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5 Reasons It’s Important to Set Financial Goals

Published by Rob Furlong, Portfolio Manager

The alarm sounded promptly at 1a.m. Shortly after some rustling and grumbling the tent zippers opened and we stepped out into the frigid air. After a quick breakfast, we began heading uphill into the darkness. For the next eight hours life was little more than listening to the ice crunch with each step as we ascended over 5,000 feet into the thinning air. Shortly after 9a.m. we were at 14,200 feet-on top of one of the highest peaks in the Cascade mountain range. Read more

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Delegate the Dangerous

Published by Robert W. Huntley, CFP®, CHFC®

When I was a teenager I had friends who could fix anything. Cars, carpentry, you name it. They were gifted mechanically. I was not. Read more

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The Beatles, Music Streaming, and Financial Advice

Published by Robert W. Huntley, CFP®, CHFC®

I went to a show recently performed by the Beatles tribute band called “Rain.” It celebrated the 50th anniversary of the album Sergeant Pepper’s Lonely Hearts Club Band.

That album was said to be groundbreaking for several reasons. It was sonically, unlike anything we’d heard out of the boys from Liverpool. But it was also the debut of the so-called “theme album.”

It was fun being in a room full of couples in their 50’s, 60’s and 70’s all taking a trip back in time to their formative years for a couple of hours. You could see the nostalgia on the faces. Smiles from ear to ear. Dancing like it was Woodstock all over again. Read more

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How Are Pass-Through Entities Affected By The New Tax Law?

Published by Jeff Beasley, CPA

The Tax Cuts and Jobs Act, signed into law by President Donald J. Trump on December 22, 2017, has created a list of questions from taxpayers. Read more

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Offering a New Beginning

Published by Randy Mitchell

“A best-practice, model community that transforms the lives of all young women experiencing a crisis pregnancy, and the lives they touch, by offering them a new beginning.”- Annunciation Maternity Home Vision Statement

At Wise Counsel, we want to educate and inspire our clients to “Connect Wealth with Purpose.” We call our planning process “Wealth Designed. Life Defined.” These words are packed with meaning for our team and inspire us to showcase the “Life Defined” that many of the people we work with are experiencing.

We are pleased to share Randy Mitchell’s passion for the Annunciaition Maternity Home in Georgetown, TX. We hope you enjoy Randy’s story:

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Do I Still Need a Will?

Published by Jana K. McCown, Attorney

We invited local Estate Planning Attorney, Jana McCown, to share her professional insights on whether you still need a will if you have community property in Texas.

Do I Still Need a Will if I Have Community Property?

It is a common misconception in Texas that if you are married with community property that you do not need to have a will.  Many married couples believe that since their home is community property that it will automatically belong to the surviving spouse when the first spouse dies.

Unfortunately, this is not true.

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How Emotional Decisions Can Ruin Your Investment Strategy

More money is left behind than lost during market declines. When an investor reacts emotionally to declines, they often pull money out of the market, derailing their investment strategy and leaving them much less exposed to equity markets. Often, these moves are made very near the bottom of the market and the investor leaves behind a substantial portion of return. Read more

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Life Boat Drill – How Would You Handle a 50% Stock Market Correction in 2019?

Published by Robert W. Huntley, CFP®, CHFC®

Let’s play a game.

Imagine it’s April 2019 and you begin seeing headlines like the following:

“The DOW was down today by a record single-day point loss of 1500 points.”

“Economists say there’s no end in sight to this current market sell-off as the Federal Reserve meets to consider options for stabilizing market volatility.”

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When Can You Retire?

Not surprisingly, one of the most common goals financial planners help their clients with is analyzing cash flow in retirement so they can live their lives comfortably without worrying about outliving their money. Cash inflow in retirement can come from many sources (Social Security, retirement plans, savings, annuities, pensions) so it’s important to consider how much and when to expect cash inflows. Read more

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Preparing for the Passing of a Loved One

Published by Stephanie Wilson

As many of us in middle age face, I recently experienced the death of my mother.

As I entered the different stages of grief, I suddenly faced battles of a more pragmatic kind. These came in the form of the various details about funeral arrangements, medical decisions, and, in my case; who of the four living children would get certain belongings of my mother.

What follows is what I learned along the way about the details and people that matter when you’re coming to grips with the death of loved one.

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