Lon W. Broske, CFS, CFP®

I am a Partner with Pines Wealth Management, LLC. My primary passion in owning my own financial-planning firm, is creating meaningful relationships.

[Lon W. Broske, CFS, CFP® @lbroske]

US business dominance isn’t going anywhere, anytime soon . . .

For all of our warts (and we have plenty of them), the US is not about to lose its status as the world’s most desirable place for businesses.

Not only is the US the world’s best incubator for entrepreneurial ideas, but it also holds the distinction of being home to the greatest number of the world’s best companies headquartered here: https://t.co/1sxZh2zVj7

[Lon W. Broske, CFS, CFP® @lbroske]

Pessimism has ALWAYS and will ALWAYS be part of the media’s playbook. Primarily because pessimism sells extremely well.

However, what has been proven time and again throughout history is that human ingenuity and innovation will shine through to solve whatever problems ail humans.

[Lon W. Broske, CFS, CFP® @lbroske]

Your biggest threat to your investment returns is not what you think it is -
Perhaps the biggest misconception that investors are bombarded with at every turn, and perpetuated by every financial media outlet, is that what matters more than anything else is timing the market.
When there is a threat of market downturn, or an economic recession, it is better to go conservative with your investments.
Turns out it’s not what you own, but your own behavior in owning your investments, that determines your success or failure –

[Lon W. Broske, CFS, CFP® @lbroske]

Throughout their financial lives, investors will face many challenges, understanding that it's not about "beating" the market, but rather about building a future, can help them muddle through those difficult times.

[Lon W. Broske, CFS, CFP® @lbroske]

We all know that “money can’t buy happiness," and yet we continue to chase more money in the hope of keeping up.

Happiness begins with finding contentment.

Contentment begins with being grateful for what you have.

[Lon W. Broske, CFS, CFP® @lbroske]

It's almost comical how the financial media often blatantly disregards historical facts. Maybe the urge to hear themselves talk is too intoxicating. It's downright maddening.

[Lon W. Broske, CFS, CFP® @lbroske]

@jimiuorio The sad part is that she will be a senator for the rest of her life . . . but then again what did you expect she's from Massachusetts?

[Lon W. Broske, CFS, CFP® @lbroske]

I would encourage you to recognize how hardwired our human behavior is so that when the mainstream media makes its pitch to keep ownership of your eyeballs under the guise of “This time is different," you think better of it.

[Lon W. Broske, CFS, CFP® @lbroske]

Some of my favorite insights of Warren Buffett's wisdom:

“The stock market is a device for transferring money from the impatient to the patient.” 

"Someone's sitting in the shade today because someone planted a tree a long time ago."

  “A simple rule dictates my buying:  Be fearful when others are greedy and be greedy when others are fearful.” 

“We don’t have to be smarter than the rest.  We have to be more disciplined than the rest.” 

“If you cannot control your emotions, you cannot control your money.”

[Lon W. Broske, CFS, CFP® @lbroske]

Wow, that was a fast turnaround! The S&P 500 has had one of the biggest short-term comebacks in history . . . so much for tariff wars!

[Lon W. Broske, CFS, CFP® @lbroske]

The psychology of the market cycle remains undefeated. It will always be same, no matter the economy, the markets or geopolitics.

[Lon W. Broske, CFS, CFP® @lbroske]

A reminder to separate your feelings from your investments. Your investments certainly don't care who's president. . .

[Lon W. Broske, CFS, CFP® @lbroske]

Save yourself a major headache, and stop trying to time the market - it's the quickest, surest way to go broke . . .

[Lon W. Broske, CFS, CFP® @lbroske]

Need to do some tax planning with your inherited IRA? Let us be a resource for you. Leave a message to find out more.

[Lon W. Broske, CFS, CFP® @lbroske]

So if you've got an IRA that you inherited, and you're a non-spouse, the IRS has some specific guidelines you must follow . . . 🧵

[Lon W. Broske, CFS, CFP® @lbroske]

According to a recent clarification from the IRS, you ARE required to take an RMD out every year, HOWEVER, the RMD will not be enough to drain the account by the December 31st of the 10th year.

This means some tax planning on your part will need to be done.

[Lon W. Broske, CFS, CFP® @lbroske]

Get comfortable with the fact that the equity markets in 2025 are going to do what equity markets do . . . which in all probability means at some point during the year, investors will experience a double digit correction.

It's not a matter of if, but rather when:

[Lon W. Broske, CFS, CFP® @lbroske]

If you're in the distribution phase of your financial life don't forget (especially if you're in or near your RMD's) it's crucial to consider the tax ramifications of your withdrawals, most retirees don't.

Withdrawals could potentially push retirees into higher tax brackets.

[Lon W. Broske, CFS, CFP® @lbroske]

@awealthofcs Have we ever seen another time in history where investors simply ignored Fed interest rate policy?