Zero-Cost Commission Trading and the Power of Independence

Posts by Financial Consulate

Zero-Cost Commission Trading and the Power of Independence

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 the likes of Fidelity, Schwab and TD Ameritrade.  When we saw that, we did not…

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The New World of Charitable Giving

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, this technique is only allowed if you are at least 70.5 years of age. Yes,…

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Investor Poison

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? The answer is to addict you to their information. An investor must know the difference…

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

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 risk of Identity Theft.  Identity Theft is when someone takes your personal information and uses…

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Consulate U – Class 3 – Supply and Demand

The law of supply and demand serves as one of the most basic founding principles of economics. Supply ideally should equal demand, and the price of goods or services is what brings supply and demand into equilibrium. Too little supply and robust demand will send prices soaring, but too much supply and weak demand will send…

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The 5-Year Roth IRA Rule

Most people know that Roth individual retirement accounts (IRAs) have a “5-year rule,” that is, you must have owned your Roth IRA for at least 5 years and be over the age of 59.5 years to withdraw earnings tax-free during retirement; however, very few seem to truly understand the details surrounding this rule. It is…

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A Voters Must Read to Tax History

There is an old saying that is worth remembering when it comes to income taxes: “Those who cannot learn from history are doomed to repeat it.” As increasingly more politicians demand that the rich pay their “fair share,” it would be wise for the less affluent to hold onto their wallets tightly. History teaches us…

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Understanding Stocks

At the time this article was written, the U.S. stock market had just lost 12 percent in the preceding 2.5 months. This type of market decline causes a serious amount of angst and worry among stock investors. Watching their account balances deteriorate and the subsequent sense of losing a significant amount of money is quite…

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Enhancing Your Auto Coverage

As fiduciaries, we often see the common mistake of auto policies with liability coverages that are too low. One such problem with low liability coverage pertains to uninsured/underinsured motorist (UIM) coverage, which is insurance that protects you if you are injured by another driver who has no liability coverage or limited liability coverage. To obtain…

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