Resources

Navigating the Complexities of Public Service Student Loan Forgiveness

Becca Craig, ABA, 10/3/2019 The past few years have seen the U.S. Department of Education’s Public Service Loan Forgiveness (PSLF) program garner a whirlwind of criticism, from borrowers, watchdogs and lawmakers alike. Its complex and poorly communicated requirements have resulted in hundreds of headlines, several lawsuits, and thousands of heart-breaking personal accounts. The program’s administration has been troubled, to…

The Foundational Aspects of Planning Your Legacy

Elliot Dole, CFP®, EA, AEP®, CExP™, CAP®, 9/30/2019 Families who have determined that they’ve accumulated more wealth than they expect to spend in their lifetimes often approach legacy planning looking primarily for tactical help and technical expertise. They may come to the conversation simply seeking the specific tool or set of tools most appropriate for…

The Fear of Offending

Connie Brezik, 9/3/2019 We often let things go, even to our detriment, to avoid offending someone. This fear of offending can keep you in a bad relationship, keep you from making progress in your career or keep you from making sound financial and investment decisions. Many of us were brought up to be polite and…

First-Time Home Purchase? IRA vs 401(k)

2019 – 08/16 Generally, amounts withdrawn from an individual retirement account (IRA) before age 59-1/2 are subject to an additional 10% tax. Exceptions exist, including when the funds are used for a first-time home purchase. One taxpayer took a distribution to purchase her first home, but the IRS applied the 10% tax. The distribution was…

Surviving Spouse Who Inherited an IRA

2019 – 08/15 Are you a surviving spouse who inherited an IRA? The beneficiary of a deceased spouse’s IRA must decide whether to roll it over into his or her own IRA, or leave the IRA in the deceased spouse’s name. Advantages to making the spousal rollover or election are that spouses, over age 59…

Getting Back to the Basics by Getting the Definitions Right

Doug Buchan, 8/22/2019 Mark Twain once wrote, “The difference between the almost right word and the right word is really a large matter. ‘Tis the difference between the lightning bug and the lightning.” That man had a way with words. And although Samuel Clemens was known as a notoriously atrocious investor, many of his quips are wonderfully analogous to the…

Should You Worry About an Inverted Yield Curve?

Larry Swedroe, Chief Research Officer, 8/20/2019 Ever since December 3, 2018, when the yield curve inverted (with the yield of 2.83 percent on the five-year Treasury note one basis point lower than the yield of 2.84 percent on the three-year Treasury note), I have been receiving calls and emails from investors worried about the impact of an inverted…

Naming a Beneficiary – Avoid 4 Common Pitfalls

2019 – 08/20 Naming a beneficiary is a routine step for several types of accounts. Doing so assures the balance will go to the designated person when you die, or be divided as you wish among multiple people. Beneficiary designations are needed for life insurance policies, as well as annuities, retirement plans and IRAs.a This…

Money and Marriage: The Financial Plan for Marital Bliss

Kurt Wunderlich, Associate Wealth Advisor, 8/8/2019 Marriage, it turns out, is even more than hefty emotional commitment, a blending of families, and the awesome chance to add another crazy aunt or uncle to your family tree. Specifically, when you are married, you become a single economic unit. Your partner’s successes are your successes; similarly, your…

A Second Quarter Review of 2019 ‘Sure Things’

Larry Swedroe, Chief Research Officer, 7/30/2019 At the start of 2019, I compiled a list of predictions that so-called financial gurus had made for the upcoming year, along with some items I heard frequently from investors, for a consensus on the year’s “sure things.” The turn of the calendar means it is now time for our second…

How to Craft a More Fulfilling Vacation

Tim Maurer, Director of Advisor Development, 7/26/2019 Been there, done that. You’ve visited the tropics, the mountains, the lake. You’ve sailed on a cruise and made the pilgrimage to Disney, perhaps each twice or more. Most were fun, restful—maybe even restorative or memorable. But something was lacking. Something was missing. As you dream up your…

©2019 Bland Garvey Wealth Advisors