Satori Wealth Management, Inc.

"There aren’t many iron laws of money. But here’s one, and perhaps the most important: If expectations grow faster than income you’ll never be happy with your money. One of the most important financial skills is getting the goalpost to stop moving. It’s also one of the hardest." To ensure that your retirement is as fulfilling as possible, it's crucial to take some time to reflect on what that means to you. Creating a framework for your life in retirement is just as important as financially planning for it. https://www.collaborativefund.com/blog/goalpost/

The number of Baby Boomers that retired from 2019 to 2020 was 3.2million, more than any in the last decade! In our blog this month, we talk about the pandemic impact along with other factors that are driving Baby Boomers to retire earlier than expected. We cover: 1. Why Covid is Making Boomers Rethink their Retirement Date... 2. Why Many Late Boomers are Unprepared for Retirement and Aging 3. How Many Baby Boomers are Overconfident About Their Retirement Date 4. The Conversations that Baby Boomer Couples Need to Have Before Retiring 5. Replacing Your Paycheck After Retirement #retirementplanning #retirement #babyboomers #financialplanning #financialadviser #certifiedfinancialplanner https://satoriwealth.com/baby-boomers-will-retire-sooner-/

Should you make a Traditional or Roth IRA Contribution? The tax filing deadline has been extended to May 17th along with the deadline to make a 2020 contribution to a Traditional or Roth IRA. A common question is which type of IRA should you contribute to? Here is a handy little decision tree to help you choose the right account for you.... Only 10 days left! #taxes #financialplanning #iras #rothira #contributions #certifiedfinancialplanner #feeonly #retirementplanning #retirement

Are you planning on retiring soon? The key to maximizing retirement income is having a well-thought-out tax plan. So where do you start? In our blog post this month, we cover Retirement Tax Planning - The 6 things you MUST know. 1. Know how much income is needed... 2. How taxes are calculated 3. Withdrawals from Retirement Accounts 4. Will your social security benefits will be taxed 5. Retirement tax planning strategies 6. Invest tax-efficiently We'll walk you through everything you need to do step-by-step. #retirement #financialplanning #retirementplanning #taxplanning #certifiedfinancialplanner #financialadviser https://satoriwealth.com/retirement-tax-planning-six-thing/

We are honored to be selected as one of the top 24 financial advisors in #SanDiego by Expertise.com. Their study ranked advisors based on availability, qualifications, reputation, experience, and professionalism. Congratulations to our fellow colleagues who were selected and of course our clients for entrusting us as their financial guides. We love being in your corner through every major decision and are truly grateful for the opportunity to make a positive impact on people...'s lives. #financialadviser #financialadvice #retirement #retirementplanning #certifiedfinancialplanner #financialplanning #sandiegobusiness https://www.expertise.com/ca/san-diego/financial-advisors

Are you planning on retiring soon? There has been a multitude of changes in retirement planning rules for 2021. There are also plenty of tax planning opportunities for the 2020 tax year still! Changes to retirement plans such as IRAs and 401ks may be substantial to many taxpayers. Especially those with large tax-favored retirement balances.... Many of the changes will impact your wealth transfer strategy. Especially with the death of the Stretch IRA! Read more in our latest blog post. #retirement #retirementplanning #financialplanning #certifiedfinancialplanner #rmds #stretchira #financialadviser https://satoriwealth.com/how-the-secure-act-changes-retire/

2020 was quite a year for all of us. The same can be said for stock markets around the world - it was a roller coaster of volatility. Have changes in your portfolio made you rethink your retirement? While market performance fluctuates, having the right investment strategy ensures your life goals don't fluctuate with it. In our 4th quarter market commentary, we revisit some key principles of long-term investing as we review one of the most memorable years of the modern century. https://mailchi.mp/satoriwealth/quarterly-market-commentary

It's been just over 3 years since I started my own firm, Satori Wealth Management, Inc. What an amazing journey it's been filled with personal and professional growth. It's had a profound impact on me as a person. But more importantly, it's allowed me to help my clients in ways that go beyond financial planning - to truly help people live better lives. I hope my story inspires other entrepreneurs in my profession and the #sandiego community. ... #certifiedfinancialplanner #financialadviser #financialplanning #retirementplanning http://sdvoyager.com//exploring-life-business-danny-micha/

Are we in a new normal as far as the stock market is concerned? Wes Crill, PhD, a Senior Researcher at Dimensional, examined trends that have some investors believing markets have entered a new normal. In many cases, he explains, these changes are just variations on the past, and following well-grounded principles can position investors for a successful experience as markets and economies evolve.... #financialplanning #retirementplanning #financialadviser #certifiedfinancialplanner #financialadvice #retirement https://www.dimensional.com/us-en/insights/whats-old-is-new

Millions of Americans save a big chunk of their income on a regular basis into their retirement accounts. Everyone tells us that saving into IRA's, Roth's, and 401k's is beneficial. But what makes these accounts so great and which accounts should you be saving to? Let us explain...... #retirement #financialplanning #retirementplanning #financialadviser #401kplan #iras #rothira #roth401k #savingforretirement https://satoriwealth.com/saving-for-retirement/

The U.S. tax system can be confusing, to say the least. While taxpayers have some familiarity with income and property taxes, there are a number of other types of tax that we pay. Only by understanding your overall tax liability can you do a good job of reducing your tax bill - now and in the future. #taxes #taxlaws #financialplanning #retirementplanning #retirement #financialadviser ... https://satoriwealth.com/a-guide-to-us-taxes/

Taxes are typically your biggest cost and obstacle to overcome in retirement. The reason is that you control a lot of your income in retirement. Understanding our complex tax code is difficult enough. But then you have to make decisions around social security and which accounts to draw from. When does Social Security income become taxable? Are you accounting for RMD's in your income plan? ... A good tax-efficient retirement plan can provide huge savings in taxes allowing you to have more income to spend in retirement. Don't pay more tax than you have to. #retirementplanning #CertifiedFinancialPlanner #retirement #lowertaxes https://www.forbes.com//what-you-need-to-know-about-taxe/

Everyone wants the option to retire as early as possible. The key to doing so is saving early and often. But as retirement approaches, you want to ensure you have a plan to maximize your income as much as possible. In this month's blog, we discuss some of the most important decisions you need to make to optimize your retirement income. #retirement #retirementplanning #financialplanning #financialadviser #certifiedfinancialplanner ... https://satoriwealth.com/maximizing-your-retirement-income/

How do you plan your retirement when your spouse isn't quite ready yet? Your primary obstacles to retirement aren't typically financial. Rather, it's about understanding what each spouse's ideal retirement looks like and then merging these two visions together. Once the path to your ideal retirement is better defined, you can align your financial decisions with your goals in life.... Thank you to MarketWatch for the opportunity to contribute to this article. #Retirement #retirementplanning #FinancialPlanning #CertifiedFinancialPlanner https://www.marketwatch.com//when-you-want-to-retire-but-y

Trust. It's the common denominator of any successful relationship. In choosing a financial advisor, trust is formed when you know that they have your best interests at heart. Only then will you be able to truly value their advice. It was a pleasure to share my insight on what builds trust with clients with Investor's Business Daily. #financialadvice #financialplanning #financialadviser #certifiedfinancialplanner... https://www.investors.com//build-trust-with-clients-throu/

In our monthly blog, we write about 401k rollovers. While they seem simple, there are benefits, drawbacks and some big mistakes to avoid. https://satoriwealth.com/a-guide-to-rolling-over-your-401k/

I've posted a few different times about how the CARES Act (the stimulus passed a few months ago) has provided more penalty-free access from retirement accounts. However, there are still many factors to consider prior to taking a withdrawal. As with most retirement and taxation rules, the code is extremely complicated. Make sure to consult your financial advisor and ensure that he/she is familiar with all consequences of taking a distribution prior to doing so.... https://www.forbes.com//coronavirus-401k-blunders--finan/

As many of us have experienced this year, timing the markets is impossible. Wall Street traders, economic experts, CEO's, you name it - no one can predict the future. When you are approaching retirement or already in retirement, this becomes even more important because you simply don't have the time to recover from making major mistakes. Our partners at Dimensional Fund Advisors share some great insight into the risks of market timing and why it's more important to have the ...right long-term investment strategy structured around your retirement needs. Make decisions predicated on academic research, not emotional reactions. https://www.mydimensional.com//the-difficulty-of-timing-th

Our quarterly commentary is now available where we address the biggest questions on investor's minds this last quarter: "How will the upcoming presidential election impact the market and investor portfolios?" https://mailchi.mp/satori/quarterly-market-summary-12522008

With so many nonprofits relying largely on donations, the Covid-19 pandemic has made it extremely difficult for these organizations to continue doing their phenomenal work for our San Diego Community. But did you know that you can help make a positive impact AND SAVE MONEY ON TAXES? In my monthly blog, I cover a number of tax-saving strategies by donating to charities and cover what's new in 2020.#charitablegiving #leadsandiego #leadimpact #taxadvice https://satoriwealth.com.../help-a-local-charity-and-reduce-y/ zero8hundred Ilan-Lael Foundation Second Chance MANA de San Diego Kim Center for Social Balance University of San Diego East Region Adult Education San Ysidro Health

If you are a San Diego small business owner or nonprofit and you have been impacted by Covid-19, you may be eligible for a stimulus grant. You can apply directly at the link below. #sandiegobusiness #stimulus https://www.sandiegocounty.gov/stimulusgrant/

Your relationship with money is EVERYTHING. It's shaped as early as childhood and affects most of your decisions and relationships in life. Thank you to Emile Hallez at InvestmentNews for allowing me to contribute to this very timely article. #financialplanning #retirementplanning #retirement http://digitaledition.investmentnews.com/publication/

The economic uncertainty caused by the Coronavirus pandemic has affected almost all of us in some way. The added stress can cause us to be emotional or irrational when making financial decisions. In my monthly blog, I lay out the most crucial steps that you should take in finding the BEST financial advisor for you. #financialplanning #financialadvisor #retirementplanning https://satoriwealth.com/how-to-find-the-best-financial-ad/

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act, which changes some of the terms of your Paycheck Protection Program (PPP) loan. The purpose of this legislation is to give borrowers more time to spend PPP loan proceeds and to facilitate eligibility for loan forgiveness. Changes to the terms of your PPP loan include: Reducing the minimum requirement for the use of proceeds for payroll expenses from 75% to 60%. Increasing the t...ime you have to use your PPP loan proceeds from eight weeks to 24 weeks. Extending the deadline to rehire employees to pre-pandemic levels from June 30, 2020, to December 31, 2020, and incorporating additional new exemptions to the requirement to rehire certain employees. Extending the loan repayment deferral period from six months to ten months. Deferring payment of employer payroll taxes. https://www.forbes.com//trump-signs-new-law-relaxing-ppp/