Fern Alix LaRocca CFP® EA

As I am doing my own taxes and help coach others on how to minimize their tax liability, there are a few myths that drive me up the wall so I thought I would post them here: 1. If I do an extension, I will get audited. BS ! You won’t get audited by filing […]

I have been helping my brother refinance his mortgage. He, like others, have this outdated idea of the evil Adjustable Rate Mortgage. After explaining to him the differences of a fixed rate mortgage and an adjustable, he chose the adjustable. I wrote an article for GuideVine about those differences and you can check it out […]

It’s Coming!

by Fern Alix LaRocca CFP® EA · 0 comments

 The Updated version of the 401K First Aid Kit- How to Stop Your Portfolio Bleeding and Get Back to Financial Health is being update for 2014.  Here’s what’s in it: *Don’t know how to get the maximum out of your 401K plan? Use this easy to read resource on the benefits of using a 401k […]

In 2009, Morningstar did a study comparing mutual fund returns vs investor returns. Here is what they got: Fund Category Fund Return Investor Return Investor Lag Large-Cap Blend -1.4% -5.7% -4.3% Large-Cap Growth -1.7% -7.7% -6.0% Large-Cap Value -1.8% -2.2% -0.4% Mid-Cap Blend 0.4% -3.0% -3.4% Small-Cap Blend -0.5% -6.9% -6.4% Europe/Pacific 3.1% 0.5% -2.6% […]

You don’t make goals because you are afraid of failing. So I am going to give you permission to go ahead and make some goals and fail at achieving them. Because after you make these big hairy audacious goals, (you will laugh at how unattainable they are) but you won’t laugh at how close you […]

  Many people think I know of a “great investment” or that I have a favorite that I use over and over again. I have been in the financial services industry now for over 30 years. (Yes, I am old.) I do have certain favorites that I prefer -for myself. My risk tolerance, my tax […]

Do you remember your first investment loss? What did it feel like? It was a long time ago and I know so much now but I don’t think I will ever forget the first time I lost money. I wanted to invest some money I had saved up but knew nothing about investments. A friend […]

As we all get older and experience the ups and downs of the economy, we worry about job safety. In this fast paced world, the age of the 30 year career and gold watch and pension has gone out the window. What will the future look like? If we are dependent on social security alone, […]

I attended a Enrolled Agent’s conference recently and there was a good discussion of the various ways people charge fees. Now EAs like other small business owners consistently undercharge for their services. I liken this to other habitual patterns that we do thinking that it makes our life easier. It may make it easier to […]

Like most people, I have refinanced my mortgage to get a lower rate. My previous lender was Schwab Bank and my new mortgage is with Quicken Loans. Since then, I have been flooded with information enticing me to refinance again and at an even lower rate. It is obvious to me when I read this […]