Tag Archives | wealth management

The Brexit and Its Lessons on Recency

Thanks to the field of inquiry known as behavioral finance, we know of a number of instincts that can steer us wrong as investors. One of the big ones is recency, in which we tend to lend more decision-making weight to recent turmoil than to expected long-term outcomes. It’s one thing to know about recency […]

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What Does Being a Fiduciary Really Mean?

The question of whether your financial advisor is a fiduciary has come up a lot in the financial media recently.  But what does that actually mean? As defined by the Cornell University Law Review, a fiduciary duty is “…a legal duty to act solely in another party’s interests.  Parties owing this duty are called fiduciaries…Fiduciaries […]

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Is Now a Good Time To Be in the Market?

Ever since we founded Independence Advisors, we have been committed to serving as an independent voice. We are proud to question the status quo whenever that’s what it takes to serve our clients’ best financial interests. That said, we’ve also long enjoyed collaborating with anyone whose wealth management missions complement our own. The more often […]

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Managing Household Records

Spring cleaning and tax season go together like peanut butter and jelly. Every year we are faced with decisions about what to keep and what to throw away. How long do I need to keep my tax returns? Receipts? Brokerage trade confirmations? Having a system to find all of these records is just as important […]

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Golf and Investing: Managing Your Emotions On and Off the Course

Key Takeaways • A commitment to a disciplined process is a major part of both golf and investing. • Professional golfers focus on the process, not their emotions, to navigate the range of good and bad shots throughout a round. • A disciplined investor should focus on the process, instead of daily market movements, as […]

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Tax Efficient Way for Businesses to Support Deserving Students

The Educational Improvement Tax Credit (EITC) enables business owners to support over 1,200 Pennsylvania educational and not for profit organizations while receiving generous tax credits.  KEY TAKEAWAYS • Tax credits may be applied against a contributing business’s tax liability for the tax year in which the contribution is made. • Tax credits range from 75 […]

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The Conversion Issue: Tax Me Now or Tax Me Later! (Part 2)

Key Takeaways Roth conversions could be a great option to potentially decrease taxes and pass on tax free assets to heirs. Roth conversions can also be beneficial if you have assets in tax-deferred accounts and expect a significant drop in your tax bracket before age 70 ½. A re-characterization provides you with a “do over” […]

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