investments

April 20, 2021 from Fidelity.com

Sharing some perspective from our Fidelity resources.  Knowledge is empowering and can support you in remaining focused on your goals.

A post-pandemic boom could cause prices to rise — here's how to prepare¹

"Americans are starting to look over their shoulders for an economic boogeyman — and that apprehension could get even worse if the economy comes roaring back to life after the coronavirus pandemic.

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 Todd I. Youngdahl, CFP®

By Maura C. Schauss, CFP®

Since bitcoin was launched in 2009, cryptocurrencies have gone from being a relatively obscure and niche area of finance to more mainstream. In 2017, this new form of currency started trading at nearly $20,000 before plummeting to nearly a fraction of that price a few months later.

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 Maura C. Schauss, CFP®

When it comes to retirement planning, believe us when we say you have a lot of options in front of you. If you’re looking for ways to supplement or diversify your retirement income during the planning stages of your life, it may be time to consider an annuity. Annuities are unique long-term investments that can help mitigate the risk of outliving your retirement income.

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.

By Todd I. Youngdahl, CFP®

If you are a full-time employer and are offered enrollment into a 401k as one of your job benefits, you should definitely take advantage of this opportunity, especially if you plan to retire one day.

Here are the basics about 401k plans as well as a slew of reasons to take advantage of them.