Fonville Wealth Management Blog

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How To Plan For Retirement in your 50s

Your retirement is looming. You know that understanding how to plan for retirement in your 50s is important, right? After all, you wouldn't be reading this blog.  But, with retirement so near, why is it that 68% of investors in their 50s and older fail to spend the...

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Stock Market Update: January 2016

Stock Market Update: January 2016 Although down markets are a normal and expected part of the investment process, they are a challenge — especially emotionally. Last week (ending January 8), the S&P 500 dropped 5.91% and the MSCI EAFE (a major International market...

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Investor Behavior Leads to Poor Returns

Investor Behavior Leads to Poor Returns Sell! Sell! Sell! With the recent stock market decline, it is easy to think that selling your investments might be a good idea. Don't do it. Studies have show that investor behavior leads to poor returns in the stock market over...

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6 Threats to Baby Boomers Retiring

Summary: As a group, baby boomers were the wealthiest, most active, and most physically fit generation up to that time, and among the first to grow up genuinely expecting the world to improve with time. They were also the generation that received peak levels of...

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Retirement Withdrawal Rates

Retirement Withdrawal Rates During your working years, you've probably set aside funds in retirement accounts such as IRAs, 401(k)s, and other workplace savings plans, as well as in taxable accounts. Your challenge during retirement is to convert those savings into an...

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Avoiding Probate: Is It Worth It?

Avoiding Probate: Is It Worth It? When you die, your estate goes through a process that manages, settles, and distributes your property according to the terms of your will. This process is governed by state law and is called probate. Probate proceedings fall under the...

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10 Financial Terms Everyone Should Know

10 Financial Terms Everyone Should Know Understanding financial matters can be difficult if you don't understand the jargon. Becoming familiar with these 10 financial terms may help make things clearer. 1. Time value of money The time value of money is the concept...

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Estate Planning for a Second Marriage

They say that love is lovelier the second time around. But for many individuals, remarriage later in life can create some unique estate planning issues. If you're anything like the typical person contemplating a second (or third) marriage, you are older, have...

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Key IRS Adjustments for 2015

Every year, the Internal Revenue Service (IRS) announces cost-of-living adjustments that affect contribution limits for retirement plans, thresholds for deductions and credits, and standard deduction and personal exemption amounts. Here are a few of the key...

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3 Ways to Lose Money in the Stock Market

Summary: Have you ever lost money in the stock market? For many Richmond families, this is one of the biggest fears about investing. In my experience, most investors fear permanent loss of their money. It's only natural. A colleague of mine who frequently speaks to...

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6 Things to Consider Before Retirement

6 Things to Consider Before Retirement For many people, retirement can last a long time and can be overwhelming. With proper planning, you may be able to reduce your retirement anxiety (See: Retirement Anxiety: 5 Ways to Reduce it) and boost your retirement...

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Fee-Only Vs Fee-Based Financial Advisors

Summary: Fee-only Vs Fee-Based Financial Advisors - What's the difference? If you are searching for a financial advisor, you may be wondering how different financial advisors are compensated. In this short blog, I have summarized the difference between...

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When will the stock market crash?

When will the stock market crash and what will you do when it does? That question enters the minds of investors every day of the year regardless of the headlines. Nobody likes poor performance and even temporary declines can seem permanent at the time. (See: 8 Threats...

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Roth IRA Contribution Limits 2013

Roth IRA contribution limits 2013 were announced in October of 2012 by the Internal Revenue Service (IRS). Below, you will find the Roth IRA limits for 2013. You have until April 15th of 2014 to make your 2013 Roth IRA contribution. Roth IRA Contribution Limits for...

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Social Security Calculator

Our social security calculator can help you estimate your potential social security retirement income benefit. There are limitations to the social security calculator below, so make sure you check with the social security administration for an accurate number....

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Roth IRA Contribution Limits 2014

Roth IRA contribution limits 2014 were announced in October of 2013 by the Internal Revenue Service (IRS). Below, you will find the Roth IRA limits for 2014. You have until April 15th of 2015 to make your 2014 Roth IRA contribution. Roth IRA Contribution Limits for...

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401k Contribution Limits 2014

401k contribution limits for 2014 were announced in October of 2013 by the Internal Revenue Service (IRS). Below, you will find the 401k limits for 2014. You have until April 15th of 2015 to make your 2014 401k contribution. 401k Contribution Limits for...

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401k Contribution Limits 2013

401k contribution limits for 2013 were announced in October of 2012 by the Internal Revenue Service (IRS). Below, you will find the 401k limits for 2013. You have until April 15th of 2014 to make your 2013 401k contribution. 401k Contribution Limits for 2013 401k...

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Get Your Free Retirement Report

Free Retirement Report For those of you who want to get started on the right foot with your finances in 2015, Fonville Wealth Management will be offering a Free Retirement Report.  Our free retirement report will help you answer the following questions: When can I...

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5 Ways to Maximize Social Security Benefits

Summary: If you have ever wondered how to maximize social security benefits, you are not alone. This is is one of the most frequent questions I receive from individuals who are planning their retirement. (See: How to plan for retirement in your 50s) With proper...

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Advantages to Asset Class Investing

Summary: In The Advantages to Asset Class Investing, I focus specifically on the advantages of asset class investing over the traditional passive investing technique; indexing. I define asset class investing and explain the potential benefits to both individuals and...

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3 Problems with Index Funds

 Summary: Index funds can be great vehicles for long term investing for many investors. However, there are 3 problems with index funds which I believe are problematic toward long term investment success. I summarize the benefits of index fund investing and identify...

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5 Steps to an Effective Portfolio

Here are 5 steps to an effective portfolio that we hope will add clarity to your financial future. With so much choice it can seem impossible to identify a strategy that will work for your goals. I attempt to simplify the steps to an effective portfolio below. Enjoy!...

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Is Your Portfolio Full of Lemons?

Too often, advice peddled by the financial media leaves investors stuck with lemons. Since just about everyone enjoys a good magic show, I thought I would share with you a six minute video which does a great job illustrating how quickly the news of today can end up as...

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Preparing for the Unexpected

Does anyone really NOT know how to fasten a seat belt on an airplane? Still, every time you get on a plane, you know you’re going to get the safety instructions. If you speak to airline employees they will tell you that it’s all a part of being top-of-mind in case of...

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Brokers Vs. Fiduciaries

Check out this great animation created by High Tower Advisors in Chicago. As a fiduciary, we have found this video to be very helpful in helping investors understand the difference between brokers and fiduciaries. Do you know if your advisor is a broker or fiduciary?...

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What is financial planning?

What is financial planning? The financial services industry is full of jargon that can often be confusing for many investors. Believe me, I get it. In fact, I reference many terms such as wealth management, financial planning, and investment management on my own...

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Preparing for Retirement Emotionally

Preparing for retirement emotionally can take a big toll on your psyche. If you are like many individuals, the idea of retirement often conjures up thoughts of the extra time you and your loved ones will enjoy together and never having to answer to your boss again....

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Financial Planning for Women

Summary: Financial planning for women is a topic that is often ignored. As a woman, I know that it is easy to get sidetracked with other aspects of our lives. From juggling work and family responsibilities to caring for immediate family, it can be difficult to find...

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8 Ideas For 2012 Year-End Tax Planning

The uncertainty about future tax law makes 2012 year-end tax planning especially difficult. It feels a lot like 2010. As you may recall, the Bush-era tax cuts were due to expire at the end of 2010 and return to levels not seen since the year 2000. Then, at the last...

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When Can I Retire?

Retirement is a goal to be relished, not dreaded. Yet, even though most individuals wonder: “when can I retire?”, most fail to take the time necessary to make sure it becomes a successful reality. Most people do indeed dread planning their own financial future. The...

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Election Years and the Stock Market

With the 2012 presidential election just around the corner, there’s no doubt election years and the stock market are a focus for investors. When it comes to the stock market, you may even see headlines noting that Presidential election year returns are often...

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3 Steps To Tax Efficient Investing

Tax efficient investing isn't always the first thought for many investors. But, let's face it,  no one likes to pay more than their fair share of taxes to Uncle Sam. Yet, for many high net worth and high income investors, taxes can be the biggest obstacle to portfolio...

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Is Wall Street Looking After You?

"Oops….My bad" is a poor excuse for something that was completely avoidable. It is certainly something you don’t want to hear from a Wall Street firm, especially after the financial crisis of 2008-2009. But when J.P. Morgan recently sustained a $3+ billion trading...

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International Portfolio Diversification

With the current fixation on the financial crisis in Europe and fears of a global contagion, many investors may forget the benefits of international portfolio diversification. U.S. equity markets ended 2011 essentially flat, but most stock markets around the world...

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Best Richmond Restaurants For Your Wallet

Eating out and saving money often don’t go hand in hand; so identifying the 5 best Richmond restaurants for your wallet and your taste buds was no easy task. However, I like challenges and this was one I was more than happy to tackle. As a slight warning, if you are...

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4 Ways to Ruin Your Retirement

If you plan on retiring, avoiding some simple but catastrophic mistakes early on, could save you some heart ache in your retirement years. We often inadvertently do things that can ruin our likelihood of retirement success. Review the following retirement checklist to...

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Is Investing Gambling?

With the ongoing market decline, many investors are concerned that the financial system is rigged against them, constructed by policy makers, regulators, banks, rating agencies and Wall Street firms for their own benefit. Clients can often feel as if they are playing...

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Is Cash Safe?

Is cash safe? This question is being raised more often as investors consider moving their money out of markets and into safe havens. Oddly enough, I am reminded of the same question posed by investors back in 2008 just when markets were at their near bottom. In fact,...

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Are All Financial Advisors The Same?

Do you know if your financial advisor is required to place your interests before his own? Both independent investment advisors and stock brokers can hold themselves out to the public as experts in financial advice, but did you know only one of these has a fiduciary...

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