It is projected to grow even larger. What does that imply for the economy? Provided by Peter Miralles, CFP®CIMA®CLU In 1835, something financially remarkable happened: the federal government paid off the national debt.1 It hasn’t happened since. Through myriad presidential administrations and economic cycles, the national debt has persisted. Wars, depressions and recessions have all […]

Offshore accounts are receiving a new level of scrutiny. Provided by Peter Miralles, CFP®CIMA®CLU The federal government implements new rules to fight tax dodgers. As of July 1, 2014, the Foreign Account Tax Compliance Act (FATCA) is in effect. FATCA requires something new of foreign financial institutions: they must now report any assets held by […]

How many can you prevent yourself from making? Provided by Peter Miralles, CFP®CIMA®CLU  Year after year, in bull and bear markets, investors make some all-too-common blunders. They have been written about, talked about, and critiqued at some length – and yet they are still made. You can chalk them up to psychology, human nature, perhaps […]

A little frugality may lead to a lot of financial progress. Provided by Peter Miralles, CFP®CIMA®CLU Americans have a great deal of disposable income relative to many other nations, yet our free spending can take us further and further away from the potential for financial freedom. Some people fall into crippling spending habits and injure […]

Is the conventional wisdom for everyone? Provided by Peter Miralles, CFP®CIMA®CLU Questioning traditional assumptions about retirement planning can be illuminating. Some retirement planners and economists argue that they need to be reexamined. Does most retirement planning focus on the future at the expense of the present? One noted economist makes that case. Laurence Kotlikoff, the […]

Do you have a strategy to follow? Provided by Peter Miralles, CFP®CIMA®CLU Have you created a company that someone will want to buy? Your children won’t necessarily want to take over your business, so an exit strategy is essential to getting the outcome you want. You must prepare your firm for the transition – and […]

Take steps so criminals won’t take vital information from you. Provided by by Peter Miralles, CFP®CIMA®CLU America is enduring a data breach epidemic. As 2013 ended, the federal Bureau of Justice Statistics released its 2012 Victims of Identity Theft report. Its statistics were sobering. About one in 14 Americans aged 16 or older had been […]

 A convenient move that could ward off probate on your accounts. Provided by Peter Miralles, CFP®CIMA®CLU TOD, JTWROS…what do these obscure acronyms signify? They are shorthand for transfer on death and joint tenancy with right of ownership – two designations that permit automatic transfer of bank or investment accounts from a deceased spouse to a […]

Examining the potential differences between assumption & reality. Provided by Peter Miralles, CFP®CIMA®CLU Financially, how might retirement differ from your expectations? To some degree, it will. Just as few weathercasters can accurately predict a month’s worth of temperatures and storms, few retirees find their financial futures playing out as precisely as they assumed. As you […]

When was the last time you looked at the content of your portfolio? Provided by Peter Miralles, CFP®CIMA®CLU When turbulence hits Wall Street, are you stressed out? If you have taken on too much risk in your portfolio – which can happen through intention or inattention – stock market volatility may make you anxious. So […]