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Bailey Wealth Advisors - Silver Springs, MD

8403 Colesville Rd. Suite 845, Silver Springs, MD 20910

 

Blog

What’s on our mind? You can read about it in our blog. Whether it’s ideas from the investment services world, concepts from the financial industry, or information about important changes, you can read about it here. And once in a while, we may throw in other surprises. So keep checking in. We’re glad to have you reading along.

 

Thursday, September 17, 2020

As the Covid-19 continues to claim lives across this country, I along with many other well-meaning people look for opportunities to see the forest through the trees. It’s part of my nature. It is also part of what I do for...

 

Friday, August 14, 2020

2020 has been an incredibly eventful year in so many ways. As we enter August, it’s important we reflect on the year so far, as well as what lies in front of us. Of course, 2020 will certainly be remembered for the Covid-19...

 

Monday, July 13, 2020

Benjamin Franklin was just one of a few notables associated with the well-known saying, “Nothing is certain but death and taxes.” It was his way to describe the essence of predictability. In many ways this statement still...

 

Monday, June 8, 2020

“Tsunami - A very large wave, often caused by an earthquake, that flows onto the land and can cause widespread deaths and destruction.” Some would say a tsunami is analogous of our present economic, social and pandemic...

 

Thursday, May 7, 2020

Last week was “National Small Business Week” and it joined a growing number of events and activities canceled or postponed due to the onset of the Coronavirus pandemic. In fact, since the Small Business Administration (SBA)...

 

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Wednesday, April 1, 2020

The past few weeks people have rightly felt a range of emotions with the volatility of the current market so it can be hard to stay the course when fear is not leveraged with facts. During times of extreme uncertainty, it is tempting...

 

Wednesday, March 4, 2020

Dr. James Robb, MD FCAP sent me his tips and precautions for the upcoming COVID-19 (coronavirus) pandemic - My team thought it would be beneficial to share this with everyone. Dr. Robb is a recognized expert in biospecimen science with...

 

Friday, February 14, 2020

Dr. Carter G. Woodson According to the Association for the Study of African American Life and History (ASALH), in the Summer of 1915, Dr. Carter G. Woodson traveled from Washington, D.C. to Chicago, Illinois to participate in a...

 

Friday, January 17, 2020

What Does It Mean and How Might It Affect You? Congress recently passed—and the President signed into law—the SECURE Act, landmark legislation that may affect how you plan for retirement. The acronym stands for Setting...

 

Wednesday, January 1, 2020

“The first step towards getting somewhere is to decide you’re not going to stay where you are.” —J.P. Morgan It’s that time of year when resolutions are fashionable. A tradition that has become a natural...

 

Thursday, November 14, 2019

The Magic Word is “CARE” Webster’s Dictionary describes “care” as a noun signifying; “serious attention or consideration applied to doing something correctly or to avoid damage or risk.” As a...

 

Monday, October 21, 2019

January 1951 – October 2019 It is with a heavy heart that I succumb to the news of the untimely death of the Honorable Elijah Cummings, the dedicated, charismatic and beloved democratic Congressmen from the great state of...

 

Wednesday, September 11, 2019

As I pondered the subject of September’s blog, I curiously wanted to focus on something less obvious than Labor Day. Of course, Labor Day would have been easy to pontificate with all the clichés associated with the end of...

 

Thursday, August 15, 2019

August 26 is the day in 1920 when the United States passed the 19th Amendment, which granted women the right to vote. Obviously, a momentous occasion that not only redressed over a century of self-centered and ignorant practices of...

 

Thursday, July 18, 2019

It’s Summertime…and the living is easy. A familiar expression that reminds us of how life is supposed to be once the winter has passed and Spring flowers have bloomed. It’s human nature to paint a picture in our...

 

Friday, June 14, 2019

Nearly a year ago today, I wrote a blog about how the uncertainty of external events played a role in our psyche as well as our pocketbooks. I’m sure I was reflecting on the political environment created by a new White House,...

 

Tuesday, May 14, 2019

John Singleton, the first African-American filmmaker and the youngest person ever to be nominated for a best-director Oscar, died at the early age of 51 on April 29th, after succumbing to a massive stroke. To hear of the untimely death...

 

Wednesday, April 10, 2019

April’s recognition as “National Financial Literary Month” started as early as year 2000 by non-profit organizations like the National Endowment for Financial Education. It was their way of helping youth learn the...

 

Friday, March 1, 2019

Let’s face it, women are the backbone of society. They are often the first to sacrifice for family and most times, the last to reap the benefits of their hard work. They are up early in the morning helping kids and others start...

 

Tuesday, February 12, 2019

In honor of Black History month, it occurred to me that there is no better occasion, no more appropriate task, no clearer challenge than to ponder the question posed by the late Reverend Dr. Martin Luther King Jr. in his book...

 

Tuesday, January 15, 2019

Ever heard of that expression? Yes…No…Maybe? Either way, it surely paints a revealing image. Perhaps it represents a youthful memory of a warm summer day when conventional norms gave way to a more personal expression of...

 

Thursday, December 13, 2018

Considering that nearly 10,000 Baby Boomers turn 65 everyday, it’s no wonder that the start of a new year seems to create a great deal of interest about whether “Boomers” are ready to take on retirement. Think of 65...

 

Thursday, November 1, 2018

In 2017, a Presidential Proclamation so appropriately proclaimed: “Every day, compassionate Americans devote time, energy, and resources to ensure that family members who are disabled, elderly, chronically ill, or injured can...

 

Monday, October 1, 2018

Eric D. Bailey - Bailey Wealth Advisors Narrowing the wealth and achievement gaps Written by: Neil Cote | Produced by: Bill Keaton His professional responsibility may be sustaining generational wealth, but that doesn’t curb Eric...

 

Wednesday, August 1, 2018

"The most common way people give up their power is by thinking they don't have any." Alice Walker – Author, Activist Women's Equality Day is celebrated in the United States on August 26 to commemorate the 1920 adoption of the...

 

Tuesday, July 3, 2018

“Travel is the only thing you buy that makes you richer.”¹ – Unknown If travel for you is less about escaping life and more about living it, then consider these vacation ideas: By Car East Coast of Australia:...

 

Friday, June 1, 2018

Your 2018 Guide to Long-Term Care Insurance In-home care services and nursing homes are costly and aren’t covered by Medicare. Did you know that Medicare typically doesn't cover nursing home stays or in-home health services? And...

 

Thursday, May 3, 2018

Systematic Withdrawals in Retirement Many of us grew up with the concept that making regular, periodic contributions to our retirement account was a sound investment strategy. The idea was that, in a fluctuating market, regularly...

 

Friday, March 16, 2018

In recognition of National Women’s History Month, I thought I’d highlight this remarkably impressive woman. Probably one of the most prolific, influential and consequential individuals in American society during the 20th...

 

Thursday, February 1, 2018

One month out of the year, the United States has deemed February "Black History Month" to honor all that is, black history. During this month, we honor any and everyone who has striven for a change in the black community, those who...

 

Wednesday, December 13, 2017

Philanthropy has long been important to many wealthy and affluent individuals and remains a growing trend in America. According to the Giving USA Foundation, donations amounts are on the rise as giving in the U.S. reached almost $400...

 

Wednesday, November 1, 2017

November is Long-Term Care Awareness Month The month of November is officially designated as the National Long-Term Care Awareness Month, to help spread awareness for the type of care needed by individuals who have a chronic illness or...

 

Tuesday, October 17, 2017

Did you know... Historically, many people don't think about taxes until they're facing the April 15th deadline. But by then, it's too late to do any productive planning. One of the best ways to save on income taxes is to max out your...

 

Wednesday, August 23, 2017

August 14, 2017 WASHINGTON (Reuters) – The White House plans to release a brief document in early- to mid-September outlining a framework for overhauling the U.S. tax code, according to three sources familiar with the matter. In...

 

Saturday, July 22, 2017

CNBC's Kate Rogers takes a look at the top issues for small businesses in the CNBC Small Business Survey, with 25 percent of owners saying they consider taxes most critical.

 

Friday, July 21, 2017

Over the years, I have witnessed a lot in the financial markets. The world has seen the painful declines of the Great Recession and more recently, one of the most dramatic and sustained recoveries in market history. All along, there...

 

Wednesday, June 14, 2017

It is pretty well accepted that we all need a physical checkup at least once a year. Of course, If you have preexisting conditions, your doctor may want to see you more often. Why? Because our health is never stagnant. Our body is a...

 

Monday, May 1, 2017

This week is National Small Business Week. April 30- May 6, 2017 Since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, which recognizes the critical contributions of...

 

Thursday, April 13, 2017

Planning a strong and reliable financial future is complicated for anyone. A broad knowledge of everything from complex investment products to elaborate tax laws is required. It is even more complicated for families and business owners...

 

Tuesday, February 14, 2017

Literacy To Legacy is not an "alternative fact". It's a real correlation between your financial understandings and your ability to sustain wealth.

 

Friday, January 27, 2017

4th Qtr 2016 Client Letter CBS News recently dubbed 2016 as “The Year of Surprises” , but was that really the case? A 5% decline in the S&P 500 occurs, on average, about every five months.

 

Tuesday, January 10, 2017

With the end of a year comes the perfect time to reflect, tweak, and improve in the New Year. As we embark on 2017 and you begin to carry out some of your New Year's resolutions, let us remind you not to forget about your...

 

Friday, September 30, 2016

THE TRUTH ABOUT AGING STINGS....(but it doesn't have too.) The growth, integration and protection of your financial assets are the key objectives for most Americans. Essential to your asset protection plan is the consideration of the...

 

Friday, July 1, 2016

After weeks of speculation and debate over the so-called “Brexit”, British citizens voted to withdraw from the European Union. As is often the case when it comes to an ominous headline, media outlets are abuzz with...

 

Friday, June 10, 2016

On Tuesday, June 7, 2016, It was the “Round 2” segment of The Carl Nelson Show (19:48 start), Washington DC’s renown news and public affairs broadcast, that Eric Bailey, Bailey Wealth Advisors Founder and Certified...

 

Friday, March 18, 2016

The recent changes to Social Security due to the Bipartisan Act of 2015, in combination with a shrinking SSA workforce and an increasing filing demand to meet the 4/30/16 deadline have resulted in confusion for some clients when filing.

 

Tuesday, February 9, 2016

Giving your Roth or RMD Charitable planning and philanthropy can play a key role in reducing your tax burden

 

Monday, January 11, 2016

So far, 2016 has experienced a volatile start. The weakness in the Chinese markets has returned. Oil and other commodities have continued to weaken. Other challenges remain. The Fed has not made clear its intentions as to the number...

 

Wednesday, December 23, 2015

Congress has once again extended the “extenders,” a varied assortment of more than 50 individual and business tax deductions, tax credits, and other tax-saving laws which have been on the books for years

 

Monday, November 23, 2015

2015 Tax planning Year-end tax planning is especially challenging this year because Congress has yet to act on a host of tax breaks that expired at the end of 2014. Some of these tax breaks may be retroactively reinstated and extended....

 

Tuesday, November 3, 2015

November 3, 2015 The budget deal (The Bipartisan Budget Act of 2015, the “Act”) negotiated between Congress and President Obama, which became effective November 2, 2015, raises the U.S. debt limit and among other provisions...

 

Thursday, October 15, 2015

Law Does Not Provide for a Social Security Cost-of-Living Adjustment for 2016 With consumer prices down over the past year, monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 65 million Americans will...