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Measuring The Stock Market

By Bennett Whitlock Every day we hear numbers that evaluate the stock market’s performance, such as the Dow Jones Industrial Average or the NASDAQ Composite Index. There are a myriad of market indices, and it may seem like they are all measuring the same thing. However, each index evaluates the market in a different way. Dow Jones Industrial Average (DJIA) …

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Merging Finances When You Begin a Life Together

By Bennett Whitlock, CRPC®, Private Wealth Advisor When a couple makes the decision to bring their lives together, it’s inevitable that their financial lives will become intertwined. It’s more common for couples to choose to marry or live together at a later age than was typical for previous generations. Also, couples may be coming together after one or both partners went through a divorce. In …

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What Currency Fluctuations Mean to an Investor’s Portfolio

By Bennett Whitlock One of many variables that can affect investment performance is fluctuation in the value of currencies. In general, American investors focus primarily on how the U.S. dollar compares to currencies of other countries. It isn’t easy to forecast likely investment outcomes based on the direction of these markets. But it is helpful to understand how changes in …

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Are Your Finances Ready for Fun?

By Bennett Whitlock While the best things in life are free, as the saying goes, some of life’s great experiences do have a price tag. If you’re considering fulfilling your childhood dream of hiking the Appalachian Trail or you’re offered tickets to see your favorite team play in the championship game, you know these experiences can be costly. Yet these …

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Eight Ways to Save More for Retirement

By Bennett Whitlock Most financial professionals agree that you should save as much as you can, or at least 10-15 percent of your salary for your golden years1. If you’re not saving that amount, or need more to achieve your ideal retirement, how can you add to your savings without drastically changing your lifestyle today? Here are eight ways to …

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The Keys to Having Successful Financial Conversations when You’re Engaged

By Bennett Whitlock While money is a leading cause of marital strife, a recent Ameriprise study found that nearly seven in ten couples say they have good financial communication. Before wedding planning kicks into high gear, make conversations about your finances a priority. Taking the time today to talk through money matters can create a solid foundation for your collective …

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Putting Your Financial Affairs in Order After the Loss of a Spouse

By Bennett Whitlock The passing of a spouse can take a heavy emotional toll on anyone. Especially early on, newly bereaved widows or widowers may find it difficult to get through each day, much less focus on items that involve paperwork and investments. But, while everyone grieves differently and on their own timetable, it is important for those who’ve suffered …

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Amante DeCastro, CFP® Celebrates 10 Years with Whitlock Wealth Management

Provided by Whitlock Wealth Management On Wednesday, financial advisor Amante DeCastro celebrated 10 years with  Whitlock Wealth Management and 13 years with Ameriprise Financial. Amante has served residents of the Northern Virginia area since 2004. His office is located at 12848 Harbor Dr. Suite 101 Lake Ridge, VA 22192. As a financial advisor, Amante provides financial advice that is anchored …

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Communicating with Your Siblings About Money and Aging Parents

By Bennett Whitlock Many adult children are called upon to help their aging parents as life changes set in, yet only 65 percent of siblings report talking about money with one another, according to research by Ameriprise Financial. While only 15 percent of siblings have conflicts over money, when siblings do spar over finances, it’s usually about their parents’ situation. …

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Financial Considerations for Foster Care and Exchange Students

By Bennett Whitlock, CRPC®, Private Wealth Advisor If you are considering becoming a foster or host parent, make sure you also anticipate the potential financial impacts. Foster parenting Most families will be reimbursed for at least some of the costs that they incur, including medical and dental care, which is normally paid for by the state. However, it is important to note that the …

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