For many investors, real estate is a cornerstone of building wealth. It provides potential appreciation, steady rental income, and diversification outside of traditional stock and bond markets. But when it comes to retirement accounts like IRAs, directly owning physical real estate often creates more headaches than benefits. Before we dive into why, let’s acknowledge what makes real estate powerful in the first place. The Power of Real Estate Ownership Real estate can be a highly effective wealth-building tool for several reasons: Cash Flow:  Rental income can provide steady, inflation-resistant income streams. Appreciation:  Over time, real estate has the potential to grow in value, helping build equity. Leverage:  Mortgages allow investors to control a larger asset with less upfront capital, magnifying returns when property values rise. Tangible Asset:  Unlike stocks and bonds, real estate is a physical asset with intrinsic utility. And perhaps most importantly— Real Estate’s Tax Efficiencies Owning real estate personally comes with powerful tax benefits: Depreciation deductions  can offset rental income. Mortgage interest and expense deductions  reduce taxable income. 1031 exchanges  allow you to defer capital gains by rolling proceeds into another investment property. Step-up in basis  at death can potentially eliminate capital gains for heirs. These advantages are a big part of why real estate has historically played such a strong role in wealth creation. Unfortunately, many of them don’t apply when real estate is owned inside an IRA. Why Real Estate in IRAs Often Falls Short 1. Strict IRS Rules and Penalties If you personally benefit from the property—by staying in it, renting it to a family member, or even performing maintenance—you could trigger a prohibited transaction. That mistake may cause the entire IRA to become immediately taxable, along with penalties. 2. Limited Access to Cash Flow Rental income must remain in the IRA. You cannot use it until you take distributions, and distributions may be taxable. If you hoped for current income, this structure doesn’t help. 3. Maintenance and Liquidity Issues All expenses must be paid from IRA funds. If the account doesn’t have enough cash, you may be forced to sell the property or scramble for contributions, which are subject to annual limits. 4. Loss of Tax Benefits The biggest drawback: none of the powerful tax benefits mentioned earlier apply. Depreciation deductions, 1031 exchanges, and other strategies are off the table. You only get the IRA’s tax treatment, which may not be as advantageous for real estate. 5. UBIT Exposure If leverage is used, income and gains may be subject to Unrelated Business Income Tax (UBIT), creating unexpected bills inside your IRA. 6. Concentration Risk Tying up retirement savings in one illiquid property can reduce flexibility, especially when required minimum distributions (RMDs) begin. Conflicts of Interest with Advisors Recommending Physical Real Estate in IRAs When an advisor recommends holding physical real estate inside an IRA, there are several possible conflicts of interest that investors should be aware of: Custodian and Administrative Fees Real estate held in a self-directed IRA requires a specialized custodian. These custodians often charge higher annual fees, transaction fees, and property management processing fees. An advisor recommending this path may indirectly benefit if they are affiliated with or compensated by the custodian. Commission Structures Unlike fee-only fiduciary advisors, some advisors or salespeople are compensated through commissions tied to the setup of self-directed IRA accounts or the purchase of specific real estate investments. This creates a conflict where the recommendation may be driven by compensation rather than client benefit. Product Placement Incentives Some real estate promoters package properties specifically for IRA investors. Advisors associated with these programs may earn referral fees, marketing allowances, or other incentives that influence their advice. Complexity as a Barrier Physical real estate in an IRA is complicated. If an advisor downplays the risks—such as prohibited transactions, UBIT exposure, or liquidity problems—they may be prioritizing a transaction over your best interest. Diversification Concerns Advisors recommending a large, illiquid real estate investment inside an IRA may knowingly allow a client’s portfolio to become concentrated in a single asset class. That can undermine the retirement account’s role as a diversified savings vehicle. The Fiduciary Standard Matters Fee-only fiduciary advisors are legally obligated to put clients’ interests first. That means disclosing potential conflicts, explaining the risks clearly, and showing how a recommendation aligns with the client’s goals. If an advisor suggests holding physical real estate in your IRA, it’s worth asking: How are you compensated for this recommendation? Are there alternatives that achieve my goals with fewer restrictions or risks? What are the ongoing costs of administration, and who benefits from them? The Bottom Line Real estate is a proven wealth-builder, thanks to its income potential, appreciation, and tax efficiencies. But those benefits largely disappear inside an IRA, while new risks and compliance issues are introduced. For most investors, it makes more sense to hold real estate outside of retirement accounts, where you can use the full suite of tax advantages. Inside IRAs, more traditional investments—like REITs or funds that provide real estate exposure—may offer a simpler, more liquid way to diversify your portfolio. About Rigden Capital Strategies Rigden Capital Strategies was born out of a simple but powerful idea: financial advice should be personal, transparent, and built around your goals—not generic solutions or product-driven sales. Fueled by decades of experience and a desire to see clients truly succeed, we’ve created a process rooted in value, integrity, and progress. As a fee-only fiduciary, we offer dynamic, stress-tested wealth plans tailored to your life. Our expertise spans investment management, retirement and tax planning, and estate guidance—blending active and passive strategies to help your portfolio through any market. We believe in real relationships, clear strategies, and long-term results. Your goals, our strategies. Together, let’s make your goals happen. Disclaimer:  This post is for educational purposes only and is not intended as tax or investment advice. Investors should consult with a qualified financial planner or tax professional before making decisions about retirement accounts and real estate.

As an investment advisory firm, we are always keeping a close eye on economic indicators that can impact your portfolio. The latest labor market data, hot off the press from August 2025, paints a sobering picture that demands our attention. Federal Reserve Chair Jerome Powell’s recent focus on the labor side of the Fed’s dual mandate—price stability and maximum employment—has been validated by this data. Let’s break down the key takeaways, what they mean for markets, and how you can position your investments in this environment. The Big Picture: A Cooling Labor Market The August jobs report was a stark reminder that the labor market is losing steam. Nonfarm payrolls added just 22,000 jobs, missing the consensus estimate of 75,000 by a wide margin. Private payrolls weren’t much better, growing by only 38,000 against the same 75,000 expectation. Revisions to prior months shaved off 21,000 jobs, pushing June into negative territory with a loss of 13,000 jobs—the first outright contraction since December 2020. The three-month average for both total and private payrolls growth is now a meager 29,000, signaling a significant slowdown. Nominal aggregate incomes are growing at a sluggish 2.4% annualized pace over the past three months, with flat hours worked and a modest 0.3% rise in average hourly earnings. This anemic income growth points to weaker consumer spending power, which could ripple through the economy. The Household Survey offered a slightly brighter note, with the labor force growing after three months of contraction and employment rising by 288,000. However, this follows a 260,000 drop in July, so the net gain is less impressive. Labor force participation and prime-age employment rates ticked up, but the headline U-3 unemployment rate climbed to a new cycle high of 4.32%, up nearly 8 basis points. The broader U-6 underemployment rate, which includes part-time and marginally attached workers, jumped 20 basis points to 8.1%, also a cycle high. Digging Deeper: Warning Signs Abound The data reveals a labor market stuck in stasis, with mounting signs of deterioration. Job creation is narrowing, driven almost entirely by acyclical sectors like healthcare and social assistance. Cyclical sectors—manufacturing, construction, and trucking—are shedding jobs, losing an average of 14,000 jobs per month over the past three months. Construction employment alone fell by 7,000 in August, and with homebuilding activity slowing, further declines are likely. Other red flags are piling up: Native-born and college-educated unemployment rates  are near cycle highs. The Conference Board’s labor market differential  hit a new cycle low, reflecting worsening perceptions of job availability. NFIB respondents  increasingly cite poor sales as their top concern, hitting a cycle high. A growing number of workers report zero wage growth , and those not in the labor force but wanting to work have surged to new cycle highs. JOLTS job openings  dropped to their second-lowest level since 2021, with the ratio of openings to unemployed workers falling below 1 for the first time since early 2021. Healthcare job openings , a key driver of payroll growth, plummeted to their lowest since 2020, and hours worked in the sector hit a record low. These trends suggest that the unemployment rate may be understating the true extent of labor market slack. Layoffs, while still low, are creeping higher, and quit rates in construction have crashed to 2009 levels. The ISM manufacturing PMI’s employment index remains in contraction, and the Beige Book reported stagnant activity and employment levels in August. What’s Driving This? Not Just Immigration Some have pointed to immigration dynamics to explain the labor market’s struggles, but the August data shows little evidence of this. The native-born unemployment rate, college-educated unemployment, and other metrics are deteriorating independently of immigration effects. The labor market’s challenges are rooted in softening demand and a buildup of slack, not just supply-side factors. The Fed’s Response: A September Cut Is Certain The Federal Reserve is paying close attention. A rate cut at the September FOMC meeting is a done deal, with even hawkish members aligning with the need for easing. The debate now centers on the size of the cut—25 or 50 basis points. While doves may push for a larger 50-basis-point cut given the labor market’s trajectory, hawks, still focused on inflation, may resist. However, the data suggests a more aggressive response is warranted. Governor Waller has warned of a potential “non-linear deterioration” in the labor market, and Powell appears to be taking this seriously. The market-implied terminal rate—the expected endpoint of the Fed’s policy rate—has been trending lower, reflecting growing concerns about economic weakness. This isn’t the benign cooling we saw last year, driven by labor supply improvements. Instead, it’s a more concerning demand-driven slowdown, increasing the risk of a sharper economic downturn. Implications for Investors Equity markets have been resilient, interpreting weak data as a signal for more rate cuts, which historically support risk assets. However, this time feels different. Last year’s proactive cuts supported markets as the labor market cooled gradually. This year’s cuts appear more reactive, responding to mounting downside risks. Reactive cuts are less bullish for equities, especially if economic weakness accelerates. That said, the “Powell Put”—the Fed’s commitment to support the labor market—remains in play. Any significant market weakness is likely to be shallow and short-lived, as the Fed prioritizes employment. This creates opportunities for investors to lean into equities, particularly cyclical and growth stocks, during periods of weakness. Start preparing your shopping list for potential dips. Looking Ahead: Benchmark Revisions and Beyond On Tuesday, we’ll get the preliminary benchmark revisions for the Establishment Survey, which adjust employment estimates based on state unemployment insurance data for the year ending March 2025. Last year’s revisions were negative, and many expect the same this time. However, these revisions won’t tell us much we don’t already know. The labor market is cooling, payroll growth is slowing, and slack is building. The revisions are backward-looking and won’t change the forward-looking risks. Positioning Your Portfolio As an investment advisor, my advice is to stay vigilant but not overly bearish. The labor market’s slowdown increases the likelihood of rate cuts, which can support equities in the short term. However, the risk of a “growth startle”—a sudden market reaction to worsening economic data—is rising. Here’s how to position your portfolio: Stay diversified : Balance exposure to cyclical sectors (e.g., industrials, materials) with defensive sectors (e.g., healthcare, utilities). Monitor opportunities : Be ready to buy into market dips, particularly in growth and cyclical stocks, as the Fed’s labor-focused policy should limit downside. Watch for tariff impacts : Rising tariffs could pressure inflation and corporate margins, further weakening labor demand. Keep an eye on consumer staples and discretionary sectors. Income focus : With nominal income growth slowing, prioritize investments with stable cash flows, such as dividend-paying stocks or high-quality bonds. Final Thoughts The August jobs report confirms that the labor market is cooling, with mounting risks of a sharper slowdown. While the Fed is poised to act, the nature of this easing cycle—reactive rather than proactive—suggests a bumpier road for risk assets. However, the Powell Put provides a safety net, making significant downturns a potential buying opportunity. Stay informed, stay diversified, and be ready to act when the market presents opportunities. As always, we are here to help you navigate these shifts and keep your financial goals on track.   About Rigden Capital Strategies Rigden Capital Strategies was born out of a simple but powerful idea: financial advice should be personal, transparent, and built around your goals—not generic solutions or product-driven sales. Fueled by decades of experience and a desire to see clients truly succeed, we’ve created a process rooted in value, integrity, and progress. As a fee-only fiduciary, we offer dynamic, stress-tested wealth plans tailored to your life. Our expertise spans investment management, retirement and tax planning, and estate guidance—blending active and passive strategies to help your portfolio through any market. We believe in real relationships, clear strategies, and long-term results. Your goals, our strategies. Together, let’s make your goals happen. Disclaimer:  This post is for educational purposes only and is not intended as tax or investment advice. Investors should consult with a qualified financial planner or tax professional before making decisions about retirement accounts and real estate.

For many business owners, the enterprise itself represents the majority of personal net worth. While reinvesting profits can drive growth, concentrating wealth in a single asset—especially one tied to operational risk—can expose owners to volatility, liquidity constraints, and succession uncertainty. Diversifying personal wealth beyond the business may help reduce risk and support long-term financial independence and legacy goals. Diversification: Why and how to do it. Why Diversification Matters Entrepreneurs often delay personal wealth planning, assuming the eventual sale or transition of their business will fund retirement or generational wealth. However, market conditions, valuation challenges, and timing risks can disrupt even the most well-intentioned exit strategies. A diversified portfolio provides stability, flexibility, and control—regardless of business performance. Key Benefits: Risk Reduction : Spreads exposure across asset classes, reducing reliance on a single business outcome. Liquidity Access : Enables owners to meet personal financial goals without drawing from business reserves. Tax Efficiency : Strategic asset placement can minimize tax drag and optimize after-tax returns. Estate Planning Alignment : Supports multi-generational wealth transfer independent of business succession. Diversification Strategies for Business Owners Effective diversification requires more than purchasing stocks—it involves building a coordinated portfolio aligned with personal goals, risk tolerance, and business exposure. Strategy Purpose Considerations Public Market Investments Growth and income through equities and bonds Tax location, volatility, and time horizon Private Equity & Debt Access to non-public companies and credit Illiquidity risk, accreditation requirements Real Assets Inflation hedge and income generation Includes real estate, infrastructure, farmland Structured Products & Derivatives Risk management and enhanced yield Requires advanced planning and oversight Tax-Advantaged Retirement Plans Long-term wealth accumulation Solo 401(k), SEP IRA, Defined Benefit Plans Note: Investment suitability depends on individual financial circumstances and regulatory eligibility. Coordinating Business and Personal Wealth Diversification should not occur in isolation. Our advisors help clients integrate personal investment strategies with business planning to ensure consistency and efficiency across both domains. Entity Structuring : Aligning business structure with personal tax strategy Liquidity Event Planning : Preparing for sale or transition with minimal tax impact Insurance Optimization : Protecting both business and personal assets Legacy Design : Coordinating trusts, charitable giving, and estate plans Our Approach At Rigden Capital Strategies, we specialize in helping business owners build resilient personal wealth strategies that complement their entrepreneurial journey. Our process includes: Comprehensive financial discovery and goal mapping Customized portfolio construction across public and private markets Tax coordination with your CPA or legal team Ongoing monitoring and rebalancing to reflect changing priorities Fee-Only, Independent, and Fiduciaries. Take the Next Step If your personal wealth is still tethered to your business, it’s time to explore a broader strategy. Diversification is not about abandoning your enterprise—it’s about protecting what you’ve built and ensuring it serves your long-term vision. Schedule a confidential consultation today to discuss how our wealth management process may support your diversification strategy . Your goals, our strategies. Together, let’s make your goals happen. Rigden Capital Strategies is a trusted partner for individuals seeking wealth management and financial planning. Our fee-only fiduciary approach ensures that every recommendation is made with our clients' best interests in mind. We develop customized financial plans, combining strategic investment management with proactive tax and retirement planning to help clients achieve their long-term financial goals. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions. Check out our other insights at https://www.rigdencapital.com/blog .

Insurance plays a central role in protecting your financial well-being. While investments and savings help you grow wealth, insurance safeguards it from unexpected events. But how often should you review your policies? Which types of insurance are essential—and which might be unnecessary? How Often to Review Insurance Policies Life doesn’t stand still—and neither should your insurance coverage. A good rule of thumb is to  review your policies annually  and anytime you experience a major life event, such as: Marriage or divorce Buying or selling a home Having a child or adopting Career changes or retirement Significant changes in health or income Annual reviews help ensure your coverage still aligns with your financial goals and protects your family in a cost-effective way. Core Insurance for a Healthy Financial Plan Certain types of insurance form the foundation of a strong financial plan: 1.  Health Insurance Health coverage is non-negotiable. Unexpected medical bills can derail even the best-laid financial plans. Whether through your employer, Medicare, or the marketplace, maintaining adequate health insurance is critical. 2.  Life Insurance If others depend on your income, life insurance helps ensure they’ll be financially protected if something happens to you. Term life insurance is often a cost-effective way to provide coverage during working and family-raising years. 3.  Disability Insurance Your income is one of your most valuable assets. Disability insurance protects it if an illness or injury prevents you from working. Short-term and long-term coverage can be essential, especially during peak earning years. 4.  Homeowners or Renters Insurance Your home and possessions represent significant investments. Homeowners (or renters) insurance protects against loss, theft, or damage and often provides liability protection as well. 5.  Auto Insurance Required by law in most states, auto insurance protects both your vehicle and liability if you’re involved in an accident. 6.  Umbrella Insurance Umbrella coverage provides an extra layer of liability protection beyond your homeowners and auto policies. It’s often inexpensive and especially important for high-net-worth individuals. 7.  Long-Term Care Insurance As healthcare costs rise, long-term care insurance can help cover expenses for nursing homes, assisted living, or in-home care. This is especially relevant for retirees concerned about preserving assets. Types of Insurance You Might Not Need Not all insurance products are worth the cost. Some are often redundant, overpriced, or provide limited value: Extended Warranties:  Typically unnecessary, as many products already come with manufacturer protection. Flight Insurance:  Duplicates coverage often provided by life insurance and credit cards. Credit Card Protection Insurance:  Expensive for the benefits provided; most credit card companies already cover fraudulent activity. Pet Insurance:  Useful in some cases, but often better to build a savings fund for pet-related expenses. Mortgage Insurance (PMI):  Instead of relying on private mortgage insurance, building a larger down payment may be more cost-effective. The Bottom Line Insurance isn’t just about policies—it’s about protecting your financial security. By reviewing your coverage annually and after major life events, you’ll ensure your protection keeps pace with your changing needs. Focus on the core policies that protect health, income, property, and family. Be cautious with add-ons and niche products that may offer little real value. A well-structured insurance plan is one of the cornerstones of long-term financial health. Rigden Capital Strategies was founded on a simple belief: financial advice should be personal, transparent, and centered around your goals—not built on generic models or product-driven sales. With decades of combined industry experience, we’ve developed a process grounded in three core values: value, integrity, and progress. As a fee-only fiduciary, we provide personalized, goals-based wealth planning services designed to adapt with your life. Our services include investment management, retirement and tax planning, and estate coordination. We use a mix of active and passive strategies to help clients navigate market changes with clarity and confidence. We believe in building real relationships and delivering clear, actionable strategies—focused on long-term planning and aligned with your objectives. Your goals, our strategies. Together, let’s make your goals happen. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions.

In early 2025, the “One Big Beautiful Bill” (OBBB) introduced a brand-new program designed to give children a financial head start:  Trump Accounts for Kids . While the name comes from President Donald Trump, the legislation was ultimately championed by Senator Ted Cruz (R–Texas) and gained bipartisan attention for its similarities to “baby bond” proposals seen in past years. The idea is simple—help American children begin life with an investment account that grows alongside them, fueled by both government and family support. Think of it as a blend between a  529 college savings plan  and a  retirement account but with liquidity at age 30. Key Features of Trump Accounts 1. Initial Deposit Every eligible child receives a $1,000 “seed” deposit from the federal government. 2. Eligibility Children born between  January 1, 2025, and December 31, 2028  qualify for the program. 3. Annual Contributions Parents, relatives, or even employers can contribute up to  $5,000 annually  (indexed for inflation) into a child’s account. 4. Investment Strategy Funds are invested in a  low-cost index fund  tracking the overall U.S. stock market—keeping it simple, broad, and growth-oriented. 5. Tax Benefits Earnings grow  tax-deferred , giving families a long-term advantage similar to retirement accounts. 6. Withdrawal Rules Age 18 : Access to half the portfolio’s value. Age 25 : Access to the full account balance for qualified purposes (higher education, starting a business, etc.). Age 30 : Complete control of the funds with no restrictions. Why It Matters The program is designed to highlight the  power of compounding . By starting with $1,000 at birth—and allowing families to add contributions each year—the account can grow substantially over decades. Even relatively modest deposits could give young adults a strong financial foundation for college, entrepreneurship, or other major life steps. The initiative reflects a growing consensus in Washington: children and young adults face rising costs for education, housing, and business opportunities, and early financial support may help bridge that gap. The Legislative Context The program was originally floated by Donald Trump during his campaign and folded into the  One Big Beautiful Bill , signed into law in 2025. According to a White House statement, the accounts are meant to help children  “experience the miracle of compounded growth and set them on a course for prosperity.” While politically branded, the policy resembles Democratic-backed “baby bonds,” showing how the idea of children’s savings accounts has gained traction across the aisle. What Families Should Know For parents of children born between 2025 and 2028, this program may become a central tool in their long-term planning. Much like 529 plans or Roth IRAs, Trump Accounts introduce another tax-advantaged bucket for families to use. Whether you choose to contribute the maximum each year or just let the government’s seed money grow, these accounts could play a meaningful role in shaping your child’s financial future. Next Step:  If you have questions about how Trump Accounts fit alongside 529 plans, custodial accounts, or other long-term planning strategies, working with a qualified financial advisor can help you decide how best to integrate them into your family’s financial picture. https://www.rigdencapital.com/ About Rigden Capital Strategies Rigden Capital Strategies was born out of a simple but powerful idea: financial advice should be personal, transparent, and built around your goals—not generic solutions or product-driven sales. Fueled by decades of experience and a desire to see clients truly succeed, we’ve created a process rooted in value, integrity, and progress. As a fee-only fiduciary, we offer dynamic, stress-tested wealth plans tailored to your life. Our expertise spans investment management, retirement and tax planning, and estate guidance—blending active and passive strategies to help your portfolio through any market. We believe in real relationships, clear strategies, and long-term results. Your goals, our strategies. Together, let’s make your goals happen. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions.

In today’s unpredictable economic landscape, business owners face a unique set of financial challenges—from market volatility and regulatory shifts to operational disruptions and succession complexities. Establishing a financial safety net is not just a precaution; it’s a strategic imperative for preserving business continuity, protecting personal wealth, and positioning for long-term growth. Building a financial safety net: How small businesses can secure their future Why a Financial Safety Net Matters A well-structured financial safety net provides liquidity, flexibility, and resilience. It enables business owners to navigate downturns, seize opportunities, and maintain confidence in their long-term financial strategy. Core Benefits: Emergency Liquidity : Access to capital during unexpected events such as revenue shortfalls or equipment failures. Risk Mitigation : Protection against liability, loss of key personnel, or market disruptions. Tax Efficiency : Strategic planning can reduce taxable income and preserve capital. Succession Readiness : Ensures continuity in ownership and operations during transitions. Key Components of a Financial Safety Net Building a robust safety net involves more than setting aside cash—it requires a coordinated strategy across savings, insurance, credit access, and investment planning. Component Purpose Strategic Considerations Emergency Fund Covers 3–6 months of operating expenses Held in high-yield business savings accounts Business Insurance Protects against liability and disruption Includes general liability, key person, and cyber Credit Access Provides flexible funding options Establish lines of credit before they’re needed Diversified Income Reduces reliance on single revenue stream Explore digital products, partnerships, or new markets Retirement Planning Secures long-term personal wealth SEP IRAs, Solo 401(k)s, and Defined Benefit Plans Tax-Advantaged Strategies for Business Owners Integrating tax planning into your safety net strategy may unlock significant savings and improve cash flow. Our advisors help identify opportunities such as: Entity Optimization : Choosing the right business structure to reduce self-employment taxes and maximize deductions. Retirement Contributions : Leveraging high-limit plans to defer income and build retirement assets. Insurance Premium Deductions : Structuring coverage to qualify for business expense treatment. How Our Firm Supports Business Owners Our wealth management team specializes in guiding business owners through the complexities of financial planning with a focus on: Customized Safety Net Design : Tailored to your industry, revenue model, and risk profile. Integrated Tax Planning : Collaboration with your CPA to align financial and tax strategies. Succession & Exit Planning : Preparing for ownership transitions with minimal disruption. Ongoing Monitoring : Adjusting strategies as your business evolves and market conditions shift. Take the Next Step Creating a financial safety net is not a one-time task—it’s an ongoing commitment to protecting what you’ve built. Whether you're preparing for growth, planning for retirement, or simply seeking peace of mind, our team is here to help you build a resilient financial foundation. Schedule a confidential consultation today to explore how our wealth management strategies can support your business and personal financial goals. Your goals, our strategies. Together, let’s make your goals happen. Rigden Capital Strategies is a trusted partner for individuals seeking wealth management and financial planning. Our fee-only fiduciary approach ensures that every recommendation is made with our clients' best interests in mind. We develop customized financial plans, combining strategic investment management with proactive tax and retirement planning to help clients achieve their long-term financial goals. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions. Check out our other insights at https://www.rigdencapital.com/blog .

We are writing to provide you with a comprehensive update following Federal Reserve Chair Jerome Powell’s recent address at the Jackson Hole symposium. This annual event is a critical moment for gauging the Fed’s perspective on the economy, and this year’s speech was particularly significant given rising concerns about labor market conditions and tariff-induced inflationary pressures. Powell’s remarks signaled a likely shift toward monetary easing, potentially starting with a rate cut in September, while emphasizing a cautious, data-driven approach to balancing the Fed’s dual mandate of price stability and maximum employment. Key Highlights from Powell’s Speech Labor Market Dynamics : Powell noted a marked slowdown in both labor supply and demand, describing the labor market as being in a “curious kind of balance.” While still near maximum employment, the softening conditions suggest increasing downside risks, such as potential spikes in layoffs or rising unemployment. He highlighted that the “breakeven” rate of job creation needed to maintain stable unemployment has sharply declined. Inflation and Tariffs : Tariff-related price increases are already impacting consumer prices, with effects expected to continue over the coming months. However, Powell views these as a one-time price level shift rather than a driver of sustained inflation, particularly given the lack of tightness in the labor market. He downplayed the risk of wage-price spirals, citing current labor market conditions. Policy Outlook : With the Fed’s policy rate now 100 basis points closer to neutral than last year, Powell indicated that the balance of risks is shifting—labor market concerns are taking precedence over inflation risks. While not explicitly committing to a September rate cut, his remarks strongly hinted at an “insurance cut” to mitigate potential employment risks, with future cuts guided by incoming labor market data. Our Analysis and Market Implications Powell’s dovish tone aligns closely with Fed Governor Christopher Waller’s views, reinforcing the Fed’s readiness to act to support economic stability. Markets have responded positively, with equities rallying and the probability of a September rate cut climbing above 70%. This outcome was not a foregone conclusion, as some market participants had braced for a hawkish surprise amid recent “stagflation lite” concerns. However, Powell’s focus on labor market risks over inflationary pressures has reassured investors, driving a repricing of growth expectations. Looking ahead, the Fed’s approach will remain data-dependent, with labor market indicators serving as the primary guide for the pace and extent of rate cuts. While an insurance cut in September appears likely, any further easing will hinge on whether labor market slack continues to build linearly or accelerates unexpectedly. This dynamic introduces both opportunities and risks for investors, as markets may overreact to positive signals in the near term, potentially setting the stage for volatility if economic data disappoints. What This Means for Your Portfolio As your trusted investment management firm, Rigden Capital Strategies views the Fed’s shift toward easing as broadly supportive of risk assets, including equities and fixed-income securities. However, we remain vigilant about the potential for labor market deterioration to prompt more aggressive rate cuts, which could signal deeper economic challenges. Our team is actively monitoring key economic indicators, including unemployment rates, job creation figures, and wage growth, to assess the trajectory of monetary policy and its implications for your investments. To navigate this environment, we recommend maintaining a diversified portfolio that balances growth-oriented opportunities with defensive strategies to mitigate potential volatility. Our advisors are prepared to review your portfolio and adjust allocations to capitalize on market opportunities while safeguarding against downside risks. Additionally, we are closely watching global factors, such as tariff impacts and supply chain dynamics, to ensure your investments remain resilient in a complex economic landscape. Our Commitment to You At Rigden Capital Strategies, our priority is to keep you informed and confident in your financial strategy. Powell’s Jackson Hole address underscores the Fed’s commitment to supporting the labor market while carefully managing inflation risks, and we are here to help you navigate the implications of these policy shifts. Whether you have questions about your current portfolio, want to explore new investment opportunities, or need guidance on long-term planning, our team is ready to assist. Please contact your dedicated advisor to schedule a personalized consultation. We look forward to partnering with you to achieve your financial goals in this evolving economic environment. Warm regards, Rigden Capital Strategies   About Rigden Capital Strategies Rigden Capital Strategies was born out of a simple but powerful idea: financial advice should be personal, transparent, and built around your goals—not generic solutions or product-driven sales. Fueled by decades of experience and a desire to see clients truly succeed, we’ve created a process rooted in value, integrity, and progress. As a fee-only fiduciary, we offer dynamic, stress-tested wealth plans tailored to your life. Our expertise spans investment management, retirement and tax planning, and estate guidance—blending active and passive strategies to help your portfolio through any market. We believe in real relationships, clear strategies, and long-term results. Your goals, our strategies. Together, let’s make your goals happen. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions.

Saving for a child’s education is one of the most impactful financial gifts a family can give. A 529 college savings plan is often the go-to tool, thanks to tax-deferred growth and tax-free withdrawals for qualified education expenses. But one important decision can affect financial aid, taxes, and long-term planning: who should own the 529 plan — parents or grandparents? Below we break down the key differences. IRS 529 Plans Q&A Parent-Owned 529 Plans When parents are the account owners: Financial Aid Treatment:  Parent-owned 529 accounts are considered a parental asset on the Free Application for Federal Student Aid (FAFSA). Generally, parental assets are assessed at a maximum rate of  5.64%  toward the Expected Family Contribution (EFC). This is relatively favorable compared to student-owned assets, which can be assessed at 20%. Distributions:  Withdrawals from a parent-owned 529 are not treated as student income on the FAFSA, so they don’t reduce future financial aid eligibility. Control:  The parent maintains control of the account, including investment choices and beneficiary changes. State Tax Benefits:  In some states, the account owner (the parent) may qualify for a state income tax deduction or credit for contributions. Best for:  Families prioritizing financial aid eligibility and control. Grandparent-Owned 529 Plans When grandparents own the account: Financial Aid Treatment (Old Rules vs. New Rules): Old FAFSA rules (prior to 2024-25):  Distributions from a grandparent-owned 529 were treated as student untaxed income — potentially reducing aid eligibility by up to 50% of the withdrawal. New FAFSA rules (starting 2024-25):  This penalty has been eliminated. Grandparent-owned 529 distributions no longer count as student income on the FAFSA, making them much more attractive for aid purposes. Ownership & Control:  The grandparent, not the parent, controls the account. This can be a positive (ensuring funds are used for education) but may also create coordination challenges with the parents’ planning. Estate Planning Benefits:  Contributions to a grandparent-owned 529 can help reduce the size of the grandparent’s taxable estate while still retaining control over the funds. Grandparents can also “superfund” the account — making five years’ worth of annual exclusion gifts at once. State Tax Benefits:  If the grandparent resides in a state that offers deductions or credits, they may benefit from those contributions. Best for:  Grandparents looking to contribute meaningfully to education funding while also engaging in estate planning. Which Is Better? Thanks to the FAFSA rule change, grandparent-owned 529s no longer create a financial aid disadvantage, leveling the playing field. The right choice often depends on: Control:  Do parents or grandparents want to make investment and withdrawal decisions? Tax Benefits:  Which state’s tax rules make contributions most advantageous? Estate Planning Goals:  Are grandparents also looking to reduce their taxable estate? In many cases, a combination approach works best: parents contribute to their own 529 for tax benefits and streamlined control, while grandparents open additional accounts to maximize estate planning advantages and flexibility. Final Thoughts Whether a 529 plan is parent-owned or grandparent-owned, the real benefit is the long-term, tax-advantaged growth it provides for education. With recent FAFSA updates, families have more flexibility than ever in deciding ownership, without worrying about unintended financial aid consequences. Careful coordination between parents and grandparents ensures that contributions are maximized, financial aid is preserved, and the child has the resources they need for higher education. About Rigden Capital Strategies Rigden Capital Strategies was born out of a simple but powerful idea: financial advice should be personal, transparent, and built around your goals—not generic solutions or product-driven sales. Fueled by decades of experience and a desire to see clients truly succeed, we’ve created a process rooted in value, integrity, and progress. As a fee-only fiduciary, we offer dynamic, stress-tested wealth plans tailored to your life. Our expertise spans investment management, retirement and tax planning, and estate guidance—blending active and passive strategies to help your portfolio through any market. We believe in real relationships, clear strategies, and long-term results. Your goals, our strategies. Together, let’s make your goals happen. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions.

Your Social Security benefits will likely play an important role in your retirement income strategy. Yet many people wait until they’re close to retirement to review their benefits—and by then, it may be too late to correct errors. The good news? You can check your personalized statement anytime by creating a  my Social Security  account at  SSA.gov . How to Access Your Statement Visit  SSA.gov  and select  “my Social Security” . Create an account or log in to your existing account. You’ll need to verify your identity, often by answering questions from your credit report. Once logged in, you can view, download, or print your statement. Why You Should Check Your Statement Verify Your Earnings Record:  Your benefits are based on your lifetime earnings. If wages are missing or incorrect, your future benefit could be reduced. Estimate Future Benefits:  The statement provides estimates at various claiming ages (62, Full Retirement Age, and 70), helping you plan your retirement income. Understand Your Eligibility:  It shows whether you’ve earned enough credits for retirement, disability, or survivor benefits. Spot Errors Early:  Correcting earnings history is much easier soon after the error occurs. How Often to Review Check at least  once per year —ideally after your prior year’s wages have been reported to the SSA, usually by mid-year. You should also review it after any major career change, self-employment income, or if you suspect reporting errors. What to Look For Accuracy of your name, date of birth, and Social Security number. Correct annual earnings history. Updated benefit estimates. Any unusual activity or discrepancies. Regularly reviewing your Social Security statement is a simple but important habit. By staying proactive, you can help ensure your earnings are accurately recorded and that you have the information you need to make informed retirement decisions. Rigden Capital Strategies was founded on a simple belief: financial advice should be personal, transparent, and centered around your goals—not built on generic models or product-driven sales. With decades of combined industry experience, we’ve developed a process grounded in three core values: value, integrity, and progress. As a fee-only fiduciary, we provide personalized, goals-based wealth planning services designed to adapt with your life. Our services include investment management, retirement and tax planning, and estate coordination. We use a mix of active and passive strategies to help clients navigate market changes with clarity and confidence. We believe in building real relationships and delivering clear, actionable strategies—focused on long-term planning and aligned with your objectives. Your goals, our strategies. Together, let’s make your goals happen. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions.

When it’s time to move on from your current home, whether due to a job relocation, upsizing for a growing family, or simply a lifestyle change, one of the biggest financial decisions you’ll face is what to do with your existing property:  sell it or turn it into a rental ? Both options come with benefits and trade-offs, and the right choice depends on your financial goals, market conditions, and long-term plans. Here are some key factors to consider when weighing your decision. 1.  Financial Goals and Cash Flow Needs Selling  your home can provide a lump sum of cash that you can use for a down payment on your next home, pay down debt, invest, or build up savings. If your property has appreciated significantly, you may qualify for a capital gains exclusion—up to $250,000 for single filers or $500,000 for married couples—if you’ve lived there for two of the last five years. Renting  can create a new stream of passive income. However, rental income must cover your mortgage, property taxes, insurance, maintenance, and potentially property management fees to be worthwhile. Cash flow projections are essential before converting a home into a rental. 2.  Real Estate Market Conditions Is it a  seller’s market ? If demand is high and prices are strong, you may want to lock in your gains and sell while the timing is favorable. Is it a  renter’s market  in your area? High rental demand and rising rents could make holding the property a financially attractive option, especially if you’re not in a hurry to cash out. 3.  Property Suitability as a Rental Not every primary home makes a great rental. Ask yourself: Is the layout and location appealing to tenants? Are there major repairs or upgrades needed before it’s rent-ready? Is there an HOA that restricts rentals or imposes extra fees? Some properties are more “landlord-friendly” than others. 4.  Tax Considerations Selling  a primary residence often comes with favorable tax treatment (Section 121 exclusion). But if you convert it to a rental, that window can close over time. Renting  opens up tax deductions for things like depreciation, repairs, and mortgage interest—but it also requires good recordkeeping and may lead to future capital gains taxes when you eventually sell. It's wise to consult with a tax advisor to fully understand the implications. 5.  Time and Management Commitment Being a landlord isn’t passive—especially if you’re managing the property yourself. Are you ready to handle tenant screening, maintenance, and late-night calls? Would you hire a property manager? That could eat into your profit margin, but may be necessary if you’re moving out of the area. 6.  Future Plans and Flexibility Do you envision moving back someday? If yes, keeping the property might be worth it—especially in a growing market. If not, selling may simplify your finances and reduce risk. Holding on to real estate can tie up equity and limit your ability to qualify for a new mortgage. Bottom Line There’s no one-size-fits-all answer. The right decision depends on your financial picture, goals, and risk tolerance. Many of my clients weigh both options using a side-by-side analysis of potential outcomes over 5, 10, or even 20 years. If you’re thinking through this decision, we can help you evaluate the numbers, tax implications, and long-term planning impact. Let’s talk about what makes the most sense for your situation. Want help modeling your options? Schedule a consultation at  www.RigdenCapital.com Rigden Capital Strategies was founded on a simple belief: financial advice should be personal, transparent, and centered around your goals—not built on generic models or product-driven sales. With decades of combined industry experience, we’ve developed a process grounded in three core values: value, integrity, and progress. As a fee-only fiduciary, we provide personalized, goals-based wealth planning services designed to adapt with your life. Our services include investment management, retirement and tax planning, and estate coordination. We use a mix of active and passive strategies to help clients navigate market changes with clarity and confidence. We believe in building real relationships and delivering clear, actionable strategies—focused on long-term planning and aligned with your objectives. Your goals, our strategies. Together, let’s make your goals happen. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions.

When investors think of the stock market, they often imagine a sea of opportunity—where every company has the potential to grow and deliver strong returns. But the data tells a different story. According to academic research,  most individual stocks underperform the market over their lifetimes , and many fail to outperform even conservative investments like Treasury bills. The Data Behind the Headlines A study titled  “Do Stocks Outperform Treasury Bills?”  by Hendrik Bessembinder, a professor at Arizona State University, analyzed nearly 90 years of U.S. stock market history. His findings were eye-opening: Only about 42% of individual U.S. stocks had lifetime returns greater than one-month Treasury bills. More than half of all stocks delivered negative lifetime returns. A small subset of stocks—about 4%—generated the entire net gain of the U.S. stock market between 1926 and 2016. In other words, while the overall stock market has grown significantly over the long term, that performance has been driven by a very small number of exceptional companies. What This Means for Investors These findings have important implications for long-term investors: Stock picking is inherently risky.  Even well-known companies can underperform over time. Diversification is key.  Holding a broad mix of stocks—typically through low-cost index funds or diversified portfolios—can help reduce the risk of owning underperformers. Staying invested matters.  Because market returns are often concentrated in a few companies and unpredictable in timing, attempting to time the market or chase individual winners can be a costly strategy. A Disciplined Approach Wins Rather than trying to guess which companies will outperform, many investors are better served by a  goals-based investment strategy  focused on diversification, long-term discipline, and regular portfolio reviews. Working with a fiduciary advisor can help ensure that your investment strategy remains aligned with your financial goals and risk tolerance—especially in a market where the majority of individual stocks may not deliver the returns investors hope for. About Rigden Capital Strategies Rigden Capital Strategies was born out of a simple but powerful idea: financial advice should be personal, transparent, and built around your goals—not generic solutions or product-driven sales. Fueled by decades of experience and a desire to see clients truly succeed, we’ve created a process rooted in value, integrity, and progress. As a fee-only fiduciary, we offer dynamic, stress-tested wealth plans tailored to your life. Our expertise spans investment management, retirement and tax planning, and estate guidance—blending active and passive strategies to help your portfolio through any market. We believe in real relationships, clear strategies, and long-term results. Your goals, our strategies. Together, let’s make your goals happen. Disclosures: This content is for informational purposes only and should not be construed as investment advice. Past performance is not indicative of future results. All investing involves risk, including the potential loss of principal. References to specific academic studies are for illustrative purposes and do not constitute an endorsement. Rigden Capital Strategies is a Registered Investment Advisor. For more information about our firm, please visit  www.rigdencapital.com .

For many business owners, the enterprise itself represents the bulk of personal net worth. While reinvesting profits can fuel growth, relying solely on the business for retirement can expose owners to unnecessary risk. Building retirement wealth outside the business is a strategic imperative—one that ensures financial independence, tax efficiency, and long-term stability. IRS Retirement plans for self-employed people Why Diversifying Retirement Wealth Matters Entrepreneurs often face liquidity challenges when exiting their business. Market conditions, valuation uncertainty, and succession complexities can delay or diminish expected payouts. Establishing external retirement assets mitigates these risks and provides flexibility regardless of business performance. IRS Retirement plans Key Advantages: Liquidity : Access to funds without selling or leveraging the business. Tax Efficiency : Use of tax-advantaged accounts to defer or eliminate taxes. Risk Reduction : Diversification across asset classes reduces exposure to business-specific volatility. Succession Flexibility : Enables owners to exit on their terms, not under financial pressure. Retirement Planning Vehicles for Business Owners Selecting the right retirement accounts depends on income level, business structure, and long-term goals. Below are several options designed to help entrepreneurs build wealth outside their enterprise: Account Type Contribution Limit (2025) Tax Treatment Best For Solo 401(k) Up to $81,250 (with catch-up) Tax-deferred or Roth Owners with no employees SEP IRA Up to $70,000, or 25% of eligible employee compensation Tax-deferred Self-employed or small business owners Defined Benefit Plan Varies (can exceed $100,000) Tax-deferred High-income earners seeking large deductions Roth IRA $8,000 (with catch-up) Tax-free withdrawals Those seeking tax-free retirement income Brokerage Account No limit Taxable Flexible investing with no restrictions Note: Contribution limits are subject to IRS updates and eligibility requirements. Strategic Investment Considerations Building retirement wealth outside the business requires thoughtful asset allocation and tax coordination. Our advisors help clients: Diversify Holdings : Balance growth and income across equities, fixed income, and alternative investments. Optimize Tax Location : Place tax-efficient assets in taxable accounts and tax-inefficient assets in retirement accounts. Plan for Liquidity Events : Structure portfolios to accommodate future business sales or transitions. How Our Firm Supports Business Owners Our wealth management team specializes in guiding entrepreneurs through the complexities of retirement planning with a focus on: Customized Portfolio Design : Tailored to your risk tolerance, timeline, and business exposure. Integrated Tax Strategy : Coordination with your CPA to maximize deductions and minimize tax drag. Succession & Exit Planning : Preparing for ownership transitions with financial clarity. Ongoing Monitoring : Adjusting strategies as your business and personal goals evolve. Take the Next Step Building retirement wealth outside your business is not a luxury—it’s a necessity for long-term financial independence. Whether you're preparing for a future exit, seeking tax efficiency, or simply diversifying your assets, our team is here to help you create a resilient retirement strategy. Schedule a confidential consultation today to explore how our wealth management solutions can support your entrepreneurial journey and secure your financial future. Your goals, our strategies. Together, let’s make your goals happen. Rigden Capital Strategies is a trusted partner for individuals seeking wealth management and financial planning. Our fee-only fiduciary approach ensures that every recommendation is made with our clients' best interests in mind. We develop customized financial plans, combining strategic investment management with proactive tax and retirement planning to help clients achieve their long-term financial goals. Disclosure:  This content is for informational and educational purposes only and should not be interpreted as financial, legal, or tax advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information provided. Investment decisions should be based on individual circumstances, and we recommend consulting a qualified professional before implementing any financial, legal, or tax strategies. Past performance is not indicative of future results, and all investments carry risks, including potential loss of principal. No investment strategy can guarantee success or protect against loss in all market conditions. Investors should carefully consider their risk tolerance, investment objectives, and financial circumstances before making investment decisions. Check out our other insights at https://www.rigdencapital.com/blog .