White House Financial & Settlement Solutions, LLC

I saw this quote at a CrossFit box I worked out at in Stuart, Florida called Be CrossFit. "Pain of discipline now or pain of regret later.  Your choice!" This is a somewhat shortened version of the following original quote by Jim Rohn. “There are two types of pain you will go through in life, the pain of discipline and the pain of regret. Discipline weighs ounces while regret weighs tonnes.” ―  Jim Rohn I think this quote applies to so many aspects of life from family, physical fitness and definitely to personal finances!!!

The media has been reporting that market indexes are hitting a new high, which can make many people feel that their portfolio is not doing as well as "everyone else's”.   We must be very careful when we let the media dictate our investment strategy.   Based on our experience, when this happens, it is important to keep the following things in mind: 1.) The media's first priority is to make a profit by selling advertising, not to make you a profit by making good investment decisions. 2.) Most people only tell you about how much money they have made in their portfolios, not how much they have lost. 3.) Our fist job as a financial advisor is to understand the level of risk that you can take and to do everything we can to preserve your capital.   Our second job is to help you maximize the growth of your portfolio, given the amount of risk you can afford to take. 4.) The Dow Jones Industrial Index or S&P500 index being at a seven year high means that it has ha...

Feb. 6, 2013 One of the most common misunderstood financial planning concepts that we come across when meeting with new clients is the Individual Retirement Account also more commonly known as an IRA.  The most common misconceptions we find with respect to IRAs typically are: 1.) That an IRA is a type of investment which earns a certain rate of return and 2.) That one can contribute any lump sum they receive into an IRA. An IRA is a type of investment account. It is a form of retirement plan provided by many financial institutions that offers tax advantages for retirement savings in the United States as described in IRS Publication 590,  Individual Retirement Arrangement (IRAs) .  Within this type of account one may invest in many different types of investments or simply hold the contributions in cash.  Second, depending on the type of IRA, as described below, one is limited to a certain amount which they can contribute to an IRA in a year and whi...

January 18, 2013   We recently had a client contact us who wanted to know what she was earning in our money market fund because she had heard that another advisor was claiming significantly higher earnings on what they had to offer. During my over 15 years in the financial advising and investment business I have encountered this kind of reaction from clients several times. My experience and gut told me that if we were truly comparing apples to apples in terms of financial vehicles, earning a return that the competing advisor was claiming was highly unlikely. However, we always give people the benefit of the doubt and I never claim to know everything! I contacted several trusted resources including our broker dealer who had several employees who had recently worked for the competitor who was supposedly offering this higher interest rate. All of the sources confirmed that the competitor did not have such a money market fund that earns what they were claiming and that the produ...

We hope that you had a safe and wonderful holiday season and wish you and your family a HAPPY NEW YEAR in 2013!!! We have been closely following the changes our government is advocating to avert the so called "fiscal cliff" and how it will affect our client's financial plans in the future.  While there are many details still to be hammered out and communicated, here is a summary of what we know now, based on the agreement currently on the table: Congress skidded to a halt with the front tires hanging over the fiscal cliff, with the House last night joining the Senate in passing Taxpayer Relief Act.  Initially, the stock markets have shown gains, however, we believe that this excitement will evaporate, because the buildup does not include raising the debt ceiling or longer-term budget cuts. Republicans and Democrats are hardening their positions ahead of the upcoming battle over the debt ceiling, which the government hit on Monday but which the Taxpayer Relief Act d...

At White House Financial we pride ourselves on being unique and different and hence we were going to attempt to NOT have any commentary on the “Fiscal Cliff”, however, prudence won out and we just wanted to make sure all of our friends and clients knew where we stand on this subject.   So here it is!!   Hot off the presses! For those of you who have been traveling far away from any type of “civilization” t he “F i sc al C li ff ” is a p a c k a g e of s i g ni f i c a n t tax h i k es a n d s p e n d i ng c uts sc h e d u l e d t o t a k e e ff e c t i n 2 0 1 3 . P r i or l e g i s l a t i v e c o m pr o m i s es o v er U . S . f i sc al p o l i c y h a v e s et t he s ta g e f or a u t o m at i c s p e n di n g c uts a n d tax h i k e s .   T he f i sc al c li f f re f e r s t o : 1.)     S un -s et t i n g o f B u sh- e r a t ax rat e s , 2.)  ...