More on Madoff

  • Madoff

    More on Madoff

    by Randy Fox

    Or should I say, moron Madoff. No, I shouldn’t. So, scratch that. However, in my last blog I did disagree with professor Madoff’s latest proposal to reframe the way Donor Advised Funds (DAFs) are treated for tax purposes. She suggests that DAFs receive tax-exempt treatment like other non-profits but that no […]

    ... read the full article


  • donor-advised-funds

    The Other Madoff

    Donor Advised Funds (DAF)

    by Randy Fox

    Donor Advised Funds (DAFs), America’s favorite giving tool are regularly under attack. One of the biggest critics, is professor Ray Madoff of Boston College. Professor Madoff continues to criticize that DAFs are somehow abusive since donors receive an income tax charitable deduction for giving their assets away to […]

    ... read the full article


  • :31-to-win

    :31

    by Randy Fox, CFP®, AEP®, Two Hawks Consulting

    Enough to Win

    That’s how much time was left on the clock in the fourth quarter as the Chicago Bears prepared to receive the kickoff from the Denver Broncos after giving up the go-ahead touchdown and two-point conversion.  There was no chance the Bears could come back […]

    ... read the full article


  • timing

    Timing

    …is Everything

    by Randy Fox, CFP®, AEP®, Two Hawks Consulting

    We’ve all seen it…the perfect timing. The wide receiver running down the field. The quarterback releasing the ball before the receiver has even started his break. The perfect cut. The receiver breaking free just as the ball arrives. The clutch grab. The critical, last minute, […]

    ... read the full article


  • implementation-matters

    Implementation Matters

    by Randy Fox, CFP®, AEP®, Two Hawks Consulting

    Develop and execute a good plan for implementation.

    It’s so easy to forget that a good plan is only effective if it is fully implemented in the way it was designed. Many advisors design good plans that should lead clients closer to their stated goals. Many advisors […]

    ... read the full article


  • avoid-disastrous-estate-plans-like-aretha-franklin-tom-petty

    Tom Petty, Aretha Franklin & You

    Avoiding Disastrous Estate Plans

    by Randy Fox, CFP®, AEP®, Two Hawks Consulting

    It shouldn’t take too much effort to realize that what Tom Petty and Aretha Franklin currently have in common are not their list of gold albums or chart-topping singles, but their disastrous estate plans. Both deceased musical icons have managed to pit family […]

    ... read the full article


  • hbo-succession

    Your Succession, My Succession

    by Randy Fox, CFP®, AEP®

    HBO’s Succession

    Much has been written about the popular HBO mini-series, “Succession”. Viewers and critics have discussed the dysfunctional billionaire family and their intricate inter-play. The failed take overs, the backstabbing, the jockeying for favor to see who will reign over the family empire makes for good television and interesting fodder […]

    ... read the full article


  • Money

    It’s not about the Money

    by Randy Fox, CFP®, AEP®

    Thirty-five years in financial services and the last twenty plus working with high net worth families and I’m just now realizing that all the time we spend talking about money, planning, cash flow, tax savings wealth transfer and philanthropy is mostly a smoke screen. Certainly, there are problems to solve and […]

    ... read the full article


  • Procrastination

    Procrastination

    by Randy Fox, CFP®, AEP®

    We all participate in procrastination. Clean out the garage. Later. Fill out the tax return. Tomorrow. The human psyche apparently thrives on waiting as long as possible to complete onerous tasks. Mowing the lawn a day later probably won’t make a huge difference in anyone’s life. What doesn’t make sense, though […]

    ... read the full article


  • Financial Planning Conference

    Rendezvous Conference Nine

    by Randy Fox, CFP®, AEP®

    Purposeful Planning Institute just held the ninth annual Rendezvous conference in Denver. The conference is a one of a kind opportunity for multi-disciplinary interaction and education. Certainly, there are conferences for disparate professionals, but none that I’m aware of put not only financial and legal professionals in the same room but […]

    ... read the full article