Financially Free

October 9, 2018 | Alvin Carlos, CFA, CFP®

Do You Make These 5 Money Mistakes?

You must learn from the mistakes of others. You can’t possibly live long enough to make them all yourself. – Samuel Levenson I will confess. I’ve had my own share of financial mistakes. When I was new to the investing world, I decided to buy call options. It had the potential to generate immense returns, […]

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September 12, 2018 | Alvin Carlos, CFA, CFP®

Got a New Job? 4 Tips to Maximize Your Situation

Did you just start a new job? Congratulations! I hope you’ll get along with your new boss. With your higher salary and new benefits, here are four questions you might be thinking about, and tips on how to approach them. 1) What should I do with my higher salary? This is a great time to examine […]

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August 22, 2018 | Alvin Carlos, CFA, CFP®

Free Mutual Funds & Credit Freezes Are Now Here

Here are two cool recent personal finance developments that make my heart leap! 1) Credit Freeze Now Free Starting September 21, we can now freeze our credit for free! We can request a free credit freeze through Equifax, Experian and Transunion by going to their respective websites. Previously, these credit bureaus charged $5 or more […]

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June 30, 2018 | Alvin Carlos, CFA, CFP®

Switched Jobs? Learn How to Maximize Your New Benefits

Samantha just got a new job. She’s excited! It’ll be a breath of fresh air she needs, after a recent breakup. Samantha will have to make decisions on her new 401(k), Employee Stock Purchase Program (ESPP), Restricted Stock Units (RSUs), and insurance coverage. She also needs to figure out what to do with her old […]

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May 23, 2018 | Alvin Carlos, CFA, CFP®

Government Wipes Out $170,000 in Student Loan Debt of Social Worker

Many people wonder if the government will honor their word of eliminating their federal student loan debt under the loan forgiveness program. This year, we witnessed one of the first who successfully completed this program. Michael Mitchell is a 47-year old professional musician turned social worker and counseling pyschotherapist. He earned his master’s degree from […]

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April 19, 2018 | Alvin Carlos, CFA, CFP®

Who Should Consider Bankruptcy?

Bankruptcy is an unattractive way to get out of debt. But one of our clients chose this path, and she’s never been happier. Meet Sue Sue (not her real name) is a single mom who works in Bethesda and lives in Prince George’s County. Half of her monthly take home pay goes to rent, and […]

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April 5, 2018 | Alvin Carlos, CFA, CFP®

Amazon and an Imprudent Proposal

Two weeks ago, my client Carl (not his real name) asked me to put all of his $330,000 IRA retirement savings in Amazon. I couldn’t believe what I was hearing. I could not, in good conscience, implement this request. It is extremely imprudent to put all of our savings in a handful of stocks, let […]

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March 27, 2018 | Alvin Carlos, CFA, CFP®

4 Money Makers You May Be Missing Out

We’ve heard many investment success stories. The Winklevoss twins are reportedly now billionaires through their early bitcoin investments. Our uncle who invested $10,000 in Berkshire Hathaway stock in 1965 would now have $88 million. What is the latest wealth generator out there today? We’ll give you four. They’re not the get-rich-quick schemes you may be […]

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March 6, 2018 | Alvin Carlos, CFA, CFP®

Secret to Creating $1 Million

According to Einstein, what is the most powerful force in the universe? The power of compounding. We see that at work with Katie and Haley’s retirement savings. Meet Katie Katie is a recent prospective client of our firm. She is just 25 years old, and already seeking out a financial planner. She’s been working for […]

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February 23, 2018 | Alvin Carlos, CFA, CFP®

4 Tips to Wipe Out Credit Card Debt

Do you feel the burden of credit card debt? Imagine what it feels like, if you didn’t have to make those monthly payments. Credit card debt affects people across all income levels. We have a client who works at a large technology company but feels stuck with a $40,000 credit card debt. We have another […]

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