I was meeting with a client recently and after hearing about their concerns over taxes and learning that they give to nonprofits/charities regularly, I asked them this: Have you ever heard of a Donor Advised Fund? They had not. I told them about it and it blew their minds. A Donor Advised Fund or DAF…
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3Q 2022 Market Overview
Market Review I was re-reading a book on my Kindle this week titled “Why Business People Speak Like Idiots.” The authors highlight the inability of most businesses to speak clearly and frankly especially around situations that aren’t positive. They want to sound smart so they say long sentences with jargon filled verbiage, which are really…
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How to Apply for Social Security
You made it to the age when you’ve decided to start receiving paychecks from Social Security instead of paying into it. Understand the application process You can apply for Social Security by phone, in-person or online. Here is the process: Gather the information and documents you need to apply. Complete and submit your application. Social…
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Why Are My Inflation Hedges Not Working?
In an environment of high inflation, investors search for ways to combat it in their portfolios. One of such investments you’ve probably heard about recently is TIPS or Treasury Inflation Protected Securities. TIPS are securities whose principal is tied to the Consumer Price Index (inflation). As inflation increases, the principal increases. With deflation (a general…
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2Q 2022 Market Overview
Market Update After U.S. markets entered bear market territory in the second quarter of 2022, it’s a good time to remind ourselves of some facts regarding markets and our investment philosophy. A bear market is defined as a 20% drop in an index. It should be noted that “bear markets” (20% drops) or “corrections” (10%…
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Will Inflation Ruin My Retirement?
The worry for retirees is that high inflation erodes purchasing power and increases the likelihood that portfolios cannot support their spending needs. While higher prices do affect everyone, some people will be harder hit than others – depending on where they spend their money or if they have extra money to spare. The fact is…
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