Monson Wealth Blog

This newsletter will focus on the bill that was signed into federal law on December 20, 2019. This is the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. Below in Blue, you will read complex details taken from Michael Kitces Nerds Eye View Blog on the subject.…

Country music artists are known for telling a story. Let’s have a little fun and go with us as we talk about the market. “If you make the mistake of looking back too much, you aren’t focused enough on the road in front of you.” – Brad Paisley Interestingly enough,…

By now if you’ve planted a garden, you are likely reaping some of what you have sown. At our house, Steph “invested” in some fancy planter boxes, soil, plant starts of ALL SORTS, fertilizer, and dandelions (I’ll let you gardeners determine why that last one is a good idea.) 😉…

In my last letter to you, I mentioned a class I was teaching at church about finances and how the principle of paying yourself first takes discipline, but that is where wealth is built. Now I’d like to share a second principle that is often overlooked. BASIC PRINCIPLE #2: Get…

Recently I had the opportunity to present to the adults in our Church Family about budgeting and investing. I had a co-presenter, a young mom in the ward who has taught classes on budgeting in the past and is very good with her family’s finances. We each were able to…

Last week, we presented you with how and why to freeze your credit. It’s a means to protect your identity from bad actors who have gotten enough of your information to attempt to open accounts in your name. But now, let’s explore how you can help stop these shady characters…

It seems that news of one security breach or another are continually in the news. Recently, we’ve learned that millions of Facebook passwords were compromised, but it’s not the only instance. Other companies with recent security breaches in the news are Microsoft, Earl Enterprises (Buca di Beppo, Earl of Sandwich,…

Look Beyond the Headlines & Focus on What You Can Control This is the fifth and final article of a five-part series that will help you have a better investment experience. This isn’t a deep-dive into investing or the markets, but rather some basic concepts that investors often lose sight…

Avoid Market Timing & Manage Your Emotions This is the fourth of a five-part series that will help you have a better investment experience. This isn’t a deep-dive into investing or the markets, but rather some basic concepts that investors often lose sight of. Avoid Market Timing Even with a…

Consider the Drivers of Returns & Practice Smart Diversification March 2019 This is the third of a five-part series that will help you have a better investment experience. This isn’t a deep-dive into investing or the markets, but rather some basic concepts that investors often lose sight of. Consider the…