We have been alerted that there is an active phishing text campaign in which clients receive a text message from an international number and it mentions a disbursement from the client's account. It then asks to click on a link to log into their account to...
As our population ages, we continue to see a higher incidence of reduced cognitive ability. As fiduciaries, we are sensitive to this issue and look for red flags if we suspect diminished capacity or exploitation, particularly with regard to our senior clients. To...
After being retired for a bit you realize that you may not want to play golf 5 days a week, you miss your co-workers and you are not traveling as much as you thought you would. This is common – more and more people these...
Over the years we have found that there are some misconceptions on the dreaded “gift tax” (which currently has a maximum rate of 40%) – what it is, who pays it and how it can be avoided. Here are some of the most common...
We use a few pieces of powerful financial planning and investment management software. These tools help us keep track of dozens of factors about your financial life, chart a course forward and analyze whether you’re on track to meet your goals. The hub for everything...
Are you traveling abroad for an extended period of time? If so, here are a few things you could do with your credit to help you have a smooth trip....
It’s tax season, so we have been talking about different types of tax with clients a lot lately. Although ordinary income tax and capital gains tax are not the only types of taxes that exist, they are the two we deal with the most. So,...
In my career as a CERTIFIED FINANCIAL PLANNER™ I have had the opportunity to work with many clients reviewing their investment accounts. What has always struck me was the large number of accounts that are held across an array of firms such as brokers,...
In December 2019 the SECURE Act was signed into law. This brought about changes to retirement savings and one of the most impactful changes applied to non-spousal beneficiaries of IRAs. The most common example of this is an adult child inheriting their parent’s IRA, so...
Recently we have had several clients ask what they should do with their extra cash. This may be cash that is set aside for a short-term goal (1-3 years) or it could just be cash that has accumulated in the bank. While we make different...