Insights
Perspectives & News
Market commentary, tax and estate guidance, and firm news, in plain English.
Financial Planning
Tips for Preventing Fraud
Cybercrime and fraud are serious threats and constant vigilance is key. While MCF plays an important role in helping protect your assets, you can also take action to protect yourself and help secure your information. This checklist summarizes common cyber fraud tactics, along…
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Tax Planning
A Look into Tax Loss Harvesting
Tax Loss Harvesting is a term that gets thrown around frequently in the wealth management industry, but is infrequently accompanied by a definition, purpose, or real-life examples. Let’s look at what tax loss harvesting is, why it is important, and one example to help…
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Tax Planning
Understanding Capital Gains
A capital gain is generated from the sale of a capital asset, generally an investment-type asset. Not all capital gains are considered equal in the eyes of the IRS. A gain from the sale of a capital asset held for less than a year is considered a short-term capital gain and is…
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Estate Planning
Reviewing Your Beneficiary Designations
By: Sean T. Lamanna, CFP ® , Financial Advisor Three areas continually change over the years: your balance sheet, family dynamics, and the law. That is why reviewing your estate plan on an annual basis is integral to maintaining a desired outcome. Although all three of these…
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Investment Markets
Using Investments to Mitigate Risks & Fuel Your Goals
By Jacob B. Hensley, CPA, Financial Advisor The world of investments can be highly intimidating. With seemingly infinite options paired with the unpredictability of the world today, it is easy to become overwhelmed trying to navigate it alone. Having a team taking charge of…
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Financial Planning
Why it is Important to Know and Update Your Net Worth
By: Brittany B. Manning, CPA, CFP®, Director of Wealth Management Services Most of us know that net worth, or a personal financial statement, is a report that summarizes what we own and what we owe. But why do we spend time updating this report with our advisor and inquiring…
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