Financial Dynamics Blog


We help individuals and families work toward achieving their ideal retirements.

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High-Income Earners & Retirement Planning: How to Save More

May 15, 2020

As the coronavirus crisis has shown, the unexpected can happen at any time, threatening both health and finances. While that doesn’t mean you should panic, high-income earners may want to reassess their retirement planning so that they have more of a cushion and flexibility regardless of what happens later in life. In particular, consider saving…

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retirement contribution limits 2020

Retirement Plan Contribution Limits for 2020

April 15, 2020

While the coronavirus pandemic and associated economic and stock market declines may cause you to consider putting retirement plan contributions on hold, it’s important to stay focused on your long-term retirement planning goals. If you have the means, you should generally continue to invest in retirement savings accounts, perhaps even to the 2020 retirement plan…

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Computer with refinance on screen

Financial Planning Tips for Down Markets: Refinance Your Mortgage or Other Debt

April 10, 2020

Although interest rates were low before COVID-19 sent our economy into a downturn, the Federal Reserve has slashed them to near-zero in response to the crisis. You may find that such low interest rates are an opportunity to save money by refinancing your mortgage or other debt. Refinancing can be a good option to reduce…

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Family Loan

Financial Tips for Down Markets: Make Low- or No-Interest Loans

April 10, 2020

The economic decline from the COVID-19 pandemic may have a silver lining for lending: a rapid drop in interest rates. This can make it an ideal time to make low- or no-interest loans to your loved ones while minimizing tax impacts for yourself. Tax Implications for Low- or No-Cost Interest Loans It is natural for…

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Calculator and a Down Market

Financial Tips for Down Markets: Harvest Tax Losses

April 10, 2020

While a stock market downturn like the one we are experiencing now can leave investors anxious, you can help make the most of this challenging situation through a variety of financial planning strategies, such as tax loss harvesting. By “harvesting” the tax losses within a taxable investment account like your brokerage account, you can increase…

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Roth IRA vs Traditional IRA written in the notepad.

Financial Tips for Down Markets: Convert to a Roth IRA

April 6, 2020

As the impact of the COVID-19 pandemic sends shudders of uncertainty into our markets and economy, you may be feeling a lack of control over your investments. But while your retirement accounts have likely suffered recent losses, stock market corrections can provide financial planning opportunities that help enhance wealth when markets recover. One such opportunity…

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What the CARES Act Means for Individuals

What the CARES Act Means for Individuals

April 3, 2020

As we continue to delve into the CARES act and legislation here at FDAA, our advisors wanted to pass along the following summary around the potential benefits and impact this legislation may have on your financial affairs: As the health care community tries to get a handle on the coronavirus pandemic, the U.S. government has…

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Local Financial Advisor

How a Local Financial Planner Can Help You Achieve Your Goals

March 2, 2020

As you grow your savings and start to think about retirement planning and personal financial goals, you might wonder whether a local financial planner can help. In many cases, financial planning includes components beyond investment management—such as tax and estate planning, which can be complex and time-consuming to manage on your own. Working with a…

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2020 ASK Gala Sponsor

Financial Dynamics & Associates Honored to Sponsor ASK Gala

February 20, 2020

Money raised at annual fundraiser supports children and families affected by cancer. MIDLOTHIAN, Virginia—Financial Dynamics & Associates is proud to announce its support for 2020’s ASK Above & Beyond Gala. “We have been raising funds for the ASK Childhood Cancer Foundation over the past several years, collecting donations at events like our annual client appreciation…

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Washington DC Capital Building

SECURE Act and Retirement: What It Means for You

February 14, 2020

While political issues aren’t necessarily a common influence on financial planning, the newly passed Setting Every Community Up for Retirement Enhancement (SECURE) Act could affect your retirement plan, as well as your taxes and estate plan. Notably, the SECURE Act could affect how you pass on assets to your heirs, as well as the age…

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