Articles by Mark Avallone, MBA, CFP®, CRPS®

May 2, 2018 | Mark Avallone, MBA, CFP®, CRPS®

The Most Important Question To Ask When Buying Whole Life Insurance

You may have heard the expression, “Buy ‘term’ and invest the difference.” While this axiom makes sense for many, there are times when whole life insurance is appropriate. It may sound odd, but a good question to ask is this: “Do I want to have life insurance when I die?” If you answer yes, then […]

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April 10, 2018 | Mark Avallone, MBA, CFP®, CRPS®

5 Tax Tips For Millennials – And Others Who Want Lower Taxes

As the tax-filing deadline nears, many people are looking for legitimate ways to lower their tax bills. While the government doesn’t make it easy, I can offer a few tips—especially for younger workers—that can help reduce that tax amount payable to Uncle Sam. 1 – Fully participate in any company-sponsored retirement plan. Whether it’s a […]

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April 5, 2018 | Mark Avallone, MBA, CFP®, CRPS®

April Is Financial Literacy Month – Why Financial Wellness Matters

April is Financial Literacy Month and a great time to focus on financial education. A lack of financial preparedness has huge societal costs, and in the coming years as Americans age, these costs will likely increase. There are daunting challenges facing not only the poor but also the working middle class. In the face of […]

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March 22, 2018 | Mark Avallone, MBA, CFP®, CRPS®

Rent Versus Buy: How Tax Reform Adds To The Decision

Historically, or at least before the housing crash of 2008, home ownership was considered to be a sure way of increasing your net worth. America’s post World War II economy had a reasonably steady level of growth, and population increases and demand for housing supported a rise in prices. In addition, fiscal policy favored home […]

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February 14, 2018 | Mark Avallone, MBA, CFP®, CRPS®

This Valentine’s Day, You Can Gift Like Kanye

Over the Christmas holiday, Kanye West made headlines by gifting his wife, Kim Kardashian, hundreds of thousands of dollars’ worth of stock in major companies including Netflix, Apple, Adidas, Amazon, and Disney. I am not sure that Kim needed the extra money, but it reminds us that gifting stock is another way to show a loved one […]

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February 8, 2018 | Mark Avallone, MBA, CFP®, CRPS®

How Tax Reform Impacts Your Traditional 401(k) Or Roth 401(k) Decision

The recently-passed Tax Cut and Jobs Act of 2017 challenges us to reconsider how we save for retirement. Saving for retirement is smart. This is especially true when you work for a company that matches your contribution into your retirement account. The Tax Act doesn’t change that, but it may impact which type of account […]

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January 24, 2018 | Mark Avallone, MBA, CFP®, CRPS®

How Tax Reform May Impact Near-Retirees And Retirees

The Tax Cut and Jobs Act of 2017 lowers income-tax rates for all tax brackets, especially for high earners, and raises the estate-tax exemption—both of these changes benefit the wealthiest Americans. While the wealthy are clear winners, the vast majority of Americans will pay the same or less in taxes for more than one reason. […]

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January 5, 2018 | Mark Avallone, MBA, CFP®, CRPS®

How The Tax Cut And Jobs Act Can Help The Middle Class Retire

There is much heated discussion about whether the recently passed Tax Cut and Jobs Act of 2017 will help or hurt low, middle, and high earners. I try to avoid the politics and instead focus on the Bill’s impact on daily finances and how it can help people reach their specific goals. For lower-income workers, […]

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December 30, 2017 | Mark Avallone, MBA, CFP®, CRPS®

21 Money Moves For A Wealthier Life In 2018

It’s that time of year when we all have good intentions. Whether it’s eating less or exercising more, we set out to make improvements in the New Year only to struggle to keep our resolve as the year progresses. When it comes to personal finances, it’s no different. With that in mind, here is a […]

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December 4, 2017 | Mark Avallone, MBA, CFP®, CRPS®

Why Long-Term Interest Rates May Not Rise In 2018

The U.S. economy has been in growth mode since 2009, and many investors have been anticipating significant interest-rate increases. This may be a logical expectation because, historically, the Fed has raised rates to slow down the risk of inflation during market expansions. Our current economic growth, as measured by GDP, is greater than 2.5%, and […]

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