The answer to most financial questions is, "It depends." Very specific answers require very specific details. Nevertheless, there are some general questions that many of our clients ask to sort out their financial situation. We've included some of them to help you here: Inherited Money Q: I just inherited a large sum of money. What should I do now? A: The tendency for many people is to immediately improve their lifestyle, and this sometimes leads them to make impulsive decisions. Our role as your advisor is to help you make informed decisions. We will help you decide what you want to use your money for - now and later. Then we help you establish a time horizon based on what you'll need and when to reach your goals. These basic parameters, along with your risk tolerance, will help define the most appropriate investments.   Investment Alternatives Q: What types of investment alternatives are available and how will I know which is best for me? A: Today's investment environment is becoming increasingly complex, with more options to choose from all the time. Some of your options are: Using a stock broker vs. a fee-only investment advisor Separately managed accounts Mutual funds Load vs. no-load funds We'll explain the pros and cons of each of these vehicles so you can make an informed decision on what is best for you and your money.   Managing Low Basis Securities Q: What strategies are available for managing low basis securities? A: Proper management of low basis securities is vital to preserving your assets. There are a variety of strategies for this purpose. They include: Charitable Strategies Sell Covered Calls Borrow Against Stocks Sell Shares Outright Buy Protective Puts These alternatives offer varying degrees of price protection, cash flow, diversification and deferral of capital gains. We will establish the strategies that work best to preserve your assets and further your financial goals.   Tax Efficient Savings Q: How can I invest in a tax-efficient manner? A: Tax efficient investing can mean considerable tax savings, which results in a higher net return for you. Because your account with Baron Financial Services is separately managed, we can take full advantage of tax lot accounting, harvesting tax losses and managing tradeoffs for superior after-tax returns. For more in depth answers to these or other questions, please contact our office at 770-422-8830.