Where are you in your financial journey?

Regardless of where you are today, there is an article in this special edition of our newsletter that can help get you moving in the right direction for tomorrow. Do you have a friend or colleague that could benefit from this newsletter? Feel free to forward and share!
As always, please reach out to your Atlas Private Wealth Management Advisor with any questions or to explore these topics in greater detail.

GETTING STARTED: BEST PRACTICES FOR PAYING DOWN CREDIT CARD DEBT

Early in the financial journey, it can be easy to accumulate more credit card debt than you can pay down. Most of us have been there at some point in our lives. Fortunately, there’s no need to panic. Consider using one of the following strategies to help pay it off.
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BUILDING WEALTH: GROWTH, VALUE, OR BOTH?

The terms growth and value are often used to describe two different investment strategies, yet many investors may want both qualities in an investment. Famed investor Warren Buffett put it this way in a 2015 interview: “I always say if you aren’t investing for value, what are you investing for? And the idea that value and growth are two different things makes no sense…. Growth is part of the value equation.”1
Even so, analysts may look at specific stocks as offering more growth potential than value, and vice versa. These concepts are used to construct many mutual funds and exchange-traded funds (ETFs). It’s helpful to understand these opposing ideas, even if you want the best of both in your portfolio.
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RETIRING SOON: HOW MUCH DO YOU KNOW ABOUT SOCIAL SECURITY BENEFITS?

Social Security is an important source of retirement income for millions of Americans, but how much do you know about this program? Test your knowledge and learn more about your retirement benefits by answering a few questions.
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RECENTLY RETIRED: WHAT’S THE DIFFERENCE BETWEEN A DIRECT AND INDIRECT ROLLOVER?

If you’re eligible to move funds from an employer-sponsored retirement plan (like a 401(k)), you can avoid current taxation by instructing your employer to roll the distribution directly over to another employer plan or IRA. With a direct rollover, you never actually take possession of the funds.
You can also avoid current taxation by actually receiving the distribution from the plan and then rolling it over to another employer plan or IRA within 60 days following receipt. This is called a “60-day” or “indirect” rollover.
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LIVING IN RETIREMENT: WILL VS. TRUST – IS ONE BETTER THAN THE OTHER?

When it comes to planning your estate, you might be wondering whether you should use a will or a trust (or both). Understanding the similarities and the differences between these two important documents may help you decide which strategy is better for you.
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