Unraveling The Benefits of Secure Act 2.0 For College Savings Plans
Written by Brady Redington Introduction Imagine you’ve been saving for your child’s college education for years, diligently contributing to a 529 plan. You’ve watched the balance grow, comforted by the thought of helping to ease the financial burden of going to college. Now, fast forward to the day when your child is carving out a […]
DeDollarisation: The Shift Away From The US Dollar?
By Devin Loughin The international financial ecosystem has been subtly shifting away from a heavy dependence on the U.S. dollar. This transition is influenced by a myriad of factors, including geopolitical shifts, economic evolutions, the emergence of alternative currencies, and concerns about the U.S. credit rating due to the potential default on its national debt. […]
June 2023 – Mainspring Cares 2023
June 9, 2023, marked another successful day of Mainspring Cares, the all-firm volunteer program at Mainspring Wealth Advisors. Each year we come together as a group and dedicate our time to helping our local communities. This year we were fortunate to help serve various organizations in our community. Our Bellevue team spent the day at […]
The X Date
By Alicia Carinalli and Chris Selvar Debt has generally been an unpopular and contentious topic. Usually, lawmakers don’t like to be seen signing off on more federal borrowing or spending, but in the current environment, they don’t have much of a choice as debt is required to make good on promises already made in the form of […]
How Inflation Affects You and Your Portfolio
By Rory O’Sullivan, CFP® Inflation is at a 40 year high and is impacting everything from wages, to gas and grocery prices and interest rates; which in turn creates market volatility. To understand how inflation affects you in addition to rising prices, it’s best to put it into context. In the first quarter of 2022, […]
Mainspring Cares Volunteer Update
By Shanel Konzelman Shanel Konzelman is a Client Relationship Manager and oversees our annual, all-firm volunteer program: Mainspring Cares. Shanel is responsible for identifying opportunities and then managing and coordinating the many moving parts for each volunteer event. Our latest volunteer event was held on National Public Lands Day and was spent bettering Lake Sammamish […]
Remembering Our Friend and Colleague Tia Sanidad
By Kevin Skogen, CFP®, ChFC® Chief Executive Officer, MWA LLC CERTIFIED FINANCIAL PLANNER™ Tia Sanidad represented a number of firsts for many of us at Mainspring. She was the first one to hire Jeremy, Ed, and myself at Metlife and gave us our first ‘real’ jobs in the industry. Tia was also responsible for introducing me […]
Bitcoin 101: Is It A Viable Portfolio Option?
By Brady Redington, CFP® Over the last decade the popularity of cryptocurrencies like Bitcoin, Ethereum, and others have gained momentum and popularity among techies and investors. And with prices reaching all-time highs, cryptocurrency has gained a lot of traction in the news and it is one of the most common things we get asked about […]
Washington State Long-Term Care Trust Act and What You Need To Know
By Shane Larson, CFP® In 2019, the Washington State Legislature passed the WA State Long-term Care Trust Act (LTCTA) which will impose a new tax on Washington employees. Washington State is the first state in the nation to enact this type of law to mitigate the cost of long-term care and limit the burden on […]
Indicators of Rising Interest Rates and Effects on Your Portfolio
By Brian Frederick, CFP®, CIMA® News last week of rising interest rates on the 10 year Treasury Bond (which influences mortgages and other loans) had the media in a frenzy. However, rising rates are not the bugaboo that some headlines would have you fear. While the one percent rise in a fairly short period of […]