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Blog : 2016 - Page 2 of 12 - Partnership Wealth Management

Moral Peace of Mind with Socially-Responsible Investing

Financial Advisor Financial Advisor for Gay Couples Financial Advisor for LGBT Couples Financial Planning for Gay Couples Gay Friendly Financial Advisor Annapolis Investments LGBT friendly financial Advisor June 28, 2016 Author: Woody Derricks

In the wake of the Orlando shooting as well as other acts of gun violence over the past few years, I’ve been asked more and more about limiting gun manufacturers from client portfolios.  For those clients who have been concerned about guns, we’ve been discussing socially-responsible investing. While socially-responsible investing has been around for some […]

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Retirement Planning for Gay Couples – Part 1

Retirement Planning Retirement Planning for LGBT Couples June 15, 2016 Author: Woody Derricks

Retirement Planning for Gay Couples, Part 1: Social Security, Medicare, Retirement Benefits Retirement planning has just gotten a bit easier for same-sex married couples. In 2015, the U.S. Supreme Court determined in Obergefell v. Hodges that same-sex couples have a constitutional right to marry in all states and have their marriages recognized by other states.  […]

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Know Before You Owe

Financial Advisor Mortgage Lending June 15, 2016 Author: Woody Derricks

Know Before You Owe During the foreclosure crisis a few years ago, it became clear that many borrowers didn’t understand the terms and rules or their mortgages. In response, the Consumer Financial Protection Bureau (CFPB) has been working to simplify the lending process. This is great news if you’re buying a new home in 2016! […]

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Tips to Start Planning Next Year’s Tax Return

Financial Advisor LGBT friendly financial Advisor Tax Planning May 30, 2016 Author: Woody Derricks

You just finished filing your 2015 tax return.  Congratulations!  Before you move on to the next item on your to-do list, take the time now to start planning for next year’s tax return.  A little planning and organizing now will save you time and money next year. The following tips to start planning for next […]

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Creating a Financial Plan

Financial Advisor Financial Planning May 15, 2016 Author: Woody Derricks

Creating a Financial Plan Source: partnershipwealthmanagement.com/ Financial planning should be the foundation of everyone’s long-term goals. The best personal financial plans are customized to an individual’s needs and goals and address everything from their day-to-day finances to retirement planning, investment planning to estate strategies, and insurance to tax strategies. The best financial advice is custom […]

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Power of Attorney and Your Investments—10 Tips

Investments Power of Attorney April 30, 2016 Author: Woody Derricks

Power of Attorney and Your Investments—10 Tips Source: FINRA, Financial Industry Regulatory Authority It’s never too early to consider how you want your financial affairs to be managed if something happens to you. One solution is to grant a power of attorney (POA) for your investments account assets to your spouse, sibling, adult child or […]

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An Overview of Financial Planning for Same-Sex Couples

Financial Planning Financial Planning for Gay Couples April 15, 2016 Author: Woody Derricks

An Overview of Financial Planning for Same-Sex Couples It’s been almost three years since the Supreme Court allowed same-sex marriage to be recognized as marriage at the federal level (U.S. v. Windsor, June 2013) and almost a year since the Supreme Court legalized same-sex marriage across the United States by over-turning the gay marriage bans […]

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Domestic Partnerships and Civil Unions

Financial Advisor for Gay Couples Gay Friendly Financial Advisor Annapolis March 30, 2016 Author: Woody Derricks

Domestic Partnerships and Civil Unions Source: https://www.irs.gov/ If you’re in a domestic partnership, civil union or similar formal relationship that is not a marriage under state law, you’re not considered as married for federal tax purposes. This was made clear by the IRS in its Revenue Ruling 2013-17. Revenue Ruling 2013-17 ruled that same-sex couples, […]

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IRS Changes for Same-Sex Married Couples

Financial Advisor for Gay Couples Financial Planning Taxes March 15, 2016 Author: Woody Derricks

So you’re a same-sex couple who can now marry in your state (or marry in a state other than your home state-where allowed).  That’s great!  What they don’t tell you when you get your marriage license and walk down the aisle is that your financial picture will change.  In many ways, you’ll see things become […]

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Financial Planning – Should I Refinance My Mortgage?

Financial Advisor Financial Planning February 28, 2016 Author: Woody Derricks

Although mortgage rates jumped in December after the Fed’s rate increase, they have come down since the beginning of the year. According to BankRate.com, current rates for thirty-year mortgages are 3.87% nationally (rates posted online as of 3/9/2016). While you may have a low rate on your current mortgage, you may want to consider evaluating […]

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