Our Blog: The Bishop’s Piece

Five Year-End Tax Tips

With the end of the year fast approaching, let’s remember that we still have time to save on taxes. Even though we can’t control the markets, there are some things we do have direct control of and most are centered around taxes. We know the tax rules today and we can take steps now to […]

How to Read a Prospectus

We get these thick booklets mailed to us at least annually, and usually they go directly into the recycling bin. Being an advisor, I hope clients read them and understand them, but in reality they are not entertaining to read; unless you understand the inner workings of a fund it is going to be like […]

How to Protect Your Personal Data Online

Data breaches, once a fairly rare occurrence, have become more frequent as hackers become more skilled in their ability to extract personal data from popular social media sites such as Facebook and Twitter. And while we commonly hear about breaches from these large, global organizations, it’s important to remember that small businesses are just as […]

Prepare for the Next Market Downturn

With a negative yield curve, trade wars and slowing growth in the economy, a poll showed that majority of business economists believe we will enter a recession in the next 2 years (National Association for Business Economics). While this seems inevitable with the facts in front of us, there is no litmus test for a […]

Do you have an Aging Plan?

No one likes to think about getting old, but it’s an eventuality that we cannot escape. Sooner than later we should start thinking about how this process will affect our lives, the lives around us and put together a plan to deal with these changes, also known as an aging plan. An aging plan is […]

Investing with Purpose

What is the difference between investing and having a financial plan? While investing can be fun and invigorating, especially when everything is going well, there will inevitably be a time when performance suffers and this is when having a financial plan is critical. A financial plan provides a “purpose” to your investing. When we have […]

Strategies to Pay Less Tax

As we are now in the thick of tax season, I get asked frequently “how can I pay less in tax?” While you should usually be happy to pay more in federal taxes (because that means you probably made more), there are strategies that with a little time and effort can reduce your overall tax […]

Financial Missteps

Personal finance, like just about everything else, is mainly common sense. Advice like “don’t spend more than you make; start investing while you’re young; don’t loan money to friends with the expectation of getting it back,” have been around for generations, and most likely will survive the next few generations as well. Even money mistakes […]