Broker Check
Logo

900 Lake Avenue
Gothenburg, NE 69138
(308) 537-7577 
(888) 537-7181

WEEKLY MARKET COMMENTARY

What to Do with a Work Windfall

If you recently received a bonus from your employer, or expect one soon, it’s time to create a thoughtful plan for how you’ll use it. Everyone’s situation is different, but here are some smart ways to save or spend your extra income. 

Indulge a little. Ward off frugal fatigue with a controlled splurge on something not typically in your budget. You might use 10 to 25 percent of your bonus to reward your hard work with something fun. 

Invest in yourself. Perhaps you’d like to take a class to improve your skills, attend a business conference, purchase exercise equipment or a gym membership, or hire a professional or health coach. 

Invest in an outside retirement savings account. You can still count contributions to a traditional or Roth IRA toward 2018 if you make them by this year’s tax deadline. To contribute the maximum amount ($5,500 under 50, $6,500 if 50 or older) to a Roth for 2018, you must have a modified adjusted gross income below $120,000 if you are single or $189,000 if you’re married and file jointly. But even if your income is too high for a Roth, you can contribute post-tax dollars to a traditional IRA, where they will grow tax-free. 

Qualify for free checking. While free checking accounts are becoming rather rare, many banks waive fees with a minimum balance requirement. Using a chunk of your bonus to earn free checking may save you more than you’ll earn in a typical savings account.

 Rebalance your portfolio. If investment gains or losses have thrown off your portfolio’s original allocation to different types of assets, you may want to rebalance. Or you may choose to alter proportions of various classes because your goals or situation have changed. Instead of selling holdings at a potentially inopportune time, you can introduce new money in areas you wish to expand. 

Share the wealth. Researchers say people who donate bonus money to charity or spend it on others report greater happiness than those who spend it on themselves.* 

We’re here to help you reap the rewards of your success and build a brighter tomorrow. Call our office to schedule time to discuss what you want to accomplish in 2019 and beyond. *https://psychology.unl.edu/can-money-buy-happiness

  



Securities offered through Securities America, Inc.  Member FINRA/SIPC Nathan Wyatt and Will Rahjes, Registered Representative.  Advisory Services offered through Securities America Advisors, Inc.  Nathan Wyatt and Will Rahjes, Investment Advisor Representative.  Investment Service Center, Gothenburg State Bank and Securities America Companies are unaffiliated.  Trading instructions sent via email will not be honored.  Please contact my office at 308-537-7577 or Securities America, Inc. at 1-800-747-6111 for all buy/sell orders.  Please be advised that communications regarding trades in your account are for informational purposes only.  You should continue to rely on confirmations and statements received from the custodian(s) of your assets.  Any person who receives this communication in error is requested to immediately destroy the text of this communication without copying or further dissemination.  Your cooperation is appreciated.  * The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Morgan Stanley Capital International Europe, Australia and Far East Index (MSCI EAFE Index) is a widely recognized benchmark of non-U.S. stock markets. It is an unmanaged index composed of a sample of companies representative of the market structure of 20 European and Pacific Basin countries and includes reinvestment of all dividends. Barclays Capital Aggregate Bond Index is an unmanaged index comprised of U.S. investment-grade, fixed-rate bond market securities, including government, government agency, corporate and mortgage-backed securities between one and 10 years. Written by Securities America, Copyright November 2018. All rights reserved. Securities offered through Securities America, Inc., Member FINRA/SIPC. SAI#
 -Not FDIC Insured. No Bank Guarantees. May Lose Value. Not a Deposit. Not Insured by any Government Agency.