Making Cents: Temporary Renting of Your Personal Real Estate Has Many Possible Risks

By: John P. Napolitano, CFP®, CPA, PFS, MST

Whether it’s called home or room sharing, short term rental arrangements (or whatever the regulators ultimately call it), millions of people have jumped on the bandwagon of either renting or advertising rooms for rent for as short as a single night. This may work wonders for your cash flow if you need extra money, but it also has a set of income tax and risk management considerations that can’t be ignored.

Read More

The Best Round of Golf

By: John P. Napolitano, CFP®, CPA, PFS, MST

A great round of golf can be caused by many things. Good company, good weather, a manicured course and a good pace of play make being on the golf course one of the best possible uses of time to me. For some, scoring enters the criteria for a great round of golf. But for me, if I made scoring one of the criteria for a great day on the course I’d be disappointed at least half of the time.

Read More

Making Cents: Age disparity and marriage; a different financial plan

By: John P. Napolitano, CFP®, CPA, PFS, MST

It is common to see marriages between a couple where the age disparity is more than a few years. For purposes of this conversation, let’s set the discussion for spouses with an age disparity of 10 years or more. It doesn’t matter which spouse is older. In my experience it’s more common to find a 10+ year disparity where the husband is the older of the spouses.

Read More

Making Cents: To Robo or not to Robo

By: John P. Napolitano, CFP®, CPA, PFS, MST

The financial world has been introduced to a new term over the past few years.  That term is Robo Advisor.  It sounds simple enough, but when you look at the long list of confusing jargon that already exists in the financial world, this is no different than many.  It sounds like one thing but may really be something completely different than what you need.

Read More

Making Cents: Two Reasons To Update Your Estate Plan

By: John P. Napolitano, CFP®, CPA, PFS, MST

For many, updating their estate plan is one of the last things on their mind. Yet when a friend passes suddenly or you hear a horror story of an unplanned estate gone awry, the idea flashes. If you don’t care about the following two issues, then go ahead, ignore making any updates and the lawyers and taxing authorities may be your beneficiaries.

Read More

Making Cents: Expanding Your Annual Financial Check Up

By: John P. Napolitano, CFP®, CPA, PFS, MST

As the calendar marches toward the final quarter of the year, there are certain financial rituals that many astute investors embrace. They routinely scour their portfolios for gains or losses to harvest, see that their allocations align with their expectations and they plan for ways to reduce the income taxes that they’ll pay for the year. These are all good practices, but this year I’m going to ask you to expand the scope of your year-end ritual to include other important matters that are commonly ignored.

Read More
Subscribe to John P. Napolitano