Insights: News

New York Times – Stock Market Turmoil Took Toll on 529 College Accounts

    Christopher Parr was quoted in an article on 529 College Savings Accounts by Ann Carrns in The New York Times Money Advisor section.  The piece examined the toll the virus-induced stock market turmoil has taken on 529 college savings plans heavily weighted in stocks. Christopher Parr, a financial planner in Columbia, Md., suggests […]

Parr Financial Solutions Inc. Named A Top Financial Advisor in Baltimore for 2nd Consecutive Year by

PRWeb Release – Columbia MD March 1, 2018 Parr Financial Solutions Inc., an independent, fee-only,wealth management firm serving clients nationwide, was named a Top Financial Advisor in Baltimore for the 2nd year running. Christopher P. Parr CFP®, PFSI President/CEO and owner of an independent financial advisory firm for over 25 years, said: “it is gratifying to receive […]

Business Monthly: Ten Common Investment Mistakes to Avoid

Taking Excessive Risk Many investors gravitate toward investments offering the highest potential returns while ignoring the associated risks.  If your investment loses 50% of its value during a bear market, it will take a gain of 100% just to return to break-even status.  The goal of a well-diversified, balanced portfolio is to reduce market risk […]

Financial Planning: the right target-date funds strategy for clients

Christopher Parr was quoted extensively in this article by Donald J. Korn on target-date funds strategy (or TDFs) in the September, 2016 issue of Financial Planning Magazine. Parr discusses two approaches advisers can take when using TDFs in client portfolios. “Some funds have a glide path to the date of retirement, gradually reducing exposure to stocks […]

Vantage House Men’s Breakfast, JUL 28, 2016 | Macroeconomic Food for Thought

Chris Parr was invited to speak to an engaged and inquisitive group at Columbia’s Vantage House on the impact of Brexit and the global outlook for interest rates and the stock market.  One of the key points he made was that stock market values in the U.S. are inflated relative to economic value and that […]

Business Monthly: Stock Market Turbulence & 5 Steps to Weather the Storm

The increased stock market turbulence experienced to date this year has been driven by a global economic slowdown.  This volatility has lead to increased fears of a recession in the U.S.  At this point, the U.S. economy does not appear likely to be on a path toward a recession in 2016. Contrary to the stock […]

The Business Monthly – A Bond Market Bubble in the Making?

Bonds can be used to diversify portfolios, reduce risk in volatile stock market. But not when interest rates rise fast. Bond market bubble in the making?

Financial Planning Magazine – Social Security: When to Claim at 70

Christopher Parr was quoted in a second article on social security withdrawal planning by Donald Jay Korn in Financial Planning Magazine.  This one focuses on when to claim at 70; “Waiting until 70 generally is preferred, when feasible, because Social Security benefits currently increase by approximately 8% per year for every year deferred,” says Christopher Parr, […]

Financial Planning Magazine – Social Security: When to Claim at 62 

Christopher Parr was quoted in this Financial Planning Magazine article by Donald Jay Korn on social security withdrawal planning. Korn writes: Christopher Parr, CEO and President of Parr Financial Solutions, a fee-only wealth management firm in Columbia, Md., asserts that starting at 62 can be a good choice when cash flow is deficient and supplementary […]

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 […]