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10 Ways to Celebrate Independence Day

I proudly served in the U.S. Army from 1991-1992 as a medic. You can read a story about my experience there at ThinkAdvisor (I’m #21). My time serving makes me appreciate being a U.S. citizen. So, while some of our typical holiday festivities might look a bit different this year for safety precautions, I hope

Graduating From the Workforce – Are You Emotionally Prepared?

Everyone at Parsec works diligently to prepare you financially for retirement by guiding you to financial security. This is our mission, and our success can only be measured in seeing you achieve that security. Most importantly, you have walked with us each step of the way as we explained and implemented the financial concepts needed

You Have a High School Senior – Now What?

The last years of high school are an exciting, stressful and scary time for students, from academic pressure to social and behavioral issues. They are adults in many ways, but still little kids in other ways. Having never parented a child through this stage before, my wife and I learned a lot in the process.

Graduating Day Care Bills, Hooray! Errr, I Mean … My Baby Is Graduating!

Full transparency: Before I had kids, I looked at day care graduation photos with a certain level of judgment and cynicism. It seemed silly to me, like participation trophies. I liked the idea of celebrating just one major graduation, which represented the culmination of all a child’s academic achievements over the years. But then I

10 Common Financial Questions When Going Through a Divorce

Sometimes the hardest questions when going through a divorce are those that you aren’t aware you should be asking. Thus, I wanted to summarize below the most common questions I answer and topics I prioritize with my clients as we work through their divorce. 1. How does the state I live in affect how marital

Tax-Loss Harvesting Amidst Market Turmoil

Market declines like the one we are currently experiencing present great opportunities to take advantage of cheaper asset prices. Almost everyone with a taxable account should be harvesting tax losses during times like these.

Getting Assistance on Existing Loans or Obtaining a New Loan in the Wake of Coronavirus

Businesses and individuals in the U.S. and worldwide are now affected by forced closures and economic slowdowns due to COVID-19. If you are a sole proprietor, contractor, or business owner you might need to obtain new capital in the form of loans. Moreover, you might need to defer payment on existing personal loans or mortgages. Below is information on new and enhanced programs designed to help you and your business thrive after the coronavirus.

What You Need to Know About the CARES Act

The CARES Act is a massive $2.2 trillion fiscal stimulus package providing relief to both individuals and businesses affected by the economic fallout from the coronavirus. The bill is over 600 pages, so we’re highlighting the three sections of the bill that are most applicable to our clients.

Small-Business Succession Planning Guide

It is easy for a business owner to view the value of his or her business subjectively close to the point of sale because of the owner’s interconnected feelings and experiences with the business. This close association can breed significant biases within the owner, which may affect negotiations to sell the business. The valuation, terms of the transaction, employees and ongoing reputation of the business are some of the areas where a biased seller can struggle with letting go and entering a new phase of being a former owner.

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