You stand at your front window and look nearby. Wonderful residential property, you believe. Wonderful landscape design. Wonderful sports car. Nice driveway. New bikes for the kids. Wow, your next-door neighbors are truly well off. That ordinary home down the street with the older sedan parked in the drive fades in contrast. A couple in… Read More
Start Investing for Your Future Today Invest for your future with our new online platform that combines the benefits of a personal financial advisor with sophisticated technology. You still get the Redwood Financial Network experience and expertise, but with the added convenience and transparency of an automated investing solution. Guided Wealth Portfolios (GWP) provides you… Read More
Just what is a stop-loss method, and how can it potentially assist an investor? Several investors make use of stop-loss orders as a type of “insurance policy” versus securities market losses. Merely described, a stop-loss order is an order you offer to a broker to market a stock when the share rate falls to a… Read More
By Sunwook Jin, CFP®, CRPC®, CMFC® Opening or using an Individual Retirement Account (IRA) could be one of the most effective moves you’ll ever make in your retirement planning. IRAs offer you the total versatility to invest in virtually any type of investment you desire, well beyond the Mutual Funds and Exchange Traded Funds (ETF)… Read More
By Helen Hartman, CRPC® Through my many years in the Financial Industry, I have learned there are “language barriers” with prospects and/or clients at times. Financial Advisors (Financial Planners, Investment Advisors, etc) utilize common terms within their profession that not everyone is familiar. However, clarification of terms is key to communicating with your financial professional.… Read More
The Dow Dropped. Do Not Drop Out of the Market. Last Monday’s plunge was hardly the disaster that some media outlets claimed. On February 5, the Dow Jones Industrial Average took an unprecedented fall. The benchmark dropped 1,175 points, and it was down 1,500 points at one moment during the trading day.1,2 Monday’s Dow loss… Read More
By Sunwook Jin, CFP®, CRPC®, CMFC® Tax loss harvesting is the practice of selling a security such as Mutual Funds, Exchange Traded Funds (ETF), Stocks or Bonds that has experienced a loss. By selling or realizing at a loss, investors are able to offset taxes on both gains and income. The sold investment is immediately… Read More
As Director of Retirement Plan Services, this is a question I hear frequently. A Simplified Employee Pension plan (SEP) is an easy, low-cost option for small business owners to provide retirement benefits for employees (including themselves). This retirement plan option allows for an employer to contribute directly to an individual retirement account for all employees.… Read More
Why do so many people choose it rather than a traditional IRA? The Roth IRA changed the whole retirement savings perspective. Since its introduction, it has become a fixture in many retirement planning strategies. The key argument for going Roth can be summed up in a sentence: Paying taxes on retirement contributions today is better… Read More
The answer depends on your income. Your Social Security income could be taxed. That may seem unfair, or unfathomable. Regardless of how you feel about it, it is a possibility. Seniors have had to contend with this possibility since 1984. Social Security benefits became taxable above certain yearly income thresholds in that year. Frustratingly for… Read More