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 Contributing Staff \ 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…


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.…


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…


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…


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.…


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?…

Sustainable ESG Investing Performance

Debunking the Big Myth About Sustainable/ESG Investing

By Contributing Staff \ 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…


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…


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…


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…


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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