Articles Archives - Page 2 of 3 - FP, Inc®

Quantifying the Value of an Excellent Financial Advisor

For any business relationship to work, the value gained for both parties must exceed the cost. The calculation for a financial advisor is quite simple: The relationship works for the advisor if the compensation received in return for advice and service is enough to cover costs and a reasonable profit. The calculus for clients, when more »

Why Becoming An S Corp May Be Bad For Your Retirement Plans

By: W. Devin Wolf, CFP® Conventional wisdom encourages small business owners to form an S Corporation to reduce the amount of self-employment taxes they owe. The idea is to reduce your wages and pay profits out through a profit distribution that is not subject to the 15.3% (employee and employer combined) self-employment tax. For high more »

Financial Plan Featured in InvestmentNews

InvestmentNews recently featured Financial Plan, Inc. in an article on how FP, Inc. uses technology to improve client service. This story is unique as most firms use technology to make their life better (save time, improve profit margins, etc.), but at Financial Plan the decision making process begins with the question “what is best for more »

3 Ways to Protect Yourself from Fraudulent Advisors

By W. Devin Wolf, CFP® 19 June, 2014 Trusting your advisor because they are friendly and seem nice isn’t adequate to protect yourself from fraud. In reality most fraudulent advisors (and serial killers too for that matter) are charming individuals who have a knack for getting you to let your guard down. Here are 3 more »

How to Choose a Financial Advisor in 2014

Choosing the right financial advisor for your wealth management needs can be a daunting task. There are countless firms and individuals advertising themselves as investment managers, brokers, or advisors – and in some cases, it’s not in their best interest to tell you exactly what services they offer from the outset. Throw in the variety more »

How to Avoid the “Rigged” Stock Market

60 Minutes recently reported on a new book by Michael Lewis entitled “Flash Boys.” The book explains how high frequency traders have “rigged the US Stock Market” by using computers to identify the stocks you want to buy, purchasing the shares of that stock (effectively pushing up the price), and then selling them back to more »

Tax Planning and the Child Tax Credit

By: W. Devin Wolf, CFP® If you have children qualifying for the Child Tax Credit and make in the neighborhood of $110,000 to $200,000 per year, this pertains to you. If not, feel free to ignore or share with someone who does. What is the Child Tax Credit? (Note: All numbers used below and in more »

Social Security No Longer Mailing Checks

If you are currently receiving paper checks in the mail for your Social Security, disability and other benefits this will stop as of March 1st, 2013. If you are currently receiving paper checks in the mail for your Social Security, disability and other benefits this will stop as of March 1st, 2013. You either need more »

5 Ways to Make Your 401(k) Plan Work for You in 2014

Start 2014 off right by making your 401(k) plan work for you. 1. Take the free money! Make sure you are taking advantage of your employer match. Employer matches have been increasing, with most offering a dollar-for-dollar match for the first 6% of employee deferrals (up from $0.50 per $1.00) according to the 2013 AON more »

Should You Be Making Charitable Contributions From Your IRA?

As of 12/18/2015 Congress has made the QCD (Qualified Charitable Distribution) permanent. Previously the “IRA Charitable Rollover” had a termination date and Congress had to annually approve the QCD. With this most recent legislation the termination date has been removed, effectively making the QCD permanent. Although the article below references years 2012 and 2013 the information more »