Author Archives: Naomi Wolowitz

In this episode, the relatable finance guys discuss some common behavioral biases: loss aversion, overconfidence and herd behavior. They relate these to both the real world as well as investing and highlight how to make these biases not work against you.

According to the Giving Institute’s 2023 Annual Report on Philanthropy, charitable giving in the U.S. decreased more than 10 percent in 2022 from a record high the prior year. However, one area of giving that appears to be growing is the use of donor-advised funds (DAFs), which saw contributions and grants to philanthropic organizations increase […]

Too often, individuals planning for their golden years forget to consider the federal taxes they will need to pay on their Social Security benefits. Unfortunately, these oversights can take a considerable bite out of one’s expected income in retirement. Generally, if the income you rely on in retirement comes from sources other than Social Security, […]

The U.S. economy continued to defy the odds of a recession through the first half of 2023. After some political theatre, the government avoided a major self-inflicted error by raising the debt ceiling, allowing attention to turn to the economy. On balance, we would argue, the economy has improved relative to where it was at […]

One of the basic principles behind proper estate planning is to help ensure that decedents’ hard-earned wealth passes to their heirs in the most tax-efficient manner, which often means minimizing exposure to federal estate and gift taxes. While there are a variety of trust vehicles and other strategies individuals may use to achieve this goal, […]

Geopolitical tensions have risen lately. In this episode, the relatable finance guys go over some of the recent events and discuss their implications for the economy and asset markets

Selling a company that you put your heart and soul into building can provide significant rewards, including financial security for the remainder of your lifetime and potentially your heirs. Nevertheless, achieving that aim and reaping the full potential of the proceeds from a business sale requires careful reviews of where your business currently fits within […]

In this episode, the relatable finance guys look at the decision of saving now and enjoying your money in the future or YOLO, spend now and enjoy life in the moment. The topic came from a couple of client conversations where business owners sold their businesses and made comments such as  “I have been wealthy […]

It is good practice to assess your physical and mental well-being regularly to identify changes you may make to improve your current circumstances. For some, this may result in simply eating a healthier diet, committing to a more rigorous exercise routine or working with a therapist or other licensed medical professional. The same advice applies […]

Generous grandparents have even more reasons to establish 529 educational savings plans for their grandchildren in 2024 when new Roth IRA rollover provisions are in effect. Generally, contributions to 529 plans grow tax-deferred and can be withdrawn by beneficiaries tax-free when used to pay for qualifying education expenses, including tuition, books, computers, and room and […]