Monday, 19 November 2018
With the Patriots in full swing, we thought this would provide an interesting way to frame tax planning.
With Belichick at the helm, I always think that his process is his most valuable commodity. The Pats get off to slow starts quite often in my eyes, but their September team is often completely different from their December (and beyond team). They show progress and are constantly innovating. It’s great to think of your tax planning in a similar fashion. This year’s long-term plan could be affected by new legislation, newfound wealth, new transitions, etc.
Tuesday, 11 September 2018
We want the best for our children. As the recent father of a newborn Madelyn, I can only imagine the stuff I will do in the short- and long-term so that she (and sister Shelby) can enjoy the best in life.
We want the best for our children. As the recent father of a newborn Madelyn, I can only imagine the stuff I will do in the short- and long-term so that she (and sister Shelby) can enjoy the best in life. We invest our time and love, and we also impart our knowledge. Through us, they learn about the world, values, and how to handle their money. In fact, studies show children’s money habits can be set by the tender age of 7.
What the Patriots Can Teach Us About Investing & Other DLFG Highlights
In honor of Coach Belichick and the Patriots unheralded run of success, we wanted to highlight some great lessons that they can teach us about investing:
Ignore the noise:
The Pats do a great job of ignoring the media and controversy that they try to create. The sky is always falling, yet the Pats have shown a long-term history of success. The same is true in the investment markets. We term it Headline Risk - see this video from DFA. There is always something to be concerned about. In the media, fear and drama sell, whether it’s about the Presidency, Gronk’s retirement prospects, Y2K, or the latest TB12 drama. How many football teams would have made it through ‘Deflategate’ and won the Super Bowl? One.
2018 Semiannual Newsletter: Your Life. Your Community. Your Plan.
Our work is fun and extremely gratifying. Each passing year seems better than the last. Thanks for your commitment to our firm’s process and philosophies. Special thanks to the CPAs, Attorneys, and friends that introduced new people to the firm. We welcomed many “nearly-retired” couples, retirees, and closely-held businesses to the firm in 2017. To better and more efficiently serve you, we continue to evolve. Here are some recent updates that are worth sharing:
- We adopted the “Wealthguide” system to serve as our one-stop shop for anything relevant to your business or personal situation, such as your Estate Plan, Income Plan, Investment Policy, Workplace Benefits, etc. We track and review 30+ areas of your situation to make sure your goals are met in a variety of future scenarios.
- Our Business Continuity documents were updated (as we do annually) to make sure there is a clear path should an unfortunate death or disability occur. “What happens to my accounts if something happens to you?” always has a clear answer.
- Increased regulation has forced us to be more selective on the type of client that we can work with. In response, we increased the asset level for all new clients.
- We sharpened up our Core, Internal Processes. Our Disaster Recovery, Client Onboarding, Client Review, and 401k Implementation processes were all updated. We look forward to seeing many of you this Tax Season. Have a great start to 2018!
Dennis, Rich & Shannon