Comprehensive Financial Planning

Strategic Asset Allocation vs. Tactical Asset Allocation: Know the Difference

What are your investment goals? That’s the most important question to ask as you consider asset allocation approaches. Here we take a close look at two different investment strategies: strategic asset allocation and tactical asset allocation. Understanding Asset Allocation Asset allocation refers to divvying up your investments among different asset classes in a way that balances risk and reward. Exactly what your portfolio mix is—how much you have in each asset class, such as stocks, bonds, cash, and real estate—determines in large part your overall returns. The most important thing to remember? Your asset allocation should always reflect your goals. Read More

Strategic Asset Allocation vs. Tactical Asset Allocation: Know the Difference2020-06-09T17:34:56-07:00

What the Coronavirus (and Market Reaction) Means for Your Money

All signs are pointing to more tough weeks for investors: Coronavirus cases are up, lockdowns and shelter-in-place mandates are increasing, the Dow Jones and S&P 500 continue to fall, and experts are forecasting dramatic plunges in the U.S. GDP for coming quarters. It’s all part of what we are calling the “social distancing recession,” and you may be wondering what this all means for you. We recently held a webinar for Ironwood Wealth Management clients to discuss the current state of the economy and to answer investor questions. Here are our top takeaways. Investors are spooked. The speed at which Read More

What the Coronavirus (and Market Reaction) Means for Your Money2020-06-09T17:35:08-07:00

Coronavirus and Recent Stock Market Volatility

“This time is different”:  The past 2 weeks have brought hysteria to global stock markets, concerned over the daily spread of the coronavirus.  The advisors at Ironwood want to provide guidance and leadership during times like these; and to remind our clients the importance of remaining disciplined, by avoiding impulsive investment decisions based upon uncertainty and fear.  During challenging periods investors often operate under the mindset that “this time is different” – which is indeed true. Every stock pullback has been triggered by circumstances which were different than the past, yet the long-term results have remained the same: markets power Read More

Coronavirus and Recent Stock Market Volatility2020-06-09T17:35:17-07:00

When Is the Right Time to Hire a Wealth Advisor?

When Is the Right Time to Hire a Wealth Advisor?  When you were early in your career and retirement was decades away, “wealth management” may not have been something you thought much about. At that time, you may have been more focused on accelerating your career path and making sure you were making the max contribution to your 401k, along with building a comfortable nest egg. But as you get closer to retirement — within a decade or so — managing your finances and your assets increases in complexity. Let’s face it: There are a number of risks in Read More

When Is the Right Time to Hire a Wealth Advisor?2020-06-09T17:35:27-07:00

Creative Financial Strategies for the New Year

Creative Financial Strategies for the New Year Start 2020 on strong financial footing by including one or more of these strategies in your planning. Of course, we recommend talking to your financial advisor or wealth manager to help you determine what is best for you.  Strategy #1: Update your beneficiary designations on your IRA accounts.  Why this matters: The SECURE (Setting Every Community Up for Retirement Enhancement) Act became law on December 20, 2019, and it alters several rules related to tax-advantaged retirement accounts.  Two notable changes: It moves back the age at which retirement plan participants need to take Read More

Creative Financial Strategies for the New Year2020-06-09T17:35:34-07:00

Top Financial Terms Every Savvy Investor Knows

Top Financial Terms Every Savvy Investor Knows Investing comes with its own lengthy lexicon of words and phrases. If you’re considering working with a financial advisor or wealth manager, or you just want to brush up on your investment vocabulary, get to know these key terms. This list is by no means exhaustive, but contains several terms that you’ll find useful in understanding your investment and financial picture. Alpha A historical measure of portfolio success, alpha is the excess return expected on an investment above and beyond a market index or benchmark. It can be represented as a single number Read More

Top Financial Terms Every Savvy Investor Knows2020-06-09T17:35:47-07:00

Top Questions to Ask a Financial Advisor Before You Hire Them

Top Questions to Ask a Financial Advisor Before You Hire Them Considering finding a financial advisor? Be sure to ask these important questions before you make the choice about which one to hire. Determining which financial advisor or wealth management firm to hire is one of the most important decisions you’ll make and can have a significant impact on whether or not you reach your financial goals and your desired lifestyle in retirement. So, how do you know what you should be looking for? Ask these 13 key questions to help you make an informed decision. #1: Who is your Read More

Top Questions to Ask a Financial Advisor Before You Hire Them2020-06-09T17:36:09-07:00

Spotting Credit Trouble

Americans aged 45 to 54, who have credit card balances, carry an average debt of $9,096 per individual.[i] The wise use of credit is a critical skill in today’s world. Used unwisely, however, credit can rapidly turn from a useful tool to a crippling burden. There are a number of warning signs that you may be approaching credit problems: Have you used one credit card to pay off another? Have you used credit card advances to pay bills? Do you regularly use a charge card because you are short on cash? Do you charge items you might not buy Read More

Spotting Credit Trouble2020-06-09T17:36:20-07:00

Your Changing Definition of Risk in Retirement

During your accumulation years, you may have categorized your risk as “conservative,” “moderate,” or “aggressive,” and that guided how your portfolio was built. Maybe you concerned yourself with finding the “best-performing funds,” even though you knew past performance does not guarantee future results. What occurs with many retirees is a change in mindset – it’s less about finding the “best-performing fund” and more about consistent performance. It may be less about a risk continuum – that stretches from conservative to aggressive – and more about balancing the objectives of maximizing your income and sustaining it for a lifetime. You Read More

Your Changing Definition of Risk in Retirement2020-06-09T17:36:30-07:00

Insurance Needs when Married with Children

A growing family, by definition, means growing financial obligations – both in the present and in the future. Raising children can increase your insurance needs and heightens the urgency for being properly prepared. Auto. When a child becomes a new driver, one option is to add the teenager to the parents' policy. You may want to discuss with your auto insurer ways to reduce the additional premium that accompanies a new driver.[i] Home. You should periodically review your homeowners policy for three primary reasons. A growing family generally accumulates increasing amounts of personal belongings. Think of each child's toys, Read More

Insurance Needs when Married with Children2020-06-09T17:36:45-07:00
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