Posts by Taylor Stanfill, CFP®
20 Second Advisor: The Outcome Isn’t Important
I recently heard someone say “don’t measure success or failure by the outcome but by the wisdom of your decision that led to that outcome.” Said another way: we can not control the outcome, but we CAN make wise decisions with the information we have available to us. This principle makes perfect sense, but it…
Read More20 Second Advisor: Go To The Dentist!
There was a period of 5 years when I did not go to the dentist. I had a FEW “trouble spots” that needed to be fixed, and I decided to ignore the problem. The discomfort and expense were preventing me from doing what I needed to do. It was dumb. When I finally went, the…
Read More20 Second Advisor: The Beauty in Struggle
We learn like crazy when things get hard. We grow when we overcome obstacles. We get stronger when we push beyond our comfort zone. We naturally seek comfort and avoid pain yet we are drawn to the beauty that struggle produces… Diamonds are formed only after intense pressure and heat Butterflies emerge after the strain…
Read More20 Second Advisor: Pet Peeve About Your Spouse?
When asked what my wife’s pet peeve is about me, she will quickly respond with “he wants to discuss our finances too often!” I THINK I’ve gotten better over the years, but I’ll have to ask again! I came up with a saying that I share with my clients…“In order to make money a non-issue,…
Read More20 Second Advisor: Adopt the Lifestyle
I recently finished a fantastic book about eliminating hurry from your life. In it, the author used an analogy that I loved. Mostly because it had to do with running, but it applies here as well! The author likes to sit on his front porch early in the morning. Nearly every day, the same group…
Read More20 Second Advisor: Racial Injustice and Hope for a Change
This was written by David Booth, Executive Chairman and Founder of Dimensional Fund Advisors… The murder of George Floyd is the most recent in a long line of injustices against the black community in our country. While reflecting on what our firm can do to help, I came upon something my friend and colleague Bill…
Read More20 Second Advisor: Roller Coaster Safety
Last week, Thad did a great job of illustrating why it’s in your best interest to stay invested during volatile times. We thought a word picture would also help! Have you ridden a roller coaster in a while? I bet you can still recite the safety instructions that are repeated over and over again as…
Read More20 Second Advisor: Nuggets From Talking With Clients
As you can imagine, we have been having conversations with clients, colleagues, and friends in the midst of this COVID season. We thought it might be helpful to summarize some of the consistent topics we are addressing: It’s still a good time to refinance Keep contributing to your retirement plans if you can (only pause…
Read More20 Second Advisor: CARES Act Suspends Required IRA Distributions
If you are 72 or older, you are normally required to make distributions from your retirement accounts (401k, IRA, 403b, etc). The CARES act eliminated this requirement for 2020. This is good news for many retirees for 2 reasons: Avoiding the taxable distribution will reduce their taxable income in 2020 They can leave their tax…
Read More20 Second Advisor: We Are Here & Refinance
WE ARE HERE: Uncertainty surrounds the investment markets and our economy right now. We understand this is hard, and we want to be here in every possible way for our clients (and for anyone else who needs help). Thankfully, we can work anywhere we have internet. So, we are open for business and available if…
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