How President Biden’s New Tax Plan Could Affect You
Much of Biden’s tax plan focuses on raising taxes for high earners, corporations, and capital gains.
Quarter in Charts – Q3 2020
COVID-19 Still Hits Hard “What a year this week has been.” That was the response I got from a friend when I asked him how things were going. And it is probably what most of us have felt as we process COVID-19, the economy, elections, and the market on top of managing work, family, school,…
5 Item Checklist For New Dentists
Swimming has specific markers that you can use to predict someone’s potential. For instance, if you were to judge a group of strangers from afar to see who had the most significant swimming promise, you would look for physical markers that set them apart before they even got in a pool. These markers would be…
Quarter in Charts – Q2 2020
So, How Was Your Day? Your Quarter? Your Year? It’s hard to wrap my mind around the wildly different experiences we’ve all had over the last four months. For every quarantined person who has learned to bake sourdough, many more kids aren’t getting their school lunches. For anyone who has realized they can do their…
Working From Home: Can I Deduct That?
This summer as I’ve flipped the April, May, and June pages in the 2020 paper calendar, filled with photos featuring kids’ and grandkids’ events from 2019, I’ve wondered what photos will fill my 2021 Shutterfly calendar: making sourdough bread, more photos of dogs than grandkids, and photos of finally finished jigsaw puzzles? Who thought we’d…
Kids & Money – Greenlight: A Solution to Help Kids Save, Spend, Give & Invest
A couple of years ago, I wrote a blog post about how my wife and I are teaching our three kids about money. I covered the basic principles we’re trying to instill (Simplicity, Giving, Discipline, Compounding, Enjoyment, Responsibility, and Hard Work) and how those show up practically. While we have loved teaching these principles, the…
Should I Refinance My Home?
In case you haven’t heard, mortgage rates are the lowest they have ever been. The chart below shows average mortgage rates over the past 49 years, from 1971 to 2020. Currently, the 30-year mortgage has an average rate of 3.17%. You can view the chart above and edit the timeline yourself in order to see…
The Price Is Right, Or Is It?
The Price is Right has been running on TV for 48 years, can you believe it? Watching the show with my 84-year old Dad, after he moved from Chattanooga to Greensboro in 1992, is one of my favorite memories. We would roar with laughter at our correct guesses, and stare at the TV in wide-eyed…
CARES Act | Corona Virus | COVID-19 | Economics | Financial Advisor | Financial Planning | Market Commentary
Quarter in Charts – Q1 2020
From an economic and investment perspective, saying that the first quarter (particularly March), was without precedent is an understatement. Investors experienced the fastest bear market (from Peak to -20%) ever recorded in US stocks. But it wasn’t just down days that we experienced; we had plenty of dramatic positive days as well. As Nick Maggiulli…
Behavioral Finance | Corona Virus | COVID-19 | Financial Advisor | Financial Planning | Planning Tips
Three Financial Planning Strategies During a Down Market
I remember the first time I had the wind knocked out of me. The day was unseasonably warm, and I was 8, lying in my dad’s arms in a hammock. I started to doze off and rolled out of the hammock, falling back-first onto the Mexican tile. I remember gasping for air, but I had…