Having a Bias Can Affect Financial Decisions
Behavioral finance is the study of how people make financial decisions. We are all affected by different biases that impact our decision-making on a daily basis. It’s important to examine and raise awareness of a bias or biases we are…
Planning During a Financial Crisis
Many of our clients and friends of the firm have expressed concern about the security of their children's jobs and futures. The children - and grandchildren - range from college-aged students and young professionals to new parents and those who…
Planning for Senior Housing in the Age of COVID-19
One of the most important parts of retirement planning is identifying optimal housing and healthcare arrangements for later years. This may range from modifications to an existing home to accommodate aging in place, to downsizing to an age-restricted community, to…
Social Engagement While Social Distancing
In retirement planning, there inevitably needs to be a financial analysis to determine how much one can spend and for how long, based on a set of predetermined assumptions. That is vital in determining if a course of action is…
3 Action Steps Nonprofits Should Be Taking Right Now
There are three action steps every nonprofit should be taking in these uncertain times of the COVID-19 crisis. I believe these action steps are critically important for the current and future health of their organization. Apply for SBA Assistance If…
Healthcare Coverage During the COVID-19 Outbreak
Co-Authored by Bob Wolfe, Associate Wealth Advisor If you’ve been furloughed or are now unemployed, do you know how you’ll get healthcare coverage? One of the realities of health care in the United States is that coverage is often tied…
Q1 2020 Quarterly Letter – Navigating COVID-19 Crisis
Before embarking on a journey, every ship’s captain is legally responsible for developing a voyage plan. A proper voyage plan is prepared by the captain or an experienced crew member and maps out each segment of the journey as well…
Understanding the Stimulus Package
The Senate and House of Representatives approved a $2 trillion stimulus package named the Coronavirus Aid, Relief, and Economic Security (CARES) Act in response to the COVID-19 crisis – the largest emergency package of its kind in American history. The…
The CARES Act and How it May Affect Nonprofits
On March 27, the House unanimously passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is a $2 trillion stimulus law intended to provide immediate relief for the individuals, nonprofits, businesses and…
Planning in a Market Pullback – A Silver Lining
Uncertainty around the impact of the coronavirus has brought a high level of volatility and has ultimately driven us into bear market territory (a pullback of 20% or more from peak levels). Daily market swings of 4%+ make it difficult…