The Blue Blaze

Frankie Corrado

CFP®, Financial Life Guide, Tax Preparer “I love taxes. They’re like a puzzle to me.”

Recent Posts

This Black Friday, Don’t Let Holiday Season Shopping Scams Give You a Case of the Credit Theft Blues

Posted by Frankie Corrado on Nov 23, 2018 9:34:00 AM

 

Credit or identity theft is a major problem. Last week, I myself became a victim!

It’s the holiday season and we’ll all be online and in stores shopping, right? We'll be buying gifts for friends and family, (and maybe a few for ourselves!) - so this incident, and the actions I took afterwards to protect myself, are timely for us all.

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Topics: Credit, Identity Protection, Tips, Holiday shopping, Fraud, Identity theft, credit cards, passwords

The ABCs of Education Investing

Posted by Frankie Corrado on Nov 5, 2018 10:17:00 AM

With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children’s future college expenses.

While it’s a fair bet that most parents and guardians will be filling out the dreaded FAFSA (Free Application for Federal Student Aid) as part of their college application ritual, crossing fingers for a favorable outcome on that process isn’t anyone’s best bet.

We have put together a handy primer with some introductory lessons and key details to prepare anyone looking to successfully plan and pay for their children’s college experience. Read on for more about:

  • The rising cost of a college education
  • The impact of inflation on the cost of higher education
  • Risk management and Opportunity cost
  • Diversification and Goal setting
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Topics: Parents and Children, Goal Setting, College Planning

The Federal Fiduciary Rule is Dead. Long Live the Fiduciary Rule.

Posted by Frankie Corrado on Sep 13, 2018 9:58:00 AM

 

Following a long and extensive battle with government bureaucracy, the Fiduciary Rule died on June 21, 2018. The Rule is remembered fondly by its many supporters for the transparency and objectivism it was meant to bring to the financial services industry. It is mourned by the many who believed in its unfulfilled potential.

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Topics: Values, Optimal Life,, Financial Services, Financial life guidance, Fee only, Fiduciary, Fiduciary rule, Ethics

1 Easy Thing You Can Still Do to Lower Your Tax Bill for 2017

Posted by Frankie Corrado on Feb 13, 2018 2:51:48 PM

 

A client of mine recently asked me if she could still make a 401k contribution for the prior year (2017). Unfortunately I had to explain that no, she couldn’t - that window closed on December 31st.

But good news! There is still time to save in a tax-smart way for the prior year.

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Topics: Optimal Life,, Tax prep, Financial life guidance, Financial Services

It's Hero Time. Thanks, Charitable Gift Fund.

Posted by Frankie Corrado on Dec 18, 2017 7:56:55 AM

 

Image courtesy of rawpixel.com via Upsplash

 

It Isn’t Over Till It’s Over.

Time’s running out to tick off all those new year resolutions.

If being a hero is still on your list (unchecked), there’s a way to make this happen: start a charitable gift fund.

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Topics: Financial life guidance, Purpose,, Values, Charitable

We Told Our Colleagues It Was Time to Change. Their Response Surprised Us.

Posted by Frankie Corrado on Dec 4, 2017 9:29:02 AM

 

Image courtesy of MacPhysto on Upsplash

You never know what will happen when you propose bold change. The only guarantee is that you’ll get people’s attention...and a LOT of people weighing in with opinions.

At this year’s Alliance of Comprehensive Planners (ACP) annual conference, Blue Blaze had a spot at the Board table as well as time on the agenda. We proposed big change. We got lots of feedback.

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Topics: Financial life guidance, Optimal Life,, Values

Equifax Breach Blues? Before You Freeze Your Credit, Read This.

Posted by Frankie Corrado on Sep 22, 2017 11:07:38 AM


Earlier this week, we posted a letter we shared with clients containing some insight into the Equifax data breach, including options for responding to this potential invasion of privacy and identity theft. We’re sharing that information again, below.

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Topics: Credit, Identity Protection, Tips

What's Your Big Idea and How Will You Prepare?

Posted by Frankie Corrado on Sep 13, 2017 2:07:57 PM

Photo credit: Peter Dant Photography

On August 21, 2017, the first total solar eclipse in the United States since 1918, ran from coast to coast, from Oregon to South Carolina.

It was a big deal.

Some financial experts raced ahead in the news, predicting a $700 million dollar ‘hit’ to the USA’s collective productivity bottom line, thanks to people taking time out of their day (or the day off) to watch the celestial show. (Read why Forbes says this is bunk.) The Associated Press reported that it was the most observed and reported eclipse in history.

It was special for those of us occupying the north west hemisphere as this eclipse event was only visible in the United States and there won’t be another one like it until April 2024.

How special was it?

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Topics: Bell Works, Financial life guidance, Goal Setting

Top Wedding Gifts That Inspire Happiness Far Into the Future

Posted by Frankie Corrado on Aug 18, 2017 8:40:00 AM

 

Image courtesy of Jeremy Wong

More and more people are marrying in their late 20’s and well into their thirties. They’ve been working for a few years. They’ve already bought furniture and appliances for their apartment or home.

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Topics: Savers

Goal Setting DOES Work, in Finances and Life

Posted by Frankie Corrado on Jul 7, 2017 1:58:44 PM

My Response to: “Goal Setting Doesn’t Work.”

Sarah Robbins of Blue Blaze Financial Advisors, walking in Bryce Canyon National Park

A recent article by Darren Hardy, the creator of the magazine, SUCCESS, shows his smiling picture beside an article where he makes the bold claim that “Goal setting doesn’t work”. As a huge believer in goal setting, I was taken back by the headline but went in with an open-mind. “Maybe this guy has a point I haven’t considered,” I thought.

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Topics: Goal Setting