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Dream Financial Planning Monthly Newsletter

Plan Proactively, Invest Intelligently, Minimize Taxes


October Newsletter

Thanks for reading the October Newsletter from Dream Financial Planning.

2020 has been a challenging year, and if you're one of the 73 million people that tuned into the presidential debate, you're probably not feeling any better about the upcoming election and the effect it could have on your portfolio. The good news is that regardless of how messy politics is, historically, the market hasn't really cared about which party holds the White House over the long term.

That doesn't mean the market won't be volatile in the short-term, especially if the outcome of the election is uncertain for any period of time after election night. The article below has tons of great insights, and I included an excerpt below.

Presidential Elections and the Stock Market

In the months and weeks before a presidential election, markets often get overheated. Stock volatility can soar as headlines blurt out the latest poll numbers, and cable news analysts scramble to make sense of it all. In such a politically charged environment, it's easy for investors to get confused by stocks moving in a different direction than they expected.

This often leads investors to abandon their current investment strategies. Instead, they too frequently favor reallocating portfolio assets based on the belief that markets will move in a certain direction as a result of a predicted election outcome.

If you have a long-term investment plan as part of a Comprehensive Financial Plan, you probably don't need to make any changes. However, If you're worried that your portfolio might be too risky or if you're looking for a 2nd opinion, visit Riskalyze and complete our risk questionnaire. I'd be happy to conduct a portfolio check-up for you.
 

How to prioritize saving, investing, paying down debt, and buying your first home is one of the most frequent questions I get as an advisor. So, I was happy to share my thoughts with Fox Business for this insightful article. The entire article is great, and I included an excerpt of my comments below.

Pay off student loans or Invest? Here's how you can decide

People can start saving for retirement by investing in low-fee, broadly diversified stock index funds through a provider. Online discount brokers do not charge commissions for buying and selling individual stocks.

Invest money only if you established an emergency fund of three to six months worth of expenses, said Lamar Watson, a financial planner and founder of Dream Financial Planning in Reston, Va.
 

Open Enrollment Begins Soon. Consider These 5 Tips For Choosing a Health Insurance Plan

Open enrollment (the annual period where you can enroll in major medical health insurance plans) begins November 1, 2020, and will remain open for 45 days, or until December 15th. If you're getting coverage through your employer, please check with your Human Resources department as your open enrollment period might be different.

For someone looking to change or add coverage, this offers a short window of time to decide on and select your health insurance plan. Before rushing a decision to meet this deadline, take some time now to review and prepare.
 

September Blog Posts from Dream Financial Planning

Avoid These 5 Retirement Mistakes
From neglecting your emergency fund to withdrawing retirement funds too soon, there are fundamental mistakes that could cost retirees dearly in the future.

The Undeniable Connection Between Women CEOs and Stock Prices
6% of S&P 500 companies are led by women CEOs. And yet, the studies show women in leadership can lead to higher profits and rising stock prices.


Read more from Dream Financial Planning on the blog.

I wish you the best as you start planning for your dreams!

Complimentary Consultation

With uncertainty surrounding the economic stability of our country, it's okay to have fears and anxieties surrounding your own savings and investments. The most productive course of action from here is to reach out to Dream Financial Planning (or whoever your trusted advisor might be) and discuss your options. It's easy to have knee-jerk reactions when it feels like the bottom is falling out, but it is imperative to make decisions using research-backed data and a level head. If you'd like a Complimentary Review and risk assessment of your investment portfolio feel free to send me an e-mail.

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September Newsletter

I've been getting a lot of questions recently about Insurance, so I discuss in this month's newsletter. Before you buy Insurance, make sure you're working with a Fiduciary and ask about the agent's fees and commissions, which are often very high or hidden for Whole Life Insurance products and Annuities. How do you know if this is what they're trying to sell you? Look out for terms like cash value, guaranteed return, no risk, or tax-free growth.


August Newsletter

In this month's newsletter I discuss why I started Dream Financial Planning and the foundational principles of my firm. I also included two downloadable PDFs. One highlights what you should consider when paying off your student loans. The other provides guidance on Income-Driven Repayment ("IDR") Plans, which can be an attractive option for federal student loan borrowers.

July Newsletter

In this month's newsletter I shared an article that discusses Regulation Best Interest vs. the Fiduciary Standard. I also included two downloadable PDFs. One highlights how to make sure your Health Savings Account (HSA) distributions are tax-free. The other provides guidance on if you should contribute to a Roth or Traditional IRA.  Last, but not least there are articles on the recent jobs report, first time home-buyers, and mortgage refinancing.


June Newsletter

Are you considering a Roth Conversion? I included a downloadable PDF flowchart to help guide you.  I also mention the surging Stock Market and better than expected unemployment numbers. There's also a friendly reminder about the difficulties of trying to time the market.

May Newsletter

What should I do with my 401k?  This is a question I've been getting a lot recently, I answer it in this month's newsletter. I also include two downloadable PDFs.  One is a checklist that outlines the primary issues you should consider when reviewing your taxes.  The 2nd checklist outlines what you should do if you lose your job in these difficult times. 

April Newsletter

I discuss the recent economic stimulus package and what it means for you. I also include two downloadable PDFs with helpful tips to help you navigate these trying times. Lastly, I discuss the Behavior Gap, and how holding your emotions in check is essential for financial success.

March Newsletter

In the words of Warren Buffet. “Be fearful when others are greedy and greedy when others are fearful.” Topics include Market Volatility, trying to time the market, and Mortgage Rates.

February Newsletter

Topics include Millennials and home ownership, a tax calculator from the IRS, and January blog posts from Dream Financial Planning.

Disclaimer: Dream Financial Planning, LLC does not warrant that this information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall Dream Financial Planning, LLC be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if Dream Financial Planning, LLC or a Dream Financial Planning, LLC authorized representative has been advised of the possibility of such damages. Please consult with your own advisor before making any changes to your Financial Plan, Investments, or Insurance coverage.