Blog

Wealth Enhancement Group in the News: February 2023

03/27/2023

3 minutes

Looking for more insights?

Get our newsletter with market commentary, financial planning perspectives, and webinar invitations.

Wealth Enhancement uses your information to respond to requests and share product and service information. You can unsubscribe at any time. Review our Privacy Policy for more information.

We're in the News for a Reason

In today's uncertain economy, one thing's for sure: the financial experts at Wealth Enhancement Group know their stuff. Our financial advisors and managing directors have been featured on local and national media outlets to help you better understand how to manage your financial plan in our current volatile markets. From CNBC to Bloomberg, Fortune Magazine and more, our advisors are here to keep you up-to-date & provide you with critical advice, no matter where you're in your financial journey.

Personal Financial Tips, Both Small and Large

  • If you need help boosting your savings, you may find a new opportunity in a high-yield savings account. However, practice good financial hygiene before you move your money around to capitalize on higher interest rates. Paying down high-interest debt before bolstering your savings accounts is always the primary goal of any savings plan, according to Brian Kuhn, Senior Vice President & Financial Advisor at Wealth Enhancement Group. Read more in this Fortune Recommends article.
  • We all wonder about money; it seems to control so much of our lives. However, it's easy to get caught up in the uncertainty of our day-to-day lives and let fear influence our financial decisions. In a comprehensive interview on Newsmaker Sunday, Wealth Enhancement Group Senior Vice President & Financial Advisor Al Hicks seeks to soothe fears and answer questions on various financial topics, from retirement to inflation. Want to find out more? Watch the four-part interview here.

Image

“Newsmaker Sunday discusses finances with financial planner Al Hicks.”

Photo courtesy of WeAreGreenBay.com


  • Are you thinking about buying a home? Then you may have heard of the 28/36 rule: your mortgage payment should not exceed 28% of your total income, and your total debt payments should not exceed 36%. However, according to Ted Braun, Senior Vice President & Financial Advisor at Wealth Enhancement Group, this rule needs to account for other important factors, such as temporary but significant expenses. His advice? "Budget for a home that falls well below the 28% threshold". Read more in Fortune Recommends article How much money you need to make to afford a $600,000 home.
  • Thinking about buying a home… with someone you're not married to? You might want to plan a bit more than you think you should. According to Nicole Webb in this Money Scoop article, unmarried couples purchasing a home should outline a cohabitation agreement and keep track of their individual contributions to the property. When buying a major asset with someone you're not legally bound to, it can pay off to have a bit extra caution.
  • The SECURE 2.0 Act brought changes to 529 plans that are splitting the opinions of financial advisors. The new change will allow beneficiaries of 529 plans to transfer assets that have been in place for 15+ years into a Roth IRA. Wealth Enhancement Group Managing Director of the Carolinas Kris Carroll outlines the fact that, while this may help encourage more families to use 529 plans for college funding, it may be a partial game changer. Read both sides of the discussion in this InvestmentNews article.

Your Next Markets Updates

  • Has the market priced in the Fed's high terminal rate? Nicole Webb, Senior Vice President & Financial Advisor at Wealth Enhancement Group, doesn't think so. According to her analysis in this CNBC Closing Bell interview, market expectations aren't aligning with the reality the Fed is aiming for with its rate hikes.
  • According to Wealth Enhancement Group Senior Vice President & Financial Advisor Charlie Massimo on Bloomberg Drive to Close, it could be a good environment for eliminating your long-term risk. The relatively high rates of short-term Treasury Bills can represent an opportunity to manage your risk, especially as the Fed considers further interest rate increases.
  • What Goes Up… is the name of the Bloomberg podcast that Nicole Webb recently featured on. In an interview titled "Don't Feel Bullied by the Stock Rally," Nicole and the podcast's hosts speak about why individual investors shouldn't get caught up in FOMO investing and inflated valuations, especially with further Fed activity as an imminent factor.
  • The economy isn't slowing down. While this might have seemed like a good thing a couple of years ago amid the COVID-19 crisis, it's now a sign of continuing inflation. In this episode of Bloomberg Daybreak: Australia, Nicole Webb discusses macroeconomic policy and how this is impacting investment decisions in the trenches.

Here for You, No Matter Where Your Life Takes You

Whether you're watching the stock market like a hawk, trawling through local real estate listings for your first home, or wondering the best way to save for your children's college education, the financial advisors at Wealth Enhancement Group have what it takes to augment and fortify your financial plan. Our advisors' level of expertise is second-to-none, and the level of care we provide is specific, conscientious, and personalized. If you want to learn how a relationship with a Wealth Enhancement Group financial advisor can transform your financial reality, reach out and book a no-obligation introductory meeting today!

Looking for more insights?

Get our newsletter with market commentary, financial planning perspectives, and webinar invitations.

Wealth Enhancement uses your information to respond to requests and share product and service information. You can unsubscribe at any time. Review our Privacy Policy for more information.