Teach your Children…

  • teach-your-children

    Teach your Children…

    by Randy Fox, CFP®, AEP®

    The Crosby, Stills, Nash and Young song title from 1970 proves to be prescient in its words and meaning, “Teach your Children”. Researchers at Emory University have found “Children who know stories about relatives who came before them show higher levels of emotional well-being.” That is to say, sitting around the […]

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  • charitable-excise-tax

    New Charitable Excise Tax Threatens Private Foundations:

    Unintended Consequences Strike Again

    by Randy Fox, CFP®, AEP®

    A recent release by the IRS, Notice 19-09, provides guidance on §4960 which was enacted in December, 2017. The section imposes an excise tax of 21% on compensation that exceeds $1 million annually for employees of tax-exempt organizations. The Notice goes into great detail and provides many examples […]

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  • secure-act

    IN(SECURE) Act

    by Randy Fox, CFP®, AEP®

    Last week, Congress passed the SECURE Act by an overwhelming majority of 417-3. The crazy Washington acronym stands for “Setting Every Community Up for Retirement Enhancement Act” OR SECURE Act and fundamentally changes many long-standing rules regarding retirement plans. The Senate is likely to pass the Bill with minimal changes and […]

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  • capp-approach-to-wealth-management

    The Other CAPP

    A Different Approach to Wealth Management

    by Randy Fox, CFP®, AEP®

    Many of my professional colleagues have been pursuing (or have received already) the CAP designation. CAP, meaning Chartered Advisor in Philanthropy. Currently it represents the pinnacle of achievement for advisors who want to better present philanthropic opportunities for their clients and for charitable professionals to gain […]

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  • financial-planning-process

    Financial Planning Process(es)

    by Randy Fox, CFP®, AEP®

    It’s puzzling to me that many financial advisors lack repeatable processes when engaging with a new client. Yes, every client or potential client is different, with different needs or wants, different finances, different stories and back grounds, which only makes it more important that we walk each of them through a […]

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  • mandela-south-africa-support

    Mandela

    by Randy Fox, CFP®, AEP®

    I was invited to New York recently to hear Ndaba Mandela speak. He’s the grandson of the great Nelson Mandela And is doing his best to honor his grandfather’s great legacy. The event was hosted by the private Bank of JPMorgan Chase. It was a very small and intimate gathering which […]

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  • family-planning-charitable-giving

    Walking the Talk in Charitable Giving

    by Randy Fox, CFP®, AEP®

    By nature, I’m an even keeled person. But I must say that I’m currently very excited by a new opportunity that I’m about to introduce to my own family. They don’t know it yet, but very soon we will convene and discuss our family charitable giving plan. Though I know my […]

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  • IPO

    IPOs with Blinders on

    by Randy Fox, CFP®, AEP®

    Almost every week, there is another Silicon Valley company that announces that it’s going public. Most recently Lyft, soon to be followed by Uber, Slack, Airbnb, Stripe, Pinterest and who knows what other modern miracles of technology. Each of these companies will have initial valuations topping $1 Billion and will instantaneously […]

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  • s-corp-planning-strategies

    Get your S (Corp) Outta Here

    (whose idea was this, anyway?)

    by Randy Fox, CFP®, AEP®

    For tax year 2013, the most recent reporting year, there were a little over 4.25 million S Corporation tax returns filed. This form of business ownership still seems to be the most popular, though the Limited Liability Company is coming on strong with about 2.2 million currently […]

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  • pif-daf

    Another Throwdown: The PIF v The DAF

    by Randy Fox, CFP®, AEP®

    I’ve spent considerable time comparing the pooled income fund (PIF) to the charitable remainder trust (CRT). In fact, if you go here and enter your email address, you can watch my narrated power point on the subject. To this point, however, I’ve not faced down the donor advised fund (DAF) which […]

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