WrapManager's Wealth Management Blog
When life changes, we can help you thoughtfully respond.

Michael J. O'Connor

CWS®, Vice President Investments

Recent Posts

The True Cost of Homeownership

Posted by Michael J. O'Connor | CWS®, Vice President Investments

April 11, 2018

The act of buying a first home is often framed as a wonderful, life-changing experience. And to be sure, it almost always is. But it’s the process of buying the home that’s not always so picture-perfect, and in fact usually comes with an odd set of juxtaposed emotions: joy and frustration, surprise and shock, relief and anxiety, a feeling of stability but then also a feeling of uncertainty. In short, it’s somewhat of a wild ride for first-time homebuyers!

Much of the ‘negative’ side of the emotion equation stems from a common source: unexpected costs. Many first-time homebuyers simply aren’t aware of the extensive list of fees and costs associated with buying a home, which is why a recent survey by TD Bank found that nearly 50% of homebuyers incurred more than $2,000 in unexpected charges during the home buying process. 10% of those surveyed said they spent at least $5,000 more than expected.[1]

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financial planning

US Economy: The Current State of Affairs

March 14, 2018
When it comes to the current state of the US economy, it is difficult to find many problems. In fact, the data and trends appear to support ... [+] Read More

How Living Longer Should Impact Retirement Planning

March 7, 2018
If your financial advisor insisted on creating an investment plan that projected you and/or your spouse to live past 100, you might be ... [+] Read More

Why High Income Earners Can Still Benefit from a Budget

January 23, 2018
A high-income earner can benefit from a having a budget much like a professional athlete can benefit from having a personal trainer – even ... [+] Read More

When is the Right Time to Hire a Tactical Money Manager?

January 19, 2018
Let’s start with a more basic question: what is a tactical money manager? To answer that, an investor must first understand “tactical asset ... [+] Read More

Are You the Beneficiary of an IRA? You May Need to Take a Required Minimum Distribution

December 6, 2017
When most investors/retirees think of Required Minimum Distributions (RMDs), they think of turning 70 ½ and having to take mandatory ... [+] Read More

Tax Planning: Don’t Forget Your Required Minimum Distributions

November 15, 2017
Republicans on Capitol Hill are currently working to make major changes to the tax code, but one tax rule does not seem likely to change ... [+] Read More

Working and Claiming Social Security...At the Same Time

November 8, 2017
The traditional arch of a person’s financial life is generally to work, save, retire, collect Social Security and/or pension, and make ... [+] Read More

High Earners Still Need an Investment Plan

October 18, 2017
What does it take to be a top income earner in the United States? We found some data recently that breaks it down, telling us just how much ... [+] Read More

An Initial Look at Trump’s Tax Reform Framework

September 28, 2017
After campaigning hard for the importance of tax reform, President Trump and his advisors released an early stage tax code change framework ... [+] Read More