Ask the CFP

Should the Tax Tail Wag the Dog?

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “Every difficulty slurred over will be a ghost to disturb your repose later on.” ~ Frederic Chopin, Composer Question: How much will the possibility of tax reform influence financial markets, and should I wait until this is completed before reviewing my estate planning documents? Answer: There’s an old adage on Wall Street; “Don’t’ let […]

When Life Changes, So Should Your Beneficiaries

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “Don’t let the possibilities be suffocated by procrastination. Go! Now!” ~ Robert H. Schuller, American Author (1926-2015) Question: My neighbor’s husband recently passed away and from what she’s told me it appears that things didn’t unfold as she thought they would. He told her she’d be “okay” and that’s not the case. How often […]

The Power of Dividends

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “The beauty of dividends is that you get paid, whether or not the market is up.” ~ Howard Silverblatt, Senior Index Analyst with Standard & Poors  Question: What are your thoughts on how interest rate increases, regulatory reforms and tax changes may influence dividend paying stocks? Answer: Gradually increasing interest rates and the implementation […]

What’s Your Ethical Threshold; Sustainable Investing

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “Ethics is knowing the difference between what you have a right to do and what is right to do.” ~ Potter Stewart of “I know it when I see it” fame. United States Supreme Court Associate Justice, 1915-1985. Question: I’ve been reading about sustainable investing. Is this the same as socially responsible investing? Answer: […]

5 Questions to Ask When Your Broker Changes Firms

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “Clarity affords focus.” ~ Thomas Leonard, American businessman  Question: My financial advisor called to let me know that he changed firms again and sent paperwork to move my accounts. Why would he be moving and what should I do? Answer: There are a number of reasons why advisors would change firms. In fact, I’ve […]

Building Your Financial Team: Who Should Make the Cut?

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “If you have knowledge, let others light their candles at it.”  ~Margaret Fuller (1810-1850) Question: How do I find out if my financial advisor is a fiduciary, and why is that important? Answer: Your question has become more prevalent and relevant recently because the Department of Labor’s (DOL) new rule governing retirement investment accounts […]

Strategies Beat Predictions and Hunches

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “It’s what you learn after you know it all that counts.” ~ Earl Weaver (1930-1993), Baseball Hall of Famer and “the sorest loser who ever lived.”  Question: What will happen to the markets during 2017? Answer: Strategists, economists, and even Certified Financial Planners™ are notorious for trying to predict markets. Over my career, it’s […]

It’s a Work in Progress

Ask The CFP®  Practitioner Question: During the holiday break we took the advice offered in your last column and held a holiday huddle to review family finances. Although awkward at first, I think everyone was a bit relieved now that we’ve discussed the “what ifs.” What’s next? Answer: Now it’s “go time!” If you have a plan in place, be sure […]

Santa Claus Rally & Holiday Huddle

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “Oh, Christmas isn’t just a day, it’s a frame of mind . . .” ~ A Miracle on 34th Street What does the term Santa Claus Rally mean? The Santa Claus Rally is a catchy phrase and it is cheery to think that even Wall Street receives a visit from Old Saint Nick. Many […]

Planning to Give

Ask The CFP® Practitioner Darcie Guerin darcie.guerin@raymondjames.com “Wisdom is oftentimes nearer when we stoop than when we soar.” ~William Wordsworth Question: What are the best ways to make gifts to charitable organizations? Answer: That’s a common question that comes up each year around the holidays. For that reason, let’s review how to best fulfill your charitable inclinations and make a difference […]