As your trusted financial partner, we want to share company news, financial insights and investment knowledge as we work together toward your financial goals. Check back regularly to see what’s new and newsworthy here at Chasewood Wealth Management.
Our office has moved to a new location. We’re now conveniently located along the northbound feeder of I-45 and close to the main business and commercial districts in The Woodlands. Our new address is 256 Ed English Drive, Building 4, Suite B, Shenandoah, Texas 77385. If you happen to be in the area, stop by and see us!
For many people minding their financial health, borrowing money can bring discomfort and anxiety—and rightly so, especially when so many Americans use debt to live beyond their means and purchase items they cannot afford. But the latest issue of Investor’s Edge reminds us that individuals and families can embrace debt in a thoughtful and strategic way to purchase items they can afford—while potentially realizing some important financial advantages.Don’t forget one of the benefits of using a boutique financial adviser is extra help and guidance with your buying decisions. Whether it’s a creative financing option or a referral to a broker or lending institution, we can give you fresh perspective and help you think through the options of any big purchase.
Does the onset of summer have you eyeing a new beach house or the lake cottage of your family’s dreams? Or perhaps a sleek, new boat or recreational vehicle is in your future. One of the benefits of partnering with a full-service, boutique investment adviser is the personal service to help you consider your different options, even if the decision before you is outside of your investment portfolio. We can help you think through different purchasing options, whether it is selling or moving portfolio assets, a bank or conventional loan, or the various options in between.
The latest issue of Investor’s Edge discusses two lending programs that might be attractive options for our clients. Both are secured by the assets held in your RBC accounts, and both offer some advantages over traditional bank loans, such as more attractive interest rates and qualification processes. Click here to read more about these two credit options, or call the office to discuss your new purchase with an adviser. Together we can work through the pros and cons of numerous payment or credit options to ensure your new purchase is aligned with your long-term financial goals.
Did you know people 65 and older number nearly 15 percent of the U.S. population? That’s about one in seven Americans, and the number’s only growing, with seniors expected to approach 22 percent of the population by 2040, according to data providing by the U.S. Department of Health and Human Services. That’s why this quarter’s Investor’s Edge newsletter features news you can use to better prepare for the golden years, whether yours or your loved ones’. Among this quarter’s articles:
Click here to learn more about these important topics. Talking through goals and strategies as you move through life is an important benefit of having an objective, seasoned financial adviser. Give us a call anytime to discuss concerns or to learn more.
The season of giving is almost upon us, and with all the busyness of the year-end and the approaching holidays we often forget our best intentions to follow through on charitable contributions and plan appropriately for the new year. An article in the latest issue of Investor’s Edge discusses a few tips to consider to maximize your contributions.
Most people know cash contributions to eligible charitable and philanthropic organizations are deductible in the year made, but many lesser-known options are also available to taxpayers. Have you considered donating appreciated securities to obtain a larger tax benefit? Can you use investment losses to your advantage? Should you consider increasing your contributions to tax-deferred savings plans—or open an account for this purpose?
Remember, one of the benefits of working with a small firm is getting the concentrated attention our advisers can provide you, your family and your business about each area of your financial situation. And while our advisers do not provide clients with tax advice, we can work with your independent tax adviser or assist you in choosing one.
Check out the issue in its entirety here. Other topics covered in the issue:
Note: Our advisers do not provide tax advice. Please consult your tax adviser about your specific situation.
When asked to name their most important financial concerns, many Americans list retirement planning at or near the top of the list. That’s because most people want to ensure they’ll have enough income to live comfortably without running out of money, and of course no one knows how long their retirement will last or what unexpected costs may arise along the way.
An article in the latest issue of Investor’s Edge discusses eight age-based guidelines to help you make sure your retirement plan is on track. For instance, at age 50 the law allows people to step up their retirement savings by increasing the tax-advantaged contribution limits, a “catch-up” provision that can make a real difference if you take advantage of it year after year during your peak earning years. The 60s are about making wise decisions about transitioning into retirement, including enrolling in Medicare and deciding when to take Social Security benefits. And at age 70-1/2, of course, required minimum distributions kick in, so managing taxes becomes more important.
You can read the article in its entirety here. Did you know (or perhaps you’d forgotten) about the catch-up provisions? Are you confused about how the Medicare or Social Security provisions will affect you? Remember, one of the best benefits of partnering with our firm is the concentrated personal service we can provide to each client.
Note: This material is for information purposes only. Our advisers do not provide tax advice. Please consult your tax adviser about your specific situation.
If you’ve been keeping an eye on the news headlines, you might be concerned about the dramatic corrections and rough ride the markets are experiencing so far this year. But turbulent markets—particularly against the backdrop of a presidential election year—require a heightened amount of patience and discipline. Wise investors know time is more important than timing, and sticking to fundamentals can help you stay focused on the big picture. Here are three fundamentals we always keep in mind at Chasewood Wealth Management:
You can read more about election-year investment considerations by downloading the latest issue of Investor’s Edge, published quarterly by RBC Capital Markets. What’s more, we can answer your questions or help you think through the fundamentals with your particular needs in mind. We’re just a phone call away!
No matter what your net worth, it’s important to have at least a basic estate plan in place. A good estate plan includes a will, power-of-attorney assignments, and a healthcare proxy, otherwise known as a medical power of attorney. Some estate plans also include trusts to protect assets and promote tax advantages. At Chasewood Wealth Management, we can guide you through this process and help you get additional professional advice if you need it. We can also work with your legal or tax advisers to make sure your short- and long-term financial goals are protected as your family and business needs change.
Decisions about Social Security can be complicated, because life is complicated. People get married and divorced, have children, change jobs and careers, and become disabled. And beyond life changes, the laws about Social Security and the tax code are complicated and seem to change constantly.
But keep in mind one of the key benefits of partnering with a small wealth management firm is the personal service that allows us to sit down and discuss financial options and scenarios with your unique situation in mind. Mark Sitter has strong experience advising clients about Social Security and can help you determine the best path forward as you navigate these important decisions. You can also download the latest issue of Investor’s Edge, a quarterly publication from RBC Capital Markets, for more guidance on when to start taking Social Security.
This year we turn the calendar on our 10th anniversary, and you might have noticed we’re celebrating with a few improvements at Chasewood Wealth Management. We hope you like our new logo and website as much as we do, but we don’t just want to look good. We also want to connect with our clients and provide information you can use. Drop us an email about the kinds of information you’d like to see on these pages. We’d love to hear your ideas about how we can better serve you in the next decade!