Financial Dynamics Blog


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

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Should You Plan for a Retirement in Richmond—or Move?

September 15, 2020

One of the most difficult decisions about retirement is deciding where to spend it. Whether you live in Richmond already and are deciding whether to stay, or you’re considering moving to Richmond for your retirement plan—the fact remains: Anyone who values living in a booming, diverse place with the amenities of a big city and…

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COVID-19 and Your Retirement Plan: How to Get Back on Track

July 15, 2020

Has the coronavirus pandemic affected your retirement plan? Like many Americans, you may be worried about your ability to retire on time (or at all) because of the health and economic impacts of COVID-19. If you have experienced adverse financial effects, you can still take action to improve your future finances. These actions include: Earmarking…

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Financial Dynamics’ Ricky Lafon Earns CFP® Credential

July 9, 2020

Virginia native has provided financial planning at Midlothian firm for over 5 years. MIDLOTHIAN, Virginia—Financial Dynamics & Associates is proud to announce that Advisor and Retirement Planner Ricky Lafon has earned the CERTIFIED FINANCIAL PLANNER™ (CFP®) certification. The mark is one of the highest-regarded credentials in the financial services industry, given its rigorous requirements for…

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Couple going over assets

Your Biggest Retirement Plan Assets

June 15, 2020

With the stock market experiencing volatility due to COVID-19, and with economic uncertainty high, you may be concerned about the health of your retirement plan assets. Yet rather than looking at the situation abstractly, it’s important to scrutinize the different areas that make up your retirement plan assets to get a sense of where you…

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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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