Author - Eve Kaplan

1
Five “No Brainer” Moves to Strengthen Your Finances
2
“It’s Greek to Me!” – Understanding the Meat in Your Investment Statements
3
High Exposure to Company Stock in Your 401K: Good or Bad?
4
Are You a Near-Sighted or a Far-Sighted Investor?
5
Five Easy Pieces of Investment Advice

Five “No Brainer” Moves to Strengthen Your Finances

by Eve Kaplan, Certified Financial Planner (TM)

 

Here are 5 “no-brainer” moves you can make before year-end to strengthen your finances:

  1. Taxes: NJ AND NY RESIDENTS ALERT: If Congress pushes through tax reform that eliminates state and local tax exemptions, many NJ and NY residents (along with MA and CA residents) will be hit with tax increases. One estimate says NJ residents, for example, will need to pony up an additional $3,500 per year in taxes. Look into prepaying a portion of your 2018 property tax by 12/31/17 and front load charitable donations intended for 2018 into 2017. Your
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“It’s Greek to Me!” – Understanding the Meat in Your Investment Statements

By Eve Kaplan, Certified Financial Planner™

When you look at your monthly investment statement, do you think “this looks like Greek to me”? Do you ignore all but the first page, after checking to see how much money you “made” or “lost” last month? If so, you’re in good company.  However, there’s a lot of meat in your investment statements so here’s a deep dive into some of the important elements:

  1. Don’t just compare changes in account value this month (vs. last month), be aware of sub-components that add or subtract value each month: e.g. “dividends and interest,” “market appreciation/depreciation”
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High Exposure to Company Stock in Your 401K: Good or Bad?

By Eve Kaplan, CFP® Professional

Is it good or bad to have a lot of employer stock in your 401k plan? It depends. Some employees accumulate company stock quickly because their company match is 100% company stock. Other employees load up on company stock because they’re bullish on their employer (and don’t fear an Enron-type recurrence). On balance, employees are holding a declining share of their 401k assets in company stock: less than 7% versus 19% in 1999*. This is generally positive trend but…in some instances it can make tax-sense to leave an employer with a heavy dose of company …

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Are You a Near-Sighted or a Far-Sighted Investor?

by Eve Kaplan, Certified Financial Planner(TM).

Are you a Near-Sighted or a Far-Sighted investor? If you’re a near-sighted investor, you probably check your investment balances frequently (even several times a day) and you feel good when your investments are up. Your focus is short-term, even though you may live another 30-50 years. Conversely, you worry or feel regret when your investments are lower. If you’re a far-sighted investor, you’re knowledgeable about your investments but you check them less frequently, you’re less worried when they decline and you may suffer less financial angst. Your focus is medium to long-term.

Like …

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Five Easy Pieces of Investment Advice

by Eve Kaplan, CFP(R) Professional

Here are Five Easy Pieces of Investment Advice that can s-t-r-e-t-c-h your investment dollars. The first 3 “Pieces of Advice” are connected. It’s a good practice to verify if your broker or advisor is following these tips or not (I’m always amazed to see how many money managers disregard these commonsense ideas and cost their clients more money):

  1. Location, Location, Location

Different types of investments fit better in taxable accounts (funded with after-tax money) vs.  tax-deferred accounts (e.g. IRAs, 401ks) vs. accounts that never will be taxed (Roth IRAs or Roth 401ks). While one investor …

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