KMI WEALTH

Holistic and sustainable wealth management for each stage of you and your family’s financial life.

Kristen Mayer is a Registered Investment Advisor and CEO and Founder of KMI Wealth, a registered investment advisory firm. Additionally, Kristen is a motivational speaker and educator who is passionate about education on subjects of Women in Investing, Impact Investing, Family Wealth Planning and Philanthropic Advisory.

11/15/2023

If you're wondering what gender has to do with money, you're not alone. But the numbers don't lie—there are a range of factors that can affect women's finances more than others. At KMI, we strive to create an inclusive and empowering environment that helps women make informed decisions about their money and achieve their financial goals.

Sources:
Investing involves risk, including risk of loss.
1. MedRxIV, Changes in Life Expectancy Between 2019 and 2021: United States and 19 Peer Countries, April 2022
2. CDC, Women, Caregiving, and COVID-19, June 2021
3. Fidelity Viewpoints Article, The hidden costs of caregiving

11/07/2023

As we near the end of 2023, here is a reminder to review your current annual contribution to your retirement plan and maximize your savings.

2023 Contribution Limits:

Traditional & Roth 401k - Up to $22,500 a year ($30k for those over 50)

Traditional & Roth IRAs - Up to $6,500 a year ($7500 for those over 50)

Simple IRA - Up to 15,500 a year ($19,000 for those over 50)

SEP IRA - Up to $66,000 a year or 25% of compensation (the lesser of these options)

A slight contribution increase may have a significant impact on your retirement savings. I love seeing contribution limits get raised because the ability to invest more money earlier on means that compound growth has more time to work its magic on your invested capital.

Visit the link in our bio to help you estimate how much income you may need in retirement and the savings necessary to produce that income.

Source: irs.gov

10/24/2023

As the festive season approaches, it's time to get ready for some joyful celebrations without breaking the bank. Here are my top tips for smart holiday spending that'll keep your budget in check.

🎄Set a Budget: Before you start shopping, decide on a realistic budget. Allocate amounts for gifts, decorations, food, and any other holiday-related expenses. This will help you stay on track and avoid overspending.

🎄Make a List (and Check it Twice!): Jot down the names of everyone you're buying gifts for. Having a list prevents impulse buying and ensures you don't forget anyone important.

🎄Thoughtful Gifting: It's not about the price tag; it's the thought that counts! Consider meaningful, homemade, or personalized gifts that show you care without straining your wallet. You can also pick your favorite, local charity and make contributions in their name.

🎄Start Early: Don't wait until the last minute to shop. Starting early gives you time to find deals, compare prices, and make thoughtful choices without the pressure.

🎄Track Your Spending: Use budgeting apps or spreadsheets to track your holiday expenses. This will help you see where your money is going and adjust if needed.

🎄Avoid Impulse Buys: When you're out shopping, pause before making a purchase. Ask yourself if it's really necessary and if it fits within your budget.

🎄 Celebrate Meaningfully: Remember, the holidays are about spending time with loved ones, creating memories, and sharing joy. Focus on the experiences, traditions, and moments that truly matter.

Let's make this holiday season magical without the stress of overspending. Share your own budget-friendly tips in the comments below and spread the wisdom! 🎁💬

10/19/2023

Don’t be spooked 👻 about protecting your financial future! Every single one of you out there deserves to be protected.

Having these documents not only for you but family (kids) in place helps you plan for various life scenarios, protect your assets, make your wishes known, and ensure that someone you trust can act for you & your family when necessary.

It's advisable to consult with an attorney to create these documents according to your specific needs and the laws of your jurisdiction.

Swipe ———-> for the 4 MUST have documents with a brief explanation that everyone should have for their security and protection.

10/04/2023

ICYMI, federal student loan payments, which have been paused since March of 2020, resume back in October. For many borrowers, making room in their budgets is going to have a big impact on their finances. (Hint: Monthly payments can vary from $200 to $300+ on average.) Balances started accruing interest at the beginning of September, so now is a good time to come up with a game plan for tackling your payments.

🎓Enroll in the right plan. Borrowers are eligible for the standard 10-year repayment plan, but there are other options, like the SAVE plan or PAYE plan. Use the fed gov’s student loan simulator to see which one is best for you.

🎓Start paying ASAP. If you can, get ahead of your payments. Paying sooner rather than later means you’ll pay less in interest when all’s said and done. Especially if you have direct loans, because that interest compounds daily.

🎓Get short-term relief. If you’re in a tough spot, options like deferment or forbearance can pause or reduce your monthly payment. But know that you might still be racking up interest. Plus, these periods don’t typically count toward student loan forgiveness requirements.

09/22/2023

🌅 As the sun sets on this chapter, we bid adieu to another incredible summer season. Let's take a moment to reflect on the memories, the adventures, and the warmth that these months have brought into our lives.

Hope you all have a great weekend!

09/06/2023

Happy Birthday to the man who does it all! We love you so much !

08/23/2023

By investing in education, skills, and knowledge, you equip yourself with valuable tools and expertise. Take courses, attend workshops, read books, and embrace lifelong learning.

The more you know, the more confident and capable you become in pursuing your passions and achieving your goals.

Address

Reno & Lake Tahoe
Reno, NV
89509

Website

http://WWW.KMIWEALTHADVISORS.COM/

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