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The Value of Working an Extra Year or Two Before Retirement

By Bennett Whitlock To retire or not retire — that is the question many Baby Boomers are pondering as they approach the traditional age of retirement. On one hand, they want to enjoy the retirement they worked so hard for, yet on the other, they may not be ready to leave the workforce and live off their savings. If you …

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How Women Can Overcome Four Financial Challenges

By Bennett Whitlock For women today, life can be a balancing act between family, career and personal obligations. At the same time, women often face unique challenges when it comes to managing their finances. If you are a woman working to build your financial confidence today and tomorrow, understanding key challenges is the first step to overcoming them. Challenge #1 …

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Three Steps to Handle Market Volatility as You Approach Retirement

By Bennett Whitlock Swings in the stock market can cause emotions to run high, particularly for investors who are approaching retirement. And for good reason. Recent research from Ameriprise Financial uncovered that the biggest financial setbacks American investors have experienced in their 50s through their 70s is market losses. Though most respondents – 62 percent – have fully recovered from …

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Whitlock Wealth Management Hosts National Speaker on Understanding Social Security

Provided by Whitlock Wealth Management Individuals approaching retirement should have a basic understanding of Social Security. Knowing eligibility requirements, how benefit amounts are determined, and filing options will help when deciding on the best time to start receiving benefits. During this complimentary seminar, attendees will learn the basics of Social Security, How Social Security works, how to calculate your benefits …

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Maintaining Financial Stability After a Job Loss

By Bennett Whitlock, CRPC® Private Wealth Advisor Finances can be a major source of stress for many Americans as they strive to balance a myriad of priorities. This financial stress is particularly prevalent for those who experience a job reduction or loss and no longer have the same amount of income coming in on a monthly and/or annual basis. The following tips can help you …

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Seven Ways to Save for Retirement if You Divorce Later in Life

By Bennett C. Whitlock III, CRPC® Ending a marriage can be emotional and full of decisions or challenges at any age. When couples over age 50 divorce, they often face the additional task of supporting two separate retirement plans using the assets intended for their combined nest egg. If you find yourself in this position, the following steps can help you …

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Changing Jobs? Four Tips to Keep Your Financial Life on Track

By Bennett C. Whitlock III, CRPC® The economic expansion in the U.S. since 2009 has presented opportunities for many Americans to explore new job possibilities. If you are among those looking to make a change in your career path, you should know that switching employers can have a substantial impact on your financial life. Here are four tips to help keep …

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Bennett Whitlock Achieves Circle of Success Recognition at Ameriprise Financial

Provided by Whitlock Wealth Management Bennett Whitlock, CRPC® a Private Wealth Advisor with Whitlock Wealth Management, a private wealth advisory practice of Ameriprise Financial Services, Inc. in Prince William County, has qualified for the company’s Circle of Success annual recognition program and will be honored for this achievement in 2018. To earn this achievement, Bennett established himself as one of …

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Capitalizing on Employee Stock Options

By Bennett C. Whitlock III, CRPC® An increasingly valuable form of compensation for many individuals who work for privately-held or public companies is the opportunity to own company stock. This is often made available through an employee ownership plan. If your employer provides you with this benefit, it’s important for you to understand how the employee stock options (ESO) work, and …

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Consider These Steps Before Buying a Business

By Bennett Whitlock, CRPC®, Private Wealth Advisor According to the Small Business Administration (“Small Business in the US by the Numbers,” Townsquared, May 14, 2017), there are 28 million small businesses in the U.S. that employ over 120 million people. Purchasing a business comes with numerous financial considerations, so here are five steps to take: Determine the type of business in which you are interested. Common business …

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