Tax Smart Refinancing

A real client case study

Key Takeaways

  • When you get to age 70.5, mandatory withdrawals can wreak havoc on your carefully laid retirement and savings plans.
  • There are many different things you can do with your assets, mortgage and loan arrangements to achieve legal, low-risk tax solutions.
  • Even in your early retirement years, refinancing your mortgage can be advantageous. See below.

The Tricky Dance with Bonds

Key Takeaways

  • Unlike stocks, many investors have trouble understanding the bonds in their portfolios.
  • Bond values go down when interest rates rise—something we’re likely to see later this year when the Fed inevitably raises rates.
  • You don’t want to get caught holding long-term bonds if you have to sell them in a rising rate environment.

9 Tips for College Grads

Key Takeaways

  • It’s important to get your spending habits, saving habits, credit history and professional reputation established from Day One.
  • Be flexible, diligent and polite in your early working years. Finish what you start, deliver on your promises and look carefully at your social circles.
  • Good career mentors are essential for accelerating your growth, connections and abilities in the working world.

Kidpreneurs—Start Young

Key Takeaways

  • Let kids dream big and think outside the box. Emotional intelligence (EQ) can be more important than IQ.
  • Borrow a page from Silicon Valley and encourage kids to fail early, fail fast and fail often. There are many important lessons in failure.
  • Pay kids appropriately for chores they do around the house, but also teach the value of accountability—“You give us results, we give you dollars back.”