Posts Categorized as Wealth Preservation

Joe Bantz and I had an introductory meeting with potential clients earlier this year. They were referred by a friend. Questions – from both sides of the table – set the agenda for this initial meeting. In this case, they had a number of questions about our investment philosophy and fee structure. Joe and I asked about their financial history, hopes and concerns, and their reasons for considering Foster Group. During...

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Like many Americans, I keep looking out my window for pigs with wings…the euphemism “when pigs fly” having been recently invoked for:

  1. The Chicago Cubs winning the World Series after a 108 year drought, finding themselves down three games to one to the Cleveland Indians on October 30 (15% probability*)
  2. Donald Trump winning the United States Presidential election after an aggregated index of national polls gave him less than a...

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I was recently in one of the big-box home improvement stores, watching the hustle and bustle of the store’s staff in the Christmas décor aisles.  If Christmas is near, then New Year’s Day can’t be far behind.  It’s probably time, then, to start thinking about year-end tax planning. Here are some year-end ideas you can ponder as you start to sing Christmas carols:

  1. Do you have the need and ability...

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A group of us from the office were at a luncheon the other day when I received a text from my wife.  It seems the IRS left her a voicemail informing her they are filing a lawsuit against us.  I assume they meant her, but for the sake of argument, I’ll use the word “us.” Having been in the tax industry for many years, I can tell you the IRS will...

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By: Lisa M. Lehan, J.D., of Koley Jessen P.C., L.L.O.

What exactly is an estate plan? Webster defines “estate” as all of the things that a person owns and “plan” as something that a person intends to do. Put these definitions together and your estate plan sets forth your intentional decisions about the ultimate disposition of your property. The process of establishing your estate plan involves three primary components: (1)...

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Author’s note: These observations were written between 11:30 pm and 12:30 am while watching US election results on various networks and web platforms. Since then, it’s been interesting to see how rapidly markets and investors adjusted to what seemed distressingly shocking economic news less than 72 hours ago.

Election night, November 8, 2016 At 11:30pm CST it's beginning to look like Donald Trump will become the 45th President of the...

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Ross Polking Thumbnail Photo

Investors don't mind risk until it creates red numbers on their monthly statements.  Knowing how much loss you can tolerate, before the inevitable market dip, is the key to long-term investing success.  Volatility is never enjoyable when it takes us south.  The secret to surviving the days of 200 point drops in the Dow is to be prepared before it happens...because it will happen. Over the past 20 years, the S&P...

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On November 8, US citizens have the privilege and responsibility of voting at polling stations, absentee ballots, or early voting sites for a variety of national, state, and local officials and policy proposals. The collective will of the majority of voters will be reflected in who occupies the White House, the balance of power in Congress, as well as in state capitols, legislatures, and more. The complexity of government in...

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Ross Polking Thumbnail Photo

A phrase made famous in the 1994 movie, Dumb and Dumber, starring Jim Carrey and Jeff Daniels, this line certainly can be applied to the investment world.  When it comes to market performance, there is always a chance…a chance for ups and downs.  In the perpetual “doom and gloom” era we now seem to be living in, where folks are endlessly just waiting for the next crash, Sam Stovall at...

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Preparing Our Children for Their Financial Futures

By: Eryka Morehead, President & CEO, Collaborative Planning Group

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For many parents, teaching our children financial responsibility can be a very tough task.  We can all agree, it’s important.  As a mother of four, and through my years of experience working with clients, understanding its importance has never been the issue.  It’s how...

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