2017 Year End Tax Planning Strategies

We will be ringing in the New Year before we know it. As 2017 comes to an end, make sure to execute any tax savings plans that will personally benefit you. Below are a few strategies you may be able to utilize to benefit your specific tax situation. Accelerate Expenses Before year end, take a look at all of your …

PagnatoKarp Welcomes Bob Ciullo From Schwab To Its Advisor Management Team

RESTON, Va., November 13, 2017 /PRNewswire/ — PagnatoKarp welcomes Bob Ciullo to the firm as Managing Director of the Advisor Group, with a primary responsibility for business expansion and growth. Bob is a well-known and respected leader in the financial industry with more than 30 years serving investors and advisors, most recently at Charles Schwab. He will join PagnatoKarp, an …

Fees and Costs: How Much Are You Really Paying?

When analyzing whether your financial advisor has done a good job, it’s easy to be concerned with only one number – the bottom line, the amount your nest egg has grown. But looking only at a starting point and an end point, in separate vacuums, tells little about the story of what could have been. Each little deduction between Point …

(VIDEO) Transparency Changes Everything

  *** Supreme Court Justice Louis Brandeis famously wrote, “Sunlight is said to be the best of disinfectants; electric light the most efficient policeman”. The goal of True Fiduciary™ is to promote transparency across the financial industry and throughout every investor’s financial life. We believe True Fiduciary™ Standards are so effective in doing so that they have the near-term potential …

(VIDEO) Fiduciary Standard: “Best” Is Better Than “Suitable”

David Karp was quoted by Tony Robbins in his book, Money: Master the Game, about what makes a ‘suitable’ vs. ‘fiduciary’ financial advisor. Listen to David Karp explain the difference in standards in this video: Most advisors operate under a standard known as “Suitability.” Doesn’t sound wrong on first impression, does it? After all, the basic definition of “suitable” is …

Your Guide Matters: My Trip To The Amazon

I just got back from a true “bucket list” fishing expedition to the Brazilian Amazon jungle for peacock bass, and while I was able to put work on the back burner for a week, the successful trip led me to think about just how important a fiduciary relationship can be in every transaction we undertake. We flew into the Brazilian …

Teach Your Children Well

We all want to leave a legacy of happy, healthy, well cared-for offspring, but even in the most transparent fiduciary model there are pitfalls that may prevent us from achieving the best possible intergenerational outcomes. If you are reading this, then you are likely open to the idea of placing your future in the hands of a true fiduciary, but …

College Tax Tips To Reduce Your Bill

Whether saving for college, or paying for college, there are great strategies to utilize that may benefit your specific tax situation. Contribute To 529 Plans 529 plans are one of the most popular ways to save for, and pay for college expenses. Their many benefits include: Tax Free Growth. Earnings grow tax free, and distributions are not taxable when used …

3 Ways Successful Entrepreneurs Think Differently

Your thoughts shape your reality. For entrepreneurs and business owners, it’s important to cultivate a successful mindset. The way you think is one of your most valuable assets because your mindset affects what you believe is possible, and that will dictate what actions you take in your life and business. It will govern the risks you take or don’t take …

Taxes – Little Details, Big Impacts

It’s often said that nothing in the world is certain except death and taxes. That’s true to a point, but as in all aspects of life, little details can make a huge difference. Right now the Trump Administration has put Tax Reform at or near the top of their legislative agenda. The White House and Congressional Republican leaders issued the …

4 Keys To Wealth Protection

No matter how much money you have, finances are almost always a concern. Despite bright spots in our overall economy, most people continue to worry and stress about their financial state. High net worth individuals and successful entrepreneurs often worry too, but the details of that stress have evolved from juggling paychecks to preserving nest eggs. Here are the 4 …

Sign On The Dotted Line

Is Your Financial Advisor a Fiduciary? It’s a yes or no question with no gray area. If your advisor is a fiduciary, then they will sign a basic agreement affirming that obligation. Their firm should not only let them do so – they should encourage it! Such a document, like the disclosure form here, would explain in the clearest possible …

Why Is The True Fiduciary™ Standard Necessary?

Throughout the course of your life, you will deal with a vast array of professional experts, almost all of whom you’ll expect to adhere to a certain basic ethical standard, one that allows arm’s length dealings and no hidden motives. We expect our doctors to faithfully follow the Hippocratic Oath. We expect our attorneys to advocate vigorously for our best …

Paul Pagnato Ranked #19 On Barron’s Top 100 Independent Wealth Advisors List

RESTON, Va., September 18, 2017 /PRNewswire/ — Paul A. Pagnato, Founder and CEO at PagnatoKarp, has been named #19 on Barron’s Top 100 Independent Wealth Advisors list for 2017. This is the eighth year Pagnato has been included on the list of America’s most prestigious top advisors. “As a firm, PagnatoKarp is focused first and foremost on providing transparent, objective advice that addresses three …

Is Technology Taking The Economy Nowhere Fast?

By David Karp, PagnatoKarp “If valuations are similar or higher than past bubble peaks, how can today’s cycle not be considered a bubble?” –Eric Cinnamond (value investor) If you listen to the financial media, the recurring answer to Eric’s question is in reference to the wave of amazing technology sweeping the globe. Technological advances are the cornerstone to sustainable and durable …

How To Turn Time Management Into More Time

“You may delay, but time will not.” These are the words of the ever-practical Benjamin Franklin, and they are, dare I say, timeless – they apply just as much today as they did when he said them. Time management is important for all professionals, and is utterly essential for entrepreneurs. Most of us can probably rattle off at least five …

The Value of a Fiduciary Advisor Reaches 4% in 2017

Written by: Brad Jung | Russell Investments, March 29, 2017 Updating our annual “Value of a Fiduciary Advisor” study for 2017 seems especially relevant given the spotlight that the DOL fiduciary rule has shone on all manner of fees in recent months. Regardless if the fiduciary rule is materially changed or not during the current delay, the fact remains that fees – and the value clients derive …

The 19 Questions to Ask Your Financial Adviser

Wall Street Journal, by Jason Zweig, Aug 25, 2017 The burden of finding an adviser who will act in your best interest is on you. Getting all stockbrokers, financial planners and insurance agents to act in the best interests of their clients is a struggle that financial firms and their regulators still haven’t resolved. That should be their job — but for …

3 Steps To Prepare For Major Emergencies

Affluent families often have heightened concerns about events that could pose a threat to their well being and security. From natural disasters to acts of terrorism, you generally receive little or no advance warning of a major emergency. Establishing a plan for such situations can put your “what-if” worries to rest. When it comes to starting the conversation, your portfolio …