CONTACT US
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Craig Lundquist, MBA, ChFC®, CRPC®
VP of Wealth Management
651-773-2757
Kristin Becker
Senior Administrative Assistant
651-773-2821
Ideal Wealth Advisors
Located at Ideal Credit Union
8499 Tamarack Road
Woodbury, MN 55125
CRPC conferred by College for Financial Planning
November/December 2023
Smart Strategies for Any Market
It may be hard not to throw in the towel when the markets aren't performing well. And it's just as hard to imagine the markets will ever lose value when stock prices soar. But because no one controls market behavior, you'll want to devise a plan for staying invested no matter what the markets do.
Down Markets - A Time to Buy
It's no fun to watch stock values drop. But lower stock prices offer an opportunity to buy stocks at bargain prices. If you've been eyeing companies to add to your portfolio but hesitated because the share price was too high, a down market may be the time to make your move.Forget Market Timing
Every stock investor wants to buy low and sell high, but trying to time the market can be a losing game. Even market gurus generally can't determine with one hundred percent accuracy when stock prices have reached their peak or hit rock bottom.Being out of the market when it begins to rebound can result in significantly lower returns. Instead of playing market roulette, create an investment strategy to help sustain your portfolio when the market is volatile.
Time for a Roth IRA?
If you've thought about rolling over funds from a traditional IRA or another tax-deferred retirement account to a Roth IRA but were worried about the tax hit, a lackluster market may provide an opportunity. You will pay fewer taxes on the conversion when investment values are down. Roth IRA earnings grow tax-free, and withdrawals in retirement, although not required, are tax-free as well. Some restrictions apply.*Mark Volatility
A volatile market can be an opportune time to help ensure your portfolio conforms to your future vision. Make sure your investment mix helps curb volatility. Your financial professional can review your investment strategy to help ensure you're moving closer to your goals.*Conversions are taxable events. Roth IRA withdrawals are tax-free provided the plan has been in place for five tax years and the distribution is made after age 59 1/2 or due to death, disability, or a first-time home purchase (up to $10,000 lifetime maximum). Distributions may be subject to state taxes.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Ideal Credit Union and Ideal Wealth Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Ideal Wealth Advisors, and may also be employees of Ideal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Ideal Credit Union or Ideal Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
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