Greco - Nader Wealth Navigation

Greco - Nader Wealth Navigation Registered associates of Greco-Nader Wealth Navigation are registered representative of Lincoln Fina

Registered associates of Greco-Nader Wealth Navigation are registered representative of Lincoln Financial Advisors. Securities and investment advisory services offered through Lincoln Financial Advisors, a broker-dealer (member SIPC) and registered investment advisor. Greco-Nader Wealth Navigation is a marketing name for registered representatives of Lincoln Financial Advisors.

12/31/2021

Mistakes I see investors make daily...

Trying to time the market
Listening to friends
Trying to pick individual stocks
Buying investments they don't understand
Speculating with crypto
Keeping too much money in cash
Not diversifying enough
Buying high
Selling low

If you have made one of these mistakes, don't worry you are not alone. The good news is, their are ways to avoid these mistakes with strategic financial planning.

12/23/2021

Social security usually only covers 33% of your current income. So where are you going to get the rest of your income in retirement? 😒

12/22/2021

As executives, it's important to make the most of our 401k plans. Here are three tips for investing in our 401ks:

1. Consider maxing out your 401k: By maxing out your 401k if your cash flow allows, you are lowering your taxing and putting away money for your retirement. The more you can invest earlier on, then the more compounding effect that takes place over time!

2. Review your employer's match policy: Employers often offer matching contributions to employee 401k plans. Review your employer's matching policy to see how much of your contribution they will match.

3. Consider Roth contributions: Roth contributions are taxed when they are made, but distributions in retirement are tax-free. This can be a good option for those who expect to be in a higher tax bracket in retirement.

12/21/2021

Creating a financial plan is more important than ever, especially with the uncertain economy. There are many factors to consider when making financial decisions, like your expenses, investments and taxes. One important thing to remember when creating your plan is that it should be personalized to meet your needs. With the right help, you can get on track for your future!

Taking charge of your finances is one of the most important things you’ll ever do for yourself. Not only is it important to have a plan in case of an emergency, but having a solid financial foundation can help you achieve your goals in life. Here are two tips for getting started on your financial plan:

1. Get organized: One of the most important steps in creating a financial plan is getting your finances in order. This means tracking your income and expenses, creating a budget and figuring out your net worth. The more organized you are, the easier it will be to make decisions about your money.

2. Get professional help: Working with a financial planner or advisor can be a great way to get started on your financial plan. These professionals can help you figure out your goals and create a plan that fits your unique situation. They can also provide guidance on investing, taxes and other money matters.

12/20/2021

Have you ever experienced any of these challenges when trying to be an investor...
1. “Waffling" (being too conservative with your money)
2. Feeling like investing is too overwhelming?
3. Not knowing where to start?
1, 2, or 3?👇

12/17/2021

What's your favorite form of passive income and why?

12/15/2021

There are many questions that come with retirement.

People may wonder how much time they need to save, or where they should make their money work for them.

Some people aren't even sure when it will be the right time to retire. With all of these questions running through people's heads, here is some information on how executives can determine when they can retire.

There are a few different formulas that can help executives figure out when they can retire. The most common one is the "4% rule." This rule states that retirees can withdrawal 4% of their total savings each year without running out of money. This withdrawal rate will also allow for inflation adjustments.

Another option that executives have is to calculate how much money they will need to live on each year. They can start by multiplying the current amount of their annual spending by 25. This gives them a rough dollar amount for when they can retire without changing their lifestyle too drastically.

Lastly, executives should make sure that the social security benefits they're going to receive are enough to cover their costs. The average Social Security recipient gets around $1,360 a month. If retirees want to receive more than that each month, they'll need to make sure they have other sources of retirement income.

There are many things for executives to think about when it comes time to retire. However, by using one of these methods, they can get a better idea on when is the right time for them.

12/14/2021

Is your goal to have over a million dollars in retirement?
Yes / No

12/13/2021

One of the most important steps to becoming successful is to get your finances in order. This means taking control of your money and learning how to build wealth. Here are three ways to do just that:

1. Get educated about money management.
The first step is to get educated about money management. This could be in the form of taking a personal finance class, reading books on the subject or enrolling in a financial planning course. Even if you have basic knowledge about how to manage your money, it can't hurt to brush up and get more knowledgeable.

2. Open an investment account.
Another important step that you need to take in order to get control of your money and build wealth is opening an investment account. You can open a 401(k) at work, but you might also want to look into other options such as a traditional IRA, Roth IRA or SEP-IRA. Creating an investment portfolio with these accounts could be very helpful in the future when you're ready to retire.

3. Live below your means.
One of the most important things to remember when trying to get your finances in order is to live below your means. This means resisting the temptation to overspend and making a budget that you can stick to. By living within your budget, you'll be able to save money each month and put it towards your long-term financial goals.
By following these three tips, you'll be well on your way to getting control of your money and building wealth. Just remember to stay disciplined and be patient – it may take some time to see results, but it will be worth it in the end!

What step are you working on? 💪

12/12/2021

What do you feel most around your finances? Shame, Joy, Abundance, Grief, Fear, Shame, Hope?

12/11/2021

People who are in the workforce today do not have a retirement that looks like their parents' or grandparents. It's a new world and people need to start thinking differently about how they save for retirement.

With the changing economy and lack of traditional pensions, executives need to save more money.

Here are three ways that you can start saving more for retirement:
1. Pay yourself first by having a portion of your paycheck automatically go into a savings account or a 401k before all other expenses
2. Live below your means and avoid lifestyle inflation
3. Invest in assets that will grow over time, such as stocks, real estate or bonds

How are you preparing for retirement? 1, 2 or 3?

12/09/2021

Are you currently maxing out contributions to your retirement accounts?

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