Sailing the Seas of RetirementApr 1, 2015 | Wealth Management
Shortly before Lee Wachstetter’s husband passed away, he told her to keep on cruisin’. Mama Lee, as she is now known, took it to heart and now this vibrant 86 year old gal is sailing the seas every day aboard Crystal Cruises’ Serenity. There are certainly plenty of perks. On board she gets several meals a day, cock...
Digital Assets RevisitedFeb 17, 2015 | Wealth Management
Last year I discussed the need for and potential challenges of planning for your digital estate. A few days ago, Facebook took steps to address this digital debate by allowing users to assign a “legacy contact” for their account. This person would work like a digital executor and take control over many a...
Revocable Trust and POAJan 20, 2015 | Wealth Management
So you have your POA.....do you still need a revocable living trust? Maybe. This recent New York Times article offers some perspective.
Senior Wealth Advisor
Of Turkey and WillsNov 25, 2014 | Wealth Management
There is nothing like a big Thanksgiving dinner surrounded by family (and also surrounded by my mom’s homemade dumplings!). And as you enjoy this family theatre, it is a perfect time to think about how you can further help your loved ones by considering what will happen to all your assets after you take your final bow…after you exit stage left…after your final curtain….you get the point.
The best gift you can give your family this holiday seas...
Potential game changer for family transfer of ArtNov 4, 2014 | Wealth Management
Partial ownership of art has historically not been granted valuation discounts for estate tax purposes such as those enjoyed by Family Limited Partnerships. However, this recent case detailed in the New York Times may change how ownership of art is structured for wealthy families as this family was able to attain substantial partial ownership valuation discount...
Stocks recover!Oct 17, 2014 | Wealth Management
After being in free-fall over the past few weeks, stocks have turned positive on Friday after a string of upbeat readings on the economy, particularly regarding labor, industrial production and housing starts. Also, global central banks seemed poised to "grease the wheel" with more stimulus. Domestic stocks are in the beginning of earnings season and ...
The Biology of RiskJul 2, 2014 | Wealth Management
During a USA World Cup soccer match, my emotions can sometimes get the best of me. Emotions can be fine during a soccer match, but not regarding your investments. This NY Times article describes the strong reactions our bodies have to risk. However, I believe when you add strong emotions (such as investors managing their own investments) to risk, this can trigger a "panic" like physiological...
Digital EstateJun 12, 2014 | Wealth Management
In the ‘80’s, Madonna was singing “I’m living in the material world, because I’m a material girl.” However, fast forward to 2014, you need to replace the word “material” with “digital”.
Lessons from DadApr 22, 2014 | Wealth Management
Sometimes, it’s just better to learn from the mistakes of others. Liz Ozaist had a hands-on education on managing an estate with inadequate, or in this case, no estate plan. Last year she wrote an article in Forbes titled “What My Dad’s Death Taught Me About Money” in an effort to help people understand the importanc...
It's a small world after allFeb 4, 2014 | Wealth Management
To understand investing today, you must familiarize yourself with the magical words from Mickey’s Kingdom: "It’s a small world after all." Much of the recent downturn in the market has been fueled by challenges overseas as emerging markets continue to suffer from concerns about 1) downward pressure on their currencies resulting in higher interest rates, 2) assets being moved to stronger currencies adding further headwinds to already fragile economies, and 3) a downturn i...
Happy New Year!Jan 6, 2014 | Wealth Management
Equities rang in the new year by taking a bit of a breather. As investors decided to take some of the profits that the Santa Claus rally had left in their stockings, the Dow lost 135 points on 2014's first trading day, though it regained much of that the following day. The other three domestic indices fared slightly worse, though not as badly as the Global Dow. Meanwhile, gold showed signs of new life after its disastrous 2013, jumping nearly 3% in the first two days ...
Retirement Party!Oct 28, 2013 | Wealth Management
Let us help you plan your retirement party!
If you are nearing retirement or your employer has offered an early retirement program similar to the Next Step Program offered at Toyota Motor Manufacturing Kentucky, we encourage you to give us a call. We get to know you and your family and help you navigate your 401(k) rollover into an IRA and establish an investment program that h...
When there's a will, there's still a way to have a complete mess!Oct 10, 2013 | Wealth Management
Regardless of how well worded your will, or how exquisite your trust, if you forget to update your beneficiary designations on your retirement plans and insurance policies, you are leaving a potential disaster.
He left his fortune to no one!Sep 17, 2013 | Wealth Management
“He was a very smart man but he died like an idiot,” said Paul Skurka of his friend Roman Blum who died last year with an estate worth around $40 million, and, as you probably guessed, no will. Mr. Blum’s story is rather amazing from being a holocaust survivor to a very successful real estate developer...
And down the stretch they come!Aug 7, 2013 | Wealth Management