Featured Content
Now Available: Parsec’s New Socially Responsible Investing Portfolio!
Our new SRI portfolio combines our traditional stock selection criteria with numerous environmental, social and governance metrics through one of the industry leading data providers ...
How to Determine if You Need Life Insurance
If your life insurance need is fixed and doesn’t last your entire life, term life insurance may be the most efficient way to cover the risk. However, permanent life...
What You Need to Know About Continuing Care Retirement...
Larry Harris and Betsy Mayes recently hosted a panel discussion at Parsec’s Longevity Forum...
Prioritizing Behavioral Finance to Seek Longevity and Happiness
Even if you don’t have a long-term, your money does, thus the importance of holistic financial planning.
Medicare: The Basics
Medicare is an important tool for financial planning during your retirement. It can seem very complex at times. You will no doubt be inundated with flyers, pamphlets and marketing...
Why You Should Review Estate Documents After a Move
There is already enough to think about when it comes to moving, whether it is down the street, across state lines or even to another country. Make sure to...
The Who, What, When, Where, Why, and How of...
What is the history, role and purpose of trusteeship? The origin of trusteeship is believed to have started almost four thousand years ago in ancient Egypt where the first...
Is a 529 Plan Right For Your Family?
One of the major benefits of a 529 plan is the tax free growth, and tax free withdrawals for qualified expenses. Even if you are spending along the way,...
Do You Need an Estate Plan?
I’m often asked the question: With the federal estate death tax exemption amount so high, do I really need an estate plan? The answer I give is: yes, actually...
How to Talk to Your Children About Your Estate
Talking with your children about disability and/or death can be a difficult task for most people. Parents spend the better part of their financial lives working, saving and planning...
I Received an Inheritance, Now What?
At some point in your life, there is a chance that you will inherit money or assets left from a grandparent, parent, or other family member. When someone that...
IRA Beneficiaries: Per Stirpes vs. Per Capita
Did you know that your IRA beneficiary supersedes your will? No matter how carefully you’ve crafted your last intentions in your will, an IRA beneficiary that was never updated...
Hidden Costs of College
Congratulations! You have four years of tuition, room and board stashed away in your 529 plan and your child hasn’t even graduated from high school yet. Now you can...
Parsec In The News
Thought Leadership
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
Looking into the Crystal Ball We See A Future of Fun for a Loyal Parsec Economist: A Tribute to Dr. James F. Smith
By Rick Manske, CFP®, BFA™, Chief Executive Officer It is with much fondness and admiration that I share the news of Dr. Smith’s departure from Parsec as of May 1, 2020. Dr. Smith has been Parsec’s Chief Economist since February 1, 2006. In the 14 years with our firm he has provided invaluable expertise to
Education Savings: There’s No Time Like The Present
College savings is a topic near and dear to my heart, as we have a 17 year-old who is currently undergoing the college exploration process. It seems like just yesterday we dropped him off for his first day of kindergarten. He looked so small walking into that big school with his little turtle backpack on,
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.
Content Archives
Featured Author
Michael Baughman
Michael is a Certified Financial Planner practitioner and a NAPFA-Registered Financial Advisor.
Don’t Let Health Insurance Concerns Stop You from Retiring
How to Determine if You Need Life Insurance
Our Long Form Thoughts
Why You Need a Digital Estate Plan and How To Create One
Digital estate planning is a relatively new phenomenon, having only begun...
Small-Business Succession Planning Guide
It is easy for a business owner to view the value...
8 Saving and Investing Principles
Here are eight fundamentals you need to learn how to save,...
Charitable Giving Tax Strategies
The 2018 Tax Cuts and Jobs Act materially changed charitable giving...
Finding the Right Financial Advisor
If navigating the complexity of investments, insurance and estate planning is...
Parsec Financial Longevity Forum
A robust library of educational content provided by local experts on various aspects of aging well such as wills and estates, long-term care, nutrition, financial advice, planning for your legacy and more.
