Archive for
December, 2013

Are Investment Fees Tax Deductible?

Thursday, December 26th, 2013

By Jay Sanford, Director of Investment Strategy It is that time of year again and I can’t tell you how many times I get asked if advisory fees are tax deductible.  It certainly is a great question given our philosophy at Washington Financial Group is to utilize various tactical...

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How Do I Maximize Social Security Income for My Spouse?

Thursday, December 19th, 2013

By Mark Jensen, Associate We have numerous clients at Washington Financial Group come to us as they approach retirement because they are trying to understand how to maximize social security income for their spouses. This is certainly understandable because so many others struggle with this same issue. So in...

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Case Study: Is $1,000,000 Enough Life Insurance?

Tuesday, December 17th, 2013

One of the most common questions I’m asked is, “How much life insurance do I/we need?” A common answer to that question is, “More than you think.” Let’s take a look at a real life scenario that our advisors worked on where both clients initially thought $1,000,000 of life...

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The Investor’s Almanac – Portfolios Over Policy

Friday, December 13th, 2013

A farming almanac is an annual publication containing a guide for the coming year and a forecast of the times and statistics of events and phenomena important to growing. Farmers’ almanacs have been a source of wisdom, rooted in the core values of independence and simple living, for American...

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Understanding Nonqualified Retirement Plans

Thursday, December 12th, 2013

By Colin Clark, Retirement Plan Specialist If you are a highly compensated employee or owner of a business who wants to provide extra incentive and retention benefits for your highly valued employees, a nonqualified retirement plan could be an appealing option. These plans come in many shapes and sizes:...

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How Much Should I Save for College and When Should I Start?

Tuesday, December 10th, 2013

By Drew Aunon, Associate One of the most common questions parents have when thinking about their children’s future is, “How much should I save for college?” And just like many situations in the financial planning world, the answer to this question is… “it depends.” There are a wide array...

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Should I Convert My Traditional IRA into a Roth IRA?

Thursday, December 5th, 2013

By Jay Sanford, Director of Investment Strategy Part 2 of our series on Roth IRAs brings us to a great question with many avenues to explore before making a decision.  I remember vividly clients calling up and saying, “I have to open up a traditional non-deductible IRA and contribute...

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When Do I Have to Start Taking Withdrawals From my IRAs?

Tuesday, December 3rd, 2013

By Mark Jensen, Associate The other day I was speaking with a client and they asked me the following question…When do I have to start taking withdrawals from my IRAs?  Since we hear this question often, I have decided to address this subject in today’s post. The IRS requires...

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