Blog | Certified Financial Planner in Ramona and San Diego | Fiduciary Advice | Retirement Planning and Investment Management

3 Reasons why hiring a fee-only financial advisor should be important to you.

March 11, 2021/in Financial Planning, Investments /by admin

Choosing a financial advisor is an incredibly important task, I know. After 15 years of helping clients make this decision, I can sympathize with you. There’s the endless phone calls, meetings, data gathering, and other time-consuming tasks.

Add in a pandemic, market volatility, and life in general, it’s easy to see why you may be paralyzed by decisions like this.

That’s why I created the Emerging Millionaire Method™ – to make these decisions and the financial planning process so much simpler for you.

Personally, it wasn’t an easy decision for me to leave the safety and security of a well-know financial services firm to launch my own Registered Investment Advisory practice. But, after months of agonizing over the decision and speaking with trusted clients, friends, family, and colleagues, I did. Because your financial well-being matters to me.

This is not just fluff, but I firmly believe in my heart of hearts, that I am in a better position now to give you the service and financial advice you deserve.

I hope you can sense the passion I have for helping and working with people like you.

To that end, I made a quick video discussing three things you need to know to before you choose whom to work with and how to work with them.

I hope you will take a couple of minutes to watch. I believe it will save you some serious headaches and money.

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You’ve Been Told Owning a Home Is Better (Financially) Than Renting. But Is That True For Everybody?

March 11, 2021/in Behavioral Finance, Budgeting, Financial Planning, Investments /by admin

Buying a home is one of the biggest financial decisions that you will make in adulthood and for many people, this may be seen as a part of the “American Dream.” While it can feel good to own something rather than rent, it’s not for everybody and can come with costs and limitations.

If you’re having a hard time deciding which option is best for you, consider the pros and cons of owning a home versus renting.

[Infographic] Retirement Plans for the Self-Employed: A Comparison

March 2, 2021/in Taxes, Retirement Planning, Tax Management /by admin

SEP? SIMPLE? SEP-SAR? Which small business retirement plan is best for your company? Here’s a simple breakdown:

retirement-plans-for-the-self-employed-a-comparison-infographic

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This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Active vs. Passive Investing: Here’s what you need to know

March 2, 2021/in Investments /by admin

Even with the onset of COVID-19, major online brokers saw new accounts grow as much as 170 percent in the first quarter of 2020.¹ For investors, whether working with an advisor or taking a DIY approach, it’s important to understand the fundamental differences between two common investing practices – active and passive.

With Tax Law Changes Coming, A Mega “Backdoor” Roth IRA Contribution Could Come in Handy. Here’s How it Works.

February 12, 2021/in Financial Planning, Investments, IRA, Tax Management /by admin

Reaching retirement is exciting, but having enough to maximize your quality of life during retirement is key. You’ve likely heard of a backdoor Roth IRA, but for some looking to maximize their withdrawals in retirement, a mega backdoor Roth IRA may be the way to go.

What is a mega backdoor Roth IRA? Below we’re breaking down what you need to know about this retirement savings strategy.

[PRESS RELEASE] Jamie Lima partners with the Association of Financial Educators

February 12, 2021/in Financial Planning, Media Coverage, Press /by admin

Jamie Lima partners with the Association of Financial Educators

Woodson Wealth Management to provide ongoing seminars and webinars to promote comprehensive and widespread financial literacy.

FOR IMMEDIATE RELEASE

Ramona, CA – February 16, 2021 – Jamie Lima is proud to announce a new partnership with the Association of Financial Educators (AFE). Established in 2008 with the mission of promoting widespread and comprehensive financial literacy, AFE is the market leader in providing free educational workshops to companies, organizations, institutions and entities of all sizes and in all market sectors throughout North America.

Over the last decade, AFE has worked with thousands of these groups to educate and uplift their employees and members through expertly taught, easy to understand workshops. AFE members are bound by a rigorous Code of Conduct that demands transparency, accountability and integrity, and agree to share their knowledge without discrimination or bias.

AFE’s members are comprised of experts in dozens of finance-related fields including investing, estate planning, tax, real estate, wellness and many more. These expert instructors generously donate their time in an effort to empower corporate and community groups to take control of their financial futures. AFE’s members share the common goal of fighting financial Illiteracy, gaining community exposure, and empowering through education.

“I spent my entire career working for large organizations, overseeing nearly $1.8 billion in assets and have worked with hundreds of households along the way. I consider myself, and any advisor we add to the firm, to be a financial educator first and foremost” said founder and president, Jamie Lima. “We don’t have quotas or sales goals, but we do have aspirations of helping as many people as we can make good financial decisions.”

After 15 years of working as a financial planner for Morgan Stanley and, most recently, Fidelity Investments, Mr. Lima launched Woodson Wealth Management last summer as an independent, fee-only advisory firm with a mandate to approach all of the advice provided from a fiduciary perspective.

To learn more about Woodson Wealth Management, please visit www.woodsonwm.com.

About Woodson Wealth Management

Woodson Wealth Management is a fee-only financial planning and investment management firm dedicated to serving Gen X, Gen Y, and retirees for a monthly subscription fee and without product sales or steep minimums. Woodson Wealth Management advisors seek to create strategies for our clients so they can continue to do what they love to do with ZERO financial stress.

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Before Completing Your 2020 Tax Return, Keep These 5 Filing Tips in Mind

February 12, 2021/in Tax Management, Taxes /by admin

Filing taxes always feels a bit tedious, and this year brings particular uncertainty with changes brought on by the pandemic. Stay the course for filing your 2020 tax return while keeping these five tips in mind.

Filing Soon? COVID-19 Will Likely Impact Your 2020 Tax Return. Here’s How

February 8, 2021/in Tax Management, Taxes /by admin

The CARES Act, a direct response to the economic turmoil caused by COVID-19, sought to provide economic support to millions of Americans. This support extended to the way taxes are filed and processed for 2020, creating additional benefits depending on your circumstances. Read on to learn five ways the events that took place in 2020 could affect your taxes.

What’s My 2021 Tax Bracket?

February 8, 2021/in Tax Management, Taxes /by admin

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You Skip Starbucks & Pack Your Lunches, But Is Frugality the Key to Reaching Retirement?

February 8, 2021/in Behavioral Finance, Budgeting /by admin

For many, preparing for retirement means spending strictly and limiting unnecessary expenses during their working years. Saving money is important, and people at every income level vary in their ability to be frugal.

You may have heard that simply avoiding small expenses – such as eliminating your daily trips to the coffee shop – can lead to big savings over time. But are skipping on small expenses really the key to reaching your retirement goals?