5 Things To Consider When Buying Rental Property
By Ann D. Blakey, CFP®
The Backdoor Roth IRA: Converting Non-Deductible IRA Contributions Into a Roth IRA
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.
Your 2021 Monthly Financial Planner
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:
Could An Annuity Enhance Your Retirement Planning?
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.
Investing 101: Growth vs. Value Approach to Investing
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.
401k Basics: The What and The Why?
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.
The 411 on Bonds - Types and How to Invest
Regular and predictable income during retirement can be hard to achieve, especially with today’s low to non-existent interest rates. Bonds, bond mutual funds, and bond ETFs are still the most consistent way to receive income while reducing your portfolio volatility.
FIDELITY: Understanding Money Market Funds
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There are several types of money market funds: government (including US Treasury), prime, and municipal.
Top 3 Changes to Thrift Savings Plan (TSP) Withdrawals in 2019
By Maura C. Schauss, CFP® and Jane Huang, MBA, CFP®
All Things Roth
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.