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Financial Gifts for Your Grandchildren that Keep on Giving

Provided by Bennett Whitlock III You’ve worked hard to accumulate your wealth and now want to share the fruits of your labor with your grandchildren. But what are some thoughtful ways to do so? Here are six ideas for financial gifts with long-term benefits for your grandchildren.  Contribute to charity. Giving to charity on behalf of a loved one can …

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Five Questions to Answer Before Buying a Second Home

By Bennett Whitlock, CRPC®, Private Wealth Advisor Many people dream of having a place to call home in their favorite ski, beach or tropical destination. While owning a second home may make sense for a variety of reasons, purchasing one is a major decision that can impact one’s financial situation for years to come. If you’re contemplating a second home at your favorite vacation spot, here …

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New Tax Laws May Change How You Approach Your 2018 Tax Return

By Bennett C. Whitlock III As 2018 winds down, it’s time to think about if and how you may be able to reduce the taxes owed on your next tax return. New tax laws, which generally took effect on January 1 of this year, mean you may need to approach your tax strategy differently than you have in the past. …

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Five Mistakes to Avoid When Planning for Retirement

By Bennett C. Whitlock III The most important goal for many of my clients is to retire on their terms. This often means planning a long, secure retirement that enables them to check off items on their ultimate bucket list. Retirement requires careful planning in addition to avoiding financial missteps along the way. Here are five common mistakes and strategies  …

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Five Common Questions about Filing for Social Security

By Bennett Whitlock, CRPC®, Private Wealth Advisor There’s no question that Social Security is a cornerstone of retirement income for many Americans. Yet, many people struggle with deciding when to take Social Security benefits. As with most financial decisions, the right move depends on a variety of factors unique to each individual. If you are contemplating when to activate your …

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Eight PWCS Teachers Named Gold Star Teachers

W!se Foundation, Gold Star Teachers, Prince William County Schools, PWCS

Provided by Prince William County Schools (PWCS) Eight PWCS teachers have been named Gold Star Teachers for the 93 percent pass rate their students achieved on the W!se Financial Literacy Certification test last school year. They are among only 556 in the nation to earn this recognition by the W!se Foundation, a national educational non-profit dedicated to programs that develop …

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Five Financial Mistakes to Avoid When You Have Money in the Bank

By Bennett Whitlock, CRPC®, Private Wealth Advisor Even people who are financially secure can fall into money traps that put their futures at risk or miss out on opportunities to further strengthen their financial position. Here are five common mistakes financially accomplished people make, along with a few tips to counteract them. Overspending You’ve worked hard to get where you are. Don’t abandon the budgeting strategies …

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Six Ways to Reprioritize Your Finances This Fall

Provided by Bennett C. Whitlock III, Whitlock Wealth Management Let’s face it – summer can be expensive between vacations, home improvements, the cost of children’s camps and dining out. Now that the calendar has flipped to fall, you may want to take this opportunity to check in on your financial well-being and ensure you’re on track for the remainder of …

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Tax Reform Changes That May Impact Your Small Business

Provided by Bennett C. Whitlock III, Whitlock Wealth Management For small business owners, managing the bottom line of their company is often a top priority. If you operate a business of any kind, it’s important to understand the impact of the tax law changes that took effect in 2018 and how they may affect your business. Here are some of …

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