Monthly Archives

December 2011
Posted By: CFP&WM On: Dec 15th, 2016 In: Money Matters Comments: 0

How to Make the Most of Your Donor Advised Fund

Donor advised funds (DAF) are one of the fastest growing vehicles for charitable giving for those in the upper middle and affluent classes. There are many reasons for this growth, including:

  • Income tax benefits
  • Ease of ongoing operation
  • Flexibility in changing favorite charities over time
  • Encouragement for younger generations to be charitably minded.

There are three primary tasks associated with

Posted By: CFP&WM On: Dec 13th, 2016 In: Money Matters Comments: 0

Questions to Ask Before Starting a Donor-Advised Fund

Donor advised funds (DAFs) are often used by the charitably-minded middle class, as well as the affluent, to benefit their favorite charities and do so in the most tax-efficient fashion. A DAF is a great option for charitable giving for those that would like to be anonymous in their donations, want to be tax efficient with their charitable efforts, provide

Posted By: CFP&WM On: Dec 8th, 2016 In: Money Matters Comments: 0

Donor Advised Fund- 2016 Could Be the Best Year to Establish Yours!

Most everyone has heard of the Clinton Foundation, as well as the largest private foundation in the U.S., which is the Bill and Melinda Gates Foundation. But there is a rapidly growing methodology for the affluent to benefit their favorite charity (and get a tax break at the same time) without the costs and hurdles of establishing a family foundation.…

Posted By: CFP&WM On: Dec 17th, 2015 In: Money Matters Comments: 0

For a Successful Financial Plan, You’ll Spend Money — and Time

*Published on NerdWallet

On the surface, the cost of a financial plan is simple: generally between $2,000 and $4,000, depending on its complexity and where you live.

But dig deeper and you’ll find that the plan’s success also depends on you spending time to implement it.

Consider the case of a young physician who recently came to my office inquiring …

Posted By: CFP&WM On: Dec 2nd, 2015 In: Money Matters Comments: 0

How to Prioritize Key Retirement Savings Steps

*Published on NerdWallet

Many people have read Stephen Covey’s “The 7 Habits of Highly Effective People.” The book was published in 1989, but its principles continue to apply to many areas of our lives — not just in the workplace.

Consider how the book dissects the decision-making process. Covey uses a time management matrix attributed to former President …

Posted By: CFP&WM On: Dec 12th, 2011 In: Money Matters

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Posted By: CFP&WM On: Dec 30th, 2009 In: Financial planning Investing My soap box

Legislature Does Not Protect Investors

Congress is reportedly attempting to improve the safeguards for the investing public. Sweeping financial services reform legislation was approved last week in the House of Representatives. But there were some evidently last minute changes inserted into the bill by lobbyists to benefit big Wall Street Broker Dealers such as Charles Schwab.

Registered Investment Advisors give investment advice and they have

Posted By: CFP&WM On: Dec 21st, 2009 In: Financial planning Retirement planning

Financial Planning at My Age?

Many people do not fully understand what Financial Planning is all about in the first place so they cannot really know if they would benefit from a plan.

In a nutshell, Financial Planning is a method of achieving the type of life that you plan for. Unfortunately many people do not plan and they end up not getting what they …

Posted By: CFP&WM On: Dec 17th, 2009 In: General info Investing

Legislature Protects Investors? NOT!

Congress is reportedly attempting to improve the safeguards for the investing public. Sweeping financial services reform legislation was approved last week in the House of Representatives. But there were some evidently last minute changes inserted into the bill by lobbyists to benefit big Wall Street Broker Dealers such as Charles Schwab.

Registered Investment Advisors give investment advice and they have

Posted By: CFP&WM On: Dec 14th, 2009 In: Estate planning Financial planning Investing Retirement planning

Consider Target Date Retirement Funds Carefully

In the last several years, numerous mutual fund companies have developed Target Date Retirement Funds (TDR) that are based on when people plan to retire. The longer away the retirement date, the more aggressive the allocation (more stocks) and it gets more conservative (more cash and bonds) as the retirement date nears.

The idea is that with one fund you