If you haven’t started investing towards a long-term goal because you’re worried about short-term market volatility, consider using an investment strategy called dollar cost averaging. Dollar cost averaging takes some of the guesswork out of investing in the stock market. Instead of waiting to invest a single lump sum until you feel prices are at […]
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Investment Management: The Potential Benefits of Roth IRAs for Kids
Most teenagers probably aren’t thinking about saving for retirement, buying a home, or even paying for college when they start their first jobs. Yet a first job can present an ideal opportunity to explain how a Roth IRA can become a valuable savings tool in the pursuit of future goals. RULES OF THE ROTH Minors […]
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HOW WE ASSESS OUR PERFORMANCE AT BWFA
At BWFA, we believe that performance should never be measured by numbers alone. While absolute returns—the simple measure of how much a portfolio has gained or lost—can seem like the most obvious benchmark, they do not tell the full story. True investment success must be evaluated through the lens of risk-adjusted returns, which weigh not […]
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Investment Management: A Different Way to Think About Financial Goals
As far as achievements go, Tara Dower’s speed run of the Appalachian Trail surely takes some beating. The professional ultrarunner completed the 2,200 miles from Maine to Georgia in just 40 days and 18 hours, beating the previous fastest known time by 13 hours. The path usually takes between five and seven months, and only […]
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WHAT TO KNOW ABOUT INHERITING RETIREMENT SAVINGS ACCOUNTS
The SECURE Act of 2019 dramatically changed the rules governing the inheritance of IRA and retirement plan assets. Retirement savings account owners and their loved ones should understand these complicated rules. Depending on a number of different factors, inheriting retirement plan assets could have a significant impact on a beneficiary’s tax obligation. FIRST, A BIT […]
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NAVIGATING THE POST-ELECTION FINANCIAL LANDSCAPE: INSIGHTS FOR BWFA
The conclusion of the 2024 U.S. election is leaving many investors wondering what lies ahead. With markets responding dynamically we aim to help ourclients stay grounded. At Baltimore-Washington Financial Advisors (BWFA), our goal is to provide clarity during these pivotal times. Let’s explore the possible effects of the election outcome on BWFA’s investment management for […]