Additional Print Media
- Worth April/May 2011
“Does the 2010 tax relief act provide any estate planning opportunities that I should be aware of for 2011 and beyond?”. Gifting ideas, generation skipping transfers and the portability provisions are discussed by Carlo Panaccione, co-founder of Navigation group in this Worth article. - Kiplinger’s Personal Finance, March 2011
Managing Your Parents’ Money: Cameron Huddleston of Kiplinger’s Personal Finance quotes Carlo Panaccione, co-founder of the Navigation Group, in an article focusing on elderly parents and their finances. “If you start seeing obvious signs that your parents are having difficulty making decisions, you need to get the whole family involved so one person isn’t the bad guy,” says Panaccione. Making timely decisions regarding power of attorney or the takeover of finances will protect your parents while securing their financial future. “If you find that your parents have been the victims of a scam or entered into a questionable financial relationship, consider putting them on a cash allowance,” advises Panaccione. - Worth February/March 2011
Facing a career change can be one of life’s most stressful challenges. Carlo Panaccione of Navigation Group focuses on “What key topics do exiting executives, directors, officers or general partners need to consider before leaving?” . “ You need a comprehensive picture of your situation before making decisions that could affect you and your family for years.” – Carlo A. Panaccione - Research Magazine, February 2011
Creating an Experience: Ellen Uzelac of Research Magazine features Carlo Panaccione, co-founder of the Navigation Group, in an article highlighting the firm as a premier financial advisory firm in Redwood City, California. Panaccione, who has been offering financial guidance since 1986, has been awarded national acclaim on multiple top advisor lists. Uzelac illustrates Panaccione as a business executive who stresses first-rate service over all else. “It’s the waiter in me. A good waiter is always there when you need them, but they’re not hovering. They’re not obvious. One of my jobs is not to be noticed.” - Bankrate.com, Jan. 31, 2011
When to tap retirement Income: Marcie Geffner of Bankrate.com features Carlo Panaccione, co-founder of the Navigation Group, in an article about using your retirement income effectively. Getting the most out of your retirement accounts can be a difficult process however it is not impossible. “If you have everything in an IRA and you’re in a low tax bracket, you should shift (some) over because if you get into an emergency and need a lump sum, you don’t want to spike yourself into a higher tax bracket," explains Panaccione.
This article also appears on Yahoo! Finance, Jan. 31, 2011
- CNBC.com, Jan 19, 2011
Abby Shultz of CNBC.com quotes Carlo Panaccione, co-founder of the Navigation Group, in a piece about restructuring your portfolio for the upcoming year. With significant variation in the stock and bond market in 2010, many investment portfolios are not in tune with investors’ needs or risks levels. “You don’t want to have any individual position that’s much over 5 percent of your portfolio,” explains Panaccione. Riskier investors can find potential in stock growth by investing in sectors of the market. “You don’t want to bet the house on it, but it doesn’t mean you couldn’t take a 3 percent to 5 percent position in something you believe in,” informs Panaccione. When reading this article please keep in mind: Municipal bonds are subject to availability and change in price. They are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise. Interest income may be subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply. An increase in interest rates may cause the price of bonds and bond mutual funds to decline. Investing in mutual funds involves risk, including possible loss of principal. Stock investing involves risk including loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Asset allocation does not ensure a profit or protect against a loss. - Bankrate.com, Jan. 11. 2011
Sheyna Steiner of Bankrate.com features Carlo Panaccione, co-founder of the Navigation Group, in an article discussing how to recover from bad financial decisions. Panaccione explains, "One of the biggest mistakes is when you start looking at your long-term investments as short term." However, investors also need to learn when to drop an investment that will never return to its past numbers.
This article also appears in Yahoo! Finance and Fox Business
- Worth December/January 2011
“What role should nonworking assets play in a plan for my family?” Understanding the difference between assets that generate income and those that are non-working, or what are also called personal-use assets, is a crucial aspect of planning. Although many have a high net worth your income-producing assets may not be enough to support your personal-use assets.” - The Wall Street Journal, Dec. 13, 2010
Veronica Dagher of Dow Jones Newswires features insight from Carlo Panaccione, co-founder of the Navigation Group, in a piece about talking clients out of making poor financial choices. Panaccione discusses a client who wanted to invest in a California real estate deal that offered a 12% "guaranteed" yield. "It sounded too good to be true," he says. After Panaccione told the client that real estate does not consistently return 12%, he opted out of the deal. "The program went belly up and the owner is most likely going to jail for fraud," he adds. When reading this article please keep in mind that investing in Real Estate Investment Trusts (REITs) involves special risks such as potential illiquidity and may not be suitable for all investors. There is no assurance that the investment objectives of this program will be attained. - InvestmentNews, Dec. 5, 2010
Liz Skinner of InvestmentNews quotes Carlo Panaccione, co-founder of the Navigation Group, in an article about what makes San Francisco a desirable place for people and financial advisors alike. “The region also is attractive for advisers because there are many educated people in San Francisco and they have to have a certain amount of assets just to live in the city,” explains Panaccione. - Kiplinger.com, Nov. 30, 2010
Cameron Huddleston of Kiplinger.com quotes Carlo Panaccione, co-founder of the Navigation Group, in a piece about helping aging parents with their finances. Panaccione offers tips on gathering the information you need help parents with their money. “Offer to help them develop a spending plan (don’t call it a budget),” explains Panaccione. Using this strategy will allow you to understand their spending habits and help them adjust accordingly. - Financial Advisor, December 2010 Issue
Caren Chesler of Financial Advisor features commentary from Carlo Panaccione, co-founder of the Navigation Group, on helping clients -who have signs of dementia- manage their finances. Panaccione details how one of his clients with the beginning stages of dementia was scammed. “It started with e-mails, and then phone calls, and once they had a relationship established, they started calling her all the time and became her buddy,” he explains. “She thought it would all work out in the end, and she’d get her share of the $8 million.” - Worth October/November 2010
“How do I determine if my liquidity level is appropriate?” Carlo Panaccione of Navigation Group shares his incite on how to “sleep at night”. It is human nature for most of us to feel loss with greater magnitude than we feel gain.” It is important to understand your liquidity needs and your return needs when funding your portfolio “buckets”. - Kiplinger.com, Sept. 13, 2010
Stacy Rapacon of Kiplinger.com cites the advice of Carlo Panaccione, co-founder of the Navigation Group, on ways to find financial success before age 30. On the discussion of repaying debt, “the most important thing is to plan and not just assume it will go away,” says Panaccione. He suggests setting up a schedule in order to figure out what you would need to pay on a monthly basis to clear your target debt. - Bay Area Parent, September 2010 Issue
Kristin Bender of Bay Area Parent features insight from Carlo Panaccione, co-founder of the Navigation Group, on saving for college. Panaccione details his college savings plan for his children. “I’ve been saving before we even had kids because of what I do for a living,” he explains. - Worth August/September 2010
Carlo Panaccione shares his experience and recommendations when answering the questions: “What should I do after the loss of a spouse who handled our finances?” “ Steps need to be taken to ensure not only your own well-being, but also that of your children, grandchildren and estate.” - Carlo Panaccione. - Kiplinger’s Personal Finance, July 2010 Issue
Laura Cohn of Kiplinger’s Personal Finance quotes Carlo Panaccione, co-founder of the Navigation Group, in a piece about how a couple- who have paid off their mortgage- should use their extra savings. Panaccione explains that the couple made a good choice by paying off their mortgage and then committing to save any extra funds, rather than spend the money. People always say: "If I have money left at the end of the year, I’ll save it,’" he says. "It never happens." - Medical Economics, June 18, 2010
Carlo Panaccione, co-founder of the Navigation Group, offers his insight on how the sale of a practice can fund a physician’s retirement. Panaccione explains that the sooner one begins the process of identifying a buyer and planning for the eventual sale, the better. Having an objective and realistic plan of action for the sale of a practice increases a physician’s likelihood of having a comfortable retirement. - Kiplinger’s Personal Finance, June 17, 2010
Cameron Huddleston of Kiplinger’s Personal Finance quotes Carlo Panaccione, co-founder of the Navigation Group, on how people can protect their parents from financial scams. If parents are being taken advantage of financially, Panaccione suggests giving parents a cash allowance.“A lot of people will avoid it because they are afraid of conflict with their parents,” he says. “What’s the alternative? Let them go until they have nothing left?” - Bankrate.com, June 11, 2010
Judy Martel of Bankrate.com quotes Carlo Panaccione, co-founder of the Navigation Group, in a piece about how to handle losing a fortune. Panaccione asserts that he noticed two types of behaviors when the stock market took a hit last year- "One extreme is that they were too scared to get in, but we’ve seen throughout history that the market is cyclical. The second extreme reaction was those who said they would keep spending, because ’it would come back,’" he says. - Worth April/May 2010
“What are the pitfalls to avoid when I receive a windfall?” Because most windfalls result not from lotteries but from the passing of a close relative or a single stock issuance, emotion can plan a big part in how you react to your sudden good fortune. Reactions range from individuals who spend their newfound wealth on literally anything their heart desires to those who change nothing – not the structure of their lives nor the structure of whatever delivered the windfall in the first place. - Worth February/ March 2010
“What are some of the main hurdles for the successful transition of wealth?”. Common hurdles often involve emotion and communication, but for this Carlo Panaccione, of Navigation Group focuses on a few obstacles that are more fundamental than family dynamics. “By clearly understanding what is needed to maintain financial independence you can confidently distribute excess capital and make effective wealth-transition plans.” - Investor’s Business Daily, May 7, 2010
Paul Katzeff of Investor’s Business Daily features Carlo Panaccione, co-founder of the Navigation Group, in the article offering financial advices to couples. Panaccione contributes advice on finances for new couples and states that money is the top cause for failed marriages. Panaccione says, “Laying things out financially beforehand can help couples avoid the ugly surprises and disagreements that lead to arguments." - Worth, June/July 2010
Carlo Panaccione, co-founder of the Navigation Group, contributes a piece to Worth that details how investors can understand their tolerance for risk. Panaccione explains determining one’s risk can be done by looking at temperament, stage of life, net worth and experience. He also offers that investors should reflect on their emotions in regards to the market and decide if the action they want to take is rational for the moment. - The Wall Street Journal, Mar. 28, 2010
Anna Prior of The Wall Street Journal quotes Carlo Panaccione, co-founder of the Navigation Group, in a piece discussing how to clear clutter in one’s financial life. Panaccione explains that it is crucial to keep certain documents for the Internal Revenue Service audits, but it is also important to organize files once a year and free up as much space as possible. "The IRS can go back three years to initiate a basic audit, six years to pursue unreported income and forever for fraud,” says Panaccione. - SmartMoney.com, Feb. 12, 2010
Diana Ransom of SmartMoney.com quotes Carlo Panaccione, co-founder of the Navigation Group, on his advice for building retirement savings. Panaccione explains that all individuals planning for retirement need to figure out their current budget in order to determine their cost of living. “From that initial budget you’ll be able to extrapolate what your expenses will be going forward,” says Panaccione. - The San Mateo Daily Journal, Jan. 2, 2010
Heather Murtagh of The San Mateo Daily Journal quotes Carlo Panaccione, co-founder of the Navigation Group, in an article on maintaining New Year’s resolutions. Panaccione asserts that saving money and paying down debt in 2010 can be done with simple and straightforward actions. - Worth, December/January 2010
Carlo Panaccione, co-founder of the Navigation Group, offers his expertise on ‘knowing your course’ when managing finances for an article in Worth. Panaccione lends his advice on how investors can maintain a rational mind during times of economic duress, mitigate risk and stay on course with financial goals. - Fidelity.com, Nov. 23, 2009
Sheryl Nance-Nash of Fidelity.com quotes Carlo Panaccione, co-founder of the Navigation Group, in an article about preparing for unemployment. Panaccione suggests creating a laddered budget to earn extra return in exchange for being less liquid. “Plan for the worst, but don’t assume the world is coming to an end,” he says. - Forbes.com, Nov. 19, 2009
Alexandra Zendrian of Forbes.com features insight from Carlo Panaccione, co-founder of the Navigation Group, on recent unemployment numbers. Panaccione says that he doesn’t anticipate the employment situation getting better until at least the beginning of 2010. He believes firms may wait until next year to hire in order to help their bottom line through the end of 2009. When reading this article please keep in mind that the opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. An investment in Exchange Traded Funds (ETF), structured as a mutual fund or unit investment trust, involves the risk of losing money and should be considered as part of an overall program, not a complete investment program. An investment in ETFs involves additional risks such as not diversified, price volatility, competitive industry pressure, international political and economic developments, possible trading halts, and index tracking errors. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information. You can obtain a prospectus from your financial representative. Read carefully before investing. - Yahoo! Finance, Oct. 27, 2009
Yahoo! Finance features an article on the different types of financial styles that investors have by Jonnelle Marte of The Wall Street Journal. In this piece, Carlo Panaccione, co-founder of the Navigation Group, points out that the ‘emotional investor’ is reactionary. “They might look at it as ‘Gee, my kid’s education is really coming up soon, I have to focus on that’ and kind of put their retirement on the back burner,” says Panaccione. He suggests emotional investors differentiate between short-term goals and long-term goals and then set up savings or investing accounts for each goal. - The Wall Street Journal, Oct. 25, 2009
Jonnelle Marte of The Wall Street Journal quotes Carlo Panaccione, co-founder of the Navigation Group, on the characteristics of the ‘emotional investor.’ Panaccione points out that the ‘emotional investor’ is reactionary. “They might look at it as ‘Gee, my kid’s education is really coming up soon, I have to focus on that’ and kind of put their retirement on the back burner,” says Panaccione. He suggests emotional investors differentiate between short-term goals and long-term goals and then set up savings or investing accounts for each goal. - Boston Globe, Oct. 20, 2009
Eileen Connelly of the Associated Press quotes Carlo Panaccione, co-founder of the Navigation Group, on the ins and outs of joint bank accounts for couples in an article that runs in the Boston Globe. Panaccione says that couples will identify their most problematic financial areas within the first year of living together. He suggests couples avoid arguments by setting aside pots of money for each person to spend without discussion. - Worth, October/November 2009
Worth features an article on the impact estate plans can have on family members by Carlo Panaccione, co-founder of the Navigation Group. Panaccione explains the importance of safeguarding your family’s legacy and provides advice on how to inform heirs on the keys aspects of your estate plan. One strategy he offers is having a professional trustee to help dissolve any conflict between heirs. - The New York Times, October 14, 2009
The New York Times runs an Associated Press article that features insight on couples combining finances from Carlo Panaccione, Co-Founder of the Navigation Group. Panaccione recommends that couples should make gradual decisions regarding their money if they are not certain what system of combining finances will work best for them. - Bankrate.com, September 18, 2009
Bankrate.com reporter Sheyna Steiner includes insight from Navigation Group Co-Founder Carlo Panaccione in an article about the importance of emergency funds. "Often when times get better, people lower their emergency levels as their fear goes away, and when times are bad they raise them. But it should be the opposite," explains Panaccione. When reading this article please keep in mind that an increase in interest rates may cause the price of bonds and bond mutual funds to decline. Investing in mutual funds involves risk, including possible loss of principal. CD’s are FDIC Insured and offer a fixed rate of return if held to maturity. - InvestmentNews, September 14, 2009
Sue Asci of InvestmentNews features Navigation Group Co-Founder Carlo Panaccione in an article investigating how investors have changed one year after Lehman’s collapse. “A lot of clients are rethinking their tactical approach,” says Panaccione. “They are not only reassessing equities, but are reevaluating bond risk as well…We learned last year that risk can come in all forms.” - Registered Rep., May 1, 2007
Registered Rep. features Navigation Group Co-Founder Carlo Panaccione on being a ‘pro with heart.’ Panaccione offers his expertise on family wealth preservation and estate planning. “We want heirs to turn out more like Caroline Kennedy than Paris Hilton,” says Panaccione. - Research, May 2006
R. Gina Renee of Research quotes Carlo Panaccione, Co-Founder of the Navigation Group, on the importance of a sincere, trustworthy relationship between financial advisers and their clients. “I’ve given lots of talks to advisors and one thing I tell them is, ‘If you fake it, they will find out,’” says Panaccione. - BusinessWeek, December 5, 2005
Roben Farzad of BusinessWeek features Carlo Panaccione, Co-Founder of the Navigation Group, in a cover story on ‘froogle googlers’. Farzad discusses Panaccione’s creative family-oriented approach in winning over the ‘googlers.’ - American Medical News, July 11, 2005
Carlo Panaccione, Co-Founder of the Navigation Group, offers his insight on reverse mortgages in an American Medical News article. - FA Magazine, July 2005
Raymond Fazzi of Financial Advisor features Carlo Panaccione, Co-Founder of the Navigation Group, in an article defining the term wealth management. “Back then it meant just doing asset management and using institutional style managers, and doing some pretty comprehensive estate planning techniques,” he says. “I think now being a wealth manager is kind of being a comprehensive one-stop resource for your clients,” he adds. “Even if you don’t do something, you need to be aware of it and help them do it.” - Registered Rep., July 1, 2005
Anne Field of Registered Rep. features Carlo Panaccione, Co-Founder of the Navigation Group, in an articles highlighting how advisers are showing appreciation to their clients. Panaccione, a gourmet chef, throws dinner parties for his clients, creating an outlet that allows them to get to know each other personally. - Investment News, March 25, 2005
Brooke Southall of InvestmentNews quotes Carlo Panaccione, Co-Founder of the Navigation Group, on ‘jumping on the energy train’. Panaccione offers his expertise on the advantage of owning energy stocks as a defensive strategy. “We definitely have a hefty position compared to prior years. You want to enjoy the ride,” says Panaccione. - Variable Product Specialist, 2003
Variable Product Specialist features Carlo Panaccione, president of the Navigation Group, on the publication’s cover to recognize his wealth planning and management services practice as an award-winning practice. - InvestmentNews, January 29, 2001
Brooke Southall of InvestmentNews quotes Carlo Panaccione, co-founder of the Navigation Group, in an article about advising relatives on their finances. “I’m from a big Italian family. Indian, Asian and Italian families say: ‘Hey, keep the money in the family,’” Panaccione says. - InvestmentNews, July 2002
Brooke Southall of InvestmentNews quotes Navigation Group Co-Founder Carlo Panaccione on the current ‘crisis of confidence’ on Wall Street. Panaccione offers he is concerned about the heightened levels of malaise among financial advisers. “It’s not pain anymore. It’s exhaustion,” says Panaccione. - Research Magazine, 2000
Research features Carlo Panaccione, Co-Founder of the Navigation Group, in the article “Independent Brokers in a Wired World.”
