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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
Will the Coronavirus Spark a Recession, a Depression or What?
As the whole world reels from the economic, financial, health and social impacts of COVID-19, the forecasts for what will happen to the global and U.S. economies become ever more dire. Unfortunately, no one can possibly know the true outcomes so all the numbers you hear and see are mostly speculation, usually based on some
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.
Ten Things You Can Do to Protect Your Accounts from Fraudulent Activity
Unfortunately, during this turmoil there are some who are taking advantage of the fear and heightened emotions to steal personal information and dupe users into paying for fraudulent “charitable funds” or bogus “medical bills.”
Does the Stock Price Fully Reflect the News?
In our investment process, we often have to ask ourselves this question: Something bad has happened to a company or market; does the current price reflect the news?
The Economic Impact of COVID-19
At the moment, financial market participants around the world have decided that this disease is going to hit the global economy about as hard as the disastrous Spanish Flu Epidemic of 1918. That was the first appearance of the H1N1 virus or “bird flu.” It sickened more than 500 million people globally or about one-third
Paying for College: Tax Savings
The tax law changes of 2018 eliminated the tuition and fees deduction for college expenses. There are still several ways to save on taxes when saving for and paying for college.
Content Archives
Featured Author
Michael Baughman
Michael is a Certified Financial Planner practitioner and a NAPFA-Registered Financial Advisor.
Tax-Loss Harvesting Amidst Market Turmoil
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.
