Tax Preparation usually doesn’t mean tax planning. Preface: My experience is that most tax-preparing CPAs and EAs look backwards, at the previous year’s tax experience. It takes overt client requests to have them do forward tax planning. As such, the more advanced financial advisor with a good understanding of the US and their respective state’s […]
A Financial Advisor looks at Taxes Read More »
There is a cottage industry in the business of forecasting markets. It is meant for entertainment, not for advice. It began with newsletters, then with radio shows, then with televisions shows, even cable networks. Now websites. There are conferences dedicated to the subject. But, In the immortal words, of William Goldman in his Hollywood memoir:
Forget “Wall Street Strategists”—think yield curve. Read More »
Dave and I began working together in the early 1990s. From day one Dave was geared for growth. Over the years we comfortably doubled, even tripled the value of the IRA he wants to live off of once he retired. Two years are ago, Dave came to me, anticipating retirement in 2023. We wanted to
Changing asset allocation Read More »
Portfolio Manager Financial Advisors are inexpensive…maybe. First let’s be absolutely clear about one thing. Aside from simply buying very inexpensive ETFs, with which you get absolutely no advice from a seasoned portfolio manager/financial advisor, we believe we are the least expensive alternative for any client who wants professional help. Advisors Fees can be opaque. I
Bond Investing When we are selecting bonds for our portfolios, we have a range of factors we evaluate: Our first check is the price. As mentioned above, we will almost always buy bonds at or below their maturity or call price. There are two reasons for this. One is perception, the other reality. Dealing with
Buying Bonds at or Below Par Read More »
Our version of buying bonds for income and stability is best demonstrated using the example of the Required Minimum Distribution. It is broadly known that at now 73—a few years ago it changed from 70 1⁄2 to 73—with very few exceptions investors must begin taking money out of their IRAs. It is sometimes a surprise
Buying bonds and the RMD Read More »
All throughout my career I have heard the mantra of “laddering portfolios.” Laddering maturities means to buy a series of bonds over time so that regardless of whether interest do, there will soon be a bond maturing and one can reinvest the proceeds at the new interest rates. This is cowardly. This also provides the investor with
It seems to me that, like many fad diets, the exercise of financial planning as it is marketed right now is in search of some magic elixir that will allow you to eat too much or exercise too little and then lose weight. The dangerous thing about financial planning at the big banks are the
Health Planning is the same as Wealth Planning Read More »
Hedging your bets at the Macro level to build wealth. Remember the four food groups, er, investable asset classes for serious money: stocks, bonds cash and real estate. To my way of thinking, once your clients have built up assets, stocks, bonds, cash and real estate, and even a business or two, life for them,
Hedging your bets Macro Read More »
Lattice Wealth Management
111 N. Market St., Suite 300
San Jose CA 95113
Lattice Wealth Management
5401 Business Park South, Suite 208
Bakersfield, CA 93309
Lattice Wealth Management
201 Spear St., Suite 1100
San Francisco, CA 94105
