BALTIMORE - WASHINGTON FINANCIAL ADVISORS JANUARY 2021 - Baltimore Washington Financial Advisors
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BALTIMORE - WASHINGTON FINANCIAL ADVISORS • JANUARY 2021
January 2021
2 President’s Address
ROBERT G. CARPENTER
President & CEO
4 Investment Management
TOWNSEND HORNOR, JR.
Managing Director, Wealth Management & Executive Manager
6 Financial Planning
Wealth Management Advice THAD ISMART | CFP®
Senior Financial Planner
from an Award Winning Firm Do you know someone
8 Financial Planning
who could use guidance CHRIS KELLY | CPA, CFP®, M. ACCY
with their investments? Financial Advisor, Portfolio Manager & Executive Manager
Maybe you know someone who
11 Eve Kennedy’s Book Nook
is retired or nearing retirement and EVE KENNEDY
Senior Client Associate
could benefit from our services?
We ask you, our existing clients, 12 Bon Appétit!
to recommend our services to BWFA Family Favorites
friends or family members that
could benefit from our support. 16 Tax Services
Today’s investment landscape is more complex than it has ever been. Meet Your BWFA Tax Team
Increasingly, it takes a team of dedicated experts to effectively manage By helping us grow our “family of
your money, and more and more people are realizing the value of working clients,” we get to share our passion
with a fee-only investment advisor such as Baltimore-Washington with more people just like you. 18 Tax Services
Financial Advisors, Inc. LAWRENCE M. POST | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor
PLEASE CONTACT MEGHAN
BWFA was founded in 1986 and is headquartered in Columbia, Maryland.
AT MMANAS@BWFA.COM
It is among the largest and oldest independent, Fee-Only financial advisory 20 Tax Preparation Checklist 2020
firms in the Baltimore/Washington metropolitan area. We act as a fiduciary MATTHEW SMILER | ChFC®
and serve clients throughout the Mid-Atlantic area and nationally. This publication is not a solicitation to buy or sell any
Tax Advisor & Associate Financial Planner
securities or advisory products. Baltimore-Washington
Financial Advisors is an SEC-Investment Adviser.
BWFA is recognized as a top firm in the industry, with appearances Registration of an Investment Adviser does not
in various financial magazines including Worth, Forbes, and Fortune. imply any specific level of skill or training and does 22 Business Services
not constitute an endorsement of the Firm by the
BWFA professionals are quoted in the Wall Street Journal, Business Week, U.S. Securities & Exchange Commission. Investing
BRIAN MACMILLAN
Washington Post, Baltimore Sun, and InvestmentNews in addition to other involves risk, including the risk of principal loss. Managing Director Mergers & Acquisitions
Past performance is no guarantee of future returns.
publications. BWFA is honored to have earned numerous accolades over
the years including, the Financial Times FT 300 Award for seven years in 24 What’s Happening at BWFA
a row (2014-2020); Howard Magazine’s “Best of Howard” Award for six
years in a row (2015-2020); and the Forbes Leading Financial Advisor 26 Employee Spotlight
in the Mid-Atlantic region.
EVE KENNEDY
We invite you to experience the excellence that has built our reputation Senior Client Associate
as a leading Registered Investment Advisor in the industry. Contact us
today at BWFA.com to schedule your complimentary consultation. 28 Upcoming Events
1
President ’s Address
A SCIENTIFIC REASON TO
STOP AND SMELL THE ROSES
ROBERT G. CARPENTER
President & CEO
rcarpenter@bwfa.com
A study suggests people are happier when they
take time to appreciate the good things in life.
“Stop and smell the roses” Fagley’s survey of appreciation
may be a cliché, but research zeroed in on eight aspects of it,
suggests it’s sound advice for including awe—or feeling a sense
finding satisfaction in life. A study of connection to nature or life itself
in the Journal of Personality and —and living in the present moment.
Individual Differences suggests
that appreciating the meaningful The students in Fagley’s study
also took surveys to evaluate their
things and people in our lives may
play an even larger role in our overall levels of gratitude and overall life Though Fagley found that “The challenge in fostering appreciation,” she says, “is that we want to
appreciation and gratitude both
happiness than previously thought. satisfaction, and completed a
seem to be strongly connected to periodically reflect on the positive aspects of our lives, value our friends and
standard questionnaire measuring
In the study, Rutgers University what researchers call the Big 5 happiness, her results suggest that family, relish and savor the good times—without the practice of reflection
appreciation is twice as significant
psychology professor Nancy Fagley
had nearly 250 undergraduates take
personality traits—openness,
conscientiousness, extraversion, as gratitude in determining overall becoming a rote habit or something that is taken for granted.”
a survey measuring their levels of agreeableness, and neuroticism. satisfaction with life.
appreciation, which Fagley defines Students’ personality traits were
as “acknowledging the value and Fagley wanted to see whether
appreciation carries distinct benefits also important to predicting life
meaning of something—an event, satisfaction—in fact, they seemed However, being high in appreciation Fagley is still researching how best Over the past year, I have had more
a behavior, an object—and feeling on its own, regardless of one’s
to be more important than their age, was significantly related to high to practice appreciation on a day-to- time to reflect on and appreciate all
positive emotional connection to it.” personality or level of gratitude.
gender or ethnicity. Some aspects of life satisfaction regardless of one’s day-basis, she says. But for starters, the special people in my life — the
personality—like being less neurotic personality. she suggests that people focus on incredible BWFA team I work with,
This is distinct from gratitude, Fagley
and more outgoing—were linked to and value what they have, spend time the wonderful clients we serve, and
says, which is a positive emotion Past research has considered
greater life satisfaction, Fagley says. outdoors, and reflect on their blessings my cherished friends and family. I am
directed toward a benefactor in appreciation to be a byproduct of and relationships with others. truly blessed and I certainly recognize
response to receiving a gift of some gratitude and one’s personality. This this!! I also recognize life would be
sort, and is just one of several study shows that appreciation plays “The challenge in fostering a whole lot better if this pandemic
aspects of appreciation, according to a significant role in one’s quality of appreciation,” she says, “is that we would end, but perhaps this pandemic
Fagley. Indeed, in his book Thanks!, life, independent of one’s personality want to periodically reflect on the has managed to shine a light on and
Robert Emmons, perhaps the or gratitude level—a role even more positive aspects of our lives, value provide clarity as to what truly matters.
leading scientific expert on gratitude, Though Fagley found that appreciation and significant than previously thought. our friends and family, relish and savor
writes that gratitude isn’t just about Happy holidays to you! Stay well
acknowledging the goodness in one’s gratitude both seem to be strongly connected to the good times—without the practice
of reflection becoming a rote habit or and here’s to a new year filled with
life but also “recognizing that the
source(s) of this goodness lie at least
happiness, her results suggest that appreciation something that is taken for granted.” all those blessings that really count!
partially outside the self.” is twice as significant as gratitude in determining
overall satisfaction with life. SOURCE: © 2020 greatergood.berkeley.edu
A Scientific Reason to Stop and Smell the Roses by Stacey Kennelly, July 3, 2012
2 3
Investment Management ALL NEW
WEBINAR!
DO YOU HAVE TOO MUCH CASH,
EARNING TOO LITTLE?
POINT PORTFOLIO
ASSESSMENT
TOWNSEND HORNOR, JR.
Managing Director, Wealth Management & Executive Manager
shornor@bwfa.com
Determining the right Currently, cash accounts are earning Given the immense interest in this
very little, some cash accounts earn topic, you will see this webinar WHY IS A COMPREHENSIVE PORTFOLIO ASSESSMENT SO IMPORTANT?
amount of cash to nothing at all. On November 24th, appear on our 2021 webinar schedule
hold is a much more 2020, I hosted BWFA’s debut of our
webinar, “Do You Have Too Much
regularly. I encourage you to attend
and feel free to bring a friend or
complicated decision Cash, Earning Too Little?” It was family member. If you are interested
one of the largest webinar audiences in knowing if your cash holdings are
than most people think. of the year, with well over 125 appropriate, come to our webinar.
attendees. The audience had an BWFA evaluates 23 1 What is your investment performance?
Do not want to wait for the webinar?
You want to have enough cash abundance of great questions and
Contact us today about preparing
factors that impact 2 What is your Risk Tolerance?
on hand for monthly expenses, strong desire for more information.
for unexpected large expenditures, Accordingly, BWFA offered all a personal financial assessment your investment portfolio 3 What are your true expenses within your portfolio?
for your portfolio, including your 4 What is your exposure to international investing?
and for an emergency fund in case attendees a complimentary financial
cash holdings. in our Comprehensive
of job loss or similar event. However, assessment to inform them if they 5 What is your ESG exposure?
too much cash can negatively had too much cash, or not enough. Financial Assessment
6 How much income do you receive from dividends in your portfolio?
impact your overall success.
conducted by a
7 Is your portfolio tax efficient?
Certified Financial
Upcoming
Do you have too much cash?
8 What new innovative services and products are available?
Planner and a Senior 9 Is your portfolio being actively managed?
Webinars Portfolio Manager. 10 What is the frequency of rebalancing inside your portfolio?
11 Are your investments in sync with your financial plan?
Do You Have How will your portfolio score?
12 Is your portfolio taking advantage of the new digital economy?
Too Much Cash? Sign up for this important webinar
TUE., JANUARY 5, 2021 to learn how to optimize your 13 How often do you review your account?
THUR., MARCH 4, 2021 current investment portfolio. 14 Are you overly exposed to interest rate risk?
11:45 AM – 1:00 PM This webinar is designed for
15 How many financial institutions do you have accounts with?
investors who do not currently
work with BWFA. By understanding 16 What type of investments do you own?
Comprehensive the tools and techniques that we
17 Do you understand what investments your accounts own?
Portfolio Assessment utilize, we believe you can enhance
THUR., JANUARY 14, 2021 your overall performance, reduce 18 Are you able to liquidate your investments for a fair price?
TUE., MARCH 2, 2021 risk, and provide yourself with a 19 Are you concentrated in certain stocks?
11:45 AM – 1:00 PM better investment strategy to secure
your financial future. We welcome 20 Do you have an appropriate amount of cash?
the opportunity to explore how 21 Are you accurately tracking your investment performance?
BWFA may be able to help you.
TO REGISTER, EMAIL 22 Are you invested in appropriate asset classes?
CORTNEY CARONNA AT
23 Is your investment portfolio in sync with your goals?
CCARONNA@BWFA.COM
4 5
Financial Planning
DONOR-ADVISED FUNDS
THAD ISMART | CFP®
Senior Financial Planner
tismart@bwfa.com
What is a donor- During life, a donor (or a donor’s
designee) can make ongoing, non-
or corporation). While donors to a
DAF may only offer advice regarding
Furthermore, private foundations
are required to distribute a minimum
Non-endowed funds permit a donor
to make ongoing recommendations
Any amount that cannot be deducted
in the current year can be carried
advised fund (DAF)? binding recommendations to the distributions, private foundations of 5 percent of their assets each for distributions up to the entire fund over and deducted for up to five
A donor-advised fund DAF as to how, when, and where
grants from the fund should be made.
offer the donor exclusive control
and direction over distributions and
year. DAFs have no such minimum
distribution requirement (though
balance (principal and income). Such
funds remain non-endowed, unless
succeeding years.
(DAF) offers an easy Additionally, the donor can offer investments, an attractive feature to some DAFs follow the 5 percent rule the donor specifies otherwise, until Moreover, there are no federal gift
advice to the DAF regarding how some philanthropists. voluntarily), and DAF donors may be such time as the donor or the donor’s tax consequences because of the
way for a donor to contributions should be invested. allowed to let their accounts build designees are no longer providing charitable gift tax deduction, and
make significant The donor may suggest that, upon However, various legal restrictions
imposed on private foundations are
up tax free for many years and be advice to the fund. federal estate tax liability is minimized
with every contribution since donated
death, grants be made to charities distributed only upon a specified
charitable gifts over named in his or her will or other legal not imposed on DAFs, and the federal date or upon the occurrence of a funds are removed from the donor’s
WHAT ARE THE TAX
a long period of time. instrument such as a revocable living income tax treatment of a donation to
a private foundation is less favorable
specified event.
ADVANTAGES OF A DAF?
taxable estate. Additionally, DAFs are
not subject to the excise taxes levied
trust. Alternatively, the donor may
designate a surviving family member(s) than that afforded to a DAF. Because Also, DAFs do not need to fulfill against private foundations.
A DAF is similar to a private founda- gifts to a DAF are considered gifts many of the reporting and filing A donor can generally take an
to recommend fund distributions.
tion but requires less money, time, to a “public charity,” they may allow requirements that are imposed on immediate income tax deduction for
However, the fund is not obligated to HOW TO ESTABLISH A DAF
legal assistance, and administration a greater income tax deduction private foundations. And because charitable contributions of money or
follow any of the donor’s suggestions
to establish and maintain. A DAF than gifts to a private foundation. the organization that offers the DAF property to — or for the use of — a
— hence the name “donor-advised
also enjoys greater tax advantages handles any legal, administrative, It is easy to set up a DAF account.
fund.” As a practical matter, though, DAF if the donor itemizes deductions
than a private foundation. and filing requirements (including The donor first signs a letter of
the DAF will generally follow a donor’s on his or her federal income tax
tax returns), the donor is completely understanding with the administering
Technically, a DAF is an agreement wishes. Grants to recipients are return. The amount of the deduction
freed from these responsibilities. In organization, establishes an account,
between a donor and a charity that typically identified as being made depends on several factors, including
gives the donor the right to advise from a specific donor’s account, but A DAF is similar to addition, since separate accounts the amount of the contribution, the
names the account, and recommends
an investment strategy. Then, the
within a DAF are administered as
the charity on how a portion of the they can be made anonymously at the
donor’s request.
a private foundation part of the larger organization, the
type of property donated, and the
donor’s adjusted gross income (AGI).
donor makes required minimum gifts
donor’s contributions to the charity
will be distributed to other charities. but requires less administrative costs borne by the Generally, deductions are limited to 50
of assets, which may include cash,
real estate, stocks, mutual funds,
donor are generally lower than those
Contributions may be tax deductible DAFS VS. PRIVATE money, time, legal incurred by a private foundation.
percent of the donor’s AGI. For 2018
to 2025, the limit is increased to 60%
closely held securities, and, in some
in the year they are paid to the DAF FOUNDATIONS instances, private and restricted
if they are structured so that they assistance, and for charitable contributions of cash to
securities, depending on the DAF.
ENDOWED DAFS VS.
are not considered earmarked for a
Both private foundations and DAFs administration NON-ENDOWED DAFS
public charities. If the donor makes a
gift of long-term capital gain property
The required minimum donations vary
particular distributee. Though they from organization to organization but
may bear the donor’s name, these
allow a person to take tax deductions to establish and (such as appreciated stock that has are usually less than those required
now and decide later to whom to give.
funds are not operated as separate
Both DAFs and private foundations maintain. A DAF also Endowed funds only distribute income, been held for longer than one year),
the deduction is limited to 30 percent
by private foundations. If you would
entities, but are mere bookkeeping not principal. These funds invest like to set up a DAF, or if you have
entries. They are components of
can be named to honor the donor.
enjoys greater tax a donor’s assets in perpetuity for of the donor’s AGI. The fair market questions about a DAF, let BWFA
the DAF. The DAF must own the
funds and have ultimate control
A DAF usually receives contributions advantages than a potential growth over time. Because value of the property on the date of
the donation is used to determine the
know and we would be more than
from many unrelated donors, while a they are permanent, endowed funds happy to help.
over distributions. private foundation is typically funded private foundation. provide a lasting memory of the amount of the charitable deduction.
by one source (an individual, family, donor’s philanthropic nature.
6 7
Financial Planning
If you have company stock options,
your employer may give you more
time to exercise them. Other benefits,
EVALUATING AN EARLY such as educational assistance, may
RETIREMENT OFFER also be available. Check with your
employer to find out exactly what its
offer includes.
CHRIS KELLY | CPA, CFP®, M. ACCY
Financial Advisor, Portfolio Manager & Executive Manager CAN YOU AFFORD
ckelly@bwfa.com TO RETIRE EARLY?
To decide if you should accept an
In today’s corporate WHAT’S THE
SEVERANCE PACKAGE?
early retirement offer, you can’t just
environment, cost look at the offer itself. You have to
consider your total financial picture.
cutting, restructuring, Most early retirement offers include a Can you afford to retire early? Even
severance package that is based on
and downsizing are your annual salary and years of service
if you can, will you still be able to
reach all of your retirement goals?
the norm, and many at the company. For example, your Or, your employer might boost your Make sure that the severance package will be These are tough questions that a
pension benefits by adding years to
employers are offering
employer might offer you a month’s
salary for each year of service. Make your age, length of service, or both. enough for you to make the transition to the next financial professional should help
you sort out, but you can take some
their employees early sure that the severance package These types of pension sweeteners phase of your life. Also, make sure that you basic steps yourself.
will be enough for you to make the are key features to look for in your
retirement packages. transition to the next phase of your life. employer’s offer — especially if a understand the payout options available to you. Identify your sources of retirement
Also, make sure that you understand reduced pension won’t give you income and the yearly amount
the payout options available to you. enough income. you can expect from each source.
But how do you know if the
You may be able to take a lump-sum Then, estimate your annual retire-
seemingly attractive offer you’ve
severance payment and then invest ment expenses (don’t forget taxes
received is a good one? By DOES THE OFFER INCLUDE Is the coverage adequate and This may not be a problem if you
the money to provide income, or use and inflation) and make sure your
evaluating it carefully to make HEALTH INSURANCE? affordable (some employers may cut already have enough life insurance
it to meet large expenses. Or, you may income will be more than enough
sure that the offer fits your needs. benefits or raise premiums for early elsewhere, or if you’re financially
be able to take deferred payments to meet them. You may find that
over several years to spread out your Does your employer’s early retirement retirees)? If your employer’s coverage secure and don’t need life insurance. you can accept your employer’s
income tax bill on the money. offer include medical coverage for doesn’t meet your health insurance Otherwise, weigh your needs against offer and probably still have the
you and your family? If not, look at needs, you may be able to fill the the cost of buying an individual policy. retirement lifestyle you want. But
your other health insurance options, gaps with other insurance. You may also be able to convert remember, these are only estimates.
HOW DOES ALL OF THIS such as COBRA, a private policy, some of your old employer coverage Build in a comfortable cushion in
AFFECT YOUR PENSION? dependent coverage through your to an individual policy, though your
WHAT OTHER BENEFITS case your expenses increase, your
spouse’s employer-sponsored plan, premium will be higher than when income drops, or you live longer
ARE AVAILABLE?
If your employer has a traditional or an individual health insurance you were employed. than expected.
pension plan, the retirement benefits policy through either a state-based
Some early retirement offers In addition, a good early retirement If you don’t think you can afford early
you receive from the plan are based or federal health insurance Exchange
include employer-sponsored life offer may include other perks. Your retirement, it may be better not to
on your age, years of service, and Marketplace. Because your health-
insurance. This can help you meet employer may provide you and other accept your employer’s offer. The
annual salary. You typically must care costs will probably increase as
your life insurance needs, and early retirees with financial planning longer you stay in the workforce, the
work a certain number of years to you age, an offer with no medical
the coverage probably won’t cost assistance. This can come in handy shorter your retirement will be and
receive the maximum benefits. coverage may not be worth taking if
you much (if anything). However, if you feel overwhelmed by all of the the less money you’ll need to fund it.
This means that you may receive these other options are unavailable
continued employer coverage is financial issues that early retirement
smaller benefits if you accept an or too expensive. Even if the offer
usually limited (e.g., one year’s brings. Your employer may also
offer to retire early. However, your does include medical coverage,
coverage equal to your annual offer job placement assistance to
employer may provide you with larger make sure that you understand (CONTINUE READING ON PAGE 10)
salary) or may not be offered at all. help you find other employment.
pension benefits until you can start and evaluate the coverage. Will
collecting Social Security at age 62. you be covered for life, or at least
until you’re eligible for Medicare?
8 9
(CONT’D FROM PAGE 9) Evaluating an Early Retirement Offer
Working longer may also allow you WHAT IF YOU CAN’T You can start by finding out if your
to build larger savings in your IRAs, AFFORD TO RETIRE? former employer would hire you as
retirement plans, and investments. FINDING A NEW JOB a consultant. Or, you may find that
However, if you really want to retire you would like to turn what was once
early, making some smart choices just a hobby into a second career.
You may find yourself having to
may help you overcome the obstacles. Then there is always the possibility
accept an early retirement offer,
Try to lower or eliminate some of your of finding full-time or part-time
even though you can’t afford to
retirement expenses. Consider a more employment with a new company.
retire. One way to make up for the
aggressive approach to investing.
difference between what you receive NOTE: Many early retirement offers
I have thoroughly enjoyed
Take a part-time job for extra income.
Finally, think about electing early
from your early retirement package contain non-competition agreements hosting the BWFA Book Club!
and your old paycheck is to find a or offer monetary inducements on
Social Security benefits at age 62,
new job, but that doesn’t mean the condition that you agree not
but remember that your monthly This is the start of our 4th year meeting as a
that you have to abandon your to work for a competitor. However,
benefit will be smaller if you do this. book club, and I look forward to the thoughtful
former line of work for a new career. you’ll generally be able to work for
discussions, learning experiences, and the time
a new employer and still receive
we will have together. Now more than ever, books
your pension and other retirement
have been such an important part of our lives.
plan benefits.
They have been helping us stay safe at home The Woman Who The Birth of Pleasure
while allowing us to set forth on adventures Smashed Codes by Carol Gilligan
WHAT WILL HAPPEN we would not have even dreamed of. by Jason Fagone
If you don’t think you can afford early retirement, IF YOU SAY NO? Lead from the Outside
We begin our year with a discussion of The What the Eyes Don’t See by Stacey Abrams
it may be better not to accept your employer’s Good Lord Bird, by James McBride scheduled by Mona Hanna-Attisha
If you refuse early retirement, you
offer. The longer you stay in the workforce, may continue to thrive with your
for February 18, 2021.
Cellist of Sarajevo
Mexican Gothic Silvia
by Moreno-Garcia
the shorter your retirement will be and the less employer. You could earn promotions I am fortunate to have a wonderful Independent by Steven Galloway
and salary raises that boost your Book Store, The Ivy, within walking distance from The Children of Ash and Elm
money you’ll need to fund it. pension. You could receive a second my house. If you have a local bookstore that you Killers of the Flower Moon by Neil Price
early retirement offer that’s better than would like to support, take a moment to find out by David Grann
the first one. But, you may not be so how they are still able to serve you safely during Corregidora by Gayl Jones
lucky. Consider whether your position this time. The #IndieBookstoreChallenge on Power of Now
by Eckhart Tolle Dune by Frank Herbert
could be eliminated down the road. social media is giving a voice to the stores that
have been struggling during this time. If there is Man’s Search for Meaning
If the consequences of saying no The Inland by Tea Obreht
not a book on our list below that interests you, by Viktor Frankl
are hard to predict, use your best
your local bookstore can be a great resource Where the Crawdads Sing
judgment and seek professional
for suggestions! by Delia Owens Dear Girls by Ali Wong
advice. But don’t take too long.
You may have only a short window As always, the BWFA Book Club welcomes ALL What Unites Us
Guernsey Literary and
of time, typically 60 to 90 days, to to join and we encourage your suggestions as by Dan Rather
Potato Peel Society
make your decision. well, email them to ekennedy@bwfa.com. by Mary Ann Shaffer
A Promised Land
I hope you will join us for one of our discussions The Little Paris Book Shop by Barack Obama
this year! Happy Reading! by Nina George
The Black Butterfly
The System by Lawrence T. Brown
by Robert Reich
My Own Words
Leave the World Behind by Ruth Bader Ginsburg
EVE KENNEDY
Senior Client Associate by Rumaan Alam
Between the World and Me
& BWFA Book Club
Caste by Isabel Wilkerson by Ta-Nehisi Coates
Discussion Host
A Song for a New Day The Queen’s Gambit
by Sarah Pinsker by Walter Tevis
10 11
Bon
Appétit! BWFA FAMILY FAVORITES
Gingerbread Cookies YIELD: About 2 dozen 5” tall cookies Crab and Artichoke Dip
INGREDIENTS DIRECTIONS INGREDIENTS
Whisk the following dry Gradually stir in the dry ingredients until well blended 1 cup mayo
ingredients together thoroughly: and smooth. Divide the dough in half. Wrap each half 1 cup sour cream
in plastic and let stand at room temperature for at least 1/2 tsp curry powder
3 cups of all-purpose flour
2 hours our up to 8 hours. (The dough can also be 1 tsp dill
1 1/2 tsp baking powder
stored for up to 4 days in the fridge. Return to room 2 (6 oz) cans crabmeat, drained and picked for shells
3/4 tsp baking soda
temperature before using.) 1 (14 oz) can artichoke bottoms, drained and chopped
1/4 tsp salt
1/4 cup freshly grated parmigiana-reggiano cheese
1 tbsp ground ginger Preheat the oven to 375°. Use parchment paper to line
1/3 cup sliced almonds
1 3/4 tsp ground cinnamon cookie sheets. Place 1 portion of the dough on a lightly
1/4 tsp ground cloves floured work surface and dust a rolling pin. Roll out the
dough and add more flour to the surface as necessary DIRECTIONS
Beat the following wet
to prevent sticking. Cut out cookies using a gingerbread
ingredients together on medium
person cutter (or any cutter you’d like). Transfer the 1. Heat oven to 350° and butter a small, shallow
speed until well blended:
cookies to a cookie sheet, spacing out about 1 1/2 inches casserole dish.
6 tbsp (3/4 stick) apart. Roll the dough scraps and continue cutting out
2. Combine mayo, sour cream, curry powder and dill,
unsalted butter, softened cookies until all the dough is used. Decorate with raisins
then add crab and artichokes.
3/4 cup packed or candy garnishes like red hots for eyes and buttons.
dark brown sugar Bake 7-10 minutes until the edges of the cookies are 3. Scrape into dish, smooth the top and sprinkle with
1 large egg just barely dark. Rotate the cookie sheet about halfway the cheese and nuts.
through baking for even browning. Remove the sheet 4. Bake for about 20 minutes, until hot and bubbly.
Add the following to the wet
to a rack and let stand until the cookies are slightly firm
ingredients and beat until well 5. Serve right away, with bread or crackers.
and then let them cool on a rack. Enjoy!
combined: (Ritz are the best for this!)
— SHARED BY
1/2 cup molasses NOTE: These cookies freeze very well
CHRISTINE CARPENTER — SHARED BY ERIC MANAS
2 tsp vanilla to be enjoyed at a later time.
(Adapted from original recipe
in The Joy of Cooking) 1 tsp finely grated lemon zest
12 13
Texas-sized Almond Cookies YIELD: About Longevity Soup YIELD:
3 1/2 dozen 7 Cups
INGREDIENTS DIRECTIONS INGREDIENTS
1 cup butter, softened 1. Preheat the oven to 350 degrees. 4. Shape cookies in 2 1/2 inch balls, 2 (15-ounce) cans small white beans,
1 cup granulated sugar roll in additional granulated sugar. rinsed and drained, divided
2. Beat the butter at medium
1 cup sifted powdered sugar Place 5 inches apart on parchment 4 cups reduced-sodium vegetable
speed with an electric mixer until
1 cup vegetable oil lined cookie sheets. Flatten cookies or chicken broth, divided
creamy; gradually add 1 cup of
2 large eggs in crisscross pattern with a fork 1 onion, finely chopped
granulated sugar and powdered
1 tsp almond extract dipped in granulated sugar. 3 cloves garlic, minced
sugar, beating well. Add oil, eggs
3 1/2 cups flour 2 stalks celery, chopped
& almond extract. Beat well. 5. Bake for 12-15 minutes. Cool slightly
1 cup whole wheat flour 3 medium carrots, chopped
on baking sheets; remove to wire
1 tsp baking soda 3. Combine flours, baking soda 1-2 cups broccoli florets, chopped
1 tsp salt & cream of tartar; add to butter
racks and let cool completely. World Famous Fried Goat 1-2 cups cauliflower florets, chopped
1 tsp cream of tartar mixture, beating well. Stir in
toffee bits and almonds.
— SHARED BY CHRISTINE CARPENTER La Brea Tar Pit Wings Cheese 2 cups canned crushed tomatoes
2 cups coarsely chopped almonds (From Southern Living Homestyle Cooking) 1 (14.5 oz) can stewed tomatoes
1 (6 oz) package of toffee bits 1 tsp dried oregano
(or 6 toffee candy bars like
INGREDIENTS INGREDIENTS 1 tsp dried basil
SKOR or Heath bars) 2 fresh rosemary sprigs
granulated sugar 4 lbs of chicken wings 1 log goat cheese 1 tsp kosher salt, plus more to taste
(about 24 wings) panko breadcrumbs 2-3 handfuls fresh kale or spinach
1 cup soy sauce flour leaves, roughly chopped
1/2 cup dry red wine egg ground black pepper
1/2 cup sugar honey chopped toasted nuts or seeds
1/4 tsp ground ginger chile powder for garnish (opt.)
DIRECTIONS DIRECTIONS DIRECTIONS
1. Preheat oven to 400°. 1. Cut log of goat cheese into 1. In a blender, combine 1 can of the
discs. Refrigerate to firm up white beans with 1 cup of the broth
2. Cut off wing tips, reserving them
until ready to fry. and blend until smooth. Set aside.
for another use, and halve wings
Christmas Tree Spinach INGREDIENTS DIRECTIONS at joint. Arrange wings, skin sides 2. Whisk egg with dash of water. 2. Liberally coat a pot with nonstick
down, in a roasting pan large Dip cheese discs into flour, oil spray and warm over medium
Dip Breadsticks 12 oz frozen chopped spinach 1. Preheat oven to 400°. enough to hold them in one layer. then egg wash, then panko heat. Add the onion and garlic
thawed and squeezed dry crumbs. and cook until softened, about
2. In a bowl, beat together the spinach 3. In a small saucepan heat remaining
6 oz cream cheese softened 5 minutes. Add the celery, carrots,
and cream cheese. ingredients over moderately low 3. Fry in about 1/2” of preheated
2 cloves garlic, minced remaining 3 cups broth, broccoli,
heat, stirring, until sugar is dissolved oil (medium heat) until both
1/2 tsp salt 3. Add garlic, salt, onion powder, cauliflower, crushed tomatoes,
and pour evenly over wings. Bake sides are golden brown.
1/2 tsp onion powder chili powder, pepper, and Italian stewed tomatoes, oregano,
wings in middle of oven 45 minutes.
seasoning and beat to combine. 4. Remove to a platter, then basil, second can of beans,
1/4 tsp chili powder Turn wings over and bake until
drizzle with honey and dust rosemary, and salt. Bring to a boil,
1/4 tsp pepper 4. Add parmesan cheese and 1/2 of cooking liquid is thick and sticky,
with chile powder. then reduce heat and simmer,
1 tsp Italian seasoning the cheddar or mozzarella cheese about 45 minutes to 1 hour more.
1/2 cup grated parmesan cheese uncovered, for about 25 minutes.
and beat to combine. (The other half — SHARED BY
1 cup grated cheddar or — SHARED BY ERIC MANAS
of the cheddar or mozzarella cheese ERIC MANAS 3. Remove the rosemary sprigs from
mozzarella cheese will be sprinkled over the filling when the pot. Add the pureed white
1 tube refrigerated thin crust you shape the Christmas tree.) beans from the blender and kale
pizza crust or spinach and simmer for another
5. Shape into Christmas tree.
2 tbsp butter 10 minutes, or until the greens wilt.
1/2 tsp Italian seasoning 6. Bake for about 22 minutes until Season with additional salt and
1/2 tsp garlic salt golden brown on top and cooked pepper and top each serving with
through on the bottom. a sprinkling of nuts or seeds (opt.).
7. Melt butter and stir in garlic salt
— SHARED BY CHRISTINE CARPENTER
— SHARED BY and seasoning, then brush over (From Joy Bauer’s Super Food!)
CORTNEY CARONNA breadsticks. Serve warm.
14 15
Tax Services
MEET YOUR BWFA TAX TEAM
LAWRENCE M. POST ANN GARCZYNSKI MATTHEW SMILER BRIAN MURRAY GARY TROTTER YUAN ZHANG LEX RUYGROK ANA WELBORN
CPA, MST, CFP®, CIMA® CPA ChFC® Tax Advisor Tax Associate Client Associate CPA, ESQ. CPA
Senior Tax & Planning Advisor Associate Tax Advisor Tax Advisor & Assoc. Financial bmurray@bwfa.com gtrotter@bwfa.com yzhang@bwfa.com Tax Consultant Tax Consultant
lpost@bwfa.com agarczynski@bwfa.com Planner | msmiler@bwfa.com lruygrok@bwfa.com awelborn@bwfa.com
Larry Post is a financial Ann Garczynski is a Matthew is a Chartered Brian brings many years Gary has been with Yuan Zhang graduated Lex has worked inside the Ana has been a BWFA
professional dedicated graduate of the University Financial Consultant of tax experience to BWFA for many years. from the University BWFA tax advisory team tax consultant for several
to serving the needs of of Baltimore with a (ChFC) and holds a B.S. BWFA working on both He graduated from SUNY of Maryland where for many years. He is a years. She is a graduate
individuals and families. Bachelor’s Degree in in Business from Towson business and individual tax Stony Brook, NY with she earned her BS in graduate of the University of UMBC with a major in
Prior to joining BWFA, Larry Business Administration University. Matthew has preparation. He is currently a Bachelor’s degree in Accounting. Prior to of Virginia and an honors financial economics and a
held various positions in and Accounting. Ann worked in the accounting working to achieve his Engineering and then joining BWFA, Yuan graduate of the University minor in accounting. Prior
Hawthorn, PNC Family Office, has worked at BWFA for and financial advisory Enrolled Agent Certificate. earned a Master’s Degree was a staff accountant of Maryland School of to joining BWFA, Ana was
PNC Wealth Management, many years in both the industry for close to Brian grew up in Boston in Business Management in a regional CPA firm in Law. Lex is a former tax a tax manager at DHG,
and was a partner with a Tax Services and Client twelve years. He resides in and recently moved to from Brooklyn Polytechnic Bethesda. Yuan lives in manager at Deloitte and LLP (formerly Stegman &
CPA and financial planning Services departments. Baltimore with his wife and Silver Spring, MD. He University. Gary is a Ellicott City, MD with her served as a tax director Co.) working with various
firm. Additionally, he was She is a native of New enjoys playing basketball, enjoys traveling, food, veteran of the US Navy. husband and two kids. for the personal tax types of business entities,
an instructor of financial York City and began her golf and spending time playing sports and rooting He previously worked at She enjoys cooking and services group of a larger individuals, non-profits,
planning, and an adjunct career as a legal secretary with family and friends. for all of his hometown Verizon Communications. likes to spend time with regional accounting firm. and trusts. Ana is a
professor of accounting in Manhattan. After moving professional teams. Currently, he is preparing friends and her family. In addition to practicing member of the American
and taxation. Larry earned to Maryland, she worked for the licensing exam to law, Lex teaches personal Institute of Certified
a Bachelor of Science in at the law firm of Weinberg become an Enrolled Agent. and business tax classes Public Accountants and
Business Administration and Green in Baltimore Gary lives in Columbia, MD for the Smith Business the Maryland Association
majoring in accounting while completing her with his wife Michelle. His School at the University of of Certified Public
from Georgetown University, degree. Her first job after son Marcel is attending Maryland. He and his wife Accountants. She currently
and a Master of Science in
Taxation and Certificate as a
graduation was in the tax
department of Deloitte
Let the professionals at BWFA college in Philadelphia, PA.
He enjoys reading, road
Terry like to travel, attend
concerts and sporting
lives in Baltimore, MD
and enjoys traveling and
Tax Specialist from Bentley & Touche LLP in their assist you with tax advice and tax cycling, ocean kayaking, events and spend time spending time with family
University. He is currently
licensed as a CPA and a
Baltimore office. Ann and
her husband reside in
planning so you can keep more downhill skiing, and
camping.
with family and friends. and friends.
Certified Financial Planner™ Taylorsville, MD. of your hard-earned money.
and Certified Investment
Management Analyst™.
16 17Tax Services
TAX TIPS: HEALTH INSURANCE
LAWRENCE M. POST | CPA, MST, CFP®, CIMA®
Senior Tax & Planning Advisor
lpost@bwfa.com
Your health insurance coverage probably came
in handy several times over the past year.
It all seemed so simple at the time—you paid
a deductible, and your insurance usually kicked
in the rest. But what do you do at tax time?
Just what are you taxed on, and what can you
deduct on your federal income tax return?
Your income taxes may be affected WHAT IF YOUR EMPLOYER IN MOST CASES, YOU WON’T You can deduct the amount by which The definition of self-employed What about reimbursements for
by two aspects of your health REIMBURSES YOU FOR BE ABLE TO DEDUCT THE your unreimbursed medical expenses individuals includes sole proprietors, medical care? You can generally
insurance plan—the premiums and YOUR PREMIUMS? PREMIUMS YOU PAY exceed this 7.5 percent threshold. partners, and 2 percent S corporation exclude from income reimbursements
the benefits. Here’s what you need shareholders. for hospital, surgical, or medical
to know. Unreimbursed medical expenses expenses that you receive from your
If you pay the premiums on your The deductibility of health insurance include premiums paid for major If you qualify, you can deduct 100 employer’s health insurance plan.
health insurance policy and receive premiums follows the rules for medical, hospital, surgical, and percent of the cost of health insurance These reimbursements can be for
YOU DON’T INCLUDE a reimbursement from your employer deducting medical expenses. Usually, physician’s expense insurance, that you provide for yourself, your your own expenses or for those of
EMPLOYER-PAID PREMIUMS for those premiums, the amount of the premiums you pay on an individual and amounts paid out of your pocket spouse, and your dependents. This your spouse or dependents. The
IN YOUR INCOME the reimbursement is not taxable health insurance policy won’t be for treatment not covered by your deduction is taken on the front of exclusion applies regardless of
income. However, if your employer deductible. However, if you itemize health insurance. your federal Form 1040; the portion whether your employer provides group
For tax purposes, you can generally simply pays you a lump sum that deductions on Schedule A, and your of your health insurance premiums or individual insurance, or serves as
exclude from your income any health may be used to pay health insurance unreimbursed medical expenses that is not deductible there can be
premiums but is not required to exceed 10 percent of your adjusted IF YOU’RE SELF-EMPLOYED, a self-insurer. The reimbursements
insurance premiums (including added to your total medical expenses
be used for this purpose, that gross income (AGI) in any tax year, SPECIAL DEDUCTION can be for actual medical care or for
Medicare) paid by your employer. itemized in Schedule A.
amount is taxable. you may be able to take a deduction. RULES MAY APPLY insurance premiums on your own
The premiums can be for insurance health insurance.
covering you, your spouse, and YOUR HEALTH INSURANCE
any dependents. It doesn’t matter In addition to the general rule of NOTE: There is no dollar limit on
deducting premiums as medical BENEFITS TYPICALLY
whether the premiums paid for an the amount of tax-free medical
expenses, self-employed individuals AREN’T TAXABLE
employer-sponsored group policy reimbursements you can receive
or an individual policy. You can can deduct a percentage of their in a year. However, if your total
even exclude premiums that Whether we’re talking about an employer- health insurance premiums as Whether we’re talking about an reimbursements for the year exceed
your employer pays when you sponsored group plan or a health insurance policy business expenses. These deductions
aren’t limited to amounts over 10
employer-sponsored group plan or
a health insurance policy you bought
your actual expenses, and your
are laid off from your job. employer pays for all or part of
you bought on your own, you generally aren’t percent of AGI, as are medical on your own, you generally aren’t your health insurance premiums,
expense deductions. They are taxed on the health insurance
taxed on the health insurance benefits you receive. limited, though, to amounts less benefits you receive.
you may have to include some of
the excess in your income.
than an individual’s earned income.
18 19Tax Services
Investment Income Education Other Expenses/Deductions NOTES
Forms 1099-DIV, 1099-INT: Form 1098-E for student Medical and Dental expense records
statements of dividends loan interest Health Savings or Medical Savings
TAX PREPARATION and interest Form 1098-T for tuition paid Account contributions
CHECKLIST 2020 Forms 1099-B: proceeds from Contributions to 529 plans Adoption Expenses
broker transactions (include cost
Form 1099-Q for payments from Early withdrawal penalties on CDs
basis information for all non-
a qualified education program and other time deposits
MATTHEW SMILER | ChFC® covered stock sold)
and related expenses
Tax Advisor & Associate Financial Planner Schedules K-1: partnership, trust,
msmiler@bwfa.com
estate and S Corporation income Educators (Grades K-12) OTHER IMPORTANT
INFORMATION
Expenses paid for classroom
Foreign Bank Account Information
PERSONAL INFORMATION Self-Employment supplies (receipts, canceled checks)
Bank information – location Taxes You Paid
Forms 1099-Misc, if applicable (foreign country address), Retirement Contributions Federal and state estimated
Personal Data Your Business Records: name of institution (IRA & Roth IRA) tax payments (include date
Social Security Numbers and Income Statement (include Account Information (account Records of contributions made & amount of each)
birthdates for you, your spouse revenue and expense detail) numbers and maximum account for the current tax year completed Real Estate Taxes Paid
and children Detail of taxes paid values during the year) by 4/15/2021
Personal Property Taxes Paid
Driver’s license information for Home office expenses Miscellaneous Income Alimony Paid
taxpayer and spouse (license
Vehicle expenses or mileage log Form 1099-G for state/local tax Amount paid, former spouse’s
number, issuing state, expiration
(records MUST be written) refunds or unemployment income name and social security number
date, issue date)
Listing of current year asset Form 1099-S for Income on and date of court ruling
Your Household acquisitions and dispositions Sale of Property
Extending
Mortgage Interest
(include only those for whom you
provide >50% of their support)
Medical insurance premiums Settlement sheets for any sale, Forms 1098
Your Return
paid for you, your spouse, purchase, or refinance of residence
Name, date of birth, social security and dependents All extensions must be filed
and original basis of house sold Charitable Donations
number, and gross income of any by April 15, 2021
Self-employed retirement Form 1099-C from Cancellation (NOTE: include charity’s written
adult who lived with you all year contributions (SEP, SIMPLE IRA, of Indebtedness Income statement for any single It has not been proven that
Name, date of birth, social security 401(k) plans) donation >$250) extending increases audit risk
number, and gross income Alimony received and date of
Pension/Annuities court ruling Cash amounts, official charity
of any parent not living with you An extension of time to file is
Forms 1099-R or RRB-1099 receipts, canceled checks
Name, date of birth, social security Scholarships, fellowships not an extension of time to pay
for distributions from IRAs Value of donated property
number of any new additions to or retirement plans Other:
the family Medical Savings Account Miles driven and out-of-pocket You can file your return at any
Any nondeductible IRA/Roth jury duty expenses time before October 15, 2021
contributions or distributions gambling/lottery winnings
INFORMATION ABOUT
YOUR INCOME
thereof prizes/awards, etc.
Casualty/Theft Losses
Reasons
Qualified charitable distributions Provide details of loss or
Rollovers
damages incurred and insurance for Extending
ADJUSTMENTS, DEDUCTIONS, reimbursements (only if in
Employment Some tax forms are released
AND CREDITS INFORMATION federally declared disaster areas)
Forms W-2 for you and Social Security Income later than others (Schedule K-1)
your spouse Forms 1099-SA Gifts >$15,000
Child Care Expenses Increases time to contribute
Rental Income Name, address, tax ID or social Any gifts given during the year to a SEP IRA
Forms 1099-Misc security number, and amount paid (description of gift and amount)
(NOTE: include day camp A major life event, such as
Income Statement (include revenue
expenses but not the cost of loss of a loved one, or new
and expense detail and taxes paid)
summer school) member of the family may
Listing of current year asset cause a need for additional
acquisitions and dispositions time to prioritize your taxes
20 21Business Services
FIVE REASONS WHY YOUR BUSINESS
IS TOO DEPENDENT ON YOU
BRIAN MACMILLAN
Managing Director Mergers & Acquisitions
bmacmillan@bwfa.com
If you, as a business 1. YOU ARE THE ONLY
SIGNING AUTHORITY
owner, were to draw
a picture that visually Most business owners give them-
selves final authority… all the time.
represents your role in But what happens if you’re away for
your business, what a couple of days and an important
supplier needs to be paid? Consider
would it look like? giving an employee signing authority
for an amount you’re comfortable 3. YOUR VACATIONS… DON’T 5. YOU GET CC’D ON MORE
Are you at the top of an organizational with, and then change the mailing FEEL LIKE VACATIONS THAN FIVE E-MAILS A DAY
chart, or stuck in the middle of your address on your bank statements
business like a hub in a bicycle wheel? so they are mailed to your home
(not the office). That way, you can If you spend your vacations Employees, customers and suppliers
The Hub & Spoke model is a drive review everything coming out of dispatching orders from your mobile, constantly cc’ing you on e-mails can
that shows how dependent your your account and make sure the it’s time to cut the tether. Start by be a sign that they are looking for
business is on you for survival. The privilege isn’t being abused. taking one day off and seeing how your tacit approval or that you have
Hub & Spoke model can only be your company does without you. not made clear when you want to be
as strong as the hub. The moment Build systems for failure points. involved in their work. Start by asking
the hub is overwhelmed, the entire
2. YOUR REVENUE IS Work up to a point where you your employees to stop using the
system fails. Acquirers generally avoid
FLAT WHEN COMPARED can take a few weeks off without cc line in an e-mail; ask them to add
these types of managed businesses
TO LAST YEAR’S affecting your business. you to the “to” line if you really must
because they understand the dangers be made aware of something – and The Hub & Spoke model is a drive that shows
only if they need a specific action
of buying a company too dependent
on the owner.
Flat revenue from one year to the
next can be a sign you are a hub in a
4. YOU KNOW ALL OF YOUR
from you. how dependent your business is on you for
CUSTOMERS BY FIRST NAME
Here’s a list of the 5 top warning
hub-and-spoke model. Like forcing
The Business Services team at BWFA
survival. The Hub & Spoke model can only be
water through a hose, you have only
signs that show your business so much capacity. No matter how It’s good to have the pulse of your can help move your business away as strong as the hub. The moment the hub is
could be too dependent on you. efficient you are, every business market, but knowing every single
customer by first name can be a sign
from the Hub & Spoke model. Please
contact the Business Services team
overwhelmed, the entire system fails. Acquirers
dependent on its owner reaches
capacity at some point. Consider that you’re relying too heavily on your at BWFA to discuss how to transition generally avoid these types of managed
away from being the hub that is
narrowing your product and service personal relationships being the glue
that holds your business together. holding your company back. businesses because they understand the
line by eliminating technically complex
offers that require your personal Consider replacing yourself as a rain dangers of buying a company too dependent
maker by hiring a sales team, and as
involvement, and instead focus on
inefficient as it seems, have a trusted on the owner.
selling fewer things to more people.
employee shadow you when you
meet customers so over time your
customers get used to dealing with
someone else.
22 23What ’s Happening at
Giving Back During
the Holidays
This holiday season, BWFA is raising
money for the Casey Cares Foundation.
Casey Cares provides ongoing support
to families with critically ill children with
things like care packages, new pajamas,
grocery gift cards and much more!
Please consider making a donation to
The MacMillan’s tag their Christmas tree at Pine Valley Christmas Tree Farm in Elkton.
our fundraising page below to help us
spread some cheer this holiday season.
justgiving.com/fundraising/baltimore-
washington-financial-advisors
Visit caseycares.org to learn about their Joe DePatie and fiancé Alyssa enjoy a
uplifting programs, upcoming events, beautiful fall day with Nera at the park.
fundraisers, and other ways to give back.
Thank you for your support!
BWFA Client sailing from Johannesburg,
South Africa to Annapolis.
Meghan, Eric, Miriam, Ezra & Mojo Manas welcome the beginning of the holiday season!
A Kelly Family Thanksgiving celebration!
Celebrating Vinnie Caronna’s first Halloween!
Vinnie’s first Christmas!
24 25Employee Spotlight Cooking
with Amy von Lange
Chef/Owner of Schola
Healthy Eating
WED., JANUARY 13, 2021
4:30 PM – 6:00 PM
GET TO KNOW EVE
Valentine’s Day
WED., FEBRUARY 10, 2021
EVE KENNEDY
Senior Client Associate
4:30 PM – 6:00 PM
ekennedy@bwfa.com
Country French Brunch
WED., MARCH 10, 2021
WHAT LED YOU TO FAVORITE THINGS TO DO FAVORITE SONG AND/OR
4:30 PM – 6:00 PM
THIS CAREER? OUTSIDE OF BWFA? BAND OF ALL TIME?
I have spent most of my career in the I have an 11 year old son, Calvin so This is a hard question because I Everything Dumpling
restaurant and hospitality industries. we spend a lot of time outdoors, doing have a very broad and eclectic love of WED., MARCH 31, 2021
My most recent position allowed me science experiments, art projects, music. It all depends on my mood and 4:30 PM – 6:00 PM
to be introduced to Rob Carpenter watching movies/shows, and cooking. what I am doing. I enjoy everything
and the rest is history! from classical (Mozart is my fave)
CAREER IF YOU WEREN’T and opera (LaTraviata is my fave) to
MOST REWARDING AND IN THE FINANCIAL WORLD? blues, jazz, Motown, folk, indie, pop, TO REGISTER, EMAIL
CHALLENGING PARTS classic rock and rap. The only music CORTNEY CARONNA AT
OF WORKING AT BWFA? that I am not keen on listening to is CCARONNA@BWFA.COM
Running a small café or restaurant.
metal. Some examples of bands I
Rewarding: Our clients! I have like are First Aid Kit, Tallest Man on
WHO/WHAT INSPIRES YOU?
thoroughly enjoyed getting to know Earth, The National, Run the Jewels,
Wellness
our clients during the time I have been Macklemore, The Strokes, Florence
My mom. She has been a driving and the Machine, Ella Fitzgerald,
at BWFA and it is wonderful knowing
force in my life and an excellent Nat King Cole, Paul Simon, Bob
how much we support and assist
example of optimism, kindness, and Dylan, Bill Withers, BB King, Snoop with Dagmar Bohlmann
everyone.
perseverance. Between her and my Dogg, Childish Gambino, Chance the Registered Yoga Teacher
Challenging: During this pandemic, two older sisters, I have a wealth of Rapper, and Taylor Swift. YOGAhikes Baltimore
the hardest thing for me is NOT knowledge and support!
seeing our clients in person on a
regular basis. We have been doing SHARE A MEMORABLE
FUN FACT ABOUT YOURSELF? Yoga of the Heart
a tremendous job with technology, TRAVEL EXPERIENCE.
MON., FEBRUARY 8, 2021
however, I have still been missing the I was recruited to play in the WNBA 11:45 AM – 1:00 PM
in person interactions. while playing basketball in college.
I have had the pleasure of many
road trips with my sisters over the
Injuries prevented me from pursuing Heart Opening Yoga
SHARE A SIGNIFICANT CAREER that opportunity. I have also been a
years. Those have always been fun MON., FEBRUARY 22, 2021
ACCOMPLISHMENT. vegetarian since birth so I do not know
memories and bonding experiences! 11:45 AM – 1:00 PM
what meat or seafood tastes like.
However, my trip to Greece was a
once in a lifetime experience and was
Running the BWFA Book Club
the first time I traveled outside of the WHERE DO YOU SEE Mindfulness Matters
has been a fun, educational and
U.S. A river cruise throughout Europe YOURSELF IN 5 YEARS? THUR., MARCH 11, 2021
challenging endeavor. It has allowed
as well as some other European tours 11:45 AM – 1:00 PM
me to learn a lot about myself as well
as our clients who have joined over are still on my bucket list! I have been It is hard to think that far in the future
the past 3 years. watching a lot of travel shows during for me but I am hopeful that I will Meditation & Breathing
this pandemic and my bucket list is continue to be a successful and THUR., MARCH 25, 2021
getting longer and longer! integral part of the BWFA team. 11:45 AM – 1:00 PM
26 27You can also read
