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
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
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 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
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
Entering a new romantic relationship at any age brings excitement, possibilities, and energy. It also entails considerations of compatibility on a multitude of levels, including financially.
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.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 of SageVest Wealth Management 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
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
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