Headlines are crafted with a goal of grabbing your attention. They are designed to get you to buy, click, or react. And they often do this not by focusing on topics that engage the areas of your brain responsible for logic and reason, but rather the more primal elements of greed and fear. Even armed with that knowledge, their siren song is hard to resist. Take for example the widely discussed financial topic of the moment—inflation. Reading headlines like, “The Specter of ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
Cabin season is here! It is the time of year when roads fill up on Fridays and Sundays as people trek to and from cabin getaways. Some of my fondest memories growing up were spending time at my aunt and uncle’s cabin navigating the boat with my grandpa and cousin for the hot fishing spots. The fish tales made their way to the eulogy I gave for my grandpa a few years ago. When my kids were younger, my wife and I would rent a cabin every year over the Fourth of July. After a brief hiatus to ... [Continue Reading]
Roth accounts play a very important role in creating a tax-diversified retirement savings strategy, providing tax-free income during retirement. Because Roth accounts are funded with after-tax contributions, they grow completely free of income taxes. As a result, we work with many clients to maximize the amount accumulated within Roth accounts under the principle that accumulating as much money in Roth accounts as soon as possible allows for the most tax-free growth. The most common ... [Continue Reading]
As I reflect on the past year, it has certainly been one where priorities and boundaries have been stressed more than ever. For many of us, all the related demands have tested work-life balance like perhaps never before. In a society where parents sometimes get the message that they ought to work like they don’t have children and raise children like they don’t work, it has been easy for me to fall into the trap of striving to be like Wonder Woman. I’ve had to slow down, breathe, and not allow my ... [Continue Reading]
With springtime comes graduation season, a time when many parents and grandparents examine their educational savings strategies and take action—discussing them as a family and, in many cases, redoubling their efforts to save funds for future college-bound graduates. Although 529 college savings plans are growing in popularity, roughly 66% of investors 1 are unaware of them and their benefits. A recent study suggests that, on average, a child is seven years old when a 529 account is ... [Continue Reading]