What You Need To Know About Required Minimum Distributions (RMDs) (May 15, 2018)

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.

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National Family Wellness Month (May 7, 2018)

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, SageVest Wealth Management thinks 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.

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Giving Your Kids An Allowance (Apr 17, 2018)

Giving your kids an allowance is a vital part of their financial education. It’s an early step towards financial independence, and can teach them basic budgeting, sensible saving, and wise spending.

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? SageVest Wealth Management’s sister site, SageVest Kids, provides answers to these and other common questions that parents have about allowances for kids.

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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.

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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.

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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.

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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.

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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.

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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.

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