February 15, 2019

A client recently emailed to suggest that we remind all our clients of the importance of umbrella insurance. It was a good suggestion.

Regardless of your age, if you own any assets that you want to preserve, adding an umbrella policy helps to protect your assets. The more assets you have, the larger the umbrella policy you should obtain. (Umbrella policies often start at $1 million of coverage.)  Many experts suggest one should have enough insurance to at least cover your net worth.

Source: Direxion Funds

February 15, 2019

January 14, 2019

By: John Zeltmann

At year-end, mutual fund companies often distribute gains to shareholders in the form of capital gains distributions. Even if the fund is down for the year, shareholders may have a tax liability in their taxable accounts. These distributions are sent to investors via check, automatically deposited as cash to their brokerage account, or reinvested into the issuing mutual fund.  For those investors receiving the cash distributions, many see them as welcome arrivals - year-end bonuses, if you will.  But as with many things in life, it's not that simple.

December 31, 2018

Whether we’re driven by the season, the holidays, or a new year, this is often the time of year for reflection. As long-time readers of Stan’s World can attest, I’m a big fan of volunteerism. Numerous studies have validated the physical, spiritual, social and emotional benefits of volunteerism, and I’ve been a beneficiary.

December 31, 2018

While the last time there was a significant change to the rules when selling a home occurred in 1997, many people seem to mix the old and ‘new’ rules when trying to figure out whether the sale of their home is taxable or not. Here is a brief refresher, compliments of Tim Steffen writing in Investment News¹.

December 31, 2018

If your health insurance is through Medicare, you might be paying too much for prescription medications.

Consumer Reports¹ conducted a study in six cities that involved three Part D prescription drug plans. In each of the six cities, they “looked at two pharmacies and checked prices for generic versions of five common drugs.”  In Denver, “Someone filling prescriptions for the five drugs we looked at, plus paying a $16 monthly premium, could pay as little as $524 for a full year. But another person – at the same store with the same prescriptions but a different plan – would pay $1,686.”

Source: Direxion Funds

December 31, 2018

November 15, 2018

I recently read an article in an industry journal¹ titled: “You Can’t Win if You’re Afraid to Lose.” The tagline was: “To experience higher potential gains, clients need to be willing to tolerate occasional losses.”

November 15, 2018

By: John Zeltmann

Since my Dad's passing earlier this year, my Mom and I have spent countless hours wrapping up his finances.  I thought I'd share my impressions from the past several months, highlighting lessons we learned from bumps in the road they managed to avoid (as well as some they didn't).

November 15, 2018

The short answer is “There isn’t one answer for everyone.” The long answer is: “It depends.”