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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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A Roth Strategy

February 26, 2021

“But in this world, nothing can be said to be certain, except death and taxes.” – Benjamin Franklin to Jean Baptiste Leroy, November 13, 1789             As the federal deficit of the United States rises ever higher, the more likely…

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Question! Did We Learn an Important Lesson About the Stock Market?

January 29, 2021

Financial Consulate’s phones seem to ring off the hook in response to a change in the political atmosphere. The individuals who call depend on who is elected and their political beliefs. Twelve years ago, callers were worried that if President…

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Lemmings, following the pack

August 25, 2020

We have all heard the story of lemmings following the pack, even to the point of running over a cliff to their death. Whether or not it is true of lemmings, we use this metaphor to draw attention and care…

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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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