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Secure-Act-Tax-Credits-for-Launching-New-401k

Phenomenal Tax Credits up to $5,000 per year for Launching a New 401(k) Plan

By Cary Stamp \ February 26, 2020

Leading financial advisor Cary Stamp, based in Jupiter, FL, offers an overview of the exceptional tax credits up to $5,000 per year for businesses that launch new 401k plans (made available through a Secure Act provision).       TRANSCRIPT: Hi, I’m Cary Samp with Cary Stamp & Co., and this is a Principled Wealth Moment for business owners or anybody that works in a business. I’ve got a tip that most people don’t know about, that’s a phenomenal opportunity.…

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Diversification-and-Asset-Allocation

Asset Allocation, not Stock Picking, May Have More Impact on Your Portfolio’s Success

By Contributing Staff \ February 19, 2020

Asset Allocation and Portfolio Success: 90% of an Investment Portfolio’s Returns May Result from Proper Asset Allocation, not Stock Picking A 2000 study by economists Roger Ibbotson and Paul Kaplan concluded that more than 90% of a portfolio’s long-term returns may be driven by its asset allocation. For starters, what exactly is “Strategic Asset Allocation” Asset allocation is an investment strategy that involves selecting a mix of investments that are appropriate for a person’s risk tolerance, time horizon, and financial…

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Jupiter-FL-Financial-Advisor

Maximize Your Pension with a Huge Lump Sum Passed on to Beneficiaries

By Cary Stamp \ February 6, 2020

Jupiter, FL financial advisor Cary Stamp briefly outlines an innovative Pension Maximization strategy that can add a huge lump sum to the assets you pass on to beneficiaries.   TRANSCRIPT: I am Cary Stamp with Cary Stamp and Company. This is a Principled Wealth Moment. And if you’re somebody that has a pension, maybe you worked for the government or you work for a large corporation, then I’m talking to you today. And the reason I’m talking to you is…

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Solo-or-Individual-401k

How to Maximize Contributions and Tax Deductions to a Solo 401(k)

By Cary Stamp \ January 29, 2020

Leading financial advisor Cary Stamp provides a quick lesson on how entrepreneurs such as attorneys and real estate agents with 1099 income can maximize contributions to what’s known as a Solo or Individual 401(k).     TRANSCRIPT: I’m Cary Stamp and this is a Principled Wealth Moment. Today, I’m going to explain to you how you can establish a retirement plan for your small business when you have no employees and put a bunch of money away for your retirement.…

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When-To-Take-Social-Security

When to Take and How to Maximize Social Security Benefits

By Cary Stamp \ January 20, 2020

In this video, Cary Stamp, leading investment and financial advisor based in the Jupiter, FL area, briefly addresses one of the most common question asked of financial advisors: “When should people start taking social security benefits?”.     TRANSCRIPT: Hi, I’m Cary Stamp. This is a Principled Wealth Moment. Today I’m going to talk about one of the most common questions that we get as financial advisors, and that question is very simple: when should you take your social security?…

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Sustainable ESG Investing Performance

Debunking the Big Myth About Sustainable/ESG Investing

By Josh Weller \ January 16, 2020

Today, we dispel the decades-old myth that performance must be sacrificed when investing responsibly in Sustainable/ESG assets. This myth rises again and again like Freddy Krueger in a horror movie, and, like Freddy, the myth should be laid to rest. Sustainable ESG Investing Performance Below, we share four graphs comparing the performance of broad indexes vs the same indexes filtered through an ESG screen. Based on the 5-year index performance comparisons, we see that ESG index performance is in line…

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Hybrid-Long-Term-Care

Hybrid Long-Term Care Insurance Combines Long-Term Care Benefits and Life Insurance in One Policy

By Cary Stamp \ January 7, 2020

Financial advisor Cary Stamp discusses the value of Hybrid Long Term Care Insurance, a powerful combination of Long Term Care Benefits with Life Insurance that preserves your capital.     TRANSCRIPT: I’m Cary Stamp and this is a Principled Wealth Moment. Today I’m going to talk about a subject that most people really don’t like to address. I’m going to talk about how you pay for long term care expenses for yourself or maybe for a loved one. So, I…

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Secure-Act

Four Ways the Recently Passed Secure Act Will Impact Individual Investors

By Cary Stamp \ December 27, 2019

What’s in the Secure Act? Financial advisor Cary Stamp addresses the four primary ways the recently passed Secure Act will affect individuals and families, most notably on Individual Retirement Accounts (IRAs) and 529 Education Plans.       TRANSCRIPT: What’s in the Secure Act? I’m Cary Stamp. This is a principled wealth moment. Welcome to the end of 2019 and I hope everyone has a fantastic holiday season. Something that you need to know about is the Secure Act, that…

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Donor-Advised-Funds-Bunching-Deductions

Save on Taxes with Bunched Charitable Contributions to Donor Advised Funds

By Cary Stamp \ December 26, 2019

Leading financial advisor Cary Stamp, CFP®  discusses the tax efficiency benefits of Donor Advised Fund bunching deductions.   TRANSCRIPT: Today I’d like to talk about how we can make the world a better place, and get some tax deductions all at the same time. And it’s by using a strategy that we call “Bunching Deductions.” So what happened in 2017, at the end of the year when we passed the tax cuts and jobs act, is that we all got…

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Financial Thoughts from a New Grandfather

By Frank Francese \ December 15, 2019

I was given a new nickname this week. “Pops!” I became a grandfather. In response, I immediately let my imagination run wild and scoured the web for “tiny baseball mitts” and “really small golf clubs,” but my practical side reappeared and I thought: “what would be the most prudent action for a grandfather to take now that this little guy has entered the world?” While not a complete list, here are a few things to consider with your advisor. WILLS…

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Year-end-tax-savings-strategies

Important Year-End Tax Planning Ideas for Individuals and Businesses

By Cary Stamp \ December 13, 2019

  Leading financial advisor Cary Stamp, CFP® provides five year-end tax planning ideas: three for individuals, and two for businesses. Ideas include tax loss selling, avoiding high mutual fund capital gains, bunching deductions on Donor Advised Funds, end of year equipment or vehicle purchases, and maximizing retirement plan contributions.   TRANSCRIPT: I’m Cary Stamp and this is a Principled Wealth Moment. Today I’d like to share a little bit about what we’re sharing with our clients about year- end tax…

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Estate-Tax-Planning

Estate Planning 101: A Beginner’s Guide to Estate Planning Basics

By Contributing Staff \ December 11, 2019

An Introduction to Estate Planning Strategies Do you have a will or estate plan? Many individuals and families overlook the need for estate planning in the belief that if they don’t possess significant wealth or a complicated situation, a plan is not required. At Cary Stamp & Co., we believe every individual and family should establish some level of “estate plan,” whether simple or sophisticated.  Wills Ever heard the saying, “He’s going to try to control the money from his…

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Donor-Advised-Funds

Launch a Legacy of Tax-Efficient Giving with a Donor Advised Fund

By Josh Weller \ November 28, 2019

Considering charitable giving on a larger scale? A Donor Advised Fund is your simplest, least expensive, and most tax-efficient option. In brief, a Donor Advised Fund serves as your own tax-advantaged, donor-controlled philanthropic fund. The fund can be established easily through a broker-dealer, your financial advisor, or if you have a specific charity in mind, you may establish the fund directly with a 501(c)(3) tax-exempt charity, or charitable foundation. All it takes is an initial minimum contribution of $5,000 in…

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Thanksgiving is About Family

By Cary Stamp \ November 18, 2019

We established a tradition that ensures we enjoy both sides of our family at Thanksgiving.  A few years ago, I began a tradition with my family of celebrating Thanksgiving two to three weeks before the actual holiday. This wasn’t an original idea, as another family that I knew also had been participating in this tradition for many years. I loved the idea. We often had trouble getting the entire family together for a holiday. A big challenge for married people…

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MEET THE TEAM:
Patrick Thompson
Chief Operating Officer

By Josh Weller \ October 16, 2019

Duty, Faith, and Family “In my teenage years, as I was heading out of the house for the evening, my Dad would say ‘Patrick, don’t forget you’re representing our family. Act accordingly.’ It was an upbringing steeped in faith and responsibility, and I’m glad it was. It seems to have turned out well.” Born in West Palm Beach, FL and raised in Fort Worth, TX, Patrick Thompson’s life has been all about the importance of family, the grounding nature of…

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Using 529 Plans to Maximize Education Savings and Minimize Taxes

By Contributing Staff \ September 27, 2019

The cost of college tuition continues to increase every year with most college planning experts projecting a 6% annual increase each year. One might ask, “How do I save for my child’s college education if I cannot even afford the costs now, let alone in the future when my child enters college?” In previous generations, if your family was fortunate enough to save for college, they simply put money in a savings account (or a mattress). Today, the government has…

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Must Read if You Own Company Stock in a 401(k) or other Corporate Retirement Plan

By Robert Taylor \ September 12, 2019

The Net Unrealized Appreciation (NUA) Tax Strategy: If you work for a corporation that offers company stock inside a 401(k), ESOP, or profit sharing plan, the Net Unrealized Appreciation tax planning strategy (described below) can produce substantial tax savings. This is especially true for long-time employees possessing stock that has appreciated significantly. Net Unrealized Appreciation (NUA) is defined as the difference between the original cost basis of the company shares (the amount you invested) and the current market value. It…

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Charitable Giving and Philanthropy Through Donor Advised Funds

By Cary Stamp \ August 28, 2019

   TRANSCRIPT of Charitable Giving and Philanthropy: I’m Cary Stamp and this is a Principled Wealth Moment. Most of the families that we work with are charitably-inclined. One of the things that a lot of people don’t realize is, with the new tax laws, there are some ways that you should be making your charitable contributions that are far more effective for you from a tax perspective and can also add some significant value to your family. Often, we…

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Answers to Frequently Asked Questions about Sustainable ESG Investing

Answers to FAQs About Sustainable/ESG Investing

By Josh Weller \ August 26, 2019

Does Sustainable Investing require accepting lower returns? This is a myth. Performance tracking against benchmarks suggests that investors who are in alignment with their values and beliefs are now achieving competitive or better returns than traditional (depending on the specific investment). Keep in mind that ESG data is now available on every large cap stock on the planet and the majority of mid caps. As a result, many of the world’s high profile companies have high ESG scores. Furthermore the…

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Buy-Sell Agreements: What Every Business Owner Should Know

By Contributing Staff \ August 15, 2019

As a business owner, your focus is on daily operations and growing the business. Consequently it can be difficult to carve out time to consider long-term issues and contingency planning such as ensuring the continuity of the business should anything happen to you or a partner. For most business owners, such planning requires establishing a Buy-Sell Agreement. To help you determine if such an agreement is right for your business, it’s important to understand what it is, how it works,…

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