Ask the CFP

Managing a Different Kind of Risk

Ask The CFP® Practitioner


“Go where the money is and go there often.”    ~ Willie Sutton, Jr., notorious bank robber (1901-1980). Question: How can I protect myself from scams and cybercrimes? Answer: Risk management is a primary purpose of financial planning. Cybercrime, although different from market risk, is an attempt to deplete net worth. This issue was last addressed in a column on January 27, […]

Keep Moving Forward

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“It’s a never ending battle of making your cars better and also trying to be better yourself.”              ~ Dale Earnhardt, professional auto racing driver (1951-2001) Question: What are your thoughts on self-driving cars? Answer: Autonomous vehicles, or AVs as they’re known, represent a growing subcategory for the automobile industry. AVs are the marriage of […]

The Future is Now

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“Individual income can grow only as fast as productivity rises.” ~ Alex Berenson (born 1973), American writer Question: How will my income portfolio be affected by rising interest rates? Answer: When it comes to making predictions, I’ve learned that it’s best to plan for the occasional economic wildcard and look for trends rather than absolutes. Between 2008 and 2015 the […]

Why Skipping a Generation Can Be a Good Thing

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“The true meaning of life is to plant trees, under whose shade you do not expect to sit.” ~ Nelson Henderson, Scottish rugby player (1865-1943) Question: Could you explain generation-skipping trusts and how they might benefit our family? Answer: By definition, generation-skipping trusts (GSTs) are any trust whose beneficiaries are two or more generations below the grantor. For example, as a […]


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