Blog

Friday, August 10 2018

One Basket, All Eggs. Risky!

Achieving a high income and net worth is half the battle in the quest for financial security. The other half is trying to keep and grow your assets once you have them. While this latter half is perhaps a nice problem to have, it has been the cause of many a headache. One problem some people make is the proverbial “putting all of their eggs in one basket.”  In the…

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Monday, August 6 2018

Procrastinating; The Cost To Your Retirement

If you are like many other hardworking adults, you may find yourself periodically dreaming about what life will be like after you leave the workforce and enter retirement. Regardless of whether you plan to simply kick back and relax close to home or you have grand dreams of traveling frequently in retirement, you will need to have enough cash on hand to live on. Unfortunately, a report released by Financial…

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Sunday, July 29 2018

A 1035 Exchange, Know The Facts 

A common problem faced by insurance and annuity holders relates to a need to upgrade to a better financial option without paying taxes on gains earned on the old policy. There are many legitimate reasons for wanting to upgrade. AAFMAA recommends a 1035 exchange to accomplish this objective. A 1035 exchange has a complicated set of rules established by the tax code that must be followed to qualify this exchange…

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Monday, July 23 2018

Will Power: Should You Update Your Will and Estate Plan?

Everyone should have a will; it ensures that your loved ones will receive the assets you wish them to have in the event of your death. To be clear, a will is a legal document that states how you want your property to be distributed and to care for any minor children. To ensure that your wishes are carried out as stated by you, a will must be written and…

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Monday, July 16 2018

To Know The Road Ahead, Ask Those Coming Back

“To know the road ahead, ask those coming back” is the famous Chinese proverb although for this article it may be more fitting to say, to know the road ahead, ask those looking back. Everyone has different ideas of what it is like to retire. However, their ideas may be based solely on what they assume or what they have heard. The only way to know for certain is to…

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Our purpose is to assist individuals and families pursue their highest aspirations, and live life to their full potential as both individuals and contributors to the family. Helping clients navigate the difficult issues related to living well, minimizing taxation, efficiently transferring assets, and advocating worthy causes are the cornerstones of The Woodville Group, LLC.