Monthly Archives

July 2009
Posted By: CFP&WM On: Jul 19th, 2016 In: Money Matters Comments: 0

The Difference Between Having an Estate Plan and Wealth Transfer Plan

Unfortunately, only about 45% of adult Americans have estate-planning documents. Generally, as one accumulates more assets as they becomes older, the probability of having estate-planning documents increases.

When you die without a will or trust, the State in which you reside has laws that determine to whom your assets will go. This may or may not be what you want. …

Posted By: CFP&WM On: Jul 5th, 2016 In: Money Matters Comments: 0

“Brexit” and Its Impact on the Stock Markets

Everyone knows that Brexit is an abbreviation of “British exit” and refers to Britain’s vote to withdraw from the European Union. When the UK voted to leave the EU the stock markets reacted around the world.

On Thursday June 24th the day after the vote, most markets were down and lost even more through Monday the 27 th.…

Posted By: CFP&WM On: Jul 19th, 2013 In: Investing Money Matters

What’s The Difference? Mutual Funds And Exchange Traded Funds Explained

Mutual Funds have been a popular way to invest for several decades. On the other hand, Exchange Traded Funds or ETFs as they are commonly known, are relatively new but are quickly gaining popularity for their low-cost and their better tax treatment. There are some differences of which you should be aware.

Mutual Funds

As a review, a Mutual Fund …

Posted By: CFP&WM On: Jul 10th, 2013 In: Estate planning Financial planning Money Matters

Same Sex Marriage Ruling Causes Changes

The recent U.S. Supreme Court’s ruling on the Defense of Marriage Act (DOMA) has federal tax and other implications for legally married same-sex couples.

The Internal Revenue Code generally provides married individuals with more tax advantages than it provides for two single taxpayers filing separately, but not always.

Marriage Tax Bonus

When two people are married, filing a joint return …

Posted By: CFP&WM On: Jul 2nd, 2013 In: Beware - Horror stories Money Matters

Fake Emails Are Harmful To Your Finances

No doubt we’ve all received a couple (hundred) emails from solicitors in Africa who report having a client with millions of dollars worth of cash tied up in a bank there (a result of unfair government policies, of course) and who needs your help in obtaining it. Surely, if you’re like me, you roll your eyes and quickly delete that …

Posted By: CFP&WM On: Jul 27th, 2009 In: Financial planning General info My soap box

Consumers would benefit if we call “A Spade a Spade”

76% of those surveyed did not know the difference between a sales representative of a Broker Dealer and that of a Registered Investment Advisor. The reason is the term “financial advisor’ is often utilized by stockbrokers, insurance agents and others who are looking to sell you a product.

A “broker dealer representative” is a salesman of stocks, bonds and mutual …

Posted By: CFP&WM On: Jul 8th, 2009 In: Financial planning General info Investing Retirement planning

NAPFA Launches Consumer Education Series to Help Americans Better Understand Personal Financial Issues

The National Association of Personal Financial Advisors (NAPFA), the country’s leading professional association of Fee-Only financial advisors, is gearing up to further educate people on a variety of topics in an effort to help Americans become educated consumers of financial planning advice and products.

The Consumer Webinar Series is a year-long initiative beginning August 7, 2009 that will provide an

Posted By: CFP&WM On: Jul 8th, 2009 In: General info Investing My soap box

Research Confirms: Now is a Time to be Investing

Recent research shows that investors who begin investing during bear markets do better over the long run than investors who begin in bull markets.  T. Rowe looked at four different thirty-year periods, two of which that started with bear markets (1929 and 1970) and two that began with bull markets (1950 and 1979). They looked at the difference in the

Posted By: CFP&WM On: Jul 8th, 2009 In: General info Investing My soap box

If you Invest There is One Thing You Gotta Know

If you don’t know anything else about investing, the one thing that is paramount to know is the different legal safeguards and standards of care depending upon from whom you receive your financial advice.

You have three options for receiving investment advice:

1) Registered Investment Advisor (RIA). According to state and federal law anyone providing financial advice for a fee …

Posted By: CFP&WM On: Jul 8th, 2009 In: Financial planning General info My soap box

What is Financial Planning?

Financial planning is the process of helping you to obtain your goals in life by making better decisions in the management of your finances. Everyone has different goals therefore everyone’s financial plan will differ. However, the process of financial planning is always the same and will include:

1. Defining your goals both short-term and long-term

2. Gathering the necessary information