By Dave Coen It might seem like just another day older, but (Legally) when our kids turn 18 there are a LOT of things that they can now do, and as parents, we need to be prepared for this. Their 18th birthday is a date when there are some serious changes that take place and we as parents need to be aware and to plan for those, and then communicate with our … [Read more...]
Year-End Tax Planning Under The Forthcoming Biden Presidency
November 26, 2020 by
Tax Planning should take place "In Advance" every year if it is proper planning. Despite all that is going on with the future presidency at the moment, it would be prudent to listen to what has been said about future tax plans and if there is anything that we should plan for now, before the end of 2020. I might suggest that you take the information below, … [Read more...]
4 Vital Questions about College
November 11, 2020 by
Parents - Have I had a discussion with my spouse as to who is paying for college? Some parents want to pay for everything for college because that is what their parents did for them, or they want their student to be able to focus solely on their studies. Other parents would like their students to have some skin in the game with some loans. Yet other … [Read more...]
#4 and #5 – 15 Financial Mistakes people make in Retirement
September 2, 2020 by
In our previous newsletter, we looked at the impact of inflation, a Big Thing, and Ponzi Schemes on retirement planning. The next two are more about our portfolios. #4 Attempting to time the market The past 6 months should be a great example of the risks of trying to time the market. There are circumstances that can occur that some people can … [Read more...]
#2 and #3 – 15 Financial Mistakes people make in Retirement
August 31, 2020 by
In our previous newsletter, we looked at the impact of inflation on retirement planning. These next two are not part of the BIG 5, but often cause our plans to go awry. Going for a “Big thing” So often we find that retirees have lots of time and watch TV or read or sit around talking to others - much more than they used to. Often, they will hear about a … [Read more...]
15 Financial Mistakes people make in Retirement – first of the “BIG 5”
August 13, 2020 by
A large part of what I do for a living is to assist families to assess their “Retirement Readiness”. The planning part obviously comes first, and this is called the Accumulation Phase of proper planning. If we have done a good job throughout this phase, then there will come a time for the big question. “Are we OK to retire now?” We then start planning the … [Read more...]
Should I lend money to a family member?
May 22, 2020 by
30 years ago, my Mom taught me a great lesson about lending money to people. Before we get into the rational details here, let me say that I have been the recipient of loans and gifts by some of the most generous people on the planet when I have desperately needed help. Giving and lending often comes from the heart and not always based on rational deductions, … [Read more...]
4 Questions that every Financial Advisor should be able to answer
May 18, 2020 by
I have asked people many times what their past experience has been with Financial Advisors. Do you know what to ask your advisor and what he should be doing for you? Probably the best thing that should come out of a relationship with an advisor is a PLAN. If you know where you are headed then you will have a sense of what you need to do to get there …it will … [Read more...]
Why I Need an Estate Plan and Trust
May 8, 2020 by
By Dave Coen – along with information provided by Jillian C. Kinsey, Esq. Albrecht & Barney attorneys Having a team of professionals working together on your behalf is something that I recommend to my clients. I would suggest that your Financial Advisor, a Competent CPA, and a Trust Attorney are 3 essentials for many families, no matter how small you think … [Read more...]
3 Things – Inspiration, Rebalance, Perspective
May 1, 2020 by
Rebalance - - One of the services we offer our clients is to rebalance their individual portfolio’s as market conditions change. Our Investment Committee has been working hard in identifying opportunities and fund performances and will be implementing another rebalance on our clients’ portfolios this coming Monday based on each family’s goals and risk … [Read more...]
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