News

3
Aug

The Value of Collateral-Worthy Assets

The Value of “Collateral-Worthy” Assets

 

  1. When is a dollar more than a dollar, or an asset more than an asset?
  2. When you can borrow against it.

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3
Aug

This Profitable Investment is IMMUNE to Market Fluctuations

The experts say that you’ve got to put your money on the Wall Street Wheel of Fortune and risk losing it if you want to have a chance of earning 8 – 12% growth over time.

We think that’s ridiculous.

My own risk tolerance is ZERO. I won’t do anything that I believe will cause me – or a client – to lose money.

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2
Aug

The Value of Certainty

With millions of people getting ready for the Superbowl this weekend, there’s a lot of excitement and anticipation as to what is to come. One place you know will be busy is Vegas as the oddsmakers provide the opportunity to bet on just about anything related to the big game.

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2
Aug

The Tax Deferral Trap

It’s commonly understood that the best place to save for retirement is within qualified plans such as a 401k or an IRA. Ask your CPA, and he or she will likely suggest the same given the promise of deferring taxes to later in life and allowing the money to compound over long periods of time. Some may consider this a tax savings, but is it really?

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1
Aug

The Tax Code Can Be Your Friend

I am proud to be paying taxes in the United States. The only thing is I could be just as proud for half of the money. – Arthur Godfrey

I’m sure most of you have had your tax return completed or are in the process of doing so.  Depending on your situation, the latest “tax reform” may have impacted you positively or negatively.  For many I talk to, they still feel like taxes are high, but compared to historical rates, we’re actually at pretty low levels (see below graph).

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1
Aug

The Impact of Financial Mistakes

The Impact of Financial Mistakes

“I think making mistakes and discovering them for yourself is of great value, but to have someone else to point out your mistakes is a shortcut of the process.”

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29
Jul

The Hierarchy of Wealth

How strong is your financial foundation?

“You can’t build a great building on a weak foundation.  You must have a solid foundation if you’re going to have a strong superstructure.”  Gordon B. Hinckley

As it relates to our financial wealth, we must have a strong foundation to ensure our financial house doesn’t come crashing down on us when something signficant happens in the market.

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29
Jul

The Best Way to Pay for a Car (or anything for that matter)

“You finance everything you buy – you either pay interest to someone else or give up interest you could have earned otherwise”.
– R. Nelson Nash (author of Becoming your Own Banker)

When the topic of personal finances is discussed, the typical focus is on earning a higher rate of return on an investment. However, it’s much more important to think about how you use your money as opposed to where you place it.

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29
Jul

The Family Bank Guide

This past weekend I was fortunate enough to visit my hometown in New Jersey and share quality time with my younger son.  We also got to visit with my mother who is living in the area. It was so great to see her and bond with my son.

Just like many Americans it’s been well over a year since seeing our close family and friends.  However, with more and more people getting vaccinated, we’re started to see some of the freedoms we are accustomed to enjoying open up again.  I think we’ll all have a greater appreciation of the little things and especially for those who mean the most to us.

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28
Jul

Taxes Are Still on Sale

With more and more Americans obtaining their vaccinations for the COVID virus and businesses starting to open up, there is a sense of optimism that we will soon get back to “normal” soon. Living in this pandemic has certainly highlighted how precious our freedoms are, and that they should not be taken for granted. With the hopes of brighter days, there’s another looming event coming that may not be as positive.

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