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Most CARES Act Benefits Are Ending on Dec. 31st. Are You Prepared?

November 30, 2020/in Economy, Financial Planning, Tax Management, Taxes /by admin

The CARES Act was passed on March 27, 2020 amidst the onset of COVID-19 in America. The package included over $2 trillion in economic relief for businesses, workers, families and governments.¹

Now, the year is almost over – and some benefits included in the CARES Act are expiring. Many Americans have relied on these benefits to make ends meet throughout the course of the pandemic, and there’s widespread uncertainty about benefits coming in the future.

Understanding Your Risk Tolerance

November 23, 2020/in Behavioral Finance, Financial Planning, Investments /by admin

One of the very first things we discuss with our clients is risk tolerance.

How do you handle risk?

How do you feel towards money? And, so on.

This is an incredibly important part of the financial planning process and it helps us do a better job of providing #fiduciary advice.

Here are 5 things you can do to better determine your own unique tolerance for risk when it comes to your investments. Want an investment Personality Test?

Just reach out, and we’ll be happy to send one your way.

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Why are fee-only advisors different? Three key things…

November 17, 2020/in Financial Planning, Investments, Retirement Planning /by admin

Hi, I’m Jamie with Woodson Wealth Management, and I’m going to help you sidestep some major headaches, save you time, and put more money in your pocket.

First – some quick background about the changing financial services industry:

Over the last 15 years, our industry has gone through some dramatic shifts. At the outset of my career, folks had to look to the Wall Street Journal or call their stock broker for information on a particular stock or what’s going on in the markets. Now, you can get your news and updated stock quotes in just seconds.

Fight with your desires for a debt-free life

November 10, 2020/in Behavioral Finance, Budgeting, Financial Planning /by admin

Guest post by: Bethaine Parker of Debt Consolidation US

Getting into and creating tens of thousands of dollars of debt is easy but getting out of it can be a silent killer and take decades to pay off.

When you make the last payment and become debt free, you may want to reward yourself. The problem occurs when you’re not attentive; it’s easy to slide back into the same spending habits and you may end up right back where it started.

Here are a few tips that may help you to stay on track and keep you out of debt for good.

Now That We’ve Taken a Deep Breath, Here’s a Reminder About Presidential Elections & the Stock Market

November 9, 2020/in Economy, Election, Stock Market /by admin

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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.

Biden Has Won the Presidential Election: Here are the Tax Changes You Should Prepare For

November 9, 2020/in Economy, Election, Financial Planning, Healthcare Costs, Tax Management, Taxes /by admin

Election Day 2020 – My thoughts and what you need to focus on

November 3, 2020/in Economy, Election /by admin

Well, it’s the day we’ve all been waiting for.

Regardless of who wins tonight, tomorrow (next month?), here are my last words of encouragement as it relates to the Election.

Get your popcorn ready!

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What’ll happen with the outcome of the election?

October 27, 2020/in Behavioral Finance, Economy, Election, Financial Planning, Stock Market /by admin

Hi, I’m Jamie Lima with Woodson Wealth Management, and I’m here to help you keep cool, calm, and collected in these uncertain times.

I’ve been hearing many questions and concerns from folks about the upcoming elections, especially in light of the President’s previous COVID situation, and the turmoil in Washington.

Trump supporters are worried about a Biden win.

Biden supporters are nervous about a Trump win.

Whichever side of the political divide you sit on, you might be anxious about who is going to win and what it could mean for your money.

I get it. Emotions are running high, and the way things are going this year, it seems like anything could happen. I’m not here to make predictions, but I can offer some insight.

So… will it actually be the end of the world if “the other guy” wins? Here are three things to keep in mind.

One: We can expect market volatility because we’re in uncertain times. The good thing is that we can prepare for that volatility and mentally get ready.

Two: Even if the other guy wins, his ability to change regulations really depends on what happens with the House and Senate. If the two branches of government remain split, we probably won’t see major changes any time soon.

Three: While the election is top of mind right now, it’s not the only thing driving markets. We’ve got a pandemic, an economy recovering from a recession, and a society undergoing major shifts. My job is to keep an eye on all of that, so you don’t have to.

I can’t predict who will win or what will happen next. But, I can help you work through scenarios and make plans for an uncertain 2020 and 2021.

If you have questions about how the elections might affect your portfolio or you’d like to talk one-on-one, please use the form below to send me a message. I’ll respond personally.

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