December 31, 2019

While shopping recently, I was asked by a cashier how much she would owe in taxes on an IRA she liquidated. It was an interesting question on many levels.

By John Zeltmann

December 24, 2019

Congress recently passed one of the most significant pieces of retirement planning legislation in a decade: The Setting Every Community Up for Retirement Enhancement Act ("the SECURE Act"). The new law changes how we plan for our clients' financial lives, so we thought it would be helpful to summarize the key implications.

November 15, 2019

I typically use Stan’s World as a space where I share with clients various experiences in my life that might relate to them. Perhaps it’s about a study I read that may be relevant to a few or a lesson learned that might apply to others. In this instance, Stan’s World will be about taking things for granted and not stopping to enjoy all that we have. You see, I visited a place which caused me to appreciate the timing of my life; maybe it will cause you to appreciate yours as well.

November 15, 2019

One of my daughters recently took a call on her cell phone because the caller ID showed the name of one of her sisters. But when she answered, she was surprised to find that it was a solicitation. Surprise! How’d they do that?

September 30, 2019

I’ve detected recurring patterns when working with clients of different ages. Clients in their 40s and early 50s, for example, tend to ask various questions that pertain to the theme “How am I going to get there?” They want to know how much they need to save, how many years they have to work, and how much their portfolios will need to grow in order to reach “there”. “There” is an undetermined date in the future when work as they know it will cease, where they live will change, and how they live will be different. While “there” is often not well defined, it clearly represents a lifestyle change from “now”.

September 30, 2019

Who doesn’t get excited about buying a new car? You’ve finished haggling with the salesperson, removed all the loose change in the seat cushions of the old car, and you’re all set to savor that new car smell. Before you drive off the lot, Consumer Reports¹ suggests you wipe your old car clean. Not the exterior, but a deep clean of the data you left behind.

August 15, 2019

We’ve previously written about helping young children to learn about charity and savings. Those lessons can be life-long, and life-changing, and they shouldn’t stop. 

As the New York Times¹ points out in an article titled “The Birds and the Bees. Why Not Bequests? Parents will talk to their children about drugs or sex, but often won’t discuss inheritance,” we often limit the lessons we teach our children, especially our adult children.

June 30, 2019

While a study involving Google and the DNA website, Ancestry.com, notes that our DNA may not play as big a role in our life expectancy as we all assume, a subsequent study published in the journal, Circulation, highlighted how we can take responsibility to increase our lifespan. 

May 15, 2019

Consumer Reports asked etiquette experts—Diane Gottsman and Julia Esteve Boyd—to recommend which service providers to tip, and the amount.  These suggested tips represent their combined recommendation, summarized in the graphic below.

May 15, 2019

Many investors aren’t aware of the concept of fee-only financial planning, so we’re sending along the article below from Financial Planning Magazine¹ because it’s the best one we’ve seen written on the subject in years.

Written by Bob Veres, a well-respected industry observer for decades, it’s clearly sarcastic in tone. It’s intent, however, is to point out the players in the personal finance marketplace and the incentives behind their compensation.