Resources

Blog

Should I Pay Off My Mortgage?

Financial Advisor Financial Advisor for Gay Couples Financial Planning Financial Planning for Gay Couples Mortgage Lending July 17, 2017 Author: Woody Derricks

If you search the internet, you can uncover as many articles telling you to pay off your mortgage as ones encouraging you to keep it forever. Why are so many financial advisors divided over this one issue? The truth is that it’s simply a matter of strategy, and what works for some people may not […]

Continue reading ›

How Much Life Insurance Do My Partner and I Need?

Financial Advisor Financial Advisor for LGBT Couples Gay Friendly Financial Advisor Annapolis Life Insurance June 29, 2017 Author: Woody Derricks

Same-sex couples need to look at life insurance even more so than their heterosexual counterparts. With so many unknowns when it comes to the legal ramifications of civil unions and domestic partnerships, life insurance should be an integral part of every same-sex couple’s financial planning process. Life insurance should not be treated as a one-size-fits-all […]

Continue reading ›

Is Your Insurance Agent Telling You Everything?

auto insurance insurance policies Life Insurance June 21, 2017 Author: Woody Derricks

Home and auto insurance takes up quite a bit of your monthly budget. You may not feel the sting like other bills thanks to escrow accounts and electronic funds transfer (EFT), but if you took the time to add up your annual expenditure, you might be surprised at how much it is. Insurance is a […]

Continue reading ›

Prenuptial and Postnuptial Agreements for Same-Sex Couples

Financial Advisor for Gay Couples Financial Advisor for LGBT Couples Financial Planning for Gay Couples Financial Planning for same-sex couples Gay Friendly Financial Advisor Annapolis May 22, 2017 Author: Woody Derricks

Although some same-sex couples may not want to admit it, divorce may be on the horizon for them. It’s the unfortunate reality in today’s world. With ambiguous laws and some states still not realizing certain types of civil unions, the division of assets could be much hazier when it comes to same-sex couples separating. If […]

Continue reading ›

Investment Advice: The Benefits of Working with a Registered Investment Advisor

Financial Advisor Investment Advice Registered Investment Advisor RIA May 15, 2017 Author: Woody Derricks

Whether you are a high-net-worth individual or a mid-size institution, it can be difficult to develop an investment strategy and oversee your investments – especially as your portfolio grows and becomes more diverse. Because of this, many people seek investment advice through a third party. Not all advisors are equal, though, when it comes to […]

Continue reading ›

Tips for Getting the Most out of Your Pension

Estate Planning Estate Planning for Gay Couples Investment Strategy Pension Retirement Planning April 25, 2017 Author: Woody Derricks

According to usa.gov, people live an average of twenty years after retirement. If you are planning to use a pension to fund a significant portion – if not all – of your retirement, are you confident that it is going to allow you to live the lifestyle you want? No one wants to outlive their […]

Continue reading ›

The Importance of Beneficiary Designations, Especially in Same-Sex Couples

Estate Planning Estate Planning for Gay Couples Financial Advisor for LGBT Couples Financial Planning for same-sex couples April 10, 2017 Author: Woody Derricks

The Importance of Beneficiary Designations, Especially in Same-Sex Couples  The last time you purchased a life insurance policy or set up a retirement account, do you remember who you designated as your beneficiary? As your life changes, your beneficiaries may need to change, too. They should be reviewed periodically, if not annually, to ensure that […]

Continue reading ›

Where Your Tax Refund Should Go

Financial Planning Tax Planning Taxes March 30, 2017 Author: Woody Derricks

While it may be tempting to spend your tax refund on a weekend getaway, there could be better ways to utilize that extra cash. You could start an emergency fund, pay off a credit card, or even donate to your favorite charitable cause. Before you decide where the money will go, consider the following ideas […]

Continue reading ›

College Planning Tips

Financial Advisor Financial Advisor for Gay Couples Financial Advisor for LGBT Couples Financial Planning Financial Planning for Gay Couples Financial Planning for same-sex couples March 2, 2017 Author: Woody Derricks

It takes a lot of money to put a child through college. According to The College Board, the tuition for a public, in-state, four-year college averages $9,650 for the 2016-2017 school year. Out-of-state students average $24,930 this year, and students who are attending a private school are paying an average of $33,480. If you and […]

Continue reading ›

Jointly or Separately: How Should Married Same-Sex Couples File Taxes?

Financial Planning for same-sex couples Gay Friendly Financial Advisor Annapolis Tax Planning Taxes February 28, 2017 Author: Woody Derricks

With tax filing just around the corner, many new same-sex couples are asking whether or not they should take advantage of simplified joint filing or file separately, as they did before marriage. While it may seem easier, filing jointly could actually result in higher taxes! It’s best to examine your circumstances and then consult a […]

Continue reading ›