The Master’s Minute

A new year is a traditional time for reflection, perhaps even more so as we enter a new decade in 2020. Resolutions vary, as there are things we should start doing, some we should stop doing, and others that we need to continue. This last category reminds us of a long-standing and resolute commitment at Master’s. When Master’s Advisors incorporated 20 years ago, we committed to contributing a portion of… Read More

“Never put off until tomorrow what you can do the day after tomorrow.” – Mark Twain Do you have your essential legal documents? No? You’re not alone. Aretha didn’t have them. Prince didn’t have them. Many of us ordinary folks don’t have them. So why do we put off getting them? Various reasons. Cost. Is it worth what I will have to pay to have them drafted? Feeling more than… Read More

At this time of year, we tend to have conversations with our clients about how to allocate their year-end cash flow such as bonuses, business profits, excess savings or gifts. When making these decisions, it is helpful to have already laid out a decision-making framework to determine how to analyze the options. Recently, a friend of mine approached me about an idea for an investment that, on the surface, seemed… Read More

Have you ever considered how amazing it is that we have been given the ability to see past the present and consider what might happen in the future? Expectation is an important aspect of our minds that allows us to anticipate the future. We make decisions and plan as we prepare for future events. Often the bigger the expectation, the more it occupies our time and affects how we live… Read More

It’s that time of year again! Thanksgiving Day is this Thursday, and then we have less than four weeks until Christmas. We tend to get into a festive mood during this time of year that often includes gift giving to family, friends, and charity. As I’m writing this, the Lancaster County Community Foundation is hosting a 24-hour giving program called the Extraordinary Give or Extra Give for short. The Extra… Read More

It’s hard to believe we are approaching the holiday season, and the celebration of Thanksgiving is just days away. Where has this year gone? I truly enjoy this season and all this particular holiday represents, as giving thanks and expressing gratitude take “center stage”. It only seems appropriate to use this opportunity to express our heartfelt thanks to each of you, our Master’s clients and friends. Simply put, our business… Read More

When Congress passed the new tax laws for 2018, one of the biggest changes was the increase in the standard deduction. This increase meant that significantly less Americans would itemize deductions. Many commentators were worried that this change would lead to a decrease in charitable giving. The law raised the after-tax costs of donating by 7%, according to The Urban-Brookings Tax Policy Center. As it turns out, this change did… Read More

I recently met with a friend who experienced a significant health challenge. He currently is in the recovery phase but still is unable to work and do many of the things he was used to doing. What struck me was his attitude. He told me, “I think this challenge was a present from God. It caused me to stop and evaluate what is really important in life. It gave me… Read More

From the expansive windows in our office, I can see the trees beginning to make the shift into their Fall wardrobe.  Another Summer season has come and gone and a new season is before us. I see this shift to a new season happening for my Mother as well.  Her husband (my father) died this past July after 66 years of marriage.  She is now facing a move to downsize… Read More

Do you remember the last time you had Buyer’s Remorse? Hopefully, it was over something trivial, but do you know where Buyer’s Remorse comes from? Buyer’s Remorse is the aftermath of an emotional decision that is not aligned with our values and goals. When we regret a decision we have made, it is almost always due to the fact that we acted on emotion. Our immediate response to anything that… Read More