Asked and Answered

Gary M. DuBoff says he’s very big on paying quarterly tax estimates on time. For many years, he kept a spreadsheet of everything that he spent money on, including coffee. After a year, he says, you may discover that you spend $1,200 on coffee.

When it comes to retirement savings, DuBoff, a certified public accountant, a certified financial planner and a principal in the tax and accounting department at Morrison, Brown, Argiz & Farra in its New York City office, says if you have an employer, be sure to know about all the benefits offered and take advantage of them.

If you can, you may want an outside investment account, in addition to your work plan, with an investment adviser. He says investment advisers who work with big companies, as opposed to being on their own, may be a safer bet, and you should always check to person’s license as a registered investment adviser.

In this episode of the ABA Journal’s Asked and Answered podcast, Senior Writer Stephanie Francis Ward talks to DuBoff about how to live within your means, how to figure out your set costs, and how to budget with what’s left over.

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In This Podcast:

<p>Gary M. DuBoff</p>

Gary M. DuBoff

Gary M. DuBoff is a certified public accountant, a certified financial planner and a principal in the tax and accounting department at Morrison, Brown, Argiz & Farra in its New York City office. He has been in the public
accounting profession since 1979. DuBoff specializes in family office services for high net worth individuals, families, corporate executives and closely held business owners. He has extensive experience advising
clients with personal and business tax issues, investment and financial planning, family wealth transfer, estate and retirement planning, and charitable giving.