Insights/ Articles

"Education is the foundation of better financial decisions" - Jeff Dixson

Retirement Risks: Sequence of Returns Risk

By Northwest Financial & Tax Solutions | July 27, 2017

Listen to Jeff Dixson’s interview about this subject with KXL FM 101.1’s Jim Ferretti- Aired 7/26/17 A significant risk facing retirees today that is often overlooked When we’re contributing to our retirement accounts on a consistent basis, we’re making systematic purchases. We buy when the market is up and we buy when the market is…

More Money, More Problems

By Northwest Financial & Tax Solutions | July 21, 2017

Lessons to be learned from Celebrities’ Money Troubles You often hear it said “more money, more problems”. That phrase rings true with many celebrities today. Celebrities are constantly in the public’s eye, and face criticism about how they act, what they wear and how they handle their money. While their extravagant lives can seem unrelatable…

To Index, Or Not To Index, That Is the Question

By Northwest Financial & Tax Solutions | July 13, 2017

In the past decade, there’s been a seismic shift from active to passive management with index funds and ETFs that track the market. With this overwhelming shift from active to passive management, should you hop on the passive investing route, or seek out something more active? The main reason investors have been flinging money into…

Do You Have a Plan For Your Last 8,000 Days?

By Northwest Financial & Tax Solutions | July 6, 2017

We are living longer and spending a longer period of time in retirement than ever before. As medical science has advanced, our year-round access to organic produce has increased and our lives have gotten less physical with technology, people continue to live longer and longer. This increased lifespan has had a profound effect on how…

Unexpected Layoff – Blessing in Disguise?

By Northwest Financial & Tax Solutions | June 28, 2017

People make plans for retirement- “I’m going to work until 65 and call it quits, enjoy my life, golf more, spend time with the grandkids, travel the country or the world!” However, if an unexpected layoff happens, life can be thrown up in the air. Whether you’re in your 40’s, 50’s or even 60’s, an…

Do you have an investment policy statement?

By Northwest Financial & Tax Solutions | June 14, 2017

That question isn’t considered by most investors, but it should be. An investment policy statement is a formal written policy that indicates how you want your money managed and why it’s being managed in that way. Typically it’s interchangeable with the term “financial plan”, however it differs in one significant way; a financial plan typically…

Why Retirement Planning is Like Mapquest

By Northwest Financial & Tax Solutions | June 7, 2017

When you go onto Google or Mapquest to get directions it typically asks you two things: 1) Starting location 2) Ending destination Often in the financial industry prospective clients sit down with an advisor who quickly begins proposing “roads to take” without fully nailing down and understanding their starting point and ending destination. These “roads…

Don’t Go to the Grocery Store without a List

By Northwest Financial & Tax Solutions | May 31, 2017

Picture this- Imagine you have never cooked a meal before and you are sent to the grocery store to buy ingredients for an elaborate meal you’re going to cook. Unfortunately you only have a vague idea of what you’re trying to cook. On all of the shelves there aren’t any prices, or if there are,…

Most People Don’t Know All the Fees They’re Paying

By Northwest Financial & Tax Solutions | May 23, 2017

Fees can erode your retirement nest egg over the years. The problem is most people don’t know how to identify what fees they’re paying or decide whether or not those fees are justified. Right up front, someone might be hit with a 6% sales load paid to the advisor, then on top of that, they…