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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 […]
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 […]
Financial tips for college students.
Christopher P. Parr comments on leveraged investing in Financial Planning Magazine : “My advice to clients over my 20-plus years has always been to never buy on margin,” says Chris Parr, who heads Parr Financial Solutions, a wealth management firm in Columbia, Md. “You should not invest what you don’t have.” Several planners agreed that margin loans […]
Christopher P. Parr, when interviewed by Baltimore Sun columnist Eileen Ambrose on whether Wall Street ignoring political drama in Washington is the new norm, said “Wall Street has gotten ahead of the game.” “Sure, there are positive signs, Parr said, but the economy’s annual growth rate will be cut by at least half a percentage […]
Christopher P. Parr was interviewed by Veronica Dagher, columnist for Wealth Management at WSJ.com, about the financial impact of adoption that prospective parents don’t realize until they start paying. “Unexpected costs often crop up,” said Christopher Parr. He recommended that “clients budget for costs to be at least 20% higher than they originally estimated.” “Those […]
In this article, Christopher Parr provides five steps to prepare for major or potential income and investment tax changes for the 2013 tax year. He first explains the several earned income-related changes and the investment income-related changes that require monitoring and planning as the status becomes clearer. Earned income-related changes include employee social security, Medicare […]
Christopher P. Parr’s article on the potential interest rate traps of seeking higher interest rates, was written in response to the low interest rate environment. He explains the concept of financial repression and how it punishes savers and forces consumers to take more risk in an attempt to earn inflation-beating returns. The article was inspired […]
Christopher P. Parr was interviewed by Senior Editor Wayne Rasmussen for the Wealth Management & Estate Planning section of the May, 2012 issue of “Financial Advisor Magazine” about the perils of flawed language in trust documents. The key takeaways from the interview are: 1. All estate documents should be reviewed and updated when your life […]
A Revocable Living Trust (RLT) is one of the most misunderstood tools in estate planning. The RLT is sometimes over-hyped by aggressive estate planning seminar marketeers targeting senior citizens. It is important to emphasize that not all seminars on estate planning and revocable living trusts are hype. The best estate planning attorneys objectively explain when such […]