Am I eligible to Convert my Traditional IRA to a Roth IRA?
Managing Risk
How often do you look at your portfolio? We have clients who look at it every day and others that only check it quarterly. Volatile markets tend to make people a little more nervous about how their investments are performing, and we believe it causes them to look at...
NFL Draft
We must admit a guilty pleasure to you: We follow the NFL draft, when NFL football teams poke, prod, test, and time former college football players who seek to play in the league and earn the millions of dollars a year professional players are often paid. It is a...
Avoid financial products with surrender charges
Wall Street creates financial products for one reason, to make Wall Street money. As investors we need to be aware that this is a common occurrence. We need to be smart about where we invest our money. Financial products that are sold with a commission attached...
Form 1099s
IRS Form 1099 is used to report various types of income received by individuals or businesses. Its purpose is to inform the IRS about income that may be subject to taxation. If you receive a Form 1099, you are required to report the income on your tax return. There...
18 Year Old
Congratulations! Your child just turned 18 and is a legal adult. While you're undoubtedly thinking about college, jobs, and life after high school for your child, you also need to consider some legal documents that are not necessarily intuitive when thinking of...
Berkshire – Peak to Trough
Do you own shares of Berkshire Hathaway? You probably do. And you might know that Warren Buffett (perhaps the most successful investor ever) is the CEO of Berkshire and manages it conservatively. Berkshire owns a broadly diversified collection of more than 100...
Sacrificial Lamb
I took Latin in high school to satisfy my foreign language requirement, choosing it because I was interested in mythology taught in the class. I found the stories fascinating. One thing we learned about was haruspicy (huh-ruhs-puh-see). Haruspicy...
Gilligan’s Island
We hope you had a happy Thanksgiving full of friends, family, and fun. The stock market is down so far in 2022, so many people are assessing their portfolios. A good way to do this is through the Gilligan's Island test, named after the 1960s TV show where a shipwreck...
Bigger Is Not Always Better
A prospective client called the other day, concerned about the lack of attention from her current Financial Advisor. I asked her a few questions and realized why this was happening. It made me think that her situation was no different than many of yours. Her...