Patience Has a Blind Spot Podcast Sep 10 Written By Paul Fenner <div class="video-caption-wrapper"> <div class="video-caption"> <p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;"></p> </div> </div> </div> <style class="transform-vars"> #block-df3b6a4081c7f8335bb7 { --opacity: 100%; --translate-x: 0px; --translate-y: 0px; --rotation: 0deg; --scale-x: 100%; --scale-y: 100%; --skew-x: 0deg; --skew-y: 0deg; --origin-x: 50%; --origin-y: 50%; --block-transform: none; opacity: var(--opacity, 1); transform: var(--block-transform); transform-origin: var(--origin-x) var(--origin-y); } </style><style class="transform-overrides-vars"> </style> </div></div><div class="sqs-block website-component-block sqs-block-website-component sqs-block-html html-block" data-block-css="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.styles.css"]" data-block-scripts="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.visitor.js"]" data-block-type="1337" data-definition-name="website.components.html" data-sqsp-block="text" data-website-component-id="48eba94075a2d18eac2b" id="block-48eba94075a2d18eac2b"><div class="sqs-block-content"><div class="sqs-text-block-container"> <div class="sqs-html-content" data-sqsp-text-block-content><p class="" style="white-space:pre-wrap;" data-rte-preserve-empty="true">What if the most disciplined thing you do with your money is quietly working against you in one specific account?</p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Today I walk through a family that had not touched their investments in several years. While that is highly unusual, what was not was our review of one of the spouse’s equity compensation.</p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true">The flat rate a company withholds at vest can sit well below what a high-earning household actually owes. And every vest quietly adds to the same position, which means holding is not standing still.</p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Patience answers how long you hold something. It says nothing about how much of it you own.</p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Pull up your most recent vest confirmation, find the shares that vested and the shares withheld for taxes, divide one by the other, and write that number down next to your marginal bracket to determine if you have a gap.</p><h3 style="white-space:pre-wrap;" data-rte-preserve-empty="true"><strong>ADDITIONAL RESOURCES YOU MAY LIKE</strong></h3></div> <style id="container-styles">#block-48eba94075a2d18eac2b { --stroke-style: none;--stroke-thickness: 6px; } #block-48eba94075a2d18eac2b .sqs-html-content { --tweak-text-block-padding: 6% 6% 6% 6%; --tweak-text-block-padding: initial; } #block-48eba94075a2d18eac2b { mix-blend-mode: var(--tweak-text-block-blend ); border-radius: var(--tweak-text-block-radius); } #block-48eba94075a2d18eac2b { --tweak-text-block-radius: 0px 0px 0px 0px; } #block-48eba94075a2d18eac2b { } </style> <style id="override-container-styles"> @media screen and (max-width: 767px) { #block-48eba94075a2d18eac2b { } } @media screen and (max-width: 767px) { #block-48eba94075a2d18eac2b .sqs-html-content { } } @media screen and (max-width: 767px) { }</style> <style class="transform-overrides-vars"> </style> </div> </div></div><div class="sqs-block website-component-block sqs-block-website-component sqs-block-summary-v2 summary-block summary-v2-block" data-block-css="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.summary/f1a169c0-a1bf-46ea-bda1-f79ced3d3760_679/website.components.summary.styles.css"]" 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data-block-type="1337" data-definition-name="website.components.summary" data-sqsp-block="summary" data-website-component-id="793eb56907c0b640cf57" id="block-793eb56907c0b640cf57"><div class="sqs-block-content"> <div class=" summary-block-wrapper summary-block-collection-type-blog-basic-grid summary-block-setting-text-size-medium summary-block-setting-text-align-left summary-block-setting-design-list summary-block-setting-design-list-thumbnail-left summary-block-setting-metadata-position-below-content summary-block-setting-primary-metadata-date summary-block-setting-secondary-metadata-none summary-block-setting-show-thumbnail summary-block-setting-show-title summary-block-setting-show-price summary-block-setting-show-excerpt sqs-gallery-design-list " data-design=list data-image-aspect-ratio=1.5 data-slides-per-row=3 data-mixed-content=true data-column-width=270 data-gutter="60" data-list-image-size="30" data-active-alignment="" data-square-thumbs="" data-auto-crop="true" > <div 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data-description="" aria-label="Start the Clock Before You Pick the Portfolio" > <div class="summary-thumbnail img-wrapper" data-animation-role="image"> <!-- Main Image --> <img data-src="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1788193550362-D8HGNXZZVIT2UNTLCKMQ/Article+Photo.jpg" data-image="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1788193550362-D8HGNXZZVIT2UNTLCKMQ/Article+Photo.jpg" data-image-dimensions="1376x768" data-image-focal-point="0.5,0.5" alt="Start the Clock Before You Pick the Portfolio" data-load="false" class="summary-thumbnail-image" elementtiming="summary-thumbnail-image-list" /> </div> </a> <!-- Products: Quick View --> </div> <div class="summary-content sqs-gallery-meta-container" data-animation-role="content"> <div class="summary-metadata-container summary-metadata-container--above-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-10-05">October 5, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class="summary-title"> <a href="/blog/start-the-clock-before-you-pick-the-portfolio" class="summary-title-link"> Start the Clock Before You Pick the Portfolio </a> </div> <div class="summary-metadata-container summary-metadata-container--below-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-10-05">October 5, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class=" summary-excerpt summary-excerpt-only "><p style="white-space:pre-wrap;" data-rte-preserve-empty="true">The years your money spends compounding do more of the work than the rate you earn, and the cost of waiting to start never shows up as a cost. That is exactly why it is so easy to keep waiting.</p></div> <a href="/blog/start-the-clock-before-you-pick-the-portfolio" class="summary-read-more-link">Read more →</a> <div class="summary-metadata-container summary-metadata-container--below-content"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-10-05">October 5, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> </div> </div> <div class=" summary-item positioned summary-item-record-type-text sqs-gallery-design-list-slide summary-item-has-thumbnail summary-item-has-excerpt summary-item-has-author " > <div class="summary-thumbnail-outer-container"> <a href="/blog/why-the-account-that-funds-itself-always-wins" class=" summary-thumbnail-container sqs-gallery-image-container " data-title="Why the Account That Funds Itself Always Wins" data-description="" aria-label="Why the Account That Funds Itself Always Wins" > <div class="summary-thumbnail img-wrapper" data-animation-role="image"> <!-- Main Image --> <img data-src="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1787584167850-TTPX1DZ0Z1JZPO9XK4UD/Article+Photo.png" data-image="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1787584167850-TTPX1DZ0Z1JZPO9XK4UD/Article+Photo.png" data-image-dimensions="1408x768" data-image-focal-point="0.5,0.5" alt="Why the Account That Funds Itself Always Wins" data-load="false" class="summary-thumbnail-image" elementtiming="summary-thumbnail-image-list" /> </div> </a> <!-- Products: Quick View --> </div> <div class="summary-content sqs-gallery-meta-container" data-animation-role="content"> <div class="summary-metadata-container summary-metadata-container--above-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-28">September 28, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class="summary-title"> <a href="/blog/why-the-account-that-funds-itself-always-wins" class="summary-title-link"> Why the Account That Funds Itself Always Wins </a> </div> <div class="summary-metadata-container summary-metadata-container--below-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-28">September 28, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class=" summary-excerpt summary-excerpt-only "><p style="white-space:pre-wrap;" data-rte-preserve-empty="true">The goal that comes out of your paycheck automatically will always beat the goals that wait for you to decide. Funding order is not a ranking of importance. It is a ranking of what got automated.</p></div> <a href="/blog/why-the-account-that-funds-itself-always-wins" class="summary-read-more-link">Read more →</a> <div class="summary-metadata-container summary-metadata-container--below-content"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-28">September 28, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> </div> </div> <div class=" summary-item positioned summary-item-record-type-text sqs-gallery-design-list-slide summary-item-has-thumbnail summary-item-has-excerpt summary-item-has-author " > <div class="summary-thumbnail-outer-container"> <a href="/blog/some-money-only-moves-on-the-way-out" class=" summary-thumbnail-container sqs-gallery-image-container " data-title="Some Money Only Moves on the Way Out" data-description="" aria-label="Some Money Only Moves on the Way Out" > <div class="summary-thumbnail img-wrapper" data-animation-role="image"> <!-- Main Image --> <img data-src="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1787583572866-LKLY5UD1N6ASJ0069JXQ/Article+Photo.png" data-image="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1787583572866-LKLY5UD1N6ASJ0069JXQ/Article+Photo.png" data-image-dimensions="1408x768" data-image-focal-point="0.5,0.5" alt="Some Money Only Moves on the Way Out" data-load="false" class="summary-thumbnail-image" elementtiming="summary-thumbnail-image-list" /> </div> </a> <!-- Products: Quick View --> </div> <div class="summary-content sqs-gallery-meta-container" data-animation-role="content"> <div class="summary-metadata-container summary-metadata-container--above-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-21">September 21, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class="summary-title"> <a href="/blog/some-money-only-moves-on-the-way-out" class="summary-title-link"> Some Money Only Moves on the Way Out </a> </div> <div class="summary-metadata-container summary-metadata-container--below-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-21">September 21, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class=" summary-excerpt summary-excerpt-only "><p style="white-space:pre-wrap;" data-rte-preserve-empty="true">A job change forces the whole balance sheet to be handled at once, on a deadline, by someone also managing an emotional decision. The pieces that hurt are the ones with clocks attached: unvested equity, deferred comp payouts, and a rushed rollover.</p></div> <a href="/blog/some-money-only-moves-on-the-way-out" class="summary-read-more-link">Read more →</a> <div class="summary-metadata-container summary-metadata-container--below-content"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-21">September 21, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> </div> </div> </div> </div> </div> <style> #block-793eb56907c0b640cf57 { --summary-title-font-size: 20px; --summary-excerpt-font-size: 14px; --summary-text-align: left; --summary-list-image-float: left; --summary-list-thumbnail-padding-left: 0; --summary-list-thumbnail-padding-right: 20px; --summary-list-qv-padding-left: 0; --summary-list-qv-padding-right: 20px; --summary-list-product-mark-left: 0; --summary-list-product-mark-right: auto; --summary-meta-above-display: none; --summary-meta-below-title-display: none; --summary-meta-below-content-display: block; --summary-show-title: block; --summary-show-thumbnail: block; --summary-show-excerpt: block; --summary-show-excerpt-clamped: -webkit-box; --summary-content-spacing: 10px; --summary-show-price: block; --summary-show-read-more-link: none; } </style> <style id="container-styles">#block-793eb56907c0b640cf57 { --stroke-style: none;--stroke-thickness: 6px; } #block-793eb56907c0b640cf57 .summary-block-wrapper { --tweak-summary-block-padding: 6% 6% 6% 6%; --tweak-summary-block-padding: initial; } #block-793eb56907c0b640cf57 { mix-blend-mode: var(--tweak-summary-block-blend); border-radius: var(--tweak-summary-block-radius); } #block-793eb56907c0b640cf57 { --tweak-summary-block-radius: 0px 0px 0px 0px; } #block-793eb56907c0b640cf57 { } </style> </div></div></div><div class="col sqs-col-5 span-5"><div class="sqs-block website-component-block sqs-block-website-component sqs-block-html html-block" data-block-css="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.styles.css"]" data-block-scripts="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.visitor.js"]" data-block-type="1337" data-definition-name="website.components.html" data-sqsp-block="text" data-website-component-id="e28a4160c6c3821ea9bc" id="block-e28a4160c6c3821ea9bc"><div class="sqs-block-content"><div class="sqs-text-block-container"> <div class="sqs-html-content" data-sqsp-text-block-content><h4 style="white-space:pre-wrap;" data-rte-preserve-empty="true">1 Big Idea to Think About</h4><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Patience answers how long you hold something. It says nothing about how much of it you own. With vesting equity, holding is not standing still; it is adding to the same position every quarter.</p></li></ul><h4 style="white-space:pre-wrap;" data-rte-preserve-empty="true">1 Way You Can Apply This</h4><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Pull up your most recent vest confirmation, divide the shares withheld for taxes by the total shares vested, and write that percentage next to your marginal tax bracket.</p></li></ul><h4 style="white-space:pre-wrap;" data-rte-preserve-empty="true">1 Question to Ask</h4><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;" data-rte-preserve-empty="true">If my salary, my health coverage, and my largest single holding all came from the same company, would I have built it that way on purpose?</p></li></ul><h4 style="white-space:pre-wrap;" data-rte-preserve-empty="true"><strong>Resources Featured in This Episode:</strong></h4><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true"><a href="https://www.tammacapital.com/podcast/ep-187-paul-fenner-your-holding-period-matters-most">Your Holding Period Matters Most </a> </p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true"><a href="https://www.tammacapital.com/blog/understanding-the-big-beautiful-bill-tax-changes-that-impact-families-balancing-careers-and-kids">Understanding the "Big Beautiful Bill": Tax Changes That Impact Families Balancing Careers and Kids </a> </p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true"><a href="https://www.tammacapital.com/blog/staying-the-course-how-long-term-investing-builds-wealth-through-market-cycles">Staying the Course: How Long-Term Investing Builds Wealth Through Market Cycles </a> </p></div> <style id="container-styles">#block-e28a4160c6c3821ea9bc { --stroke-style: none;--stroke-thickness: 6px; } #block-e28a4160c6c3821ea9bc .sqs-html-content { --tweak-text-block-padding: 6% 6% 6% 6%; --tweak-text-block-padding: initial; } #block-e28a4160c6c3821ea9bc { mix-blend-mode: var(--tweak-text-block-blend ); border-radius: var(--tweak-text-block-radius); } #block-e28a4160c6c3821ea9bc { --tweak-text-block-radius: 0px 0px 0px 0px; } #block-e28a4160c6c3821ea9bc { } </style> <style id="override-container-styles"> @media screen and (max-width: 767px) { #block-e28a4160c6c3821ea9bc { } } @media screen and (max-width: 767px) { #block-e28a4160c6c3821ea9bc .sqs-html-content { } } @media screen and (max-width: 767px) { }</style> <style class="transform-overrides-vars"> </style> </div> </div></div></div></div></div></div></div></div> <div class="blog-item-author-profile-wrapper" data-content-field="author"> <a href="/podcast?author=6568d8a4109e221f9097c768"> <span class="author-name">Paul Fenner</span> </a> </div> </div> <section class="blog-item-comments"> <div class="blog-item-comments-toggle-wrapper"> <div id="blogItemCommentsContent" class="blog-item-comments-content" data-content-field="comments"> </div> </div> </section> </div> </article> </div> </div> </div> </section> </article> <section id="itemPagination" class="item-pagination item-pagination--prev-next" data-collection-type="blog-side-by-side" > <a href="/podcast/accumulation-was-the-easy-part" class="item-pagination-link item-pagination-link--prev"> <div class="item-pagination-icon icon icon--stroke"> <svg class="caret-left-icon--small" viewBox="0 0 9 16"> <polyline fill="none" stroke-miterlimit="10" points="7.3,14.7 2.5,8 7.3,1.2"/> </svg> </div> <span class="pagination-title-wrapper"> <div class="visually-hidden">Previous</div> <div class="item-pagination-prev-next">Previous</div> <h2 class="item-pagination-title">Accumulation Was the Easy Part</h2> </span> </a> <a href="/podcast/when-selling-means-admitting-you-were-wrong" class="item-pagination-link item-pagination-link--next"> <div class="pagination-title-wrapper"> <div class="visually-hidden">Next</div> <div class="item-pagination-prev-next">Next</div> <h2 class="item-pagination-title">When Selling Means Admitting You Were Wrong</h2> </div> <div class="item-pagination-icon icon icon--stroke"> <svg class="caret-right-icon--small" viewBox="0 0 9 16"> <polyline fill="none" stroke-miterlimit="10" points="1.6,1.2 6.5,7.9 1.6,14.7"/> </svg> </div> </a> </section> </main> <footer class="sections" id="footer-sections" data-footer-sections> <section data-test="page-section" data-section-theme="dark" class='page-section full-bleed-section layout-engine-section background-width--full-bleed section-height--custom content-width--wide horizontal-alignment--center vertical-alignment--middle dark' data-section-id="654fc246aba94f2bc8f14169" data-controller="SectionWrapperController" data-current-styles="{ "imageOverlayOpacity": 0.15, "backgroundWidth": "background-width--full-bleed", "sectionHeight": "section-height--custom", "customSectionHeight": 10, "horizontalAlignment": "horizontal-alignment--center", "verticalAlignment": "vertical-alignment--middle", "contentWidth": "content-width--wide", "customContentWidth": 50, "sectionTheme": "dark", "sectionAnimation": "none", "backgroundMode": "image" }" data-current-context="{ "video": { "playbackSpeed": 0.5, "filter": 1, "filterStrength": 0, "zoom": 0, "videoSourceProvider": "none" }, "backgroundImageId": null, "backgroundMediaEffect": { "type": "none" }, "divider": { "enabled": false }, "typeName": "blog-side-by-side" }" data-animation="none" data-fluid-engine-section style="min-height: 10vh;" data-sqsp-section="fluid-engine" > <div class="section-border" > <div class="section-background"> </div> </div> <div class='content-wrapper' style=' padding-top: calc(10vmax / 10); 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Patience Has a Blind Spot Podcast Sep 10 Written By Paul Fenner <div class="video-caption-wrapper"> <div class="video-caption"> <p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;"></p> </div> </div> </div> <style class="transform-vars"> #block-df3b6a4081c7f8335bb7 { --opacity: 100%; --translate-x: 0px; --translate-y: 0px; --rotation: 0deg; --scale-x: 100%; --scale-y: 100%; --skew-x: 0deg; --skew-y: 0deg; --origin-x: 50%; --origin-y: 50%; --block-transform: none; opacity: var(--opacity, 1); transform: var(--block-transform); transform-origin: var(--origin-x) var(--origin-y); } </style><style class="transform-overrides-vars"> </style> </div></div><div class="sqs-block website-component-block sqs-block-website-component sqs-block-html html-block" data-block-css="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.styles.css"]" data-block-scripts="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.visitor.js"]" data-block-type="1337" data-definition-name="website.components.html" data-sqsp-block="text" data-website-component-id="48eba94075a2d18eac2b" id="block-48eba94075a2d18eac2b"><div class="sqs-block-content"><div class="sqs-text-block-container"> <div class="sqs-html-content" data-sqsp-text-block-content><p class="" style="white-space:pre-wrap;" data-rte-preserve-empty="true">What if the most disciplined thing you do with your money is quietly working against you in one specific account?</p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Today I walk through a family that had not touched their investments in several years. While that is highly unusual, what was not was our review of one of the spouse’s equity compensation.</p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true">The flat rate a company withholds at vest can sit well below what a high-earning household actually owes. And every vest quietly adds to the same position, which means holding is not standing still.</p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Patience answers how long you hold something. It says nothing about how much of it you own.</p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Pull up your most recent vest confirmation, find the shares that vested and the shares withheld for taxes, divide one by the other, and write that number down next to your marginal bracket to determine if you have a gap.</p><h3 style="white-space:pre-wrap;" data-rte-preserve-empty="true"><strong>ADDITIONAL RESOURCES YOU MAY LIKE</strong></h3></div> <style id="container-styles">#block-48eba94075a2d18eac2b { --stroke-style: none;--stroke-thickness: 6px; } #block-48eba94075a2d18eac2b .sqs-html-content { --tweak-text-block-padding: 6% 6% 6% 6%; --tweak-text-block-padding: initial; } #block-48eba94075a2d18eac2b { mix-blend-mode: var(--tweak-text-block-blend ); border-radius: var(--tweak-text-block-radius); } #block-48eba94075a2d18eac2b { --tweak-text-block-radius: 0px 0px 0px 0px; } #block-48eba94075a2d18eac2b { } </style> <style id="override-container-styles"> 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data-block-type="1337" data-definition-name="website.components.summary" data-sqsp-block="summary" data-website-component-id="793eb56907c0b640cf57" id="block-793eb56907c0b640cf57"><div class="sqs-block-content"> <div class=" summary-block-wrapper summary-block-collection-type-blog-basic-grid summary-block-setting-text-size-medium summary-block-setting-text-align-left summary-block-setting-design-list summary-block-setting-design-list-thumbnail-left summary-block-setting-metadata-position-below-content summary-block-setting-primary-metadata-date summary-block-setting-secondary-metadata-none summary-block-setting-show-thumbnail summary-block-setting-show-title summary-block-setting-show-price summary-block-setting-show-excerpt sqs-gallery-design-list " data-design=list data-image-aspect-ratio=1.5 data-slides-per-row=3 data-mixed-content=true data-column-width=270 data-gutter="60" data-list-image-size="30" data-active-alignment="" data-square-thumbs="" data-auto-crop="true" > <div class="summary-item-list-container sqs-gallery-container"> <header class="summary-block-header"> <div class="summary-heading" data-animation-role="content"> <span class="summary-header-text">Featured</span> </div> <div class="summary-carousel-pager sqs-gallery-controls" data-animation-role="content"> <span class="summary-carousel-pager-prev previous" tabindex="0" role="button" aria-label="Previous" ></span> <span class="summary-carousel-pager-next next" tabindex="0" role="button" aria-label="Next" ></span> </div> </header> <div class="summary-item-list sqs-gallery"> <div class=" summary-item positioned summary-item-record-type-text sqs-gallery-design-list-slide summary-item-has-thumbnail summary-item-has-excerpt summary-item-has-author " > <div class="summary-thumbnail-outer-container"> <a href="/blog/start-the-clock-before-you-pick-the-portfolio" class=" summary-thumbnail-container sqs-gallery-image-container " data-title="Start the Clock Before You Pick the Portfolio" data-description="" aria-label="Start the Clock Before You Pick the Portfolio" > <div class="summary-thumbnail img-wrapper" data-animation-role="image"> <!-- Main Image --> <img data-src="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1788193550362-D8HGNXZZVIT2UNTLCKMQ/Article+Photo.jpg" data-image="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1788193550362-D8HGNXZZVIT2UNTLCKMQ/Article+Photo.jpg" data-image-dimensions="1376x768" data-image-focal-point="0.5,0.5" alt="Start the Clock Before You Pick the Portfolio" data-load="false" class="summary-thumbnail-image" elementtiming="summary-thumbnail-image-list" /> </div> </a> <!-- Products: Quick View --> </div> <div class="summary-content sqs-gallery-meta-container" data-animation-role="content"> <div class="summary-metadata-container summary-metadata-container--above-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-10-05">October 5, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class="summary-title"> <a href="/blog/start-the-clock-before-you-pick-the-portfolio" class="summary-title-link"> Start the Clock Before You Pick the Portfolio </a> </div> <div class="summary-metadata-container summary-metadata-container--below-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-10-05">October 5, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class=" summary-excerpt summary-excerpt-only "><p style="white-space:pre-wrap;" data-rte-preserve-empty="true">The years your money spends compounding do more of the work than the rate you earn, and the cost of waiting to start never shows up as a cost. That is exactly why it is so easy to keep waiting.</p></div> <a href="/blog/start-the-clock-before-you-pick-the-portfolio" class="summary-read-more-link">Read more →</a> <div class="summary-metadata-container summary-metadata-container--below-content"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-10-05">October 5, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> </div> </div> <div class=" summary-item positioned summary-item-record-type-text sqs-gallery-design-list-slide summary-item-has-thumbnail summary-item-has-excerpt summary-item-has-author " > <div class="summary-thumbnail-outer-container"> <a href="/blog/why-the-account-that-funds-itself-always-wins" class=" summary-thumbnail-container sqs-gallery-image-container " data-title="Why the Account That Funds Itself Always Wins" data-description="" aria-label="Why the Account That Funds Itself Always Wins" > <div class="summary-thumbnail img-wrapper" data-animation-role="image"> <!-- Main Image --> <img data-src="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1787584167850-TTPX1DZ0Z1JZPO9XK4UD/Article+Photo.png" data-image="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1787584167850-TTPX1DZ0Z1JZPO9XK4UD/Article+Photo.png" data-image-dimensions="1408x768" data-image-focal-point="0.5,0.5" alt="Why the Account That Funds Itself Always Wins" data-load="false" class="summary-thumbnail-image" elementtiming="summary-thumbnail-image-list" /> </div> </a> <!-- Products: Quick View --> </div> <div class="summary-content sqs-gallery-meta-container" data-animation-role="content"> <div class="summary-metadata-container summary-metadata-container--above-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-28">September 28, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class="summary-title"> <a href="/blog/why-the-account-that-funds-itself-always-wins" class="summary-title-link"> Why the Account That Funds Itself Always Wins </a> </div> <div class="summary-metadata-container summary-metadata-container--below-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-28">September 28, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class=" summary-excerpt summary-excerpt-only "><p style="white-space:pre-wrap;" data-rte-preserve-empty="true">The goal that comes out of your paycheck automatically will always beat the goals that wait for you to decide. Funding order is not a ranking of importance. It is a ranking of what got automated.</p></div> <a href="/blog/why-the-account-that-funds-itself-always-wins" class="summary-read-more-link">Read more →</a> <div class="summary-metadata-container summary-metadata-container--below-content"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-28">September 28, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> </div> </div> <div class=" summary-item positioned summary-item-record-type-text sqs-gallery-design-list-slide summary-item-has-thumbnail summary-item-has-excerpt summary-item-has-author " > <div class="summary-thumbnail-outer-container"> <a href="/blog/some-money-only-moves-on-the-way-out" class=" summary-thumbnail-container sqs-gallery-image-container " data-title="Some Money Only Moves on the Way Out" data-description="" aria-label="Some Money Only Moves on the Way Out" > <div class="summary-thumbnail img-wrapper" data-animation-role="image"> <!-- Main Image --> <img data-src="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1787583572866-LKLY5UD1N6ASJ0069JXQ/Article+Photo.png" data-image="https://images.squarespace-cdn.com/content/v1/654fc246aba94f2bc8f1413e/1787583572866-LKLY5UD1N6ASJ0069JXQ/Article+Photo.png" data-image-dimensions="1408x768" data-image-focal-point="0.5,0.5" alt="Some Money Only Moves on the Way Out" data-load="false" class="summary-thumbnail-image" elementtiming="summary-thumbnail-image-list" /> </div> </a> <!-- Products: Quick View --> </div> <div class="summary-content sqs-gallery-meta-container" data-animation-role="content"> <div class="summary-metadata-container summary-metadata-container--above-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-21">September 21, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class="summary-title"> <a href="/blog/some-money-only-moves-on-the-way-out" class="summary-title-link"> Some Money Only Moves on the Way Out </a> </div> <div class="summary-metadata-container summary-metadata-container--below-title"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-21">September 21, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> <div class=" summary-excerpt summary-excerpt-only "><p style="white-space:pre-wrap;" data-rte-preserve-empty="true">A job change forces the whole balance sheet to be handled at once, on a deadline, by someone also managing an emotional decision. The pieces that hurt are the ones with clocks attached: unvested equity, deferred comp payouts, and a rushed rollover.</p></div> <a href="/blog/some-money-only-moves-on-the-way-out" class="summary-read-more-link">Read more →</a> <div class="summary-metadata-container summary-metadata-container--below-content"> <div class="summary-metadata summary-metadata--primary"> <!-- Timestamp --> <time class="summary-metadata-item summary-metadata-item--date" datetime="2026-09-21">September 21, 2026</time> </div> <div class="summary-metadata summary-metadata--secondary"> </div> </div> </div> </div> </div> </div> </div> <style> #block-793eb56907c0b640cf57 { --summary-title-font-size: 20px; --summary-excerpt-font-size: 14px; --summary-text-align: left; --summary-list-image-float: left; --summary-list-thumbnail-padding-left: 0; --summary-list-thumbnail-padding-right: 20px; --summary-list-qv-padding-left: 0; --summary-list-qv-padding-right: 20px; --summary-list-product-mark-left: 0; --summary-list-product-mark-right: auto; --summary-meta-above-display: none; --summary-meta-below-title-display: none; --summary-meta-below-content-display: block; --summary-show-title: block; --summary-show-thumbnail: block; --summary-show-excerpt: block; --summary-show-excerpt-clamped: -webkit-box; --summary-content-spacing: 10px; --summary-show-price: block; --summary-show-read-more-link: none; } </style> <style id="container-styles">#block-793eb56907c0b640cf57 { --stroke-style: none;--stroke-thickness: 6px; } #block-793eb56907c0b640cf57 .summary-block-wrapper { --tweak-summary-block-padding: 6% 6% 6% 6%; --tweak-summary-block-padding: initial; } #block-793eb56907c0b640cf57 { mix-blend-mode: var(--tweak-summary-block-blend); border-radius: var(--tweak-summary-block-radius); } #block-793eb56907c0b640cf57 { --tweak-summary-block-radius: 0px 0px 0px 0px; } #block-793eb56907c0b640cf57 { } </style> </div></div></div><div class="col sqs-col-5 span-5"><div class="sqs-block website-component-block sqs-block-website-component sqs-block-html html-block" data-block-css="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.styles.css"]" data-block-scripts="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.visitor.js"]" data-block-type="1337" data-definition-name="website.components.html" data-sqsp-block="text" data-website-component-id="e28a4160c6c3821ea9bc" id="block-e28a4160c6c3821ea9bc"><div class="sqs-block-content"><div class="sqs-text-block-container"> <div class="sqs-html-content" data-sqsp-text-block-content><h4 style="white-space:pre-wrap;" data-rte-preserve-empty="true">1 Big Idea to Think About</h4><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Patience answers how long you hold something. It says nothing about how much of it you own. With vesting equity, holding is not standing still; it is adding to the same position every quarter.</p></li></ul><h4 style="white-space:pre-wrap;" data-rte-preserve-empty="true">1 Way You Can Apply This</h4><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;" data-rte-preserve-empty="true">Pull up your most recent vest confirmation, divide the shares withheld for taxes by the total shares vested, and write that percentage next to your marginal tax bracket.</p></li></ul><h4 style="white-space:pre-wrap;" data-rte-preserve-empty="true">1 Question to Ask</h4><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;" data-rte-preserve-empty="true">If my salary, my health coverage, and my largest single holding all came from the same company, would I have built it that way on purpose?</p></li></ul><h4 style="white-space:pre-wrap;" data-rte-preserve-empty="true"><strong>Resources Featured in This Episode:</strong></h4><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true"><a href="https://www.tammacapital.com/podcast/ep-187-paul-fenner-your-holding-period-matters-most">Your Holding Period Matters Most </a> </p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true"><a href="https://www.tammacapital.com/blog/understanding-the-big-beautiful-bill-tax-changes-that-impact-families-balancing-careers-and-kids">Understanding the "Big Beautiful Bill": Tax Changes That Impact Families Balancing Careers and Kids </a> </p><p class="MsoNormal" style="white-space:pre-wrap;" data-rte-preserve-empty="true"><a href="https://www.tammacapital.com/blog/staying-the-course-how-long-term-investing-builds-wealth-through-market-cycles">Staying the Course: How Long-Term Investing Builds Wealth Through Market Cycles </a> </p></div> <style id="container-styles">#block-e28a4160c6c3821ea9bc { --stroke-style: none;--stroke-thickness: 6px; } #block-e28a4160c6c3821ea9bc .sqs-html-content { --tweak-text-block-padding: 6% 6% 6% 6%; --tweak-text-block-padding: initial; } #block-e28a4160c6c3821ea9bc { mix-blend-mode: var(--tweak-text-block-blend ); border-radius: var(--tweak-text-block-radius); } #block-e28a4160c6c3821ea9bc { --tweak-text-block-radius: 0px 0px 0px 0px; } #block-e28a4160c6c3821ea9bc { } </style> <style id="override-container-styles"> @media screen and (max-width: 767px) { #block-e28a4160c6c3821ea9bc { } } @media screen and (max-width: 767px) { #block-e28a4160c6c3821ea9bc .sqs-html-content { } } @media screen and (max-width: 767px) { }</style> <style class="transform-overrides-vars"> </style> </div> </div></div></div></div></div></div></div></div> <div class="blog-item-author-profile-wrapper" data-content-field="author"> <a href="/podcast?author=6568d8a4109e221f9097c768"> <span class="author-name">Paul Fenner</span> </a> </div> </div> <section class="blog-item-comments"> <div class="blog-item-comments-toggle-wrapper"> <div id="blogItemCommentsContent" class="blog-item-comments-content" data-content-field="comments"> </div> </div> </section> </div> </article> </div> </div> </div> </section> </article> <section id="itemPagination" class="item-pagination item-pagination--prev-next" data-collection-type="blog-side-by-side" > <a href="/podcast/accumulation-was-the-easy-part" class="item-pagination-link item-pagination-link--prev"> <div class="item-pagination-icon icon icon--stroke"> <svg class="caret-left-icon--small" viewBox="0 0 9 16"> <polyline fill="none" stroke-miterlimit="10" points="7.3,14.7 2.5,8 7.3,1.2"/> </svg> </div> <span class="pagination-title-wrapper"> <div class="visually-hidden">Previous</div> <div class="item-pagination-prev-next">Previous</div> <h2 class="item-pagination-title">Accumulation Was the Easy Part</h2> </span> </a> <a href="/podcast/when-selling-means-admitting-you-were-wrong" class="item-pagination-link item-pagination-link--next"> <div class="pagination-title-wrapper"> <div class="visually-hidden">Next</div> <div class="item-pagination-prev-next">Next</div> <h2 class="item-pagination-title">When Selling Means Admitting You Were Wrong</h2> </div> <div class="item-pagination-icon icon icon--stroke"> <svg class="caret-right-icon--small" viewBox="0 0 9 16"> <polyline fill="none" stroke-miterlimit="10" points="1.6,1.2 6.5,7.9 1.6,14.7"/> </svg> </div> </a> </section> </main> <footer class="sections" id="footer-sections" data-footer-sections> <section data-test="page-section" data-section-theme="dark" class='page-section full-bleed-section layout-engine-section background-width--full-bleed section-height--custom content-width--wide horizontal-alignment--center vertical-alignment--middle dark' data-section-id="654fc246aba94f2bc8f14169" data-controller="SectionWrapperController" data-current-styles="{ "imageOverlayOpacity": 0.15, "backgroundWidth": "background-width--full-bleed", "sectionHeight": "section-height--custom", "customSectionHeight": 10, "horizontalAlignment": "horizontal-alignment--center", "verticalAlignment": "vertical-alignment--middle", "contentWidth": "content-width--wide", "customContentWidth": 50, "sectionTheme": "dark", "sectionAnimation": "none", "backgroundMode": "image" }" data-current-context="{ "video": { "playbackSpeed": 0.5, "filter": 1, "filterStrength": 0, "zoom": 0, "videoSourceProvider": "none" }, "backgroundImageId": null, "backgroundMediaEffect": { "type": "none" }, "divider": { "enabled": false }, "typeName": "blog-side-by-side" }" data-animation="none" data-fluid-engine-section style="min-height: 10vh;" data-sqsp-section="fluid-engine" > <div class="section-border" > <div class="section-background"> </div> </div> <div class='content-wrapper' style=' padding-top: calc(10vmax / 10); 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border-radius: var(--si-border-radius, 0); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-svg-icon--wrapper > div { transform: scale(var(--si-scale, 1)); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-use--icon { fill: var(--si-fill-icon, transparent); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-use--mask { fill: var(--si-fill-mask, transparent); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-svg-icon--list:hover .sqs-svg-icon--wrapper { background-color: var(--si-bg-fade, var(--si-bg, transparent)); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-svg-icon--list:hover .sqs-svg-icon--wrapper .sqs-use--icon { fill: var(--si-fill-icon-fade, var(--si-fill-icon, transparent)); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-svg-icon--list:hover .sqs-svg-icon--wrapper .sqs-use--mask { fill: var(--si-fill-mask-fade, var(--si-fill-mask, transparent)); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-svg-icon--list:hover .sqs-svg-icon--wrapper:hover { background-color: var(--si-bg-hover, var(--si-bg, transparent)); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-svg-icon--list:hover .sqs-svg-icon--wrapper:hover .sqs-use--icon { fill: var(--si-fill-icon-hover, var(--si-fill-icon, transparent)); } #block-yui_3_17_2_1_1699814140419_180848 .sqs-svg-icon--list:hover .sqs-svg-icon--wrapper:hover .sqs-use--mask { fill: var(--si-fill-mask-hover, var(--si-fill-mask, transparent)); } </style> <nav class="sqs-svg-icon--list"> <a href="http://www.linkedin.com/in/paulfennercfp" target="_blank" class="sqs-svg-icon--wrapper linkedin-unauth" aria-label="LinkedIn" > <div> <svg class="sqs-svg-icon--social" viewBox="0 0 64 64"> <use class="sqs-use--icon" xlink:href="/universal/svg/social-accounts.svg#linkedin-unauth-icon"></use> <use class="sqs-use--mask" xlink:href="/universal/svg/social-accounts.svg#linkedin-unauth-mask"></use> </svg> </div> </a> <a href="https://www.youtube.com/channel/UCqSJ5dv4xnw0y8OG2rr-wBQ/videos" target="_blank" class="sqs-svg-icon--wrapper youtube-unauth" aria-label="YouTube" > <div> <svg class="sqs-svg-icon--social" viewBox="0 0 64 64"> <use class="sqs-use--icon" xlink:href="/universal/svg/social-accounts.svg#youtube-unauth-icon"></use> <use class="sqs-use--mask" xlink:href="/universal/svg/social-accounts.svg#youtube-unauth-mask"></use> </svg> </div> </a> </nav> </div> <style id="container-styles">#block-yui_3_17_2_1_1699814140419_180848 { } #block-yui_3_17_2_1_1699814140419_180848 .sqs-block-socialaccountlinks-content { --tweak-social-links-block-padding: initial; } .fe-block-yui_3_17_2_1_1699814140419_180848 { mix-blend-mode: var(--tweak-social-links-block-blend); border-radius: var(--tweak-social-links-block-radius); } .fe-block-yui_3_17_2_1_1699814140419_180848 { } </style> <style id="override-container-styles"> @media screen and (max-width: 767px) { #block-yui_3_17_2_1_1699814140419_180848 { } } @media screen and (max-width: 767px) { #block-yui_3_17_2_1_1699814140419_180848 .sqs-block-socialaccountlinks-content { } } @media screen and (max-width: 767px) { }</style> <style class="transform-overrides-vars"> </style> </div> </div></div></div><div class="fe-block fe-block-d8005d71a4ad7fd2b9f1"><div class="sqs-block website-component-block sqs-block-website-component sqs-block-html html-block" data-block-css="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.styles.css"]" data-block-scripts="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.visitor.js"]" data-block-type="1337" data-definition-name="website.components.html" data-sqsp-block="text" data-website-component-id="d8005d71a4ad7fd2b9f1" id="block-d8005d71a4ad7fd2b9f1"><div class="sqs-block-content"><div class="sqs-text-block-container"> <div class="sqs-html-content" data-sqsp-text-block-content><p class="sqsrte-small" style="white-space:pre-wrap;">Contact</p><p class="sqsrte-small" style="white-space:pre-wrap;">Email: <a href="mailto:pfenner@tammacapital.com">pfenner@tammacapital.com</a></p><p class="sqsrte-small" style="white-space:pre-wrap;">Phone: (248) 290-9890</p><p class="sqsrte-small" style="white-space:pre-wrap;">Address: 6054 Strawberry Cir, Commerce Charter Twp, MI 48382</p><p class="sqsrte-small" style="white-space:pre-wrap;">© 2023 TAMMA Capital, LLC. | Personalized Investing for Your Future</p></div> <style id="container-styles">#block-d8005d71a4ad7fd2b9f1 { } #block-d8005d71a4ad7fd2b9f1 .sqs-html-content { --tweak-text-block-padding: 6% 6% 6% 6%; --tweak-text-block-padding: initial; } .fe-block-d8005d71a4ad7fd2b9f1 { mix-blend-mode: var(--tweak-text-block-blend ); border-radius: var(--tweak-text-block-radius); } .fe-block-d8005d71a4ad7fd2b9f1 { --tweak-text-block-radius: 0px 0px 0px 0px; } .fe-block-d8005d71a4ad7fd2b9f1 { } </style> <style id="override-container-styles"> @media screen and (max-width: 767px) { #block-d8005d71a4ad7fd2b9f1 { } } @media screen and (max-width: 767px) { #block-d8005d71a4ad7fd2b9f1 .sqs-html-content { } } @media screen and (max-width: 767px) { }</style> <style class="transform-overrides-vars"> </style> </div> </div></div></div><div class="fe-block fe-block-dc7d0abe6d72615dafa0"><div class="sqs-block website-component-block sqs-block-website-component sqs-block-html html-block" data-block-css="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.styles.css"]" data-block-scripts="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.html/c523a842-f109-4965-9b18-767876bf5696_961/website.components.html.visitor.js"]" data-block-type="1337" data-definition-name="website.components.html" data-sqsp-block="text" data-website-component-id="dc7d0abe6d72615dafa0" id="block-dc7d0abe6d72615dafa0"><div class="sqs-block-content"><div class="sqs-text-block-container"> <div class="sqs-html-content" data-sqsp-text-block-content><p class="sqsrte-small" data-rte-preserve-empty="true" style="white-space:pre-wrap;"></p><p style="text-align:right;white-space:pre-wrap;" class="sqsrte-small" data-rte-preserve-empty="true"></p><p style="text-align:right;white-space:pre-wrap;" class="sqsrte-small"><a href="/s/TAMMA-Form-ADV-Part-2A_11-01-2017.pdf" target="_blank">ADV</a></p><p style="text-align:right;white-space:pre-wrap;" class="sqsrte-small"><a href="/privacy-policy" target="_blank">Privacy Policy</a></p><p style="text-align:right;white-space:pre-wrap;" class="sqsrte-small"><a href="/terms-of-service">Terms of Service</a></p></div> <style id="container-styles">#block-dc7d0abe6d72615dafa0 { } #block-dc7d0abe6d72615dafa0 .sqs-html-content { --tweak-text-block-padding: 6% 6% 6% 6%; --tweak-text-block-padding: initial; } .fe-block-dc7d0abe6d72615dafa0 { mix-blend-mode: var(--tweak-text-block-blend ); border-radius: var(--tweak-text-block-radius); } .fe-block-dc7d0abe6d72615dafa0 { --tweak-text-block-radius: 0px 0px 0px 0px; } .fe-block-dc7d0abe6d72615dafa0 { } </style> <style id="override-container-styles"> @media screen and (max-width: 767px) { #block-dc7d0abe6d72615dafa0 { } } @media screen and (max-width: 767px) { #block-dc7d0abe6d72615dafa0 .sqs-html-content { } } @media screen and (max-width: 767px) { }</style> <style class="transform-overrides-vars"> </style> </div> </div></div></div><div class="fe-block fe-block-yui_3_17_2_1_1702567670106_19381"><div class="sqs-block website-component-block sqs-block-website-component sqs-block-search" data-block-css="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.search/312e5dc3-7a1f-4dae-b6fa-faad60faaaee_670/website.components.search.styles.css"]" data-block-scripts="["https://definitions.sqspcdn.com/website-component-definition/static-assets/website.components.search/312e5dc3-7a1f-4dae-b6fa-faad60faaaee_670/website.components.search.visitor.js"]" data-block-type="1337" data-definition-name="website.components.search" data-sqsp-block="search" data-website-component-id="yui_3_17_2_1_1702567670106_19381" id="block-yui_3_17_2_1_1702567670106_19381"><div class="sqs-block-content"> <div class="sqs-search-wrapper" component-data-strings="{"inputLabel":"Search","noCollectionSelected":"You must select a collection to search on","noResults":"No results found"}" > <div class="sqs-search-ui-text-input sqs-search-ui-button-wrapper color-light" data-source="block" data-preview="true" data-collection="" data-collectionfilter="false" > <div class="spinner-wrapper hide"> <div class="sqs-spin dark default"> <div class="sqs-spin-content"></div> </div> </div> <input type="search" class="search-input" value="" placeholder="Search" aria-label="Search" /> </div> <style id="sqs-search-preview-styles"> .sqs-search-preview-ui { position: absolute; z-index: 999999; background-color: #fff; width: 100%; } .sqs-search-preview-ui.hide { display: none; } .sqs-search-preview-ui .sqs-search-ui-result { border-top: none; border: 1px solid #ddd; } .sqs-search-preview-ui .search-result-notice { background-color: #fff; font-weight: 200; font-size: 12px; padding: 6px 12px; color: #333; } .sqs-search-preview-ui .search-result-notice.hide { display: none; } .sqs-search-preview-ui .sqs-search-ui-list { max-height: 500px; overflow-x: hidden; overflow-y: scroll; } .sqs-search-preview-ui .search-result { padding: 16px; cursor: pointer; border-bottom: 1px solid #ddd; transition: background-color .2s ease-out; } .sqs-search-preview-ui .search-result:last-child { border-bottom: none; } .sqs-search-preview-ui .search-result.selected, .sqs-search-preview-ui .search-result:hover { background-color: #f5f5f5; } .sqs-search-preview-ui .search-result.selected { outline-color: #333; } .sqs-search-preview-ui .sqs-search-ui-item { border-top: none; } .sqs-search-preview-ui .sqs-search-ui-item em { color: #222; 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