The New World of Charitable Giving

The Consulate Journal

The New World of Charitable Giving

There are many cool ways to get the greatest bang for your charitable giving buck, and this article will explore two techniques that are simple, relatively new, and effective. First is the Qualified Charitable Distribution (QCD) from an IRA. Unfortunately, this technique is only allowed if you are at least 70.5 years of age. Yes,…

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Investor Poison

If you are an investor and you want to make good investments, make sure you know how to deal with Investor Poison. Investor Poison is the media that throws story after story at you to elicit a response from you. Why would they do that? The answer is to addict you to their information. An investor must know the difference…

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Equifax Data Breach Settlement – What do you need to do?

Equifax Data Breach Settlement What do you need to do?             147 million American’s data was stolen from Equifax in 2017.  The data maintained by a credit bureau is immense and put all people affected by this breach at serious risk of Identity Theft.  Identity Theft is when someone takes your personal information and uses…

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What to Do With an Existing 401(k) Balance

On a weekly basis, we answer many personal finance questions, either for our clients or for radio listeners. The most common question asked is what to do with an existing 401(k) balance that was accrued when working for a former employer. General rules about rolling over 401(k) balances can help guide you through this process,…

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The 5-Year Roth IRA Rule

Most people know that Roth individual retirement accounts (IRAs) have a “5-year rule,” that is, you must have owned your Roth IRA for at least 5 years and be over the age of 59.5 years to withdraw earnings tax-free during retirement; however, very few seem to truly understand the details surrounding this rule. It is…

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A Voters Must Read to Tax History

There is an old saying that is worth remembering when it comes to income taxes: “Those who cannot learn from history are doomed to repeat it.” As increasingly more politicians demand that the rich pay their “fair share,” it would be wise for the less affluent to hold onto their wallets tightly. History teaches us…

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Inertia: The Number 1 Enemy of Personal Finance

To an investor, the main obstacles to wise investing are greed and fear. How often do people buy stock simply because they think that they are going to make a significant amount of money? Greed can make the most rational of investors act foolishly. On the other side of the coin, panic often increases with market volatility.…

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The Elements of Estate Planning Most Missed

Many equate estate planning with creating a will. So, when you finally get around to writing your will– a task most of us prefer avoiding rather than addressing, you feel satisfied that you took care of everything. Unfortunately, though, you are far from finished with estate planning when you complete your will. Two essential elements…

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To Extend or Not to Extend?

It seems every year most people want to have their taxes filed by April 15th, and nobody wants to file an automatic, no questions asked extension till October 15th. It seems to us as many feel they are doing something wrong if they do not file by April 15th. Many believe if you extend your…

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Investment Risk Management

It is one thing to understand the universe of investing, but it is another thing to know how to work with it. The universe of investing tells us that any investment that yields more than the safe rate of return comes with risk. Risk can be defined in many ways, but for this article, we will identify…

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