The Consulate Journal: Our Financial Blog

The Consulate Journal is our written blog, dedicated to educating our audience on a wide range of topics.  Sometimes we’ll be sharing our financial planning philosophies, and other times sharing our views of money and its place in our lives.  Most often, we’ll be sharing specific and actionable financial planning strategies that we use with our clients. 

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Covid-19, Working from Home and 2020 Tax Consequences

July 31, 2020

What an unusual year 2020 has been for tax preparers, business owners, employees, and their families! Businesses have been forced to close, allowed to re-open under varying restrictions, and had to struggle with decisions that greatly impacted their employees. Negotiating…

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The Best States to Retire In

June 1, 2020

I have seen many articles about great states to retire to and wondered how they developed their list. So, I decided to write my own article on the best states to retire. The greatest benefit of financial independence is that…

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MD Now Allows a Beneficiary Designation on an Automobile Title

December 9, 2019

In 2018 MD began to allow a beneficiary designation on an Automobile Title.  If you own an auto in just one spouses name, then I strongly suggest you put a beneficiary on the auto title.  It is very easy and…

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Zero-Cost Commission Trading and the Power of Independence

October 30, 2019

This article is not designed to address the reasons behind zero-commission stocks trading, but instead to make the case for an advisor being independent from brokerage firms, insurance companies, and banks. Recent news banners have heralded zero-cost stock trading from…

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The New World of Charitable Giving

September 6, 2019

There are many cool ways to get the greatest bang for your charitable giving buck, and this article will explore two techniques that are simple, relatively new, and effective. First is the Qualified Charitable Distribution (QCD) from an IRA. Unfortunately,…

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Investor Poison

September 4, 2019

If you are an investor and you want to make good investments, make sure you know how to deal with Investor Poison. Investor Poison is the media that throws story after story at you to elicit a response from you. Why would they do that?…

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Equifax Data Breach Settlement – What do you need to do?

July 30, 2019

Equifax Data Breach Settlement What do you need to do?             147 million American’s data was stolen from Equifax in 2017.  The data maintained by a credit bureau is immense and put all people affected by this breach at serious…

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