When You Do Better, We Do Better — How Financial Advisors are Paid.

By Cary Stamp \ November 5, 2020

Cary Stamp, CFP®, Jupiter, Florida-based financial advisor, addresses a question that you should ask any financial professional that you consider working with:  How is your financial advisor paid? In the case of Cary Stamp & Co., when you do better, we do better. Our transparent fee structure mutually aligns our interests with yours. Always make sure that your financial advisor’s best interests align with your best interests.   TRANSCRIPT: Hi, I’m Cary Stamp with Cary Stamp & Company. I want…


The Power and Flexibility of the Roth IRA

By Josh Weller \ September 19, 2020

Josh takes a break from Sustainable Investing to describe the primary differences between the Traditional and Roth IRA. The focus is on the benefits and flexibility of the Roth IRA—possibly the most powerful retirement planning tool for most investors. TRANSCRIPT: Hey, it’s Josh Weller here. It’s Roth IRA Awareness Month at Cary Stamp & Company, so I’m diverting my focus away from Sustainable Investing just for a little while, to focus on a Roth IRA and why I think it…

Roth IRA Conversion Strategy

How to Lower Your Taxes in Retirement with Roth IRA Conversions

By Cary Stamp \ September 16, 2020

Leading financial advisor based in Jupiter, FL, Cary Stamp, CFP®, shares the Roth IRA conversion strategy that many people are unaware of, but can make a huge difference on taxable income in retirement. This is especially important if you’re within a few years of retirement or if you’re in that gap between the time that you’ve retired and the time that you plan to turn on your Social Security payments to generate income. TRANSCRIPT: Hi, I’m Cary Stamp, and this…


Roth IRAs for Beginners

By Frank Francese \ September 16, 2020

Roth IRAs are a Crucial Tool for Lowering Taxes in Retirement. Roth IRAs are after-tax retirement accounts, in contrast to traditional IRAs and most employer-sponsored retirement plans such as 401(k) programs that are tax-deferred accounts (pre-tax contributions). Because of the unique tax structure, Roth IRAs have several advantages. First, what is an IRA? IRA is the acronym for Individual Retirement Account. An IRA is a tax-advantaged investment account designed to help Americans save for retirement. Money invested within a Traditional IRA grows over…


Three Investment Books That Impacted My Financial Career

By Cary Stamp \ June 24, 2020

Financial advisor Cary Stamp shares a brief overview of the three investing books that had a major impact on his investment management and financial advisory career.       TRANSCRIPT: I’m Cary Stamp with Cary Stamp & Company, Principled Wealth Advisors. I want to share with you three books that have had a major impact on my investing career. The first one is this one. It’s a little tiny red book. It’s called The Little Book of Common Sense Investing…


My Personal Secret and How It Can Help You Financially

By Cary Stamp \ June 24, 2020

Financial advisor Cary Stamp shares an uncomfortable secret that can help you recover from financial adversity or a mistake that you feel vulnerable or embarrassed about. Don’t be afraid to admit your mistake and seek the assistance of a financial advisor to get back on track.       TRANSCRIPT: Recovering from Financial Adversity My name is Cary Stamp and I’m the founder of Cary Stamp & Co., Principled Wealth Advisors, and I wanted to let you in on a…


A Great Solution After The Secure Act’s Elimination of the “Stretch IRA”

By Cary Stamp \ June 5, 2020

The Secure Act eliminated the Stretch IRA option for beneficiaries to distribute inherited IRAs over their lifetimes. Now there’s a 10-year distribution maximum. If you’re close to retirement, have a lot of money in retirement plans, and want to maximize assets passed on to beneficiaries when you’re no longer here, there’s a great solution.   TRANSCRIPT: My name is Cary Stamp, and this is a Principled Wealth Moment. I’d like to talk about The Secure Act and one of the…


Saving for Family Education Expenses with Tax-Advantaged 529 Plans

By Cary Stamp \ June 3, 2020

Financial advisor Cary Stamp, based in Jupiter, FL, discusses the ability to maximize savings for family education expenses while reducing your income taxes, using 529 Plans. Tax-free distributions from these plans can be used for elementary and secondary private school, and undergrad and graduate college.   TRANSCRIPT: I’m Cary Stamp, and this is a Principled Wealth Moment. I’m going to share a strategy that you can use to maximize your savings for college and reduce your income taxes. It’s called…


Managing Investments During Recessions and Market Declines

By Cary Stamp \ May 19, 2020

Cary Stamp, leading financial advisor based in Jupiter, FL, shares his view on how individuals and families should approach investment management during recessions and market declines.     TRANSCRIPT: Hi, I’m Cary Stamp. I’ve gotten a lot of questions lately about what’s going on in the markets and what’s happening in the US economy. And I wanted to share a couple of thoughts because I believe that it’s going to be a long, hard slog and it’s not going to…


Think: Time in the Market, not Timing the Market

By Cary Stamp \ May 18, 2020

Leading financial advisor Cary Stamp comments briefly on why timing the stock market is so difficult, and why letting assets grow long-term (“time in the market”) is the path to wealth creation.   TRANSCRIPT: Hi, I’m Cary Stamp, and this is a Principled Wealth Moment. I’d like to talk today about the subject of market timing. A lot of people are worried right now. Is the market high? Should I be getting out? Should I sell everything and sit on…


Beneficial CARES Act Provisions for 401k and IRA Accounts

By Cary Stamp \ May 6, 2020

Cary Stamp, leading financial advisor based in Jupiter, FL, provides an update on beneficial CARES Act provisions for retirement accounts—including IRAs and 401(k)s—to help with the financial challenges of the COVID-19 crisis.      TRANSCRIPT: Hi, I’m Cary Stamp. This is a Principled Wealth Moment. I would like to share with you some updates regarding retirement plans and what you’re able to do with them. This is new information that comes from the CARES Act passed within the last…


Client Market Update – May 2020

By Cary Stamp \ May 4, 2020

Leading financial advisor Cary Stamp delivers his Market Update for early May 2020. He shares some thoughts from Scott Minerd of Guggenheim Partners, as well as his own view of proper risk management within the new normal of market volatility.     TRANSCRIPT: Hi. Most of you know that I’m Cary Stamp and I’m a certified financial planner. I want to share some thoughts with you and with the rest of my clients about where we see things going. There…


How To Do the Back Door Roth IRA

By Cary Stamp \ April 17, 2020

Cary Stamp, leading financial advisor based in Jupiter, FL, offers a quick description of the Back Door Roth IRA strategy, which is the method for contributing to a Roth IRA even if you earn too much income.     TRANSCRIPT: I’m Cary Stamp and this is a Principled Wealth Moment, and today I’m going to explain to you how you can make a Roth IRA even if you make too much money to make a Roth IRA contribution. It’s really…


A Time for Gratitude and Patience

By Cary Stamp \ April 4, 2020

Leading financial advisor Cary Stamp puts the Coronavirus crisis and market decline into perspective, discussing the need for patience and gratitude in getting to the other side.   TRANSCRIPT: Hi, I’m Cary Stamp. This is a Principled Wealth Moment. I wanted to address one more time what’s going on during the Coronavirus lockdown. As we sit at our homes and very few of us in our offices and think about what’s going on, I think that it’s incumbent upon us…


How Much Life Insurance Do You Need?

By Cary Stamp \ March 29, 2020

Cary Stamp, leading financial advisor based in Jupiter, FL, provides perspective on the proper amount of life insurance and the question of whether your beneficiaries would need to use the principal of life insurance proceeds for living expenses.     TRANSCRIPT: Hi, I’m Cary Stamp, and this is a Principled Wealth Moment. I just read a statistic that talked about life insurance applications. And last week, in the midst of the health scare that we’re going through right now, insurance…


Summary of State & Federal Financial Responses to COVID-19 Crisis

By Contributing Staff \ March 29, 2020

UPDATED SUN. MARCH 29, 2020 In the interest of keeping clients, friends, and our communities informed, we have created a list of financial-related responses by State and Federal governments to the current crisis. Updates to come as new information becomes available.  FEDERAL ANNOUNCEMENTS The CARES Act  ($2.2 trillion) The largest fiscal stimulus in American history Individuals with up to $75,000 in adjusted gross income in 2019 will receive a onetime payment of $1,200. Married couples with AGI up to $150,000…


Taking Advantage of Opportunities for Long-Term Wealth Creation

By Cary Stamp \ March 18, 2020

Cary Stamp—leading Jupiter, FL financial advisor—calls upon decades of experience to offer his view that the Covid-19 crisis may be a generational opportunity for long-term wealth creation.     TRANSCRIPT: Hi, I’m Cary Stamp, and this is a Principled Wealth Moment. And I’d like you to listen to something. [knock knock knock] Do you hear that sound? That’s opportunity knocking. Let me explain. I think at this particular moment, we’re in one of the greatest opportunities for wealth creation that…


3 Investment Management Strategies for a Down Market

By Cary Stamp \ March 14, 2020

Leading financial advisor Cary Stamp offers three potentially profitable investment strategies for market declines.         Tax Loss Harvesting, Roth IRA Conversions, and Buying Low with Dollar Cost Averaging. TRANSCRIPT: Hi, I’m Cary Stamp, this is a Principled Wealth Moment. Nobody likes a down market, but I’m going to explain how we can profit, or at least set ourselves up in a better position, when equity markets go down. Life gives us these lemons, here’s the recipe for…

Sustainable-ESG Investing

The Power of Now — A More Fulfilling Approach to Planned Giving

By Josh Weller \ March 11, 2020

Highly-Rated Sustainable-ESG Assets Offer the Comfort of Having a Constant Positive Impact. The purpose of creating a Planned Giving strategy at any level of wealth is to formalize, in a tax-efficient manner, your desire to give back to the entities and causes that are close to your heart. It’s a noble process that has positive impact; but it can feel unfulfilling in quiet months between gifts, depending on how the giving strategy has been structured. Many folks who have enacted…


The Importance of Making a Difference in Your Community

By Cary Stamp \ March 4, 2020

Cary Stamp, leading financial advisor in Jupiter, FL, shares his perspective on making a difference in the world by giving back to local community organizations.         TRANSCRIPT: I grew up in Iowa and growing up in Iowa was pretty average. I went to a public school, I got pretty good grades and I gravitated towards being on the debate team. People told me I had a gift for gab. So I ended up going to tournaments all…