Gateway Financial Partners - Tim Hammond

“I haven’t looked at my portfolio since January.”

That may sound harmless, but a lot can change in a few months.

Over time, market movement can cause your investments to drift away from your original target mix.

For example, if stocks have performed well, they may now make up a larger portion of your portfolio than originally intended. That can quietly increase your risk exposure without you realizing it.

This is why periodic portfolio reviews can be helpful.

Not to react to every market headline, but check in on whether your investment strategy still reflects your goals, time horizon, and comfort with risk.

A few things to consider reviewing:

• Has your asset allocation shifted?
• Are you taking on more risk than you intended?
• Have your goals or timeline changed?
• Does your portfolio still reflect your overall financial plan?

Small adjustments along the way may help keep your strategy aligned with your current needs and priorities.

When was the last time you reviewed your portfolio?

Our family recently returned to Lake Powell with good friends for our annual visit.

There is something about the quiet water, towering canyon walls, and wide-open views that encourage you to slow down and appreciate the moment.

Grateful for lasting friendships, time with family, and the chance to recharge in a place that never fails to leave us inspired.

Financial mindfulness is the idea of being aware of your financial decisions in real time, without reacting impulsively or with judgment.

At its core, it’s about paying attention to how money decisions are made, including the habits and emotions behind them.

Forbes has more:
https://www.forbes.com/sites/financialfinesse/2024/05/07/financial-mindfulness-the-key-to-enhancing-your-financial-life/?sh=48b668db11d5

Financial Mindfulness Is The Key To Enhancing Your Life Implementing financial mindfulness can be straightforward with the right strategies. Here are some practical steps to incorporate it into your daily life.

One of the things we love most at Gateway Financial Partners is meeting people where they are.

Whether it's a lunch presentation or a community workshop, we're committed to making financial education more accessible — covering topics like estate planning and preparing for taxes in retirement.

If you're interested in having our team present to yours, we'd love to connect.

602-975-3737
[email protected]

Headlines are written to get clicks. Portfolios are built to last decades.

Those are not the same job.

Selling after a scary news cycle, then buying back once things feel calm and prices are higher, is one of the more expensive habits an investor can pick up. So is piling into whatever sector is on the front page that month.

News will always feel urgent. That's the point of news. A plan, on the other hand, is built around your life and your timeline.

One of the things we love most at Gateway Financial Partners is meeting people where they are.

Whether it's a lunch presentation or a community workshop, we're committed to making financial education more accessible, covering topics like estate planning and preparing for taxes in retirement.

If you're interested in having our team present to yours, we'd love to connect.

602-975-3737
[email protected]

Your investments are doing one job. These five risks need a different one.

Loss of income from a disability or extended job loss
Long-term care needs that can run into six figures
Health care costs that often surprise people in early retirement
Liability exposure beyond what auto and home policies typically cover
Estate transfer issues from outdated documents or beneficiaries

These are the gaps that planning, insurance, and a few good documents are built to address.

A little while back, Henry and I set a goal: swim from Alcatraz to shore in San Francisco Bay.

What followed was months of training, early mornings, and a lot of cold water. It wasn't easy, but that's the point.

The goals worth achieving rarely are. Whether you're crossing San Francisco Bay or building a financial future, the preparation matters just as much as the finish line.

We also made time to visit the Oakland Temple and soak in the Bay Area, a place that's always felt like home to me. A trip we won't forget anytime soon.

Annuities are often discussed in terms of income, but the tax treatment can be just as important to understand.

One key distinction is how the annuity is funded:
• Qualified annuities (funded with pre-tax dollars) are generally fully taxable when withdrawn
• Non-qualified annuities (funded with after-tax dollars) may include a mix of taxable earnings and non-taxable return of principal

In many cases, earnings grow tax-deferred until withdrawals begin, which can affect how income shows up later.

Kiplinger has more:
https://www.kiplinger.com/retirement/annuities/602248/how-annuities-are-taxed

How Are Annuity Withdrawals Taxed? Annuities offer powerful tax advantages and have a few pitfalls (that are avoidable). Here's how to cut your taxes and avoid surprises.

Happy Mother's Day to two women I'm incredibly grateful for. My mom Joyce has always been someone I could count on. Her love and steadiness shaped a lot of who I am today. And my wife Libby raises five kids, keeps our family grounded, and still makes time for adventure. No small feat.

Wishing a wonderful Mother's Day to all the moms in our Gateway Financial Partners community, we hope you feel appreciated today.