News and notes – Summer 2012

Making News…

Ron Tamayo contributed a piece to the Winter Park/Maitland Observer that explained the new taxes slated to take effect in 2013 from the greatly debated health care act.  As Ron pointed out, “The Affordable Care Act imposes new or increased taxes on some, but it will certainly increase the complexity of our tax system.”

Dan Moisand‘s regular monthly Q&A’s for Florida Today covered the differences in rules between spouses and non-spouses inheriting IRA money and cautioned one reader against funding her son’s business venture.

In his columns for Financial Advisor magazine, Dan took issue with the common arguments for including “alternative investments” such as hedge funds, managed futures programs, and non-traded real estate investment trusts as part of a portfolio.  He urged advisors to  consider the big picture, conduct more thorough research, and ignore the sales pitches for the products.   “There is a place for speculation in the world but it isn’t in the portfolios that are supposed to support my clients’ retirement income.”

We were honored to learn how well known we are in the financial planning profession.  Recently, Dan was asked to share some thoughts on the benefits of having more than one owner in a financial planning practice with members of NetworkFP, a group of practitioners in the budding financial planning profession in India.

In The News…

Several of our team members were quoted in various articles:

Derrick Chandler answered “Ask An Expert” question for the Orlando Sentinel.  Derrick clarified some of the parameters of Catch Up contributions to Roth IRAs.

Charlie Fitzgerald added his observations to an Orlando Sentinel piece about people who are too focused on current events and take on new risks by trying to outguess market moves over short time frames.  Charlie cited “emotional overhang” from the ’08-’09 market plunge as a possible cause.

Dan Moisand was tapped by Florida Today in a column Business Editor Adam Lowenstein wrote about the frequent frauds against the elderly.  The piece highlighted our firm’s role as an advocate for the elderly and included three of Dan’s red flags: • Urgency: A ne’er-do-well will talk of how you have to act now or the amazing opportunity he’s peddling will go away. •  Special deal, but keep it quiet: Scammers will also talk about how this is a special offer but one that needs to be kept between you two. •  High returns with little or no risk: If it’s too good to be true, it almost certainly is. “People with legitimate deals are prepared to provide information and respect the time it can take to conduct due diligence,” Moisand said. “They don’t suggest people cut corners.”

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Moisand Fitzgerald Tamayo, LLC is an Orlando, Tampa and Melbourne, Florida based fee-only financial planner serving central Florida and clients across the country. Moisand Fitzgerald Tamayo, LLC specializes in providing objective financial planning, retirement planning, and investment management to help clients build, manage, grow, and protect their assets through all phases of one’s life and the many transitions in between. If you have any questions or would like to discuss anything further, please give us a call or send us a note. If you are not a client and wish to receive emails notifying you of new posts – no more than once per month – fill out the subscription information in the sidebar to the right. For more frequent updates, follow us on FacebookLinkedIn, or Twitter.  

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About Dan Moisand

Dan Moisand is a fee-only financial advisor with Moisand Fitzgerald Tamayo, LLC. He is a regular contributor for multiple outlets, including Florida Today, MarketWatch, and The Wall Street Journal. His writing and financial advice have also been featured in Financial Planning, Investment Advisor, Wealth Manager/Advising Boomers, Forbes, Smart Money, and The New York Times, among other publications. He is the only two-time winner of the Journal of Financial Planning’s “Call for Papers” competition and has been named a top financial planner and advisor by multiple publications. Investment News named Dan one of the “twenty most influential men and women” in the history of financial planning. He currently serves on the Board of Directors for the CFP (Certified Financial Planner) Board.


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