The Basics of Medicaid Planning

Posted Leave a commentPosted in estate plannng, Ethics, Financial Planning, Health and wellness, Health Insurance, Legal, Real Estate, Wealth Management

This blog post lists key issues in bullet format and is not intended as a complete discussion of any issue. A more thorough consideration is helpful for any aspect that may pertain to your family’s situation. Definition: “Medicaid planning” refers to the specialized field of financial planning that recognizes that it is possible to simultaneously keep financial assets while, […]

Terminology of Federal Income Taxes

Posted Leave a commentPosted in Tax Planning, Taxes, Wealth Management

Lately we’ve heard plenty of discussion about tax law. It seems especially common right now when tax terms have come up multiple times in casual conversation this past week at coffee, family dinner and email from a client. In some cases the terms are misused or misunderstood. Like many types of discussion, meaningful communication depends […]

Good for CPAs, Bad for RIAs

Posted Leave a commentPosted in Investment, Tax Planning, Wealth Management

As great as this tax bill is for CPAs who offer tax planning services, it is just as bad for investment advisers. Here’s why: RIAs do not benefit from the 20% deduction of pass-through entity income. RIAs tend to have high state, local and property taxes. Limiting this deduction, along with elimination of the personal […]

Fiduciary Rule will shake up the financial services industry

Posted Leave a commentPosted in Accounting, Financial Planning, Investment, Wealth Management

Most of us in the financial services or advisory professions are generally aware of the impact of the “Fiduciary Rule”.  But few, including myself, has any in-depth understanding of the scope of its impact. This well-written explanation of the fiduciary rule comes from a training material for financial service professionals. I added the emphasis. “In […]

Are you a financial revolutionist?

Posted Leave a commentPosted in Financial Planning, News and Politics, Values, Wealth Management

A revolutionist is someone who wants to change the world — not just sitting around talking about it, but actually doing something to bring about change. If that describes your approach to personal financial management, then I’d love to have a conversation about what you are doing now and what else can be done to improve […]

$100,000,000,000,000 (Wealth Inequity in America)

Posted 1 CommentPosted in Financial Planning, Investment, News and Politics, Wealth Management

One hundred trillion dollars. That’s the total net worth of all Americans in 2017*.  It’s a staggering number. For practical discussion purposes, we might say that figure is the net worth of rich Americans. The top 160,000 households (one tenth of one percent) control a quarter of this wealth.  About half of all this U.S. wealth […]

“Putting America First”

Posted Leave a commentPosted in Ethics, Leadership, News and Politics, Wealth Management

This week the president-elect said “My agenda will be based on a simple core principle, putting America first”. Perhaps no single sentence could state so succinctly what is wrong with Trump’s thinking.  This strategy may have worked well in building a real estate empire but it is just as likely to lead to disaster, tragedy, […]