By Glenn J. Downing, MBA, CFP®
A lot has happened in our regulatory world since I posted the original blog piece, The Advice Industry. The DOL rule is void. The SEC is now working on final new rules for standards of client care.
The government regulates this industry –...
By Glenn J. Downing, MBA, CFP®
This is a really good Frequently Asked Question. Instead of taking out a 30-year mortgage, should I take out a 15-year loan? How much more are the payments? How much would I save? Can I afford it? Great questions all.
A Sample 30-Year Mortgage
Let’s use a...
by Glenn J. Downing, MBA, CFP®
I know many people reading this blog post have never engaged a professional financial planner before, and may be a bit anxious about what to expect. So let me tell you all about working with a financial planner at CameronDowning.
The First Meeting is Always...
by Jonathan G. Cameron, CFP®
Although there are many similarities these are two very different kinds of insurance. Disability insurance coverage protects wages lost due to an illness or accident. In contrast, long term care insurance is designed to help cover costs of health care services....
By Jonathan G. Cameron, CFP®
What is a Roth IRA?
One of the most popular ways to save for retirement is in a Roth Individual Retirement Account, or a Roth IRA. Roth IRAs first came out in 1997 after being championed by former Senator William V. Roth of Delaware. Tax-wise, a Roth IRA is...
by Jonathan G. Cameron, CFP®
Investing for Millennials is an important topic for a generation set to inherit a massive amount of wealth over the next few decades. Millennials will likely inherit $30 trillion from boomers over the next 30 years[1]. The questions for Millennials are,...
by Jonathan G. Cameron, CFP®
A Roth conversion means taking your Traditional IRA, or some portion of it, and turning it into a Roth IRA. Whatever dollars are converted become taxable to you right then and there.
Who should consider a Roth conversion?
In a previous post...
by Glenn J. Downing, MBA, CFP®
In this post I’m tackling a tax topic: The difference between ordinary income taxation and capital gains taxation. What’s the difference and why is it important to know? One word: taxes.
The IRS taxes your income, as you know, but it also taxes...
by Glenn Downing, MBA, CFP®
In a previous entry I discussed the difference in taxation of capital gains property vs. ordinary income property. That piece discussed what happens on your form 1040. This piece looks ahead to your eventual mortality. What happens when you...
by Jonathan G. Cameron, CFP®
An important financial concern that we often hear from clients is, “How can I improve my credit score?” First of all, I have to give a quick disclaimer that our company, CameronDowning, is not a credit repair or debt consolidation service. Our goal is...
by Jonathan G. Cameron, CFP®
Isn’t it funny that we are expected to make the biggest decisions of our lives when we are young?
We get married, we pursue a career path, maybe have children. We have to make quite a few decisions that will affect us the rest of our lives and...
By Glenn J. Downing, MBA, CFP®
With this blog post I’d like to share some thoughts about investment risk tolerance.
Generally, we think about risk as a bad thing – something we want to avoid. “I won’t drive faster and risk a speeding ticket”, and, “No,...
