Things To Think About

Monday, December 23, 2019: Happy Holidays

As this year comes to an end, we'd like to send wishes to you and yours for a joyous Holiday Season and a Happy New Year.

However you choose to spend these holidays, it is our wish that your hearts be filled with fond memories for many years to come.
And as always, we'd like to express how much we've enjoyed working with you this past year. We look forward to the opportunities we'll have to work together in the New Year at our respective new firms.

Holiday Hours:

In Observance of Christmas:

Tuesday, December 24 - Closing at 3:00 pm

Wednesday, December 25 - Closed all day

The US stock markets will close early on Tuesday, December 24, at 1:00 PM EST,

and will be closed all day on Wednesday, December 25, 2019.

We will return to normal business hours on Thursday, December 26, 2019.


 In Observance of the New Year:

Tuesday, December 31, 2019 - Closing at 3:00 pm

Wednesday, January 1, 2020 - Closed all day

The US stock markets will be closed all day on Wednesday, January 1, 2020.


Tuesday, December 10, 2019: How Student Loans Impact Your Credit
What happens with your student loans now that they've entered repayment status will have a significant impact - positive or negative - on your credit history and credit score. Your credit report contains information about any credit you have, including credit cards, car loans, and student loans.

Monday, November 25, 2019: Happy Thanksgiving!

This Thanksgiving, please join with us in looking back on our good fortune, not just this year, but in all the years stretching back to the beginning of history. Join us in giving thanks that we have each other to build a world that makes almost every year better than the year before.
On behalf of everyone at WHP Financial, we wish you a Happy Thanksgiving!
WHP Thanksgiving Holiday Schedule
Closed on Thursday and Friday, November 28-29, 2019.
We will return to normal business hours on Monday, December 2, 2019.
The US stock markets will also be closed on Thursday, November 28, and will close early on
Friday, November 29, at 1:00 PM EST. (Bond markets will close at 2:00 pm. EST)


Tuesday, November 19, 2019How to Protect Your Small Business from Cyber Threats

Risk management is a key component in any successful business plan. In today's world — where data breaches are common occurrences — it's especially important for business owners to understand the digital risks they face. Are you doing all you can to mitigate the risk of a cyberattack?

Tuesday, November 12, 2019Five Questions About Long-Term Care

Long-term care refers to the ongoing services and support needed by people who have chronic health conditions or disabilities. Understandably, many people put off planning for long-term care. But although it's hard to face the fact that health problems may someday result in a loss of independence, if you begin planning now, you'll have more options open to you in the future.

Tuesday, October 29, 2019How to Protect Yourself Against Identity Theft

Massive computer hacks and data breaches are now common occurrences— an unfortunate consequence of living in a digital world. Once identity thieves have your information, they can use it to gain access to your bank and credit card accounts, make unauthorized transactions in your name, and subsequently ruin your credit. Now more than ever, it's important to safeguard yourself against identity theft. Here are some steps you can take to protect your personal and financial information.

Tuesday, October 15, 2019Medicare- 6 Biggest Enrollment Mistakes

The Medicare Open Enrollment Period (October 15 through December 7 each year) is the time during which Medicare users can choose to re-evaluate part of their Medicare coverage (their Medicare Advantage and/or Part D plan) and compare it against all the other plans on the market.
The open enrollment period is the opportunity for individuals to switch Medicare health and prescription drug plans to better suit their needs. Please read the enclosed article to discover 6 of the biggest enrollment mistakes, and where to get additional information.

Tuesday, October 8, 2019ABC's of Financial Advisor Tips

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you. And each comes with a price tag attached. That's where financial planning comes in. Financial planning is a process that can help you reach your goals by evaluating your whole financial picture, then outlining strategies that are tailored to your individual needs and available resources. The enclosed article will further help you understand how to work successfully with your financial planner.



Monday, September 30, 2019ABC's of Financial Aid


For the 2020/2021 academic year (July 1, 2020 through June 30, 2021), families will be able to file the Free Application for Federal Student Aid, or FAFSA, on October 1, 2019. Keep in mind that since some financial aid is distributed on a first-come, first-served basis; you should submit a FAFSA form as early as possible after October 1, 2019 to maximize your potential aid.
Everyone applying for financial aid should know the ABC's of Financial Aid, including the student. After all, that student may be paying the loan(s) back many years into adulthood; they should understand them. For more information, please visit the Federal Student Aid website.

Tuesday, September 10, 2019Designing a Benfit Package for Your Small Business

If you're a small business owner, you face many challenges in growing your company. One of them is recruiting and retaining the best talent for your needs. When your primary goals are managing costs and increasing revenue, how do you sufficiently entice new recruits and reward current staff members for continually putting their best efforts forward? One way is ensuring that you provide a competitive, cost-effective benefit package comprised of both traditional and not-so-traditional benefits.
Monday, September 2, 2019Celebration of the Common Worker 
WHP Labor Day Holiday Closure
Monday, September 2, 2019 - Closed all day
We will return to normal business hours on Tuesday, September 3, 2019.
The US stock markets will also be closed on Monday, September 2, 2019
Labor Day! Most of us consider the upcoming three-day weekend as the perfect excuse to get out of town or relax in the hammock. It has been known by many different names, but Labor Day is really a celebration of the labor movement.  
We want to take this opportunity to celebrate the common worker with you by expressing our appreciation for the hard work and dedication you give to your family, your community, and this great nation. Happy Labor Day!

Tuesday, August 20, 2019Understanding Your Paycheck 

Did you or someone that you know just land their first job? Do they understand their paycheck? What does the information on the pay stub mean? It's exciting to earn your first paycheck but you should know that the information on the pay stub or online statement could be important to you as well. Here are some important things to be aware of!
Friday, August 16, 2019The Inverted Yield Curve
Another day, another drop in the markets.
This time, the culprit is the dreaded inverted yield curve. With the yield on 10-year Treasury bonds dipping below that of 2-year bonds, the markets responded the way children do when a hornet gets inside the family car -- they panicked. The Dow, the S&P 500, and the NASDAQ all fell sharply, with the Dow plunging roughly 800 points. 
The obvious question, of course, is "Why?"
It's a smart question! To the average investor, the term "inverted yield curve" probably doesn't sound very scary. So, why does it have the markets freaking out?

Let's break it down by answering a few basic - but also smart - questions. 

Wednesday, August 7, 2019Trade War Q&A 

China has introduced a new weapon to use in the trade war with the United States. That weapon? Its own currency.
On Thursday, August 1, President Trump proposed a new slate of tariffs on Chinese goods. In response, the Chinese central bank devalued its currency – the yuan – to more than seven to the dollar. Even though the Chinese central bank reversed course the next day, it's helpful to understand what happened.
For most people, who only think about currency when it's in their wallet, this probably all seems bewildering. Why would China want to weaken its own currency? Why would the markets care? And what does this all have to do with tariffs, anyway?
We've always known the trade war could last a long time. To date, the markets have weathered the storm. They may still do so now. But even if they don't, we won't be unprepared.
You have questions, we have answers. Let's do a quick Q&A on what's going on with the trade war, why it all matters, and what we should do now.

Tuesday, August 6, 20194 Tips for Planning a Career Change 

Changing careers can be rewarding for many reasons, but career transitions don't always go smoothly. Your career shift may take longer than expected, or you may find yourself temporarily out of work if you need to go back to school or can't immediately find a job. Consider these four tips to help make the financial impact of the transition easier.

Tuesday, July 23, 2019: 6 Savvy Questions About Social Security 

With the baby boom generation entering retirement, there's a lot of demand for good Social Security information. Social Security is more complicated than most people think. Here are six of the most common questions that come up on Social Security. These six questions address some of the most common sources of confusion around Social Security: When to apply, how to undo bad claiming decisions, how work affects benefits, and options for divorcees and survivors.

Thursday, July 4, 2019: WHP Independence Day Holiday Closure 

Wednesday, July 3, 2019 - Closing at 3:00 pm
Thursday, July 4, 2019 - Closed all day
We will return to normal business hours on Friday, July 5, 2019.
The US stock markets will also be closed on Thursday, July 4, 2019, and will close early on Wednesday,
July 3, 2019 at 1:00 PM EST. (Bond markets will close at 2:00 pm. EST)


Birthdays are a time for giving gifts. On our nation's birthday, we thought it appropriate to look into perhaps the most recognizable gift our country has ever received, the Statue of Liberty. Lady Liberty is one of the world's most recognizable symbols of freedom.
As you enjoy this Independence Day, we encourage you to remember the freedoms and independence our great nation provides. On behalf of everyone here at WHP Financial, we wish you and yours a happy Fourth of July!


Monday, June 17, 2019Test Your Knowledge of Financial Basics 

How well do you understand personal finance? The following brief QUIZ can help you gauge your knowledge of a few basics. In the answer section, you'll find details to help you learn more.

Monday, May 27, 2019: Remembering Moments- Memorial Day Holiday Closure

Monday, May 27, 2019 - Closed all day
We will return to normal business hours on Tuesday, May 28, 2019.
The US stock markets will also be closed on Monday, May 27, 2019
Memorial Day is a day for remembering those who gave their lives so that others might live. And since this Memorial Day coincides with the 75th anniversary of Normandy, we think it's an especially good opportunity to remember the men who weren't able to tell their stories afterwards, like the soldiers of Able Company.
Please take a moment and read about what the soldiers of Able Company experienced. We hope you can take a moment to remember them, too.

Tuesday, May 14, 2019: Financial Basics

With age comes responsibility, so if you're a young adult in your 20s or 30s, chances are you've been introduced to the realities of adulthood. Fortunately, good money management skills can make it easier for you to accomplish your personal goals. Become familiar with the Basics of Planning now, and your future self will thank you for being responsible.

Wednesday, May 8, 2019: Hidden Gem: HSAs in Retiremnet

When saving for retirement, you're probably aware of the benefits of using tax-preferred accounts such as 401K(s) and IRAs. But you may not be aware of another type of tax-preferred account that may prove very useful, not only during your working years but also in retirement: the health savings account (HSA). An HSA can be a powerful savings tool, learn more about the Benefits of HSAs.

Friday, April 19, 2019: Good Friday Holiday Closure

Lilies, colorful eggs, bunnies, and chicks all conjure up the Easter holiday. Little children look forward to the Easter Bunny coming to fill their basket with goodies. A new dress, a new pair of shoes, well-groomed hair, and off the family goes to church while children's thoughts are of the chocolate waiting to jump into their mouths upon their return.
Do you know what other countries do to celebrate Easter? There are some very different and interesting traditions, past and present, which other countries use to celebrate this holiday. Here is a short QUIZ to see what you know about traditions around the world. The answers are included, so have some fun!
WHP Good Friday Holiday Closure
Friday, April 19, 2019 - Closed all day
We will return to normal business hours on Monday, April 22, 2019.
The US stock markets will also be closed on Friday, April 19, 2019.

Wednesday, April 3, 2019:Tax Scams

While tax scams are especially prevalent during tax season, they can take place any time during the year. As a result, it's in your best interest to always be vigilant so you don't end up becoming the victim of a fraudulent tax scheme.
Here are some of the more common scams to watch out for.






Tuesday, February 26, 2019529 Plans and Financial Aid Eligibility













February is Financial Aid Awareness Month! The financial aid process is all about assessing what a family can afford to pay for college and trying to fill the gap, and it's important to know how your 529 account will affect the amount of the financial aid award. Read the attached article for more details on 529 plans and the financial aid process.
Give us a call to talk about it. As always, we are more than happy to speak with your family and friends that are curious about this or other financial planning topics. There is never any obligation in doing so. We look forward to hearing from you!

Monday, February 18, 2019: Closed to Honor Presidents' Day

Presidents' Day is here again. Most people know the story of George Washington chopping down the cherry tree; how Abraham Lincoln, to a suggestion by a little girl, grew his beard; and how Theodore Roosevelt inspired the "Teddy Bear." What lesser known stories exist about other Presidents? The question is intriguing.
Here is QUIZ for you... but don't worry! We give you the answers as well. Here's a hint, these presidents served between 1817 and 1897. Enjoy our quiz and remember we have had many great Presidents!

WHP Presidents' Day Holiday Schedule

Monday, February 18, 2019 - Closed all day
We will return to normal business hours on Tuesday, February 19, 2019.
The US stock markets will also be closed on Monday, February 18, 2019.

Monday, January 21, 2019: Closed to Honor Martin Luther King Jr.

This month we celebrate Martin Luther King, Jr. Day, the anniversary of the great Civil Rights leader's birth. It is a chance to commemorate the life and work of one of the most influential, eloquent, and courageous leaders of all time. King understood that things like freedom, liberty, and equality don't come from passively waiting. They must be actively worked for. This month, we have an opportunity to remember, to recognize, to honor Dr. King. We wish you all a happy and safe holiday.
WHP Martin Luther King, Jr. Day Holiday Schedule:
Monday, January 21, 2019 – Closed all day
We will return to normal business hours on Tuesday, January 22, 2019.
The US stock markets will also be closed on Monday, January 21, 2019.


Saturday, December 22, 2018: Market Flu 2018

Okay, let's all take a deep breath.
It's been a rough fourth quarter for the markets. It seems like week after week, the major indexes - like the Dow and S&P 500 - get hammered by volatility. These days, just about every news website you can find is packed with breathless headlines about plummeting stocks, photos of nervous-looking traders, and editorials about a possible bear market in 2019.
Frankly, it's true. One major index is brushing up against a bear already, and it's possible volatility will continue for the foreseeable future. But does that mean we should panic?
Okay, take another deep breath. Market volatility is unpleasant, and here at WHP Financial, we certainly take it seriously. But panic? Never. Let's break this down objectively by discussing Five Things to Know about Market Volatility.


Friday, December 21, 2018: Happy Holidays!

Have you ever noticed how the holidays are like a story? They begin with Halloween, where we examine, embrace, and enjoy our fears. We follow our fears with Thanksgiving, where we look at all the bounty we have. This in turn becomes Christmas, where we give of ourselves to others and brighten their lives as much as we can. And it all ends by celebrating a new beginning: the new year, where we look forward to doing it all again! We end the year and begin the new one with a sense of hope and a commitment to improve ourselves.
So, we wanted to share with you this sentiment: we hope this upcoming year is even better than the last, and we hope we can help make it that way for you! We wish you and your loved ones a very happy and safe holiday season!

Holiday Hours:  

In Observance of the New Year:
Monday, December 31, 2018 – Closing at 3:00 pm
Tuesday, January 1, 2019 - Closed all day
The US stock markets will be closed all day on Tuesday, January 1, 2019.
We will return to normal business hours on Wednesday, January 2, 2019.
Tuesday, December 11, 2018: Teaching Your College-Age Child about Money
When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your kindergartner has grown up, it's time for you to make sure that your child has enough financial knowledge to manage money at college. Is your child prepared?
Monday, November 26, 2018: Long-Term Care Insurance: How Does it Work?
According to the Department of Health and Human Services, there is a 70% chance that someone 65 or older will need long term care services at some point. Long-term care insurance (LTCI) provides options by paying for the care when you need it as well as where you would like to receive it.
Whether you've had a long-term care insurance (LTCI) policy for years or you're thinking of buying one, it's critical to understand exactly what set of conditions will trigger coverage. This information is the bread and butter of any LTCI policy. In addition, you should know how to file a claim, preferably before you're on the verge of needing care. Learn more about how these policies work.

 Monday, November 19, 2018: Thanking You

We at WHP Financial wish to take this opportunity to thank all the families, individuals, and small business owners who have partnered with us over the years to create a plan for their financial future. We are honored by your trust and confidence.
From our family to yours, we wish you all a happy and safe Thanksgiving.
WHP Thanksgiving Holiday Schedule:
Wednesday, November 21, 2018 – Closing at 3:00 pm
Thursday and Friday, November 22-23 - Closed all day
We will return to normal business hours on Monday, November 26, 2018.
The US stock markets will also be closed on Thursday, November 22, and will close early on Friday, November 23, at 1:00 PM EST. (Bond markets will close at 2:00 pm. EST) 

Saturday November 10, 2018: A Soldier's Pledge - Veterans Day

Every Veterans Day, we as a nation stop to think about the courage and sacrifice shown by the men and women who have served our country. Take a further look into a soldier's story, pledge, and sacrifices in an excerpt from President Ronald Reagan's First Inaugural Address. We truly honor all who have served and would like to say thank you and wish you a happy Veterans Day!

Tuesday, September 25, 2018: If Death Does You Part: Key Employee Protection

You've got a great group working for you now, and business is good. You know that much of that success is due to a few key people with both skills and personalities that are hard to match. Suppose they were injured and out of work for a while, or suppose they died? Would your business survive?  Key employee life and disability insurance coverage can help make sure that it does. 
WHP Financial can help you evaluate whether your business is adequately protected from the sudden loss of a key employee and we can offer solutions for life, health and disability coverage of those important employees. We welcome your call or email.
Tuesday, September 18, 2018: Overcoming the Odds: The Stephen Hawking Story
For most people, Stephen Hawking is the only modern day physicist they can name. He is well-known as the scientist in the wheelchair with the iconic, computerized voice. He is the man who wrote A Brief History of Time, a bestseller that introduced millions to comcepts like spacetime, black holes, and quantum mechanics.
But Stephen Hawking wasn't born needing a wheelchair, nor was he always a world-renowned mind. To become the latter, he had to learn to live with the former, and it's that aspect of his life - his own personal journey - that we find particularly inspiring.

Tuesday, September 11, 2018: A Hero Of The Tower

It's been 17 years since the September 11 attacks. While none of us will ever forget the horror we felt that day, we think there's another emotion that's even stronger: inspiration. If you were to collect every instance of heroism and bravery displayed that day, and read just one per year, you'd still be reading long after you were old and gray.  
For example, take the story of Rick Rescorla, the sixty-two year-old Vietnam veteran who saved over two thousand people from the World Trade Center. While Rescorla did not survive the towers' collapse, it is not accurate to say he lost his life on that September morning. 
More accurate is to say that he gave it.

Tuesday, September 4, 2018: Important Things To Consider When Buying Life Insurance

Happy National Life Insurance Awareness Month! What is life insurance and who should have it? Life insurance pays out a sum of money to chosen recipients, called beneficiaries, after the person covered with the insurance has passed away. This provides the beneficiaries with financial protection.
People use life insurance to solve a basic problem – one that's not a whole lot of fun to consider. What happens to your loved ones if you die, especially if that takes place sooner than you had hoped? This article from Guardian® discusses a few common questions about life insurance.


Friday, August 31, 2018: Those Who Forged Ahead, Despite the Odds

Happy Labor Day! As you know, the history of Labor Day is filled with the stories and sacrifices of hundreds of thousands of laborers throughout our country's history. We have always considered the holiday to be a chance to reflect on how far we've come in regards to creating a system where people have the legal right to fair wages, fair working conditions, and equal opportunities.
In the 19th and early 20th centuries, many women found it hard to find jobs except in factories and manufacturing plants. These women were often forced to work long hours for little pay in extremely dangerous working conditions. Fortunately, progress has been achieved thanks to the efforts of countless brave women. Here are just a few who led the charge.


Tuesday, August 28, 2018: You Can File Your 2019/2020 FAFSA Soon!

For the 2019/2020 academic year (July 1, 2019 through June 30, 2020), families will be able to file the Free Application for Federal Student Aid, or FAFSA, as early as October 1, 2018. This will allow you more time to gather financial information and make more informed decisions about which college would be best for your student.
Also, don't forget that the income information for your 2019/2020 FAFSA should be taken from your 2017 federal tax returns. For more information, please visit 


Tuesday, August 14, 2018: Half of Americans Fail This Quiz on Social Security Retirement Benefits

If you can't pass a simple five-question quiz on Social Security retirement benefits, you're not alone.
Almost half of adults ages 50 and above - 47 percent - failed the quiz that mutual life insurance company MassMutual recently sent out in an online survey.
Aspiring retirees can take some comfort in the fact that those results are actually an improvement from a similar survey conducted three years ago. That 10-question quiz resulted in a failure rate for 72 percent of the general population and a 62 percent defeat for those ages 50 and up.
Check out this article to find out what topics stumped the quiz takers, and to take the quiz for yourself!

Tuesday, August 7, 2018: It's Not Easy To Be A Pioneer

There's a good chance you've never heard of Elizabeth Blackwell before, but she holds a prominent place in history as the first woman to ever receive a medical degree in the United States.
Blackwell was born in England in 1821. From an early age, her parents encouraged her to read and learn as much as she could. As a result, she developed strong opinions about many of the pressing issues of the day.
She also sought to educate other young women just as she had been, founding The Cincinnati English and French Academy for Young Ladies. Her family had moved to America by this time, and by the time she was in her thirties, she began to take a keen interest in politics, especially women's rights.
But above all, Blackwell wanted to study medicine.

Tuesday, July 24, 2018: The Importance of Setting Investment Goals

Age, income, and attitudes about risk all need to be taken into consideration when determining which investments may be right for you. This article outlines some of the issues that you should consider in determining how to best pursue your financial goals.


Tuesday, July 17, 2018: Shooting for the Stars Isn't Easy

Personally, we enjoy reading about the men and women of history who did great things despite the enormous barriers they faced. We find it gives us the inspiration we need to work toward our own goals.  So for the next few months, we want to share with you a series of letters all centered on overcoming the odds. Last month's letter centered on Frederick Douglass. This month is about George Lucas.
“Wait a minute,” you're probably saying. “George Lucas? The guy who made Star Wars? That George Lucas?”

Tuesday, July 3, 2018: Rivals and Friends (And WHP Independence Day Hours)

In observance of  Independence Day, WHP Financial will be closing at 3:00 pm on Tuesday, July 3, 2018 and closed all day on Wednesday, July 4, 2018. U.S. stock markets will also be closed that day.  We will return to normal business hours on Thursday, July 5, 2018. For a comprehensive look on how Pershing's business operations will be affected, please view Pershing's 2018 Independence Day Schedule.
We've recently been thinking about all the things there are to enjoy about our national holiday.  The celebration itself is great - it's a time for fireworks and baseball, barbecues and patriotic music.That's exactly what John Adams, one of the signers of the Declaration of Independence, predicted when he said:
"I am apt to believe that [Independence Day] will be celebrated by succeeding generations as the great American Festival.  It ought to be commemorated as the day of deliverance by solemn acts of devotion to God Almighty.  It ought to be solemnized with pomp, shows, games, sports...bells, bonfires and illuminations, from one end of the continent to the other, from this time forever forward."  - John Adams

But we think what we enjoy most about the holiday is that, for one day out of the year, we all truly come together as Americans.  On the Fourth of July, there are no longer any Democrats or Republicans, liberals or conservatives.  No race, religion, or region matter any more than another.  Our opinions and philosophies can wait until the 5th.  As the glint of fireworks reflects in our eyes, as we gaze at the Stars and Stripes waving in the wind, as we listen to the strains of The Star-Spangled Banner, the only thing that matters is that we are Americans ... and that we are all created equal. 
There's a wonderful story from our country's history we feel everyone should know about John Adams and Thomas Jefferson.  As these two men spent their final hours, it's all but certain that their thoughts were on two things.  The first was that the anniversary of their famous signing was but a day away.  
The second was on each other.  


Tuesday, June 19, 2018: The Slave Who Became A Statesman

No matter who you are or where you come from, you have goals in life. Things you want to do. The type of person you want to become. It's a common link between all men and women who have ever lived or ever will live. Inside each of us is a restless soul who wants to do more than they have, or be more than they are. But no matter who you are or where you come from, there will come a time when you encounter obstacles to your goals. There will be times when the odds are stacked against you.
Fortunately, for those times we have heroes and legends to turn to.

Personally, we enjoy reading about the men and women of history who did great things despite the enormous barriers they faced. We find it gives us the inspiration we need to work toward our own goals in life. So for the next few months, we want to share with you a series of letters all centered on overcoming the odds. This month is about Frederick Douglass, who became one of the great orators, writers, and statesmen of American history. 
We use the word "became" for a reason.


Tuesday, June 12, 2018: The Third Law of Finance

Over the last two months, we've discussed something called Newton's Laws of Finance.  They're our spin on Sir Isaac Newton's famous “Laws of Motion” that you probably learned about in school. This month, let's look at the third and final law. The original is probably the easiest for non-scientists to remember:
For every action, there is an equal and opposite reaction. 
This law is easy to understand.  Imagine shooting a cannonball.  The ball will fly in one direction, while the cannon will roll backwards in the opposite direction.  The same principle applies when firing a gun.  The “kick” you feel is just Newton's third law saying hello. So how do we apply this to finance? Like this:
For every financial action, there is an opposite reaction.
Or, to put it another way: for every financial decision you make, there is the potential for an unintended consequence. 

Tuesday, June 5, 2018: Don't Forget! You Might Need To Complete Your 5500 Filing Soon

Be sure to check with your Third-Party Administrator (TPA) to see if your Form 5500 filing is due.  Plan sponsors must generally file the return on the last day of the seventh month after their plan year ends. Therefore, if your company retirement plan is based on the calendar year, your filing is due on July 31st.  However, if your plan is not based on the calendar year, you may have a different file-by date.  For more information, please contact your TPA.


Friday, May 25, 2018: A Note of Daring, Hope and Will 

In observance of Memorial Day, WHP Financial will be closed on Monday, May 28, 2018. U.S. stock markets will also be closed that day.  We will return to normal business hours on Tuesday, May 29, 2018.  
On this Memorial Day, as we pause to remember those who have passed on, perhaps the first people who cross our minds are those who perished saving so many on September 11, 2001. We also, of course, pay homage to many others who went before. It is because of their "last full measure of devotion" that our great nation has not perished, and will not perish, from the earth. Perhaps the most eloquent expression of our grief and our determination was spoken in 1884 by Oliver Wendell Holmes, great philosopher, great Chief Justice, great patriot.
He spoke in remembrance of comrades killed in the Civil War, but his expression still burns true today. If you wish to read the entire speech, we have noted its source at the end of this letter. Perhaps take a moment before the customary Memorial Day dinner, picnic or barbecue and read this stirring passage to your family.

Tuesday, May 8, 2018: The Second Law of Finance

Last month, we introduced Newton's Laws of Finance, our spin on Newton's famous “Laws of Motion”. This month, we look at Newton's Second Law. Here's how a textbook might describe the original:
The acceleration of an object as produced by a net force is directly proportional
to the magnitude of the net force, in the same direction as the net force,
and inversely proportional to the mass of the object. 
Yuck.  While that's probably as simple as 1+1 for someone with a physics background, it's not exactly easy to remember, is it?  That's why most of us use this handy little equation:
F=ma, or force equals mass times acceleration.
Basically, the greater the mass of an object, the greater the amount of force needed to accelerate the object.  If you hit a baseball with a bat, the ball will go flying.  But if you hit a car with the same bat, the car won't move at all.  You need a much greater force to cause the car to accelerate. This law is a little tricky to apply to finance, but here's our version:
Retirement potential equals amount of savings & investing times
length of saving & investing.
To find out what that means and how it relates to your personal retirement dreams, click here!

Thursday, April 26, 2018: New Medicare Cards Are Coming

If you receive Medicare, you will be getting a new Medicare card in the mail. To help prevent fraud and fight identity theft, Medicare is removing Social Security Numbers from Medicare cards. Your new card will have a new Medicare Number that's unique to you.
Medicare will be mailing new red, white, and blue paper cards between April 2018 and April 2019. Card mailings will be staggered, so the timing will depend on your geographical location. Newly eligible people will begin receiving the new cards starting in April. This article has a table from the Centers for Medicare & Medicaid Services that shows when Medicare will be mailing by state, as well as some tips for using your new card. You can also check the status of card mailings in your area on

Tuesday, April 24, 2018: IRS Offers Tips For Teenage Taxpayers With Summer Jobs

Students and teenagers often get summer jobs, which is a great way to earn extra spending money or to save for later. Check out these tax tips from the IRS for taxpayers with a summer job, and visit for more about the tax rules for students.


Tuesday, April 17, 2018: All About Credit Scores

It's difficult to imagine functioning in today's world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access  to credit goes hand in hand with having a good credit score, so it's important to know how to maintain a positive credit score and credit history. Find out more about how your credit score is determined, what factors can negatively impact your credit score, how to fix credit report errors, and how student loans affect your credit score.

Tuesday, April 3, 2018: The First Law of Finance

When you were in school, you probably learned about Newton's Three Laws of Motion.  First published by Sir Isaac Newton in 1687, these laws explain how physical objects move.  They are so important—and easy to understand—that most of us still remember them even decades later. We were thinking about these laws the other day when we came upon a realization: each of these laws can also be applied to finance, in what we call:
Newton's Laws of Finance
Let's look at Newton's First Law.  Here's how we all remember the original:
An object at rest tends to stay at rest, and an object in motion tends to stay in motion, unless acted on by an outside force. 
Here's our version:
         A financial plan at rest tends to stay at rest, while a financial plan in motion tends to stay in motion, unless acted on by an outside force. 
What exactly do we mean? Find out here.


Thursday, March 28, 2018: The Best Thing To Do Easter Weekend - Also, We Are Closed Friday

We all celebrate holidays in different ways. Easter's all about spring, rebirth, resurrection of life, and every other good thing that comes along with it. Whether you celebrate Easter or not, it's always fun to learn how others celebrate life. Many will camp, hike, fish, golf, or just take a nice walk outdoors. Here are a few other ways that some celebrate Easter around the world.
As for us, WHP Financial will be closed on Friday, March 29, 2018. U.S. Stock markets will also be closed that day. We will return to normal business hours on Monday, April 2, 2018. For a comprehensive look at how Pershing's business operations will be affected, please view Pershing's Good Friday Schedule.  


Tuesday, March 20, 2018: Tax-Free Withdrawals. No Age Limits.

What investment vehicle has tax-free withdrawals and no age limits on contributions, you ask?  Well, it's our (getting) old friend, the Roth IRA. This infographic provides a great overview of the benefits of a Roth and a brief history of its development. Interesting stuff, right?

Tuesday, March 6, 2018: 2018 Contribution Limits for Employer-Sponsored Retirement Plans

Curious about how much can be contributed to your employer-sponsored retirement plan for the 2018 tax year? American Funds has created a summary of annual contribution limits for 401(k), 403(b), SEP, SIMPLE, money purchase and profit-sharing retirement plans. Certain limits may vary; check with your employer or third-party administrator for the specifics of your plan. 

Tuesday, February 27, 2018: SCAM ALERT: IRS Urges Taxpayers to Watch Out for Erroneous Refunds; Beware of Fake Calls

The Internal Revenue Service warned taxpayers of a quickly growing scam involving erroneous tax refunds being deposited into their bank accounts. The IRS also offered a step-by-step explanation for how to return the funds and avoid being scammed.
Following up on a Security Summit alert issued Feb. 2, the IRS issued this additional warning about the new scheme after discovering more tax practitioners' computer files have been breached. In addition, the number of potential taxpayer victims jumped from a few hundred to several thousand in just days. The IRS Criminal Investigation division continues its investigation into the scope and breadth of this scheme.
These criminals have a new twist on an old scam. After stealing client data from tax professionals and filing fraudulent tax returns, these criminals use the taxpayers' real bank accounts for the deposit.
Thieves are then using various tactics to reclaim the refund from the taxpayers, and their versions of the scam may continue to evolve. Check out the tax alert from to learn about the different versions of the scam and the official ways to return an erroneous refund to the IRS.

Tuesday, February 20, 2018: Paying For College Today

For many Americans, providing a college education for their children has long been an important family goal. Paying for that education, however, has never been easy. Over the past few years it has become even more of a challenge as college costs continue to rise.Few families seem able to save enough to fully fund four or more years of higher education. For many students, some type of financial aid, in the form of grants, scholarships, loans, or work-study, is needed to make the dream a reality.
And such financial aid is available. The federal government, through the Department of Education, provides about $120 billion a year2 in student aid, through a variety of programs such as the Iraq and Afghanistan Service Grant, the Federal Supplemental Educational Opportunity Grant, and the Teacher Education Assistance for College and Higher Education Grant. Private organizations and foundations, state governments, as well as the schools and universities themselves, are additional sources of financial aid.
The key step in paying for a child's education is to begin the process as early as possible. A great deal of information, as well as counseling, is available from high schools, colleges, and the various government agencies involved in higher education, at little or no cost.
1See “Trends in College Pricing – 2017,” published by The College Board, page 3.
2Source: Department of Education website:, accessed November 2, 2017.


Friday, February 16, 2018: REMINDER: WHP Financial Will Be Closed on Monday, February 19th

In observance of Presidents' Day, WHP Financial will be closed on Monday, February 19, 2018. U.S. stock markets will also be closed that day. We will return to normal business hours on Tuesday, February 20, 2018. 

As you know, Presidents' Day was originally known as "Washington's Birthday" in honor of America's first president, who was born on February 22nd. In many regions, Abraham Lincoln's birthday (February 12) is also celebrated. Over the years, the holiday has expanded to become a celebration of 
all presidents - hence the name "Presidents' Day". And while Washington and Lincoln still tend to get the most press, we think it's good to remember that many others have served as Chief Executive too. So many of the rights, freedoms, and privileges we enjoy today are due to men and women whose names and deeds are shrouded by history. This is even true of presidents. Some presidents were better than others were, of course, but all deserve to be commemorated.

Sadly, some presidents were unable to serve for very long due to their untimely deaths. This has often rendered them mere footnotes in history; the answer to a trivia question and nothing more. And yet even these presidents were able to accomplish important things during their time in office. So for this Presidents' Day, we thought we could take a brief look at who a few of these men were and what they did.

Friday, February 9, 2018: Deducing the Culprits Behind the Recent Market Volatility

By now, you've seen the headlines, full of scary-sounding words like rout and storm, plunge and crash. Whatever you want to call it, investors have certainly endured a rough time over the past few days. The Dow, dominating the media's coverage as usual, dropped more than 600 points on February 2, and almost 1,200 points on February 5.1 That's a single-day decline of 4.6%, the largest since 2011.1 The other major indexes were shaky, too.
It's been quite some time since we've seen volatility like this. The S&P 500 skyrocketed almost 20% in 2017.2 What was even more amazing last year was how calm and consistent the climb was. Since the election, any declines have been mere blips on the radar screen.
For investors who have grown accustomed to nothing but clear skies and calm seas, all these headlines might seem rather alarming. But in our experience, once you look at both why and how something works, it seems a lot less ominous. So let's examine the why and the how behind this new spate of volatility. 

Tuesday, February 6, 2018: When Will I Receive My 1099?

If you are expecting Form 1099(s), be aware the IRS allows investment sponsors to request extensions to compile information, so your 1099 may not even arrive until mid-March. Even though a company may wait to issue a 1099, they may still need to send out a corrected 1099 later on. To possibly avoid having to file an amended return, you may want to wait until closer to April 17th to file (Emancipation Day moves the final filing date forward).
In order to retrieve your 1099s as soon as possible, we recommend you sign up for online access to the individual company's website, if offered. Links to many investment sponsors are available on the homepage of our website under the Resources tab in the section called Your Accounts/Useful Links.
SagePoint Financial Inc./Pershing brokerage account 1099s will be mailed in four phases, with the last mailing on March 15, 2018. 

Friday, January 12, 2018: WHP Financial Will Be Closed on Monday, January 15th for Martin Luther King, Jr. Day

Few individuals in the history of mankind have had the lasting impact Dr. Martin Luther King Jr. has. There have also been few individuals more controversial than him. Regardless of your opinion, we believe that most view him as an inspiration. He is, unarguably, one of the most influential individuals to have lived, in the United States of elsewhere. In 2011, a monument to Dr. King was dedicated on the national mall in Washington DC. He's one of four individuals to receive a monument without either first serving as president or as a soldier. He's also the first African American to be honored in this way. But Dr. King's legacy came at a steep personal price. He was arrested at least twenty times during his campaign for civil rights. He became a target of J. Edgar Hoover and the FBI. His home was fire bombed. He endured countless numbers of abuses due, in large part, to the Jim Crow laws of the time. When his detractors couldn't tolerate him any longer, his life was taken by an assassin. 
Today, many individuals have forgotten the hardships he and other African Americans endured during that era. This isn't to say that some of the hardships don't still exist, because they do – far too many of them. But there's been progress. There's still work to be done, minds and hearts to soften, and healing to occur. Dr. King showed us how to do that: with Love. Dr. King taught that Love was and is the only solution. Love for all mankind. Love of individuals – not of races, parties, agendas, or opinions. In his words, “We must develop and maintain the capacity to forgive. He who is devoid of the power to forgive is devoid of the power to love. There is some good in the worst of us and some evil in the best of us. When we discover this, we are less prone to hate our enemies.”

Tuesday, January 2, 2018: Tax Cuts and Jobs Act: Impact on Individuals

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax-cut package that fundamentally changes the individual and business tax landscape. While many of the provisions in the new legislation are permanent, others (including most of the tax cuts that apply to individuals) will expire in eight years. Some of the major changes included in the legislation that affect individuals are summarized here.

Friday, December 22, 2017: WHP Holiday Hours for Christmas and New Years Day

In observance of Christmas, WHP Financial will be closed on Monday, December 25, 2017. U.S. stock markets will also be closed that day. We will return to normal business hours on Tuesday, December 26, 2017. 
In observance of the New Year, we will also be closed on Monday, January 1, 2018. U.S. stock markets will also be closed that day. We will return to normal business hours on Tuesday, January 2, 2018. 
We wish you all happy and safe holidays!

Tuesday, December 19, 2017: Record Keeping For Your Own Business

Keeping good business records will not only help you stay in business but may also help you increase profits. Your business records let you analyze where your business is and where it's going. They point out potential trouble spots and serve as a guide to where you want your business to be. Use these guidelines to start your own self-evaluation.


Tuesday, December 5, 2017: Credit Traps For The Unwary

It's hard to imagine functioning in today's society without access to credit. However, you need to be careful not to fall victim to some of the pitfalls associated with it. Being aware of the traps described in this article should help.

Tuesday, November 22, 2017:  WHP Has Special Holiday Hours This Week

In observance of Thanksgiving, WHP Financial will close at 3:00 pm on Wednesday, November 22, 2017 and be closed on Thursday and Friday, November 23-24. We will return to normal business hours on Monday, November 27, 2017. We wish you all a happy and safe Thanksgiving holiday.


Tuesday, November 14, 2017: Do You Know What Long-Term Care Insurance Can Do For You?

Long-term care insurance is designed to pay for the cost of your care in a variety of settings, including a nursing home if you can no longer care for yourself independently. Long-term care policies vary widely in their coverages, limitations, and exclusions. A comprehensive policy generally covers the costs of round-the-clock nursing home care, including that given at custodial, intermediate, and skilled levels. The policy may also cover any expenses associated with assisted-living residences provided that the facility is state certified. Adult day-care centers are often covered as well, as is respite care, which is the temporary professional care you'll need if your regular caregiver is on vacation. Policies may also pay for at-home care provided by registered nurses; respiratory therapists; physical, occupational, or speech therapists; registered dietitians; or licensed social workers.

Policies may also cover the cost of caregiver training for a family member or friend. Finally, the insurance may cover the cost of an independent health-care professional, such as a registered nurse, who will act as your personal care consultant. Such a benefit gives you an objective person with whom you can discuss the quality of your care. Insurance companies will require that you meet certain conditions before they issue the benefits. For example, they usually require that you be unable to perform certain regular daily activities by yourself, such as normal bathroom functions, bathing, dressing, and eating. Companies will also issue benefits because of cognitive loss as a result of Alzheimer's disease, senility, and other forms of dementia. All of these requirements are explained in the policies. Make sure you speak with a trusted insurance professional before you purchase this coverage.

Friday, November 10, 2017: A Triumphant Veterans Story

Last year, in a small town called Taylor, Pennsylvania, George Fricovsky received his high school diploma. You probably didn't hear about it.  Very few did, unless they lived locally.  After all, what's so remarkable about receiving a diploma? 
For starters, George is 90 years old. 
Now that's a bit more unusual.  Why is a 90-year old receiving a diploma?  And why did it take him so long? For that, you have to go back to 1944, when World War II was raging.  

Tuesday, October 31, 2017: WHP Financial Advisors Attend ConnectED 2017

Scott H. Wolters, CFP® and Chris A. Pratt, CFP®, financial advisors affiliated with SagePoint Financial, Inc., recently attended Advisor Group's 2017 ConnectED conference from October 19-22. The annual event was hosted at the Marriott Orlando World Center in Orlando, Florida. ConnectED 2017's keynote speaker was Alan Mulally, the President and Chief Executive Officer of The Ford Motor Company. Other speakers included Tony Crescenzi (Executive Vice President, Market Strategist and Generalist Portfolio Manager, PIMCO) and Dr. Quincy Krosby (Chief Market Strategist, Prudential Annuities), among others.
The conference featured educational sessions on a range of topics reflecting the most current industry trends, best practices, products and policies. The conference also provided an opportunity for the advisors to talk directly with investment sponsors, technology providers, and other advisors from across the United States.

Tuesday, October 24, 2017: Social Security Administration Announces 2.0% Increase For COLA

The Social Security Administration announced that monthly Social Security and Supplemental Security Income (SSI) benefits for more than 66 million Americans will increase 2.0 percent in 2018, with Social Security beneficiary benefits payable starting January 2018. Increased payments to more than 8 million SSI beneficiaries will begin on December 29, 2017. (NOTE: Some people receive both Social Security and SSI benefits.) The Social Security Act, which provides for how the COLA is calculated, ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor's Bureau of Labor Statistics.
Some other adjustments that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $128,700 from $127,200. Of the estimated 175 million workers who will pay Social Security taxes in 2018, about 12 million will pay more because of the increase in the taxable maximum. According to this fact sheet the maximum benefit for a worker retiring at full retirement age is $2,788 per month, up from $2,687 per month last year.
Information about Medicare changes for 2018, when announced, will be available at For some beneficiaries, their Social Security increase may be partially or completely offset by increases in Medicare premiums.
Tuesday, October 17, 2017: Financial Planning - Helping You See The Big Picture
Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you. And each comes with a price tag attached. That's where our unique financial planning comes in.
Financial planning is a process that can help you reach your goals by evaluating your whole financial picture, then outlining strategies that are tailored to your individual needs and available resources. This video will further help you understand why financial planning is important.

Tuesday, October 10, 2017: Do You Know What Your Kids Are Doing Online?

It's National Cyber Security Month! People of all ages are connecting with friends and family online, downloading apps and accessing content, sharing what they're doing – and where they are – sharing photos and videos from mobile devices, and building online profiles and reputations. Communicating online is a way of life, yet it comes with certain risks:
                Inappropriate conduct - The online world can feel anonymous. Kids sometimes forget that they're still accountable for their actions.
                Inappropriate contact - Some people online have bad intentions. They might be bullies, predators, hackers, or scammers.
                Inappropriate content - You may be concerned that your kids could find pornography, violence, or hate speech online.
Technology is constantly evolving. So are the risks associated with it. You can reduce these risks by talking to your kids about how they communicate — online and off — and encouraging them to think critically and act in a way they can be proud of. We hope you find this guide from the Federal Trade Commission (FTC) helpful.

Tuesday, October 3, 2017: Medicare Open Enrollment Begins October 15, 2017                                                                 

The Medicare Open Enrollment Period (from October 15, 2017 through December 7, 2017) is the time during which people with Medicare can make new choices and pick plans that work best for them.  Each year, Medicare plans typically change what they cost and cover. In addition, a person's health care needs may have changed over the past year.  The open enrollment period is the opportunity for individuals to switch Medicare health and prescription drug plans to better suit their needs.  This article discusses what factors to consider, what's new in 2018, and where to get additional information.
Tuesday, September 19, 2017: Saving For College and Retirement
These days it's not uncommon for parents to postpone starting a family until both spouses are settled in their marriage and careers, often well into their 30s and 40s. Though this financial security can be an advantage, it can also present a dilemma—the need to save for college and retirement at the same time. This article discusses several possible options once you've determined your projected monetary needs for both retirement and college.

Thursday, September 14, 2017: The Equifax Data Breach

On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that exposed vital personal identification data — including names, addresses, birth dates, and Social Security numbers — on as many as 143 million consumers, roughly 55% of Americans age 18 and older.*
Equifax has faced widespread criticism following its disclosure of the hack, both for the breach itself and for its response, particularly the website it established for consumers to check if they may have been affected. Both the FBI and Congress are investigating the breach.* In the meantime, here are answers to questions you might have.
*The Wall Street Journal, September 8, 2017, September 10, 2017

Tuesday, September 12, 2017: Maximizing Your Insurance Benefits

It's National LIfe Insurance Month! Did you know that there could be estate taxes on your life insurance policy? Understanding the threat of estate taxes on your life insurance proceeds is the first step in protecting these funds from unnecessary taxation. The next steps are determining the appropriate ownership of your policy and selecting your beneficiary. There are also several factors that come into play that could undermine the financial security provided by the proceeds of your life insurance policy. 

Thursday, September 7, 2017: How Much Is Your Closely Held Business Worth?

Fair market value is the sale price that strangers would reach, but it doesn't necessarily equal the sale price. It is the sale price a hypothetical buyer and seller would reach, not the price that the actual owner would agree to or the price an actual buyer might be willing to pay. This article explains what factors are considered in determining fair market value, the three main approaches to determine fair market value, and why this should matter to you.

Tuesday, September 5, 2017: Don't Forget - You Can File Your FAFSA on October 1st

For the 2018/2019 academic year (July 1, 2018 through June 30, 2019), families will be able to file the Free Application for Federal Student Aid, or FAFSA, as early as October 1, 2017. This will allow more time to gather financial information and make more informed decisions about which college would be best for the student. Also, don't forget that the income information for your 2018/2019 FAFSA should be taken from your 2016 federal tax returns. For more information, please visit


Friday, September 1, 2017: WHP Financial Will Be Closed On Monday, September 4, 2017

In observance of Labor Day, WHP Financial will be closed on Monday, September 4, 2017. U.S. Stock markets will also be closed that day. We will return to normal business hours on Tuesday, September 5, 2017. For a comprehensive look at how Pershing's business operations will be affected, please view Pershing's 2017 Labor Day Schedule.  
If you're like most people, you've probably never heard of Samuel Gompers before. Or if you have, it's only a faint memory from your high school history textbook. But for the American labor movement, Gompers truly was an icon. In fact, the very concept of “the American dream” owes much to him.
Tuesday, August 29, 2017: Korea, Geopolitics and the Markets
There was once a time when the threat of nuclear war hung over America's head like a storm cloud that just wouldn't go away. Those days, thankfully, are long over - but the sky turned a little bit grayer in the last few weeks. As you probably know, tensions have surged recently thanks to news that North Korea has "produced a miniaturized nuclear warhead that can fit inside its missiles."President Trump fanned the flames even more when he stated that any attack by North Korea "will be met with fire and fury."