We all go into marriage hoping for the happily-ever-after ending, but often it doesn’t work out that way. The divorce process requires both spouses to make a host of difficult decisions around financial topics that may be unfamiliar, complicated and emotional – yet these decisions will help create the foundation on which each person builds a new, fresh start. If …
The Buying Power of Women: How Women Shape the Economy and Business World
Women today account for or influence 70-80 percent of all buying decisions. The ‘female economy’ was estimated by Forbes in 2017 to be worth $18 trillion, and continues to grow. These statistics reveal the crucial role women play in keeping the economy afloat—in good times and in bad. As a result, many businesses have taken heed. Still, plenty of industries …
Ask an Advisor: About New Year’s Resolutions
What are the Most Important Financial Resolutions I Should Have for 2022? Everyone has different priorities but here are the top four I recommend: 1. Protect Your Estate Review and update your estate documents. The primary purpose of a will is to ensure that your assets are distributed to whomever you choose, in the amount and manner that you choose. …
Top Financial Advisors
Find a Financial advisor with deep understanding of the markets, analytical skills and training, and have a passion for finance located in Tysons. Daniel P. Lash CFP®, AIF® Partner, Financial Advisor Dan is a partner at VLP Financial Advisors and has been active in the profession for over 20 years and has developed a unique ability to talk honestly and …
Year-End Financial Planning Checklist
The end of the year can be busy, but there are a few things you should review every year to make sure you are making the most of your money. Below is a list of items I review with my clients that you may find helpful as this year draws to a close. Investments Review Tax Losses If you …
How to Protect Yourself From Scammers
According to the United States Senate Special Committee on Aging, seniors lose an estimated 2.9 billion dollars a year to con artists perpetrating scams. But older Americans aren’t the only ones targeted and susceptible to scans. The percentage of millennials who are victims of scams is nearly double that of seniors. The Federal Trade Commission reported in 2018 that 40% …
Ask an Advisor: About Retirement Planning for Women Breadwinners
When I started my career, I was part of a dual-income household. Three children and one debilitating back injury later, I have become the sole provider for my family. I know I am not alone, 40% of American households have a woman as the primary breadwinner.1 This shift from the traditional homemaker role has left many women to perform the non-stop …
Ask an Advisor: About Real Estate
Is now a good time to buy a home? I think a better question to ask is “Is it a good time in my life to buy a house?” buying a home is a huge investment and it is important to not rush into the decision. Interest rates are very low right now which is great for home buyers, but …
Ask an Advisor: Being a Woman Caught in the Sandwich Generation
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 …
Ask an Advisor: Special Needs Planning
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 …