Category Archive for Financial Planning

Solving America’s Savings Gap

It should not come as a surprise to readers that America is in the midst of a retirement savings crisis. One indication of the severity of this problem is that 55% of Americans cannot replace a month of lost income, but what is probably more alarming is the sum of money families have saved for…

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X-flation: A Look at Inflation and its Variants

Now that the election has passed, financial writers are trying to decipher what exactly a Trump administration means for markets. Though his policies will surely change from what was said on the campaign trail, one topic that has garnered a lot of attention, especially after last week’s Federal Reserve meeting, is inflation. Milton Friedman described…

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Real Estate Investments: Alternative Access to an Alternative Asset

When the topic of real estate investing is discussed, often times the conversation is limited to direct ownership. Probably the most traditional form of real estate investing, it involves the investor purchasing a property, collecting rental income from tenants and, if they so choose, selling the property at a later date. While owning your own…

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A Crash Course in Risk

On June 24th, the UK voted in a referendum on the country’s continued membership in the European Union. Though most data suggested the opposite, Britain’s voters, by 52-48 margin, ultimately chose to leave the EU. This created a tremendous amount of volatility in markets the next day, as investors around the world scrambled to determine…

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Tax Planning, Wash Sales, and the Substantially Identical

Every year (often December) investors throughout the country undergo the process of tax planning with their advisor and accountants. Tax planning is a confusing, complex chore for many investors, but can be made easier with the help of an accountant and investment advisor. At its core, tax planning is a way for investors to strategize…

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Prince’s Estate and the Importance of a Will

Last month, legendary artist Prince tragically passed away. While we have certainly lost a prolific and immensely talented songwriter too soon, there is also a lesson to be learned in the coming battle for his sizeable estate. For a typically shrewd businessman, Prince unfortunately never addressed one of the most important parts of managing wealth;…

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How Do You Define Financial Wellbeing?

Financial well-being can be difficult to define universally across age groups and income levels. Young adults may consider financial well-being the ability to begin saving for retirement and afford to buy their first home; retirees may consider themselves financially “healthy” if they have prepared well enough for retirement to be able to take annual vacations…

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Presidential Candidate Tax Plans

With Tax Day coming up, we took a look at the presidential candidates’ proposed tax plans to get a sense of how your tax bill may be different in 2017, depending on who is elected in November. Hillary Clinton, the current frontrunner for the Democratic Party, has proposed more modest changes to the tax code…

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What does the Fiduciary Standard Mean and How does it Affect Me?

There has been an ongoing debate regarding how registered representatives of broker-dealers are regulated, and how these regulations protect or harm the average American investor. Much of this debate has been sparked by a rule that the Department of Labor (DOL) announced yesterday, which beginning in 2017 will hold registered representatives of FINRA (Financial Industry…

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The Importance of Eldercare Planning for Dementia and Alzheimer’s Patients

Preparing for diminished mental capacity in old age is becoming an increasingly important part of the financial planning process. As people continue to live longer, the number of those suffering from Alzheimer’s disease and dementia will continue to rise dramatically. Properly caring and protecting those with dementia requires financial and legal preparation, from ensuring there…

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