Archive for February 2020
Coronavirus, DOW Drops 1000 points- “What the heck do we do David?”
I’ve been doing this almost 20 years and have learned my gut serves me well as to knowing when it’s time to send some thoughts and tips when days like today happen. So, here we go: No doubt, a large drop (like 1,000 points in the DOW) is unsettling and the media LOVES the headlines-…
Read MoreUpdated Thoughts, a Great Article, and Relevant Chart on the Coronavirus
Investors have now experienced their first disruption of the year: The Coronavirus. The investing experience is no stranger to unexpected surprises- and, while the downdraft this week was unexpected, it certainly was not unprecedented. I have attached 2 VERY good pieces for you to look at this weekend- 1) A chart showing all Epidemics and Stock Market Performance…
Read MoreWhat Are Some Alternatives to Putting All of My Money in the Stock Market
Nashville based Financial Planner, David Adams continues the conversation in this Retire While You Work series, discussing good alternatives to putting money into the stock market. Most financial planners leverage the stock market to build investment portfolios which David does too, however by adding layers to financial plans can help ease concerns. Listen to the…
Read MoreMatching Company Benefits to Our Philosophy
Anyone who’s been in for a meeting with David (whether a client or a potential client) knows his overall philosophy is to “Retire While You Work.” He’s built up a team over the last few years that is extremely well-rounded, and they provide first-class service to each client. During the summer of 2018, David and…
Read MoreThe Importance of Updating Your Beneficiaries
Who is the beneficiary of your various assets? Probably not a question that came up at dinner with friends, but maybe one that should have. Not because your nosy friends need to know who you are leaving your property to, rather because it may be something that you haven’t checked on in years. But you…
Read MoreThe Impact of Investment Accounts on Your Tax Return
Around this time of year, brokerage firms begin issuing 1099s to individuals and businesses who have investment income to report to the IRS. Having been on the tax side of the business, I’ve spent many hours reading over 1099s and plugging those numbers into tax returns (I promise I didn’t just do this for fun).…
Read MoreForbes Announces David Adams as a 2020 Best-In-State Wealth Advisor for the 3rd Year in a Row
For a Third Consecutive Year, David Adams Named to Forbes’ 2020 List of Top Wealth Advisors NASHVILLE, TN, February 15, 2020 – David Adams Wealth Group- a team of financial planning and wealth management advisors- Founder and Principal, David Adams, has been named to Forbes Magazine’s prestigious list of America’s Best-in-State Wealth Advisors. The list,…
Read MoreJanuary 2020 IRA Rebalancing Notes and Rationale
Wanted to give a quick update from our Investment Committee’s recent meeting, as we begin the process of rebalancing all client IRA (tax-deferred) accounts: This is our 2020 major rebalance, with the goal being to target back to the original risk allocation (think stocks to bonds ratio), essentially taking gains off the table to sell…
Read MoreWhat’s My Magic Number
Many people are fearful of retirement and they want to know what the magic number is to retire. David shares that there is no magic number and 95% of the time the number is in our heads. In this podcast, we’ll listen to David share some examples from clients and the vast differences between the…
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