Entries by Christopher P. Parr

Wall Street Journal – Giving the Gift of Money

Financial Gifts Can Provide Lasting Value to Recipients—and Save You Cash   Christopher Parr was mentioned in this Wall Street Journal article by finance writer Liz Moyer on financial gift tax exemptions. “Erwin Freed says he and his wife, Carolyn, opened 529 college-savings plans for their three grandchildren four years ago with the help of their financial […]

River Hill Magazine: The Personal Financial Plan – An Indispensable Tool for Enhancing Long-term Financial Well-Being

The development of a personal financial plan for yourself or family provides the framework for a flexible, dynamic plan of action offering the following benefits: 1. Keeps the focus on immediate, intermediate, and long-term financial goals. 2. Potentially cuts income taxes, improves cash flow, and reduces the cost of debt service. 3. Establishes a suitable […]

River Hill Magazine: An Economic Blueprint for College Savings – To help you plan effectively and be well-prepared!

The beginning of a new school year is a good time to think about planning ahead for the costs of college for your children. Five key variables to consider in your analysis are time horizon, cost assumptions, available resources, account structure, and investment strategy. This article addresses the first three of these variables. Time Horizon […]

River Hill Magazine: Lessons From A Homeless Shelter – Timeless Tips for Financial Self-Sufficiency

This item is based on a personal experience that actually took place in 1993 as my financial advisory practice was just getting started.  The lessons have clearly stood the test of time and are still relevant: After attending a seminar sponsored by a local nonprofit, career networking organization entitled Reengineering Your Finances for a Smooth Career Transition”, […]

River Hill Magazine: Asset Class Correlation – A Useful Tool for Managing Investment Risk

With U.S. stock market indices at or near record highs and showing increasing signs of stress, it is an opportune time to reinforce the long-term benefits of permanently including some out-of-favor positions in your portfolio.   An investment strategy practicing broad diversification can pay-off with reduced downside volatility and lead to higher long-term returns.  A Dose […]

The Business Monthly: Lifecycle Target Date Funds – Not a Holy Grail Investment Plan

As the 40th anniversary reunion of famed comedy troupe Monty Python takes place in London this summer, it seems an appropriate time to mention a very different perceived Holy Grail of company retirement plan investing – namely “lifecycle” or  “target date” funds (TDF).  These hybrid investment products are being marketed to the masses by mutual […]

Wall Street Journal: The Credit Card Shuffle

Free is good…free travel, hotel, cash and gift cards thanks to credit-card companies and a little nifty footwork… Christopher Parr contributed to this Wall Street Journal article by personal finance writer Brett Arends explaining some useful tips for maximizing credit card offers and some traps to avoid credit card hidden cost.  Parr’s unofficial title is […]

BBC: “Planning Ahead for Adoption”

Christopher P. Parr comments on adoption planning for the BBC.   On the amount of money adoption with take: “To be safe, add 20% to what you are being told the adoption will cost,”  said Parr.  To read the full article — “Planning Ahead for Adoption: Keep Costs, Time in Check” by Kate Ashford — Click Here     […]

Press Release — Advisor Completes Challenging Decade Safeguarding Howard County MD Pension

Baltimore MD – Oct. 1, 2013 – Christopher P. Parr, of Columbia-based Parr Financial Solutions, Inc. completed his 2nd, voluntary five-year term as a member of the Howard County MD Pension Oversight Commission. Mr. Parr also served as chairperson of the Commission since 2007 and during the turbulent “Great Recession” of 2008 – our country’s […]