As much as you would like to, you can’t keep your money in your retirement account forever. These investment vehicles include 401(k)s, IRAs, and similar retirement accounts. Under the SECURE Act, once you reach age 72, you must begin taking required minimum distributions from your 401(k), IRAs, or other defined contribution plans in most circumstances.… Read More
As an investor, it can be tempting to get caught up in daily news headlines. Consider how news about the election and COVID-19 vaccines have moved the markets over the past several weeks. Having a financial strategy, however, can help you ignore short-term volatility and focus on your long-term vision. As you know, investing is… Read More
Investors are routinely warned about allowing their emotions to influence their decisions. However, they are less routinely cautioned about their preconceptions and biases that may color their financial choices. In a battle between the facts & biases, our biases may win. If we acknowledge this tendency, we may be able to avoid some unexamined choices… Read More
You may have heard that a presidential election is now days away. However, what you might not be aware of is that 45% of consumers with $100,000 or more investable assets expect to make changes to their investments due to the election, according to a recent Hartford Funds study. That is an alarming number. Second-guessing… Read More
When the market starts to go down, it can be hard to keep emotions out of your decision making. Money you have worked hard for starts going down and irrationality sets in. You tend to think worst case scenario. “If the market is down 10% in a month, then I’ll be out of money in… Read More
In times of uncertainty it’s important to remember, control what you can control. I read an article recently about the hoarding of materials that has occurred during this pandemic and the thought process behind it. It all comes down to control, or at least the illusion of it. Having hundreds of toilet paper rolls isn’t… Read More
Investors are people, and people are often impatient. No one likes to wait longer than they have to for something, especially when so much is just a click or two away. This impatience also manifests itself in the financial markets. When stocks slip, for example, some investors grow uneasy. Their impulse is to sell, get… Read More
Getting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you address retirement saving or college funding anxieties, and it may also allow you to live and work on your terms. On the other hand, you’ll pay more taxes, attract more attention, and maybe even contend with jealousy or… Read More
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