The Foundry Wealth Advisors Blog
INCREASE YOUR KNOWLEDGE
Disclaimer: This information is not to be considered tax advice and none of the information provided here should be acted on without consulting a tax and/or financial advisor.
IS VOLATILITY SCARING YOU?
Stock (and bond) market volatility has been up quite a bit recently. Why is it happening and what does it mean to me and my family’s financial well-being? The price of oil is down along with the value of the Russian Ruble – is this good or bad for my portfolio? Credit spreads have widened […]
Creating Multi-Generational Wealth in Uncertain Times with a Roth IRA Conversion
The past few months have been filled with many challenges from both an economic and social perspective. Stay-at-home orders, social distancing, rising unemployment levels, and overall economic uncertainty can cause stress and uncertainty. However, there are some opportunities available to grow wealth during this time. Disclaimer: This information is not to be considered tax advice and none of […]
Is Forming A Private Family Foundation Right For You?
At some point in the family lifecycle of wealth, the question invariably arises as to whether or not it makes sense to stop writing checks as individual family members or branches, and to form a Private Family Foundation in order to take a more formal approach to family philanthropy. Here are a few considerations and […]
Study All Of Your Options For Long-Term Care
A friend of mine moved his elderly mother into an assisted living facility last week. It was a difficult decision for the family to make, but a necessary one given the human and financial resources required for her to continue to live on her own. This scenario is played out daily in families all across […]
5 Financial Planning Considerations for High Net Worth Individuals during the COVID-19 Pandemic
Economic uncertainty, high unemployment levels, social distancing, and lock-downs have caused confusion, stress and panic for many people. Some have experienced a slower pace of life, with more time to learn new skills, and examine personal values and priorities. Though the financial markets are uncertain, there are action steps you can take now, particularly if […]
You And Your Employer Are Parting Ways- What To Do With Your 401K?
People are often confused about what to do with their 401K assets when they separate from their employer. Should they keep their assets in the plan, transfer to their new employer’s plan, or roll the funds into a self-directed IRA? The answer depends on the needs of the individual and the limitations of the plans, […]
Diversification Is More Important Than Style
A long-standing argument in the investment community has been whether active management of a portfolio can actually produce better investment results than a passive portfolio. And with the volatility of the markets in recent history, this conversation seems to have moved to the forefront. An actively managed portfolio uses the skill of a single, or […]
With Advisors, Do Put All Your Eggs In One Basket
I was struck recently by a radio ad for an insurance company where the narrator described a situation where a patient went to two different doctors and received two medications. When the patient went to the pharmacist to have the prescriptions filled, he was informed that the combination of drugs could be detrimental to his […]
How To Put Cash On The Sideline To Good Use
You’ve no doubt heard that there is a lot of “cash on the sidelines,” both corporate and personal, as people wait for the most opportune time to leap into this highly volatile stock market. My firm belief is that the time to invest is when you have the money and the time to sell is […]
Making the CARES Act and The SECURE Act Work together for Large Retirement Accounts
The COVID-19 pandemic and passage of the CARES Act has taken attention from the provisions of The SECURE Act, which was legislation passed in December 2019 aimed at modernizing the current retirement system. If you haven’t reviewed your overall retirement account strategy in the past several months, you could be missing out on money-saving opportunities and/or […]
Active Vs. Passive Portfolio Management – And The Winner Is?
Whether active management of a portfolio can actually produce better investment results than a passive portfolio has been a long-standing argument in the investment community. And, given the recent history of market volatility, this conversation has moved even more to the forefront. What is Active? What is Passive? An actively managed portfolio uses the skill […]
Umbrella Insurance, Is It Right For You?
The turbulence of the financial markets and state of the economy in recent years have caused smart investors to become more focused on transparency in their investment selections, on understanding the risk in their portfolios, and on ensuring that their asset allocation matches up with their long-term objectives for their wealth. All too few however […]
6 Critical Considerations For End-Of-Year Financial Planning
The holiday season is almost upon us and, for many, this means time spent with family and friends reflecting on the blessings in life and on those we hold dear. Of course, it’s also time to get ready for the coming year – and that includes conducting a year-end financial checkup. This is especially important […]
We’d be happy to talk with you about your unique situation and goals.
You can schedule a complimentary discussion by calling 443-692-8833 or send an email with your availability to firstname.lastname@example.org.