Financial Planning

401(k) Loans – Are You Really Paying Yourself Interest?

When someone is looking at lending options, occasionally their 401(k) is one of them. Why wouldn’t you take a loan from your 401(k); you’re technically paying yourself interest, right? Unfortunately, it’s not that straightforward. In most cases, an investors can distribute money from their 401(k) as a loan. The loan value can be up to… Continue reading 401(k) Loans – Are You Really Paying Yourself Interest?

Estate Planning, Financial Planning, Tax Planning

How the SECURE Act Could be Detrimental to Your Beneficiaries

Many people own a trust as part of their estate plan. Prior to 2020, it was common to have the beneficiary of an IRA be a trust. A See-Through Trust allows individuals to pass IRAs, via a trust, to their trust beneficiaries. There are several reasons to name a trust as the beneficiary of an… Continue reading How the SECURE Act Could be Detrimental to Your Beneficiaries

Financial Planning, Risk Management

Is it Time to Buy Airlines, Cruise Lines, and Casinos?

I’ve had friends, family, and clients inquire about buying specific companies and sectors after the massive drawdowns due to COVID-19. The theme seems to be airlines, cruise lines, and casinos. Three of the biggest airlines are down between 50 and 60 percent YTD. The three largest cruise lines are down between 65 and 80 percent.… Continue reading Is it Time to Buy Airlines, Cruise Lines, and Casinos?

Financial Planning, Risk Management

What You Should Do When Markets Are Volatile

Any time there is market volatility or economic uncertainty, investor fear starts to rise. It seems no matter where you look, a news outlet is telling you "it’s the worst day since X,” or "we’re witnessing the largest weekly drop since Y.” The problem is, while these outlets are creating fear and/or concern, they generally… Continue reading What You Should Do When Markets Are Volatile