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What You Should Know About the New IRS Voluntary Education Program.

What You Should Know About the New IRS Voluntary Education Program.

October 23, 2014

Is the person preparing your tax returns qualified to do so? With 60% of tax return preparers operating without any oversight or education requirement, the Internal Revenue Service wants to identify qualified preparers. But a district court struck down IRS regulations creating the Registered Tax Return Preparer (RTRP) designation in 2013, so now the IRS […]

That Life Insurance in Your Trust—How’s it Doing?

That Life Insurance in Your Trust—How’s it Doing?

September 08, 2014

If you have cash value life insurance parked within a trust, do you have any idea how those policies are performing? Don’t you think you should? Lately we’ve fielded an unusually high volume of requests to audit life insurance performance, especially from people who have policies held within a trust with banks acting as a […]

Tis the Season to be Responsive in Your Personal Finances

Tis the Season to be Proactive in Your Personal Finances

December 18, 2013

Many people believe that “if it’s not broken, then don’t fix it,” as it relates to their personal and financial wellbeing. Unfortunately, just waiting until something breaks is a terrible strategy. We all have professional advisors we depend upon to keep our affairs up to date. But, realistically, we can’t expect them to be tuned […]

Shouldn't "fee only" mean you only get paid by fees?

Shouldn’t “fee only” mean you only get paid by fees?

October 16, 2013

If you want trustworthy, objective financial advice, you should be willing to pay for it. That’s the general appeal of the “fee only” financial advisor. When your advisor’s only source of income is fees collected from you and other investors, his only incentive is to dispense the best possible advice for each client. But an […]

Why Don’t You Trust Your Financial Advisors?

September 11, 2013

If you don’t trust your investment advisor with your complete financial picture, and a bad trade devastates your portfolio, who’s to blame? You. If you don’t trust your insurance agent with your complete financial picture, and a policy doesn’t address your true long-term needs, who’s to blame? You. If you don’t trust your accountant with […]

Life Insurance Illustrations Don’t Give You an Accurate Picture

August 28, 2013

I can’t tell you how many times I’ve warned people about the dangers of life insurance illustrations. I even spelled it out in a paper I wrote last year. Most life policies are complex hybrids, part death benefit and part investment product, so I don’t blame agents or insurance companies for wanting to demonstrate how […]

The Only Three Reasons to Start Your Own Business

The Only Three Reasons to Start Your Own Business

July 24, 2013

It must be a great time to be an entrepreneur. From college grads launching digital startups to older workers opening new ventures, you’d think there were dozens of reasons to start a business. In reality, there are only three. Being your own boss sounds great, but by itself it’s not a good enough reason to […]