Portfolio Management

Traditional, SEP, and Roth IRA: Benefits & Drawbacks of Each

Roth, SEP, or traditional? When it comes to IRAs (individual retirement accounts), do you have a tough time keeping the differences straight? Don’t worry: You’re not the only one.  The three types of IRAs serve different purposes, and each come with their own set of benefits and potential drawbacks. While all offer the ability of helping you save for retirement, there are fundamental characteristics of each that impact your retirement planning. What’s more, your eligibility to use certain IRAs will be based on your income level and access to employer-sponsored retirement plans.  Here, we’ll provide a high level look Read More

Traditional, SEP, and Roth IRA: Benefits & Drawbacks of Each2020-09-22T10:13:18-07:00

Wealth Manager vs. Financial Advisor: Is There a Difference?

When  you’re looking for the right professional to help you manage your money, you come across quite a few different titles. Because we believe that it’s  important to know what you’re getting when you hire someone to provide guidance on your financial life, we’re here to help you sort out the differences as we see them between two commonly used titles: wealth manager and financial advisor.  It’s important to understand that these terms are subjective and can be used to describe those who serve any variety of functions in the financial planning industries.  First, what defines a financial advisor?  The Read More

Wealth Manager vs. Financial Advisor: Is There a Difference?2020-06-09T17:32:43-07:00

Tips for Tweaking Your Financial Strategy Mid-Year

A financial strategy reboot is recommended from time to time, and right now — with the Coronavirus pandemic throwing everything out of whack — we’ve identified a few smart strategy shifts to help you weather the storm. Here are five things you should consider and discuss with your financial advisor. #1: If you’re in retirement, evaluate cash flow needs for the next 12 to 24 months, and where to source it. In other words, identify specifically which assets in your portfolio would be best to liquidate to provide you with the cash you’ll need. How to know which assets are Read More

Tips for Tweaking Your Financial Strategy Mid-Year2020-06-09T17:32:56-07:00

FDIC vs. SIPC: What You Need to Know Now About Protecting Your Assets

In the midst of the financial tumult caused by the COVID-19 crisis, you’re probably thinking a lot about whether or not your investments and assets are protected. Here’s what you need to know, for both deposit accounts and brokerage accounts. Two Categories of Risk You already know that when you’re placing your money with any financial institution—whether depositing cash in your bank or purchasing investments—there’s inherent risk. It’s important to be able to distinguish between two high-level types of risk. (Of course, there are a number of other types of risk that come with managing your finances and investing, but we’re Read More

FDIC vs. SIPC: What You Need to Know Now About Protecting Your Assets2020-06-09T17:33:40-07:00

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

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

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

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
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