Teaching Kids Good Money Habits in an Affluent Community
April is Financial Literacy Month, a time to focus on understanding money matters such as saving, investing, budgeting, income, interest rates, and spending habits. Despite being the wealthiest nation globally, the United States ranks 14th in financial literacy. Only 57% of American adults possess financial literacy, costing them an average of $1,819 annually due to [...]
Mastering Your Legacy: The Importance of Personal Estate Planning
Ensuring your personal estate planning documents are meticulously organized and up to date is a critical component of responsible financial planning. Beyond the practicality of asset distribution, these documents play a pivotal role in alleviating stress and uncertainty for your loved ones during what can be a very challenging time. By proactively addressing key aspects of [...]
Pet Insurance: Why It Might Be Worth Considering
A recent pet emergency that cost Tanya $9,000 caused us to revisit the topic of pet insurance. As devoted companions, pets bring immeasurable joy and love into our lives. Ensuring their well-being involves not only affectionate care but also thoughtful consideration of their health needs. The average annual cost of dog ownership is $1,270 to $2,800 [...]
State of the Firm
2023 has been another successful year for Redwood Grove Wealth Management (RGWM). As the new year begins, we’d like to extend our gratitude to our clients, family, and friends for their ongoing trust and support. We consider ourselves fortunate to engage in fulfilling work with clients who are a pleasure to work with. Wrapping up [...]
Redwood Grove Wealth Management LLC (RGWM) Recertified as a B Corp
RGWM is pleased to announce that it recently passed recertification as a B Corp. The firm first became a B Corp in 2019 and is subject to recertification every three years. Our score improved from 81.9 in 2019 to 105.9. RGWM’s score was achieved by answering 186 questions related to Governance, Community, Workers, Environment and [...]
Seizing the Open Enrollment Opportunity
Fall is open enrollment time at most companies. Employees are confronted with many choices that hold sway over their health, finances, and overall well-being. This time allows employees to assess new benefit options while considering whether their current selections align with their evolving life circumstances. Since employees typically have only one chance a year to [...]
Cybersecurity Awareness Month: A Deep Dive into Phishing Scams
Cybersecurity Awareness Month, observed every October, was created as a collaborative effort between the government and businesses to ensure that every American has the resources they need to stay safer and more secure online. […]
Mastering The Basics of Home Basis for Taxes
Navigating the complex realm of taxes as a homeowner involves grasping the concept of “basis.” Like wielding a valuable tool, understanding basis holds the key to understanding home real estate taxation. […]