Making Cents: How Are Your Buckets Filled?
One strategy utilized to allocate assets and generate retirement income is commonly called the bucket strategy. In the bucket strategy, a retiree would consider setting up different buckets of money with a different investment strategy for each bucket. The buckets are established utilizing a time horizon. The first bucket should be designed to hold money…
Cast your Vote! All-time Favorite Holiday Tune
By the time the end of December rolls around many people have had enough of Holiday Music. I can see why, especially if you work in retail or some other venue where the music rolls on 24/7 with playlists that repeat songs regularly. Not me, in fact, I used to get a little sad when…
Making Cents: Thinking Of Large Holiday Gifts
One of the common questions this time of year is “How much can I gift to family members without tax consequences”? It’s certainly a loaded question, and the answer is, it depends. Let me explain. The Federal annual gift limit is $16,000 per donor to anyone and is increasing to $17,000 in 2023. For a…
Making Cents: Professional Skepticism
When I was trained as a rookie CPA candidate in the late 70’s, the term professional skepticism was first introduced to me. What it means is that we should not accept all stories at face value. In the accounting world, it goes even further to mean that one should corroborate or validate through examination and…
Making Cents: Getting Your Business to the Next Generation
Most businesses in America are small businesses. A large portion of those small business are classified as family business. Family businesses can range from those run by siblings, cousins or other relatives and those that may have a multi-generational situation. A common goal is to keep the business in the family. The odds are against…
MAKING CENTS: Roth IRAs – A Gift to Last a Lifetime
With holiday shopping nearing its peak, maybe you can skip the lines and set your sights on a gift that will last a lifetime. Of course, I’m talking financial gifts that go beyond an envelope with a little hole in it to show the face of one of our past presidents. A gift to a child…
Making Cents: Using a Roth IRA In Your Estate Plan
The Roth IRA is a powerful financial tool. Roth IRAs are a retirement account that allow for the potential growth without taxes, have no required minimum distribution and distributions are tax free if over the age of 59 ½ and the account has been open for a minimum of 5 years. The downside to a…
Greetings from Sunny Florida… NOT
As many of you may already know, I am in SW Florida. Not just anywhere in SW FL, but ground zero to the worst hurricane induced catastrophe in US history. And yes. It is as bad as you’ve seen, heard or viewed on the news. The good news is that I survived, thanks to my…
7th Annual Napier Financial Jimmy Fund Golf Classic
Thanks to everyone who supported our fundraising efforts for The Jimmy Fund and Dana Farber Cancer Institute! With your help, we’ve raised close to $80,000 for the research of Acute Myeloid Leukemia in honor and support of Mike Aizenstadt. We had a great day on the golf course last Friday! Take a look at some…
Getting Your Financial House In Order
There is a big difference between knowing what to do and then doing it. Take a look at the health food and diet business and how it is booming. It’s not like people can’t learn what to do on their own – but making a routine out of tracking intake and sticking to an exercise…