Let’s Talk Pensions

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It used to be (just a few years ago) that if you worked for a company that offered a pension, you were one of the lucky ones. That retirement income was reasonably secure compared to workers contributing to a 401(k) or other defined contribution (DC) plan. Not so much anymore though. First of all, government…

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Euro Blues

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This line was recently floated across social media sites: “Greece is collapsing, Iran is getting more aggressive, and Rome is in disarray. Welcome to 450BC!” Indeed, the similarities are interesting to note. And with the 2012 Olympic Games in London on deck alongside news of Greek austerity rebellion, it’s easy to recall the days of…

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Good News in Real Estate

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Hope…it may be the most powerful force in the universe. Evidence shows time and time again that when people receive just a glimmer of hope that they may be able to achieve something, that hope is the driving force that can move mountains, end wars and, apparently – increase home property values.   Dare we…

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Lower Cost Health Care in Sight?

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While there is ongoing debate over whether The Patient Protection and Affordable Care Act can mandate that every American must purchase health insurance, just about everyone from insurers to employers to health care providers to patients can agree that the health care system in the U.S. needs major reform.   Fortunately, reform is already underway.…

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Newton’s Law of Economics: The Power of Sentimental Investors

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Newton’s Third Law of Motion (for every action there is an equal and opposite reaction) may well apply to the correlation between investments and investor sentiment.   For example, the nation’s largest bank, JPMorgan Chase, recently announced that instead of posting $200 million in profit, as it had previously estimated, it had actually lost $2…

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Financial Infidelity

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Are you cheating on your spouse? Financial infidelity is another way of saying you spend household money without telling your other half about it. It happens all the time. In fact, according to a new survey by The American Institute of CPAs (AICPA)1, three in 10 adults who are either married or living with a…

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Puttering

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We’ve been waiting so long for good news that we are expecting one day, one report or one leading indicator to come out that will announce: “It’s over! Prosperity is here! Go out and buy a home and ask your boss for a raise. The good times are here again!”   Much like your golf…

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Moms, Work, and Money

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The role of moms in American culture has received more attention lately after a CNN interview in which Democratic strategist Hilary Rosen said that First Lady candidate Ann Romney (mother of five) “never worked a day in her life.” The whirl of controversy that ensued included tweets from both Michelle Obama and Ann Romney reinforcing…

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Spending Behavior

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A college graduate who recently got his first “real” job received this bit of financial advice from his mom: “Don’t spend your money on things; spend it on making memories.”   The gist of this advice stems from what people who live long lives say on their death bed – that the things they treasure…

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Are Aging Boomers Our Economic Lifeline?

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Here’s a statistic that might take you for surprise: For every three older workers, a vacancy for a young person opens up due to the economic wealth older people create.1 That’s the word from Dr. Alexandre Kalache, an expert on the aging demographic and President of the International Longevity Centre in Brazil. According to Dr.…

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Phone: 757-482-0291
Fax: 757-482-1739
info@woodsfinancial.hrcoxmail.com

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Chesapeake, VA 23322
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This guide is for informational purposes only. It is not intended to provide tax or legal advice. By requesting this guide you may be provided with information regarding the purchase of insurance products in the future.