Annual Rebalancing Steps

Annual Rebalancing Steps: Perspectives from a Seasoned Financial Advisor As you begin to receive your year-end statements, it will be tempting to focus on how well the markets performed – because it really was a year for the record books. The year 2017 saw the DJIA set 71 all-time highs, surpassing the previous record of 69 set in 1995. We saw NASDAQ up 28%, the DJIA up 25% and the S&P 500 up 19%. And at almost nine years old, this bull market is now the second-oldest and second-strongest in history. Given last year’s market performance, it would be a safe bet that many investors need to consider rebalancing, because they might now be overweight or underweight certain asset classes – and therefore positioned in a way that is inconsistent with their risk tolerance and goals. Now is the Time to Think About Rebalancing The reality is that the market …

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Don’t Miss These Year-End Retirement-Planning Deadlines

It’s not too late to ensure that your retirement planning is on track to maximize tax savings before the end of 2017. Understanding end-of-year deadlines can help you maximize your tax savings as well as prepare for another year of saving. “Tax planning should really start in January, not in November or December,” says Randall Luebke, a financial planner at Lifetime Paradigm. “That said, if you do wait, be sure to do everything you can to reduce the taxes you pay.” Now is the time to accelerate your tax-deductible expenses and put off receiving taxable income. Here are some tips. Consider Roth Accounts If you’ve been thinking about converting a traditional IRA to a Roth IRA, it’s a good time to make a decision and act because you must file forms by the end of the year. With Dec. 31 falling on a Sunday in 2017, experts recommend aiming for …

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Challenges of Managing Certificates of Insurance in Real Estate

Challenges of Managing Certificates of Insurance in Real Estate

Managing certificates of insurance represents a big challenge for real estate and property management organizations. When property changes hands, for example, there can be a lapse in coverage, and that can mean a big risk for the new owner or manager. “Insurance is one of the primary mechanisms for managing a property owner’s downside risk,” says Marc Cook, senior managing director of client services at Crossman & Co. “These documents provide evidence that tenants and vendors have proper insurance coverages in place, and in sufficient amounts, to financially protect themselves, the property owner, and other applicable parties if an incident should occur which causes harm or loss to a guest at the property.” These are some of the top challenges involved in managing COIs in real estate. Acquisitions and Management When a property changes hands or new management takes over, it’s easy to lose track of COIs.  Buyers must make …

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