After a rocky start in 2020 with the markets hitting their low point in March due largely to the economic disruption of the pandemic, 2020 ended with solid returns in many major stock indexes. The S&P 500 ended the year up 18.4% for the year, the Dow Jones Industrial Average gained 7.3% for the year […]
We are in the midst of the greatest intergenerational transfer of wealth in history. Financial services research firm Cerulli Associates estimates that nearly 45 million U.S. households will transfer over $68 trillion in wealth over the next 25 years. If you are the recipient of an inheritance, how should you adjust your financial plan? Our […]
We read a lot about the importance of saving and investing for our retirement throughout our working careers. This is critical and we encourage our clients to save as much as possible and advise them on how to invest for retirement. What doesn’t always receive as much emphasis is the importance of pre-retirement planning, specifically […]
The financial services industry has a bad habit of using terms that can seem vague and confusing to clients. There is probably no place where this confusion is greater than how an advisor is compensated. Additionally, the term fiduciary is tossed around by the media quite a bit. However many investors don’t fully understand what […]
If you recently received a letter offering you a lump sum distribution or an annuity from a former pension plan, you may be trying to weigh your best options. Your former employer can inform you of the choices available to you, but they are not able to offer guidance about what choice will be best […]
For investors, there are two key metrics, risk and return. Return is the reward for investing. Investment returns are what fuel the attainment of financial goals such as retirement and funding your children’s education. Managing your portfolio’s investment risks is a key factor in achieving the types of long-term returns you are seeking. What is […]
As the situation with coronavirus (COVID-19) continues to develop, our team is ready and standing by to help our clients. We are taking multiple steps to minimize health risks to our staff and our clients. Masks are required upon entry into our office building Limiting face to face meetings. We are limiting face to face […]
Everyone wants to save money on their taxes, but we firmly believe that tax considerations should not drive your investment decisions. That said, we work with our clients to invest as tax-efficiently as possible within the confines of their investment strategy. Here are some thoughts on ways to invest tax-efficiently. Taxes and investing There are […]
As 2020 comes to an end here are some last minute tax planning strategies to be aware of... Charitable Giving The CARES Act allows for an additional $300 charitable deduction for 2020. This will be available to all filers, regardless if you itemize your deductions or not. Those who have not done so should consider donating […]
In recent years a shift away from company sponsored Pension Plans has increased the emphasis of saving to 401K account. This trend makes 401K plan funding a vital piece of retirement planning. When reviewing your retirement scenario, it is also wise to consider how funding an HSA account can provide an added layer of retirement […]
