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PFA Ponderings

(Student Loan) Forgiveness is Divine!

By | PFA Ponderings

Among recent headlines, billionaire Robert F. Smith announced that he would pay off the student loan debt of the entire Moorehouse College graduating class of 2019.  A number of presidential candidates, including President Trump, are running on ways to reduce the burden of student debt, ranging from small incremental steps…

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Becoming poor on purpose.

By | PFA Ponderings

99 percent of the time, when clients sit with us and go over their finances, they are happy to see increases in their net worth, and disappointed to see decreases. Sometimes, however, folks come in with the complete opposite objective.  Every once in a while, someone seeks strategies for decreasing…

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Was there REALLY a tax cut?

By | PFA Ponderings

The Tax Cuts and Jobs Act of 2017 (TCJA) went into effect for the 2018 tax year. For most of us, that means we’ve just completed our first tax season under the new rules. At first blush, it appeared to me that the vast majority of our clients would see…

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ETFs vs. Mutual Funds

By | PFA Ponderings

The world of stocks and bonds has invaded the average household over the last 40 years, and the 401(k) is to blame.  Investing in the capital markets was long the territory of the Country Club set, but the shifting of investing responsibility onto the workers, largely in the form of…

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Slow down. You move too fast.

By | PFA Ponderings

“Time is what we want most, but what we use worst” -William Penn Time is perhaps the most powerful force in money management. With enough of it, any of us can be the next Warren Buffett.  The “Oracle of Omaha” certainly has smarts to burn. But just as importantly, he’s…

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