It’s that wonderful time of the year again – tax prep season! That said, we want to provide a brief overview of the changes to the income tax rules and limits as well as answer any questions related to the tax-related documents you may need when filing your return. The first thing you should know […]
Do you ever get inspired by someone you meet who has a distinct goal or discipline? Someone who makes you think, “I can get behind that!” Recently I was speaking with a couple and they mentioned they kickstart each new year by not only doing a dietary detox but a financial detox as well. During […]
There’s been a lot of buzz lately about I-Bonds after the Treasury announced in November that I-Bonds issued through April 2022 will earn an interest rate of 7.12%. So how do you get in on this historically high rate, and is it the right type of investment for you? As with most investment questions – […]
Will we ever one day become accustomed to stock market volatility? I often ask myself this question, especially following the prolonged rise in equity markets experienced over the past 18 months. The good news is that based on history, it will be only a matter of time before a market correction occurs. With that said, […]
When I began my career about 35 years ago, a contractor friend of mine gave me some very good advice that I instituted early on in my office, and it was this: If you want to develop trust, start by being trustworthy in the small things. He used the example of the use of postage […]
Having a four-year-old means one day (and I am in no rush!) my son will grow up and go to college. He currently has a financial plan set up through his godparents, and soon my husband and I will open one for him as well. With that being said, I have been learning a lot […]
As I write this blog about raising financially responsible kids, I want to be completely transparent (dad joke). My wife and I have a 9-month-old daughter named Charlotte, and we are far from having it all figured out. However, through many conversations with more experienced parents, we’ve found that no one has it figured out. Every […]
Often I am asked why I use the example of the flight path of a plane when speaking about someone’s financial plan. My finance professor in college would often say, “if you don’t know where you are going, any road will get you there.” That statement has stayed with me throughout my career advising our […]
A few weeks ago, my fiancé got an email from the custodian that holds his 401(k) reminding him to check his beneficiaries. While he was surprised to receive the reminder, he was also grateful, as he realized he had never named anyone as the beneficiary of his account. The importance of having a beneficiary is […]
So, what do the pandemic of 2020 and 9/11 have in common? Both were periods of time that I served as Chairman of Chesapeake Hospital Authority and President of The Rotary Club of Chesapeake, respectively. The video of two passenger planes flying into the Twin Towers of the World Trade Center resulted in enormous fear […]