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, SageVest Wealth Management offers 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, SageVest Kids offers 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, 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.Read More
Thoughtful and open discussions about money are a vital, yet often overlooked, aspect of your financial planning. Talking about money with loved ones can fulfill a variety of purposes, depending on who you’re talking to, and what you’re discussing; from establishing a strong financial education in youngsters, to defining your intentions beyond your lifetime for future generations.Read More
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.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, SageVest Wealth Management has a number of answers for you.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?
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
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