Richelle Hofer 
Over the course of my career as a financial advisor, I’ve discovered a lot of misconceptions (or “myths”) in the financial industry. One of the greatest, and perhaps most common myths is the belief that people with large portfolios have an innate understanding of the ins and outs of the financial world. A meeting with … Read more
Last week we published our recap of the year 2023. This week we want to share with you our 2024 Economic Outlook. If you’re a regular reader of our newsletter, you know that we believe “projections” are not a science and, to be frank, have proven to be, well… pretty much worthless practically speaking. Nonetheless, … Read more
We are excited to bring you our market recap for 2023! We know that some of you might already be tempted to hit the “back” button on this blog because you’re thinking “market update? Boring!” But wait! At Impact Wealth Management, we go out of our way to make sure that you understand the things … Read more
Strategies for Securing A Raise and Advancing Your Career For many people, the new year signals a compensation review with their employer. Compensation reviews can be intimidating and often dreaded, but they are obviously extremely important. Securing a raise not only affects your immediate budget and spending power, but it also impacts your future retirement. … Read more
Growing up, my favorite family tradition happened every year on Christmas Eve at my Grandma Helen’s house. My grandma embodied Christmas to me. And then it all changed. Christmas was ruined. Christmas at Grandma’s House Each year on Christmas Eve around 5:00 p.m. the family started gathering at Grandma’s house. Almost nothing kept us away … Read more
Two of the best Christmases I ever had started out with the feeling that Christmas was ruined. Sometimes life is crazy. Things rarely go as planned. We roll up to the Christmas season with great expectations and often feel disappointed and defeated when curveballs threaten our plans. I think about “expectations” a lot. Sometimes I … Read more
Uncovering Holiday Scams The holiday season is upon us, and while it’s a time for joy and giving, it is unfortunately also a great season for those who want to take advantage of others. Last Christmas I was the victim of identity theft myself, and while I identified it almost immediately, it still wasn’t easy … Read more
When the stock market takes a dip, it’s easy to feel uncertain and anxious about your investments. While financial advisors often tell investors that this is the time to do nothing, there are actually some things you really SHOULD be doing to make the most of this situation. Consider a Roth Conversion A Roth conversion … Read more
Have you discussed a strategy for converting the funds in your IRA to a Roth IRA with your financial advisor? If you haven’t, you should. Roth conversions are NOT for everyone, but a well thought out tax plan is an important component to a comprehensive retirement plan. If your financial advisor is not engaging you … Read more
As a savvy investor, you need to understand what fees you are paying your advisor and exactly what you’re receiving for that fee to avoid overpaying. But it can be extremely difficult to “decode” your investment fees. Types of Investment Management Fees Commission based advisors are almost a thing of the past so most financial … Read more