Financial planning for retirement is a popular topic, but if you fail to address these two misconceptions, then it can backfire. We’ve all heard about the “new retirement”, the mix of work and play that many of us assume we will have in our lives one day. We do not expect “retirement” to be all…
Read MoreAn obscure investment option draws interest. In searching for greater yield, investors look down many avenues. One new (or at least relatively untraveled) avenue has garnered some buzz lately – investment in business development companies, or BDCs. A BDC essentially functions as a subprime lender for a start-up or a financially struggling business. Big banks…
Read MoreThe term “out spouse” is commonly used by family law and divorce lawyers. When a couple is getting a divorce, sometimes both spouses have been involved equally in the financial decisions throughout the marriage. Maybe one paid the bills and worked with the CPA on the taxes while the other was in charge of investing…
Read MoreBetween early May and mid-July, the average interest rate on the 30-year fixed-rate mortgage rose about 1%. Rates on 30-year FRMs have basically held steady since hitting a peak of 4.51% in Freddie Mac’s July 11 Primary Mortgage Market Survey – in the August 15 edition, they averaged 4.40% – but there could be dramatic…
Read MoreOnce you make the decision to divorce, you begin the process of dividing the property, working out support payments, and dealing with children’s custody issues. Sometimes these things can be worked out between divorcing spouses and sometimes they require help from outsiders. The following are eight common options when it comes to divorce, and…
Read MoreA new MSN article titled “Powerball winners now face their toughest odds” discusses the challenges facing the three recent Powerball lottery winners. Pacifica Wealth Advisors is mentioned in the article: “Those stories underscore the necessity of shelling out for a financial adviser, or even a team of experts, to help keep winners from making poor…
Read MoreReal estate investors who want to defer capital gains have a neat option: they can take advantage of Internal Revenue Code Section 1031 to exchange out of one investment or business property for a “like-kind” property or equal or greater value. Usually, no gain or loss is recognized when you do a 1031 exchange. The…
Read MoreWhen the Supreme Court affirmed the legality of same-sex marriage in June, its ruling profoundly altered the financial planning landscape for gay and lesbian couples – resulting in some “night and day” differences. Yet in looking at the financial “before and after,” same-sex spouses and their advisors must also consider the “when and where” –…
Read MoreOn July 18, Detroit became the largest American city to file for Chapter 9 bankruptcy. What will happen to the pensions of its 20,000+ retired public employees? There is a possibility they could be reduced – perhaps greatly. In the wake of Detroit’s fiscal problems, current and future pension recipients across the country are wondering…
Read MoreIn a Yahoo feature titled “What Everyone Who Wants To Win the Lottery Should Know,” Katie Couric interviews Robert Pagliarini about how to manage the financial and psychological issues facing lottery winners. Here is a short preview: “Financial expert and President of Pacifica Wealth Advisors, Robert Pagliarini, works to help people that have come into…
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