Talking to your advisor about performance, beneficiary designations and GSTT are covered in this month's newsletter.
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Money Manager Monthly
October 2016

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Does Your Advisor Avoid Talking about Performance?

Monitoring the performance of an investment portfolio is a tricky task. On one hand, many investors would benefit from not becoming overly focused on performance. Doing so tends to lead to an unhealthy focus on short-term volatility/price movements, which can easily lead to an investor making a knee-jerk, emotional decision that runs counter to their long-term goals.

On the other hand, not tracking your performance on a regular basis could mean losing sight of whether your advisor is doing a good job for you. So, there’s a tradeoff and a balance to be found.

How often should you check your portfolio’s performance then? The answer is not necessarily a cut-and-dry number, like once a month, once a week or once a year. Instead, there are really two things to consider:

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Don’t Neglect Naming Beneficiaries

The end of the year is fast approaching, which means the holiday season and family-time are also near. Life tends to get busy and time tends to move quickly once November hits, so if there’s an ideal time to review your estate plan, now could be it.

There are several elements to thorough estate planning, but in this post we want to focus on the important—but often overlooked—step of reviewing your beneficiary designations.

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3 Things to Know About the Generation Skipping Transfer Tax

For readers unfamiliar with the generation skipping transfer tax (GSTT), in its simplest form it is what it sounds like – a transfer tax that is triggered when an individual (transferor) bequeaths all or a portion of an estate to a person (skip person) that is two or more generations below them, with an age difference of 37 ½ years or more. The simplest and perhaps most common example would be a grandparent leaving assets to a grandchild.1

To be sure, navigating the GSTT can be a complex process...

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Doug's Quiz Corner
Doug Hutchinson

Tax Efficient Investing

Quizmaster, Doug Hutchinson, presents his quiz for the month. Here, Doug discusses strategies for tax efficient investing. 

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The attached report and information have been prepared or produced by WrapManager, Inc. from sources and data believed to be reliable. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice, as an offer to sell, or the solicitation of an offer to buy any security in any states where such an offer or solicitation would be prohibited by regulations. WrapManager, Inc. is not a tax advisory firm. We recommend you contact your tax attorney or CPA prior to utilizing any of the tax-related strategies mentioned or discussed. Returns and experiences will vary for each client. Each client's risk tolerance and investment objectives are unique to them. Past performance may not be indicative of future results. No assumption that future performance of any specific investment or product made reference to directly by WrapManager, Inc., on its Web site and in marketing materials, will be profitable or equal the corresponding indicated performance level(s). WrapManager is an SEC-registered investment adviser. The investment adviser representatives of WrapManager may also be registered representatives of Prospera Financial Services, Inc., a SIPC/FINRA member broker/dealer. WrapManager and Prospera are not affiliated companies.

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