Washington Post

Well Into Retirement and Caught Short On Income

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Elizabeth Small was lucky enough to enter retirement in her early 50’s after she inherited some money. With her inheritance tucked away in a number of stocks and mutual funds, the former secretary settled into what she thought would be a comfortable life in Charlottesville. But life is no longer comfortable. Since April, the global financial crisis has chipped away at …

Financial-Planning

Going Indy

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When their clients saw UBS in the headlines of the local newspaper, Paul Weinstein and Nadine Wilkes began receiving phone calls. “They asked questions like: ‘Is UBS going to survive? and ‘Is my money safe?’ ” says Weinstein, who had been an advisor at UBS for a dozen years at the time; Wilkes had spent 19 years with the company. …

Ask The Experts | David B. Armstrong via The Washington Post

Outside Resource Featured Articles

Ask The Experts | David B. Armstrong via The Washington Post The benefit of selling investments in taxable accounts that have incurred sizable losses is that the losses can be matched against current or future realized gains to offset taxes. However, it is important to be aware of the wash sale rule. It prevents investors from claiming the loss if …

Five Ways to Pick Mutual Fund Winners

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Do you have a mutual fund in your portfolio? How good are the mutual funds in your 401(k)? It would be nice if there were a scorecard. But rating the investments you hope will glitter in your golden years can be a confusing process. That’s one reason why so many investors have embraced so-called target-date or lifecycle funds, which take …

Turmoil Drives Merrill Wealth Team to LPL

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A four-partner wealth management team in Alexandria, Virginia, has joined the independent broker-dealer network at LPL Financial after leaving Merrill Lynch’s Washington, D.C. branch in late May. The partners have formed Monument Wealth Management under the LPL banner in a bid to escape the negative atmosphere surrounding big financial-sector firms, says David Armstrong, managing director and partner of the new …

exit your business

New Independent Wealth Management Firm to Service Washington, D.C. Area.

The Monument Wealth Management Team Featured Articles

WASHINGTON, July 21 /PRNewswire/ — One of the area’s most experienced wealth management teams announced today the formation of Monument Wealth Management, a boutique independent wealth management firm that will offer true unbiased financial planning, investment advice and asset management to high-net-worth clients in the greater Washington, D.C. area. Since beginning their careers, the Monument Wealth Management team has attracted more than 150 private clients in …

Washington Post

Many Retirees Face Prospect of Outliving Savings, Study Says

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Nearly three out of five middle-class retirees will probably run out of money if they maintain their pre-retirement lifestyles, a new study from Ernst & Young has concluded. The study, set to be released tomorrow, finds that Americans will have to drastically reduce their standard of living before retirement to live comfortably, or even avoid destitution, later in life. Middle-income …