One of the reasons you have homeowners insurance is to avoid paying out of pocket for extensive property damage. Another reason you’re paying for homeowners insurance is to have an attorney on retainer to defend you should you be sued if someone gets hurt on your property. I would like to share a story about [...]
September was Life Insurance Awareness Month, but it is always a good time to explore the insurance options that will help to protect your family. And especially when it comes to your kids, it’s never too late to start considering what benefits would enhance their financial future. When I see my adult clients procrastinating about [...]
I’m always being asked for the best tax tips to manage financial losses. In a recent edition of TalkBiz News, Paul Myers described a common problem—paying someone thousands of dollars and getting nothing in return. He wrote: One guy I spoke with recently spent $7,000 with someone who failed to deliver anything he promised. The [...]
In the late ’90s, I had a client who was excited to see his stock options increasing at a rapid rate. Over the course of a few months, he saw the value of his options increase four times, and he was a millionaire on paper literally overnight. Wanting more and thinking it could never go [...]
This article was written by guest blogger Eva Rosenberg. Did you know that some states—including Alaska, Delaware, Montana, New Hampshire, and Oregon—have no state sales taxes at all? On the other hand, some states have a complex variety of local sales taxes with which you may want to be familiar. Deducting sales tax for a [...]
It is very common for me to see a new client with a number of old 401(k) accounts held by various former employers. Many people don’t know what to do with the accounts when they leave a job, but you actually have several options, including the three listed below: 1. Leave the account with your [...]
When I work with a new client in my financial planning practice, I often come across a condition that I call “financial clutter.” This has many forms, but a common version might look like this: Husband and wife have worked at several jobs and have a number of 401(k) plans left with their former employers. [...]
Since 2003, I have been a member of the National Association of Personal Financial Advisors, or NAPFA, which is the largest professional organization of fee-only advisors. Several years ago, NAPFA created a number of small study groups. The group to which I belong has nine members, and all of us are either solo or have [...]
This article was written by guest blogger Eva Rosenberg. My brother and I have been working since we were in our early teens. Like many teens, not knowing anything about taxes, I just let my dad take care of any necessary filings until I moved out at age 18. When Should You Start Filing Tax [...]
Recently, a friend asked me to look over his mother’s holdings. His mother is in her late 60s, recently divorced, and on her own financially for the first time. She decided to go with the financial advisor rep at her local bank for some free investment help. Because she didn’t pay for any sort of [...]
