financial planning

By Maura C. Schauss, CFP®

By Ann D. Blakey, CFP®

Just thinking about “Spring Cleaning” seems exhausting.  Putting winter items away.  Cleaning out closets. Bringing the sparkle back to windows. Refreshing landscape beds …. You get the idea.  

This year, spring cleaning can take on a whole new meaning – with permanent positive effects! Spring is an ideal time to review your finances and better position yourself to grow your wealth. Here we review the top 4 spring cleaning tips related to your personal finances.  Onward to financial organization! 

By Washington Wealth Advisors CFP® Team

You’ve worked long and hard, saved and invested diligently, and finally made it to your golden years. Your discipline has paid off and now you can comfortably pivot to new adventures.  You have achieved your Financial Independence!

By Ann D. Blakey, CFP®

Before your beautiful new baby turns 18, you will have spent nearly $233,610 on child-related costs.[1] It’s worth every penny, of course, but the last thing you want to worry about is how you are going to afford all this! The good news is, there are simple steps you can take now to financially prepare yourself. Acting on these steps even before your baby arrives (if possible) means you can spend more time basking in newborn bliss and less time worrying about your finances.

By Todd I. Youngdahl, CFP®

By Ann D. Blakey, CFP®

By Todd I. Youngdahl, CFP®

Roth IRAs remain great savings vehicles for many reasons. They can be a tax-free income source in retirement. They don’t have required minimum distributions when you reach age 72 as with most other tax-advantaged retirement plans.  And, they have flexible inheritance rules that will benefit your children and grandchildren.

By The CFP® Team at Washington Wealth Advisors

Can you believe it is already February? How are your 2021 New Year’s resolutions going? If they’re already a thing of the past, not to worry. We’ve created a financial to-do list to help you get your financial life on track in 2021.

January and February: Review Your Situation and Investments

After a year like 2020, it’s probably time for a solid financial checkup. Write down the answers to questions such as:

By Todd I. Youngdahl, CFP®

Comparing growth and value stocks is like a shiny new candy-apple red sports car versus an old reliable beat-up sedan. Growth stocks are those hot picks your uncle is always telling you to buy, skyrocketing to superstardom with no end in sight. On the other hand, value stocks are those old tried-and-true stocks, no hype, no fuss. So, which one is better for you? At Washington Wealth Advisors, we believe both can be a part of a healthy investment portfolio.

For many Americans, the art of saving is something that they have yet to master. This is especially true for those who have just entered the workforce or have gotten their first good-paying job. The mantra of these young professional men and women is often to want to spend instead of saving, and it might be time that changed. Thus, we have brought together some of our favorite benefits of saving early, and how it can set you up for success.