a comfortable retirement!

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40950 WOODWARD Avenue SUITE 335
Bloomfield Hills, MI
48304

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