There’s a lot to at stake when you’re interviewing a financial advisor to guide your wealth decisions and help you achieve financial security. You want someone who possesses the knowledge, experience and qualifications you need, at a price that’s reasonable, and with a dialogue that’s meaningful to you. We offer 20 important questions to ask a financial advisor across four key categories, to help you make the best choice.Read More
Summer is approaching. That means warmer weather and, for parents of school-age kids, summer expenses.
From summer camp and family vacations, to play dates and pool time, the costs associated with keeping your kids entertained during the long summer days can quickly send your family budget into disarray. Our sister site, SageVest Kids, offers some tips on how to keep your longer term financial goals on track, with Affordable Summer Activities For Kids.Read More
The outlook for annuities was dim in 2017. Now that the Department of Labor (DOL)’s fiduciary rule has, at a minimum, been postponed, annuity sales could be on the rise, as commission-based agents have the ability to sell in greater volume. Annuities offer slick marketing materials, but sadly, the contents are often misleading. This is largely because they’re considered insurance products, exempting them from many SEC regulations. We offer tips on reviewing annuities, and red flags to beware of.Read More
Bond prices and bond investment returns have recently fallen under pressure as interest rates have been rising. As such, some investors are turning to CDs for a guaranteed rate of return in the wake of modest dilution in bond values. While mitigating losses in bonds makes sense and is tempting, we offer the following investment insights in weighing the pros and cons of bonds versus CDs in a potentially rising interest rate environment.Read More
Learning to drive, getting a job, heading to college: these are just some of the new life challenges your teen will face as they become young adults. Having positive self-esteem helps empower them to act responsibly, make wise decisions, and critically evaluate problems and risk. All are important skills to learn in support of their personal, career, and wealth success in adulthood. Together with child development specialist, Jennifer Dunn, we offer some ideas on how to support and inspire self-esteem for teens.Read More
Often, a combination of schoolwork and extra-curricular activities can make it challenging for your kids to work during the school year. However, as summer approaches, now’s a perfect time for your teen and/or college student to pick up a summer job or internship opportunity. The benefits include increased confidence, greater employability, and of course, an income. SageVest Wealth Management offers some tips on finding the perfect summer job or internship, courtesy of our sister site, SageVest Kids.Read More
Required Minimum Distributions (RMDs) are an important part of your financial landscape in retirement. Most people must start taking RMDs from qualified retirement accounts at age 70½, or earlier for inherited IRAs. Here’s what you need to know about RMDs: what RMDs are, accounts subject to RMDs, important deadlines, and more. Understanding RMDs will help avoid penalties and optimize your distributions for tax purposes.Read More
May marks #National Family Wellness Month, a time to focus on health and well-being together by getting active after the long winter, eating right, and thinking positive.
As a top-ranked investment and wealth manager in the DC area, we think that your family’s sense of wellbeing should also extend to your finances. A strong financial foundation fosters confidence, security, and peace of mind, supporting a healthy and happy lifestyle for you and those you care about. Here are some tips to ensure financial wellness for the whole family.Read More
Maximizing profits is one of the key components of achieving success for your business. One approach that many business owners consider is paying yourself little or nothing, in order to limit expenses. However, this can have significant financial consequences, both for you and your business.
SageVest Wealth Management offered a broad discussion of this perennial topic in our article entitled Taxable Pay For Business Owners. More recently, Jennifer Myers offered some select advice to Business.Com, in ‘How Should Entrepreneurs Pay Themselves?’Read More
As a woman-owned investment management and financial planning firm, SageVest Wealth Management is particularly cognizant of the unique challenges faced by women when it comes to balancing personal, family, career, and financial objectives.
One of the most common considerations is whether it’s financially feasible for one parent to stay home with the kids while the other partner becomes the prime breadwinner. Jennifer Myers recently talked with lifestyle blog, Motherly, about how to plan financially for this scenario, in ‘Yes, It Really Is Harder For Families Now To Get By On A Single Income’.Read More