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Wiser Wealth Management Blog

Fiduciary

What is a donor advised fund?

You may believe that in order to have your own family charitable fund you need to have a last name like Gates or Rockefeller. This is not the case at all. In the United States, over $390 billion is given each year for religious, education, human services, health, arts and other causes that donors are passionate about. Most of these donations are given directly by individuals, but with higher standard deductions, a stronger US economy and families looking to leave a legacy, a new process

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Wiser News

Market Commentary Q4 2019

Market Commentary Our market commentary begins with a review of how we entered 2019 with news headlines claiming that the year would be a horrible recession with TV pundits predicting doom and gloom. It only seems fitting that the market would then gain 31% on the year. Specifically, the S&P 500 was up 31%, other asset classes such as foreign, small cap US and real estate were up over 20% on the year. 2019 was a good case for why you should never try to

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Personal Finance

SECURE Act – What you need to know

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was attached to the 2020 budget bill and signed into law on December 20th by President Trump. The Act, championed by Ohio Senator Rob Portman, passed both houses with bipartisan support. The SECURE Act has changed many rules related to retirement. Required Minimum Distributions (RMDs) Will Start at Age 72, not 70.5 In the year that you turn age 72, not 70.5, you will need to withdrawal funds annually from your IRA. If you turned

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Wiser News

Charles Schwab – TD Ameritrade purchase

On Thursday, November 21st, news broke that Charles Schwab is purchasing TD Ameritrade, the custodian we use here at Wiser Wealth. This purchase is not a complete surprise as there has been speculation that a consolidation within the industry would happen as all major firms now have $0 transaction fees. There are three major custodians that we believe any reputable fee-only advisory firm would hold client’s assets with: TD Ameritrade, Charles Schwab and Fidelity. Wiser Wealth chose TD Ameritrade over two decades ago (back when it was

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rebalance portfolio
Wiser News

Q4 Intra-Quarter Portfolio Rebalance

On Friday November 15, 2019, our BlackRock model guidance prompted us to do a Q4 intra-quarter portfolio rebalance. Thus, you may have received trade notifications associated with this firm-wide rebalance. Below are notes from the “BlackRock to Advisor” Podcast that review the reasons for the portfolio rebalance. Additional trade rationale research notes are also included. “When the facts change, I change my mind. What do you do, sir?” The portfolios are re-positioning outside of their regular rebalance frequency for the first time in over 3

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Debt & Credit

How does your car payment compare?

Taking out a car loan is the way most Americans can afford to purchase a car.  The current average loan size of a new car loan is $32,187 and the average for a used car is $20,137.  Average amounts for all auto loans have risen steadily over the last ten years to a record breaking $23,438 in December of 2018.  This equates to the average monthly payment for a new car in Q1 2019 of $554.  This is more than half the average US mortgage

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Robert Swarthout
Wiser News

Robert Swarthout joins Advisory Board

We are excited to announce the addition of Robert Swarthout to our Advisory Board.  The Wiser Wealth Advisory Board currently has four members who provide guidance to Casey Smith and the Wiser Wealth Management team with long-term business planning and strategy. Robert Swarthout is a 2004 graduate of Berry College where he holds a B.S. in Computer Science with a business minor. Upon graduation, he co-founded PaperBackSwap.com and was involved in that business until early 2008. In 2009 he co-founded ShootProof.com, a SaaS platform that

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Credit score
Debt & Credit

Myths about credit scores

The Wall Street Journal recently published an article titled “9 myths about credit scores.”  Knowing what actions truly impact your credit score is crucial if you are working on improving your credit score.  A higher score can mean better terms on credit cards, lower mortgage rates and less expensive premiums on insurance (to name a few). With these things in mind, let’s discuss a few of the myths the article outlines. Myth 1 – Checking my credit score hurts my credit score. There are two

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Wiser News

Casey Smith Five Star Wealth Manager

Casey Smith has been named a Five Star Wealth Manager by Five Star Professional.  The award is featured in the October 2019 edition of Atlanta Magazine. Each year, Five Star Professionals recognize outstanding Atlanta area wealth managers.  This is Casey’s eighth year on the list. Five Star Professional uses its own proprietary research methodology to name outstanding professionals. Each award candidate undergoes a thorough research process to be considered for the award. The company then works with publications like Atlanta magazine to spread the word

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Inside ETF 2020 Conference logo
Wiser News

Inside ETF 2020 – Casey Smith to present

Casey Smith will present on a panel at the Inside ETF 2020 Conference in Hollywood, FL in January 2020. Casey will speak about the evolution of advisor compensation. It is an honor to be part of the speaking panel at the Inside ETF conference that attracts the world’s leading ETF experts. There will be over 2,300 ETF professionals attending the conference who come together to learn, network and share the latest ideas in ETF’s.  The conference is known for a mix of speakers and will

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