Blog

At GENESIS Wealth Management, we put clients first. Our team and all of our resources are dedicated to helping clients achieve their financial goals.

Our blog is a place for you to learn more about current market news, the latest information for investment advice and financial planning related to wealth management industry. Our weekly blog will keep you current on everything you need to know to pursue your financial objectives.

Wednesday, October 23, 2019

Finding time to take a breather from the daily grind of life can be difficult. You're likely locked into your regular schedule and hardly have a moment to think about your well-being. Carving out a career for yourself can often be...

Friday, October 18, 2019

Historically, having a diversified portfolio is a good way to manage risk, and REITs may be a way to diversify some of your assets into passive real estate investments. You don’t have to manage or finance REIT properties, but...

Tuesday, September 17, 2019

Insurance should be part of everyone’s plan – and it should evolve too Young adults starting out in life, especially newlyweds, need insurance. But what kind? As a start, a good term life policy likely is a smart move....

Friday, August 16, 2019

With so much going on in the world these days, it's easy to overlook the developments in the precious metal markets. Even as governments continue to devalue currencies, central banks across the globe have been accumulating gold. Should...

Wednesday, August 7, 2019

Global markets reacted swiftly, but China and its people may suffer more The Chinese government’s move to push down its currency’s value serves one purpose: It told the world’s stock exchanges to panic, which they did...

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Wednesday, July 17, 2019

Blue chip stocks have been on a tear this month. The Dow Jones Industrial Average (Dow) has risen 2.8% in July, the best performer of the four benchmark stock indexes we track. As shown in the LPL Chart of the Day, The Dow’s Hot...

Friday, July 12, 2019

The cyclist can win with a few strategic moves and by avoiding crashes. To reach your financial goals, you don’t have to outperform every benchmark every year. For long-term investors, avoiding and mitigating losses is a key...

Tuesday, June 11, 2019

GENESIS Wealth Management announced it has implemented Riskalyze, the world’s first first risk alignment platform, which mathematically pinpoints a client’s Risk Number® and equips advisors to empower fearless investors...

Tuesday, April 23, 2019

Individual retirement accounts (IRAs) come in two flavors: traditional and Roth. With a traditional, contributions are potentially tax deductible and taxes on contributions and earnings are paid when funds are withdrawn in retirement....

Thursday, April 18, 2019

After such a strong rally this year, you may be wondering what could drive stocks higher from here. With the S&P 500 Index near its all-time high, a lot of good news could be priced in to stocks. At the same time, disappointments could...

Wednesday, April 10, 2019

As tax season comes to a close, you realize exactly how much you paid in taxes and naturally will ask the question, “what can I do to reduce my taxes next year?” The very short and simple answer to this question is to...

Thursday, April 4, 2019

You can use a variety of strategies to pay off debt, many of which can cut not only the amount of time it will take to pay off the debt but also the total interest paid. But like many people, you may be torn between paying off debt...

Tuesday, March 26, 2019

Do your investment choices reflect your outlook? Are they in agreement with your values? These questions may seem rather deep when it comes to deciding what to buy or sell, but some great investors have built fortunes by investing...

Friday, March 15, 2019

Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2018. You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2018 ($6,500 if you...

Friday, March 8, 2019

Will the slowdown in China’s growth keep inflation in check? Inflation remains relatively low, both in the United States and globally, with the U.S. inflation rate hovering around the Federal Reserve’s 2% target. Dropping...

Friday, March 1, 2019

After a month-long delay, investors finally have crucial context on economic growth through the end of 2018. As shown in the LPL Chart of the Day, fourth quarter gross domestic product (GDP) grew 2.6% from the prior quarter, higher...

Thursday, February 28, 2019

While tax scams are especially prevalent during tax season, they can take place any time during the year. As a result, it's in your best interest to always be vigilant so you don't end up becoming the victim of a fraudulent tax scheme....

Friday, February 22, 2019

Getting old is hard. Your parents’ ability to manage their own finances may decline as they age. Helping them with money matters is a sensitive issue you need to approach carefully. When you hit a certain age of your life, you...

Friday, February 15, 2019

One of the critical needs of a small business is to protect against the untimely death of an owner. This is important because the family of the owner may face a large tax bill, and may not have the liquidity to pay the tax. To make...

Friday, February 8, 2019

Like most businesses, law firms providing health care benefits to employees find their budgets strained by spiraling medical insurance premiums. One solution, the Health Savings Account (HSA), which was created as part of the 2003...

Friday, February 1, 2019

What financial, business, or life priorities do you need to address for 2019? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund...

Friday, January 25, 2019

The Super Bowl indicator suggests that stocks rise for the full year when the Super Bowl winner comes from the original National Football League (now the NFC), but when an original American Football League (now the AFC) team wins,...

Friday, January 25, 2019

When it comes to investing, many people associate risk with losing money. But investing entails different types of risk. Understanding each type -- and the potential return associated with your retirement portfolio -- can help you...

Friday, January 18, 2019

The U.S. government is in Day 27 of a partial government shutdown, now the longest in history. Past shutdowns have largely been a nonevent for the U.S. economy and stocks. Business and consumer confidence indicators usually decline and...

Wednesday, January 9, 2019

The environment for fixed income investors has been challenging over the last several years, and the struggle has intensified recently. As shown in the LPL Chart of the Day, long-term yields have fallen to 12-month lows, weighed down...

Friday, January 4, 2019

In the end, the S&P 500 Index lost 9.2% in the historically bullish month of December, for the worst-performing December since 1931. From continued trade worries to algorithmic and high frequency trading, from the global economic...

Monday, December 31, 2018

The new year is almost here. Have you considered your financial resolutions for 2019? Whatever your current situation, you can benefit from improving your spending and saving habits. Now is the perfect time to begin mapping out your...

Friday, December 28, 2018

LPL Research is excited to present Outlook 2019: FUNDAMENTAL: How to Focus on What Really Matters in the Markets, with investment insights and market guidance for the year ahead. LPL Research believes the following three themes will be...

Friday, December 21, 2018

The year-end deadline for many key financial decisions is approaching. Check your finances now to avoid unpleasant surprises. December 31 marks the deadline for decisions that can significantly affect your wealth. Taking action now...

Friday, December 14, 2018

Few terms in personal finance are as important, or used as frequently, as "risk." Nevertheless, few terms are as imprecisely defined. Generally, when financial advisors or the media talk about investment risk, their focus is on the...

Friday, November 30, 2018

What we don't know can hurt us. When it comes to investing, investing too conservatively for our goals may be just as damaging as investing too aggressively. How can individuals strike the balance between risk and return in selecting...

Monday, November 26, 2018

College prices are up again this year. According to The College Board’s latest Trends in College Pricing, the average total cost to attend one year at a four-year public, in-state college now runs over $21,000, and over $48,000...

Friday, November 16, 2018

The holidays are quickly approaching. Consider celebrating the season by gifting savings investments to your young loved ones. Cash and investment securities are always a welcome gift, especially when the purpose is as well defined as...

Friday, October 5, 2018

A look at three other long-term care (LTC) coverage options. Traditional long-term care insurance has grown costlier—and some of those who buy it may never need the coverage. Are potentially cheaper, flexible options available?...

Friday, September 21, 2018

The Cost of Relocating It's natural to consider relocating for retirement. But financially, moving after retirement can sometimes be a big risk. You've worked hard and built a retirement nest egg that could finance a move to another...

Friday, August 31, 2018

Life insurance has many uses, including income replacement, business continuation, and estate preservation. Long-term care insurance provides financial protection against the potentially high cost of long-term care. If you find...

Wednesday, August 8, 2018

Why it is so vital for the truly affluent? Wealth management means more than just supervising a portfolio. It is multi-faceted: addressing risk and tax management, estate planning and charitable gifting, and perhaps college planning...

Friday, July 20, 2018

Linda and Peter are worried about their financial future. "We want our one-year-old son, Raymond, to go to college, but we're concerned that in 17 years, the cost might be more than we can afford," says Peter. "We also need to save for...

Friday, June 22, 2018

Life insurance has come a long way since the days when it was known as burial insurance and used mainly to pay for funeral expenses. Today, life insurance is a crucial part of many estate plans. You can use it to leave much-needed...

Thursday, May 31, 2018

It's generally a good idea to review your employer-sponsored retirement savings plan or IRAs at least once each year and when major life changes occur. If you haven't given your plan a thorough review within the last 12 months, now may...

Friday, May 4, 2018

As a business owner, you're going to have to decide when will be the right time to step out of the family business and how you'll do it. There are many estate planning tools you can use to transfer your business. Selecting the right...

Monday, April 23, 2018

Remember inflation? That nasty beast that plagued the U.S. economy in the ‘70s and ‘80s, driving prices up over 10% a year for a time, and wreaking havoc with financial markets? For most Americans, high inflation may be...

Thursday, April 12, 2018

By default, single women have always taken responsibility for managing household wealth, but the latest in a series of ongoing studies into the attitudes and actions of women around financial topics found that an ever-increasing...

Wednesday, April 4, 2018

What Your Financial Plan Should Include The key to creating a successful financial plan is ensuring that it covers your current and future financial needs. The best way to determine your particular needs is by spending time with your...

Thursday, March 29, 2018

Take Control of Your Financial Future The pace and complexity of managing modern finances may leave some people unprepared to achieve a successful financial future. If you’re feeling less than confident about your future, having...

Thursday, March 22, 2018

You can’t always envision what will happen in your “second act.” Just as few weathercasters can accurately forecast a month’s worth of temperatures and storms, many retirees find their futures unfolding...

Thursday, March 15, 2018

Thanks to the Tax Cuts and Jobs Act of 2017, Section 529 plan savings may now be used for K-12 tuition as well as for higher education costs. Over 20 years ago, federal lawmakers authorized states to create tax-exempt "qualified...

Thursday, March 8, 2018

Here are some options for getting the most out of multiple retirement accounts You may have had multiple jobs over your career, and left behind retirement account balances of critical building blocks for your retirement. Here is a...

Thursday, March 1, 2018

By now, you have probably received year-end statements for your investment accounts and retirement plan. If your investments include a large share of stocks or stock funds, the news was probably good. In fact, 2017 was a banner year...

Thursday, February 8, 2018

As just about every investor knows, it's not what your investments earn, but what they earn after taxes that counts. After factoring in federal income and capital gains taxes, the alternative minimum tax, and any applicable state and...

Wednesday, January 17, 2018

If you’re like most people, then once a year, you head to your doctor, regardless of whether you think you may need it at the time. He or she pokes and prods you, gives you a number of tests and asks – and answer –...

Friday, December 22, 2017

Whether you are five or 30 years away from retirement, budgeting for retirement at any age may make your retirement much more enjoyable. Retirement brings many changes, including your finances. Several factors impact your finances...

Tuesday, December 12, 2017

Since the likelihood for comprehensive tax reform is high, now is an optimal time to position yourself for change. Although new provisions won’t likely go into effect until 2018 or later, they could still impact 2017 year-end...

Monday, December 11, 2017

During a recent client meeting, my client stopped me and said, "You know, I read an article the other day in the Wall Street Journal that used this term…fiduciary…and I didn't really know what a Fiduciary was and why it...