Since the Presidential Election almost a year and a half ago, the U.S. stock market has run UP nicely. Some investors praise President Donald Trump for passing the new laws, many wish he was never elected and others just shrug their shoulders. Regardless of who you voted for (or against) for the White House, the stock market reached new highs and share prices have soared above their historical averages.
The reality is for most of our clients: they are witnessing . . .
It was rough in the stock market over the last week. On Monday, February 6th, the Dow Jones Average fell 1,100 points. That’s a lot of points, but it’s not the whole story. While the media draws you in with a bold scary headline they did not explain or support why the market dropped so suddenly.
Allow me to share with you a story from a long time ago…
In the late 1980’s after graduating college, I moved into an apartment that was rather basic . . .
Author: Robert Falcon, CPA, MBA, Candidate for CFP® Certification
Release Date: 2/6/18
IRAs and 401(k)s today are the main source of retirement funds for new retirees. These have replaced the defined benefit pension plans that your parents and grandparents relied on upon to fund their retirements. Unfortunately, many avid savers in IRAs and 401(k) plans may not realize they are setting themselves up to pay huge tax liabilities when they are forced to take mandatory withdrawals when they turn 70 1/2. Even with the lower tax rates enacted in December 2017, some married retirees . . .
Author: Robert Falcon, CPA/PFS, MBA, CFP® Candidate
Release Date: 11/21/17
Just after Halloween, I attended a college planning session at a local high school that was put on by two experienced college planning professionals. While the first hour of their presentation was informative, toward the end of the session, misstatements and exaggerations were made and pressure tactics employed to motivate the attendees to act right then and there. As with any big financial decision, parents should get a second opinion on the financial advice they are given by so-called . . .
Harvesting (Selling) High and Planting (Buying) Low
Author: Robert Falcon, CPA, MBA, CFP® Candidate
Release Date: 7/12/17
I spent quite a bit of time weeding and managing my vegetable garden this weekend. While fertilizing and watering my tomatoes and peppers, I caught numerous fragrant whiffs of my Genovese basil, telling me in no uncertain terms that summer has arrived. While some of my basil will be used in making spaghetti sauce (a/k/a gravy here in Philadelphia) and Caprese salad (fresh mozzarella, garden tomatoes, balsamic, and olive oil), most of it will be ground with pine nuts, garlic, and olive oil . . .