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Christopher Arends, CFA®, CMT® CAIA® Chief Investment Officer INTRODUCTION – CFA® - A Hallmark of Excellence Are you familiar with the CFA® designation? The Chartered Financial Analyst (CFA®) designation is considered the gold standard in the field of investment analysis and portfolio management. It is globally recognized and given by the CFA Institute, validating an individual’s competence and integrity in investment management. It signifies a rigorous course of study and a commitment to the highest ethical standards. At Gatewood Wealth Solutions (GWS), our team includes CFA® credentialed investment professionals bring expertise and credibility to our clients' investment strategies. NOT ALL STRATEGIES ARE CREATED EQUALLY In the realm of financial advisory services, not all strategies are created equal. While many advisors opt to delegate investment management to outside money managers or rely on predetermined strategies within their firms, others take a more passive approach by simply allocating funds to passive or index funds and ETFs, often without active portfolio management tailored to the individual's total asset mix and risk profile. At Gatewood Wealth Solutions, we take a different approach. We use the CFA® Goals Based Planning Methodology for Portfolio Management in which a client’s assets are first categorized into three different buckets based upon the type of risk they face. This approach allows us to provide personalized investment strategies that align with our clients' needs and aspirations, rather than adopting a one-size-fits-all approach. Let’s break down each bucket: PERSONAL RISK BUCKET PURPOSE: The first bucket is for low risk liquidity. It helps us make sure we have enough cash so we can weather any economic storm. We typically recommend 6-30 months of cash depending upon one’s life stage. This bucket is designed to cover essential needs and core lifestyle expenses. It's the foundational component of one's wealth and aims to ensure that even in adverse market conditions, an individual or family can maintain a basic standard of living without having to liquidate assets at the wrong time. ASSET TYPES: Typically, this bucket includes assets with low volatility and risk: cash, high-quality short- to intermediate-term bonds, fixed annuities, and other conservative assets. It also includes one’s primary residence. RISK PROFILE: The focus here is on preservation of principal and liquidity, so assets in this bucket generally have minimal exposure to market downturns. The expected return of these assets is below inflation. MARKET RISK BUCKET PURPOSE: The market risk bucket is essentially your “core retirement bucket”. It’s the net present value of all the cash you’ll need in retirement. The goal is not preservation of principal, but preservation of purchasing power. Inflation is best hedged with a diversified investment portfolio. The goal for this bucket is meant for generating returns that will outpace inflation and grow wealth over time. Our aim with this bucket is to keep up with the benchmarks rather than try to drastically outperform the market. This way, as families navigate their way through retirement, education, and other life goals, their capital account can keep up with the growth of these expenses. It addresses the need for long-term financial security beyond just the essential needs covered in the personal risk bucket. ASSET TYPES: This bucket contains a diversified mix of assets that include equities, longer-term bonds, mutual funds, ETFs, and other traditional investment vehicles. RISK PROFILE: This bucket has a moderate to high risk, with the understanding that market fluctuations can impact its value in the short to medium term. However, over longer periods, it's expected to provide positive real returns. The expected return is above inflation. ASPIRATIONAL RISK BUCKET PURPOSE: Anything in excess of the first two buckets we consider aspirational. This is the "swing for the fences" bucket. The goal is to achieve substantial or outsized returns that greatly exceed the market and can move the individual up the wealth spectrum. However, it should be money that an individual can afford to lose without affecting their basic standard of living or long-term financial security. ASSET TYPES: These are illiquid assets like a business or real estate, or concentrated assets like a single stock or equity compensation. It also includes high-risk, high-reward investments like startups, speculative stocks, and hedge funds. RISK PROFILE: This bucket is high risk, and there's a significant chance of loss. The expected return is to greatly exceed the market and inflation. PUTTING IT ALL TOGETHER What is our ultimate strategy with these buckets when helping clients pursue financial independence? We first want clients to enter retirement with no debt, their homes fully paid for, and enough cash in their personal risk bucket to weather any economic storm and insulate their portfolios from being liquidated at the wrong time. Next, we want their market risk bucket fully funded with the net present value of all their future cash needs in retirement invested in a diversified portfolio that when stress-tested they have a 90% or better chance of never running out of money. Anything in excess of this bucket can be invested for legacy planning or a cause that is important to them. It is important to remember that “wealth is made through concentration but preserved through diversification”. CONCLUSION The beauty of this approach is in its intuitive separation of assets based on their purpose and risk. By allocating wealth across these three buckets, individuals can ensure they're covered for basic needs, have a strategy for long-term growth, and can pursue high-reward opportunities without jeopardizing their fundamental financial security.

Baseball and financial management can have more in common than meets the eye. Below, we discuss four key lessons that investors—and everyone else—can learn from America's favorite pastime. Diversification of Assets is Critical Having nine power-hitters who are weak in the outfield can help your team rack up high scores—but may not be enough to win the game. Just as you want your baseball team to include a good mix of a variety of skills and abilities, you should want your investment portfolio to include a diverse mix of stocks and more conservative assets, domestic and international assets, and tax-deferred and tax-advantaged accounts. And like any good manager, it's also important to have solid, identifiable expectations of the assets in your portfolio and to know when to cut certain "players" loose. Whether this means selling an asset once it hits a certain price or engaging in more complex strategies like tax loss harvesting, knowing when to call it a game can be the key between winning and losing. You Need a Plan to Manage Losing Streaks Few teams are able to consistently stay on top; even the best franchises have gone through tough times. And if the Chicago Cubs' 107-season World Series drought is any indication, baseball can be full of some long down periods.1 Investors and baseball fans should be prepared for these down periods, no matter when they occur. Look back at historical statistics to reassure yourself that these events happen periodically, and with good planning and a bit of luck, winning seasons can come back. Having a plan to get yourself through these slumps can help investors and sports fans weather even the most discouraging times. Try to Avoid One-Hit Wonders Who doesn't love to see a player blast a 500-foot home run, or watch a penny stock or crypto coin increase by over a thousand times in value nearly overnight? While these types of opportunities are fun to watch and present great feel-good stories, having a portfolio composed of power-hitters can also leave you vulnerable to major fluctuations in value. All investments have some degree of risk, but it's important for these risks to be compensated—in other words, investments that have a likelihood of increasing in value that corresponds to their risk, not those that will depend on overcoming the slimmest of odds to create a small group of lottery winners. Take Advantage of the Seventh-Inning Stretch The seventh-inning stretch gives fans an opportunity to get a brief change of scenery to focus on the last couple of innings of the game. Investing for years without setting aside time to evaluate your asset allocation, your tax reduction strategies, and your retirement plans can leave you scrambling once it's time to make decisions about your future. Give yourself a virtual "seventh inning stretch" by stepping back and taking a holistic look at your finances so that you can buckle down with renewed focus. With a solid game plan and prudent evaluation of risk, you're ready to get started! Important Disclosures: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial professional prior to investing. Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy. This article was prepared by WriterAccess. LPL Tracking # 1-05355833. Footnotes: 1. https://www.nbcsports.com/chicago/chicago-cubs/joy-world-cubs-finally-end-108-year-series-drought

Christina Shockley, JD, CFP® Partner & Chief Planning Officer INTRODUCTION Imagine you've poured your heart, soul, and countless hours into building your business. It's not just a company; it's a part of who you are. But what if, in an unforeseen moment, everything you've worked for is at risk because of a sudden loss? What if a key player in your team, perhaps even you, were to pass away unexpectedly? Would your business survive, or would it crumble under the weight of the loss? Sadly, many business owners find themselves in this exact scenario, unprepared for the impact of a death on their business operations and financial stability. A well-designed life insurance plan can offer a solution to these worries, providing a safety net that ensures continuity and security. THE WAKE-UP CALL Consider the story of a small tech firm, thriving and on the verge of a breakthrough. The unexpected death of their lead developer threw everything into chaos. Projects stalled, client confidence wavered, and the financial stability of the firm was threatened. Without the developer, not only was the team's morale affected, but the company also faced potential financial ruin. This is where life insurance steps in as a critical tool for business planning. KEY PERSON INSURANCE: THE BUSINESS LIFELINE Key person insurance is a type of life insurance taken out by the business on the lives of crucial employees whose death would cause a significant financial loss to the company. This coverage helps mitigate the risk, providing the business with financial support to navigate through the tough times. It can cover lost income, provide funds to hire a replacement, or, if necessary, pay off debts, distribute money to investors, or even close the business in an orderly manner. BUY-SELL AGREEMENT: A SMOOTH TRANSITION Another critical aspect is funding buy-sell agreements with life insurance. These agreements ensure that the remaining business owners have the means to buy the deceased owner's share of the business, preventing external parties from stepping in. Life insurance policies fund these buyouts, ensuring a smooth transition and uninterrupted operation of the business. PERSONAL PROTECTION FOR BUSINESS DEBTS Business owners often secure loans with personal assets. Life insurance policies can provide the means to cover debts and protect personal and business assets, ensuring that your legacy and your family's financial security are preserved. QUESTIONS TO PONDER When considering life insurance for business needs, ask yourself: Who are the key people in my business whose loss would be catastrophic? Do I have a buy-sell agreement in place, and how will it be funded? What debts are tied to my personal assets, and how can they be protected? How can I use life insurance to ensure the continuity of my business for my employees and their families? CONCLUDING THOUGHTS Life insurance offers more than just individual security; it's a strategic tool for business planning. It protects against critical risks, ensuring that your business can withstand the shocks of unexpected losses. By carefully considering your needs and planning accordingly, you can shield your business, your employees, and your family from financial turmoil. Don't wait for a wake-up call; the time to plan is now. This material contains only general descriptions and is not a solicitation to sell any insurance product.  Guarantees are based on the claims paying ability of the issuing company.

Christina Shockley, JD, CFP® Partner, Chief Planning Officer & Wealth Advisor INTRODUCTION At Gatewood Wealth Solutions (GWS), our philosophy is centered around providing personalized and proactive financial guidance for our clients. In our experience, as clients’ net worth builds, so does their financial complexity. Given this relationship — and recognizing the importance of navigating various needs based on specific life circumstances — we carefully divide our clients into three groups: ·       Private Client Care: Ultra-high net worth, ultra-high financial complexity. ·       Client Care Plus: High net worth, high financial complexity. ·       Client Care: Average net worth and financial complexity. Within these segments, we designate specific Client Care Teams to serve a particular number of families, so they can familiarize themselves with typical client needs within those segments. This also helps ensure that no financial plan or investment portfolio is ever reliant on just one person. If something ever happened to one of the advisors — whether retirement, promotion, death, or any other unforeseen circumstance — there would always be another team member familiar with the client’s goals, objectives, and moving pieces to step in and manage their account moving forward. While some firms take the traditional, one-client-to-one-advisor approach, we set the standard on a true family-to-firm approach. This continuity plan ensures we can deliver on our promises to the families we serve for generations to come. CLIENT CARE TEAM STRUCTURE As a GWS client, you receive an on-call Client Care Team tailored to your needs and aligned to your segment. Each member of the team specializes in a particular area related to your account, and all team members work together so that no stone is left unturned when it comes to keeping you on track towards reaching your goals. While your Wealth Planner is your day-to-day contact, you also have at least three other team members working behind the scenes at all times on your account, not to mention our specialists who can be called in at a moment’s notice to advise as needed. Take a look at the graphic and descriptions below to get to know the different roles on your Client Care Team. (Please note, your assigned team member may be different than the team member pictured.) WEALTH PLANNER: NAVIGATES YOUR FINANCIAL FUTURE Your Wealth Planner is your family’s personal CERTIFIED FINANCIAL PLANNER professional. The CFP® designation demonstrates their proficiency in financial planning, risk management, investment, tax efficiency, retirement, and estate planning advising. They serve as your trusted guide to create and maintain your personalized financial plan that aligns with your goals and aspirations, going beyond simply providing day-to-day services. He or she will be your go-to for most questions! WEALTH ADVISOR: PROVIDES EXCEPTIONAL CLIENT EXPERIENCES While the Wealth Planner focuses on your financial strategy, the Wealth Advisor strives to make your client care journey with GWS is nothing short of exceptional, especially during times of crucial or complex life decisions. They are dedicated to enhancing your overall experience with the firm, ensuring that every interaction with GWS reflects our commitment to excellence. WEALTH COORDINATOR: ORCHESTRATES SEAMLESS OPERATIONS Your Wealth Planner is supported by a dedicated Wealth Coordinator who takes care of the administrative details of your accounts, from information updates to paperwork. They are the glue that holds the team together, and they work tirelessly to ensure your family has its financial details covered. SPECIALISTS: GIVE COMPREHENSIVE TEAM SUPPORT Our specialists are always ready to provide nuanced knowledge to your family precisely when you need it. Whether you need advice from the GWS Investment Committee, a complex strategy from our tax and estate planning specialists, a consultation for employer sponsored retirement plans, or business owner exit planning, we’ll bring in just the right specialist from our team of advisory professionals. GWS INVESTMENT COMMITTEE: ACTIVELY MANAGES & OVERSEES YOUR PORTFOLIO The GWS Investment Committee works behind the scenes every day to ensure we're positioning your investments in a way that helps you pursue your goals. Be sure to tune into our Monthly Market Insights videos to hear their transparent take on the market! EDUCATIONAL EXCELLENCE & ADVANCED CREDENTIALS At GWS, we pride ourselves on the exceptional educational background and advanced credentials of our team members. With a roster that includes MBAs, MAccs, MSFs, MSFSs, JDs, and a suite of distinguished certifications such as CFA®, CFP®, CPA, CEPA®, CMT®, and CAIA®, our professionals bring a depth of knowledge and a breadth of expertise to the table. In addition to years of experience, this wealth of education and certification translates into a discerning eye for detail and a comprehensive approach to financial strategy. As a client, you benefit from our team’s informed guidance and ability to create sophisticated solutions to meet the complexities of today’s financial landscape. GWS CULTURE At Gatewood Wealth Solutions, our culture isn’t just about serving clients; it’s also about nurturing our team members’ growth so they can continue to provide excellent service for years to come. We prioritize a supportive and empowering environment where every individual is encouraged to thrive personally and professionally. This commitment to our team's well-being fuels their dedication to delivering nothing short of exceptional client experiences, making our culture the driving force behind our success. OUR COMMITMENT TO YOU Our team structure is designed to ensure that, regardless of life’s changes, you have a consistent, knowledgeable, and dedicated group of professionals ready to support you. As your life evolves, so does our service, adapting to provide the relevant expertise that your situation demands. If you have any questions about your own Client Care Team structure, please reach out to your Wealth Planner. Not only are we passionate about your success, but we’re also deeply committed to excellence, continually striving to get better, and staying competitive. We will always go the extra mile for our clients and our teammates! -- The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy. Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.

Christopher Arends, CFA®, CMT®, CAIA® Chief Investment Officer At Gatewood Wealth Solutions, we're not just about preparing for the best; we're about being ready for the worst. Our approach to retirement income planning revolves around a core philosophy: keeping our clients "Bear Market Ready, but Bull Market Positioned." In this blog post, we'll delve into our robust methodology for cash management in retirement, highlighting the importance of cash reserves and strategic investment planning. UNDERSTANDING THE CASH TARGET Our firm has worked hard to develop an approach that allows us to pinpoint exactly where that “sweet spot” is, based on clients’ expenses, life stages, and our investment committee’s outlook on the market. Our financial planning and investment management teams work closely together to ensure no stone goes unturned in making this assessment. The cornerstone of our approach is what we call the "Cash Target." This is the amount we recommend our clients keep readily available in cash to weather market downturns without the need to sell off investments at unfavorable times. Determining this Cash Target involves a meticulous process that takes into account various factors such as annual expenses, income, market conditions, and life stages. STEPS TO CALCULATE THE CASH TARGET 1.      Assess Annual Expenses: We start by evaluating our clients' total annual expenses, including lifestyle costs, taxes, insurance, and other financial obligations. 2.      Review Income: Next, we analyze the client's income streams, ensuring we have a clear picture of their financial inflows. 3.      Incorporate Market Outlook: Our Investment Committee routinely evaluates market conditions to adjust the Cash Target Timeframe. This is the recommended duration, in months, for which one should hold enough cash to cover total expenses, tailored to the current economic environment 4.      Calculate the Cash Target: Using a specialized formula, we compute the precise number of months required to cover one’s total expense needs, subtracting regular income received. This Cash Target is based on the client's expenses, income, and the designated Cash Target Timeframe. 5.      Fund the Cash Hub Account: Once the Cash Target is determined, we allocate funds accordingly, so our clients have the necessary cash reserves in place. RETIREMENT INCOME DISTRIBUTION PLANNING The cash hub account is just one small part of our overall distribution planning approach, which you can see below. Our planning team constantly turns these funnels on and off based on our clients’ specific financial situations and life goals. We can make sure we correctly put our clients’ money to work for them while maximizing their tax-saving strategies. CASH - INVEST OR KEEP Understanding the role of cash in retirement is crucial. While investments offer growth potential, cash provides stability and liquidity, acting as a safeguard against market volatility. By maintaining an adequate cash reserve, individuals can avoid the need to sell off investments during market downturns, thus preserving their long-term financial security. REAL-LIFE EXAMPLE Consider Jane Smith, who illustrates the significant impact of having a cash reserve during retirement. By strategically tapping into her cash reserves during market downturns, Jane was able to preserve her IRA balance and substantially enhance her long-term financial outcome. LIFE STAGE CONSIDERATIONS We tailor our cash management approach to different life stages, recognizing that the cash needs of individuals vary depending on whether they're in the accumulation phase, distribution phase, or approaching retirement. ADAPTING TO MARKET CONDITIONS Our Investment Committee remains vigilant, adjusting the number of months for one’s Cash Target in retirement to market highs and downturns. This is crucial when clients rely on their investments for retirement income. In bearish markets, we will draw from cash reserves to avoid liquidating assets during unfavorable conditions, whereas in bullish markets, we rebuild cash reserves to the target. CONCLUSION At Gatewood Wealth Solutions, we believe in empowering our clients with robust retirement income planning strategies. By strategically managing cash reserves and investments, we aim to ensure financial stability and long-term prosperity for all our clients. If you're ready to take control of your retirement finances, we're here to guide you every step of the way. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Aaron Tuttle, CFA®, CFP®, CLU®, ChFC® Chief Executive Officer INTRODUCTION At Gatewood Wealth Solutions (GWS), our journey is defined by more than just financial success—it's about fostering a culture that inspires growth, integrity, and resilience. At GWS, culture isn't just a buzzword—it's the heartbeat of our organization. But how did we arrive at this ethos? Let's take a stroll down memory lane to uncover the origins of our distinctive culture and the birth of the GATORS. Our journey towards cultivating a vibrant and values-driven culture began with the passion and dedication of our founder, John Gatewood. He instilled in us a commitment to excellence, integrity, and continuous improvement. ORIGINS OF THE GATORS Our founder, John Gatewood, had a keen eye for detail and an unwavering commitment to excellence. When he corrected errors or provided guidance, it became known as being "Gatored." This dedication to improvement laid the foundation for our core values, which would later be encapsulated in the acronym GATORS. CRAFTING THE GATORS As the firm's ownership changed hands, there was a collective desire to formalize our values. Thus, the GATORS were born—a set of guiding principles that reflect our commitment to excellence, trust, ownership, resilience, and seeking sustainable solutions. These values aren't just words on a page; they're the fabric of our culture, shaping how we interact with each other and serve our clients. From leadership to frontline, every team member is measured by these values. GROWTH - is on the other side of adversity: Commit to a lifetime of learning and becoming a better version of you, both personally and professionally. Becoming comfortable can lead to complacency, push yourself outside of your comfort zone and embrace change. ATTITUDE - is an expression of your values, beliefs, and expectations. Make it great: Be quick to admit mistakes and take corrective action. Be willing to give and receive positive and constructive feedback. Be responsible for your words and actions. TRUST - is earned over 1,000 actions but lost in 1: How consistently do I keep my promises and act with honesty in all situations. Do I demonstrate reliability over time and am I willing to take responsibility for my actions. Am I transparent with my fellow team members? OWNERSHIP - because you are more than your job title. To the client, you are the company: You are responsible for learning, doing, improving, and advancing your own career. You are responsible to know and follow GWS policies and procedures. No one is above any job, if something needs to be done, do it. Don’t make it someone else’s responsibility. RESILIENCE - never give up! When you fall 7 times, get up 8 times. How effectively do I handle unexpected challenges and maintain a positive outlook? How determined am I to keep trying despite obstacles and failures? SOLUTIONS - not answers: When faced with an obstacle, seek the solution to the problem, not just an answer that provides a temporary resolution. WHY IT MATTERS Our culture isn't just about us—it's about our clients and our team members. For our clients, it means entrusting their financial futures to a team that embodies integrity, resilience, and a relentless pursuit of excellence. For our team members, it means being part of a workplace where they feel valued, empowered, and inspired to make a positive impact. LEARN IT! LIVE IT! DEFEND IT! At GWS, our culture isn't just a set of guidelines—it's a way of life. We breathe life into our values, defending them fiercely and embodying them in everything we do. By embracing the GATORS, we not only create a better workplace but also deliver superior service to our clients. As we continue to uphold the legacy of excellence and integrity that defines Gatewood Wealth Solutions, we invite you to join us on this journey. Learn it. Live it. Defend it. GATOR up!

Christina Shockley, JD, CFP® Partner, Chief Planning Officer & Wealth Advisor INTRODUCTION At Gatewood Wealth Solutions, we prioritize empowering our clients with robust financial strategies, including effective cash management to weather market uncertainties. Understanding the importance of maintaining liquidity during bear markets while remaining confidently invested for the long-term, we review and update cash needs regularly. Here's how we determine appropriate emergency reserves tailored to different life stages using our GWS Rules-of-Thumb: CASH MANAGEMENT: PURSUING STABILITY AMID MARKET FLUCTUATIONS The primary strategy is to maintain sufficient cash reserves for liquidity needs, especially during bear markets. By holding targeted cash reserves during one’s financial journey, individuals can mitigate the risk of selling investments during down markets and remain confidently invested for the long-term. DETERMINING EMERGENCY RESERVES BY LIFE PHASE Emergency reserve targets are based upon an individual's life phase and total monthly expenses. We follow the GWS Rules-of-Thumb below for the number on months’ worth of total household expenses one should keep in cash: o   Life Phase 1 – Early-Career Accumulation (3-6) o   Life Phase 2 – Mid-Career Accumulation (6-18) o   Life Phase 3 – Late-Career Nearing Retirement (12-24) o   Life Phase 4 – Retirement Income Distribution (18 - 30) We then determine one’s near-term lump sum expense needs. These include significant financial commitments, such as making a down payment on a new house, buying a new car, funding a home renovation project, or covering tuition fees for a child's education. CALCULATING THE TOTAL CASH TARGET To determine the total cash target, we assess: Emergency Reserves (3-30 Months’ Expenses – Life Phase Based) +                  Near-Term Lump Sum Expense Need (0-24 Months from Now) =                  TOTAL CASH TARGET CONCLUSION By targeting emergency cash reserves according to your life stage and financial needs, we aim to provide investor confidence during economic uncertainties. Contact Gatewood Wealth Solutions today to explore how we can tailor a cash management plan to align with your specific financial goals and aspirations. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

At Gatewood Wealth Solutions (GWS), we understand that financial planning is more than just numbers on a page; it's the roadmap to your dreams, security, and legacy. It's about the confidence that comes from knowing you're prepared for the future, the excitement of seeing your goals within reach, and the comfort of knowing you're not alone in this journey. At Gatewood Wealth Solutions, we are committed to providing you with the highest level of personalized financial planning services. We believe in building a secure financial future for every client, no matter the size of your investment with us. Why Our Planning is Invaluable: Embarking on the path to financial freedom can be daunting, but with GWS, you're not just getting a service; you're gaining a partnership that cherishes your aspirations as much as you do. We charge a planning fee for accounts under $500,000 because the depth and breadth of our work necessitate it. This fee enables us to dedicate the necessary resources to craft a financial plan as unique as you are, ensuring we can operate at the highest standards of service and expertise. We invest in your future so that you can enjoy the present, secure in the knowledge that every aspect of your financial well-being is being meticulously managed. Our commitment is to provide you with a personalized financial plan that includes retirement planning, insurance management, investment strategy, cash flow optimization, tax efficiency planning, estate planning, education funding, and debt management. These comprehensive services are designed to bring you closer to your financial goals, no matter the complexity of your needs. Client Stories of Success: Gatewood Wealth Solutions was founded in 1981, and since then, we have had the privilege of witnessing numerous success stories by being a steadfast guide and support for our clients during pivotal life events. We have navigated them through both challenging and prosperous times, tackled complexities, simplified matters, and stood by their side during moments of adversity and satisfaction. Please click the link below to see profiles of clients we have served: Who We Serve Investing in Your Financial Success: Our fee structure is designed to reflect the value and expertise we bring to your financial life, especially for clients with account balances under $500,000. We have implemented a financial planning fee which is composed of a $3,000 upfront fee and a $1,500 annual fee for accounts below $200,000, and a $3,000 upfront one-time fee for accounts between $200,001 and $500,000. Here are the key reasons why this fee model is beneficial for you: Comprehensive Planning: We undertake an in-depth analysis of your financial situation, including retirement planning, investment management, and more, to create a plan that is as unique as your fingerprint. Breadth of Expertise: Our team of Certified Financial Planning® professionals and other specialists is equipped to manage complex financial situations, offering advice on tax efficiency planning, estate planning, and other specialized areas. Personalized Attention: Your dedicated Wealth Planner ensures that your individual needs are met with the utmost care and attention. Continual Monitoring and Adjustment: Financial landscapes change, and so do your life circumstances. Our ongoing fee allows us to proactively adjust your financial plan to align with these changes, ensuring you remain on course to achieve your goals. Resource Allocation: The fee ensures that our firm can continue to allocate the necessary resources and tools that facilitate the high-quality services you deserve. A Fair Model: For accounts under $500,000, the cost of providing in-depth financial planning services can exceed the income from typical asset-based advisory fees. Our model allows us to offer these services at a break-even or a mild profit, maintaining the sustainability of our high-caliber advisory service. Your Partner at Every Step: We understand that fees are an important consideration. This is why we want to be upfront about the costs associated with managing your wealth. Your trust in us is paramount, and we strive to ensure that every dollar you invest in our services brings you value, security, and confidence your financial goals and dreams can be realized. Our commitment to your financial well-being is unwavering, and we invite you to discuss with us how our comprehensive advisory services can make a difference in your life. Thank you for your understanding and trust. We are here to help you navigate your financial journey with confidence and clarity.

A personal credit crisis is something many people fear, as it can lead to financial ruin and burden an individual with immense debt. Fortunately, steps can be taken to avoid such a crisis, even for high earners who may seem financially secure. When managed poorly, credit can invite various potential issues, including problems with enforceable legal judgments, fraud, overspending, and negative impacts on your credit score. Here are ten ways high earners can strategically manage their finances. 1. Budget and track expenditures It's essential to maintain a strict budget irrespective of the size of one's income. Uncontrolled spending can lead to incurring a significant amount of debt, which in turn can trigger a credit crisis. High earners should always keep a detailed record of their expenditures to prevent overspending and stay within their budget. 2. Diversify income streams While high earners may seem financially secure, relying on a single source of income can be risky. Diversifying income streams is an effective way to help address financial stability and mitigate a credit crisis by using credit when funds are scarce. If appropriate, consider passive income sources like real estate, stocks, or bonds. 3. Conduct regular financial audits High earners must regularly audit their financial health to check uncontrolled spending, investment performances, and wealth accumulation. High earners must also periodically audit their credit reports to detect any errors or anomalies that could negatively affect their credit scores. In case of discrepancies, it's crucial to initiate a dispute promptly to preserve a favorable credit status. Another aspect of financial audits is monitoring interest rates, which impact the interest rate on credit cards, revolving lines of credit, and some loans that high-earners may carry. The higher the interest rate, the more the credit will cost over time. 4. Avoid unnecessary debts Due to the vast credit card limits that high earners enjoy, using credit cards responsibly is essential. The higher the balance on a credit card, the more adverse the effect on a credit score. High earners should avoid taking on unnecessary debts, which can lead to financial instability and potentially trigger a credit crisis. Avoid debts incurred through credit cards, unsecured loans, and high-risk investments. 5. Maintain an emergency fund An emergency fund can be a safety net to cover unexpected expenses. Emergency funds provide a financial buffer that prevents the need to take on high-interest short-term debt, which could lead to a potential credit crisis. 6. Stay insured Maintaining appropriate insurance policies to protect against unforeseen circumstances that may cause financial hardship is crucial. These include health insurance, disability insurance, liability insurance, property and casualty insurance, and long-term care insurance to protect assets against unforeseen legal judgments or collections. 7. Engage in Financial Education High earners should continuously educate themselves about personal finance, investment strategies, tax laws, and other relevant topics to make informed financial decisions and prevent financial mishaps that could lead to a credit crisis. 8. Hire a financial professional A financial professional can provide professional guidance on managing wealth and debt, tax planning, retirement planning, and other financial aspects. They will provide valuable advice and strategies to help high-earners work toward their goals while addressing credit issues. 9. Protect against fraud Due to their wealth, high earners can be attractive targets for scammers. Therefore, preventing fraud by regularly checking credit reports, safeguarding personal information, and setting up fraud alerts on credit and bank accounts is crucial. 10. Save for retirement High earnings do not guarantee a financially confident retirement. Therefore, it is essential that high-earners consistently save and invest for retirement, regardless of their current income level. Without financial confidence, high-earners may resort to credit use during retirement, which could lead to financial insecurity later in life. Financial independence for high earners is about earning a high income and managing it responsibly. These preventive measures can help high earners manage their wealth and credit, maintain a positive credit score, and help mitigate a credit crisis. Important Disclosures: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This article was prepared by Fresh Finance LPL Tracking #527484

As Samuel Goldwyn once said, "The harder I work…the luckier I get!" 1 But when it comes to investing, luck may play a huge role in outcomes—no matter how hard you work.2 Below, we discuss some ways that luck may impact your investing, as well as some steps you may wish to take to try to make your own good luck this St. Patrick's Day. The Impact of Luck on Investment Returns One reason so many financial professionals advise against market timing for long-term investors involves the distribution of days with major gains and days with major losses. Historically, and particularly seen during the earliest days of the COVID-19 pandemic, some of the market's best days were followed by some of its worst, and vice versa.3 Trying to sell at the top and buy at the bottom may require a great deal of luck. You may need to trust that a day with a 2 or 3 percent loss may not be immediately followed by a day with a 2 or 3 percent gain. However, over the course of a long investing horizon, these single-digit gains and dips aren't likely to have a major impact unless you make a habit of buying and selling during volatile periods. Focus On Process, Not Prior Results How can you take advantage of good luck and avoid the impact of bad luck when choosing your investments? The answer may be complicated and may depend on your personal circumstances. However, by focusing on the investment process—rather than chasing returns by buying into funds that have recently had a good run—you may be more likely to pick a future winner. Having a solid process may increase your probability of investment success over time. With your financial professional, consider focusing on these three steps: Discuss your financial professional's analytical process. How does your financial professional choose funds? How does he or she know whether it's time to dump underperforming funds or stick around for a future rally? By having some insight into the process your financial professional uses to choose their investments, you may determine whether this approach fits your risk tolerance and desired asset allocation. Ask whether this process is designed to manage and mitigate some of the behavioral biases that may send investments off-course. Some of these biases include overconfidence, sunk cost fallacy, and anchoring of sources. Ensure that your financial professional is reading and absorbing information from a variety of solid sources. Once an investment or set of investments has been chosen, evaluate it with an eye toward its end user. Is this investment intended to provide high commissions that enrich the investment company more than the shareholders? Or does it provide an excess return that more than accounts for its fees? Compare the investments to their benchmarks to see how they've performed over the years. Sifting through which successes are attributable to luck and which to skill may be tricky. But by firming up your investment selection process, you may improve your own luck and increase your likelihood of success. Important Disclosures: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. Asset allocation does not ensure a profit or protect against a loss. Past performance is no guarantee of future results. All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy. This article was prepared by WriterAccess LPL Tracking # 1-05233581 1 https://alwaystheholidays.com/st-patricks-day-quotes/ 2 https://medium.com/alpha-beta-blog/luck-vs-skill-a52c5ab62b9d 3 https://www.foxbusiness.com/markets/the-dows-biggest-single-day-drops-in-history

Regardless of the stage of life, your credit score is an essential component of your financial health when you're in retirement. A consistently strong credit score can pave the way for greater confidence, easy loan access, and lower interest rates. Many retirees overlook the importance of maintaining a suitable credit score after they stop working or that credit scores lose relevance in retirement. Yet, nothing could be further from the truth. Here's a detailed look at why your credit score matters in retirement. To Maintain Your Ability to Seek Credit Retirement does not equate to financial inactivity. Even though you may no longer earn a regular paycheck, you may still engage in financial transactions requiring a credit check. For instance, if you plan to refinance your mortgage to a lower rate, lenders may consider your credit score part of the qualification process. If your score is low, you might be denied the mortgage or offered a higher interest rate mortgage. To Find Housing In addition, retirees often consider downsizing their homes, moving to senior living communities, or relocating to different states or countries. Any of these scenarios might necessitate applying for a new mortgage, a process that, once again, requires a solid credit score. Additionally, vacation home landlords often conduct credit checks before renting their property. A poor credit score can limit your options or cause you to lose out on your preferred vacation destination property. Money for emergencies Another reason your credit score matters in retirement is the possibility of unexpected expenses. Life is inherently unpredictable, and even in retirement, unforeseen costs can arise. These costs could be due to health complications, housing repairs, or helping a family member financially. In line with these circumstances, having good credit can make borrowing money more accessible. New Opportunities Retirees may also want to explore new ventures, like starting a business. Credit scores significantly impact the credit terms under which one can borrow capital to launch a business. An excellent credit score can make acquiring a loan less costly and more accessible. On the contrary, a low credit score could lead to onerous loan terms or a loan denial. Suitable Insurance Rates Furthermore, some insurance companies use credit-based insurance scores to determine risk factors and premiums for auto and homeowner's insurance policies. A poor credit score might cause retirees to pay a higher premium or, worse still, reject their policy application outright. Tip to Maintain Good Credit A good credit score is essential to your overall financial health. Lenders, landlords, utility companies, and insurance companies use credit scores to evaluate your reliability. Here are some tips retirees can use to help maintain good credit. Tip #1- Pay bills on time. The first and most significant tip for maintaining good credit is ensuring your bills are paid on time. Delayed or missed payments can negatively affect your credit score. Tip #2- Maintain low or no credit card balances. The proverb "the less, the better" holds significance regarding credit card balances. Keeping your credit card balances low and not revolving is essential, and a lower percentage of credit use (below 30%) is positive. Maxing out your credit cards or maintaining high balances can negatively impact your credit. Tip #3- Open new credit accounts only as needed. While having a mix of credit types – such as credit cards, car loans, or mortgages – can help your credit score, it's important not to open too many accounts in a short period. Tip #4- Regularly check your credit reports. Proactive credit report monitoring is vital, especially regarding credit scores. Regular credit report checks are instrumental in maintaining good credit. It helps to promptly identify any inaccuracies or fraud that could harm your credit. Tip #5- Keep old credit accounts open. The length of your credit history is another factor influencing your credit score. If you close an old credit account, you shorten your credit history, which could hurt your score. Tip #6- Negotiate with creditors if necessary. If you've missed payments and your credit score has taken a negative turn, contact your creditors and negotiate to remove the negative information. Tip #7- Diversify your credit. Having a diversity of credit types, such as a mix of installment loans, retail accounts, credit cards, and mortgage loans – can positively impact your credit score. Credit diversity demonstrates to potential creditors that you can responsibly handle different types of credit. Tip #8- Seek professional help. If you are overwhelmed with managing credit or have already slipped into a bad credit score, seeking professional help could be appropriate. Credit counseling agencies can provide invaluable assistance in rebuilding your credit score. Your financial professional can also be a source of help in providing recommendations based on your situation. In conclusion, maintaining a suitable credit score is indispensable in your financial life, even throughout retirement. Retirees must focus on maintaining an excellent credit score to provide them with financial independence in their golden years. Important Disclosures: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy. This article was prepared by Fresh Finance. LPL Tracking #527484 Sources: https://www.aarp.org/money/credit-loans-debt/info-2022/retirement-and-your-credit-score.html https://www.credit.com/blog/credit-score-during-retirement/

Financial responsibility isn’t always easy to learn, but it’s an essential part of taking control of your finances and using your income to its fullest. This responsibility can lead to better spending tendencies that can, in turn, help you pay off your debts faster and build up savings to protect you in the future. So if you’ve struggled to stay on top of your spending, here are a few key ways you can adjust your habits and mindset to better meet your financial goals. Create and stick to a realistic budget Budgeting is a great first step toward managing your finances. In fact, according to a survey conducted by the Certified Financial Planner Board, people who budget feel more financially secure and confident than those who don’t. When you budget, you’re being strategic with your spending and controlling where your money goes each month. Budgeting strategies like the 50/30/20 method—where 50 percent of your income goes toward necessary living expenses, 30 percent is spent on your additional wants like eating out and entertainment, and 20 percent is put directly into savings—can help you create a realistic budget and become more financially responsible and secure. Keep all your monthly expenses in one place It’s essential to know what bills you must pay each month and when they’re due since missing one can hurt your credit score and end up costing you more money. It’s a good idea to have a spreadsheet that lists all your recurring expenses and their due dates. If spreadsheets aren’t your thing, you can instead use an app like Mint or even just make a note on your phone to better track your recurring expenses. It’s also important to automate your payments so you won’t have to actively think about them. Whatever method you opt for, tracking bills and expenses can help you keep up with your spending and give you an idea of how much will be coming out of your account and when. Start giving yourself a weekly allowance Many people receive an allowance growing up, but this tends to stop when you’re an adult and start earning a paycheck. However, setting up a weekly spending allowance for yourself can help you cut back on excess spending. You can set aside cash for each week or simply have a set number in mind to put on your debit or credit card. Either way, an allowance shows you how much money to dedicate to lunches, coffee, home goods, and anything else that you might want to buy in a given week. Having a specific number helps you to say no to that extra dinner out and instead save money by making something at home. Consider saving as a payment to yourself Setting aside a specific portion of your income each month can help you save for an upcoming trip, additional spending during the holidays, or emergency expenses. Putting money directly into your savings can give you a sense of security, so look at it as a payment to your future self. You’re preventing potential headaches down the road when it comes time to spend extra money on something, and you’ll be grateful that you had the forethought to put money away when you did. Plan for larger purchases Before making an expensive purchase, be it for a new piece of furniture or a nice outfit, it’s important to think it through. You don’t want to make a rash decision, especially if the item far exceeds what you’re used to spending. Give yourself some time to consider the purchase and plan out how you’re going to save for it. You can set aside money every paycheck for the item, allocate funds outside of your usual savings, or, if you’re dipping into your savings, check to make sure the purchase won’t bring the total amount too low for comfort. Taking control of your spending is about being strategic with your purchases and giving big expenses more consideration than you may have in the past. Pay off your credit cards every month Credit cards can be a great financial tool to have, but paying off the full balance every month is an important part of being more financially responsible. Just as important, they often have high interest rates that can significantly increase your debt if you don’t pay the entire balance—so it’s important to manage them the best you can. If you find that you can’t pay the full amount each month, consider adjusting your spending habits. Instead of picking up coffee every morning, eating all your lunches out, or adding a new item to your virtual cart every day, you can save money by making your own coffee and lunches and cutting back on your online shopping. These expenses may not seem like a lot in the moment, but they can quickly add up and create a high monthly balance that isn’t always easy to pay in full. Regularly review your spending To make sure that you’re continuing to stay on top of your finances, you want to regularly review your spending. Look at your credit card statements and your savings and checking accounts, and see what you are spending your income on each month. Carefully reviewing your accounts can help you better understand your financial habits and see where perhaps you’re spending too much and need to cut back. It’s simply a way to hold yourself accountable, allowing you to adjust your spending accordingly. By taking a few easy steps to better control your spending, you can manage your finances and become more financially secure. This article was prepared by ReminderMedia. LPL Tracking #1-05370392