Wealthinking Blog

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Welcome to Wealthinking

The purpose of this blog is to show what comprehensive financial planning looks like and feels like on the day-to-day.  Each post is drawn from the actual work we do with clients and is rooted in the best of current economic thinking. You'll see such traditional topics as finance, taxes, retirement planning, and investment management through the lens of what real people actually care about—their own personal hopes and dreams, navigating various life transitions, and understanding the world around them.  We’re glad you’re here and invite you to join the conversation.

Paula

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Wealthinking by Paula Hogan

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A note from Rick Miller PhD on our co-authored chapter:

  
  
  
  

 


I am very happy to report that a paper I co-authored with my colleague Rick Miller PhD and presented at the 2012 Wharton Pension Research Council is now published as a chapter in The Market For Retirement Advice by Oxford University Press.

Interesting mainly to fellow advisors and academics (and also to my mother, because she’s my mother!) our article Explaining Risks To Clients: An Advisory Perspective probably won’t make the “most emailed” list.


How Do You Recognize a Tax Planning Opportunity?

  
  
  
  

 

Everyone talks about the importance of tax planning, but how do you recognize a tax planning opportunity? Here are some sample fact patterns that in the current tax environment send a strong signal for considering a more proactive and nuanced tax planning strategy.

What Your CPA Needs to Know About Your Tax Planning

  
  
  
  

 

Tax planning is not what it used to be. The rapidly increasing complexity of tax law means that the traditional rules-of-thumb no longer work. Current best practices require a multi-year view of expected cash flow and then nudging taxable income into the optimal year.

Financial Planning and Unintended Consequences

  
  
  
  

 


By definition, unexpected and often quirky, unintended consequences are fun to think about. They can be positive or negative in character and they pop up in many places including in financial planning. 

Identifying negative unintended consequences is a tried and true strategy in policy debates when you want to skewer an opposing proposal. Identifying positive unintended consequences is more uplifting. For example, here are two historical examples of positive unintended consequences as reported by Wikipedia:


Founding Fathers: Financial Planning Lessons

  
  
  
  

 

Feeling frustrated by your financial planning?  Take a breather and consider how financial planning issues are tough even for countries.  Let’s take a look at our country’s early financial planning in order to see three big take-away lessons for your personal financial planning today. 

A Financial Planning Valentine

  
  
  
  

 

In addition to the flowers, the chocolate, and the good champagne, remember these lasting financial planning ways to say I Love You every day to your dearest Valentine: 

AICPA 2014: Advanced Financial Planning Conference

  
  
  
  

 

Last week I had the pleasure of attending the 2014 Advanced Personal Financial Planning Conference hosted by the American Institute of CPAs®. Attended by a record 1200 professionals this year, the conference is rapidly becoming a go-to continuing education venue for financial advisors.

Savoring (& Weathering) The Holidays by Ed Jacobson

  
  
  
  

 

This week, it is a delight to offer a guest post from our good friend and Appreciative Inquiry expert Ed Jacobson, PhD. Ed's writing is below. Enjoy. 

Talking Turkey at Thanksgiving: The Power of Saving Early

  
  
  
  

 

When families gather for Thanksgiving, older generations sometimes have the irresistible urge to offer advice to the younger generations, sometimes about managing personal finances. Here's some advice for the would-be advice givers: Think about your audience. Don't focus on the principles of sound investing.

Open Enrollment Checklist - Optimizing Your Employee Benefits

  
  
  
  

 

I wonder who enjoys the annual open enrollment season, that annual November period during which employees make benefit elections for the coming year.  It must be a lot of work for employers and I have yet to speak with an employee who enjoys the process.  

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