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Thoughts from the Founder


When Donating, Please Don't Use Cash Thumbnail

When Donating, Please Don't Use Cash

With the passage of the Tax Cuts and Jobs Act of 2017, a sea change of tax changes of all taxpayers in aggregate came to the fore. Amongst the myriad of changes were modifications to Itemized Deductions. The net of the Itemized Deduction changes resulted in a significant number of taxpayers switching from Itemizing to using only the Standard Deduction. With this change came significant impacts to Charitable giving.

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A Stealth Roth IRA for Retirees Thumbnail

A Stealth Roth IRA for Retirees

I want to illustrate what today I will call the "Stealth Roth IRA". I am using this name because what I will describe today is not a Roth IRA. Rather, it is a Traditional IRA dressed-up in Roth IRA clothing.

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A Pilgrimage to Poland:  40 Years Later Thumbnail

A Pilgrimage to Poland: 40 Years Later

This week's topic seemingly diverges significantly from Financial Planning. We venture back 40 years to June, 1979 where a young Pope John Paul II, the 264th Pope and first non-Italian Pope in centuries, is less than one year into his papacy. A relatively young Pope at 59 years old, Pope John Paul II is the first Polish Pope ever and he is returning to his homeland for the first time as leader of the Catholic Church. Poland his homeland, is controlled by Communist leaders aligned with the Soviet leadership of the time. Pope John Paul II originally desired to come back to Poland to celebrate the martyrdom of Saint Stanislaus in April, 1979. The communist leaders rejected this request and instead granted permission for Pope John Paul II to come to Poland in June, 1979...this was a decision they would come to regret.

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Anti-Fragility and The Barbell Approach to Personal Finance Thumbnail

Anti-Fragility and The Barbell Approach to Personal Finance

This week's article is a little deeper and more philosophical than most of what I write. The source material comes from a book I recently finished titled Anti-Fragile: Things That Gain From Disorder by Nassim Nicholas Taleb. You may know his other work - Fooled by Randomness - more than this title. To say Mr. Taleb is well-read, philosophical, and a renaissance man would be an understatement.

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A Simple Tax Avoidance Strategy for Parents Thumbnail

A Simple Tax Avoidance Strategy for Parents

Taxes are a four letter word for most people. In my service as a financial professional, income taxes - or of any kind for that matter - are one of the more detested line items in Client budgets. Of course, few people "like" paying taxes. Therefore, in keeping with Judge Learned Hand's famous quote, "Anyone may arrange his affairs so that his taxes shall be as low as possible", here is a simple strategy any parent can consider.

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