How Tax Reform Affects Your Alimony (Apr 13, 2018)

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, SageVest Wealth Management has a number of answers for you.

Read More

A Step-By-Step Guide To Financial Literacy For Kids (Apr 9, 2018)

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?

SageVest Wealth Management’s 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

A Volatile Start To The Year (Apr 3, 2018)

SageVest Wealth Management’s quarterly commentary is now available, reviewing the first quarter of 2018. Highlights include:

– 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.

Read More

Teaching Your Kids About Money Before College (Mar 23, 2018)

Preparing to send your teen off to college can be an exciting, busy and stressful time. There’s a lot to plan for, with little time remaining.

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 (Mar 22, 2018)

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. SageVest Wealth Management offers tips and insights about renting versus buying.

Read More

5 Key Considerations On The Bull Market’s Ninth Anniversary (Mar 9, 2018)

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. SageVest Wealth Management offers 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

Women’s Financial Achievements, Today And Looking Ahead (Mar 7, 2018)

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

Three Cheap And Easy Ways To Protect Your Wealth (Mar 6, 2018)

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

Fun Books About Money And Financial Literacy (Mar 2, 2018)

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!

There are plenty of board games, apps, and other tools available to encourage sound money habits, but as March 2 is Read Across America Day, we thought we’d share some fun books about money and financial literacy from SagVest Wealth Management’s sister site, SageVest Kids.

Read More

Top 10 Retirement Myths (Feb 27, 2018)

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