Broker Check


Phillips Financial Strategies' Financial Management Blog covers a wide range of important topics for anyone making decisions about money or planning for a secure future. Whether you are responsible for personal or family finances, running a business, or leading a nonprofit agency, William and the team at PFS have your interests in mind.

Got questions about something you've read or something you'd like to know more about? Let us know!


Thursday, March 8, 2018

As a distance runner, I learned to set goals for my daily workouts - start small and think big - to develop the stamina to compete. As a financial advisor, I know how that same strategy works for building wealth.


Thursday, February 22, 2018

When you are starting out with a new career or relationship, it's a good idea to work with a financial advisor to create a long-term financial plan. A risk management plan - insurance - should be part of your overall financial strategy.


Thursday, February 15, 2018

“How much debt should I have?” It doesn’t matter how much income you earn – it’s always possible to have too much debt. If you're not sure if your debt is out of control, here are some signs that should trigger alarms.


Thursday, February 8, 2018

I am a real dog lover. It is not surprising that, as an independent financial advisor, I cast my fiscal spotlight on dog ownership. Because it can be expensive it's not for everyone.


Thursday, February 1, 2018

Like most people today I depend on apps. An increasing number of apps are available to help people manage their personal finances. Which leads to an interesting question: what should you look for in a personal finance app?


Show All

Thursday, January 25, 2018

Have you ever thought about how much time you spend with your financial records in anticipation of tax preparation? Here's a way to use that process to review and tune-up your household budget.


Thursday, January 11, 2018

For many, the new tax bill is confusing enough to turn accountants into superheroes. For millions, it means an altered financial and investment landscape with new opportunities and challenges in the years ahead. Here's an update.


Thursday, December 28, 2017

What better time than a fresh new year to review your financial situation and commit to a realistic money management plan. Here are five steps you can take to get started.


Thursday, December 14, 2017

If you live in Washington DC, you can sign up for affordable health insurance through the DC Health Link exchange until January 31, 2018. Health insurance brokers are available to help at no cost.


Thursday, December 7, 2017

With more than one million nonprofit organizations engaged in fundraising, how should a potential donor select the right nonprofit to support?


Thursday, November 23, 2017

How to interview Independent financial advisors to choose the right person to save you time and help you maintain the discipline required for long-term security and wealth building.


Thursday, November 16, 2017

The expenses of holiday gift giving, entertainment, and home decoration can take possession of the household budget. For many, the extra spending is inevitable – and unaffordable. There is a better way.


Thursday, November 9, 2017

Do you need affordable health insurance? Are you confused by the uncertainty surrounding the Affordable Care Act, or Obamacare, for 2018? Health insurance brokers for DC Health Links can help with enrollment.


Thursday, November 2, 2017

As an independent financial advisor in DC, I often meet with clients whose plan is focused on saving money – how much can they put aside. Regardless of how much money you make the actual key to building wealth lies in creating assets.


Thursday, October 26, 2017

It’s time to renew or sign up for your individual health insurance for 2018 with the Affordable Care Act. You can enroll in a plan through DC Health Link, starting November 1, 2017.


Thursday, October 19, 2017

Times have changed. Today people are re-examining the benefits of buying a home instead of renting. If you in a position to purchase a home, but have not made a decision, here are some questions that may help you evaluate your situation.


Thursday, October 12, 2017

Are you still looking for affordable health insurance? Are you confused about the status of the Affordable Care Act (ACA)? It's not too late. Plans for individuals and family are still available for 2018 through DC Health Link.


Thursday, October 5, 2017

Young professionals – millennials – who want to begin an investment strategy should be aware of strategies to control the amount of financial risk inherent in investing.


Thursday, September 28, 2017

Developing your personal financial plan doesn’t have to be difficult. Successful financial planning takes strategy, discipline, and basic money management skills. Here are seven ways to improve those skills:


Thursday, September 21, 2017

The Affordable Care Act remains the law of the land. Individuals can renew or sign up for health insurance through DC Health Link, the DC exchange, starting on November 1, 2017.


Thursday, September 14, 2017

As an independent financial advisor in DC, I talk with people about how to build wealth. I tell them not to count on luck or timing but to pay attention to the quality of their asset allocation.


Thursday, August 31, 2017

There is a difference between just saving money and building wealth. The size of that difference is determined by how you invest that money – your investment strategy.


Thursday, August 24, 2017

As an independent financial advisor, I talk to my clients about risk. Wealth building strategies - investing - come with risk which can be managed. Starting with your risk profile here are five strategies to manage investment risk.


Monday, August 14, 2017

Not everyone thinks it’s necessary to pay someone else to manage their assets and investments. They prefer to go it alone. But, for most people, financial professionals will provide the advice needed for successful wealth building.


Thursday, June 22, 2017

For recent college grads who are facing challenging student loans, William A. Phillips explains how income-driven repayment plans can help monthly payments fit into budgets and financial planning.


Thursday, June 15, 2017

For generations, the purchase of a home was considered the ultimate American dream. It seems that, more recently, people have been re-examining the benefits of buying a home instead of renting and when is the best time to do so.


Thursday, June 8, 2017

In my role as an independent financial advisor, I talk with lots of different people. Interestingly, one topic that comes up across the diverse groups is that of financial independence. It requires a detailed plan and discipline.


Thursday, May 11, 2017

May is the month of college graduations, and I talk with lots of young professionals who are starting out. My advice is always the same. I stress the long-term benefits of early saving and personal financial planning.


Thursday, May 4, 2017

Tips for improving the FICO number, ranging from 300-850, which determines your credit rating and can affect your ability to purchase a house or car, secure a credit card or other loan, or even get a job.


Thursday, April 27, 2017

How to choose a financial advisor who’ll make the time to focus on your concerns and is committed to helping you achieve your personal financial planning goals.


Thursday, April 20, 2017

April is Financial Literacy Month. Money management is important to financial health as well as general happiness and well-being. Five steps to help take charge of finances and overcome financial illiteracy.


Thursday, April 13, 2017

As an independent financial advisor, I recommend asset allocation as a strategy for long-term wealth building strategy whose merit lies in being secure enough to give your investments time to grow over a period of many years.


Thursday, April 6, 2017

Tax season tends to bring out a lot of regrets - that we had saved more, invested more and budgeted more wisely during the past year. It's never too late to jump-start financial planning and saving.


Thursday, March 23, 2017

When I give investment advice to my clients I tell them that financial risk is inherent in the field of investment. We all want to see our money grow. Risk isn’t something to avoid, but there are strategies that can manage it.


Thursday, March 16, 2017

​I tell my clients that personal financial planning is the most basic building block for acquiring wealth. Too many individuals focus on their earning power and neglect the development of assets.


Thursday, March 9, 2017

If you are a young adult in your 20’s, retirement probably seems like a lifetime away but saving for retirement is an investment in your future that can be done while still maintaining a healthy work-play balance.


Thursday, February 23, 2017

Setting tangible and realistic goals, following them, and tracking their progress is the key to success. Financial plans thrive on goals. The more time you have to reach a financial goal, the more investment risk you can afford to take.


Thursday, February 16, 2017

College can be expensive. At the same time, college is increasingly necessary to be successful in America’s competitive job market. College savings programs and federal loan repayment options can help.


Thursday, February 9, 2017

When I talk with clients about their financial profile, I encourage them to look beyond the size of their paycheck. I advise them to work out an investment plan that is compatible with their budget, current situation, and lifestyle goals.


Thursday, February 2, 2017

Out on the highway, do you drive in the slow lane or the fast lane? Do you slow down or speed up when you see a yellow light ahead? Your attitude toward risk and risk-taking applies to your financial situation as well.


Thursday, January 26, 2017

When I talk with recent college graduates about financial planning, the issue of student loan repayment is a frequent topic. So many millennials feel they have to postpone investing in their future until those loans are repaid.


Wednesday, January 18, 2017

Health insurance, like other kinds of insurance, protects individuals and families from risk. An accident, a serious disease, a child born prematurely – these are unplanned situations that require expensive care and treatment for reco


Tuesday, January 10, 2017

It's January. What better time than now – the start of a new year – to review your financial situation and commit to a realistic money management plan. Here are five steps you can take to get started.


Thursday, December 29, 2016

Ever since the election I have been fielding questions from clients about affordable health insurance offered through ObamaCare, otherwise known as the Affordable Care Act. The incoming administration has committed to some form o


Thursday, December 8, 2016

It is never too late to save for retirement! This is true even if you are approaching that final 10-20 years of employment without a definite plan for retirement. Worried about adequate savings and potential retirement income? Instead of ge


Thursday, December 1, 2016

​Like many financial advisors, I get a fair number of questions in December related to taxes. The end of the year is one of the best times to review your finances, prepare your tax documents, and make any changes to your financial strategy.


Thursday, November 24, 2016

It’s the shopping time of year. The expenses of holiday gift giving, entertainment, and home decoration can take possession of the household budget. Extra spending doesn't have to be inevitable with a budget as a guide.


Thursday, November 17, 2016

It's not too late to sign up for coverage with the Affordable Care Act (ACA) for 2017. The open enrollment period for 2017 extends between November 1, 2016, and January 31, 2017.


Thursday, November 10, 2016

We all have dreams about the perfect retirement, but it is so easy to let procrastination undermine the process of taking steps to achieve that dream. Here's how to get started.


Thursday, November 3, 2016

Have you heard? It’s time to renew or sign up for your individual health insurance for 2017. The open enrollment period – the window of time during which you can enroll in a plan - began November 1, 2016.


Thursday, October 27, 2016

Most small business owners want to offer their employees a health benefits program. The Affordable Care Act makes tax credits available to reduce the overall cost to small employers of group health insurance.


Thursday, October 20, 2016

Today, small businesses owners recognize the competitive edge they get by offering a health benefits program to their employees. The Affordable Care Act offers many options to meet the needs and budgets of small businesses.


Thursday, October 13, 2016

No one wants to think of their own mortality. But there comes a time for everyone when assets are passed on to family members. Estate planning is an important part of protecting your family now and in the future, so start soon.


Thursday, October 6, 2016

Health insurance brokers registered with DC Health Link, the exchange set up in DC to administer the federal Affordable Care Act (ACA), are available to assist individuals and small business owners in navigating the ACA system.


Thursday, September 29, 2016

If you or any member of your family has been unable to find the right health insurance for your needs, there is now a resource – DC Health Link – that may be the solution you are seeking.


Thursday, September 22, 2016

Your credit history may be a factor in your job search. Employers have the right to conduct credit and other background checks on job candidates. With a problem credit report, your chances of getting the job offer may be reduced.


Tuesday, August 30, 2016

Life insurance is a risk management tool – a way to manage the risk of your untimely death with financial protection for your family and loved ones. Learn the differences between the two basic types of life insurance: term and permanent.


Thursday, August 11, 2016

If you are a young adult in your 20’s, retirement probably seems like a lifetime away, but saving for retirement is an investment in your future that can be done while still maintaining a healthy work-play balance.


Thursday, July 28, 2016

Retirement income is not free from income taxes. Not planning ahead may mean that you end up paying more IRS taxes than you need to, and could make retirement a whole lot less comfortable.


Thursday, July 14, 2016

Investing and saving are familiar tools for protecting yourself from financial risk. But for another kind of risk - accidents and the cost of a serious injury - you need the protection of a health insurance plan.


Thursday, June 30, 2016

Many couples lose track of their money management plan. With a little discipline and some very basic tools like a budget, you can gain control of your personal finances.


Tuesday, June 7, 2016

Most people think of life insurance as a way of receiving funds to help replace income when the primary earner passes away. This death benefit is one of the most prominent features of life insurance plans.


Tuesday, May 31, 2016

A beneficiary is anyone who is named in your life insurance policy to receive the death benefit of the insured when you pass away. The two main types of beneficiaries are primary and contingent.


Tuesday, May 24, 2016

Even if retirement planning isn’t the first thing on your mind, it IS important to get started as soon as possible. The worst scenario is to postpone the process until later and you find yourself short on resources when you need them.


Thursday, March 24, 2016

A budget is a financial plan for spending and managing expenses. It is a strategy that allows you to prepare for the unexpected. With a smart budget, you will be able to save and invest in your financial future.


Monday, February 15, 2016

For individuals who don't want to wait for the traditional retirement age to get started, early retirement is possible, as long as you are smart about the way you invest and spend your money.


Monday, February 15, 2016

Some people attribute investing success to choosing the hottest stocks or timing the market correctly. But, in reality, the success of your investment usually depends on the quality of your asset allocation.


Wednesday, January 20, 2016

An effective wealth management system encompasses all aspects of a person’s wealth, from retail banking services, an investment portfolio, and estate planning, to legal advice, tax advice, and regular financial planning.


Wednesday, January 20, 2016

The internet is changing the workplace. Many people can now choose to telecommute and work from home, rather than head into the office. Luckily, the IRS offers a home office deduction which is often misunderstood.


Thursday, December 10, 2015

The end of the year is one of the best times to review your finances, prepare your tax documents, and make any changes to your financial strategy.


Tuesday, December 1, 2015

Not all health insurance plans are created equal; the type of plan you need depends on your age and life situation. There are coverage options to choose from and it’s important to understand all of them so you can make the right decision.


Thursday, October 22, 2015

Debt isn’t always bad. Having debt—and paying it off—is beneficial for your credit score. Having a high credit score will make it easier for you to buy a house, a car, or get a bank loan.


Thursday, October 22, 2015

When you decide that college is a likely path for your child, creating a college funding strategy will pay dividends down the road. Starting early allows interest to accumulate on your savings leading to a greater investment return.


'); }); Web Analytics