Dollars & Sense Column - Orange Town News (Reprints)

Dollars & Sense: Falling Out of Love with Your Financial Advisor

 https://orangetownnews.com/dollars-sense-falling-out-of-love-with-your-financial-advisor/

(February 6, 2020) It happens! Most people have had several financial advisor relationships over their investment lifetime. It makes sense. As investors we have different stages and financial needs during our lifetime. Your need for financial advice is quite different at age 30 than it is at age 60. Individuals change financial advisors for several reasons, but poor market performance or high fees are not always the primary reason. Communication, or lack of, is a big issue. In the new world of technology, there are several ways your advisor can communicate; however, if you have not had any communication from your advisor for long periods of time, it might be time to look elsewhere...

Dollars & Sense: 2020 Outlook: Continued Growth or Recession?

https://orangetownnews.com/dollars-sense-2020-outlook-continued-growth-or-recession/

(January 9, 2020) As we made our way through 2019, signs of softening economic conditions became increasingly apparent, even while consumer confidence remained high and job growth came in better than expected.  Now, as we look ahead to a new year, the path is somewhat unclear.  Will the economy continue in slow-growth mode?  Or will we see the recession many media and industry pundits have warned about?

Dollars & Sense: Caregiving - The Gift of Credit

https://orangetownnews.com/dollars-sense-the-gift-of-credit/

(December 12, 2019) Establishing credit is easy.  Establishing good credit is not, especially for a young adult.  Building credit is necessary if you want to take out a loan for a car, house, or even college.  It can take anywhere from months to years to reverse bad credit—so start off strong.  You can help your children get off on the right financial foot by helping them establish good credit—an incredible, priceless gift...

 

Dollars & Sense: Caregiving - The New Normal

https://orangetownnews.com/dollars-sense-caregiving-the-new-normal/

(November 21, 2019) Each year our President signs a proclamation declaring November as National Family Caregivers Month.  This year’s proclamation begins with:  “Selfless Americans across our country consistently dedicate themselves and their resources to providing ailing and aging loved ones with the care and support they need to live in their own homes and communities.  Throughout National Family Caregivers Month, we pause to recognize the men and women who tirelessly work to improve the quality of life for Americans in need of care…”

Dollars & Sense: Spooky October Markets

https://orangetownnews.com/dollars-sense-spooky-october-markets/

(October 03, 2019) What is it about the markets in October that make investors jittery?  Despite recent years of having somewhat mild October markets, investors still show hesitation at this time of year.  What exactly is the “October Effect”?  The October effect is a perceived market anomaly that stocks tend to decline during the month of October.  The October effect is considered mainly to be a psychological expectation rather than an actual phenomenon as most statistics go against the theory.  Some investors may be nervous during October because the dates of some large historical market crashes occurred during this month...

Dollars & Sense: College Bound in 2020?

https://orangetownnews.com/dollars-sense-college-bound-in-2020/

(Julu 26, 2019) A student’s senior year in high school will come with many social and academic challenges.  However, nothing is more difficult than the college application and financial aid process.  For parents the challenge will come with getting your teen to actually sit down and begin the process.  Just like many things in life, the college process is based on first come, first serve and procrastinating on this very important endeavor for your future can be costly....

Dollars & Sense: Great Summer Reads

https://orangetownnews.com/dollars-sense-great-summer-reads/

(June 27, 2019Every summer I try to capture a few great reads on financial planning.  Sounds boring, doesn’t it?  However, over the years there have been several books that have a way of making finances and money interesting and in some cases captivating.  “Reminiscences of a Stock Operator”, by Edwin Lefevre is a great example of a book that is entertaining, rich in history and still relevant despite being published more than 70 years ago.  Here are a few more that capture basic principles of investing and explore the psychological relationship we all have with money and success...

Dollars & Sense: Will I Pay Taxes On My Inheritance?

https://orangetownnews.com/dollars-sense-will-i-pay-taxes-on-my-inheritance/

(May 29, 2019) Inheritances come in many forms.  It can be anything from a family jewel, to a house or investments.  Regardless of its form, receiving an inheritance can impact your taxes.  In many instances an inheritance can inflate your overall income and potentially affect taxation of social security benefits, Medicare premiums could be adjusted and for those with college students, it can impact eligibility for financial aid.  There is nothing wrong with letting your inheritance sit until you have explored all of your options and have a full understanding of how a windfall can affect your personal taxes...

 

Dollars & Sense: Taking Mom's Financial Advice

https://orangetownnews.com/dollars-sense-taking-moms-financial-advice/

(May 02, 2019) Mother’s always know best, but yet we still question some of the advice given to us by our mom’s – especially when it comes to finances and when that advice sounds crazy and old-fashioned.  Here are some interesting topics involving mom’s financial advice...

 

Dollars & Sense: Know your Tax Facts

https://woodbridgetownnews.com/dollars-sense-know-your-tax-facts/

(March 7, 2019) Yes!  It is officially tax season and millions of American’s are scrambling to get all of their tax documents ready for their tax preparers.  In December of 2017, Congress passed the Tax Cuts & Jobs Act (TCJA) which represents the first major tax law overhaul since the Tax Reform Act of 1986.  Certainly, the TCJA effects each of us in different ways.  Let’s face it, there are no two tax returns that are identical.  Who benefits from the new tax bill?  It’s hard to say...

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