We have a client, Sandra, whose employer was in the process of being purchased by another company. As a function of her position, she was offered the opportunity to buy shares in the new company. She wanted to know if it was a good idea. Some personal finance experts...
Last month we completed a Second Opinion consultation for Gloria. Gloria had accumulated extra money in her checking account and had extra money available each month to put toward additional savings. She asked if she should pay down her mortgage with those funds or...
Last month Matt and Rachel asked for a meeting. Matt was offered a job, and he was weighing whether to accept it or not. The new job would have a little less flexibility and lower pay but came with a higher pension. Some probing revealed that the most attractive thing...
Would you like to achieve a 37X change in your life by this time next year? According to productivity expert James Clear -- and a little bit of math -- that's how big of an impact just a 1% daily improvement can make over time. Of course, the reverse is also true:...
Recently a long-time client sold a vacation home and placed the proceeds in her brokerage account. While on a Zoom call along with her son and daughter, she asked me if her account was FDIC insured. I wish this was a simple yes or no answer, but it’s not. Now, the...
We are always happy to provide a second opinion to friends and family of existing clients. On a recent Second Opinion discussion, we were asked if college expenses are deductible. College expenses are no longer tax deductible but some are eligible for a couple of tax...
If charity is part of your legacy plan, the best time to start giving back could be right now. Spending on other people is one of the most rewarding ways we can use our money. And seeing your generosity in action might give you some ideas on how to improve your legacy...
“Paul, I thought you said that I didn’t have to pay taxes on my IRA transfer…why did I get a 1099R?” We got his question a couple of weeks ago from a concerned client a few weeks ago like we do, on average, about twice per year. We get it. A client is told that their...
A couple of weeks ago some small moths showed up in our garage. We (and when I say “we”, I mean “my wife”) figured out they were coming from some bird seed that we kept in the garage. We removed the seed container, but it was too late – moths would congregate around...
Robin is a long-time client and is retiring at the end of this year. In a recent meeting she asked if she should roll over her 401k retirement plan to a self-directed IRA. For many people, their retirement plan is one of their largest financial assets, along with...