The Family Firm Blog

Don’t Forget an Umbrella (Policy)

Posted by Adam Van Deusen on 10/8/20 12:10 PM

Don’t Forget an Umbrella (Policy)

Umbrella insurance can be one of the most cost-effective ways to protect your assets but is sometimes overlooked.

How Does Umbrella Insurance Work?

Umbrella insurance is a policy that covers you from a broad range of potential liabilities. It goes beyond other liability coverages you have, including home and auto policies, to cover large legal judgments.

For example, let’s say you were found liable for a multi-car accident and owe $500,000 for damage to the other cars and for the other drivers’ medical bills. If your auto policy had a $300,000 liability limit, you would have to pay the remaining $200,000 on your own. If you had an umbrella policy with a $1 million limit, the insurance company would cover the $200,000 difference.

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Audio from our September 2, 2020 Investment Conference Call

Posted by Nate Gendelman on 9/3/20 3:25 PM

For those of you that were unable to join us last Night, please click the Play button below to listen to our September 2, investment conference call. 

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Monte Carlo Analysis and Your Finances

Posted by Adam Van Deusen on 7/27/20 2:21 PM

Monte Carlo Analysis and Your Finances

One of the tools our financial advisors use when creating and reviewing clients’ financial plans is Monte Carlo analysis, which uses mathematical simulation techniques to examine a range of potential outcomes. Because investment returns are variable, Monte Carlo analysis allows our advisors to assess the likelihood of success for meeting a client’s financial goals across a range of possible outcomes.

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Harvesting Tax Losses and Gains

Posted by Adam Van Deusen on 7/2/20 12:54 PM

Harvesting Tax Losses and Gains

When investing in a taxable account, the timing of trades and the securities chosen can significantly impact your after-tax investment returns. Two tactics that can improve returns in taxable accounts are tax-loss harvesting and the lesser-known tax-gain harvesting.

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Benefits of the Cost Basis Step Up

Posted by Adam Van Deusen on 6/19/20 3:13 PM

Benefits of the Cost Basis Step Up

Clients planning to make gifts to family members or others often ask us whether it would be better to gift cash or investible assets. While the answer depends on the client’s specific situation, the ability to step up the cost basis of appreciated assets at death is an important consideration.

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Emerging Market Currencies Strengthening

Posted by Nate Gendelman on 6/5/20 4:28 PM

As confidence in an (eventual) economic recovery continues to spread through financial markets, several of the biggest beneficiaries have been some emerging market currencies. Among those that have spurted higher lately include Brazil and Mexico, although still far down year to date. And important to note that although financial conditions have strengthened for Latin America, the economic conditions on the ground have yet to show any improvement and remain dismal.

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The global economy is expected to contract by 3% in 2020.

Posted by Nate Gendelman on 5/22/20 4:36 PM

New reports from the IMF makes for grim reading.
The global economy is expected to contract by 3% in 2020.
Perhaps even scarier is the accumulation of unprecedented debts. The world's fiscal debt level will climb from 83% of GDP to 96%. The situation is even worse for developed countries as governmental debt will reach 122% of GDP.

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Year in Review – Twelve Months ended March 31st, 2020

Posted by Nate Gendelman on 4/14/20 10:35 AM

Year in Review – Twelve Months ended March 31st, 2020

 Given the monumental impact of the coronavirus disease (COVID-19), it is virtually impossible to discuss the twelve-month period as a continuous period. It’s more sensible to think about the world before COVID-19 (to be referred herein as BCV) and after (ACV). For our purposes here, we will define that demarcation point as the middle of February, when investors woke up to the cataclysmic impact the disease would have on the economy. There is little one could say about BCV that would be applicable to ACV.

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Key Elements of the CARES Act

Posted by Adam Van Deusen on 4/6/20 10:39 AM

Key Elements of the CARES Act

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Audio from our March 17 Investment Conference Call

Posted by Nate Gendelman on 3/18/20 2:59 PM

 

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