Financial News and Articles with Carson Mamo in Detroit MI

Insights

Good news—I’m now licensed to serve clients in Tennessee and Colorado! If you're in either state and have questions about financial planning, investing, life insurance, or just want some guidance, feel free to reach out! See thrivent.com/social for important disclosure information.

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A little late, but proud to share that I earned my Behavioral Financial Advisor™️ (BFA™️) designation! This program focuses on understanding the “why” behind financial decisions and I’m excited to bring that insight into my work to help others make values-based, confident financial choices.

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Investing in volatile markets: Smart strategies for confident investingMarket volatility can be hard to predict and difficult to navigate. During these times, having the guidance of a qualified professional can make a difference. Let’s connect and make sure you have back-up plans for periods of economic growth and strain.

Tax tips & pitfalls: What to know to maximize your moneyLooking for ways to optimize your income taxes year-round and helpful tips for navigating tax season? From leveraging charitable contributions to common tax errors to avoid, take a look at this helpful guide. ⤵️

March 2025 Market Update: Volatility returnsThe early economic data for 2025 has shown volatility. Thrivent Asset Management discusses how this changes our outlook in the March Market Update.

Planning for retirement is one of the smartest financial moves you can make, and your employer may already be helping you do it! Here’s a quick breakdown of common employer-sponsored retirement plans: 🔹 401(k) & 403(b) – Traditional retirement plans where employees contribute pre-tax dollars, often with an employer match. 401(k)s are for private sector workers, while 403(b)s are for non-profits and public sector employees. 🔹 Roth 401(k) – Contributions are made with after-tax dollars, meaning your withdrawals in retirement are tax-free! 🔹 SIMPLE IRA – Ideal for small businesses, this plan allows both employers and employees to contribute, but with lower contribution limits than a 401(k). 🔹 SEP IRA – Designed for self-employed individuals and small business owners, this plan allows high contribution limits but only employers can contribute. 🔹 Pension Plans – Becoming rarer, but some employers still offer these defined benefit plans, guaranteeing a fixed income in retirement. Not sure which plan fits your financial future? Let’s chat! I’d love to help you navigate your retirement savings strategy. See thrivent.com/social for important disclosures.

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After graduating college and paying off his debts, Austin was able to build a financial foundation with Thrivent that has helped him pursue his dream of using music to better the lives of others.

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Valentine’s Day isn’t just for humans—it’s for celebrating all the love in our lives, including the kind we get from our pets. Our furry friends remind us what true loyalty and affection look like. Today, let’s take a moment to appreciate the pets who make our homes warmer. How has your pet made your life better?

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Snowball method - Pay off smallest debt first. Quick wins, big motivation. Avalanche method - Pay off highest-interest debt first. Save more long-term. Which debt repayment method appeals to you? Here to talk through your options and find a debt escape plan that works for you.

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2024 IRA contribution deadline: There's still time to maximize your savingsIt may be 2025, but you still have time to maximize your savings for the 2024 tax year. Explore how contributing to an IRA can help boost your retirement savings and find answers to the most common IRA questions.

How to start an emergency fund—the right wayPlanning ahead for emergencies can help reduce your stress as they happen. 💡 Here are tips to start an emergency fund.

Basics of a financial plan: What it is & getting startedI’m excited to share an article that highlights something I’m really passionate about—helping people take control of their financial future! A financial plan doesn’t have to feel overwhelming. It’s simply about defining your goals, figuring out what matters most to you, and putting a plan in place to make it all happen. Whether it’s saving for a home, planning for retirement, or just getting a better handle on your finances, having a plan brings so much clarity and financial confidence. If you’re ready to take the next step toward your goals, let’s connect—I’d love to help! See thrivent.com/social for important disclosures.

Living within your means: What it is & how to do itTrying to get your finances on track? Learn more about healthy financial habits you can start doing today to avoid overspending and live within your means. ⬇️

I'm excited to share that I've successfully achieved my 2024 goal of passing the Series 7, Series 63, and Series 65 exams! This milestone marks the beginning of an exciting journey to help individuals and families achieve their financial goals and secure their futures. A huge thank you to my family, friends, mentors, and colleagues for their unwavering support and encouragement throughout this process. I’m also thrilled to announce that I've joined the incredible team at Thrivent in downtown Detroit. Here’s to new beginnings, growth, and making a positive impact in the lives of others in 2025!

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How to save more money in 2025: Tips, goals & accounts you can useMake a plan to thrive in 2025 👏