Woods Financial Blog

Pension Trends

May 7, 2013

If you could look into a crystal ball and predict which retirement income plan was more likely to be around in 20 years – would you choose Social Security or company pensions?   [CLICK HERE to read the article, “President Obama looks to reduce Social Security cost of living increases with ‘chained CPI’,” at marketplace.org,…

The Newly Found, Lost Generation

April 30, 2013

The new crop of young adults who went to and graduated from college during the midst of the millennium’s economic decline should all be issued “I survived the recession,” tee shirts. There’s a lot resting on their shoulders now, and yet many are still struggling to find jobs and get a foothold in the career…

Market and Economic Update

April 23, 2013

Just weeks after the Dow Jones Industrial Average (DJIA) reached a record high, the S&P 500 closed at a new high of 1,569.19 on Thursday, March 28 – four points above its previous record of 1,565.15 back in October of 2007. The index remains short of its all-time trading high of 1,576.09.   [CLICK HERE…

Congress Hard at Work

April 16, 2013

For all the criticism received prior to the New Year, both houses in Congress seem to be in full swing working on legislation on a wide range of issues, from budget control to gun control.   As for the budget, the huge divide doesn’t really appear to be getting any closer. With one phase of…

Good News Abounds in the Housing Market

April 9, 2013

In March, average fixed mortgage rates moved lower than in recent months. In fact, they actually average even lower than this time last year. That’s particularly good news in light of the pick-up in the residential real estate market. This spring season has already resulted in a dramatic shift from buyer to seller’s market in…

The Planning for Retirement Conundrum

April 2, 2013

In our personal lives, we approach large amounts of debt with a long-term timeframe. For example, the 30-year mortgage. So it stands to reason that the U.S. national debt – currently in the ballpark of $16.7 trillion – will require a long-term plan as well.   If you’d like to get the up-to-the-fraction-of-a-second update on…

Health Care Deductions

March 26, 2013

With all of the attention given to the new tax provisions passed in the American Taxpayer Relief Act of 2012, it may be tough to focus on last year’s laws in order to complete last year’s tax return. Whether you’re planning to complete your return by April 15 or file for an extension, don’t forget…

Sequestration Frustration

March 19, 2013

When did the word “sequestration” first penetrate our mainstream American vocabulary? It’s generally used in a trial when the jury is sequestered so they can’t talk to anyone about the case.   Merriam-Webster’s dictionary has several definitions that don’t seem to apply to our budget’s current disposition, although it does say that, in law, sequestration…

Why Does Health Care Cost So Much?

March 12, 2013

Do you know what a routine venipuncture is? That’s a fancy way of saying a nurse drew blood from your arm. Do you know how much one 325mg acetaminophen tab might cost you in a hospital? That’s the generic version of a Tylenol pill, by the way, and just one will run you $1.50 at…

The Toll of Education

March 6, 2013

Who knows what makes one child better able to grasp mathematical concepts than others? Is it genetic? Is it access to better education?   Most of us know people who inherently seem to “get it,” but it’s likely we know a lot more who struggle with math. Much like art or music, the math gene…