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Five Tips New Investors Should Know

By Bennett Whitlock If you are just getting started on investing, it’s important to get a grasp on the basics. A proper perspective from the beginning may improve your opportunities for long-term investment success. Here are five concepts that can be helpful for new investors to understand: If you are young, time is on your side Building wealth through investing …

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Before Giving to Your Grandchildren, Consider These Tips

By Bennett Whitlock Many grandparents take joy in giving gifts and money to their grandchildren. Whether paying for groceries or establishing a college savings fund in their name, providing financial support for grandchildren can be a wonderful gesture, but it should be managed within the context of an overall financial plan. This is particularly true for those in or nearing …

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What You Need to Know About Required Minimum Distributions

Provided by Whitlock Wealth Management Age 70-1/2 represents an important milestone for your retirement savings. Once you reach this age, you will need to begin withdrawing money from your retirement accounts. The Internal Revenue Service (IRS) requires you to take these mandatory annual withdrawals, which are formally known as Required Minimum Distributions (RMDs). RMDs apply to assets held in individual …

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Don’t Derail Your Retirement: Watch for These Three Risks

Provided by Whitlock Wealth Management If you’re in or nearing retirement, you’re likely thinking about it as a time to relax, check items off your bucket list and enjoy what you’ve earned. But from a financial standpoint, it’s important not to get too comfortable. Once you leave the workforce, you will likely be reliant, at least in part, on your …

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Expo Aims to Help People with Housing in Northern Virginia

Provided by Prince William County The 2017 Northern Virginia Housing Expo will be held this year on Saturday, March 18, between 10:00 a. m. and 3:00 p. m. at Dominion High School at 21326 Augusta Drive in Sterling in Loudoun County. The expo, which rotates location in the Northern Virginia area every year, is aimed at helping people with the …

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Five Reasons to Plan for the Unknown

Provided by Whitlock Wealth Management When you plan for the future, you may think about positive events such as marriage, starting a family, retirement or grandchildren. Yet there are other life changes such as job loss, illness, disability, or needed to care for a family member, that can take an emotional and financial toll. While it’s natural to avoid thinking …

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Car Leasing or Buying: Which Option is Right for You?

By Bennett Whitlock, CRPC®, Private Wealth Advisor What’s the best route to acquiring a new and reliable set of wheels? Choosing the make and model of the vehicle you wish to drive, and other factors like amenities and mileage, is important. However, from a financial standpoint, one of your most important decisions is whether to lease or buy. Leasing a …

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Apple Federal Credit Union Releases 2017 Top Tips for Homebuyers

Provided by Apple Federal Credit Union With the spring market around the corner, Apple Federal Credit Union today released its 2017 list of Top Tips for Homebuyers to help new homebuyers prepare for the experience. Typically, the spring market between March and Memorial Day is the busiest of the year. “We expect a robust spring market in the Northern Virginia …

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Free Resource Can Help People Meet Savings Goals

Provided by Prince William County Saving money isn’t always easy, but the Prince William Saves – America Saves website can help people set goals, make plans and meet their savings goals to take control of their future. Prince William Saves is run by the Virginia Cooperative Extension (VCE) and is the local arm of the America Saves program. Patricia Contrades, …

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Is Your Child Considering a Gap Year?

By Bennett Whitlock, CRPC®, Private Wealth Advisor A growing number of U.S. students are taking time after high school to expand their horizons. The “gap year” uses the time to gain real-world work experience, become more involved in volunteer work or learn more about other cultures through traveling. Asking your child some important questions can help you both determine whether …

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