StampNotes

BLOG, COMMENTARY, AND NEWS

Backdoor-roth-pro-rata-rule

Learn the One Big Caveat About the Backdoor Roth: the Pro-Rata Rule

By Cary Stamp \ May 20, 2022

Here’s the big question to ask yourself before starting a “backdoor” Roth IRA strategy. Do you already have other IRAs? In this video, Forbes Best-In-State wealth manager Cary Stamp, CFP® explains how the Backdoor Roth Pro-Rata Rule impacts the tax efficiency of the backdoor Roth IRA, and provides the potential solution! TRANSCRIPT: I’m Certified Financial Planner Cary Stamp. This is going to be a Principled Wealth Moment on what to watch out for when you’re doing the backdoor Roth IRA.…

READ MORE ⟶
Optimal Social Security Claiming

A No-No for High Earners: Overlooking the Optimal Timing for Claiming Social Security

By Josh Weller \ April 18, 2022

The maximum monthly Social Security benefits for 2022, and why the timing of claiming benefits is important for everyone. As high earners approach retirement, too many overlook the importance of claiming social security benefits at the optimal time. A number of personal reasons or assumptions are to blame for the blasé attitude. The most common is the perception that the claiming decision won’t make a difference in their finances. Another is a misguided assumption that the social security system will…

READ MORE ⟶
Cary-Stamp-Best-In-State-Wealth-Advisor

Cary Stamp, Founder of Cary Stamp & Co., Named on Forbes Best-In-State Wealth Advisors List for Second Consecutive Year.

By Contributing Staff \ April 17, 2022

Stamp again on Forbes Best-In-State list spotlighting top regional financial advisors throughout the country. Tequesta, FL  (April 18, 2022)  Cary Stamp & Co., Principled Wealth Advisors, a provider of financial advisory services based in Palm Beach County, FL, announced that founder Cary Stamp, CFP® has been named a Forbes Best-In-State Wealth Advisor for 2022. This is the second consecutive year that Stamp has been named. The list is published online at: https://www.forbes.com/best-in-state-wealth-advisors. According to Forbes, a leading U.S. financial publication, the list spotlights…

READ MORE ⟶
Nuclear-Energy-Climate-Solution

Should Nuclear Energy Have a Place in Sustainable Investing?

By Josh Weller \ March 21, 2022

With Nuclear Energy’s Potential Contribution to the Net Zero Climate Change Solution, Is It Time to Start Asking the ESG Question? At the time of the largest nuclear accident in U.S. history, I lived 81.4 miles northeast of Londonderry Township, PA, the site of the infamous event at Three Mile Island. Six months later, the famed MUSE Concerts For a Non-Nuclear Future (No Nukes) were held at Madison Square Garden, mobilizing a social-political movement and multiple generations vehemently against nuclear…

READ MORE ⟶
Donor-Advised-Fund-Advantages

Donor Advised Fund Advantages vs Private Foundations

By Josh Weller \ March 3, 2022

Surprisingly, Donor Advised Funds and Foundations Don’t Really Have Much in Common Other Than Philanthropic Impact. The two most popular charitable vehicles for donors who possess considerable assets are the Donor Advised Fund and Private Foundation. The two have obvious differences and the contrast leads to a clear choice for most donors. A donor-advised fund (or DAF) functions much like a combination savings and investment account for charitable assets. The donor creates the fund through a financial institution, community foundation,…

READ MORE ⟶
Multigenerational-Family-Philanthropy

Put Your Values Into Action. Create a Lasting Legacy with Multigenerational Family Philanthropy

By Cary Stamp \ February 4, 2022

Forbes Best-In-State Wealth advisor Cary Stamp, CFP®, introduces the concept of multigenerational family philanthropy, outlining the profound benefits of including teen and adult children in philanthropic discussions. VIDEO TRANSCRIPT: Hi, I’m Cary Stamp, I’m a Certified Financial Planner and I’m a Chartered Advisor in Philanthropy, and I’d like to talk today about how you can talk to your adult children about financial matters. Many of us don’t talk to our kids about money, and in fact, if you’re of my…

READ MORE ⟶
Grantor-Retained-Annuity-Trust

Turbocharge Long-Term Gifts to Your Kids with a Grantor Retained Annuity Trust (GRAT).

By Cary Stamp \ February 4, 2022

Cary Stamp, Forbes Best-In-State wealth advisor, presents a sophisticated estate planning strategy that produces income for the grantor while tax-efficiently turbocharging gifts to children and other family members. It’s called the Grantor Retained Annuity Trust (GRAT). VIDEO TRANSCRIPT: I’m Cary Stamp, I’m a Certified Financial Planner and an Accredited Estate Planner with Cary Stamp and Company in Tequesta, Florida. Today, I’m going to talk about a subject that can help you turbocharge gifts that you’re making to your children through…

READ MORE ⟶
Qualified-Personal-Residence-Trust

Would You Give Your House Away? You Might Like To with a Qualified Personal Residence Trust.

By Cary Stamp \ February 2, 2022

Forbes Best-In-State wealth advisor Cary Stamp thinks it’s time for you to learn about a sophisticated and little-known estate planning strategy called the Qualified Personal Residence Trust (QPRT). There aren’t many reasons to literally give your house away — in fact this may be the only one! VIDEO TRANSCRIPT: Hi, I’m Cary Stamp, I’m a Certified Financial Planner and I’m an Accredited Estate Planner and I’m going to tell you today why you might want to give your house away.…

READ MORE ⟶
Donor-Advised-Funds-February-2022

Donor Advised Funds are Exploding in Popularity in Charitable Giving. Here’s Why!

By Cary Stamp \ February 1, 2022

Cary Stamp, CFP® in Jupiter, FL describes the considerable tax and administrative benefits of using a Donor Advised Fund for charitable giving.  Mr. Stamp is a Forbes Best-In-State wealth advisor. VIDEO TRANSCRIPT: I’m Certified Financial Planner, Cary Stamp. I’m also a Chartered Advisor in Philanthropy, and over the last three years, we’ve helped our clients’ families give away almost $2 million to charities of their choice. One of the main ways that we’re doing this is by using a strategy…

READ MORE ⟶
Cary-Stamp-Jupiter-Wealth-Advisor

My Mission to Improve Financial Advisor Competence

By Cary Stamp \ November 5, 2021

Most financial “advisors” receive minimal training and while many eventually end up becoming competent, they leave damage behind in the process. Our new clients often wonder why I might have a couple of extra team-members in one of our meetings. The extra cast will be sitting quietly, taking notes. The answer is that I am on a mission to improve financial advisor competence. I know that someday I will either retire or exit this world and I have an obligation…

READ MORE ⟶

Turning Lemons Into Lemonade! Three Strategies to Consider During a Market Downturn.

By Cary Stamp \ September 23, 2021

When the markets give you a correction, it’s time to turn lemons into lemonade. Forbes Best-In-State Financial Advisor Cary Stamp of Jupiter, FL offers three strategies that you should consider during a market downturn.   NOTES: Converting from a traditional IRA to a Roth IRA is a taxable event. For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Commonwealth Financial Network® nor any of its representatives may give legal or tax advice.…

READ MORE ⟶

Inc. Magazine Reveals Cary Stamp & Co.’s Premier on the Inc. 5000 List

By Contributing Staff \ August 17, 2021

NEW YORK, August 17, 2021 – Inc. magazine today revealed that Cary Stamp & Co., the Principled Wealth Advisors™ based in Palm Beach County, FL, has premiered at No. 4689 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their…

READ MORE ⟶

A Mutual Fund Insider’s View of ESG Stock Analysis

By Josh Weller \ August 16, 2021

A brief conversation with financial advisor and ESG specialist Josh Weller, AIF® and Jordan Tucker of Impax Asset Management Jordan Tucker of Impax Asset Management and PAX funds joins Josh Weller AIF® for a topical discussion about how Impax and PAX World Funds evaluate equities for inclusion in ESG funds. This is a subject of recent debate in the investing world and provides an insider’s look into the painstaking due diligence process pursued by ESG-focused fund companies. At the end,…

READ MORE ⟶

Marching Into A Season Of Giving!

By Shay Diaz \ April 27, 2021

This March, through our program Cary Stamp Cares, we were fortunate enough to be a part of three fantastic charity events. On March 3rd, a few lucky members of our office were able to attend the 2nd annual Golf and Give, an event created by the group Suits for Seniors. This group, headed by founder and CEO Jervonte “Tae” Edmonds, focuses on providing at-risk high school seniors with an eight-week mentorship program that focuses on teaching leadership, finance, and interpersonal…

READ MORE ⟶
The Importance of Roth IRA Conversions in 2021

Why that Roth IRA Conversion You Were Considering May be Even More Valuable

By Cary Stamp \ April 2, 2021

Current Tax Discussions in Congress May Lead to Drastic Changes in Estate Tax Exemptions that Increase the Value of a Roth IRA Conversion Strategy. For years, I’ve been stressing the benefits of Roth IRAs to our clients and their beneficiaries. In an environment of massive government spending and a constantly greater need to pay for social programs, what could be better than an investment account in which you can purchase virtually anything you like, leave it for as long as…

READ MORE ⟶
Cary Stamp Market Commentary March 2021

Cary’s Market Commentary – March 2021

By Cary Stamp \ March 5, 2021

From an investment standpoint, 2020 can be considered nothing short of remarkable. The markets started the year feeling tailwinds from a strong economy and almost full employment. Of course, the reaction to the pandemic we saw in March resulted in a violent pullback that left us feeling uncertain and unsettled. The idea that we would put those losses in the rear-view mirror and soon watch the markets move on to make new highs was not even on the radar screen. In my October message,…

READ MORE ⟶
Cary-Stamp-Best-In-State-Wealth-Advisor

Cary Stamp, Founder of Cary Stamp & Co. , Named on Forbes Best-In-State Wealth Advisors List for 2021

By Contributing Staff \ February 24, 2021

Stamp joins the Forbes Best-In-State list spotlighting the top regional financial advisors throughout the country. Cary Stamp & Co., a provider of financial advisory services based Palm Beach County, FL, announced that founder Cary Stamp has been named on Forbes Best-In-State Wealth Advisors for 2021 list for South Florida. The list is published online at: https://www.forbes.com/best-in-state-wealth-advisors. According to Forbes, a leading U.S. financial publication, the list spotlights more than 4,000 top financial advisors across the country who were nominated by their firms—and then researched, interviewed and…

READ MORE ⟶
ESG-in-401k-Plans

How to Integrate ESG and Sustainable Fund Choices into 401(k) and Other Retirement Plans

By Josh Weller \ December 16, 2020

Josh Weller on ESG in 401k Plans: Financial advisor Josh Weller, based in Palm Beach County, FL and specializing in Sustainable-ESG Investing, discusses the important subject of offering ESG fund choices in 401(k) plans. With the backdrop of climate change, social responsibility issues, the corporate sustainability movement, and the huge asset flow into ESG, if employers don’t act now, when will they? The process is manageable, fulfilling, and in alignment with corporate sustainability and human resources missions—without sacrificing performance. WATCH…

READ MORE ⟶
Cary-Stamp-Recognized-Nationally-for-Philanthropic-Work

Cary Stamp Recognized by National Charitable Foundation for Philanthropic Work

By Contributing Staff \ November 12, 2020

Cary is one of four Commonwealth Financial advisors in U.S. to be recognized nationally by the Invest in Others Charitable Foundation.   The Edna W. Runner Tutorial Center in West Jupiter, FL helps at-risk students pursue academic and personal excellence. For more than eight years, Cary Stamp, AIF®, CFP®, has been a member of the Board of Directors—organizing outings, sponsoring the summer camp, and planning an annual Halloween Party, with the help of his wife Sharon. Since joining the board, and serving…

READ MORE ⟶
The-Right-Life-Insurance-for-Right-Price

How Families that Need Life Insurance Get the Right Policy for the Right Price

By Cary Stamp \ November 8, 2020

An Unbiased, Independent Source for the Best Life Insurance Policy at the Right Price. Many people need proper life insurance to protect their family or provide liquidity for their estate, and you have many choices. Learn why clients like having our team by their side, from Palm Beach County financial advisor Cary Stamp, CFP®.      TRANSCRIPT: Hi, my name is Cary Stamp, I’m the founder of Cary Stamp & Company. A lot of our clients ask us if…

READ MORE ⟶