Breaking News
Home » your finances

your finances

Five Steps to Retire from Your Business with Confidence

By Bennett Whitlock | Whitlock Wealth Management As a business owner, you’ve poured your time and energy into making your company successful. But how much thought have you given to what will happen when you relinquish this role? Sooner or later, you will step down and hand the reins to someone else. Even if you intend to work for many …

Read More »

Is There a Right Time to Take Social Security?

Provided by Bennett Whitlock Social Security benefits are a cornerstone of retirement income for many Americans. Yet, deciding when to start collecting benefits can be a puzzle, and the solution is different for everyone. You can claim Social Security as early as age 62, or delay it until your 70th birthday. The longer you wait, the larger your monthly benefit …

Read More »

Financial Considerations for High-Income, High-Debt Professionals

By Bennett Whitlock | Whitlock Wealth Management Doctors, lawyers and other highly-trained professionals often have their sights on lucrative salaries once they complete their courses of study – but many are also saddled with a less pleasant graduation gift: outstanding student loans. For those who’ve landed a well-paying job in their desired fields, the dual reality of commanding a big …

Read More »

Preparing Your Portfolio for Retirement

Provided by Whitlock Wealth Management Think about this analogy: When an airplane is preparing to land, it doesn’t descend 30,000 feet in a matter of seconds. Rather, it happens gradually. The pilot adjusts to the landscape and weather conditions to assure a soft landing. In the years leading up to retirement, you should begin to treat your investment portfolio in …

Read More »

The Benefits of Donating IRA Distributions to Charity

By Bennett Whitlock, Whitlock Wealth Management If you’ve accumulated a significant amount of money in traditional and rollover individual retirement accounts (IRAs), you may want to consider tax-efficient strategies that can reduce your tax burden and benefit your favored charities. IRAs, while an effective tool for retirement savings, may also create tax challenges when you start taking distributions, which are …

Read More »

Five Ways to get a Jump on 2017 Tax Savings

By Bennett Whitlock, Whitlock Wealth Management With the April deadline for filing taxes behind us, it can be easy to put taxes out of your mind until next filing season. Before you do, review your financial situation to see if you could benefit from early tax planning. A little organization today may help you reduce your 2017 tax burden. Review …

Read More »

Supporting Aging Parents with their Finances

By Bennett Whitlock, CRPC®, Private Wealth Advisor Keeping track of finances takes time, attention and energy at any age. In the case of older adults, health challenges, such as memory loss, can make it difficult for them to manage their financial obligations. Here are a few items to keep in mind that can help protect your parents from financial missteps. …

Read More »

Small Savings Can Make a Big Difference

Provided by Whitlock Wealth Management It can be easy to overlook the importance of saving for retirement, especially when you’re focused on shorter-term financial priorities such as buying a new car or saving for college. However, it’s crucial to consider your long-term financial security and make saving for retirement a priority. If you start early and save regularly, even small …

Read More »

Take a Fresh Look at Your Finances

Provided by Whitlock Wealth Management Remember those financial resolutions you committed to at the beginning of the year? If they seem like a distant memory, the start of summer can be a great time for a reset. Follow the tips below to refocus on your financial goals during the dog days of summer. Start with a clean slate. Review your …

Read More »

Rep. Comstock Joins Reps. Coffman and Maloney In Introducing The First-Time Homebuyer Savings Account Act

Provided by Congresswoman Barbara Comstock’s Office Congresswoman Barbara Comstock (R-VA) has joined Congressmen Mike Coffman (R-CO) and Sean Patrick Maloney (D-NY), for the bipartisan reintroduction of H.R. 2802, the First-Time Homebuyer Savings Account Act.  “Buying a home is one of the best ways to lift people into the middle class and keep them there, which is why this bipartisan legislation …

Read More »