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Current Market Volatility

Published by Robert W. Huntley, CFP®, CHFC®, Founder & Wealth Advisor

Update on current market volatility:

We’re in the midst of normal market volatility but we understand it still feels scary. This post is a reminder of the importance of staying grounded and unemotional during these periods where stocks sell off and headlines run hot. The price of returns over the long term is just this sort of temporary volatility. That’s always been the case.
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The 4 Pitfalls of No Plan

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability…While these major events can impact your life, having an effective game plan can help ensure that it doesn’t ruin your financial well-being. Read more

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The Most Common Big Mistake for The Average Investor Is…?

Published by Robert W. Huntley, CFP®, CHFC®, Founder & Wealth Advisor

Since 2001, Vanguard has updated a report annually titled “Advisor Alpha.” It’s a well-known piece among financial advisors because it is published by a highly trusted and reputable source, and it attempts to quantify the value to an average investor of working with a professional financial advisor.

One thing that makes it so interesting is that Vanguard cut its teeth originally as a low-cost way to invest in broad markets and just let the markets do what they do. Because of this, Vanguard was perceived to be against advisors who charged fees or commission for their services. Read more

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Entering the Industry

Published by Sidney Meriweather, Director of  First Impressions

What do climbing Mount Everest and becoming a financial advisor have in common? They both look impossible to do, but a brave few persevere and summit the challenges.

I won’t be climbing Mount Everest anytime soon, but the last year and a half of my life have led to making the decision to pursue a career as a financial advisor. Entering this career feels daunting, from licensing to planning and everything in between the learning curve is huge. Read more

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Improving The Traditionally Allocated Portfolio

Published by Tyler Schlumpf

We’re going to introduce a few mathematical concepts in this article that are crucial to building a portfolio. For those that are already moving their cursor up to the X in the right hand corner, just stick with it! These concepts, whether we choose to learn them or not, have a significant impact on the way we combine investments and are important to understand as we discuss portfolio construction. Read more

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Marriage + Roth IRA Contributions = Possible Penalties

Photo by Gades Photography on Unsplash

Published by Zachary Langan, Associate Wealth Advisor

Are you or someone you know getting married? Do you contribute to a Roth IRA? If so, this important information may help stave off potential tax penalties later. Read more

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Why Bond Prices Fall When Interest Rates Rise

Photo by rawpixel on Unsplash

Published by Robert W. Huntley, CFP®, CHFC®, Founder & Wealth Advisor

You’ve probably seen that rising interest rates are bad for bonds. Do you know why?

It’s a simple concept, but I find that people have often never had it explained to them. Read more

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4 Simple Steps to Creating an Estate Plan

Published by Beth Schanou, JD

Most of the time, it feels like life is moving at the speed of light. I often feel my entire day, both at home and at the office, is spent in fast forward mode. As if it’s a race to get done as much as possible, I’m running from one thing to the next, all day long, and making sure every household member is fed, cared for, and attends school and their activities. Of course this includes the four-legged members of the family too. Read more

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Life Defined Series – Oak Ridge Disciple House

Photo by Jeremy Perkins on Unsplash

Published by Sidney Meriweather, Director of First Impressions

What are the things that money can’t buy, and death can’t take away?

Maybe a family legacy or an investment of time and money into something that will outlive you. We call this your “Life Defined” here at Wise Counsel.

We had the privilege of interviewing Joshua Harris, Founder and Director of Oak Ridge Disciple House, about his “Life Defined.”

We hope you enjoy his story: Read more

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Tax Diversification

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

We often talk about investment diversification. However, have you seen much discussion on tax diversification? Probably not.

Our tax system in the US extracts a heavy toll on earned income and ordinary income from savings and investments. Interest income, for example, is taxed as ordinary income. If you have cash in the bank paying you interest, you receive a 1099 each year showing you how much interest you earned and that goes directly onto your tax return to be taxed at the rate you’re paying on your W2 earned income. Read more