Ancillary Expenses: How Much Does College Really Cost?

Originally posted on Wed, Novemeber 7, 2018

While they make up the lion’s share of the costs, tuition is not the only expense college students incur. Students (or parents who are helping to pay for college) will also need to consider ancillary costs like books, meal plans, travel, and extracurricular activities.

Read the full article...

Define Retirement: Volunteering Could Be a Win-Win for Retirees

In order to retire the way you want to, when you want to, and as financially stable as you want to, it takes a good, solid financial plan and usually, the work of an expert financial advisor. (Will you be able to outlive your money? Are you able to leave a legacy? Are your loved ones taken care of when you’re gone?) However, when it comes time to define retirement, the definition looks different to different people.

Read the full article...

Should I Buy Long-Term Care Insurance?

Originally posted in the Baltimore Business Journal on November 2, 2018

As much as we look forward to our retirement, where we hope to spend more time with family, travel, or indulge in our hobbies, statistically, there is a high likelihood we may become ill at some point and require long-term care. Just like any other risks – life, disability, automobile, home – we need to determine if we should shift this risk to an insurance company or accept the risk.

Read the full article...

The New Way to Pay for Private Education

Originally posted in the Baltimore Business Journal on October 26, 2018

Every parent wants the best for their children; nice friends, excelling in sports or other hobbies, and of course the best education. When it comes to education, the focus is typically around saving for the extraordinary expense of college, but for some parents, education costs may start much earlier. Whether you’ve just had a baby or you are sending your child to high school (or anywhere in between!), your top worry may be saving for the more immediate need: private school.

Read the full article...

Executive Compensation: What You Should Know

Originally posted in the Baltimore Business Journal on September 20,2018

In 2017, the median pay of CEOs of the biggest U.S. companies in the S&P 500 reached $12.1 million 1, a post-recession high. While not all executive compensation will reach this level, the median salary for a Russell 3000 CEO was still over $3 million2 in 2017. With eye-popping figures like those, it makes you wonder what exactly executive compensation packages consist of.

Read the full article...

What Types of Financial Services Do You Need If Running a Family Business?

When searching for a financial advisor, it’s important to know that there are many types of financial services companies out there, and you need to find the best who will provide the services you need.

Read the full article...

Your Financial Advisor and the TCJA; Notable Tax Changes for Homeowners

Originally published on Paladin Registry on August 21, 2018

A good financial plan takes in many different considerations. Investments, of course, are a top priority, but a good financial advisor should also understand your retirement plans, financial goals (kids’ college funds, care for aging parents, etc.) and tax concerns. Topics that may not be part of a firm’s expertise should be followed up with a true professional. Your advisor may be able to recommend someone.

Read the full article...

Private Sector Trends: Employee Financial Wellness

Originally published in the Baltimore Business Journal on August 17, 2018

Financial wellness training and tools have emerged as attractive workplace benefits in recent years. Companies that help employees improve their money management skills, manage debt, and alleviate financial stress and worry can reap dividends in the form of increased productivity and job satisfaction.

Read the full article...

Stack Up Charitable Giving for More Tax Impact

Originally published in the Baltimore Business Journal on July 20, 2018

Charitable giving and its associated tax benefits will be a more complicated proposition in 2018 and beyond, thanks to the enactment of the 2017 Tax Cuts and Jobs Act (TCJA). But with proper planning, many taxpayers will be able to continue to support their favorite philanthropic causes while reducing their tax bills.

Read the full article...

SRI/ESG Investing: What You Should Know

Originally posted on Mon, July 30, 2018

Deciding how to invest can be complicated. Naturally, you want to choose investments with a good rate of return, but you may also want to invest in companies whose values align with your own. That’s where Socially Responsible Investing (SRI) comes into play.

Read the full article...