I came across this MassMutual consumer poll, which revealed that 33% of those over 50 failed. Claiming Social Security is a decision not to be taken lightly and one that...
To Pay off my Mortgage Early or Not; That is the Question
As I sat down to write this article, the title above popped into my mind. I then began to wonder about the original version of the quote: “To be, or...
Missie Beach Quoted in Bankrate.com – A New Look at the Emergency Fund
We always tell clients to set aside liquid cash in an “emergency fund” for unexpected expenses, a job loss, or other random events that life throws our way. When the...
Year-End Tax Planning
This 2020 year has been one for the record books. As eager as we may be to move into a new year with a fresh start, we still have a...
Today’s Market and Major League Baseball
Last week, we had an Investment Committee meeting at Redwood that generated some interesting discussions. One topic was the belief that a person must be insane to buy stock right...
Redwood Investment Update – Lessons from an investment icon
Happy 90th birthday, Warren Buffet! To celebrate, the stock market has decided to throw you a party. Remember the celebration for your 70th? Our old friend Microsoft was there. Faces...
Preparing for the Inevitable – The Loss of a Parent
No family wants to address the elephant in the room, but the discussion needs to start somewhere. Are you adequately prepared to handle things when confronted with the death of...
The Value of Brokerage Accounts
Why complement Retirement investment accounts like 401(k)s, IRAs, Roth IRA’s with a Brokerage account– otherwise known as taxable investment accounts?
The short answer is: Flexibility! Here are some of the advantages that investing in Brokerage accounts provides:
- There are a multitude of investments available in Brokerage accounts including stocks, mutual funds, ETFs, and other assets
- Unlike retirement accounts, which have limitations on contributions each year as well as age-based withdrawal constraints, Brokerage accounts allow investors to contribute and to withdraw money when they want. As a result, Brokerage accounts may be utilized as a vehicle for not only retirement goals but also for other financial planning goals such as a down payment on a home, purchasing a car, or maybe a home renovation project
