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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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Make Sure Your Business is Properly Protected

Provided by Bennett Whitlock If you are starting or operating a small business, you know the importance of maintaining its financial stability. Everything from managing cash flow to keeping current with tax liabilities is crucial. Another key contributor to the firm’s financial strength is ensuring your business is protected against risks. While unexpected situations may occur, you can explore insurance …

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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 …

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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 …

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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 …

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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 …

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