David Cechanowicz | July 2, 2019
In the June 2018 issue of Planning Matters, we did a deeper dive into a colorful visual aid that outlines the breadth of wealth management and planning services offered by REDW Wealth, LLC – our “Universe of Financial Advice, Planning and Wealth Management” map – which shows the wide scope of planning services we offer in four primary planning areas: Business Planning, Estate Planning, Retirement Planning and Investment Planning or Asset Management. ... In this issue, our focus is on the role of Strategic Tax Planning and what it means in the lives of our clients.Read more. Read More
Daniel Yu | April 17, 2019
The CFA Society of New Mexico recently hosted a fireside chat by Andrew Fastow, the former CFO of Enron. Mr. Fastow began the time by acknowledging that what he did was wrong, unethical, and illegal. He also took full responsibility for his actions and apologized.
For the rest of his talk, however, Mr. Fastow did not focus on Enron, but rather the way we work to rationalize questionable behavior. Mr. Fastow led us through a few thought exercises that might appear to be unethical, but upon further examination and with a little more information were actually examples of routine business practices. Read more. Read More
David Cechanowicz | March 31, 2019
he universe of potential Social Security retirement benefit claimants is divided into two groups that are separated by one date: January 2, 1954. All individuals who were born on or after that date are limited to one Social Security benefit claim when it comes time to file for benefits.
Married (or formerly married) workers born prior to that date have the potential ability to claim one Social Security benefit while allowing the second, the larger benefit, to grow by up to 32% before claiming it. The first benefit in question is called the spousal benefit and it has a special application for households with claimants born prior to January 2, 1954. Read more. Read More
Laura Hall | February 26, 2019
Have you ever wondered what happens in the background or behind the scenes before one of the professionals at REDW Wealth meets with a client to present and discuss a tax return or financial plan, or quarterly portfolio reports?
Over the years, a number of our clients have asked that question and been surprised at the answer. Read more. Read More
Daniel Yu | January 30, 2019
“This might sting a little,” “You might feel some discomfort,” “You might experience some pain,” these phrases are meant to prepare and supposedly ease imminent pain from a needle or other medical procedure, but somehow they often do not. I suspect that as you read those phrases you almost immediately remembered an unpleasant experience. Read more. Read More
Laura Hall | November 5, 2018
Once upon a time, in a galaxy far, far away, people (mainly men) worked for one company their entire professional career, saved for their retirement, retired at age 65, received a gold watch and a pension, and then did not live very long after that. Does that sound familiar to you? It was certainly the story for my father and both of my grandfathers.
Oh, how times have changed. Read more. Read More
Daniel Yu | October 12, 2018
In the first two week of October 2018, we have seen a fairly rapid decline in market values. At the time of this writing, the S&P 500 has declined about 6.2% during the month of October with developed international equities performing in a similar fashion and emerging market equities performing worse. Ostensibly, it is valuations, rising interest rates and trade tariffs that are to blame. We added “déjà vu all over again” to the title, because we were in a similar situation as our February 2018 newsletter. Read more. Read More
David Cechanowicz | September 26, 2018
Last quarter, this newsletter focused on the Retirement Planning section of REDW Stanley’s Wealth Management map. We looked at the inter-relationships between various aspects of financial planning and how retirement planning can span decades and often dominate other planning goals.
At the bottom of the diagram are three additional sections we refer to as the lenses through which we view the decisions that are made in the main planning areas. Because we at REDW Stanley are fiduciaries, we must first act in our client’s best interest. Then we measure and account for the tax impact of planning decisions, and finally, we factor in how those decisions affect risk.
When risk is considered, the following are possible responses... Read more. Read More
Laura Hall | August 6, 2018
Curious about blockchain? Like bitcoin, it’s a new digital technology term you may have heard bandied about recently. You may have even heard it described as a secure method for people and organizations to transact business with each other without requiring a trusted, central institution to verify the information. With a blockchain, there is no central authority, like a bank, involved in the transaction. What does that mean? Read more. Read More