Blog

What is the number one rule of personal finance? Spend less than you earn. If you have worked hard for decades, followed a budget, and adhered to this rule, you may find yourself in the enviable position of earning more money each month than you need to cover your expenses. It’s a fortunate problem to have, but one that forces you to decide how to allocate your extra cash.

By Todd Youngdahl, CFP®

Life insurance is one of those financial products that often doesn’t get the attention it deserves. Most of us purchase a policy, then forget about it, thinking we have done our due diligence and crossed that off the financial responsibility to-do list.  

If you have a credit report (and most of us do), there’s a good chance that you were one of the estimated 143 million Americans affected by the recent Equifax Data Breach. If you have been affected, it’s important to be proactive to protect your credit now.

By Todd Youngdahl, CFP®

For the past several years, there have been headlines aplenty all focused on the same thing: the imminent market downturn. Despite all the dire predictions, the market doesn’t seem to care what everyone thinks. It just keeps going up and up.

Our team at Washington Wealth Advisors is delighted to welcome Victoria Boinest to the team as our summer intern. Victoria is a Finance major at James Madison and excited to work with our team on some internal projects to support our overall delivery of an excellent client experience. We thought you’d like to learn a little more about Victoria and her goals after graduation.

By Maura C. Schauss, CFP®

If you’ve ever met or worked with us, you are probably well aware of how serious we take client service. If you have yet to work with us yet, we hope you’ll be surprisingly pleased by how above and beyond we go when it comes to providing our clients an excellent experience working with us.

By Nadine Sadeghi and Alexandra Devereaux

As part of our Fidelity summit training, we would like to remind our clients of the importance of securing their confidential financial data, something that is of utmost importance to all of us at WWA.

By Todd Youngdahl, CFP®

Retirement planning is far from simple. While that may seem like a blatant understatement, it’s especially true when you start looking at all your options and try to determine what is right for you. Each of your many options has pros and cons, unique opportunities, and various fees. While you know you need to invest, it can be challenging to decide what the best choice is for you and your unique situation.

Today, we’re focusing on the Roth and the opportunities it can provide to investors.

By Ann Blakey, MBA, RP® 

May 29th is National 529 College Savings Plan Day – and while we aren’t sending each other Hallmark cards for this holiday (yet!), it is a good reminder to stop and think about your family’s college savings strategy.