Runey & Associates Wealth Management

We have all heard the pitch: “Buy rental properties and let your tenants pay for your retirement.” It sounds like the ultimate path to passive income. However, as you approach your golden years, the definition of a good investment changes. In retirement, your most valuable assets are predictability, liquidity, and time.
Direct real estate ownership—the kind involving deeds, dirt, and difficult tenants—often works against these goals. If you are weighing the pros and cons of being a retirement-age landlord, here is why physical property ownership might be more of a burden than a blessing.
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Real Estate: A Retirement Liability - Runey & Associates Wealth Management Owning real estate in retirement can be a retirement liability rather than providing you with the cash flow stream you were expecting.

The recent headlines regarding the ongoing tensions between the U.S. and Iran are undeniably unsettling. As we watch the news unfold, it is only natural to feel a sense of concern—not just for global stability, but for your financial future. When the world feels uncertain, the instinct to “do something” with your investments can be overwhelming.
However, when it comes to your portfolio, the best course of action is often the hardest one: staying the course.

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Geopolitics and Your Portfolio: Why Perspective is Your Best Asset - Runey & Associates Wealth Management Geopolitics and Your Portfolio: when it comes to your portfolio, the best course of action is often the hardest one: staying the course.

What if you could employ gift giving strategies that benefit the receiver and also provide the giver significant strategic financial and tax planning advantages?
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The Unexpected Gifts of Giving: How Helping Others Helps You Too - Runey & Associates Wealth Management The Unexpected Gifts of Giving: benefits to recipients AND profound positive impacts on the giver's physical, mental, and spiritual health.

As retirement looms, a single, critical financial question often takes center stage: Should I pay off my mortgage before I stop working?
It’s a decision with significant ramifications, touching on everything from your monthly cash flow to your overall tax situation and peace of mind. There’s no one-size-fits-all answer, but by weighing the pros and cons, you can decide what makes the most sense for your golden years.
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The Big Question: Should You Pay Off Your Mortgage Before Retiring? - Runey & Associates Wealth Management As retirement looms, a single, critical financial question often takes center stage: Should I pay off my mortgage before I stop working?

We want to send our sincerest THANK YOU to all of you for making our 7th Annual Holiday Food Drive for ECCO (East Cooper Community Outreach) a success!

We collected a record 453 lbs of food and pantry items and raised a record $590 of monetary contributions! All of the donations were dropped off at ECCO yesterday morning (Thursday) and they are very grateful for your support of our local community.

Thank you to all of you who participated in our raffle (our winner has been notified) and to those of you who came to our Christmas Party last Thursday - we had a blast spending the evening with all of you and we are already looking forward to next year's party!

Wishing all of you a wonderful Holiday Season!

Linda, Jamie, and Tyler

Join us in our 7th Annual Food Drive for ECCO (East Cooper Community Outreach)! We are excited to host this food drive once again and we invite you to check out the flyer below for ways to participate. Any and all contributions are welcome.

Part 2: The Secrets of Generational Wealth: How to Apply the “Rich Get Richer” Mindset to Your Own Finances
In Part Two of this two-part article, we'll turn our attention to the non-financial strategies the wealthy use to preserve generational wealth. In part one we explored the specific financial actions they employ.

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Part 2: The Secrets of Generational Wealth: How to Apply the "Rich Get Richer" Mindset to Your Own Finances - Runey & Associates Wealth Management "The rich get richer" because wealthy families employ strategic, long-term multigenerational wealth planning.

Part 1: The Secrets of Generational Wealth: How to Apply the “Rich Get Richer” Mindset to Your Own Finances
In part one of this two-part article we explore specific generational wealth planning financial actions employed by the wealthy. In part, two we will focus on the non-financial strategies they employ.
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Part 1: The Secrets of Generational Wealth: How to Apply the "Rich Get Richer" Mindset to Your Own Finances - Runey & Associates Wealth Management "The rich get richer" often holds true as wealthy families employ strategic, long-term generational wealth planning to protect their wealth.

Working with a financial advisor, that fits your specific needs, can have lifelong positive impacts on both your financial and your personal life. What steps do you need to take to find the Best Financial Advisor for You?
- Start with understanding your personal needs
- Determine what you want your financial advisor to do for you
- Consider what type of compensation arrangement you are comfortable with
- Do your research (including google reviews)
- Interview the advisors you have shortlisted
- Evaluate the trust and communication portrayed by the advisor, and
- Trust your instincts when you decide to move forward with an advisor
- With the right choice, you will have an advisor that will be a trusted relationship for life.
- For more details on each of these steps, check out our blog post
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How to find the Best Financial Advisor in Mount Pleasant, SC for You - Runey & Associates Wealth Management What steps do You need to take to find the Best Financial Advisor in Mount Pleasant, SC for You? Start by Understanding Your Personal Needs..

Six Smart Tax Saving Strategies Every 1099 Contractor Should Know
Being a 1099 independent contractor means you are essentially running your own business, which comes with unique tax responsibilities and significant opportunities for tax savings. Click here for some smart tax saving strategies every 1099 contractor / independent contractor should know:

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Six Smart Tax Saving Strategies Every 1099 Contractor Should Know - Runey & Associates Wealth Management As an independent contractor, saving on taxes is critical. Here are Six Tax Saving Strategies Every 1099 Contractor Should Know.