Ask An Advisor About: Investing during the COVID-19 Market downturn

VLP Financial Advisors Finance

We asked the advisors at local firm, VLP Financial Advisors on what investment advice that have or strategies they recommend during the recent market downturn. Don’t try to Time the Market Belle Osvath, CFP®, AIF® Your instincts might prompt you to pull your money out of the market when values fall and then re-enter when markets are recovering, attempting to …

Ask an Advisor: What is Financial Wellness?

VLP Financial Advisors Finance

Financial wellness is a holistic approach to personal finance that is focused on you gaining the knowledge and skills necessary to manage your money and make smart financial decisions in your everyday life. True financial wellness encompasses everything from saving enough for retirement and your children’s education to knowing you have a plan in place to protect your family financially …

May Update from Turner, Leins & Gold, LLC

Turner, Leins & Gold, LLC Finance

COVID-19 uncertainty abounds for everyone. This month’s newsletter provides a round-up of tax-related laws to help with tax planning for 2020 as we all navigate the coronavirus pandemic. Also in this edition are ways to track your stimulus payment, tips to find cash, and how to protect your video conference meetings from unwanted visitors. Please call if you would like …

Your Weekly Tax Tip: Beware: COVID-19 Tax Scams are Here

Turner, Leins & Gold, LLC Finance

Economic impact payments bring out thieves The IRS is warning you to be on the lookout for a surge of calls and e-mail phishing attempts related to the coronavirus pandemic and the one-time economic impact payment. It can come in many forms The IRS says that scammers may do the following when trying to contact you: Emphasize the words stimulus …

Ask an Advisor: What does a Financial Advisor do?

Daniel Lash, CFP® AIF® Finance

When I meet someone at a party (or more likely, at one of my kid’s soccer games) and I tell them what I do, usually the first question they ask is “What do you think of the stock market?” While I do spend time helping clients with their investments, the vast majority of my time is spent helping clients in …

Ask an Advisor: About Real Estate

Rose Price, CFP® AIF® Finance, Home & Design

We are looking to purchase a new home—how big of a mortgage should we get? While a mortgage can be an excellent savings vehicle while you are working, borrowing as much as you qualify to borrow may not be a wise financial decision. When you’re looking to buy real estate in Northern Virginia, it’s especially easy to feel the need …

Ask an Advisor: Special Needs Planning

Daniel Lash, CFP® AIF® Finance

All parents worry about their children’s futures – it’s part of the job. Parents of children with special needs may face more uncertainty. Some of the biggest concerns special needs parents have are financial. Mapping out your child’s financial future can seem like a daunting task, but having a plan in place can help ease your fears. There are complex …

Ask an Advisor: Women & Financial Planning

Rose Price, CFP® AIF® Finance

As a female Financial Advisor working in an industry traditionally dominated by men I find myself in the unique position to empower women to pursue their financial goals. Many of the women I have worked with have made great progress, but industry studies point to a startling fact: when it comes to planning for our retirement, women fall short when …

Ask an Advisor: Talking to Your Kids About Money

Daniel Lash, CFP® AIF® Finance

I get a lot of questions from my clients about how/when they should talk to their kids about money. Every child and family is different, but I think the focus should be the same for all parents. You want to make sure your children have the foundation they need to make smart financial decisions as they transition into adulthood and …

Ask an Advisor: Being a Woman Caught in the Sandwich Generation

Rose Price, CFP® AIF® Finance

Many women find themselves part of the generation, “sandwiched” between caring for their aging parents and young or even grown children, often providing support while holding down full-time jobs. This role can challenging, especially when it comes to finances. With the rising cost of living in the DC-metro area, trying to meet day-to-day expenses while saving for retirement (and possibly …