Connecting You and Your Wealth

 

SageVest Wealth Management – 10 Years As A Fee-Only Financial Advisor (May 15, 2017)

SageVest - Top Fee-Only Financial AdvisorJennifer Myers, CFP ® established SageVest Wealth Management in May 2007, to provide high quality, customized, and comprehensive investment management and financial planning services to individuals, families and business owners in the Washington, DC area and beyond.

A decade later, and with twenty years of experience, Jennifer’s the recipient of multiple top advisor awards, including Washingtonian Top Financial Advisor, and SageVest is celebrating our tenth anniversary! This seems an ideal time to thank our clients, and to offer a quick reminder of our services, our fields of expertise, and the core principles that guide us in pursuit of your financial and life goals.  Read More

Why Your Company Insurance Isn’t Enough (April 27, 2017)

Company life and disability coverage - istock JirsakMost employers offer group life and disability insurance coverage. While this is an important benefit for employees, it doesn’t mean that you’re adequately covered. In fact, if that’s all the coverage you have, you could be woefully under-insured.

It’s always best to evaluate insurance coverage earlier in life rather than later, as rates and terms are tied to your health and age. Here are some basic tips on evaluating your coverage and what to consider when purchasing additional insurance.  Read More

Six Reasons Why You Might Not Elect Joint Ownership (March 15, 2017)

Couple with advisorJoint ownership is one of the most common forms of asset titling. It offers numerous benefits centered on sharing use and control, it allows transparency of assets, and it helps with daily money management and bill paying.

While the decision to jointly title assets often seems straightforward, there are underlying considerations to be taken into account, particularly when it comes to non-spousal shared assets. For the following reasons, think carefully before you sign on the dotted line to initiate joint ownership with a significant other, family member or friend.  Read More

Time For Your Medicare Check-Up (October 11, 2016)

Doctor and woman patientThe Medicare Annual Enrollment Period starts on October 15 and runs through December 7. That makes now the perfect time for retirees to review and, if warranted, change your policy coverage.

Taking the time to examine your Medicare options each year is a wise move for both your health and your wealth. Evaluating your coverage can highlight policy and premium changes that may otherwise prove costly in relation to your current health needs. We offer some recommendations to help you minimize your healthcare costs during retirement.  Read More

OPM Announces Life Insurance Enrollment For Federal Workers (September 6, 2016)

Female US Air Force Employee FilingLife insurance is an essential component of your wealth management strategy, helping to preserve your assets and providing you with peace of mind. Coverage is available individually or, if your employer offers it, as part of a group life policy.

If you’re a Federal government worker, you may be entitled to coverage under the Federal government’s group life policy, FEGLI (Federal Employees’ Group Life Insurance Program). If so, this month is an important time to consider your options, as Open Season commences for the first time since 2004.  Read More

Retirement Funds And Divorce (August 29, 2016)

Divorce settlementWhen a couple divorces, the fall-out can affect your finances too. Retirement funds in particular can prove complex in how they’re divided during the divorce settlement and restructured for the future. Professional financial advice can help preserve your share if you’re the retirement fund owner, or ensure equitable distribution if you’re the other party.  Michael Fuhr recently highlighted the importance of retirement fund tax rates during divorce negotiations in US News & World Report’s Investment article: ‘12 Steps To Protect Your Money In Divorce‘. Read More

The Importance Of Life Insurance For Women (June 1, 2016)

Woman and baby (17327 Pixabay PublicDomainPictures)There are many reasons why life insurance should play an important part in every person’s financial planning. Yet women often overlook this key asset protection strategy, and are far more likely than men to be underinsured or have no coverage at all.

Whether you’re a single woman, half of a couple, or a member of a more extended family network; whether you work at home, in the workforce, or as the leader of your own business; life insurance is essential to protect the transfer of your wealth, and more importantly, to protect your loved ones in the future.  Read More

Death Of A Family Member Checklist (September 10, 2015)

CloudsLosing a loved one is a difficult experience.

Yet, during this time, you must complete a variety of tasks and make important financial decisions. You may need to make final arrangements, notify various businesses and government agencies, settle the individual’s estate, and provide for your own financial security.

The following checklist is offered as a guide. Note: Some of the following tasks may have to be completed by the estate’s executor.  Read More

Protecting Your IRA Assets: A Recent Supreme Court Ruling (August 20, 2014)

US Supreme CourtSince enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005, individual retirement accounts (IRAs) have been protected under federal law if you declare bankruptcy.

Over the years, federal court decisions have been divided over whether or not inherited IRAs are protected under the Act.

To resolve this conflict, the United States Supreme Court agreed to hear the case of Clark v. Rameker. Read More

Planning For Travel (May 21, 2014)

Lady on beachWhether you’re planning a dream trip around the world or visiting friends in Atlanta, you can benefit from pre-trip planning.

If you plan far enough in advance of your departure, you’ll often get good rates on airline fares, lodging, and packages, particularly if your travel plans are flexible. If you’re traveling to a foreign country, you may also need time to obtain a passport or a visa or to research your itinerary.

In addition, you’ll reduce the inevitable stress that accompanies traveling, by preparing thoroughly. Read More

Latest College Costs And Social Security & Medicare Figures (December 15, 2013)

Hand With DollarsEvery October, the College Board releases its Trends in College Pricing report, highlighting college cost increases for the current academic year, and trends in the world of higher education. While costs can vary significantly depending on the region and individual college, the College Board publishes average cost figures, based on its survey of nearly 4,000 colleges across the country.

In addition, Social Security and Medicare figures are announced for calendar year 2014. Read More

Vacation Homes (June 24, 2013)

Young Boy and Girl Playing in SurfA rustic cabin or a seaside cottage? Buying a second/vacation home can be an alluring prospect. Before you decide to purchase one, though, you should consider a number of issues. These include the costs associated with owning a second/vacation home, the attributes of the home, its rental potential, and the income tax treatment. Even if you rent it out or deduct part of the costs of ownership from your taxes, a second/vacation home is primarily a luxury, not an investment. You should buy one to add value to your life instead of to your net worth.

 

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Long-Term Care Insurance (March 27, 2013)

Doctor Examining an Elderly PatientLong-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. Understandably, many people put off planning for long-term care. But although it’s hard to face the fact that health problems may someday result in a loss of independence, if you begin planning now, you’ll have more options open to you in the future.

Here we consider the answers to five frequently-asked questions about long-term care insurance. Read More

Approval of the Affordable Care Act (June 25, 2012)

Jogging with dog on the beachBy a 5-4 vote, the Supreme Court upheld the 2010 Affordable Care Act (ACA). The law’s most controversial provision will stand – a mandate requiring every American citizen to buy individual health insurance coverage. The court made a key distinction, interpreting that mandate not as a directive but as a tax.  “The federal government does not have the power to order people to buy health insurance,” Chief Justice John G. Roberts, Jr. wrote in the majority opinion. “The federal government does have the power to impose a tax on those without health insurance.” The ruling carries profound implications for individuals, businesses and households. Read More