Beyond Dollars

Grandparents: UTMAs/UGMAs, 529s, Trusts & More

Recently, one of our team members at Cannell & Spears became a first-time grandparent, an incredibly special experience. Today, after decades of stock market and home value appreciation, grandparents are often able to give more than just the gold in their hearts – they can be a big financial help as well. We often get questions from new grandparents about the best way to help. While everyone’s circumstances are different, we put together a primer on some ⁠ideas⁠ [https://www.cannellspears.com/s/Grandparents-Gold-In-Your-Hearts-Maybe-In-Your-Pockets-73124.pdf] that we expand on in this episode.

10 Financial Decisions to Make the Most of Your 20s

Personal finance in your 20s can lay the ground for your financial success and stability, but it can be a little overwhelming to navigate at the outset.  What do you do with that first paycheck? Should you contribute to your 401k? When should you start investing? In what stocks? The questions to consider and actions to take are plenty, so we’ve put together a guide [https://static1.squarespace.com/static/64d60b39700ebb4cb31d7985/t/666089648b9be01f223dd046/1717602660499/The+10+Financial+Decisions+to+Make+the+Most+of+your+20s.pdf] to help you begin your financial journey. The most important rule? Get started.

How We Think About Stocks

Clients sometime ask why we don’t own a particular stock; usually the stock in question is a highflyer that has been in the news and just made an enormous move in price. Or they might ask if we are considering the purchase of a fallen angel, a revered company that the market believes has lost its way. To answer, it is important to note that a “good company” does not always make for a “good stock” just as a “bad stock” does not always make for a “bad company”. Today we go in-depth with our very own: Bob Morgenthau [https://www.cannellspears.com/robert-p-morgenthau] & Jeb Breece [https://www.cannellspears.com/james-e-breece] to discuss the ongoing Price vs Value [https://www.cannellspears.com/s/Investment-Strategy-March-2024-Quicktake-dttd.pdf] debate. At the center of it all? Discipline versus greed. Neither Cannell & Spears nor its personnel provides tax or legal advice. You are urged to consult your tax or legal advisors concerning the impact on your personal situation of any potential strategy or investment. This material is presented solely for informational purposes and does not constitute investment advice. For further information, please see www.cannellspears.com or contact the firm by electronic mail at partners@cannellspears.com.

Inherited IRA 2024: The Pros, Cons & Considerations

Given the evolving nature of IRA regulations, we’ve created our own “cheat sheet [https://www.cannellspears.com/s/CS-Personal-Finance-February-2024-QuickTake.pdf]” on things to remember. We dived deeper into the topic of Inherited or Beneficiary IRA's with our very own: Will Herrman [https://www.cannellspears.com/the-people-index] & Alina Carlson [https://www.cannellspears.com/the-people-index]. We go over some of the changes in the Secure Act since 2019, potential advantages, items to verify and key considerations. Please note, this topic is particularly sensitive to individual circumstances, so please consult your advisory team accordingly.  Neither Cannell & Spears nor its personnel provides tax or legal advice. You are urged to consult your tax or legal advisors concerning the impact on your personal situation of any potential strategy or investment. This material is presented solely for informational purposes and does not constitute investment advice. For further information, please see www.cannellspears.com or contact the firm by electronic mail at partners@cannellspears.com.