Portfolio Management

CONVERT REQUIRED MINIMUM DISTRIBUTIONS INTO TAX FREE INCOME

Convert required minimum distributions into tax free income

It is currently happening to some and eventually, this will likely happen to all of us. I am referring to Required Minimum Distributions (RMD). The RMD is your required minimum distribution amount which the Internal Revenue Services requires you to withdraw each year from your IRA, SEP-IRA, Simple IRA or retirement plan account when you reach age …

Convert required minimum distributions into tax free income Read More »

Retirees Can Protect Their Retirement Money With Better Asset Allocation

Protect retirement money with better asset allocation

Part 2 in our series: 5 Ways Retirees Should Protect Their Money During Retirement After 23+ years as a Financial Advisor, I can attest to the truth that retirees can protect retirement money with better asset allocation. Asset allocation is a discipline. It is the process of assembling a portfolio that is diversified in the …

Protect retirement money with better asset allocation Read More »

High Return Investment Risk

High return investment risk

Let’s have a quick chat about steps that you should take to manage high return investment risk. Whether you are managing retirement investments, trying to figure out your retirement income planning needs based on investments within your portfolio, it is important to always keep in mind that with investing, risk and reward are opposites sides …

High return investment risk Read More »

Why Should You Hire An Independent Financial Advisor?

Why should you hire an independent financial advisor?

A question that you may have asked yourself is why you should hire an independent financial advisor? A common question that I hear from people who are not familiar with the difference between a financial advisor who is independent vs. those that are employees of brokerage firms is, “Aren’t you guys all the same anyway?” …

Why should you hire an independent financial advisor? Read More »

Rule #1 For Your Financial Future: There is No “I” In “Team”

Rule #1 For your financial future: there is no “I” in “team”

Here is rule #1 for building your financial future. Whether you are a business owner, or an individual, you may rely on the advice and guidance of various financial professionals who may not be working together, as a team on your behalf.  In a perfect world the people who provide financial planning & retirement, investment management …

Rule #1 For your financial future: there is no “I” in “team” Read More »

Managing Portfolio Risk and Tolerance

Managing portfolio risk and tolerance

If you’re like most people, you could probably use professional advice with managing portfolio risk and tolerance, as well as learning how to evaluate your portfolio in terms of its return potential. However, return isn’t the only factor you should consider, also important is the amount of risk you take in pursuing those returns. The …

Managing portfolio risk and tolerance Read More »

Avoid Making Retirement Planning Mistakes

Avoid making retirement planning mistakes

At all costs, major retirement planning mistakes can and should be avoided just like Caffeine. Caffeine? Yes, caffeine! Hang in there with me for a minute and you will understand what I’m talking about. When done properly, the process of retirement financial planning should greatly reduce the potential for costly mistakes during retirement. As a …

Avoid making retirement planning mistakes Read More »

Maryland Fee-Only Financial Advisor

Maryland fee-only financial advisor

As the President of an independent wealth management and investment advisory firm, I am honored that Investopedia has chosen to partner with Wealthcare Financial Group, Inc. to bring quality personal finance education to their millions of readers throughout the United States and abroad. Schedule an appointment with Wealthcare Financial Group, Inc. to discuss the following: …

Maryland fee-only financial advisor Read More »

Financial Literacy: Key to Creating and Sustaining Wealth for African Americans

Financial literacy: key to creating and sustaining wealth for african americans

Why Financial Literacy? A major differentiating factor between those who understand how to make money work for them has everything to do with financial literacy, which is also why I believe that it is the key to creating and sustaining wealth for African Americans. According to the 2009 Consumer Financial Literacy Survey, “54 percent of …

Financial literacy: key to creating and sustaining wealth for african americans Read More »