News & Insights - Ascend National Wealth Advisors, Financial Advisors in Bellevue, WA

"The family fortune will last forever." Here's a sobering reality: • 70% of wealthy families lose their wealth by the second generation • 90% lose it by the third generation (Source: Williams Group wealth consultancy study*) It's a pattern I see often - wealth built through discipline and hard work, lost through lack of preparation and education. True legacy planning isn't just about passing down money - it's about passing down values, wisdom, and purpose. Let's make sure your family's wealth serves its intended purpose for generations to come. . . . #WealthManagement #LegacyPlanning #FamilyWealth Disclosures: thrivent.com/social

Remember asking your parents what a mortgage was, or why they seemed stressed about bills? 💭 Now here we are, making those same complex financial decisions. But with one difference - we're also teaching the next generation how to think about money. It's fascinating how we shape tomorrow's financial wisdom through: • The money conversations we have (or avoid) • The habits we model daily • The values we demonstrate in our choices Our relationship with money tells a story. What story are we passing on? . . . #FinancialLegacy #MoneyValues #GenerationalWisdom Disclosures: thrivent.com/social

"Just max out your 401k!" "Pay off all debt immediately!" "Buy term and invest the difference!" Sound familiar? The internet is full of cookie-cutter financial advice. While these aren't bad starting points, they miss something crucial: YOUR unique situation. Your financial journey isn't generic. That's why cookie-cutter advice often falls short of getting you where God is calling you to go. True financial guidance means understanding your whole story, not just your numbers. . . . #FinancialPlanning #PersonalizedAdvice #WealthManagement Disclosures: thrivent.com/social

'I just want to make sure I don't outlive my savings.' I hear this concern often from clients nearing retirement. The good news? With thoughtful planning, we can build confidence around: • Creating reliable income streams • Protecting what matters most • Planning for healthcare costs • Leaving a meaningful legacy Remember, retirement planning isn't just about the numbers—it's about creating a future filled with purpose and clarity. Ready to transform retirement concerns into confidence? Let's talk. . . . #RetirementPlanning #FinancialConfidence #PurposefulPlanning Disclosures: thrivent.com/social

"Should I pay off debt or save for retirement?" It's rarely an either/or choice. Here's how to think it through: 1. High-interest: debt Tackle this first—it's eating away at your future savings. 2. Employer match: Don't leave free 401(k) money on the table. 3. Emergency fund: Some cash reserves should come before aggressive debt payoff. 4. Time matters: The earlier you start investing, the more compound growth works in your favor. The right balance looks different for everyone. What matters is having a strategy that fits your situation. . . . #FinancialPlanning #DebtManagement #WealthBuilding Disclosures: thrivent.com/social

Had a powerful conversation with a client last week about market volatility. Instead of jumping straight to portfolio adjustments, we talked about something deeper: What's actually driving their financial decisions? Three insights from our discussion: 1. When your decisions align with your values, market swings feel less threatening 2. True wealth isn't just about accumulation - it's about allocation to what matters most 3. The best financial plans have room for both wisdom AND purpose I've seen this personally: The clients who weather market storms best aren't necessarily the ones with the largest portfolios - they're the ones who are clearest about their 'why.' What drives your biggest financial decisions? . . . #PurposefulPlanning #WealthManagement #CharlestonBusiness Disclosures: thrivent.com/social

'I just want to make sure I don't outlive my savings.' I hear this concern often from clients nearing retirement. The good news? With thoughtful planning, we can build confidence around: • Creating reliable income streams • Protecting what matters most • Planning for healthcare costs • Leaving a meaningful legacy Remember, retirement planning isn't just about the numbers—it's about creating a future filled with purpose and clarity. Ready to transform retirement concerns into confidence? Let's talk. . . . #RetirementPlanning #FinancialConfidence #PurposefulPlanning Disclosures: thrivent.com/social

Are your adult children still on your cell phone plan? You're not alone. 🌱 Today's parents often find themselves balancing: • Supporting grown children • Preparing for retirement • Caring for aging parents • Building their own financial security Finding the right balance between helping family and securing your future takes wisdom and planning. Let's explore strategies that honor both your generous heart and your financial well-being. . . . #FamilyFinances #FinancialWisdom #RetirementPlanning Disclosures: thrivent.com/social

'It's just a health savings account' might be one of the most expensive mindsets in financial planning. The HSA is the only account in our tax code that offers triple tax advantages: • Tax-deductible going in • Tax-free growth • Tax-free coming out for medical expenses Yet here's what the data tells us: According to Devenir Research's 2023 Midyear Report, only 7% of HSA assets are being invested for growth. The other 93%? Sitting in low-yield savings accounts. Even more striking: Employee Benefit Research Institute (EBRI) found that only 28% of eligible employees are contributing to an HSA at all. Here's what many miss: After 65, this transforms into a powerful retirement tool. You can use it for anything - not just medical expenses - similar to a Traditional IRA. . . . #WealthBuilding #HSAPlanning #FinancialPlanning Disclosures: thrivent.com/social

Teaching Kids About Money: Start with Seeds of Wisdom 🌱 As parents, we want to prepare our children for a strong financial future. Here's how we can plant those first seeds of understanding: • Save, Give, Spend: Help them divide their allowance or birthday money into these three categories • Make it visible: Use clear jars instead of piggy banks - watching money grow makes it real! • Practice gratitude: Guide them in understanding the difference between wants and needs • Lead by example: Let them see you making thoughtful financial decisions and practicing generosity Remember, we're not just teaching about money - we're helping develop wisdom that will serve them throughout their lives. What financial lessons do you wish you had learned earlier? I'd love to hear your thoughts! . . . #FinancialParenting #TeachingKids #FamilyFinance Disclosures: thrivent.com/social

Turned 50? Don't miss this powerful retirement savings opportunity. Catch-up contributions let you save an extra $7,500 in your 401(k) and an additional $1,000 in your IRA this year. But just adding more isn't enough—let's make those dollars work harder. Smart strategies to consider: 1. Match your timing Spread contributions throughout the year to take advantage of market ups and downs. 2. Rethink your allocation Extra contributions might mean it's time to rebalance your portfolio. 3. Choose your bucket Traditional or Roth? Consider your current vs. future tax situation. 4. Coordinate with other savings HSAs, after-tax accounts, and other vehicles can complement your catch-ups. Think of catch-up contributions as making up for lost time. But with the right strategy, you're not just catching up—you're potentially pulling ahead. Where are you focusing your catch-up contributions? Let's discuss maximizing this opportunity. . . . Thrivent and its financial advisors and professionals do not provide legal, accounting, or tax advice. Consult your attorney or tax professional. #RetirementPlanning #FinancialStrategy #WealthBuilding Disclosures: thrivent.com/social

Many passionate entrepreneurs dive into business ownership without considering one crucial detail: separating personal and business finances. It's a lesson I've seen impact too many small business owners. Think of it like building a house - you need a solid foundation first. That means: • Setting up a separate business bank account • Getting the right insurance coverage • Creating clear financial boundaries • Understanding your tax obligations Your dream business shouldn't put your family's financial security at risk. Starting right means you can pursue your calling with confidence. Let's make sure your entrepreneurial journey starts on the right foundation. . . . #SmallBusiness #FinancialPlanning #BusinessOwner Disclosures: thrivent.com/social

Watching taxes eat into your investment returns? It's frustrating, but there are ways to be more tax-efficient with your investments. Here are some strategies to consider: 1. Strategic asset location Keep tax-inefficient investments in your IRAs or 401(k)s where they can grow tax-deferred. 2. Tax-loss harvesting Turn market downturns into tax advantages by offsetting gains with losses in taxable accounts. 3. Tax-free municipal bonds If you're in a higher tax bracket, these can provide federal tax-free income. 4. Roth conversion planning Converting traditional IRA funds to Roth could mean tax-free growth for your future. 5. Smart dividend investing Focus on qualified dividends that may receive preferential tax treatment. Remember, while tax efficiency matters, it's just one piece of your overall financial picture. The key is finding strategies that align with your long-term goals. What questions do you have about tax-efficient investing? Let's explore solutions together. . . . Please note: Dividends are not guaranteed. #TaxPlanning #InvestmentStrategy #WealthManagement Disclosures: thrivent.com/social Disclosures: thrivent.com/social

In these politically charged times, it's so easy to let our beliefs influence our investment choices. But as I've learned over the years, mixing politics and portfolios often leads us astray from God's plan for our financial stewardship. Consider this: • Markets don't play politics - they respond to global events and innovations far beyond any one leader or party. • Emotional decisions based on political leanings can cause us to miss out on valuable opportunities. • A diverse, balanced portfolio reflecting godly wisdom helps protect against unpredictability. • Political events might cause short-term worries, but often have little effect on our long-term financial journey. Remember, 'For I know the plans I have for you,' declares the LORD, 'plans to prosper you and not to harm you, plans to give you hope and a future.' (Jeremiah 29:11) If you're feeling uncertain, I'm here to offer guidance aligned with your values and God-given goals. Let's talk about creating a financial strategy that stands firm, no matter which way the political winds blow. . . . . Please Note: While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market. #FaithfulInvesting #FinancialWisdom #SteadyintheStorm Additional disclosures: thrivent.com/social

Money mindsets matter more than you might think. 🧠💰 After years of helping clients build wealth, I've noticed something fascinating: It's rarely about how much money you make—it's about how you think about money. Common mindset traps I see: • Waiting for the 'perfect time' to start investing • Thinking more income alone solves everything • Playing it too safe with long-term goals • Comparing your financial journey to others Here's the truth: Your relationship with money shapes every financial decision you make. At Ascend, we help you build wealth from the inside out, starting with understanding your money mindset. What money beliefs have you had to overcome in your journey? . . . #BehavioralFinance #MoneyMindset #WealthBuilding #AscendHigher #Thrivent Disclosures: thrivent.com/social

Ever wondered how much you should be saving in your 401(k)? It's a question I hear often, and the answer isn't one-size-fits-all. But here's a principle I live by: Start early, and increase often. Just starting out? Aim to at least get that full employer match - it's free money! As you progress, try bumping up your contribution by 1% each year. You'd be amazed at how this small change can compound over time. For my friends nearing 50 or beyond, remember those catch-up contributions. They're a powerful tool to boost your retirement savings. Let's make sure your plans are working hard for your future. . . . #RetirementPlanning #FinancialWellness #401k Disclosures: thrivent.com/social

Did you know that 85% of high-net-worth women still tend to leave long-term financial decisions to their male counterparts?¹ This statistic hits home for me. Women often face unique financial challenges: • Lower Social Security benefits due to career breaks • More conservative investment approaches • Longer life expectancy, requiring more savings It's crucial for women to take an active role in their financial futures. Here's how: 1. Educate yourself about personal finance 2. Engage in financial discussions with your partner 3. Seek out a financial advisor who understands your needs 4. Plan for various life scenarios Remember, financial empowerment is about working together for a secure future that honors both partners' contributions. What step will you take today towards financial empowerment? . . . #WomenAndFinance #FinancialEmpowerment #RetirementPlanning ¹ Source: UBS, March 2019. Disclosures: thrivent.com/social

Couples, let's talk about maximizing your Social Security benefits! 👫💰 Did you know that coordinating your Social Security claiming strategy as a couple could potentially increase your lifetime benefits by tens of thousands of dollars? Here are some key strategies to consider: 1. Understand spousal benefits: You might be eligible for up to 50% of your spouse's benefit. 2. Consider the higher earner delaying: The higher-earning spouse waiting until 70 can significantly boost the survivor benefit. 3. File and suspend: This strategy isn't as powerful as it once was, but it might still be useful in certain situations. 4. Coordinate your claiming ages: Sometimes it makes sense for one spouse to claim early while the other delays. 5. Factor in your health and family history: Longevity plays a crucial role in these decisions. Remember, there's no one-size-fits-all approach. Your unique circumstances, values, and goals should guide your strategy. Have you and your spouse discussed your Social Security claiming strategy? What factors are most important to you? Let's sit down together and explore how we can optimize your Social Security benefits as part of your overall retirement plan. With thoughtful planning, we can work towards a retirement that honors your lifelong partnership and supports your shared dreams. . . . #SocialSecurity #RetirementPlanning #CoupleFinances Disclosures: thrivent.com/social Thrivent financial advisors and professionals have general knowledge of the Social Security tenets. For complete details on your situation, contact the Social Security Administration.

Events in Bellevue, WA - Ascend National Wealth Advisors, Financial Advisors | Thrivent

📚 Exciting Learning Opportunities Ahead! 📚 We're thrilled to announce two upcoming webinars that could significantly impact your financial future: https://connect.thrivent.com/ascend-national-wealth-advisors/events "Maximizing Social Security" with Mary Beth Franklin Learn from the expert! Mary Beth will cover: • How age, marital status, and work history affect your benefits • Keys for married and divorced individuals • Pros and cons of delaying benefits "Keeping the Tax Man Away" with Debbie Taylor Debbie will share strategies to optimize your tax situation, including: • Defusing the pre-retiree tax time-bomb • Tax diversification strategies • Roth IRA conversions and backdoor Roth options These webinars are packed with valuable information to help you make informed decisions about your financial future. Ready to expand your financial knowledge? Register here: https://connect.thrivent.com/ascend-national-wealth-advisors/events Don't miss these opportunities to learn from industry experts and take control of your financial future! . . . #FinancialEducation #SocialSecurity #TaxPlanning No products will be sold. Speakers are not affiliated with Thrivent. Views are their own. For additional disclosures, see thrivent.com/social.

'The best investment you can make is in yourself.' - Warren Buffett This quote always reminds me that financial planning goes beyond numbers—it's about investing in your whole self. 🍂💖 As we embrace the autumn season, it's a perfect time to reflect on personal growth. Here are some ways to invest in yourself: 1. Continuous learning: Start a new course or pick up a book on a topic you've always wanted to explore 2. Health and wellness: Establish a cozy self-care routine for the cooler months 3. Relationship building: Plan gatherings with loved ones as the holidays approach 4. Skill development: Learn something that could enhance your career or hobby 5. Spiritual growth: Use the quieter season for deeper reflection and faith practices Remember, these investments often yield returns that go far beyond financial gains. What's one way you're planning to invest in yourself this fall? I'd love to hear your thoughts! And if you're wondering how personal growth ties into your financial strategy, let's chat. A holistic approach to wealth includes nurturing all aspects of your life. . . . #PersonalGrowth #FinancialWellness #AutumnReflections See thrivent.com/social for disclosures.

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