Individuals nearing retirement have many timely decisions to navigate. For those who hold shares of their employer’s stock in an employer-sponsored retirement plan, such as a profit-sharing plan or an employee stock ownership plan (ESOP), it’s an opportune time to determine how to best leverage the appreciated stock by exploring net unrealized appreciation (NUA) tax strategies to support your long-term financial goals. Qualifying Events When certain qualifying events and triggers are met, ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
Why do we invest? It may seem like a simple question, but it is one that is too frequently passed over. We invest to accomplish our financial goals. But those goals are unique relative to the goals of other investors. To illustrate the importance of the story behind an investment strategy, especially as it relates to a life stage, let's consider a couple entering retirement. It's no surprise that a couple entering retirement has very different goals and objectives than a nonprofit ... [Continue Reading]
In what is one of my absolute favorite financial books of the past decade, The Psychology of Money, Morgan Housel introduces us to the concept of “appealing fictions.” Housel defines an appealing fiction as follows: Something you desperately want to be true because of potential huge upside.Is backed up by limited or no data, observation, or reasonable common sense.Polarizing in nature drawing people into factions or tribes. He goes on to describe these “extremely powerful” narratives ... [Continue Reading]
“I’m sad and happy for you.” Some might consider that an odd response to news of a divorce. I have found it to be the best way to acknowledge a very complex situation. I lead off my response with sad, as divorce is a uniquely painful experience. On top of the emotional and psychological challenges, there are many impactful financial matters to be worked through. Division of Financial Labor In many couples, there is one partner who gravitates toward doing more of the financial workload. ... [Continue Reading]
At CCM, we believe an integrated financial plan is key to best supporting our clients in fulfilling their financial goals. In our experience, families benefit most from integration that incorporates investment, estate, tax, retirement, risk management, and philanthropic plans. Since qualified charitable distributions (QCDs) and donor advised funds (DAFs) are tax-efficient charitable giving strategies, their impact is significant across three of the disciplines CCM emphasizes and, thus, the ... [Continue Reading]