Broker Check

Blog

What’s on our mind?  You can read about it in our blog.  Whether it’s ideas from the industry, our concerns and observations, or emerging trends, you can find it here.  Once in a while, we may toss in a movie review or some other surprise.  So keep checking in.  We’re glad to have you reading along.

Monday, November 29, 2021

If you zoom out and look at the big picture, the challenge of improving your bottom line optimization is simple – theoretically, at least. You can increase your revenue, you can lower your expenses, or you can do both. Here are 7 ideas ...

Thursday, November 11, 2021

On Veterans Day, it’s hard to look away from the catastrophe in Afghanistan. The consequences of a war lost through incompetence, delusion and self-defeat will reverberate beyond South Asia. In America, the lack of commitment to...

Wednesday, November 10, 2021

NO TIME TO DIE Director: Cary Joji Fukunaga The latest James Bond film (of 25) crashed through the Pandemic onto wide bombastic screens to a loyal public anxious for thrills, a clever plot, humor, beautiful girls and classy repartee....

Wednesday, September 15, 2021

It can be incredibly difficult to make sense of data. A report coming from one body may tell you one thing, and another report might seem to offer a wholly different perspective.Such is the case with August’s jobs numbers from...

Tuesday, August 31, 2021

Your workplace retirement account can play a critical role in your overall retirement strategy. CNBC eported that 401(k) accounts are at all-time highs...

Show All

Tuesday, July 13, 2021

YOUR AFTERNOON NEWS UPDATE AND MARKET ACTION FROM CNBC AS OF TUE, JUL 13, 2021 • 11:55 ET The CPI report out this morning wasn't pretty. Prices are up 5.4% from last June, the most since 2008 (the core yearly gain of 4.5% is the...

Thursday, June 17, 2021

Need help getting started with your estate plan? This checklist will help you understand and track the important documents and elements you'll need to consider. Consider it as an...

Sunday, June 13, 2021

Recently, you may have seen headlines regarding the Securing a Strong Retirement Act, also referred to as the second version of the SECURE Act, or SECURE Act 2.0. As the bill moves from the House of Representatives to the Senate, many...

Monday, June 7, 2021

Most of us who can still remember Chet Huntley, know him as the slightly less polished member of ‘Huntley and Brinkley,’ a nightly news show (1956-1970) that mixed news reporting with incisive commentary, sometimes witty,...

Thursday, June 3, 2021

As your beauty fades, so will his eyesight Housework can't kill you, but why take a chance? Cleaning your house while your kids are still growing up is like shoveling the sidewalk before it stops snowing. The reason women don't play...

Thursday, June 3, 2021

A living trust is a popular consideration in many estate strategy discussions, but its appropriateness will depend upon your individual needs and objectives. What is a Living Trust? A living trust is created while you are alive and...

Tuesday, June 1, 2021

Did you know that more than $11.2 trillion in assets are benchmarked to the Standard & Poor’s 500 Composite Index, including $4.6 trillion in index assets?1,2 The S&P 500 is ubiquitous – we see it on the news, read about it...

Wednesday, May 26, 2021

The traditional Sussex County Memorial Day Service will be held on the Circle in Georgetown, Sunday, May 30th at 1:30 PM sponsored by the Georgetown Kiwanis Club, Korean War Veterans Association and the Georgetown-Millsboro Rotary Club...

Wednesday, May 5, 2021

High net worth investors face investment challenges that some would consider unique to their financial status. The fundamental tenets of investing apply equally to them as with any other investor, but the affluent investor needs to be...

Monday, May 3, 2021

During your accumulation years, you may have categorized your risk as “conservative,” “moderate,” or “aggressive” and that guided how your portfolio was built. Maybe you concerned yourself with...

Wednesday, April 28, 2021

Now and again, the price action on Wall Street can surprise even the most seasoned investors. Look no further than when President Biden in late April proposed an increase in the tax on capital gains to 39.6% from 20% for those...

Tuesday, April 27, 2021

Short-term Inflation has emerged as a top concern of investors as they size up the economy. According to Deutsche Bank, Google searches for “inflation” are rising rapidly. Fed Chair Powell stated short-term rates will be restrained thr. . .

Monday, April 26, 2021

After working with investors for more than 50 years, I have learned many things about human nature. Especially when it comes to people’s money. Value Investing Requires Intelligent Patience. Perhaps the most vivid lesson I have...

Monday, April 12, 2021

It’s never easy to look at an important subject like family business succession planning and offer just three big takeaways to help families protect their hard-earned wealth. But after delivering more than 800 speeches in more...

Saturday, April 10, 2021

by Peter Schiff of Euro Pacific Capital, 4/6/21 Recently, a piece of collage art entitled “Everydays: The First 5000 Days,” by an artist known as Beeple, sold at a Christie’s auction for $69 million. The Wall Street...

Tuesday, March 30, 2021

For those with a Dependent Care Flexible Spending Account (FSA), there may be some good news on the horizon. The American Rescue Plan Act, signed into law by President Joe Biden, boosts the amount that companies can allow workers to...

Monday, March 22, 2021

The Internal Revenue Service estimates that taxpayers and businesses spend 8.1 billion hours a year complying with tax-filing requirements. To put this into perspective, if all this work were done by a single company, it would need...

Wednesday, March 17, 2021

Seldom do I reread something for pleasure, but when I stumbled across my copy of Clarence Day’s short ‘memoir’, God and My Father, I gave in. 90 years after it was published in 1932, it still limns beautifully the...

Friday, March 12, 2021

The House of Representatives passed a $1.9 trillion relief package focused on economic relief following the COVID-19 pandemic. The bill was signed into law at the White House on Thursday.1 Beyond the much-discussed $1,400 stimulus...

Friday, March 12, 2021

Perhaps. Let me give you my perspective. Rule #1: Live below your means. Rule #2, see rule #1. Rule #3, keep a minimum reserve for emergencies. Rule #4: After that, take whatever you have saved and look to invest it so it will 1 earn...

Monday, March 1, 2021

On Monday, Feb. 22, the White House announced several changes to the Paycheck Protection Program (PPP) that went into effect on Wednesday, Feb. 24. These changes are intended to further target “the smallest businesses and those...

Tuesday, February 23, 2021

The acronym “SPAC” is showing up more often these days because there is some big money behind the revitalized investment approach. SPAC stands for Special Purpose Acquisition Company, and they are sometimes referred to as...

Monday, February 22, 2021

Federal Estate Taxes have provided government funding almost since our founding. In 1797, Congress required revenue stamps to be applied to wills and property transfers to fund wars and expeditions only to be repealed in 1802

Friday, February 19, 2021

At this time last year, it was still unknown that a deadly global pandemic was on the rise, eventually stalling economic growth and sending crude oil prices into negative territory. But recently, oil prices have surged, with crude...

Thursday, February 18, 2021

What's your "go-to" source for financial information? "Family and friends" is the #1 answer given in the annual Retirement Confidence Survey. But a close second is search engines and other online tools, including online forums like...

Tuesday, February 9, 2021

Jeff Bezos, one of the wealthiest people in the world, announced he would take a different role at his company, Amazon. For one of the largest companies in the world, the story can jump from Wall Street to Main Street, roiling markets . . .

Monday, February 8, 2021

The Year of the Ox is almost here – time to bring out the red envelopes, light up the sky with fireworks, and bring in the new. February 12th marks the beginning of the Year of the Ox. The second animal of the Chinese zodiac, the...

Tuesday, February 2, 2021

You may have heard the news about certain stocks suddenly ballooning, quickly going from lunch money prices to several hundred dollars a share. In one case, the shares rose over 1700% since December. So, what gives?...

Monday, January 25, 2021

The personal savings rate in the United States, which is the amount of income left after taxes and household spending, has reached some significant milestones. In April, when much of the country stayed home to avoid the COVID-19...

Friday, January 15, 2021

This month, America honors the legacy of Dr. Martin Luther King, Jr. As we look around today, we see manifestations of that legacy in the form of stronger, more diverse communities, in the continued fight for equality, and in the...

Thursday, January 14, 2021

Trinity College’s foremost Joyce expert, Kevin Coyle, is murdered on Bloomsday and Dublin's Chief of Detectives. McGarr, tries to tie it to Ulysses despite his aversion to Joyce and the insipid characters in Coyle's life. . .

Thursday, December 17, 2020

Patrick Kelly’s vaunted major opus, Tax-Free Retirement, lives up to the hype. Taxes and other perils are set to destroy your retirement income. He shows how to defeat these demons and secure tax-free income in retirement. . .

Thursday, October 15, 2020

Charles de Gaulle once remarked, “The graveyards are full of indispensable men.”¹ While we know that life goes on regardless of the loss of any “indispensable” person, for a small business, the loss of a...

Tuesday, October 13, 2020

If you have had any previous experience with a financial advisor, chances are the conversation revolved around (A)”how much money do you have,” (B)”where is it located,” and (C)”we can do a better job...

Thursday, October 1, 2020

Final article covering false retirement assumptions or Myths including lifestyle and financial expectations and what you should expect and can do to avoid losses and disappointment in retirement. . .

Tuesday, September 22, 2020

Ronald Reagan loved to use memorable, colorful stories to make a point. The Little Red Hen is his Orwellian lesson on Basic Economics. You see, there was once a Little Red Hen who uncovered some grains of . . .

Thursday, September 17, 2020

PART ONE My earlier articles on retirement provoked many requests for more “direction” regarding retirement planning. Each retiree's needs are personal and unique. Let me dispel 10 false beliefs about retirement in two articles ...

Wednesday, August 5, 2020

We have helped hundreds of clients retire comfortably. Retirement lifestyles vary and can take unexpected twists and turns. Is your retirement planning robust enough to accept wrenching new decisions and developments. Some choices proved

Tuesday, June 30, 2020

The due date for Income Tax filing is July 15th is the ‘new’ April 15th -- “Tax Day.” Taxes have been a source of frustration, anger, lobbying and fudging for millennia.... some favorite quotes about taxes from Ben Franlin, Will Rogers, et

Wednesday, June 3, 2020

Ben Franklin said, “..nothing is more certain than Death and Taxes.” How you meet and deal with them may write your epitaph. For those of us operating a ‘pass-through’ business –- one that files federal...

Tuesday, April 28, 2020

With the Covid-19 virus keeping us sequestered and working from home, we are learning new things every day – like where the dog dozes most of the day, what snacks we don’t have and maybe how to go ‘stir crazy.’...

Monday, February 10, 2020

We are currently in the early stages of the greatest wealth transfer in modern times, if not in all of recorded history. Almost $12 Trillion in private, mostly small businesses will be sold, fold or survive a change of ownership in .....

Monday, February 10, 2020

While Small Business is the ‘Backbone of our Economy,’ Family Business is its DNA. Think of the family farm when the family lived over the livestock, then the butcher lived over the butcher shop, the owner over the...

Monday, February 10, 2020

As consultants to “small business” we have found most successful owners and entrepreneurs do the same things to assure their success. A ‘Small Business Manual’ does not exist. Textbooks are filled with advice on...

Friday, October 11, 2019

There is a lot of talk today about gender discrimination. Some politicians want to simply legislate that gender is always neutral and some want to invent a third sex, with special bathrooms. This is all nonsense. Yes, there is a...

Friday, October 11, 2019

Your work environment and your outlook impact your health. Maintaining your health and wellness at work requires several steps to reduce stress and create awareness of the hazards to your well-being.

Saturday, July 20, 2019

“Over and over again courts have said that there is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay...

Thursday, June 20, 2019

When builder George P phoned to ask how we work with clients, it became clear he would rather repair a roof in a snowstorm than meet with me. However, his accountant insisted. I tried to answer When a builde in kind. I said, “We work the...

Wednesday, June 19, 2019

For many, the term “401k” or “403b” is synonymous with retirement preparation and sometimes is the full extent of their financial preparedness. Such accounts are usually part of an employee benefits package and...

Saturday, June 15, 2019

Consumers are seeking information, even instruction, about personal finances. Some, for specific goals such as retirement or college expenses; some is simply to learn how to make ends meet or to become more confident or wealthy . . .

Tuesday, April 2, 2019

Your child isn't the high school valedictorian? Qualify for a scholarship? In fact, thousands of dollars are awarded each year for the most unusual things. Consider these: Right-handers need not apply. Frederick...

Wednesday, March 6, 2019

Here are some counter-intuitive thoughts: If you won the lottery today would you put your money into an account that earns zero interest? When you pay off your mortgage, you reduce the interest you pay on your loan, but you no longer...

Tuesday, March 5, 2019

Did you remember to review your Estate between Christmas and New Year’s? 2019 is in full swing. Now is a good time to review your estate documents. Are your Estate Planning documents in place and current? It is important you...

Tuesday, March 5, 2019

Your partner is Uncle Sam and he makes the rules. Those rules can change at the stroke of a pen. You do NOT get a tax deduction when contributions are made. You receive an income reduction and defer the tax liability. You or your...

Thursday, February 21, 2019

A professor brought a large clear jar into class. He set it on the lab table in front of him. He reached under the table and began to fill the jar with smooth river rocks and told the students to stop him when the jar was full. Soon...

Saturday, December 8, 2018

What if you had to buy a new car each year for four years, at least, and you couldn’t drive them? Sound absurd? That’s the cost of a College Education. Whether you pay for a fleet of Honda Civics, Priuses, or loaded...

Sunday, November 18, 2018

I am happy to say that my condition will soon better. I owe it all to Dr. M. My Family Doctor, Dr. M of Bayhealth in Milford examined me when I complained that my nose was invariably stuffed beyond breathing every morning and was...

Tuesday, October 23, 2018

I hate losing money. I don’t like to spend money when I don’t know if I what I buy will get used. But, I DO buy fire, auto, and health insurance, etc. The truth is I couldn’t sleep without these protections. In a...

Wednesday, September 19, 2018

The 28th annual Retirement Confidence Survey for 2018 sponsored by multiple banks, brokers and AARP of 2,000+ retirees and workers shows some interesting results. Notably, retirees are less confident about their money holding out. They...

Tuesday, July 31, 2018

Boy Scout motto: ‘Be Prepared’ Owners planning to exit their businesses in the next decade, voluntarily or not, may be in for a rude awakening. A successful transfer is the result of careful preparation. “Plan for the...

Tuesday, July 24, 2018

I am a die-hard fan of The Profit, the TV program that showcases Marcus Lemonis’s attempts to rescue failing businesses. His mantra – People, Process, Product – rings true and is proven over and over again. But...

Thursday, June 28, 2018

A boy asks a wealthy businessman how he is able to make money without being a wage-earner like most other grownups. The businessman is amused... “I will tell you...

Tuesday, June 19, 2018

The short answer is, “Yes.” Well, maybe. Most likely. Contrary to the rumors, the charitable deduction is unchanged. However, the applicability of the deduction – claimed by those who file using itemized deductions...

Sunday, November 5, 2017

“The Real Cost of a Vacation Home” – Rebuttal A few weeks ago, a video was sent to my email list and to my ‘friends’ on Facebook, Twitter and linkedIn. As sometimes happens, I failed to review the video...

Wednesday, October 18, 2017

In the last two days different people expressed the same sentiment with which I found myself in whole-hearted agreement. One man mentioned that he insisted his daughters pay a part of their college expense from money they earned...

Friday, July 7, 2017

WHAT IS A CONUNDRUM??? Free people are not equal. Equal people are not free. (Think this one over and over… makes sense!) A gun is like a parachute. If you need one, and don't have one, you'll probably never need one again. The...

Thursday, June 8, 2017

Investment salesmen have been touting their company inventory rather than the best available selections. The Department of Labor has ordered investment sales organizations to act as fiduciaries for their customers

Tuesday, May 23, 2017

The cost of College can be extremely expensive: Now $14 to $62,000/year growing 5-8% annually. Saving smarter will stretch those dollars, avoiding tax and excess risk, while offering unique flexibility. Permanent life . . .

Monday, May 1, 2017

If, when you hear R&D, you think of people in lab coats tinkering with chemicals, ultra high-tech industries and Fortune 500 companies, you are not alone. However, things have changed!In 2001 the IRS changed the definition of R&D and...

Thursday, April 27, 2017

A soldier sleeping during an airport layover with his canine partner.There is no measure of loyalty greater than that shown here.Sleep soundly soldier.A worthy goal in life is to be as good a person as your dog thinks you are!God...

Monday, April 10, 2017

A simple case study. [specialized tax incentives] Cost segregation has the effect of increasing depreciation deductions which in turn reduces taxable income, and in turn minimizes taxes paid and maximizes cash flow. This article...

Thursday, April 6, 2017

The Workers Opportunity Tax Credit [WOTC] applies if you hire specific types of employee. Credits run from $1,200 to $9,600 depending on the individual. The average is $2,400. A taxable business may apply the credit against its...