An obscure investment option draws interest. In searching for greater yield, investors look down many avenues. One new (or at least relatively untraveled) avenue has garnered some buzz lately – investment in business development companies, or BDCs. A BDC essentially functions as a subprime lender for a start-up or a financially struggling business. Big banks…
Read MoreThe term “out spouse” is commonly used by family law and divorce lawyers. When a couple is getting a divorce, sometimes both spouses have been involved equally in the financial decisions throughout the marriage. Maybe one paid the bills and worked with the CPA on the taxes while the other was in charge of investing…
Read MoreBetween early May and mid-July, the average interest rate on the 30-year fixed-rate mortgage rose about 1%. Rates on 30-year FRMs have basically held steady since hitting a peak of 4.51% in Freddie Mac’s July 11 Primary Mortgage Market Survey – in the August 15 edition, they averaged 4.40% – but there could be dramatic…
Read MoreA new MSN article titled “Powerball winners now face their toughest odds” discusses the challenges facing the three recent Powerball lottery winners. Pacifica Wealth Advisors is mentioned in the article: “Those stories underscore the necessity of shelling out for a financial adviser, or even a team of experts, to help keep winners from making poor…
Read MoreReal estate investors who want to defer capital gains have a neat option: they can take advantage of Internal Revenue Code Section 1031 to exchange out of one investment or business property for a “like-kind” property or equal or greater value. Usually, no gain or loss is recognized when you do a 1031 exchange. The…
Read MoreWhen the Supreme Court affirmed the legality of same-sex marriage in June, its ruling profoundly altered the financial planning landscape for gay and lesbian couples – resulting in some “night and day” differences. Yet in looking at the financial “before and after,” same-sex spouses and their advisors must also consider the “when and where” –…
Read MoreOn July 18, Detroit became the largest American city to file for Chapter 9 bankruptcy. What will happen to the pensions of its 20,000+ retired public employees? There is a possibility they could be reduced – perhaps greatly. In the wake of Detroit’s fiscal problems, current and future pension recipients across the country are wondering…
Read MoreIn a Yahoo feature titled “What Everyone Who Wants To Win the Lottery Should Know,” Katie Couric interviews Robert Pagliarini about how to manage the financial and psychological issues facing lottery winners. Here is a short preview: “Financial expert and President of Pacifica Wealth Advisors, Robert Pagliarini, works to help people that have come into…
Read MoreWhat kind of financial loss would your business face without its key employees? They are worth more than their salaries – their performance, professionalism and character make your company what it is, and provide the stability and predictability you need to realize a profit. Because of this reality, wise businesses owners take a look at…
Read MoreA couple of weeks ago I was flown to NY to be on the Katie Couric show. Katie invited me to be on her show to discuss the financial and psychological sudden wealth effects of winning the lottery. While there is no shortage of windfall to broke stories, with proper guidance and motivation, those who…
Read More