Don’t Get Distracted by Financial Headlines – Stick to Your Financial Plan financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Jan 30, 2020

by Jonathan G. Cameron, CFP®

We’ve all seen the financial headlines:

“Sell everything and buy gold!”

“Time to take profits off the table!”

“The market is poised for a big upswing – get in now!”

“Make 16% guaranteed with tax lien...

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You Are Generous. Give Creatively. financial planning for attorneys financial planning for entrepreneurs financial planning for retirement Jan 29, 2020

By Glenn J. Downing, MBA, CFP®

Charitable Giving

As a financial adviser, I am privileged to work with many wonderful people who give generously. These are people who want to leave a legacy. These are clients who want to leave money behind which will continue to accomplish the good works the...

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The FRS Investment Option financial planning for retirement Jan 27, 2020

By Glenn J. Downing, MBA, CFP®

FRS participants have a choice among two retirement plan options:


The investment option, which is a defined contribution plan (DC)
The pension option, which is a defined benefit plan (DB)
In previous posts, I covered both the FRS Pension Option and the DROP...

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72 Is the New 70½ financial planning for retirement Jan 25, 2020

by Glenn J. Downing, MBA, CFP®

All the rules for Required Minimum Distributions (RMDs) changed with the SECURE Act of 2019.  In this piece I go through the changes.  

Important Ages

There are two important ages in retirement financial planning: 59 1/2 and 72. The former marks...

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Some Thoughts on College Funding financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals Jan 24, 2020

By Glenn J. Downing, MBA, CFP®

As many of you know, I am a CFP® instructor with Zahn Associates and have been for many years.  As I write I'm reviewing the material for General Principals of Financial Planning, which I’ll be teaching again soon. Part of that course is college...

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Deferred Retirement Option Program (DROP) financial planning for retirement Jan 23, 2020

By Glenn J. Downing, MBA, CFP®

The Deferred Retirement Option Program (DROP) is available to Florida Retirement System (FRS) pension plan participants. As a DROP participant, you earn your salary while your monthly pension is paid into the FRS Trust Fund. You earn interest at the rate of 1.3%...

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Life Insurance Part 1 – A Little History financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Jan 21, 2020

by Glenn J. Downing, MBA, CFP®

The fundamental reason to buy life insurance is that someone else is depending upon you for a living.  Plain and simple.  It is risk transfer:  in exchange for premium dollars, the insurance company will make a payout at your demise.

The life...

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Finally! The Government Pays YOU! financial planning for retirement Jan 20, 2020

By Glenn J. Downing, MBA, CFP®

This blog post is actually the first of a trilogy having to do with Social Security.  The second is about the Taxation of Social Security Benefits, and the third is, Will Social Security will be There When I Retire?  

The Social Security benefit...

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Life Insurance Part 3 – Why Haven't You Bought the Coverage You Know You Should Have? financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Jan 16, 2020

by Glenn J. Downing, MBA, CFP®

If you dropped dead tomorrow your family would be in a world of hurt.  You know this.  Yet you haven't purchased life insurance.  Why not?  Before you get into it, check out Part I and Part II of this 3-part series.  

Why Haven't...

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How Much Investment Return Do I Need to Make? financial planning for attorneys financial planning for entrepreneurs financial planning for retirement Jan 15, 2020

by Jonathan G. Cameron, CFP®

Having great investment portfolio returns may not get you to your retirement goals. You could have (in theory) spectacular returns every year for 20 years and still not realize the retirement you want. Do we like strong investment performance? Sure. Should stellar...

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Understanding Medicare, Parts A – D, and Medigap Policies financial planning for retirement Jan 15, 2020

By Glenn J. Downing, MBA, CFP®

Original Medicare is a creation of the Johnson administration in 1965.  Medicare is health insurance for those aged 65+.  There is a premium associated with coverage, and this premium is deducted from the Social Security Benefit.  As with any...

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The FRS Pension Option financial planning for retirement Jan 14, 2020

By Glenn J. Downing, MBA, CFP®

Employer-sponsored retirement plans can be split into two groups:

  • Defined Contribution Plans, or DC Plans
  • Defined Benefit Plans, or DB Plans

As the name suggests, the salient feature of any defined contribution plan is the input – how money goes into the...

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