Format: Blogs

New After-Tax Rollover Rules: Helpful and Tax Payer Friendly

While not widely used or known, some employer sponsored retirement plans, including pilot 401(k) plans, allow you to put after-tax money into the account. This is different from a Roth 401(k), which is also after-tax but subject to salary deferral contribution limits. These after-tax contributions m[...]

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The Purpose of Apple Trees and the Family Business

In a recent discussion with Mark Shiller, a highly-regarded estate planning attorney, he posed the following question – “What is the purpose of an apple tree?” I offered the natural answer: “To produce apples.” He suggested that a more accurate answer would be: "To produce more apple trees[...]

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Under the Magnifying Glass

Last week I was in New York visiting several of the money management firms we employ on our clients’ behalf. During the return trip home, I had occasion to read a number of Sir Arthur Conan Doyle’s stories about a favorite character, Sherlock Holmes. In one of the stories Holmes notes that “Th[...]

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Cyber Security — Are You Secure?

October is National Cyber Security Awareness Month and the timing is probably perfect given recent highly publicized security breaches with Home Depot, JP Morgan Chase, the iCloud and just last week the social media site Snapchat. IT departments worldwide work around the clock to protect their firm[...]

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October is a Scary Month

The current environment for stock investors can be trying. Global cross currents regarding economic growth, employment, government policy, and corporate earnings have created the first test of investors’ mettle in almost two years. We have an opportunity to use current market events to review our [...]

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Survivorship Guidance Planning

Just like a pilot’s responsibility extends well beyond the Flight Plan, wealth management means more than just having an investment plan. We view wealth management as managing all aspects of a family’s financial life. As a family, how do you prepare for the unexpected -- such as the loss of a lo[...]

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Finally, a Five Handle!

Last Friday's jobs report was significant in that for the first time since July of 2008 the unemployment rate dipped below 6%. The September report indicated that the unemployment rate fell from 6.1% to 5.9%. While we have seen improvement in labor markets for some time now, the Fed still seems to w[...]

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Family Financial Planning: Balancing What’s Right with What Matters

There are times when what is technically right conflicts with what feels right; times when expert advice offers a rational path forward to a stated objective, but conflicts with how we want to view ourselves and our impact on the world. We can have a right decision, meaning legally sound, which is n[...]

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There is No Team in King

Bill Gross has been the undisputed king of bond managers for a very long time. After 43 years at PIMCO, a firm he founded, he has moved to Janus Capital effective today. There are a number of issues that led to his departure and they provide insight into why our investment manager due diligence proc[...]

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Open Sesame

The story of Ali Baba and the forty thieves may not be as popular as it once was, but it may provide some insight into the stock market’s strength and serve as a reminder to maintain a healthy sense of respect for one’s own asset allocation strategy. It also reminds us that there is no easy path[...]

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