Blog

What’s on our mind? You can read about it in our blog. Whether it’s financial ideas or ideas we think can help, you can read about it here. And once in a while, we may throw in a book review, a health tip or some other surprise. So keep checking in. We are grateful to have you reading along.

Tuesday, March 30, 2021

Tips for Making the Most of Your Inheritance Baby boomers in the U.S. are set to bequeath $68 trillion in wealth by 2043, as part of the Great Wealth Transfer. Much of that will be left to Generation X and millennial heirs. If you...

Tuesday, March 30, 2021

Preparing Teens for Financial Adulthood Learning how to properly manage money is a crucial life skill that can take years to develop. For teens who may be earning an income for the first time, there can be a steep learning curve when...

Thursday, March 4, 2021

When it comes to financial planning, women are likely to face different challenges than men. For one, they earn less than men on average, and they’re more likely to work part-time jobs or take time away from their careers to...

Thursday, March 4, 2021

When you’re in a traffic jam on the highway, you may find yourself trying to merge into whichever lane is moving fastest at the moment, only to find yourself falling behind drivers that stayed in one lane the whole time. In the...

Monday, February 8, 2021

How to compare plans based on your specific needs The basic premise behind life insurance is simple: You pay premiums to an insurance company, which then pays your beneficiaries a certain amount after you die. But not all life...

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Monday, February 8, 2021

Reducing your tax burden can help you manage your wealth and free up money to meet your financial goals and build your legacy. But tax rules are complicated, and you may need help understanding all the methods you can use to minimize...

Wednesday, January 6, 2021

Tax Tips for Charitable Donations Charitable giving is a great way to support the causes you care about while also getting a tax break. In 2020, Congress passed the Coronavirus Aid Relief and Economic Security (CARES) Act, which...

Wednesday, January 6, 2021

4 Smart Money Moves for 2021 With the new year in full swing, it’s a great time to take stock of your personal finances. From building a budget and saving for retirement to getting a jump on this year’s taxes, here are some...

Wednesday, December 23, 2020

Protect Your Loved Ones. Why Beneficiary Planning is so important. Did you know that beneficiary forms trump your will? Even if you have completed a will, if the beneficiary form takes precedence and is followed even if it counters...

Wednesday, December 16, 2020

Pension vs. 401k: 5 Ways they are Different How can you plan for retirement if you don’t understand your retirement plan at work? As pension plans have been shut down over the last few decades 401ks have taken their place as one...

Tuesday, November 24, 2020

Understanding Your Retirement Income Plan Manage cash flow in retirement with multiple income streams When you retire, you get to bid farewell to the working world. That’s the good news. The bad news? You’ll no longer have...

Tuesday, November 24, 2020

Creating a Successful Business Succession Plan An exit strategy helps business owners ensure the long-term success of their company A good succession plan creates a blueprint for ownership transfer as you exit your business. It helps...

Tuesday, November 17, 2020

Do you know that there is a way to contribute to a Roth IRA even if you make too much money? What is a Roth IRA? A Roth IRA is an Individual Retirement Account that allows you to contribute after-tax dollars into a savings or...

Tuesday, November 17, 2020

What do 7 out of the top 10 richest Americans have in common? Their wealth came from ownership of their company’s stock. Great fortunes have been made (and lost) by owning concentrated stock positions your company’s stock....

Tuesday, November 10, 2020

Over 50 years ago, Vince Lombardi coached his last football game. Lombardi is universally recognized as one of the greatest coaches in football history, as well as a pioneering figure who helped break the sport’s color barrier....

Thursday, October 29, 2020

The one word that all pre-retirees should prepare and consider is Inflation. Ronald Reagan said, “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” Inflation is a scary term...

Monday, October 26, 2020

The Importance of Long-Term Care Planning Long-term care coverage can fill in the gaps other health care insurance leaves behind. Long-term care insurance helps cover the cost of assistance with daily living tasks, including bathing,...

Monday, October 26, 2020

How to Make a Wealth-Transfer Plan A well-designed plan protects your wishes and helps avoid conflict among your heirs. A wealth transfer plan guides the movement of your assets from your estate to your beneficiaries. Baby boomers are...

Friday, September 25, 2020

What You Need to Know About Investing During an Election Elections can move the market, but that doesn’t mean you should change your approach Like any big news event, U.S. presidential elections can cause ripples and even waves...

Friday, September 25, 2020

Preparing for Healthcare Costs in Retirement For many Americans, navigating the maze of health insurance options—from employer-based plans to individual policies—can be dizzying. Much of that changes at 65. That’s...

Wednesday, September 23, 2020

So, here’s the million dollar question… are you ready to retire? Following are six tasks you’ll need to complete in order to confidently answer this question. With so many variables to consider, ensuring you’re...

Monday, September 14, 2020

The Most Valuable Gifts Cost Next to Nothing I think that I love giving gifts more than getting gifts. Isn’t it great when you see someone open a gift that they really like—the smile that lights up their face and makes your...

Friday, September 4, 2020

What do you miss most from pre-COVID times? For me it is definitely hugs. The way that I was brought up, we didn’t really hug other people. We mostly kept our hands to ourselves, but when I went to college in the Bronx at Fordham...

Wednesday, August 19, 2020

“Self-worth takes you further than net worth.”—Matshona Dhliwayo In the last email we reviewed your ongoing financial health in conjunction with cash flow. Another way to take stock of your finances is to calculate...

Monday, August 3, 2020

Five Rules of Long-Term Investing These best practices can help you stay invested during the market’s ups and down The COVID-19 pandemic helped put an end to the longest bull market in history. The stock market plunged, and many...

Monday, August 3, 2020

How to Protect Yourself From Identity Theft Online banking and electronic payment options offer consumers unprecedented access to their financial accounts. Yet, this convenience comes at a price—a greater risk of identity theft....

Thursday, July 9, 2020

How to Budget and Get a Handle on Your Expenses. “We must consult our means rather than our wishes.”—George Washington. Money is a tool that we use to get things that we want and to live a certain way. It is often...

Thursday, July 9, 2020

Financial Procrastination Takes its TollBy Margaret O’Meara, CFP®, AIFA® William Shakespeare, as everyone knows, is the most famous playwright in history. His plays have been translated into every major living language,...

Wednesday, July 1, 2020

As per the IRS, the employer is responsible for keeping their plan in compliance. This checklist can help you to that end.

Tuesday, June 23, 2020

“Setting goals is the first step in turning the invisible into the visible.” ---Tony Robbins We spend so much time caring for others that it is good to take time to focus on what we want and to build the life that we...

Thursday, June 4, 2020

“We can’t tell where we are going until we understand where we’ve been,” President Franklin Roosevelt reportedly said this to an aide when discussing economic policy during the height of the depression. As our...

Thursday, May 21, 2020

We’ve seen the headlines. We’ve looked at the statistics. We’ve heard the stories. The coronavirus has not only battered the markets, it’s changed the way we live and work. While it may not be as dramatic as,...

Tuesday, May 12, 2020

10 Best Practices for Retirement Plan Sponsors 1. Determine the Business’s Goals for the plan The Companies and Private Schools that we work with have very generous plans for their staff. We find that reviewing the objectives and...

Monday, May 4, 2020

As we face unusual challenges this year, I thought it would be good to focus on someone who achieved his goals despite facing enormous odds. For most people, Stephen Hawking is the only living physicist they can name. He is well-known...

Friday, April 24, 2020

“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, reach for a bucket.” —Warren Buffett In the battle with COVID-19 rages on, and the...

Friday, April 17, 2020

What new habits are you developing? During the first week of COVID-19 lockdown, I found myself eating too much, sleeping later than normal and watching too much TV. My...

Friday, April 3, 2020

As our new “normal” has been shaken, at times you may be feeling disoriented, fearful and anxious—I know that I have. The coronavirus has impacted the global economy unlike anything we have seen in the past. The...

Thursday, April 2, 2020

When I re-read The Optimist Creed, it helped me during these uncertain and difficult times, and I hope it does the same for you. The Optimist CreedPromise Yourself—To be so strong that nothing can disturb your peace of mind.To...

Friday, March 20, 2020

“In the business world, the rearview mirror is always clearer than the windshield.” --Warren BuffettOur everyday lives have changed dramatically over the last few weeks as everyone works together to minimize the impact of...

Tuesday, March 3, 2020

“The stock market takes an escalator up, and an elevator down.” Classic Wall Street Saying The last week has sure felt like taking an express elevator down, as the end of February brought a historic stock market sell-off,...

Tuesday, February 25, 2020

Cheers to all of my Accredited Investment Fiduciary® and CERTIFIED FINANCIAL PLANNER® colleagues. We celebrate National Fiduciary Day today and every day by putting our client’s interests ahead of our own. What is a...

Friday, June 8, 2018

The baby boomers have re-defined everything they've touched, from music to marriage to parenting and, more lately, to what "old" means—60 is the new 50! Longer, healthier living, however, can put greater stress on the...