When it comes to your retirement finances, there’s a lot to think about and plan for, whether you’re retiring soon, or are several years from retirement. SageVest Wealth Management creates personalized, dynamic retirement plans for each of our clients, supporting their lifestyle, both now and in the future. Without the guidance of an experienced financial advisor, it can be difficult to know where to start, what to focus on, and how to sort fact from fiction when it comes to retirement myths.
There’s a lot to think about as a parent when giving your kids an allowance. When should you start giving your kids an allowance? How much should you give them, and how often? Should allowances be tied to chores, grades, or more? Our sister site, SageVest Kids, provides answers to these and other common questions that parents have about allowances for kids. Read More
Alimony, also known as spousal support or maintenance, is typically paid by the higher earning spouse following divorce. While some states still award lifetime alimony, it’s barred in others, so today, most alimony is rehabilitative and durational: paid for a set amount of time following divorce, or until the recipient remarries.
Recent tax reform changes have shaken up the divorce planning arena. The previous tax status for alimony (in place since 1942) is soon to reverse. If you’re wondering how new tax laws impact your existing or upcoming divorce settlement, we have a number of answers for you. Read More
Deciding to start your own business is always a bold move. While the thought of being your own boss is alluring, the reality is that it takes a lot of time, energy, and planning to succeed.
As a single parent, the challenge is even greater. You’ll have to juggle both your business and family needs – and still find time for you. Planning is key. SageVest Wealth Management’s President, Jennifer Myers, recently discussed some of the unique considerations for single parent entrepreneurs in Chase’s ‘Resilient America’ article, ‘6 Things Single Parents Must Do To Launch A Business’. Read More
If you want your kids to develop a healthy relationship with money, including sensible saving and spending habits, there’s a lot for them to learn. It all starts at home, with you, and with April marking Financial Literacy Month, what better time than now?
Our sister site, SageVest Kids, offers a step-by-step guide to financial literacy for kids of all ages, including guidance on saving, spending, budgeting, earning, borrowing, giving, and more. It’s time to begin focusing on financial literacy for your toddlers, kids, and teens and we have a wealth of resources to help you. Read More
– Market volatility unleashed in the first quarter.
– Fears of inflation, trade wars and the outlook for key stock market leaders choked the markets.
– Investors are cautioned to think long-term about appropriate positioning after volatile market swings.
Hopefully you’ve had many years of teaching your kids about money before college. If you haven’t, it’s crunch time to instill some teen financial basics. Even if your teen is financially ready and capable, now’s a great time to review budgeting, spending, and saving. SageVest Kids’ six-month plan will help guide these final months of teaching your kids about money before college. Read More
The decision to rent or buy a home has always been a significant financial consideration. However, whether to rent or buy is a particularly hot topic right now, given a booming real estate market, new mortgage interest deduction limits and a rising mortgage interest rate environment.
It doesn’t matter if you’re a Millennial thinking of buying your first home, a professional relocating for work, or a retiree downsizing to a condo or apartment: The own-or-rent decision is a complex one, influenced by a host of factors. We offer tips and insights about renting versus buying. Read More
It’s time to wish a joyous ‘Happy Birthday’ to the second longest bull market in history! March 9, 2018, marks nine years of prosperity for the stock markets, following the depths of the Great Recession in 2008. If you’ve been invested in stocks over the past nine years, you have prospered, gaining greater wealth potential.
As we enter the 10th year of a bull market, now’s a critical time to ask yourself some key investment questions. Here are 5 key considerations on the bull market’s ninth anniversary, to ensure your portfolio continues to flourish, while also protecting yourself against the inevitable market correction. Read More
March is Women’s History Month, making it a perfect time to highlight women’s many achievements since women first gained the right to vote, less than one hundred years ago. Today, women comprise 47% of the workforce, occupy 20% of U.S. Congressional seats, and more women under age 29 obtain undergraduate diplomas compared to men.
However, while there’s much to celebrate about women’s empowerment, there’s still a long road ahead to accomplishing true equality for women: personally, professionally, and financially. We take a look at some interesting statistics about women today, and consider ways to secure your financial future as a woman. Read More
Regardless of how you’ve accumulated your wealth (through earnings, inheritance, or a windfall), your wealth is meaningful to you and deserves protection. There are a myriad of risks that exist with the potential to negatively impact your wealth in a significant way. Some are more common than others. Common loss events include personal liability exposure and ownership damages.
Fortunately, there are three cheap and easy ways to protect your wealth in these high risk areas and avoid a preventable loss, so that you can benefit from your assets through lifetime enjoyment. Read More
As a top-ranked wealth management firm, SageVest prides itself on providing our clients and others with timely and knowledgeable information on a broad range of personal finance and investment management topics.
In response to the sweeping US tax reforms that recently took effect, we’ve offered guidance from a range of different perspectives. Most recently, Jennifer Myers was quoted in Bloomberg News, discussing how new state tax deduction limitations may have widespread and unintended consequences for states, businesses, and individual employees. Read more in ‘New Tax Laws May Make It Easier To Woo Talent To Low-Tax States’. Read More
Teaching your kids about money is an important aspect of being a parent. You’ll need to consider basics like your child’s age, unique personality, and learning style (altogether, there are eight recognized learning styles) when developing a suitable approach.
However, by far the most important aspect of instilling financial literacy is to make learning about finances fun – for both of you!
You’ve probably heard some retirement myths, or read them online. While quick-fix retirement myths can be tempting, it’s important to evaluate their accuracy relative to your personal finances. Furthermore, many retirement myths are decades old, when lifestyles and retirement were far different than today.
Whether you’re a Millennial just starting out, an individual at the height of your career, or you’ve already retired, it’s vital to make the most of your retirement savings. This begins with establishing a personalized retirement plan – and reconsidering the validity of the following retirement myths. Read More
One of the most fundamental aspects of teaching your kids about financial literacy is being a strong money role model. Healthy financial parenting starts with understanding your own approach to money, and, if you’re part of a couple, your partner’s outlook on money too. If you have differing financial perspectives, it can be difficult to manage parental differences. This can be especially true if the family’s divided by separation or divorce. Our sister site, SageVest Kids, offers some helpful insights into how to manage parental differences about money and establish healthy financial parenting behaviors. Read More
Getting together on the same page about money is a key element of relationship success, but it’s especially important for relationships formed later in life, whether you’re simply looking for friendship or searching for a new soul mate. At this stage in life, you’re likely to be more personally and financially established, possibly with a family, your own home, or even a business. Blending a new partner into your life and into your finances requires thoughtfulness, open communication, and careful planning. Read More
For many individuals, one of the most rewarding and challenging journeys in life involves being a parent. Beyond the daily essentials like love, good food, toys, and more that your child will need to learn and grow, there are also a host of financial considerations for you to plan for. These include decisions about childcare costs, healthcare coverage, and estate planning options.
According to an estimate from the Tax Policy Center, 80% of US taxpayers will owe less in taxes as a result of tax reform. A smaller percentage will pay more.
Do you know if you’re one of the lucky or unlucky ones?
Sadly for many, tax withholdings will not adjust appropriately given the complexity of tax reform changes. This means that people might not feel the impact of tax reform until they file their taxes in April 2019. Here’s what you need to do now to plan proactively and try to avoid a tax surprise next year. Read More
Do you have trouble envisioning your retirement? Are you realistic about both your current budget and future retirement expenses? Do you even know where to start when it comes to saving for retirement? These are all classic traits that can impede your retirement success.
The good news is that you can change your approach to retirement. Jennifer Myers was recently quoted in US News and World Report and we offer five quick questions about saving for retirement, and the benefits of working with a financial advisor to achieve your retirement objectives. Read More
The Dow Jones Industrial Average recently crossed a record-breaking 26,000, with other indices also hitting record highs. If you’ve been invested in stocks, you’re likely celebrating and considering if it’s time to take some profits through diligent rebalancing. Conversely, if you’re sitting on cash balances, you may be facing the difficult decision of whether now’s a good time to dive into the markets or whether you should stay on the cash sidelines. While the answer’s different for everyone, we offer some advice on how to invest at market highs now the Dow’s above 26,000. Read More
Whether it’s a New Year resolution, life event, or simply recognition that your finances require attention, hiring a financial advisor is a great idea, wealth-wise. But how do you find the best financial advisor for you?
SageVest offers a high caliber of investment management services to clients in the DC Metro area and beyond, and we welcome your enquiries. However, we recognize that our investment minimum may present a hurdle for some, and that consequently, we’re not always the best fit. Here’s how to find the best financial advisor for you. Read More
Age 62 is a milestone birthday. It’s the earliest age you can start receiving Social Security retirement benefits. It’s also the most popular age to start claiming retirement benefits, especially among women.
Collecting early retirement benefits can make sense for some people. However, be aware that collecting benefits before your Full Retirement Age (FRA) means that your monthly retirement benefit will be permanently reduced.
Here are some of the factors to consider when deciding whether to start collecting Social Security retirement benefits early. Read More
Congratulations if you’re approaching your 65th birthday, or have already turned 65.
This is an important milestone birthday, as it’s the age at which you become eligible for Medicare, he Federal health insurance program for those aged 65 and older, plus other eligible adults.
Here’s what you need to know about the basics of Medicare.
Your full retirement age depends on the year in which you were born.
Age 66 is Social Security’s full retirement age for people born before 1960. You’re now eligible to receive your full Social Security benefit. You’re also no longer subject to the earnings limit, so if you continue working, your benefits won’t be reduced. Read More
Age 70 is Social Security’s maximum retirement age. Contact your local Social Security office in advance of your 70th birthday, to discuss your options and to apply for retirement benefits. Planning ahead is especially important if you have a government pension and may be subject to either a pension offset or a windfall elimination provision.
At age 70½, you must also begin taking Required Minimum Distributions (RMDs) from your Traditional IRA and other qualified retirement plans. We can help you calculate your aggregate RMDs and develop a plan for optimized, tax-efficient distribution of your Required Minimum Distribution. Read More
There are many reasons why you might be considering looking for a new job. Maybe you’re seeking more responsibility – or less. Perhaps your job is no longer rewarding – monetarily or otherwise. You might be relocating, changing careers entirely, or have had the unfortunate experience of losing a job. Whatever the reason, there are many financial factors to consider before you make a career move. Planning ahead can help ease the transition into your new job, and help secure your finances for your immediate and longer term future. Read More
– 2017 brought prosperity to investors, thanks to continued new stock market highs and low volatility.
– Expectations of tax reform supported growth, and became a late-year Republican victory. The ultimate impacts will be seen in the months and years ahead.
– 2018 offers plenty of continued growth opportunity, with a worthy cautionary note that we’re in the second longest bull market ever, with elevated valuations. Read More
As women’s roles expand in our workforce, our communities, and our family networks, so too do their responsibilities. Women are increasingly independent, personally and financially, often supporting both themselves and other family members. Yet gender-specific issues like lower earnings and longer lifespans continue to challenge longer-term financial security. What better way to celebrate Women’s Self Empowerment Week, therefore, than by considering women’s financial well-being?
As a top-ranked, woman-owned personal wealth manager, we understand the importance of financial planning for women. Here are five essential money tips that every woman should follow. Read More
Everyone aspires to succeed. While some people get lucky, for most of us, success is due to thinking ahead, smart decisions, and hard work. Growth in your career or business is also fundamental to a stronger financial future, for yourself and your family.
Our New Year resolutions for business and career success will help you strive towards new heights in your business, career, and personal life. Read More
The recently legislated tax reform made for an extraordinary end to 2017, when considering how the new tax laws impact you, your family and your finances. Despite an objective to simplify the tax code, it remains complex, particularly the determination of whether you’ll be facing higher or lower taxes in the future.
We outline the primary changes in individual taxes, focusing on the areas that render the greatest impact to our clients. The majority of tax changes discussed will expire on December 31, 2025, unless otherwise noted. Read More
2017 marks 10 years since Jennifer Myers first founded SageVest Wealth Management as an independent, fee-only financial planner in the Washington, DC area. Throughout the last decade, our firm has remained committed to delivering excellence in investment and financial planning services to individuals, families, and business owners throughout Virginia, Maryland, and the wider DC Metropolitan region.
We’re always honored to receive recognition for the exceptional level and breadth of knowledge, experience, and service that we render for our clients. Read More
SageVest is dedicated to helping connect you with your wealth in meaningful ways. The holiday season provides the perfect opportunity to focus on what matters most to you and your loved ones, whether it’s gift giving to family and friends, or planned year-end philanthropy.
We too choose this special time of year to appreciate those who matter, and to direct our company’s philanthropic giving. First, we extend our best wishes for a safe, healthy, and joyful festive season for all of our clients, their families, our professional allies, and others. Furthermore, we’re pleased to announce the results of our ‘Holiday Contribution’ survey and the worthy causes that will receive our financial support this year-end. Read More
Like wealth, enjoyment can mean different things to different people. You might find enjoyment in many aspects of life, from simple pleasures like long walks and get-togethers with friends and family, to larger events such as vacations or major life celebrations.
For some, a common form of enjoyment is spending. But how do you know if you’re spending too much? Here are some common characteristics that may prove insightful or inspire you to refocus on gaining or reclaiming your financial security. Read More
The holiday season is almost upon us, bringing a time of joy and togetherness – as well as the common need to come up with memorable gift ideas for those we care about! Yet finding unique, memorable, and financially responsible holiday gifts can be challenging.
This holiday season, we offer a number of thoughtful holiday gift ideas that are designed to create enjoyment, support your family values, and create lasting memories, without forcing you to become a holiday over-spender. Read More
Year-end tax planning can allow you to capture tax-saving opportunities before they vanish on January 1st. This year, the stakes are higher. Tax reform discussions are underway, presenting the very real possibility of sweeping tax changes in 2018. This includes the loss of many common deductions.
If you itemize your deductions, it’s important to know how your taxes could change, and if there are deductions you can quickly secure before they potentially disappear. Read More
There’s a lot to consider if you’re thinking about moving into a retirement community. While they offer an abundance of resources that you can’t replicate at home, retirement communities typically don’t come cheap. One of your top priorities should be deciding whether you can afford a retirement community lifestyle.
It’s important to review both your current and future finances carefully, to properly evaluate the costs of retirement community living, relative to the benefits you might gain. Read More
The original GI Bill of 1944 helped WWII Veterans return to civilian life, providing a range of benefits, including academic and vocational funding. It was so successful that similar measures were adopted for subsequent Veterans. The most recent of these is the Post-9/11 GI Bill, which includes up to 36 months of educational benefits to eligible service personnel and, uniquely, to your dependents – if you plan ahead.
As part of SageVest’s commitment to America’s military families, we consider current provisions of the Post-9/11 GI Bill, plus recent legislative updates, as they relate to your broader wealth planning. Read More
If you haven’t already done so, it’s time to begin thinking about year-end tax planning, which is always important, but is all the more significant this year, in light of the potential tax changes ahead.
Proposed tax reforms, released last week, are generally planned for implementation in 2018. This makes year-end tax planning a bit more predictable. However, it’s wise to evaluate your 2017 tax planning with 2018 proposed changes in mind, as advance planning could allow you to capture opportunities that might disappear or change. Read More
November is National Adoption Awareness Month. If you’re pursuing adoption, perhaps your journey is due to fertility issues, being single or part of a same-sex couple, or simply a fundamental desire to provide a loving home to a child in need. Whatever the reason, adoption is a joyful, life-changing experience for both parent and child.
It also requires careful consideration: practically, financially, and emotionally. I can attest to this as a proud adoptive single mother of two, and President of SageVest Wealth Management.
When I first explored adoption, there seemed little clear guidance about this important life event. While everyone’s adoptive experience is unique, I’m happy to share my own insights with other prospective parents. Read More
Use our year-end tax planning tips to take stock of your current tax planning and set a confident course for the New Year. To allow adequate time for planning and implementation, we recommend that you contact us to discuss these and other tax-planning strategies before December 8. Read More
At SageVest Wealth Management, we offer a highly personalized approach to wealth management, one where our focus is always on you. We get to know you and your family, and as a fee-only fiduciary, always place your best interests first. Furthermore, as a woman-owned investment management firm, we’re particularly attuned to the complexities of financial planning for women, families, and multiple generations.
We’re delighted that our dedication to exceptional personalized planning and investment advice has again been formally recognized. Read More
The allure of becoming your own boss, calling the shots, and growing your potential earnings as a business owner or consultant is a common dream. Starting and running your own business is a bold step that can equate to greatness in your financial and professional future – but it’s not without risks. There’s a lot to consider before taking the plunge. While every industry is different, there are several key elements to achieving success as a business owner or consultant. Read More
Long-term care refers to specialized, ongoing services and support that help you live as independently as possible on a daily basis. With healthier lifestyles and longer lifespans, you’re likely to need some level of long-term care during your retirement years. However, long-term care may also be necessary at other times of life, following injury or illness.
A long-term care insurance policy can help cover the costs associated with long-term care. Increasing premiums and changing requirements – including upcoming changes that are of particular importance to women – mean that now might be the best time to incorporate a long-tem care policy into your wealth planning. Read More
— It was a summer of fast-flying headlines, tweets and, sadly missiles, raising tensions and controversy.
— Fortunately, investment markets remained relatively immune to the news cycle, continuing to set new highs, and rewarding stock investors in the process.
— While the world is not devoid of risk, there are plenty of positive market attributes to celebrate as we head into year-end. Read More
October is Financial Planning month, making now a great time to think about your financial preparedness and wellbeing. Money isn’t everything in life, but it certainly helps to achieve security and to open opportunities for you and your family.
Personal finance can be complex, especially as your wealth grows. Each of your decisions must support the next, and align with your life goals. The following financial planning checklist will help you identify which financial topics you’ve got covered, and areas where we can help you to achieve your wealth and life objectives. Read More
There are many housing choices available to today’s independent retiree. These include universal design adaptations and in-home services to help you stay in your own home, downsizing to a smaller place, or entering a retirement community.
Retirement communities vary widely in terms of cost and what they offer. Some are designed communities, offering independent living for those aged 50+. Others are organized campuses that accommodate every stage of your retirement care. How do you decide if you can afford a retirement community, and which one’s right for you? Read More
Life insurance can play an important part in your long term financial planning. It’s one of the simplest ways to protect your assets and transfer your wealth. More importantly, it supports the future financial wellbeing of those you care about, providing you with peace of mind.
However, calculating how much life insurance you need and knowing what type of life insurance policy is right for you can prove confusing. We offer insights about how to determine the best life insurance elections in support of both your lifetime goals and the future security of your loved ones. Read More
As a young adult, you’re just beginning your professional and life journey. You may be fresh out of college, perhaps carrying some student loan debt. Maybe you’ve already got a foot on the career ladder. Perhaps you’re renting an apartment on your own, sharing space with friends, still living at home, or already own your own home. The concept of financial planning may seem a long way off right now; something that your parents do, not you.
Financial planning, however, doesn’t need to be either daunting or stuffy. Understanding and implementing sound cash flow management is the cornerstone of financial planning – and you may already be doing it, in some form or another. Read More
As our clients know, SageVest Wealth Management takes pride in connecting you with your wealth in impactful and meaningful ways. Our team of advisors provides personalized, comprehensive financial advisory and investment management services to individuals, families, and business owners across Northern Virginia, Maryland, and the Greater Washington, DC area.
It’s fitting, therefore, that Jennifer Myers was again recognized this year as a Top Financial Professional in the Northern Virginia area. Read More
There are many aspects to financial learning and literacy, but a pinnacle objective is learning how to save money. Being able to save for your future is critical in supporting your ultimate financial well-being, security, and long-term happiness. It’s also personally rewarding, can build self-confidence, and enhance self-esteem.
It’s important to discuss the value of saving with your kids, but lectures aren’t the best method of teaching them successful saving habits. It’s far more effective to help your kids learn through hands-on experience. Here are eight tips to help your kids become savings-savvy. Read More
Saving for retirement doesn’t happen overnight, and it can’t be achieved in just a few years beforehand. It typically takes years of focusing on your retirement objectives and capturing savings in support of those goals. If the following characteristics sound like you, congratulations! You’ve successfully embraced the immediate and long-term benefits of saving and are effectively focused on your long-term financial needs. Read More
When you’re on vacation, the allure of securing a place in paradise year-round can be intoxicating. How can you bottle that vacation bliss? Buying a second home is the most commonly contemplated answer.
Vacation home ownership offers distinct perks. However, it also entails a significant investment of money, time, and other resources. Like any major financial decision, it’s worthy of careful consideration. Ask yourself the following questions before you purchase a vacation home. Read More
The stock market’s been on a tear recently, setting new all-time records, despite a plethora of unsettling headlines about the Donald Trump Presidency, global trade tensions, the North Korean crisis, and more. Like many people, you might be questioning whether to stay invested in the stock market, or sell in preparation for a market downturn.
Market anxiety can be universal at any age, but it often peaks if you’re nearing, or are already in, retirement, when the stakes are higher to protect your nest egg. Whether you’re approaching retirement, a retiree already, or are simply questioning your investment strategy, here are five reasons to stay invested in the stock market, even at market highs. Read More
The word ‘retirement’ often has the connotation of an immediate and complete transition out of the workforce and into an uninterrupted life of leisure. However, for many individuals, full-time retirement might seem too abrupt, particularly if your work represents a significant part of your identity and is fundamental to your financial well-being. If this rings true for you, you might consider transitioning into retirement. Working part-time as you approach retirement can help to reduce stress and free up personal resources, while offering professional and financial perks.
As with all major life, work and financial decisions, there are a number of important factors to evaluate. Our ‘top of the list’ questions to ask include the following recommendations. Read More
When it comes to your financial stability, planning ahead is essential. A Home Equity Line Of Credit (or HELOC) can gain you an added level of financial security for the future, and is best considered while you’re in a healthy financial position.
Having an open line of credit on your house can be a valuable tool. It serves as a cash insurance policy, giving you financial flexibility when and should you need it, at nominal costs of securing capital. A HELOC gives you the ability to draw upon the value of your home, but you’re never obligated to do so. You can simply pay an annual fee to know that you have access, if needed, without incurring debt. When might a HELOC be of use? Read More
– The first half of the year marks one of the strongest upturns in stocks in recent history.
– Several market drivers are supporting returns, giving rise to optimism looking forward.
– Central bank actions are one notable cautionary point on the horizon, with little historical reference for consideration or predictions. Read More
Whether you’re working or retired, if you’re like most people, one of your primary goals is to enjoy more vacation time and travel. Time away allows you to relax and recharge your batteries, as well as explore and expand your horizons.
We firmly believe that your wealth should be enjoyed, including the opportunities it provides to your and your family. Travel can be a big ticket item, so here are our top tips to help you maximize your enjoyment, without maxing out your credit cards. Read More
Learning about money as a resource for life achievement is a critical aspect of your child’s development. You can encourage financially savvy kids through age-appropriate activities and responsibilities that focus on key financial principles like savings for kids, budgeting, and giving. Piggy banks, chores, and allowances are some of the traditional tools that can help support your child’s financial education.
What happens to financial literacy, though, in today’s digital age, when your kids are more likely to see you pay by swiping a credit card or phone, rather than with cash? Read More
There’s a lot in the news lately about the introduction of the US Department of Labor (DOL) fiduciary rule for financial advisors who offer retirement planning and services. Originally slated for implementation in April of this year, the ruling was put on hold by President Trump back in January. It now takes effect on June 9, 2017.
SageVest has always proudly served as your fiduciary, putting your best interests central to each of our recommendations in support of your broader wealth objectives. Following is an overview of the DOL ruling’s current form, how it’ll help investors, and more. Read More
As the long, hazy days of summer stretch ahead, it can prove challenging to find fun summer activities for your kids and yourself that keep everyone happy and occupied without breaking the bank.
SageVest’s extensive list of free activities offers interesting ideas everyone can enjoy, whatever your age. Enjoying free activities with your kids, partner, friends, or other family members is a great way to spend quality time together. Free activities not only save you money, but also demonstrate that fun doesn’t always have to come with a dollar sign attached. Read More
Washington DC residents have long been underserved and underrepresented. While we don’t have any updates on representation, we do have good news about college saving options for DC residents, and associated tax benefits.
Washington DC’s College 529 Plan recently introduced changes to add stronger investment choices and reduce fees.
This is a great saving recipe if you’re a DC resident saving for college and seeking to gain DC income tax deductions too. Read More
Jennifer 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
The stock market’s rally during President Trump’s first 100 days in office has been impressive, with post-election performance surpassed only by the stock market surge following President Kennedy’s election.
As President Trump enters the next phase of his presidency, however, questions abound about the future of investments, the economy, and the country under the not-so-new administration. We offer our thoughts on portfolio positioning under Trump, sector winners and losers, and how investors should expect the unexpected. Read More
Congratulations 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. Read More
The notion of retirement is both alluring and complex. It’s the period in your life when you want to enjoy yourself, in good health, with the resources available to fulfill a variety of life ambitions.
Today, your retirement may extend over several decades, offering incredible opportunities to enjoy, partake, and experience a host of life adventures. However, longer retirement periods also require greater resources, and planning ahead is essential. Here are twelve tips for enjoying a successful and rewarding retirement. Read More
Most 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
The cost of healthcare is a common concern for most Americans. For retirees, it’s often their number one financial priority. A combination of quickly rising health insurance costs and the potential for increased medical needs as you age can make planning for healthcare in retirement complex, unpredictable, and therefore, worrisome.
However, there are actions you can take to mitigate your risks, minimize your healthcare costs, and help you enjoy a happy and healthy retirement. Read More
For decades, home sizes have been increasing. The average American home today is about 1,000 square feet bigger than it was in the 1970s. Now, however, a competing trend is emerging. Led by the ‘Tiny House’ movement, there’s a shift towards enjoying a more minimalist lifestyle and downsizing to more sustainable living spaces.
There are a host of reasons why you might be considering downsizing your home. It may be in preparation for aging, to reduce living expenses, to simplify your lifestyle, for eco-friendly principles, or more. Whatever the reason, downsizing involves serious consideration. There are a lot of decisions to make as you embark on your downsizing journey. Read More
– The first quarter set new market highs in the Dow Jones Industrial Average and S&P 500 indices.
– While the markets remain strong, warning signs could be emerging, including political discord, rising rates and high valuation levels.
– Investors are encouraged to be mindful of risk exposure in pursuit of their desires to both grow and preserve. Read More
Target-date funds have made investing easier over the past few decades, offering investors a one-stop investment solution. Also known as life-cycle or age-based funds, they comprise of a mix of holdings that alter over time, based upon a specific target date.
Such funds have allowed many individuals to gain confidence investing beyond cash and CDs. This is a positive step forward, and there are certainly merits to using target-date funds in a number of situations. However, there are also indicators that a savvy investor should be cognizant of in advance. Read More
Money management skills lay the foundation for lifelong success, and the path to financial wisdom begins in childhood. In recognition of Financial Literacy month in April, we’re proud to announce the launch of SageVestKids, a website dedicated to helping you raise happy, financially wise children through developmentally appropriate activities and responsibilities.
Our new site has already been recognized by CNBC, Investment News, and Yahoo Finance as a rich resource for financial literacy, and we encourage you, your family, friends and others to visit SageVestKids for more information. Below are some of our top tips in brief to help you guide your kids towards financially rewarding lives. Read More
Papers, mementos, clothes, and more: there are many reasons why we amass an abundance of things that can end up making our homes look and feel messy. Keeping clutter under control enhances your home’s attractiveness, function, and value, and numerous studies prove that it can improve your overall outlook on life.
Your desire to declutter may be a response to a life event, like inheriting belongings from a family member, deciding to downsize your home, the end of a relationship, or the start of a new one. Regardless of the impetus, there’s a process to calming your clutter. Read More
Joint 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
If 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
For many of us, our home is our largest asset. It also represents one of the biggest decisions to be made in retirement. Choosing whether to stay in your home or to move is a common consideration, as you enter retirement or at a later date. There are a multitude of things to contemplate, including location, family and friends, memories, climate, home maintenance, finances, and your health, just to name a few.
If you, a family member or a friend are deliberating on this topic, we offer some insights into the most important aspects of this decision, to help you evaluate your housing options, now and longer-term. Read More
An important aspect of financial planning is not only balancing your expenses on a day-to-day basis, but also planning ahead for larger anticipated expenses. A wedding is a joyous celebration. Yet the big day can also come with a big price tag; the average American wedding in 2015 cost more than $30,000.
Whether you’re paying for your own wedding, or you’re a parent or grandparent footing the bill or sharing the costs, it’s important to set a realistic budget for the event and plan accordingly. Here are some subtle ways to save on costs, while still achieving a perfect day. Read More
The 2017 tax filing season began on January 23, 2017. That’s the day that the IRS began accepting electronic tax returns. Electronic filing is now the most popular method for preparing and submitting tax returns, accounting for more than 80% of total returns filed in the US. Altogether, an estimated 153 million individual returns will be submitted during the upcoming tax year.
This year sees a number of updates to tax return processing. In line with our commitment to facilitate client tax preparations, we offer an overview of the latest IRS updates. Read More
President Trump has hit the ground running since his inauguration, with a flurry of executive activity on many different fronts. While it’s early in the new administration to start making forecasts, a number of key strategies aimed at boosting the economy also suggest that a potentially inflationary environment could be ahead.
A healthy growing economy would be a positive step forward for the US. Furthermore, some additional level of inflation could be a welcome event after years of relative stagnation. However, potential signs of inflation always deserve some advance consideration, both within your investments and within your personal finances. Read More
The Dow Jones Industrial Average (Dow) recently topped 20,000, setting a new record high and achieving a symbolic moment in US investment history. Investor sentiment has been climbing for a number of months, and a recent post-election market rally energized the Dow to finally cross this much-anticipated market boundary. The last time the Dow crossed such an important threshold was in 1999, when it hit 10,000.
This recent market movement begs the question of what happens next. Could this latest defining moment in the Dow’s history echo the downturn that followed 1999’s high point, when it took 11 years to re-secure the Dow’s standing of 10,000? Alternatively, will the momentum continue, extending the second longest market rally in recent times, and providing investors with increased opportunities for financial advancement? Read More
What Frank Sinatra didn’t mention in his famous song is who pays for the horse and who pays for the carriage. Opposites often do attract, and that includes opposing money styles.
To help ensure harmony at home, SageVest offers some guidance on how to improve your relationship with money and with your partner. Read More
More 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
– 2016 was a historic year in politics and the markets, with surprise reactions to populist movements.
– 2017 will undoubtedly bring changes with a pro-growth, pro-business administration, possibly fueling an extended bull market.
– Valuations are rich, potentially supported by rising earnings, but stand as a warning signal. Read More
For many people, the New Year brings the promise of change and a fresh outlook on life. New Year resolutions can help you define and achieve personal goals, family initiatives, career ambitions, home projects, dream travel plans, and much more.
Including wealth planning in your New Year resolutions helps to ensure that your money works in support of your life objectives. It also defines a clear pathway toward your personal and family objectives. SageVest offers the following resolutions to encourage a fulfilling financial future for all. Read More
The holiday season brings a host of opportunities to use your wealth in meaningful ways, as you focus on loved ones, share festive wishes with those near and far, and consider year-end giving objectives.
SageVest chooses the holiday season to extend our best wishes for your health, wealth, and happiness throughout the festive season and into the New Year. We also choose this special time of year to direct our company’s philanthropic endeavors. This year, in addition to our traditional charitable partnership, SageVest asked for your input in selecting other deserving organizations in need of our support. The votes are in and the winners are … Read More
Entering retirement debt-free is psychologically and financially liberating. Yet for many individuals, enjoying lower expenses during retirement can turn out to be nothing more than a myth, in large part due to your mortgage.
Your mortgage payment is typically your largest monthly obligation. Today, people seldom stay in the same house long enough to pay off a 30-year mortgage. Even if they do, many people restart the payment clock by refinancing or by taking out a home equity loan. Here are seven tips to consider if you’re contemplating your mortgage as you enter retirement. Read More
For many people, one of the greatest joys that wealth can bring is the opportunity to give to a charitable cause that reflects your personal values, individual beliefs, or life experiences.
In support of your giving goals, here’s a quick list of tips to enhance the value of your charitable gifts, both during the upcoming giving season and throughout the year. Read More
If 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
Discussing your wealth and your wishes with loved ones in advance is essential to safeguarding both your requests during your lifetime and your bequests in the future. Yet it’s typically the single most avoided conversation for most families.
Planning ahead can help define preferences, avoid hurt feelings and confusion, and ensure a smooth transition of wealth to later generations. Read More
With year-end approaching, tax planning becomes a key factor, particularly considering possible tax changes following the recent election. It’s impossible to predict the full landscape of changes that might occur in 2017 or beyond. However, now’s the time to take stock of both current and potential future opportunities.
Here are our top recommendations and related potential tax changes based upon current tax reform plans under consideration. We encourage you to contact us to discuss these and other end-of-year strategies before December 15th. This ensures you have time to think, plan and act, as most tax planning must be implemented before December 31st. Read More
Each 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. Read More
Up until last night, the polls and the markets had largely anticipated a Hillary Clinton win. Donald Trump’s victory has introduced an element of uncertainty, something that the markets typically don’t favor.
The SageVest team provides comprehensive and customized investment management and financial planning services to individuals, families, business owners, and others throughout the Greater Washington, DC, area. While our services are broad in scope, our results are in-depth, coordinated, and tailored to your unique wealth management needs.
We are proud to announce that SageVest President, Jennifer Myers, was once again named as a Top Wealth Advisor for the Washington, DC Metro area. Read More
The 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
– The third quarter was docile, allowing markets to advance and support modest, yet encouraging, year-to-date results.
– US elections and a December meeting of the Federal Reserve could make the fourth quarter more volatile as the markets await and absorb results.
– Absent a resurgence in corporate earnings, investors might need to gain comfort with more speculative momentum investing. Read More
For 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
You can honor your loved one through careful stewardship of the inheritance. There are multiple factors to consider when deciding how best to invest your windfall. Take your time to make reasoned and logical decisions that support your long-term life goals, including retirement. Jennifer Myers recently discussed how personal investment tolerance and the size and nature of the inheritance can impact these important decisions, in US News & World Report’s article: ‘How To Invest An Inheritance For A Comfortable Retirement‘.
For the past several years, many investors have been tempted by the too-good-to-be-true descriptions of structured CDs (also known as market-linked CDs). These instruments often claim to offer the upside of stock market or other investment exposure, with little-to-no downside risk.
Enough years have now passed since the inception of structured CDs to allow adequate evaluation of their investment results. A recent analysis reviewed their effectiveness, and the results support the age-old saying of, “If it sounds too good to be true, it probably is.” Read More
It’s gratifying when these qualities are recognized by others.
We are pleased to announce that Jennifer Myers is the recent recipient of the following award for the Northern Virginia region. Read More
Life 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
When 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‘.