Author: Brent Lemieux CFA® CPA No, I’m not talking about your political biases even though we all have those whether we care to admit it or not. I’m talking about your investment biases, in particular "recency bias", and how it negatively impacts our portfolios in good times and scary … [Read more...]
The Election and Your Biases
What’s Wrong With My “Savings”?
Author: Emily Tierney CFP® Is your savings for a new car you’ve been stashing away for? Is it for a cash reserve for emergencies? Will you use these savings for retirement income? Don’t get me wrong, having savings is fantastic but can you answer this question: What’s the purpose of your … [Read more...]
What You Should Know About Dialing 211
Author: Emily Tierney CFP® Americans know that at any time they can pick up the phone and dial 911 to immediately access an emergency dispatch office. What about dialing 211? A client recently mentioned this to me and I think it is something everyone should know about. When you dial 211 from … [Read more...]
Beware of Fee-Only Advisors
Author: Darrell R. Tierney CFP® CPA PFS Choosing a professional is difficult, particularly a financial advisor. Unlike doctors, lawyers and CPA’s, anyone can call themselves a “financial planner.” The term is of no help to the public. To protect yourself, I suggest you look for two criteria. Make … [Read more...]
Too Good To Be True Tax Planning
Author: Darrell R. Tierney CFP® CPA PFS Let’s talk about one of the best Federal income tax benefits available. Most tax benefits are symmetrical. If your account contributions are deductible (i.e. a traditional IRA), your account distributions are taxable. Similarly, if your contributions are … [Read more...]