Blog - Point Wealth Management

Maximizing Tax Advantages Through Charitable Giving: A Win-Win Strategy

Jeremy Reif September 26, 2024

I have had the privilege of working with many clients who have reached a point in their lives where they have invested their money and done well with it, been able to enjoy their preferred lifestyle, and have blessed their children financially. But they want to go further. They want to donate to charities to create a legacy and find self-fulfillment. The problem is, once you give away a large portion of your estate, it’s permanent. Many people are afraid to take the plunge even if they have noble charitable intentions. Is there a way around this?

Can A Roth IRA Help You Minimize Your Tax Loss?

Jeremy Reif September 19, 2024

Dealing with retirement can be tricky. Do you plan for the here and now and everything that goes with it or do you plan for the future and try to take an educated guess as to what might happen? This is especially true when it comes to taxes. Is it better to pay taxes today under the current low rates, or pay them later when they could potentially be higher? What can you do today to lower the probability of paying those higher taxes?

Are You Trying To Keep Up With The Joneses?

Jeremy Reif September 12, 2024

Have you ever noticed that you become like the people you spend time with? The longer you’ve had a relationship with someone, whether it be a family member, friend, or neighbor, you tend to pick up their habits and tendencies and be drawn to their hobbies and passions. There’s nothing inherently wrong with this, except when it comes to your finances.

What Should You Expect The Stock Market To Do During An Election Year?

Jeremy Reif September 6, 2024

The stock markets do not like uncertainty, as uncertainty provides the markets with volatility. Volatility changes investors’ raw emotions, and emotions cause people to make rash decisions.

You Go To A Doctor For Surgery, So Why Not Work With A Professional For Your Finances?

Jeremy Reif August 29, 2024

many people don’t treat their finances with the same seriousness as they do their health. Let me explain why this matters.

The Dangers of DIY Investing

Jeremy Reif August 22, 2024

When you know enough about your finances to be dangerous, you could get into some tricky situations.

I Stopped Making These Common Financial Mistakes Once I Learned This

Jeremy Reif April 10, 2023

3 Things The Wealthy Do Different By Jeremy Reif Wealthy: Live below your means Wealthy people in general, live below their means. They often

How To Invest During a Recession Like Buffet

Jeremy Reif April 27, 2023

Tips For Investing During A Recession by Jeremy Reif Warren Buffett is considered one of the most successful investors of all time, with a net

These Are The Top 3 Most Commonly Asked Financial Questions: According to Google

Jeremy Reif May 4, 2023

These financial questions are so common they are asked almost daily. Finance is a complex and ever-changing topic, so it’s no surprise that people have

People Like Dave Ramsey Say “NO” To Credit Cards, Is He Wrong?

Jeremy Reif May 12, 2023

Who carries cash these days, credit cards are a convenient factor

In running a boutique financial planning firm, I often get asked by clients or the local media to comment about credit cards. What are your thoughts about credit cards, and do you recommend them? For the most part, we have a conversation that goes a little something like this.

If you follow people like Dave Ramsey, he recommends that you avoid them at all costs because they allow people to spend money they don’t have and get into debt. Yes, Dave is onto something here, and is good generic advice. I believe that this subject has more to do with proper/improper financial education as well. Therefore, Ramsey is wrong as well. Well, I am not more than 2 paragraphs in and just contradicted myself. Let’s dive a little deeper into this.