Blog

As a New member of the Lakewood Ranch FL community, I see more individuals having questions about their retirement and investment portfolio. With the ever changing investment landscape; Mundo Financial Services is offering some educational blogs on the pressing topics that Transplants to Florida, Baby Boomer's and individual investors may have about rising interest rates, inflation and common mistakes made with 401(k) plans and IRA rollover’s. #investing #retirement #401k #finance #insurance #MundoFinancialServices 

Monday, February 12, 2024

I Training to be an athlete and investing share several fundamental principles despite their apparent differences. Both endeavors require dedication, discipline, and a long-term perspective to achieve success. Here’s a...

Friday, February 9, 2024

Understanding Behavioral Financial Advisors (BFAs) and Michael Mundo's Excellence in the Field Introduction: Behavioral Financial Advisors (BFAs) play a crucial role in the realm of financial planning, utilizing a unique approach that...

Wednesday, February 7, 2024

The performance of the stock market during a presidential election year can be influenced by various factors, including economic conditions, geopolitical events, and policy changes. It's important to note that past performance is not...

Wednesday, January 31, 2024

Following a conversation with a new potential client, a certain questions arose that I believe might be common among others. Therefore, I decided to create a brief blog post after consulting with my resources. While I may not have...

Wednesday, January 31, 2024

Determining the cost basis of stock received as a gift involves understanding the rules set by the Internal Revenue Service (IRS) in the United States. The cost basis is crucial for calculating capital gains or losses when you sell the...

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Friday, January 26, 2024

Starting in 2024, you can roll unused 529 assets—up to a lifetime limit of $35,000—into the account beneficiary's Roth IRA, without incurring the usual 10% penalty for nonqualified withdrawals or generating any taxable...

Wednesday, January 24, 2024

A 529 plan is a tax-advantaged savings plan designed to help individuals and families save for qualified education expenses. Named after Section 529 of the Internal Revenue Code, these plans offer several benefits and can be a valuable...

Tuesday, January 23, 2024

“We have a strategic plan. It’s called doing things.”-Herb Kelleher, Co-founder of Southwest Airlines

Monday, January 22, 2024

529 Plans: These are tax-advantaged savings plans designed to encourage saving for future education costs. They are operated by states and can be used for qualified higher education expenses. Coverdell Education Savings Account (ESA):...

Saturday, January 20, 2024

A 529 account, designed to facilitate education savings, proves to be a valuable addition to a financial plan for a child's education. However, uncertainties may arise regarding the use of the funds, especially if the intended...

Saturday, January 20, 2024

Nobody cares how much you know, until they know how much you care. Theodore Roosevelt #mundofinancialservices  #401k #investments #retirementplanning  #IRARollover #Retierment #Lakewoodranch...

Friday, January 19, 2024

Pros of a Roth 401(k): Tax-Free Withdrawals in Retirement: One of the most significant advantages of a Roth 401(k) is that qualified withdrawals in retirement are tax-free. This can be highly beneficial in managing your tax liabilities...

Thursday, January 18, 2024

Pros of Converting Your IRA to a Roth IRA: Tax-Free Withdrawals in Retirement: Roth IRAs offer tax-free withdrawals in retirement, providing a source of income that is not subject to federal income tax. No Required Minimum...

Monday, January 15, 2024

Pros of Moving Your Old 401(k) to a Rollover IRA in 2024: Consolidation of Accounts: Rolling over your old 401(k) to a Rollover IRA streamlines your retirement accounts, making it easier to manage and track your investments. Expanded...

Friday, January 12, 2024

In 2024, understanding the contribution limits for Individual Retirement Accounts (IRAs) and retirement plans is crucial for effective retirement planning. These limits dictate the maximum amount individuals can contribute to these...

Friday, January 12, 2024

As we all know mistakes happened, its not the mistake that matters it’s how you handle what comes next. I recently posted about the 2024 contribution limits and I mistakenly used last years when comparing the two. Please see the...

Tuesday, January 9, 2024

Investing in your Individual Retirement Account (IRA) and 401(k) at the start of the new year is a prudent financial move that can have long-lasting benefits for your future. As we embark on the journey of 2024, there are compelling...

Friday, December 29, 2023

As we bid farewell to the passing year, I want to extend my heartfelt wishes for a joyous and prosperous New Year to you and your loved ones. May the upcoming year be filled with an abundance of happiness, good health, and the...

Monday, December 18, 2023

Maxing out your 401(k) is a strategic and prudent investment decision that offers a multitude of financial benefits, creating a solid foundation for a secure future. The 401(k) plan, a tax-advantaged retirement savings account, allows...

Monday, November 20, 2023

In 2023, Thanksgiving continues to hold profound significance as a time-honored tradition that transcends its historical origins. While the holiday traces its roots to the Pilgrims' celebration of a bountiful harvest with Native...

Monday, October 30, 2023

Continuing to contribute to your 401(k) during bad markets might seem counterintuitive, but it makes sense when viewed through the lens of long-term financial planning and investment strategies. The decision to continue investing in...

Tuesday, October 24, 2023

Funding your 401(k) is a crucial step towards securing a financially stable future. As the year-end approaches, it's an opportune time to assess your contributions and make strategic decisions to optimize your retirement savings....

Monday, October 2, 2023

Compounding interest is a powerful financial concept that can significantly impact your retirement savings. At its core, compounding interest means that not only do you earn interest on your initial investment, but you also earn...

Monday, September 18, 2023

A 457 plan is a retirement savings account offered by certain employers, typically government entities and certain non-profit organizations, to help employees save for retirement. Named after the section of the Internal Revenue Code...

Sunday, September 10, 2023

On September 11, 2001, the United States experienced a tragedy that would forever alter the course of its history. The terrorist attacks of 9/11 were a series of coordinated strikes by the extremist group Al-Qaeda, aimed at the heart...

Tuesday, August 29, 2023

During a hurricane, staying safe and prepared is paramount. However, if you find yourself indoors with downtime, here are some fun and productive activities to consider: Board Games and Puzzles: Engage in classic board games or...

Tuesday, August 29, 2023

During a hurricane, staying safe and prepared is paramount. However, if you find yourself indoors with downtime, here are some fun and productive activities to consider: Board Games and Puzzles: Engage in classic board games or...

Thursday, August 24, 2023

Over the past five years, several recurring mistakes have emerged when it comes to saving for retirement. Recognizing and addressing these pitfalls is crucial to ensuring a secure and comfortable retirement. One significant mistake is...

Friday, August 18, 2023

Lakewood Ranch, a vibrant community located in Sarasota and Manatee counties in Florida, boasts a diverse range of educational institutions that cater to the needs of its residents. The schools in Lakewood Ranch are known for their...

Monday, August 14, 2023

🌴 Welcome to Lakewood Ranch Newcomers: Navigating Careers & 401(k)s! 🌴 Congratulations on your exciting journey to Lakewood Ranch! Whether you've recently relocated for a new job opportunity, or you're embarking on a...

Friday, August 11, 2023

Here are some highly regarded restaurants in and around Lakewood Ranch, FL. Keep in mind that the restaurant scene can change, so it's a good idea to check recent reviews and ratings before making a decision. Sarasota Polo at Lakewood...

Monday, July 31, 2023

Inflation is a critical factor that erodes the value of money over time, leading to a decrease in purchasing power. This phenomenon contributes to the rising costs of goods and services, including those at the gas pump, grocery store,...

Monday, July 31, 2023

Have you been let go at work? What happens to the money you have saved in your employee retirement plan?If you have been terminated by your employer, you have 4 choices when it comes to your retirement plan money:Cash it out (and lose...

Saturday, July 29, 2023

Saving for retirement is a crucial financial goal that requires careful planning and discipline. Here are six essential tips to help you effectively save for a comfortable retirement:Start Early: Time is one of the most powerful...

Thursday, July 27, 2023

Lakewood Ranch, Florida, is conveniently located near several beautiful beaches on the Gulf Coast. Within a one-hour drive, you can access some of the best beaches in the area. Here are a few popular options:Siesta Key Beach: Located...

Tuesday, July 25, 2023

Relocating to Lakewood Ranch, FL, and changing jobs can offer an exciting opportunity for a fresh start and an improved quality of life. Lakewood Ranch's attractive amenities, such as excellent schools, recreational activities, and a...

Tuesday, July 18, 2023

Lakewood Ranch, a vibrant community known for its family-friendly atmosphere, is bustling with exciting events and activities this month, catering to families of all ages and interests. July in Lakewood Ranch promises a diverse range...

Monday, July 3, 2023

The 4th of July is celebrated as Independence Day in the United States. It commemorates the adoption of the Declaration of Independence on July 4, 1776, when the original thirteen American colonies declared their independence from...

Friday, June 30, 2023

Unlock Your Financial Potential with Mundo Financial Services: IRA Rollovers, 401k Plans, 529 Plans, Retirement Planning, Real Estate, and Positive Thinking!At Mundo Financial Services, we believe in empowering individuals to take...

Thursday, June 29, 2023

Determining how much to save each year per child for college and when to start saving depends on several factors, including the anticipated cost of college, your financial situation, and your savings goals. While there is no...

Thursday, June 29, 2023

Lakewood Ranch in Bradenton, FL, is a vibrant community known for its events and celebrations, and the 4th of July is no exception. As Independence Day approaches, residents and visitors can look forward to a variety of festivities...

Tuesday, June 27, 2023

Moving to a new state can be an exciting adventure, but it also comes with a list of financial considerations. One important aspect to address is the management of your retirement savings, particularly if you have a 401(k) plan from a...

Monday, June 26, 2023

College savings plans, such as 529 plans in the United States, offer numerous advantages and disadvantages when it comes to saving for higher education expenses. Below are the key pros and cons of a college savings plan:Pros:Tax...

Monday, June 26, 2023

Prepaid college funds, such as the Florida Prepaid College Plan, provide a unique approach to saving for higher education. Here are the pros and cons of a prepaid college fund in Florida:Pros:Locked-In Tuition Rates: One significant...

Thursday, June 22, 2023

Keep your eye out for this weeks Blog on 529 and Prepaid College savings! #mundofinancialservices#401kPlan#529#529plan#College#401k#investments#retirementplanning #IRARollover#Retierment#Lakewoodranch...

Friday, June 16, 2023

This Father's Day weekend in Lakewood Ranch, Florida, there are several enjoyable activities you can engage in to celebrate and spend quality time with your father. Whether you're looking for outdoor adventures or relaxing indoor...

Friday, June 9, 2023

Setting goals and following them, whether they are small or large, is crucial for personal and professional growth. Goals provide direction, purpose, and motivation, serving as a roadmap to success. Here's why it's important to set...

Monday, June 5, 2023

In comparing the economic landscape of 2013, marked by inflation and rising interest rates, with the current situation in 2023, it is important to consider the key factors influencing both periods and the potential implications for...

Monday, June 5, 2023

Some people perceive the number "one" as a lonely figure, but I view it as a remarkably powerful number. Everything begins with one: one idea, one goal, one failure, or one accomplishment. Sometimes in life, we need to slow down and...

Friday, June 2, 2023

Term insurance and whole life insurance are two different types of life insurance policies with distinct features. Here are the key differences between them:Coverage Duration: Term insurance provides coverage for a specific period,...

Wednesday, May 31, 2023

Procrastination: One of the biggest mistakes is delaying retirement planning. Starting early allows more time to save and take advantage of compound interest. Waiting until later in life can result in a smaller retirement nest egg...

Sunday, May 28, 2023

Understanding of Behavioral Biases: BFAs have a deep understanding of behavioral biases that can influence financial decision-making. They are trained to recognize and address these biases, helping clients make more rational and...

Friday, May 26, 2023

A Behavioral Financial Advisor (BFA) is a professional who combines the principles of behavioral finance with traditional financial planning to help clients make better financial decisions. Behavioral finance recognizes that human...

Wednesday, May 24, 2023

Leave it with your former employer: Some employers allow you to leave your 401(k) with them even after you've left the company. This option may be suitable if you're satisfied with the investment options and fees associated with the...

Monday, May 22, 2023

Disciplined approach: SIP encourages a disciplined approach to investing by allowing you to invest a fixed amount regularly. This helps you avoid impulsive investment decisions and promotes long-term wealth creation.Rupee cost...

Friday, May 19, 2023

Dollar-cost averaging (DCA) is a smart  investment strategy that involves consistently investing a fixed amount of money into a particular investment at regular intervals, regardless of the asset's price. It is a method commonly...

Friday, May 19, 2023

Investing dividends in the growth phase of your investment savings can be a smart strategy for several reasons. Firstly, reinvesting dividends allows for the compounding effect to take place. By reinvesting the dividends, you increase...

Wednesday, May 17, 2023

What is Compound interestCompound interest is a powerful financial concept that allows money to grow exponentially over time. It refers to the process of earning interest on both the initial principal and the accumulated interest...

Thursday, May 11, 2023

401(k) match and profit-sharing plans are two common retirement benefits offered by employers. Both plans provide benefits to employees, but they operate differently and have distinct advantages and disadvantages.

Wednesday, May 10, 2023

What I should consider before rolling my 401k to an IRA as a smart financial move for some individuals, 401(k) plans.

Wednesday, May 10, 2023

The stock market's performance after a rate hike environment can vary depending on various factors such as the level of the rate hike, the overall economic conditions, and the market sentiment. Here is an overview of how the stock...

Wednesday, May 10, 2023

Opening a 401(k) plan can be a valuable benefit for both employers and employees, but there are several things to consider before implementing one. Here are five key things to keep in mind:Understand the costs: 401(k) plans can have a...

Tuesday, May 9, 2023

A 401(k) retirement plan is a valuable benefit that can be offered by employers to their employees. It is a type of defined contribution plan that allows employees to save a portion of their salary for retirement. As a new business...

Tuesday, May 9, 2023

Tomorrow at 8:30 we will get the latest CPI numbers.The Consumer Price Index (CPI) is a commonly used measure of inflation that tracks changes in the prices of a basket of goods and services that consumers typically purchase. It is...

Monday, May 8, 2023

Investing in a 401(k) retirement account can be a smart move for several reasons. Firstly, it allows individuals to save for their retirement in a tax-advantaged way. Contributions to a 401(k) account are made with pre-tax dollars,...

Friday, May 5, 2023

Rolling your 401(k) to an Individual Retirement Account (IRA) has several potential advantages:

Tuesday, May 2, 2023

Lakewood Ranch has plenty of fun activities to offer. Whether you enjoy outdoor activities, shopping, dining, or relaxation, there is something for everyone in this vibrant community. 

Monday, May 1, 2023

Roth IRA and traditional IRA are both individual retirement accounts with different tax implications. Here are some of the pros and cons of each:

Thursday, April 27, 2023

The new Science Education Aquarium project adjacent to Nathan Benderson Park has begun vertical construction on the three-story, 110,000-square-foot building. The facility will feature an impressive Gulf of Mexico exhibition tank.

Monday, April 24, 2023

Here's some information on this week's major U.S. economic and earnings reports and Fed speakers:

Friday, April 21, 2023

Here are the top 5 places to eat in Lakewood Ranch:

Sunday, April 16, 2023

Florida housing market has been experiencing strong demand, with low inventory levels leading to increased competition and higher home prices. This trend is expected to continue into 2023

Friday, April 14, 2023

Lakewood Ranch, located in Florida, offers a wide range of activities for a fun weekend. Here are some ideas:

Tuesday, April 11, 2023

In conclusion, rolling over your 401(k) to an IRA can provide you with greater investment options, lower fees, more control over your investments, simplified management, and flexibility in retirement.

Wednesday, November 25, 2020

What to do with your IRA Roll Over when you retire let go or change companies. You’ve taken an important step in building for your future by contributing to your workplace savings plan. But did you know that the money in your...

Tuesday, August 18, 2020

Does your investment portfolio resemble a junk drawer — a little of this and a little of that, with no real rhyme or reason? Time to take a look at the big picture. #finance #Investing #401k #Retirement #Connecticut...

Wednesday, August 5, 2020

Simple way to save In only a few minutes, you’ll be invested in a diversified portfolio, based on your objectives, and on your way to long-term saving and investing. All online, simple, and seamless. 5-10 Min and your on your...

Wednesday, July 29, 2020

In the era of COVID-19, and the financial woes it has created, I often get asked, “Why is the stock market holding up so well when the economy appears to be struggling?”To understand why the markets react — or...

Monday, July 27, 2020

Few life events are more stressful than a job loss.If you or someone you know is in this situation due to COVID-19, you’ll likely have several questions about job hunting, unemployment insurance, and health care. You may also be...

Monday, July 27, 2020

Few life events are more stressful than a job loss.If you or someone you know is in this situation due to COVID-19, you’ll likely have several questions about job hunting, unemployment insurance, and health care. You may also be...

Monday, July 27, 2020

Few life events are more stressful than a job loss.If you or someone you know is in this situation due to COVID-19, you’ll likely have several questions about job hunting, unemployment insurance, and health care. You may also be...

Friday, July 24, 2020

Hindsight is 20/20. It’s only human to imagine what it might have been like to turn left instead of right on some fateful day. However, that sort of daydreaming is unhelpful when investing, especially when it leads you to try...

Wednesday, July 22, 2020

As Americans adjust their spending habits in a rapidly changing economy, they are building cash reserves at an unprecedented rate.The Bureau of Economic Analysis reported on May 29th that the personal savings rate hit a historic 33%...

Wednesday, July 22, 2020

Start building your portfolio today. If you have a small IRA or just looking to start your investment savings check out the Low cost Simple way to save with $ymbil Call me for more information 860-783-5553 https://symbil...

Sunday, July 19, 2020

In our uncertain climate, it’s unsurprising that when American investors are thinking about their financial strategy, that the topic of life insurance comes up.For some, it’s always been front of mind. For younger...

Saturday, July 18, 2020

With the economy and financial markets flashing mixed signals, it’s no wonder that lawmakers are deadlocked on whether to pass a Phase 4 of the CARES Act.More than $3 trillion in stimulus has been pushed into the economy since...

Thursday, July 16, 2020

This year has had no shortage of changes to the normal course of business.In March, the Treasury Department and the Internal Revenue Service announced that they extended the federal income tax filing and payment deadline until July 15...

Sunday, June 21, 2020

Let’s hear it for the dads, the ones who help us grow, give us guidance, and look out for us in a million different ways. In celebration of Father’s Day, here are some of the ways you can honor the father-figures in your...

Thursday, May 28, 2020

When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today’s average 65-year-old woman will live to...

Tuesday, May 19, 2020

How will you weather the ups and downs of the business cycle? Here is a fast 2 min Video on business cycles we may see over our life time. https://www.mundofs...

Monday, May 11, 2020

American lawmakers have passed the Paycheck Protection Program and Health Care Enhancement Act, a program that will offer small business loans to employers in need of aid as a result of the COVID-19 pandemic.1,2 The bill is a $484...

Tuesday, May 5, 2020

Few life events are more stressful than a job loss.If you or someone you know is in this situation due to COVID-19, you’ll likely have several questions about job hunting, unemployment insurance, and health care. You may also be...

Tuesday, April 28, 2020

Did you know that the origins of spring cleaning date from when fireplaces heated homes? Through the fall and winter, soot would build up throughout the house, and when the weather warmed, a little clean up was required. “Spring...

Thursday, April 9, 2020

Category: Financial Planning Author: Austin Jarvis, JD, MBA Information is key in these unprecedented times I hope this help or can help someone you know. Within three months of the passage of SECURE Act—a law intended to provide...

Thursday, May 10, 2018

Until early 2018, stocks were enjoying their longest period without a five percent pullback in nearly 90 years.1,2 But in early February, that calm came to a sudden and decisive end, as the Standard & Poor’s 500 Index fell more...

Thursday, August 29, 2013

We have 2 days in the books here in south Windsor. Its still not to late to, consider meeting with your child’s guidance counselor. Discuss college goals and make sure your child is enrolled in classes that are structured to help him...

Wednesday, August 28, 2013

During their sophomore year, some students may have the opportunity to take a practice SAT. The practice test is a good way to give your child an idea of what the test entails and which areas need improvement. If your child is enrolled...

Tuesday, August 27, 2013

Countdown to College Freshman YearSouth Windsor School are ranked 31st in Connecticut and 1,373 out of 21,035 nationally (1). South Windsor students may have a head start but not at the finish line yet. A few tips to help your kids get...

Tuesday, August 27, 2013

Its a big day; first day of school for many kids in south Windsor and all around Connecticut. Today both my kids start school one for the first time in the South Windsor Pop program as a mentor and the other as a first grader. Feel...

Friday, August 23, 2013

South Windsor has a large retirement population and may on fixed incomes. You hear in the news everyday about raising interstates, so what does that mean for you? Around South Windsor, Glastonbury and all over Hartford we are all...

Tuesday, August 6, 2013

South Windsor has a large retirement population and many on fixed incomes. You hear in the news everyday about raising interest rates, so what does that mean? As inflation and interest rates rise, bond prices could fall. There are...

Wednesday, July 31, 2013

Look around South Windsor and around the country , you will see home selling and selling faster than in the past. Prices are starting to rise as well. Let’s talk about Normal inflation, or the Federal Reserve’s target of around 2%...

Tuesday, February 12, 2013

When working with people here in South Windsor and Hartford County, we find that they have some understanding of diversification. But generally, most don’t fully understand the concept. Some confuse diversification with asset...

Tuesday, February 12, 2013

It may be South Windsor, Hartford, West Hartford, Ellington or even Long island, but today’s Real estate market some may say it’s a great time, good time or bad time to buy real estate. But most of the people I’ve asked; if you had...

Wednesday, January 30, 2013

Why Might I Need Hard Assets? How Do I Add Hard Assets to my IRA? Hard assets represent things that can be touched and that have concrete values. Hard assets can also be referred to as real assets because they are physical in nature...

Monday, January 21, 2013

Retirement planning does not stop at the point of retirement. Retirees must have a plan post-retirement that reflects their investment preferences, situation, and risks. Mistakes can be made during the working years but also during the...

Tuesday, January 15, 2013

401(k) Plans: 5 Common But Costly MistakesStudies have revealed that Americans are mostly ill-equipped to face the challenges posed by retirement. IRS section 401(k) plans have become the most popular among all retirement plans in the...