Money Matters

10 Posts in this category
Posted By: CFP&WM On: Aug 19th, 2015 In: Money Matters Comments: 0

How Gender Differences Can Affect Your Investments

*Published on Nerdwallet 

With investing, it’s a fact that the better you know yourself, the more likely you are to get better results. That’s why it helps to understand gender-based (some might say gender-biased) investing tendencies.

Let me explain first that “gender-based” is a bit of a misnomer. Though we can see differences along gender lines, …

Posted By: CFP&WM On: Aug 11th, 2015 In: Money Matters Comments: 0

Estate Planning is the Ultimate Gift for Adult Kids

By Michael Chamberlain

*Published on NerdWallet

Your adult child’s birthday is coming up, and you’re experiencing the annual quandary: What will I give this year? Let me suggest a gift your kids would never, ever think of getting for themselves, but which could possibly even save their lives.

The gift: estate planning documents. That’s right: an advanced health care directive, …

Posted By: CFP&WM On: Jan 20th, 2014 In: Money Matters Retirement planning

When Should You Claim Your Social Security Benefits?

I would like to be able to say that there is no right or wrong answer to this question and that the answer was dependent upon your own needs, but the truth is that the wrong answer could cost you and your spouse tens of thousands of dollars over your respective and collective lifetimes.

Social Security is the federally maintained …

Posted By: CFP&WM On: Nov 11th, 2013 In: Estate planning Financial planning Investing Money Matters

Gifting Appreciated Securities: A Win-Win-Win Scenario

With the holidays and year-end quickly approaching, now would be a good time to discuss an alternative to a cash charitable donation.

While it’s certainly worthwhile when you drop your loose change into the Salvation Army kettles, there can be more tax beneficial ways to gift larger amounts.

I recently had the opportunity to speak with Laura Scharr-Bykowsky, CFP®

Posted By: CFP&WM On: Nov 6th, 2013 In: Financial planning Money Matters Taxes

Will the New Net Investment Income Tax Affect You in 2013?

The Net Investment Income Tax (NIIT) came about as a result of the government’s health care reform act. The NIIT assesses a 3.8% tax on specific net investment income and went into effect at the beginning of 2013. As the end of the year approaches, it is a good time to determine if you are impacted by this new tax.…

Posted By: CFP&WM On: Nov 4th, 2013 In: Investing Money Matters

Business Development Companies are an Investment Option with High Dividends

In this low interest rate environment many people are looking for opportunities to collect higher payouts. Business Development Companies (BDC) are a rather rapidly expanding area that may well be worth considering but only with the understanding that higher returns only comes with higher risks.

A BDC is similar to the better known venture capital or private equity fund in …

Posted By: CFP&WM On: Oct 25th, 2013 In: Investing Money Matters

The 2013 Best Rated Mutual Fund Families According to Investment Advisors

Recommendations and name recognition can be a good thing when you’re looking for a new restaurant. It makes sense to ask a friend or family member you know that has similar taste to yours. A well-known name brand might also generally be a sure bet too.

But when it comes to your investments, a friend’s referral, though surely well intentioned, …

Posted By: CFP&WM On: Oct 23rd, 2013 In: Insurance/risk mitigation Money Matters

Shopping for Medicare Part D Drug Plan is Critical

If you are covered by Medicare Part D and are not on an employer or group plan, this is critical information. Open enrollment for the Medicare Part D Drug plans started on October 15th. You have until December 7th to determine which is the best plan for you in 2014 and make the needed change. It could …

Posted By: CFP&WM On: Oct 18th, 2013 In: General info Money Matters

8 Tips to Prevent Financial Loss

It’s been said that crooks are ingenious in the ways that they exploit opportunities. The real problem is that many people provide those opportunities on a regular basis without knowing. The trick is to be less cavalier, less predictable, more thoughtful and ever vigilant to thwart those who would do you financial harm.  It is not normal for you to …

Posted By: CFP&WM On: Oct 13th, 2013 In: Investing Money Matters

What an Index Fund Reconstitution Means to Investors

Say you had a crystal ball and while gazing into it you discovered that a few days hence three particular stocks were going to be hit with enormous buy orders while a different three would have a huge sell off. What do you suppose might happen? It would not be unreasonable to assume that mere moments later traders would get …