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

Graduation Gifts For Financial Success (May 3, 2017)

Hispanic Student And Family Celebrating GraduationCongratulations if your child, grandchild, or other family member is about to graduate from college! Attaining a degree is an accomplishment worthy of celebration. It’s also a time for your grad to transition into independence, learning financial and life responsibilities to achieve future success.

If you’re searching for a meaningful graduation gift to encourage lifelong wealth, SageVest advisors offer ten of our favorite financial gifts for college graduates.

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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

Is Maxing Your 401(k) Enough? (March 6, 2017)

Reaching the topIf you’re like most Americans, a 401(k) or similar retirement plan represents the bulk of your long-term savings. Every year, the IRS places limits on the annual contributions you can complete to these and other qualified retirement plans. Too often, people mistakenly think that if they’re contributing these maximum annual amounts, they’re saving as much as they need. While these limits might be acceptable for some individuals, they may not be adequate for everyone. The reality is that the amount you need to save for retirement hinges upon the following five key factors.  Read More

Ten Relationship Tips For Working Women (January 18, 2017)

Female ExecutiveMore than half of today’s college enrollees are women, making it likely that the number of working women will continue to dramatically rise in the coming years. Despite these facts, social roles often remain rooted in the past. This can create challenges in your personal relationships, especially as you accumulate independent wealth and become more engaged in financial decision-making for yourself and loved ones.

Whether you’re a working woman yourself, a supportive relative, or a friend of a professional woman, here are some tips on how to achieve relationship, family, and financial harmony in today’s new reality.  Read More

Maximize Your Self-Employed Retirement Savings (November 29, 2016)

Businessman - iStock/Minerva StudioIf you’re self-employed, you could be facing deadlines for important decisions about establishing a retirement account before year-end.

One of the most valuable self-employed savings vehicles, whether you’re a sole proprietor or more formally established, is a solo 401(K), also known as an individual 401(K). This powerful retirement savings account allows flexibility and significant tax deferral opportunity, far greater than traditional 401(K) accounts. If this account is right for you, you can defer contributions until your tax filing, but the deadline to establish an account for the current tax year is December 31st.   Read More

Tax Opportunities For Military Members (November 11, 2016)

DoD-166542-s-czw40-2931Each Veterans Day, SageVest is proud to join the rest of our nation in offering thanks to the brave men and women who defend our everyday freedoms. We thank you for your service.

Gratitude for your dedication also comes from perhaps a more unexpected source: namely, the IRS and state tax agencies. There are a variety of special Federal and state tax breaks available only to members of the US Armed Forces; because the sacrifices that you and your family make should not extend to your finances.

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Hiring A Domestic Employee (September 30, 2016)

Baking togetherFor many people, juggling family, work, and household priorities can be a daily challenge. If your finances allow, hiring some household help can streamline your schedule and free up precious time for you to spend enjoying what matters most, with the ones you love.

Whether you’re considering a part-time maid to help keep your home tidy, or someone for a more demanding role like a live-in caregiver or personal assistant, there are a number of factors to weigh carefully before you hire someone. 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

Taxable Pay For Business Owners (July 18, 2016)

Businessman in suit thinkingIf you’re an entrepreneur, you know that running a business requires ongoing work and planning. For your business to succeed, the most fundamental elements are to grow revenues and maximize profits.

One of the most tempting ways to keep your company expenses low is to pay yourself very little, or even nothing, in the form of W-2 income. While this strategy will definitely lower your payroll expenses and some tax liabilities, there may be potential personal and business costs in the long-run.

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Cash Flow For Your Small Business (May 26, 2016)

 

Business man at deskWhile it’s the key to your success, managing the finances for your small business can be challenging. SageVest is an experienced and knowledgeable partner when it comes to advising you about wealth strategies that support your needs as an individual and as an entrepreneur.

Jennifer Myers was recently quoted in online source, NCR Silver – Small Business Smarts, discussing the importance of understanding and balancing business cash flow so that your enterprise is well positioned to weather tough times and, more importantly, take advantage of opportunities. Read More

Pension Options – Payout Or Payments (April 22, 2016)

Pension payoutRetirement is an exciting time, full of choices to make and plans for the future.  If you’re entitled to a pension, you’re fortunate.  You also have more financial decisions to navigate.  It’s time to decide if you should take your pension as a monthly payment, as a lump sum rollover, to elect survivor benefits, and more. These are irrevocable decisions, so it’s important to make the right one for you and your loved ones.  While everyone’s retirement circumstances and objectives are unique, there are some common considerations that can help you to evaluate what’s the best option for you.  Read More

A Salute To Our Heroes (November 11, 2015)

Women in Military Service for America Memorial Wreath LayingPeace has its victories, but it takes brave men and women to win them.”    Ralph Waldo Emerson

On Veterans Day and throughout the year, SageVest Wealth Management proudly salutes those who have dedicated their lives to serving our country. We recognize and honor the many challenges and sacrifices you and your family make to support our freedom. These inevitably include a financial component.

On this Veterans Day, we encourage you to reach out to current and former forces personnel you know to extend a thank you, and to share a few financial insights that might benefit them and their families for the service they have provided. Read More

There’s Still Time To Make A 2014 IRA Contribution (March 13, 2015)

WatchGenerally speaking, the IRS allows you to make your IRA contribution for a particular tax year up until April 15 of the following year.

This rule applies to both traditional IRAs and Roth IRAs, giving you some flexibility in terms of the timing of your annual IRA contribution.

Traditional IRAs and Roth IRAs are each subject to different contribution rules.

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Summer Jobs For Students – Tax Tips (June 24, 2014)

Girl serving in coffee shopMany students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world. That includes taxes we pay to support the place where we live, our state and our nation. Here are eight things that students who take a summer job should know about taxes.

This information regarding tax tips for students who take a summer job was recently released by the IRS. Please feel free to pass it on to anyone who may benefit from this useful advice. Please visit www.IRS.gov for more about tax rules for students, or click on the links below. Read More