WealthPoint Advisors

Are you someone who owns an S&P 500 index fund? Perhaps it is part of your company-sponsored retirement plan. Keep this in mind: The S&P 500 has changed since 2023, with large-cap technology stocks playing a larger role in index performance. In fact, technology and financial stocks make up roughly 40% of the S&P 500, up from less than 15% in 2023, according to a July 2024 report in the Wall Street Journal. Tech stocks alone represent about 30% of the index! 🚀 🔍 Other Insights for the WSJ report: ➡️ Increased Sensitivity: The index is now more sensitive to interest rates due to its tech and financial stock concentration. ➡️ Global Correlation: There's a higher correlation with other global indexes, which some investors may be overlooking. ➡️ Implications for Diversification: The S&P 500 offers some diversification, but it may be more limited at this point. Remember, diversification is an approach to help manage, but not eliminate, investment risk if security prices decline. ➡️ Past Performance: The S&P 500 Composite Index is an unmanaged index that is considered representative of the overall U.S. stock market. Index performance is not indicative of the past performance of a particular investment. Past performance does not guarantee future results. Individuals cannot invest directly in an index. If the S&P 500 is part of your investment strategy, you may want to take a closer look at the index. Connect with us if you need help. #MagnificentSeven #financialprofessional

Retirement can bring both challenges and opportunities for women who have spent years focused on their careers. Check out this article for tips and strategies on how to navigate this significant transition and make the most of your retirement years.

Compound interest can dramatically impact the future growth of your assets. Learn more.

🚨 Medicare Open Enrollment is here! 🚨 Key Dates: 🗓️ Start: October 15, 2024 🗓️ End: December 7, 2024 This annual window is your opportunity to: 🔍 Review Your Coverage: Ensure your current plan still meets your needs. 📊 Compare Plans: Explore new options that might offer better benefits or lower costs. 🔄 Make Changes for 2025: Adjust your plan to better suit your health and financial situation. 💡 Did You Know? 👉 Medicare Advantage Plans: These often include extra benefits like vision, dental, and wellness programs that Original Medicare doesn't cover. 👉 Prescription Drug Plans: Even if you don't take many medications now, enrolling in a Part D plan can protect you from high costs in the future. 👉 Medigap Policies: These supplemental plans can help cover out-of-pocket costs not covered by Original Medicare, such as copayments, coinsurance, and deductibles. 📞 Questions about Medicare and your financial plan? Let's chat. We're here to help you navigate your options and ensure your healthcare coverage aligns with your financial goals. #FinancialFriday #MedicareEnrollment #Retirement #HealthCoverage #SeniorCare

The earlier you start pursuing financial goals, the better your outcome may be. Let this piece help you get started.

🚨 Are You Doing These to Protect Your Identity? In today's digital age, identity theft is a major threat. Take a moment to check if you're taking these steps to help safeguard your personal and financial info: ✅ Freeze your credit: Prevent unauthorized access to your credit report by freezing your credit ✅ Don’t let your mail sit uncollected for too long. Don’t give thieves time to steal sensitive documents from your mailbox. ✅ Consider shredding documents with personal information. A household shredder can be used on documents with personally identifiable information. ✅ Opt out of prescreened credit offers: Manage the risk of fraud. ✅ Use unique passwords: Don’t use the same password for your accounts. ✅ Bypass the PIN at the gas pump. Use your zip code instead of your PIN, if possible. ✅ Safe disposal of digital devices. Properly disposing of old digital devices is a key–but often overlooked–part of identity theft. ✅ Consider identity theft protection services for added security. If you suspect identity theft, watch for signs like unexpected bills or loan denials. The next step to consider is placing fraud alerts or security freezes on your credit reports. Protecting your identity is crucial for financial health. Stay vigilant and implement these measures. If you have concerns, reach out. We're here to help provide you with information that can help improve your personal finances. 💼💡 #IdentityTheft #PersonalFinance #WealthPreservation #CyberSecurity

An ILIT could play a role in your estate strategy.

October is National Cyber Security Awareness Month! 🖥️🔒 In this increasingly digital world, protecting your online presence is CRITICAL! Are you doing all the following: 🔒 Using strong, unique passwords—and considering a password manager 🔒 Consider asking the credit bureaus to help monitor and/or freeze access to your credit 🔒 Enabling two-factor authentication where available 🔒 Staying alert for phishing attempts and scams 🔒 Keeping software up-to-date Can you check the box for each of these? Staying safe and taking precautions can help put you in a better position in the event of a cyber attack. #CyberSecurityAwareness #StaySafeOnline

Are your passwords easy to crack or difficult to decipher? Test your knowledge.

Women face unique challenges when planning for retirement, but it’s nothing you can’t handle. Read more now.