By Darren Wurz Two of the prevailing themes of 2022 were the rampant levels of inflation and a looming recession. The year may be in the rearview, but concerns over inflation certainly are not. Everything from filling up your gas tank to purchasing everyday necessities has become significantly more expensive, creating major stress for those who are nearing retirement, even if they have been in … [Read more...]
Get Your Financial House in Order for 2023
Get Your Financial House in Order for 2023
By Darren Wurz The countdown to 2023 may be over, but are your finances in order and prepared? At Wurz Financial Services, we know that financial well-being doesn’t just happen overnight. It takes hard work, diligence, and consistency to improve your finances, strengthen your savings, and plan for the future. That’s why we’ve put together this comprehensive financial planning guide for the new … [Read more...]
How to Survive a Recession
How to Survive a Recession
By Darren Wurz If you’ve been listening to the headlines lately, you know that a recession is likely on the way. No one knows exactly when it will happen or how bad it will be, but one thing is certain: It’s better to be prepared than to be caught off guard. Even highly specialized fields, like law, are not immune to the effects of a recessionary environment, but there are proactive steps you … [Read more...]
What My Dad Did for Me: 3 Things You Should Do
What My Dad Did for Me: 3 Things You Should Do
By Darren Wurz Preparing your kids for the reality of life can be one of the hardest aspects of parenting, especially when it comes to teaching them about money. Many people shy away from having conversations about money with their kids, but research shows that it can have lasting effects on their long-term financial literacy. My dad decided early on that he was going to make financial … [Read more...]
The 5 Worst Investment Mistakes You Can Make Right Now
The 5 Worst Investment Mistakes You Can Make Right Now
By Darren Wurz The U.S. stock markets have experienced renewed volatility following Federal Reserve Chair Jerome Powell’s speech at Jackson Hole on August 26th. He reiterated the Fed’s aggressive stance on inflation and said further interest rate hikes could lead to slow economic growth and rising joblessness. (1) With the Nasdaq down nearly 7% and the S&P down 5%, many people are … [Read more...]
Individual 401(k) vs. SEP IRA: Which Is Best for You?
Individual 401(k) vs. SEP IRA: Which Is Best for You?
By Darren Wurz As a law firm owner, it can be hard to save for retirement when there are so many other aspects of your business to worry about. Between managing your caseload and running the day-to-day operations of the firm, retirement planning usually ends up at the bottom of the to-do list. Even when you do commit to starting a retirement plan, it can be difficult to sort through … [Read more...]