Starfox Financial Services has been recognized as one of the Best Financial Advisors in The Woodlands by Expertise.com. We were chosen from our ratings in Availability, Qualifications, Reputation, Experience, and Professionalism.
Thank you to our family, friends, and clients for your continued support! We are so thankful to those who make receiving honors like this possible.
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The most important part of any long-term financial strategy is having a strong plan. Especially as you prepare for and approach retirement. It’s crucial to know what benchmarks you’re aiming for to ensure you’re on the right path, and what to do when you reach those benchmarks. Remember, a solid plan pays dividends over the years.
The market is inherently volatile. It goes up and down. If it didn’t, there wouldn’t be any reward for investing. Even in the best years, there are pullbacks that can worry investors. However, these pullbacks are a natural part of the system. Without them, we’d see countless unpredictable bubbles and terrible crashes. Accepting that the market fluctuates is a key factor for long-term success.
That being said, sometimes, things look extremely bleak and investors have a tendency to panic. This almost never ends well. For example, in 2020, when the pandemic first swept the globe, the market lost 34% of it’s value. However, by the end of the year, the market gained 16%. *It can be difficult, but staying the course and sticking to your plan is the only way to ensure long term success.
As you’ll be drawing from your investments come retirement, it might seem like taking a loss is the only option you have when the market takes a bad turn. This is why having a 3 to 6-month safety net is so important. Should the market fall as it did in 2020, having a safety net not only ensures you don’t take a loss, it leaves your money in the market for the rebound rally that generally follows such events.
Putting this all together may seem complicated, but at Starfox Financial Services, our team will work with you to create a plan that will weather the most volatile markets, and we’ll be here to guide you through both good times and bad. Start planning for your retirement by feeling out the Financial Planning Questionnaire!
Contact us today to learn how we can help you address your unique investment complications with the right planning and guidance.
Investors with sizable wealth face unique considerations. In our free guide, we break down who, what, and how to create a realistic plan to both sustain and enjoy your wealth for years to come.
Enter your details and download a printable guide about High-Net-Worth Investor Needs.
The Starfox team is thrilled to announce we’ve been voted as one of the top financial advisor firms in The Woodlands!
We are over the moon to have placed in the top three! This recognition is especially meaningful to us since the votes are cast by you, our wonderful community, clients, and friends.
A big thank you from the entire team!
The Social Security Administration revealed the cost-of-living adjustment will increase by 5.9% in 2022. The greatest increase in over 40 years. However, be prepared for Medicare, taxes, and inflation to eat away at your adjustment.
The Social Security adjustment is not the only thing increasing in 2022. Medicare Part B, which covers doctors’ fees, and outpatient services, will also increase drastically. The trustees for the Centers for Medicare & Medicaid estimated this past summer that the premium would jump to $158.50. The government announced this week Medicare Part B standard premium will rise by 14.5%, making it $170.10 in the coming year, far above the estimate.
What does this mean for high-income retirees? The effect of rising Medicare premiums is even more consequential for those whose premiums tie to their income. These Social Security beneficiaries above the combined income thresholds will pay taxes on up to 85% of their benefits.
As inflation prompts higher annual benefit adjustment, more families will pay taxes on their benefits, resulting in an overall reduced net benefit.
These adjustments will continue to rise in the future. Consider consulting with our financial advisors to review how these changes may affect the course of your retirement. Schedule a consultation with one of our planning experts here.
Source: SSA.gov
An Individual Retirement Account (IRA) is an account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis.
You may not realize this, but building wealth to secure your long-term goals starts with one, simple step: Building good financial habits, now.
Saving and investing wisely. Managing debt. Controlling your spending. And defining what matters most in your financial life—for today and tomorrow—are the building blocks of a secure future.
And there’s never been a better time to lay that foundation.
At Starfox Financial Services, we’re ready to help you plan for your future. We know sometimes even thinking about financial stability can feel intimidating, especially if it means limiting the things that you’ve worked hard for. But with the right financial plan in place, achieving your goals of tomorrow doesn’t have to mean giving up what makes your life rich, today.
Wondering how it works? We can show you, or you can see yourself at the Start My Plan link below.
How to start:
Calculate your emergency fund goal here
Read Will Warren’s Bio Here
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