Tax Help for Growing Families
Having a child is one of life’s special events – but the cost of a growing family can also bring challenges to your life. Here are some ways...
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Day: April 1, 2021
Got Crypto? Then You Need a Digital Estate Plan …
The proliferation of online accounts and assets in the digital age makes planning for access and transfer of digital assets an essential part of any estate plan. With all...
Taxes Are the Golf Balls of Personal Finance
For the professional golfer, hitting your ball into the water has its price: It can be embarrassing. The internet is littered with stories and images of PGA Tour players...
Shouldering the Burden of Financial Responsibility
“Atlas through hard constraint upholds the wide heaven with unwearying head and arms.” – Hesiod
Financial Lingua Franca
For anyone new to investing (and even for those who are not so new) the financial terminology used by investment professionals can be unfamiliar and a bit confusing. When...
How To Get Your Children To Own Their Financial Future
I am often asked how to raise a financially literate child. It seems easy enough, right? We help them with some terminology, coach them to have financial discipline and...
How Parsec Monitors Investment Securities
Parsec invests in a variety of securities for its clients. These may include mutual funds, exchange traded funds (“ETFs”), and individual stocks, among others. All of these investments...
Roth or Traditional IRA?
If you’re a retirement saver with the contribution deadline looming, trying to figure out whether traditional IRA or Roth IRA contribution makes more sense for you can be a...
Swinging and Investing Despite Overconfidence Bias
If you’re a bogey golfer, you’ve probably had your share of three putts (and sometimes four), but I’m willing to bet you haven’t experienced anything like what happened to...
What Are RMDs and QCDs?
I joined Parsec last November, and one of the big workstreams underway was Parsec advisors working with their clients on their required minimum distributions (RMDs) since the CARES Act...
Know Thyself – Are You a Trader or an Investor?
I heard about a study that found people were more likely to vote if you ask them, “are you a voter?” as opposed to, “do you plan on voting?”...
IRA Contribution Rules
The maximum individual retirement account contribution for 2021 is $6,000 ($7,000 if aged 50 and over). The question of choosing between a Traditional IRA and Roth IRA largely comes...
