When you’re considering giving money to a charitable organization, especially if the gift is significant, it’s vital to know that the money is going to a worthy place. You want to be absolutely clear on the organization’s mission, and you’ll want to be comfortable that your hard-earned money will be…
If you’re like me, you’ve accumulated a tidy stack of those cool-looking Series EE bonds over time. Mine came from occasional gifts from my grandparents, and payroll deduction programs from my first couple jobs. And, if you’re like me, those bonds are long-gone, used to purchase a 1978 Chrysler Cordoba…
Happy 2020! All of us here at PFA pass along our best wishes for you in the coming decade. May the 20’s really be ‘roaring’ (and may they not end like the 1920s did!) Right off the bat, we’ve got an interesting new set of tax rules to learn. In…
You’ve worked hard all your life to provide for yourself and your family. You’ve also diligently put aside for your retirement. Your kids are grown and educated, on their own and self-sufficient. Meanwhile, WE have been working hard. We’ve consistently updated your long-term income plan and have helped you to…
Tis the season – when charitable gifting moves to the front of our minds. It’s not just that the spirit of giving is more palpable during the holiday season… At this time of year, plenty of reminders arrive in the mailbox each day; worthy causes and organizations are looking for…
Individual Retirement Accounts are great for one major reason… taxes are deferred until distributions are taken, sometimes on contributions and always on growth. Deferral of taxation can be helpful in two ways: First off, taxes aren’t coming out of the account to pay for regular growth, dividends and interest, so…
As the ‘wealth management’ industry moves from the old ‘stock broker’ model to the fee-based Registered Investment Advisor structure, one question seems to be a little less straight-forward: “Where is my money held?” In the ‘good old days’, the answer was pretty simple: “My broker works for E.F. Hutton” implies:…
There’s plenty of conventional wisdom out there (and Google search results) surrounding the question of “When is it time to work with a Financial Planner?” This week, we’ll touch briefly on the ‘usuals’. These are the things that any newspaper, magazine or uncle tackling the question will tend to provide…
There might not be many areas with more confounding terminology than that of investing. Even some of the very basic terms and concepts can leave you scratching your head. An example of this: Portfolios are often referred to as ‘growth portfolios’ or ‘income portfolios’. Sometimes, we’ll get really clever and…
By Kerry Peabody, CLU, CLTC, Long Term Care Insurance Specialist Say “long term care” and everyone immediately pictures a 94-year-old woman tucked away in a nursing home. It’s that perception that prevents many people from planning for long term care. Nobody wants to envision themselves in a nursing home, so…
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