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
457 plan is a retirement savings account
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...
Read MoreRemembering 9/11: A Nation United in Grief and Resilience
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...
Read MoreHurricane Fun
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...
Read MoreHurricane Fun
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...
Read MoreAvoidable Mistakes in Retirement Saving Over the Last 5 Years
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...
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Schools in Lakewood ranch
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...
Read More🌴 Welcome to Lakewood Ranch Newcomers: Navigating Careers & 401(k)s! 🌴
🌴 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...
Read MoreAre you hungry
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...
Read MoreIRA Rollovers for Terminated Employees
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...
Read MoreSix essential tips to help you effectively save for a comfortable retirement
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...
Read MoreThe best beaches with in 1 hour of Lakewood ranch FL
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...
Read MoreLeaving your old 401(k) unmanaged after leaving your employer is generally not a smart
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...
Read MoreWhats happening in Lakewood Ranch For families this month
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...
Read MoreThe 4th of July is celebrated as Independence
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...
Read MoreUnlock Your Financial Potential with Mundo Financial Services
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...
Read MoreDetermining how much to save each year per child for college and when to start saving
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...
Read More4th of July in Lakewood Ranch in Bradenton FL
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...
Read MoreWhat About Your 401(k)?
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...
Read MoreCollege savings plans, such as 529 plans in the United States
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...
Read MorePrepaid college funds, such as the Florida Prepaid College Plan
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...
Read More529 Savings
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...
Read Morehis Father's Day weekend in Lakewood Ranch, Florida
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...
Read MoreSetting goals and following them
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...
Read MoreInflation and Rising Interest Rates 10 years later in 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...
Read MoreTerm insurance and whole life insurance are two different types of life insurance policies
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,...
Read MoreWhen planning for retirement, many individuals make common mistakes that can have significant long-t
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...
Read MoreWorking with a Behavioral Financial Advisor (BFA) can be a smart choice for several reasons:
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...
Read MoreWhat is a Behavioral Financial Advisor (BFA)
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...
Read MoreWhen you leave an employer, you have several options for what to do with your old 401(k)
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...
Read MoreInvesting in a Systematic Investment Plan (SIP) can be a great choice for several reasons:
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...
Read MoreWhy dollar cost averaging is a smart investment strategy and why it helps retirement savings!
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...
Read MoreWhy should you invest dividends in the growth phase of your investments savings
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...
Read MoreWhat is Compound interest?
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...
Read MoreWhat are the Pros and cons of a 401K match and Profit-sharing plan?
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.
Read MoreWhat I should consider before rolling my 401k to an IRA . Did you know????
What I should consider before rolling my 401k to an IRA as a smart financial move for some individuals, 401(k) plans.
Read MoreHow the Stock markets preformed after the last rate hike environment
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...
Read MoreWhat to consider before opening a 401K plan
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...
Read MoreWhat are the benefits of having a 401K for a new business.
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...
Read MoreWhat does the CPI means and its importance to the Federal reserve.
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...
Read MoreWhy is investing in your 401K is smart
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,...
Read MoreRolling your 401(k) to an Individual Retirement Account (IRA) has several potential advantages:
Rolling your 401(k) to an Individual Retirement Account (IRA) has several potential advantages:
Read MoreFun activities in Lakewood Ranch
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.
Read MoreHere are some of the pros and cons of each: Roth IRA: Pros:
Roth IRA and traditional IRA are both individual retirement accounts with different tax implications. Here are some of the pros and cons of each:
Read MoreThe new Science Education Aquarium project
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.
Read MoreHere's some information on this week's major U.S. economic and earnings reports and Fed speakers:
Here's some information on this week's major U.S. economic and earnings reports and Fed speakers:
Read MoreTop places to eat in Lakewood ranch... Whats yours?
Here are the top 5 places to eat in Lakewood Ranch:
Read MoreFlorida housing market for 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
Read MoreLakewood Rach Fun activities for the weekend
Lakewood Ranch, located in Florida, offers a wide range of activities for a fun weekend. Here are some ideas:
Read MoreRolling over your 401(k) to an Individual Retirement Account (IRA)
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.
Read MoreIRA Roll Over when you retire let go or change companies.
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...
Read MoreThe Junk Drawer Approach to Investing
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...
Read MoreSimple way to save
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...
Read MoreWhat's driving current market behavior?
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...
Read MoreKnow your 401(k) options between jobs
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...
Read MoreKnow your 401(k) options between jobs
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...
Read MoreKnow your 401(k) options between jobs
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...
Read MoreWhat if you missed the five best days?
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...
Read MoreAn Unprecedented Rush to Cash
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%...
Read MoreStart building your portfolio today.
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...
Read MoreHave you been thinking about life insurance?
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...
Read MoreCARES Act: Will There Be a Phase 4?
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...
Read MoreReminder: Tax Day is Tomorrow
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...
Read MoreWishing You a Happy Father’s Day
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...
Read MoreHow Women Can Prepare For Retirement
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...
Read MoreTHE BUSINESS CYCLE
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...
Read MoreUnwrapping the PPP Paycheck Protection Program
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...
Read MoreKnow your 401(k) options between jobs
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...
Read MoreSpring cleaning
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...
Read MoreThe CARES Act and Its Implications
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...
Read More4 REASONS FOR THE RETURN OF MARKET VOLATILITY
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...
Read MoreCountdown to College Freshman Year
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...
Read MoreCountdown to College Sophomore Year
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...
Read MoreCountdown to College Freshman Year
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...
Read MoreCountdown to College Before High School
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...
Read MoreShould you buy/sell bonds and/or look for other investment strategies
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...
Read MoreShould you buy/sell bonds and/or look for other investment strategies
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...
Read MoreHow inflation is good or bad for the real estate market
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%...
Read MoreDo People Have Diversified Portfolios?
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...
Read MoreReal Estate in Your IRA
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...
Read MoreWhy Might I Need Hard Assets? How Do I Add Hard Assets to my IRA?
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...
Read MoreMost Common Mistakes Baby Boomers Make After Retirement IRA 401k Rollovers
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...
Read More5 Common But Costly Mistakes 401(k) Plans make
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...
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