By | January 2016
If your spouse and or other heirs cannot quickly figure out your financial affairs after you pass away or become incapacitated, you won't just leave them frustrated you might leave them with less money. Accounts and other assets could be overlooked ... and financial penalties could be incurred, such as those for not taking required distributions from tax-deferred retirement accounts.
By Curtis Gross | January 2016
U.S. stock prices wandered indecisively between - 3% and +3% during the first half of 2015 making very little progress in either direction. The market turned drastically more negative in August (see the S&P 500 chart below) as currency & economic weakness in China weighed on stocks. An October rally boosted the index back to barely positive... then drifted to the remainder of the year to a -0.7% price return.
By Benjamin Yeung | December 2015
It’s the holiday season, and that means giving is on the minds of many. For some, it’s an opportunity to give to their favorite causes while potentially gaining some tax benefits. However, the FAI team thought it might be fun to change gears a little and talk about gifting on a personal level. Many of us are struggling to come up with ideas for gifts to family and friends during this time of year. Upon hearing the story of a friend who distributed a list of charities in lieu of a traditional wedding registry, the team suggested an article on the younger generation’s perspective on gifts.
By Mary Thompson | December 2015
Establishing a donor-advised fund can be an effective vehicle for your charitable dollars while allowing you to delay the decision making process until you have more time to determine which charities you would like to be the beneficiaries of your charitable dollars.
By Mark Stinson | December 2015
It all started with a conversation. Early Retiree told his father August, “Dad, your sister Joy wrecked her car.” August was headed to the mailbox and stopped and turned, “What happened?” Early continued, “It seems she ran the car alongside a lamppost in a parking lot, and the car has a large scrape down the length of the passenger side.”
By The FAI Team | November 2015
If you are eligible for Medicare Part B and Part D while still earning a high income, you may be subject to the Income-Related Monthly Adjustment Amount, or IRMAA, added to your premium.
By Mark Stinson | November 2015
My current position at FAI is Senior Advisor. As a Senior Advisor I work with clients to develop a financial plan and investment strategy. My specialties are: engineers and business owners in transition. Those transitions can include retirement, marriage transitions, sudden wealth and selling a business. I also work with clients who have elderly parents in transition.
By Mark Stinson | November 2015
Early Retiree was in the emergency room at the hospital and chagrined. His 90-year-old father, August, had just made Early the target of a joke. Early, did not want to admit it, but he was amused. The joke was rather good. August had just been wheeled into a small cubby hole of a room within the emergency room. A nurse approached, “Do you have pain anywhere?”
By Lyn A. Dippel | November 2015
In a recent study of parents with incomes over $100,000, only 17 percent said they would discuss their income or net worth with their children under the age of 18 – close to 20 percent said they wouldn’t share this information with offspring at all.
By Curtis Gross | October 2015
So I’m the Chief Investment Officer and what that means is that I’m totally responsible for all of FAI’s investment policies and practices. We do several things for clients. We do asset allocation, security selection and portfolio construction.