Blog Posts

  • financial-planner

    Is Inheriting Money Bad?

    February 19, 2013
    The title onscreen was “Does Wealth Poison Kids?” CNBC was telling the story of Australian entrepreneur Graham Tuckwell, who is making a charitable gift of $50 million to a university for scholarships instead of letting his children inherit that wealth. Tuckwell says, “Lots of money is poisonous to have. If ...
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  • financial-planner

    How to Hire a Financial Planner

    February 15, 2013
    I’m currently hiring a financial planner. This is a non-sales role, so I’m looking for someone with both strong technical and consultative skills. The ideal candidate needs to be able to do the work and then share their conclusions with a client and get them to act. As I interview candidates, ...
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  • Charitable Giving

    Charitable Gift Funds: A Tax Planning Tool

    February 8, 2013
    Right around Super Bowl Sunday each year, I think about charitable giving. My children’s school does a gala each year and we always go. So while many give money at the end of the year, I tend to think more about it at the beginning. If you think about ...
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  • business-owner

    How to Sell Your Business and Diversify Business Wealth

    February 4, 2013
    If you did not sell your business in 2012, you should start planning to do so sometime in the next decade. Last year saw the end of the lowest capital gains rates in decades, so many entrepreneurs had an impetus to sell their business. Yet many other business owners ...
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  • Roth Conversions

    Roth Conversions Within 401(k)s

    January 28, 2013
    In the past, I’ve written about why you should have money in pre-tax (qualified) accounts as well as after-tax (non-qualified) accounts (brokerage or bank accounts) as you enter retirement. Why have large amounts in the after-tax accounts? The advantage is that it helps ...
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  • Lost Deductions Could Mean Higher Taxes for High-Income Earners

    January 21, 2013
    If you are a couple earning more than $300,000 or an individual earning more than $250,000, tax and retirement income planning is going to change for you as a result of the fiscal cliff legislation. People with incomes above the levels I just mentioned are going to see their ...
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  • capital-gains

    Three Capital Gains Tax Planning Strategies

    January 14, 2013
    Retirement planning is both a little simpler and a little harder as a result of the fiscal cliff legislation. The American Taxpayer Relief Act (ATRA) of 2012 has changed the way many people should think about retirement income strategy. On one hand, things are simpler because the bill makes many ...
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