The Three Ghosts of Gift Tax

Gifts are not taxable income. However, they can come back to haunt you! Be aware of the three ghosts of gift tax. The first ghost will come if you are applying for a mortgage and the bank is trying to determine where you’re getting the money for your down payment. They want to make sure …

Minimize Taxes to Build Wealth

Because we pay attention to all aspects of your financial life, we know when you can realize tax savings by: Restructuring your investment portfolio, Shifting income to dependents in lower tax brackets, Claiming appropriate office-in-home deductions, Maximizing retirement plan contributions, Identifying all the deductions that apply to your small business, Using charitable gifting strategies more …

Objective Investment Advice to Grow, Protect, and Manage Your Wealth

Growing, protecting, and managing your wealth requires answers to many questions, including: Do I buy individual stocks, mutual funds, ETFs, Treasuries, commodities, gold, or just leave my money in my savings account? How much am I really paying for my investments? What are the tax implications of the investments I select? Which investments should I …

Functional Asset Allocation for Growing Your Net Worth

Most financial planners and investment advisors focus on your investment portfolio and its performance against various indexes.  While your investment portfolio is important, it’s only part of the picture.  Your overall net worth is a much better measure of your financial well being and your ability to achieve your goals. Functional Asset Allocation is a …

The Importance of Knowing Your Risk Capacity

If you have worked with a financial advisor, you are likely to have a good understanding of risk tolerance, but you may not be as familiar with risk capacity. Both are important in determining how much risk you should be taking in your portfolio for your unique financial situation. Defining Risk Tolerance and Risk Capacity …

Launching the Finances of Your Graduate

With final exams in May and June for colleges, universities and high schools, thousands have marched for their graduation ceremonies. Whatever the age of your graduate, you should introduce them to the power of the Roth IRA. More than anything, it is an incredible gift to the young with their low taxes and time on …

A Penny Saved. . .

Benjamin Franklin was born in Boston on January 17, 1706, the 10th son of a soap maker. For the next 84 years he lived one of the most remarkable and productive lives of any American ever. Among his many achievements, he gained prominence as an author, an inventor, a political theorist, a scientist, a statesman, and a …

Tax Alpha

No investment advisor can honestly tell you that they can make you an additional 10% return on your investments. However, I can honestly say that I can, in many instances, save you 10% of your investments through good tax planning. How, you ask? I’ve got a lot of strategies. Taken altogether, they form what we’re …

Today I Might Be Crazy

Today I might be crazy. I signed up for the 2017 CrossFit Games. I have only been participating in CrossFit since last July; I am not a top athlete; I am not highly competitive; I have no hope of making it to the regional games for my age group; and I will not even rank …

Ready for Your Optimal Life?

Remember the first time an adult you respected told you, “If you’re having a difficult time deciding what is the right thing to do — just listen to your gut. Deep down, if it’s right, you’ll feel it.” That’s exactly how I felt the first time I was introduced to the concept of appreciative inquiry. …