Wealth Management
As seen in Investopedia on April 19, 2020 What Is Wealth Management? Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. It is a consultative process whereby the advisor gleans information about the client’s wants and tailors a bespoke strategy utilizing appropriate financial products and services. A wealth […]
Why Financial Planning is Important for Your Future
As seen in Entrepreneur on August 16, 2018 Future is very unpredictable. No matter how hard we try, you cannot really predict what is in store for you in the times to come. However, what you can do is to prepare yourself for it with the best of your abilities. Each one of us has his/her […]
Sand. Head. Insert.
What just happened? Think for a second about your mindset in January, 2020. Looking back, it’s shocking to think the only unpleasantness we could have safely forecasted was the upcoming election. Can you remember if anything else that happened publicly during 2020 was on your mind this time last year? This is not meant to […]
What Are ETFs?
WHAT IS AN ETF? An Exchange Traded Fund (ETF) is a type of security that holds small proportions of other securities, like equities, that often track an underlying index. ETFs are in many ways like mutual funds; however, ETFs are traded throughout the day and listed on exchanges all over the world. ETFs cannot be […]
Is Your Financial Advisor Actually a Salesperson? 9 Questions to Ask to Find the Right Advisor For You
HERE ARE THE RIGHT QUESTIONS TO ASK SO YOU KNOW WHAT’S GOING ON BEHIND THE SCENES If the topic of wealth feels like something that’s “too confusing” to learn and you currently have a financial advisor, have you ever wondered why they haven’t helped you understand the subject better? Many people see the buzzword “wealth management” […]
New IRS Guidance for RMD Rollbacks
In an unexpected move on Tuesday, the IRS announced new guidance around required minimum distribution (RMD) rollbacks. The new guidelines state that those who took a 2020 RMD can roll funds back into a retirement plan by, or before, August 31st. The March CARES Act included a waiver that allowed some retirement account owners to […]
Moving Forward
We entered the green phase of COVID-19 recently, and we are cautiously optimistic about returning to work and life amid our new normal. At WR Wealth Planning, we plan to continue following all guidelines and recommendations to ensure the health and safety of our staff and clients alike. Prior to your next visit, we will […]
Top 4 Market Concerns of COVID-19
Of course, social, global, and economic events, such as the pandemic crisis and other ongoing world circumstances, can and will have an impact on the market. However, as we’ve seen during challenging market conditions before, stocks and the market should still rebound over time. The market has stabilized, but ebbs and flows are an expected part of COVID-19 […]
How COVID-19 Could Impact Your Retirement…and What You Can Do About It Now
While retirement has been a key area of concern from the beginning of the COVID-19 crisis, the pandemic’s impact on retirement planning is becoming clearer. Fortunately, the effects appear to be manageable with the right financial planning and counseling. Throughout the financial sector, there is a keen awareness that the market may remain volatile. Still, […]
Staying the Course and Withstanding Market Volatility
In March, market volatility created confusion and concern about how to manage existing investments and assets during COVID-19. Throughout April and May, the market has stabilized and eased some of the immediate concerns. However, as states begin to reopen slowly and we adjust to our new normal, our clients and friends are now considering if […]