ask the cfp
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Welcome to this month’s Ask the CFP® segment. Today we’ll talk about how we keep your investment portfolio on track over time. This is commonly known as rebalancing. A long-term investment portfolio should be well…
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Planning a trip is exciting, inspiring…and nerve-wracking. As you compare options, piece together the details, make deposits, and purchase tickets, the whirlwind of anticipation can quickly be derailed by “what ifs…” What if one of…
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Jan. 2024 Welcome to this month’s Ask the CFP® segment. Today, we’ll talk about making the shift from saving to spending when you retire. Can you remember your first paid job? Maybe it was…
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Hello everyone and welcome to this month’s Ask the CFP® segment. This month’s question is, “How much life insurance do I need?” As with many financial questions, the answer is unique to each and…
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Hello everyone, and welcome to this month’s Ask the CFP® segment. This month’s question is, “How do I maximize the tax benefits of charitable gifts?” If you’re charitably inclined, you’re already doing a wonderful thing…
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Hello everyone and welcome to this month’s Ask the CFP® segment. This month’s question is, “How do I find my 401(k) expenses? We all know there’s no such thing as a free lunch. 401(k) plans…
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Hello and welcome to this month’s Ask the CFP® segment. This month’s question is, “What is the kiddie tax?” The “kiddie tax” is officially known as the Tax on A Child’s Investment and Other…
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Welcome to this month’s Ask the CFP® segment. This month’s question is, “Why do CDs and bonds lose value when interest rates increase? When you think of a certificate of deposit, or CD, at…
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Hello everyone and welcome to this month’s Ask the CFP® segment. This month’s question is, “Why are POAs important and how do they work?” A power of attorney – or POA is a legally…
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We love this question because the Medicare surcharge, also known as IRMAA, can be costly if someone isn’t aware of it. While IRMAA may sound like a nice lady that lives down the street from…
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In this installment of Ask the CFP ®, our question is Why don’t wills avoid probate? We are frequently asked whether a will is subject to going through probate. There is a common misconception…
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Welcome to Ask the CFP®! In this episode, I’m addressing the question: should I use an Adjustable-Rate Mortgage? Unlike traditional fixed-rate mortgages, adjustable-rate mortgages – commonly referred to as ARMs – have an interest rate…
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Hello! This month’s Ask the CFP ® question is “When should I begin taking Social Security?” This is a question we hear often, and the answer is…it depends. You can begin drawing Social Security benefits…
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This month’s Ask the CFP® question is What did Congress change in SECURE Act 2.0? Within the large appropriations bill passed by Congress in December of 2022 were multiple changes to retirement accounts and tax…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “how should I handle a family member asking for money?” Money is a powerful force. It can empower charities…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “how much risk should I take with my investments?” Imagine for a moment that you could play a game…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “what should I teach my teenagers about money?” There are a few skills in life that can payoff greatly…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “how do I avoid probate with real estate?” If you’re familiar with probate court, you may know it can take…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “how do I avoid probate with real estate?” If you’re familiar with probate court, you may know it can take…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “what is a stock split and why do companies do them?” Stock splits are a common strategy used by publicly…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “how does the Federal Reserve Bank raising rates affect me?” It’s common knowledge today that interest rates are increasing to…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “Can I borrow from my own portfolio?” People often associate debt with poor financial decisions. We’re usually taught in our…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “How do 529 college plans affect financial aid?” While many of our clients aren’t focused on financial aid opportunities due…
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Hello everyone and welcome to this month’s Ask the CFP segment. This month’s question is, “How can I avoid the Net Investment Income Tax?” For those not familiar with this tax, the Net Investment Income…