In The News
Below, you’ll find links to articles in which our advisors have contributed, firm press releases, and media mentions. Learn more about us by reading our perspective shared in popular publications and articles on topics including wealth management, financial planning, investing, and more.
Clayton Quamme of AP Wealth Management was featured in this article, “Experts Say These Are the Money Resolutions You Need To Make in 2022” by Gabrielle Olya. If your goal is to improve your financial situation in 2022, the best way to achieve this is to have some clear-cut, actionable resolutions in place. “If your financial resolution is to maximize your Roth IRA by putting in $6,000, you can break that down into monthly contributions of $500 or, even better, weekly [contributions] of $115,” said Clayton Quamme, CFP, partner and financial advisor at AP Wealth Management in Augusta, Georgia.
Clayton Quamme of AP Wealth Management was featured in this article, “Holiday Supply Chain Woes? Consider Gifting to 529s Instead” which was initially posted to Nerd Wallet and was picked up by several additional outlets. Clayton discussed the many benefits of giving 529s as gifts, including tax deductions. “Due to federal gift tax limits, one caveat to consider is the size of this gift along with any other gifts to the same recipient or their parents. Unless you’re giving more than $15,000 in 2021, you shouldn’t need to worry. However, if the amount is over $15,000, discuss your gift with your tax and financial advisors first to understand any potential gift tax ramifications.”
Clayton Quamme is quoted in the article, “Will there be a Santa Rally in December 2021?” in Capital.com. The author writes that some believe a Santa Rally is as mythical as the man in red himself. “The Santa Rally is a myth,” argues Quamme, partner and financial advisor at AP Wealth Management. “You don’t have to look back far to find examples of this. December 2018 was a very rough month for the stock market. The S&P 500 fell 11% in December 2018. The market just kept going down all month long. Even Santa could not turn it around.”
Gene was quoted recently in, Inflation may be high but remains manageable by Erica Thompson in Talking Biz News. “Inflation these days is relative. The US has experienced very little inflation over the last ten years. The Federal Reserve (The Fed) has done everything in its power to get the inflation rate up to two percent and has been largely unsuccessful until recently. Many contend that the increase in inflation has very little to do with The Fed’s actions. – Gene McManus, CPA, CFP (Advisor, Managing Partner)
AP Wealth Management Announces New Partners Clayton Quamme and Tom O’Gorman.
AP Wealth Management announced new partnerships within the firm as well as recent Walton Award winners in their recent release, “AP Wealth Management Announces New Partners Clayton Quamme and Tom O’Gorman.” The release details how the firm is sponsoring PGA Tour Champions golfer Scott Parel and is in the process of creating a space called The Treehouse at AP Wealth which includes a golf simulator and a comfortable meeting space for clients and their families.
Outrage Builds Over Expansion of IRS Reach
Gene McManus was quoted in this article by Lee Barney in Newsmax Finance, “Outrage Builds Over Expansion of IRS Reach.” McManus was quoted as saying, “If all transactions above $600 were examined, it would be akin to letting sunlight into a solitary confinement prison cell. Light would show on things that at been in the dark for eons.”
Who Pays for What? How You and Your Partner Can Fairly Split Expenses
Clayton Quamme, a partner at AP Wealth Management was quoted in this piece by Gabrielle Olya, “Who Pays for What? How You and Your Partner Can Fairly Split Expenses” in GoBankingRates.com. “For couples that are starting with a simple [financial] situation, using joint accounts for all income and sharing all expenses is a great strategy to keep things simple. William Shakespeare said it best: ‘What’s mine is yours and what is yours is mine,’” says Quamme.
How Women Can Conquer Their Financial Fears and Anxiety
Clayton Quamme, a partner at AP Wealth Management was quoted in this piece by Gabrielle Olya, “How Women Can Conquer Their Financial Fears & Anxiety“ in GoBankingRates.com. Quamme says, “We are huge proponents of the ‘pay yourself first’ strategy. The idea is that before you pay monthly expenses, you save money first. Most 401(k) plans work like that — you elect to have a percentage taken out of your pay. The money is taken out of your paycheck and put in a separate account for you. If you do not have access to a 401(k), you can set this up yourself with automatic withdrawals from your checking account to a savings or investment account. The more you automate your savings and ‘pay yourself first,’ the better your chances of sticking to a plan.”
What to Do If You Lose Money in Your 401(k)
Clayton Quamme was quoted in this article by Rachel Hartman in US
News and World Report, “What to Do If You Lose Money in Your 401(k).” If
you have made contributions to a 401(k) through your employer, it’s
natural to be concerned about the plan’s performance. “People get scared
when they see account balances start to go down during market
downturns,” says Quamme. “They start to panic and move their money
into cash for safety.” Quamme urges caution. “When you sell during a
downturn, you are making a temporary loss permanent. If you stay
invested, your account balance will go up as the market recovers.
News from the Augusta-area business community: Columbia County Chamber names 2022 Leadership class
Tactics for Building Connections With Clients’ Kids
Clayton Quamme was profiled in this article by Anne Field in WealthManagement.com, “Tactics for Building Connections With Clients’ Kids.” The article focuses on the AP Wealth Management Treehouse and how the golf simulator can be used to foster relationships with clients’ children. The writer also shined a light on how, as a younger advisor on the team, Quamme has been cultivating relationships with the next generation.
Optimism and Client Morale - Post-Pandemic Trends and Projections (WealthManagement.com Midyear Outlook)
Gene McManus and Pat Fair of AP Wealth Management co-wrote this article in WealthManagement.com’s Midyear Outlook, titled “Optimism and Client Morale – Post-Pandemic Trends and Projections“, to discuss their perspective of positive financial trends after the pandemic.
The 5 Worst Investment Tips on TikTok
Gene McManus was interviewed for this article by Chris Davis of Entrepreneur regarding investing in precious metals. McManus, a CFP, certified public accountant and managing partner at AP Wealth Management, said that he’s seen claims that precious metals IRAs (which invest in gold and silver instead of stocks and bonds) are a better choice than typical IRAs. McManus disagrees. “The long-term history and performance of gold and silver do not indicate that they are a rewarding asset class,” he said. “There are short-term periods that they might outperform the S&P 500, but over the long term, they don’t make sense to own, especially exclusively or overweight in a portfolio.”
A Beginner’s Guide on How and When To Dive Into the Cryptocurrency Market
Clayton Quamme was featured by Casey Bond in her article, “A Beginner’s Guide on How and When To Dive Into the Cryptocurrency Market,” in GOBankingRates regarding cryptocurrency.
According to Quamme, a certified financial planner at AP Wealth Management in Augusta, “Before diving into crypto, make sure you have your financial house in order. There are some fundamental financial principles you should follow when deciding where your next dollar should go — investing in crypto is a good ways down the list.”
Millennial Millionaires Are Getting Rich Off Crypto – Older Generations, Not So Much
Clayton Quamme, a partner and financial planner at AP Wealth Management, notes that older investors who are already millionaires simply don’t need to take the risks involved with investing in crypto in this piece by Gabrielle Olya in GoBankingRates.
“For clients near retirement or in retirement, capital preservation and income are the primary goals for their portfolios,” he said. “They have already become millionaires, so they don’t need to try and hit home runs in their portfolios. Older generations are doing the prudent thing by limiting the amount of high-risk investments to less than 10% in their portfolios.”
A Second-Act Consulting Gig Takes Time and Effort to Succeed. Here Are Some Tips
Clayton Quamme was interviewed by Cheryl Winokur Munk at Barron’s regarding tips on starting a consulting gig in retirement. According to Quamme, a certified financial planner at AP Wealth Management in Augusta, formulating the plan takes time. “It’s a little harder than just looking for another job.”
Gene McManus of AP Wealth: How To Successfully Ride The Emotional Highs & Lows Of Being An Entrepreneur
Gene McManus of AP Wealth was profiled in Authority Magazine. Being a founder, entrepreneur, or business owner can have many exciting and thrilling moments. But it is also punctuated with periods of doubt, slump, and anxiety. So how does one successfully and healthily ride the highs and lows of Entrepreneurship? In this series, called “How To Successfully Ride The Emotional Highs & Lows Of Being An Entrepreneur” we talked to successful entrepreneurs who can share stories from their experience. Here is the interview of Gene McManus, AP Wealth Management, in Augusta, GA.
What are Dividends, and How Can You Tell What Dividend a Company Is Paying?
Tom O’Gorman of AP Wealth was quoted in this article on NextAdvisor, in partnership with TIME, titled “Dividends, and How Can You Tell What Dividend a Company Is Paying?” O’Gorman provides insights on benefits and drawbacks of dividend stocks. “Dividend stocks have traditionally been for more senior investors, who are looking toward income in retirement years and frankly sometimes people live off dividends in retirement years.” However, these stocks aren’t without risk. “If a company runs into financial hard times and they can no longer pay the dividend, that price is going to drop quickly,” warns O’Gorman
Where is Currency in Crypto?
Bitcoin and other cryptocurrencies continue to dominate the headlines and prices seem to fluctuate more in line with Elon Musk’s latest tweets rather than changes in the underlying fundamental value, whatever that may be. Clients rarely call to inquire about investing in traditional currencies, so why are cryptocurrencies suddenly top of mind for so many investors? Tom O’Gorman of AP Wealth explores that topic in this article, “Where is Currency in Crypto?” in Business Digest Magazine.