Blog
Our blog is built for self-growth, enabling us to continually learn and improve, which is highly encouraged in our office. We see our blog as an opportunity to research ideas and expand our thinking around financial planning so we can continue to offer first-class service and solutions. To us, both conflict and collaboration are opportunities to learn. Keeping up with the changing environment allows us to perform at our highest level and incorporate the most up-to-date and accurate information in your plan. We hope that you will learn with us through our blog posts.
How to Navigate a Recession with Financial Planning
“Good judgment comes from experience, and a lot of that comes from bad judgment.” - Will RogersA recession is a difficult time for all and can affect even ultra-high-net-worth families. While it is important to understand...
Read MoreHow Long Does It Take for The Stock Market to Recover from a Crash?
Due to the global pandemic, the U.S. economy has been on quite a turbulent path. With rising inflation and layoffs in tech companies, you may be wondering if a stock market crash is eminent. Many investors are alarmed by stock market...
Read MoreWhy You Shouldn't Fear Running Out of Money
It is a common worry among those approaching retirement: Will I have enough money to last me the rest of my life? With longer lifespans and rising healthcare costs, concern about outliving your retirement savings is understandable....
Read MoreYear-End Financial Planning
As the end of the year approaches, it is time to start thinking about financial planning for the upcoming year. This process is of utmost importance. After all, if your finances are not in order, how can you expect your business or...
Read MoreHow to Check the Health of Your Investment Accounts
Everybody likes a day when the market is green. Especially for your personal accounts, it is important to stay on top of your investments to make sure they are performing well. After all, these accounts are crucial for your long-term...
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Are Private Schools Worth the Cost?
It's a simple question with no easy answer: is the value of private schools worth the price? Financial plans vary from family to family, and it can be difficult to decide if spending more on tuition is going to provide enough of an...
Read MoreInterest rates have been rising - what does that mean for certain lifetime gifts to charities?
“Every good act is charity. A man's true wealth hereafter is the good that he does in this world to his fellows.” -MoliereThe Applicable Federal Rate (AFR) is a number set by the IRS that's reviewed and updated monthly....
Read MoreEffective Wealth Management for the Newly Wealthy
“All you need is the plan, the road map, and the courage to press on to your destination.” - Earl NightingaleMaintaining wealth is a challenging task under the best of circumstances, but it can be especially challenging...
Read MoreWhat You Need to Know About Intentionally Defective Income Trusts
Several estate planning tools can be used to transfer wealth from one generation to the next. One such tool is “grantor trust” (e.g., intentionally defective income trust or “IDIT”). This type of trust has been...
Read MoreJust Sold Your Company?
Just Sold Your Company? Here are some key considerations for the proceeds.Congratulations on selling your business! As you begin to think about what to do with all that money, there are several important things to consider when it...
Read MoreFamily & Wealth
“It didn’t matter how big our house was; it mattered that there was love in it.” – Peter BuffettWhen it comes to including family members in your business or wealth management, there are several things to keep...
Read MoreFamily Wealth
“Quality is remembered long after the price is forgotten.” – Aldo GucciI just finished watching "House of Gucci" on Amazon Prime. This movie represents why I am doing what I do every day. The complexities of family...
Read MoreI Hate Flying
I hate flying. I'm the guy who's white knuckled on take-off and landing, anxiety shooting through the roof, sweat pouring out of my hands like a waterfall every time there's a bump. If there were no bumps, I'm pretty sure the whole...
Read MoreOur First Company Value Is...
"Family" is our number one company value. And by that, we mean that we are all in this to support our own families, our clients' families, our teams' families, and those in the community around us. As we all know, "family" can have...
Read MoreWhy Don't We Talk About Money?
Why don’t we talk about money with our children? What is the hesitation? Are we concerned about spoiling them? Wouldn't it be better to empower our children to make smart financial decisions? Just like when they walked for the...
Read MorePhantom Stock
A phantom stock plan is a deferred compensation plan that awards the employee a unit measured by the value of a share of a company's common stock, or, in the case of a limited liability company, by the value of an LLC unit. However,...
Read MoreWhat does it mean to be a purposeful financial planner?
As I sit here on the plane headed home from a three-day conference with the Purposeful Planning Institute, I am inundated with all the ideas that were shared. The conference was full of so many innovations, but one that stands out for...
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2020… What A Great Year!
2020… What A Great Year! By Peter T. Waldron Managing Partner of Waldron Partners “Time changes everything except something within us which is always surprised by change.” – Thomas Hardy...
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New Year, New Opportunity
New Year, New Opportunity By Peter T. Waldron Managing Partner of Waldron Partners “Write it on your heart that every day is the best day in the year.” - Ralph Waldo Emerson...
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Debt…Leverage!
Debt…Leverage! By Peter T. Waldron Managing Partner of Waldron Partners “Human behavior flows from three main sources: desire, emotion, and knowledge.” – Plato...
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Unfortunately, It's a Fact: You're Going to Die One Day
Unfortunately, It's a Fact: You're Going to Die One Day By Peter T. Waldron Managing Partner of Waldron Partners “What we have done for ourselves alone dies with us; what we have done for others and the world remains and is...
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Straight Talk
Straight Talk By Peter T. Waldron Managing Partner of Waldron Partners “I just think you ought to talk straight with your people.” - John Kennedy...
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Predicting the future!
Predicting the future! By Peter T. Waldron Managing Partner of Waldron Partners “A person often meets his destiny on the road he took to avoid it.” Jean de La Fontaine...
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I Told You So
I Told You So By Peter T. Waldron Managing Partner of Waldron Partners “You cannot escape the responsibility of tomorrow by evading it today.” - Abraham Lincoln...
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Four Dimensional Thought
Four-Dimensional Thought By Peter T. Waldron Managing Partner of Waldron Partners “Evolution has ensured that our brains just aren't equipped to visualize 11 dimensions directly. However, from a purely mathematical point of view,...
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Year-End Tax Strategies
Year-End Tax Strategies By Peter T. Waldron Managing Partner of Waldron Partners "Dear IRS, I am writing to you to cancel my subscription. Please remove my name from your mailing list." — Snoopy The end of the year always has a...
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Myopic Loss Aversion
Myopic Loss Aversion By Peter T. Waldron Managing Partner of Waldron Partners “Power does not corrupt. Fear corrupts... perhaps the fear of a loss of power.” – John Steinbeck...
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