Archive - 2017

1
The 3 Main Investment Styles: Pros and Cons
2
Tax Time To-Do List
3
It’s as Easy as ABC, 123, 401(k) and 403(b)
4
Financial Planning and Early Dementia
5
Filing for Social Security Survivor Benefit alone, preserving Retirement for later

The 3 Main Investment Styles: Pros and Cons

By Eve Kaplan, CFP®

There are pros and cons to investing in the three main investment styles: active, passive and “evidence-based investing.” The benefits of “evidence-based investing” will be clearer after reviewing “active” vs. “passive” investing styles.

1. Active Investing through Mutual Funds: “Active” investors aim to “beat the market” (or a portion of a market) by investing in a large number of holdings through mutual funds and some Exchange Traded Funds (ETFs). The theory of doing better than the market sounds great but does it work well in practice? As a former active mutual fund manager, I can say: …

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Tax Time To-Do List

Now that tax time is around the corner I thought I’d put together a handy guide in case you find yourself in need of delegating your tax prep and return to our firm. As a reminder, both Jim and I are enrolled agents with the IRS and in addition to federal taxes we are capable of preparing and filing your state (nationwide) tax return as well. Here are some items to gather and consider.

  1. Organize your W2s. Gather all of your tax information from your respective employer(s). This also includes any 1099-MISC income if you operated as an independent contractor.
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It’s as Easy as ABC, 123, 401(k) and 403(b)

All fields have their own industry jargon and alphabet soup of abbreviations, but the investment world just might have the most. In the U.S. alone, there are 4,000 publicly traded companies, over 1,400 exchange traded funds (ETFs) and over 9,000 mutual funds, each with its own ticker. Tickers range from the cutesy (like WOOF, the ticker of a chain of veterinary hospitals) to the cryptic (the ticker JASBX doesn’t tell you much about the bond fund it represents). On top of that, the accounts used to hold your investments are often named according to the subsection of the tax code …

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Financial Planning and Early Dementia

A woman we know that was diagnosed early with Alzheimer’s decided to go Disney World with her children and grandchildren that same year while she could still enjoy it and to give them a memorable trip before she started to decline.

That is one way to handle such a diagnosis.

In “Facing financial reality when early dementia is diagnosed,” The Washington Post discusses more serious matters and some of the financial repercussions of the disease, noting that mishandling money and leaving bills unpaid can be sometimes be one of the signs of dementia. Even if someone does not …

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Filing for Social Security Survivor Benefit alone, preserving Retirement for later

After all of the changes that have been put in place for Social Security benefits in the past year, there is still one situation that allows for some planning. Knowing about this situation can help if you happen to be in the right circumstances.

If your spouse has passed away and you are due a Survivor Benefit, there may be a strategy for you to maximize benefits. This is because, of all types of Social Security benefits, the Survivor Benefit may still be filed for separately from the Retirement benefit based on your own record.

Why would you want to …

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