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In Unpredictable Times, Stay the Course

Provided by Whitlock Wealth Management So far, 2017 has been an eventful year, with a seemingly endless stream of fast-breaking developments coming out of Washington and other parts of the world. Through all this commotion, the stock market has posted significant gains. Investors who have stayed invested in stocks have likely been rewarded. At the same time, investors can’t assume …

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Essential Conversations about Family Wealth

Provided by Whitlock Wealth Management How confident are you about your family’s finances? How often do you discuss money with your loved ones? According to the Family Wealth Checkup study by Ameriprise Financial, there’s a correlation between financial confidence and communication. While many families are discussing financial issues, they tend to shy away from diving deep into topics like inheritance …

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Five Questions to Consider Before Downsizing Your Home

By Bennett Whitlock, CRPC® Private Wealth Advisor Many retirees are looking for convenience, simplicity and accommodations more suited to their needs as “empty nesters.” Here are five questions to consider as you decide whether downsizing is right for you: 1. Does your home still have the right feel? It may be time to consider a change if you find that …

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How Women Can Prepare for Healthcare Costs in Retirement

By Bennett Whitlock Women live longer than men and face distinctly different challenges in funding their healthcare needs in retirement. According to a 2016 study by HealthView Services, a 65-year-old man who retires this year will spend an average of $200,000 on healthcare in retirement, while a woman will spend $235,0001 — $35,000 more than their male counterparts. With these …

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Playing Catch-Up on Retirement

By Bennett Whitlock As you think ahead to retirement, do you ever worry that your savings nest egg may come up short? If so, you aren’t alone. Many Americans are finding that they are not as prepared for retirement as they should be. The good news is that if you’re employed, it means that you may still have time to …

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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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