Be careful before you make long-term financial decisions based on the possibility of loan forgiveness. Expectations for student loan forgiveness have been high, and they reached fever-pitch in March when President Biden unveiled his $1.8 trillion “American Families Plan.” Given the enormous size of the bill, many Americans anticipated the inclusion of loan … [Read more...]
Will there be a correction in the market?
August 7, 2021 by
One of the questions I get a lot is, “Will there be a correction in the market this year?” The easy answer to this is “Yes, probably.” It might be best to just look at history for an answer rather than it being clouded by current events and our own political views and biases – although we always need to add that Past performance is no guarantee of future … [Read more...]
Why Do I Need Life Insurance? (P.S. – I don’t NEED it)
April 30, 2021 by
Here’s how a traditional life insurance sale goes: “Let’s do an analysis of how much life insurance you need.” Imagine being a life insurance salesperson on the “Miracle on the Hudson” plane just as the pilot Sully said: “Brace for impact” What if you grabbed the speakerphone and said, “Anyone want some life insurance? I could get it for you in one second … [Read more...]
Financial Planning Tips for Young Parents
March 24, 2021 by
As all my clients know, that there are 3 types of money. One of them being Transferred Money. A large focus of our planning is to identify areas of inefficiency where money can be transferred away. This post is by Sara Bailey who points out many areas of possible inefficiency for Young Parents. As is often the case in life, if we pay attention to the small … [Read more...]
Why do I need life insurance when I first get married?
March 8, 2021 by
By Dave Coen I am going to make this short and sweet so that we get the point across as this is one of the very first things I would suggest a couple consider when getting married. What do you want for your spouse? When we first fall in love and decide to spend the rest of our lives together, we feel like the world is at our feet and that our future is … [Read more...]
Custody of a Minor Child When the Natural Parents Die
March 4, 2021 by
This post was written for Legalzoom by Roberta Codemo and can be viewed HERE By Roberta Codemo Who gets custody of a minor child when the natural parents die? This is a question parents need to ask themselves. Normally, the surviving spouse gets custody. However, should both parents die, the answer isn't so simple, which is why it's important to have an … [Read more...]
Financial Aid Awards – Can I appeal?
March 3, 2021 by
5 things to think about – By Dave Coen This time of year, we look through a lot of financial aid award letters. Part of what we need to understand is the fine print of the award letters in order to make an informed decision about the best college and how much it will cost for all four years. The letters can be downright misleading. I am … [Read more...]
When should I retire?
February 12, 2021 by
5 things to think about - By Dave Coen This is a question that I get a lot from clients as we plan and update their family’s journey from time to time. There is no “One size fits all” answer, but rather a series of questions and answers we go through in order to determine what the options are and what goals each family has. Here are 5 things to think … [Read more...]
My Child Turns 18 – What is different?
December 30, 2020 by
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...]
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