Is It Smart?

Is it Smart to Get a Reverse Mortgage?

By: Tony Rieck, Associate, Financial Planning Analyst Over the years, reverse mortgage lenders have crafted effective advertising campaigns, using both current and former television stars like Tom Selleck and Henry Winkler to promote the benefits of a reverse mortgage. Perhaps this explains why clients and prospective clients often ask us at Sullivan, Bruyette, Speros & Blayney(SBSB), “Is a reverse mortgage …

Fall 2017 Market Outlook

2017 Year-to-date Asset Class Returns: More of the Same, But Should It Be? Both stock and bond markets continued to drift higher in the third quarter, with International stocks leading the way due to their cheaper valuations, economic and corporate earnings growth rebound, and sizable central bank stimulus. What’s more, the strong returns both here and abroad have come without …

Is It Smart?

Is it Smart? Charitable Gifting of Cash vs. Highly Appreciated Securities

By: Mark A. Cecchini, CFP®, Manager, Client Advisor  As we approach the end of the year and the holiday season, many people look at charitable giving as a way of sharing or giving back.  People often think that the most direct and easiest way is to gift cash or write a check to your local church, community organization, university, or …

Stop Worrying About the Security Freeze and Embrace It Instead

The security of information on the internet is currently one the hottest topics due to the most recent hack at Equifax. At Sullivan, Bruyette Speros & Blayney LLC, sharing best practices regarding internet and data security with our clients is a constant. We stress the importance of regularly reviewing your credit, as well as, your spouse, children, etc. Setting alerts …

8 Financial Planning Tax Considerations for Attorneys in Law Firm Partnerships

By Patrick Dunne, CPA/PFS, CFP®, Principal, Senior Director, SBSB Tax Department Income taxes can be especially tricky for partners in a law firm. Partners are considered self-employed for tax purposes and are required to report their share of the Partnership’s income and expense items on their personal tax returns. As a result, law firm partners tend to face a unique …

Is It Smart?

Is It SMART to Buy Long-Term Care Insurance?

By Jennifer Quigley, CFP® , CASL™,  Principal, Client Advisor Americans are living longer than their parents. Many fear that longer life may bring long periods of infirmity and dependence upon others for the basic activities of life. They are also aware that nursing home care is very expensive. Care by professionals in the home – which many people would prefer …

Law Firm Partners: Planning for the Day of Financial Independence

By Kris Andrejev, CFP®, Senior Client Advisor You work hard and someday would like to reduce the stress, and stop running by the hour!  Unfortunately, planning for retirement or gaining financial independence can be overwhelming, confusing and a time-consuming journey.  You are faced with many important and crucial decisions: Am I in position, financially and emotionally, to stop working? When …

Special Investment Portfolio Considerations for Attorneys

By Ken Alozie, CFA, CAIA, SBSB Director Portfolio Management “It takes years to gain a client’s trust… and seconds to lose it.” Trust and integrity are central to a thriving law practice.  As a successful attorney, you are privy to confidential and material nonpublic information during the normal course of business with your trusted clients.  This includes, but is not …

Save Time: Efficient Financial Planning for Attorneys

By Jason Williams, CPA/PFS, CFP®, AEP®, Principal, Senior Client Advisor For attorneys, especially law firm partners, time is money! It is difficult to expertly handle projects and cases while building and managing a successful practice. Likewise, it can be near impossible for you to juggle tasks in the office, and address all that is needed outside of the office, as …