Written on . Posted in Fairman Group Family Office.
As with other matters surrounding retirement, it’s critical to know your options and test various scenarios before making any major decisions. Explore example situations in the Fairman Group Family Office article below.
Written on . Posted in Fairman Group Family Office.
Domicile is a lesser-known concept that goes beyond where you own property or where you spend most of your time and it is essentially intent-based. Domicile is a person’s fixed, principle, and permanent home or the place they intend to remain or return to, after being absent. While you can have multiple residences across many states, you can only have one domicile for state income tax purposes.
Written on . Posted in Fairman Group Family Office.
Over the last decade, there hasn’t been much to complain about when it comes to equity performance. Even after the sharp decline seen in financial markets earlier this year, equity indices have rebounded with strength and now sit at or near all-time highs. The resilience, performance, and consistency of the market in the last ten years has been nothing short of impressive—that is, unless you’re a value investor.
Value and growth investment styles are two philosophies that are often compared and studied. The basic premise behind value investing is that companies who are undervalued, based on a variety of metrics, are sought out with the hopes that the market will eventually realize its full worth—it can be thought of as “seeking to buy a dollar for 50 cents”. Growth investing, on the other hand, is less concerned about the valuation of a company and more concerned about current and expected growth rates—even if there is a premium to pay. Growth investing can be thought of as “buying 50 cents for a dollar, expecting to sell it for 5 dollars”.
Written on . Posted in Fairman Group Family Office.
One adjective that describes this year is ‘uncertain’. Regardless of what the future brings, proactive year-end planning is always essential. View Fairman Group Family Office’s checklist of things to consider before the end of 2020.
Written on . Posted in Fairman Group Family Office.
If you have not given serious thought to refinancing or analyzing how borrowing at low rates may benefit your broader financial situation, now is the time. Many financial rates are at historic lows due to current conditions, market instability and high demand for safety in the form of lower volatility.
Written on . Posted in Fairman Group Family Office.
In this edition, the Carlsons are preparing for their second son’s upcoming wedding, when COVID-19 strikes the country and brings along a multitude of uncertainties, including state and local taxation complexities for people now working remotely.
Written on . Posted in Fairman Group Family Office.
This edition of Fairman Group Perspectives highlights several topics related to the current market surrounding COVID-19. Topics include speculative investments, performance benchmarks, retiree confidence, and other topics related to investing.
Written on . Posted in Fairman Group Family Office.
Taxes may be the last thing on people’s minds these days; however, the extended tax-filing deadline of July 15th is near. The three-month extension to file federal and most state tax returns also applies to estimated tax payments.
Many business owners and self-employed professionals—such as attorneys, doctors, dentists, consultants, real estate agents, and others who are not W-2 employees, have no taxes withheld on the income they receive when they receive it. Most taxing authorities, including the U.S. government, operate on a ‘pay-as-you-go’ basis. This means that tax is due on any income at approximately the same time it is received. To make tax payments for that income, ‘estimated taxes’ are due.
Written on . Posted in Fairman Group Family Office.
As the world continues to face these unprecedented times, Fairman Group Family Office is available to help you with all of your financial planning needs. One important area that may be on your mind is estate planning—and specifically, having an updated and comprehensive estate plan in place. Below are Fairman Group’s top three suggestions for estate planning strategies:
Written on . Posted in Fairman Group Family Office.
Above the Historic Anthony Wayne Movie Theater
107 W. Lancaster Avenue, Suite 203
Wayne, PA 19087