October 24, 2019

The Importance of Knowing Your Risk Capacity

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If you have worked with a financial advisor, you are likely to have a good understanding of risk tolerance but may not be as familiar with risk capacity. Both are important in determining how much risk you should be taking in your portfolio for your unique financial situation. Defining Risk Tolerance and Risk Capacity Risk… [Continue]

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Steven Clark Accepted as a NAPFA-Registered Financial Advisor

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FOR IMMEDIATE RELEASE: Contact: Steven W. Clark Clark Financial Planning Services LLC (954) 300‐1199 Or stevenclark@clarkfinancialplanningservices.com Local Financial Advisor Joins Leading Association of Fee‐Only Financial Planners: Steven W. Clark of Clark Financial Planning Services LLC accepted for Membership in the National Association of Personal Financial Advisors (NAPFA) CHICAGO, IL – Steven W. Clark of Clark… [Continue]

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I Am What I Was – An Entrepreneur

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I believe that for most of us, the adult we have become is a reflection of the child we once were. Childhood Experiences Shape Our Lives I love meeting people and learning about the paths they took to get to where they are today. In these discussions with others, I find quite often that events… [Continue]

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Quick Answer #4 – What is the Florida Achieving a Better Life Experience Act?

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Quick Answer The Achieving a Better Life Experience Act, or ABLE Act, was signed into law by President Obama in December 2014.  The ABLE Act amends Section 529 of the Internal Revenue Code of 1986 to create tax-exempt investment accounts for individuals with disabilities (Section 529A accounts). The intent of the ABLE Act is to… [Continue]

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Another Life Transition, A Promise Kept

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  Much of the work I do with my clients is about helping them to plan for and navigate their life transitions. A life transition can be a happy occasion such as graduating from college, getting married, or embarking on a new phase of life such as retirement. Other times a life transition can be… [Continue]

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Quick Answer #3 – What is the Florida Fiduciary Access to Digital Assets Act?

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Quick Answer On March 10, 2016, the Governor of Florida signed into law the Florida Fiduciary Access to Digital Assets Act (the “Act”). The Act became effective on July 1, 2016. It is codified in Chapter 740 of the Florida Statutes.  The purpose of the law is to allow fiduciaries, such as personal representatives, agents… [Continue]

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Quick Answer #2 – What does pay yourself first mean?

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Quick Answer Pay yourself first (PYF) means to redirect a portion of the income you receive to retirement savings, emergency savings, or some other type of savings as soon as you receive it, and before you pay any other bills. In other words, the first bill you pay each month should be to yourself. This… [Continue]

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Quick Answer #1 – What is a Qualified Charitable Distribution?

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Quick Answer A Qualified Charitable Distribution (QCD) allows individuals to donate to charity through a distribution from an IRA account. The amount donated counts towards your required minimum distribution (RMD) for the year, and no income taxes are due on the distribution. General Rules Only individuals are allowed to use a QCD. Per person limit… [Continue]

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It is Not All About Money

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In this article I talk about things beyond money and get a bit touchy feely. Put Money into Perspective As a financial planner, I focus heavily on making sure my clients are saving a sufficient amount of their gross income towards retirement whether retirement is 10 years away or 40 years away. In addition, I want… [Continue]

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Tune-out the Noise and Develop a Plan to Guide You

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The financial and economic pundits in the news media want you to believe their predictions for the future are certain to come true. They guess on things that they say will have an impact on your financial well-being such as the outcome of the 2016 Presidential Election, the direction of interest rates, when the market… [Continue]

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