Commentary Topic: Investments

Retirement Plan Rollover Considerations

At retirement, you may need to choose how to take your benefits. There are several possibilities you might consider: Choose an annuity option offered through your employer retirement plan Roll over the funds to an IRA Take a lump sum distribution and pay tax on the distribution Leave the funds in your employer’s retirement plan […]

The Mystery of DFA

Dimensional Fund Advisors. DFA. It’s a fund company, like Vanguard or Fidelity. You’ve heard of those, but you may not have heard of DFA. Even when I explain it, clients usually forget and I find myself explaining again. At Stevens Wealth Management, we use a lot of DFA and Vanguard funds. Why? Low cost, passive […]

Managing Investment Risks

Investing is all about risk and reward–how much reward do you expect from any given level of risk? Perhaps the most important job of an investment manager is to manage those risks. This is not a perfect process and there are no perfect solutions to take risk out of the equation. Understanding the different kinds […]

Investment Policy

When you’re thinking about investing, a good place to start is by thinking about what you need your portfolio to do. Part of the disciplined investment process is to evaluate your progress. But before you can do that, you need to decide what is reasonable to expect given the parameters you choose for the portfolio. […]

Tax-Efficient Investing

Tax-efficient investing just got a lot more complicated. That’s because we now have three capital gains rates (0%, 15%, 20%), seven ordinary income tax brackets (10%, 15%, 25%, 28%, 33%, 35% and 39.6%), alternative minimum tax, and a net investment income (NII) tax. And for any of you who are self-employed, let’s not forget self-employment […]


How do you know that your deposits at the bank are safe? If you have deposits at an FDIC-insured bank or savings institution, your deposits are protected. The Federal Insurance Deposit Insurance Corporation (FDIC), an independent agency of the U.S. government, was established in 1933. Since then, no depositor has lost a cent of FDIC-insured […]