June, 2020 | Fee-Only, Fiduciaries | 100% Virtual Financial Advisors

How Age Impacts Your Investment Decisions

September 30, 2020/in Budgeting, Financial Planning, Retirement Planning /by admin

Your mindset and goals continually evolve over time. At age 25, you might be focused on paying off student loans and saving up for your first home. Your career is just getting started, and post-work years are well into the future. At 50, however, you’re starting to imagine a time when the career hustle won’t be a part of your life anymore — and neither will your usual income setup. Just as your life changes, your investment decisions may develop as well.

How to Maintain Resilience when Facing a (Financial) Crisis

September 29, 2020/in Economy, Financial Planning, Recession, Retirement Planning /by admin

Hi, I’m Jamie Lima with Woodson Wealth Management, and I’m here to give you the antidote to fear and uncertainty by taking action.

One of the foundations of a solid financial plan is RESILIENCY, which is the ability to get through a crisis without derailing your future.

You’ll Spend Thousands on Healthcare This Year. Can an HSA or HRA Help?

September 27, 2020/in Budgeting, Financial Planning, Healthcare Costs, Retirement Planning, Tax Management /by admin

The average annual healthcare expense per individual rises from roughly $2,000 for 19-year-olds to about $11,000 for retirees (age 65+).¹ As Americans pay more for medical care, they often seek ways to save for emergencies. Health savings accounts (HSAs) and health reimbursement accounts (HRAs) can help.

You’ve Taken a Financial Hit During COVID-19. Use These 5 Techniques to Overcome Financial Stress

September 25, 2020/in Budgeting, Economy, Financial Planning, Recession, Retirement Planning /by admin

Beginning in February and March 2020, America, Canada and Europe locked down cities, closed businesses and halted travel amidst the onset of COVID-19. Six months later, we’re still experiencing the pandemic’s global impact in our communities. A record number of people have applied for unemployment in America since March, and millions are still left jobless, behind on their bills or struggling to make ends meet. If you and your family have been financially hit during the COVID-19 pandemic, here are a few things you can do to help handle and overcome your financial stress.

WWM In the News: Advisors Face Retirement Income Literacy Gaps Among Clients [WealthManagement.com]

September 24, 2020/in Financial Planning, Healthcare Costs, Media Coverage, Press, Retirement Planning /by admin

Copyright Ralph Orlowski, Getty Images

Advisors often face gaps in financial literacy among clients, but the when it comes to retirement income, the blank stares can be particularly worrisome. Advisors say clients still too often don’t know what a sustainable monthly withdrawal rate is, and sometimes don’t know to think about the possibility of long-term care—putting the job of educating clients on retirement issues, as well as planning for them, on the advisors’ shoulders.