Wednesday, 20 May 2020
The first part of 2020 was rocky, but there should be better days ahead. Taking a close look at your finances may give you the foundation you need to begin moving forward. Mid-year is an ideal time to do so, because the planning opportunities are potentially greater than if you waited until the end of the year. Here are some recommendations about what to review at this time.
Monday, 18 May 2020
Our country is in an unprecedented state because of the COVID-19 virus, resulting in hardships for many individuals and families. In response, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides tax and retirement relief to affected individuals. Some provisions apply to everyone; others require certain requirements to be satisfied. Here’s what you need to know about the new legislation.
Tuesday, 12 May 2020
If you’re recently divorced, it’s normal to worry about your financial situation. Settling into a new financial life will take time, but here are some tips that may help.
Thursday, 30 April 2020
For couples with one wage earner, there is often a savings gap between the working and non-working spouse. In many cases, women have lower retirement savings balances than men. Though there may be multiple reasons for this disparity, the most fundamental are the wage gap between men and women and the fact that women are more likely than men to take time off to care for children and other family members.1
A spousal IRA — funded for a spouse who earns little or no income — offers an opportunity to help keep the retirement savings of both spouses on track. It also offers a larger potential tax deduction than a single IRA. A spousal IRA is not necessarily a separate account — it could be the same IRA that the non-working spouse contributed to while working. Rather, the term refers to IRS rules that allow a married couple to fund separate IRA accounts for each spouse based on the couple’s joint income.
Friday, 17 April 2020
Wills and trusts are common documents used in estate planning. While each can help in the distribution of assets at death, there are important differences between the two.
What Is a Will? A last will and testament is a legal document that lets you direct how your property will be dispersed (among other things) when you die. It becomes effective only after your death. It also allows you to name a personal representative (executor) as the legal representative who will carry out your wishes.
What Is a Trust? A trust is a legal relationship in which you, the grantor or trustor, set up a trust, which holds property managed by a trustee for the benefit of another, the beneficiary. A revocable living trust is the type of trust used most often as part of a basic estate plan. "Revocable" means you can make changes to the trust or even revoke it at any time.
A living trust is created while you're living and takes effect immediately. You may transfer title or ownership of assets, such as a house, boat, automobile, jewelry, or investments, to the trust. You can add assets to the trust and remove assets thereafter.
How Do They Compare?
Why investors should view recent market declines as part of the nature of investing
Wednesday, 25 March 2020
Television producer Dave Goetsch reflects on coronavirus and its implications for long-term investors.
The news is full of stories about the coronavirus. It’s scary. My 10-year-old son came home from school today worried about it. We don’t know how many people this will infect, nor how it will impact the world economy. This is exactly the kind of thing that would have freaked me out 20 years ago, spiked my blood pressure, and made me glad that all my money was in cash.
Back then, I would have seen this story as yet another piece of evidence for why I chose not to invest in stocks. Because I couldn’t predict the future. “Why invest when you don’t know what is going to happen tomorrow?” I would ask no one in particular.
Thursday, 19 March 2020 Rich LeBranti
As the stock market continues to be extremely volatile, many participants in their 401(k) or other company sponsored retirement plan are feeling anxious about what to do – or what not to do! History shows that the stock market has been through many volatile periods of ups and downs in the past 100 years. If you have the time and patience to wait out some of the downturns, you are usually rewarded for that patience and discipline.
Friday, 13 March 2020
As we all follow the impact of the coronavirus (COVID 19), your safety and the safety of our team is our top priority. With that said, we have suspended office access and will be working virtually with our team and you moving forward. What does that mean?