Financial advisors are giving their clients 4 pieces of advice

Financial advisors are giving their clients 4 pieces of advice

The coronavirus recession has changed financial goals and habits for many Americans. An economy that had begun to recover is now collapsing again, with millions still out of work and others facing prolonged periods of reduced hours and reduced pay. At the same time, coronavirus cases continue to rise across the US, signaling that the country … Read more

Create a financial roadmap before your spouse dies

Create a financial roadmap before your spouse dies

I don’t even know where to begin,” Cindy Steinberg told me after her husband’s death. “I’m just trying to stay on top of the bill. I don’t even know all the passwords to bank accounts and investments.” I heard this repeated from all the recent widows – and widowers – I’ve spoken to. While the family is in … Read more

Is your compensation reasonable? That is for tax purposes

Is your compensation reasonable? That is for tax purposes

There are two universal principles regarding the fairness of employee compensation: (i) most people feel that they are undercompensated and (ii) the same people feel that their friends and neighbors are overcompensated. There are many reasons for this phenomenon, but for our unscientific purposes it is sufficient to think of fairness as beauty – it is … Read more