Procrastination

  • 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 […]

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  • 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 […]

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  • Collaboration in Financial Planning

    The Blind Side of Collaboration

    by Randy Fox, CFP®, AEP®

    Every client I work with is part of a collaboration. Since I don’t have a client facing practice, my work comes from other professionals, which means collaboration is a requirement, not an option. After many years of utilizing this business model, I’ve had enough experience to know how collaboration can work […]

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  • pull-back-the-curtain-opportunity-zones

    Opportunity Zones (OZ):

    Pulling back the curtain in the land of Oz by Randy Fox & Suzanne Jack

    From the late 1970s through the mid-1980s, there existed every kind of tax shelter imaginable. It was the Opportunity Zone or “Oz” of planning since we weren’t in Kansas anymore. We were in a place we didn’t understand that was far, […]

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  • Charitable Giving, not just for the holidays!

    Christmas Comes but Four Times a Year. Huh?

    Charitable gifts are not just for the holidays

    by Randy Fox, CFP®, AEP®

    Last year and every year, in fact, it is estimated that 30% of the $300 Billion of charitable gifts are made around Christmastime in December. In fact, most recently, 10%, that’s $30 Billion came in the last 48 hours of the year. This is […]

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  • respect-protect-elders

    Respect (and Protect) Your Elders

    by Randy Fox, CFP®, AEP®

    In a recent webinar, attorney Martin Shenkman provided some astonishing and frightening statistics about abuse and fraud targeting elders. Here are some of the key points.

    • Senior citizens may lose nearly 25 times more to scammers than what is reported.
    • 200,000 cases of elder financial abuse are reported annually to U.S. authorities with […]

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  • 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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