CFG Planner Blog

Posted by Nancy Hecht , CFP®, AIF®

I know many people that cannot function at all without their premium coffee first thing in the morning. There are many other little things that we buy regularly that we can make ourselves at a much lower expense but don’t. So I ask; what are you willing to give up so you can have a more secure future? Let’s take the coffee as an example.
If you buy a premium coffee each day you are probably spending close to $4 per drink. If we just look a 5 day work week, that’s $20.
If you were to save and invest that $20/week and earned 4% on that savings, at the end of 15 years you would have $19,752.86. That’s a lot of coffee!

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Posted by Gary Abely, CFP®, AIF®, CPA

If you read current headlines about Millennials you might draw some poor conclusions.  For example, recently I was listening to The Clark Howard Show and heard Millennials spend more on coffee than their retirement savings.  While I’m sure this may be true for some in their 20’s and early 30’s, it was a statement with a pretty broad stroke.  For those Millennials truly doing this I have some advice: Costco sells Starbucks – buy a membership, it’s cheaper.

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Posted by Joe Bert, CFP®, AIF®

There were dozens of breach of fiduciary duty lawsuits filed, settled and adjudicated in 2016 against plan sponsors, fiduciaries and investment advisors. The trend for 2017 is for this legal torrent to continue regardless of the next steps with the Department of Labor’s Fiduciary Rule.

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Posted by Nancy Hecht, CFP®, AIF®

We always hear of wacky things that people try to deduct from their taxable income – these happen to be deductions that, surprisingly so, worked.

When I was in high school, I was trying to decide between art school and business school. I decided I did not want to be a starving artist – who knew that if I went down that path, I could have this deduction:

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Posted by Joe Bert, CFP®, AIF®

Many of us are likely familiar with the accounting world’s Rules v. Principles ethics regulation. But you may not be aware that the Department of Labor, since promulgating its fiduciary rule last year, has implemented a similar type of principle-based regulatory approach. Within the financial advisor world much of the debate over the so-called Fiduciary Rule has been centered on this approach.

But as a client, whether you are aware of this debate or not, the question becomes: why should you care?

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Posted by Gary Abely, CFP®, AIF®, CPA

I know, it seems like yesterday we were gathering our documents for our tax preparer for the 2015 tax year.  The 2016 tax filing season is upon us and I thought I would share 10 often over looked tax planning opportunities.

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