Random musings about money, markets, and more.
Tuesday, June 9, 2020
June 9, 2020 Dear Valued Investor: As we look ahead to the summer months, we can’t help but think what a challenging year it’s been so far. At the same time, we’re encouraged by the resiliency and accelerated...
Read MoreDear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial...
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Thursday, April 2, 2020
Updates on Federal Income Taxes and Required Minimum Distributions In Notice 2020-18, the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to...
Read MoreIn this rapidly evolving time, being able to reach clients quickly with information is important. Having your email address helps to speed the efficiency of getting information to you. Please provide your financial advisor with your...
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Tuesday, March 17, 2020
Ever go into a store and see those bins of DVDs or candy all jumbled up with a low price sign? There is a science behind that. By jumbling them up, you want to buy them – they’re on sale! Just like your shopping cart is...
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Monday, March 16, 2020
Our first instinct may be to panic – to rush out and buy everything coming into short supply – if the shelf in the supermarket is emptying, I must need it too!. We want to be as prepared as possible – but will we...
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Thursday, March 12, 2020
Hindsight is 20/20 and without the benefit of that, let’s use a different word: perspective. Perspective is recognizing that while there are periods of decline in the stock market, they do not last forever. Keeping an eye on long...
Read MorePlease note that weekly market and economic commentary from LPL Financial's Research Department can be found on this website under the LPL tab.
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Wednesday, March 11, 2020
Hand sanitizer has gone from just some random hospitality item in our office to clients coming in and exclaiming, “Wow, you have hand sanitizer!” Each cold and flu season we have always cleaned our conference rooms and...
Read MorePlease click on link below to read letter on market volatility from LPL Financial Market Volatility
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Monday, March 9, 2020
At a business networking meeting on Monday, a somewhat wide-eyed and panicked participant asked the financial professional “Why did the stock market close down?!!!” What they meant was, “why was a circuit breaker...
Read Morehttps://youtu.be/hM4CoTu9xy8 Additional resources including weekly market and economic commentary form LPL Research, including the potential effects of the coronavirus, can be found under the LPL tab of this website.
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Monday, February 24, 2020
Grace Claxton: Going for the Gold We are so excited for Grace Claxton as she leaves our Albany office to pursue her track and field excellence on her path toward the 2020 Olympics representing Puerto Rico. Not only is Grace a truly...
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Wednesday, February 12, 2020
Valentine Gifts That Truly Show You CareHow many of you have been putting off getting a will, a health care proxy, a living will, and other documents from an attorney? Obtaining life, disability, or long-term care insurance from an...
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Tuesday, February 11, 2020
Have You Had “The Talk” with Your Kids? Like sex, religion, and politics, it used to be that talking about money was taboo (learn about it on the street like any other self-respecting person!) Unfortunately, this might have...
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Wednesday, February 5, 2020
Education, Conversation, Motivation Living longer, obtaining higher education degrees and assuming more educational debt, taking time out to care for children or aged parents, becoming widowed, earning less in their chosen professional...
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Wednesday, February 5, 2020
Not Having Kids or a Spouse/Partner Does Not Mean Legacy Planning Doesn’t Matter As birth rates continue to decline, it is possible that more investors may not have children or other dependents to support. This does not mean that...
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Wednesday, February 5, 2020
Supporting Your Children May Not End at College Graduation and Other “What Ifs” It is becoming common to hear of adult children in their 20s and 30s still living in their parents’ homes. On the other end of the...
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Thursday, January 30, 2020
Thinking of retiring before age 59 ½? Investors may be familiar with the 10% tax penalty that comes with retirement account withdrawals before age 59 ½. However, I am finding that some are not familiar with the Rule of 55...
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Monday, January 27, 2020
Everyone arrives at a meeting/conversation with their own baggage packed with beliefs, biases, and experiences. Wouldn’t it be great if cartoon thought bubbles appeared to help us decipher what someone was thinking? Unfortunately...
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Tuesday, January 7, 2020
Planning, Accountability, Discipline: What Sets Resolutions Apart My gym is packed as lots of people made resolutions to get in shape this year. As I have seen in the past, the gym will empty out in February and March as life gets in...
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Monday, December 9, 2019
2020 Vision for Your Finances: Are You Seeking to Reach New Places with Old Road Maps? Planning for the New Year/decade is essential. You likely have goals for your work, family, health - but what about your finances? Money is a tool...
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Friday, December 6, 2019
It May Soon Be Easier to Pay for Long Term Care Insurance Congress is currently discussing a potential bill which would enable investors to withdraw up to $2,000 per year tax-free in order to pay for long term care insurance premiums....
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Thursday, December 5, 2019
Why am I Getting Taxed on Capital Gains in my Mutual Funds in Non-Taxable Accounts? If a mutual fund manager sells a position within the fund to make an investment change, and the price has increased since the investment was purchased,...
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Tuesday, December 3, 2019
Giving Tuesday December 3 With Black Friday beginning on Thanksgiving, and Cyber Monday coinciding with a major snowstorm, chances are you may have made a purchase (or two or three) in the past week. Tuesday, December 3 is a national...
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Monday, November 25, 2019
What is Financial Gratitude? Financial gratitude is very personal. For some, it may be the ability to sleep at night knowing that their current obligations are met. For others, it might be the ability to help make the world a better...
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Monday, November 25, 2019
Over 60? Things May Move Fast! For investors 60+, things may move quickly. Investment objectives and time horizons may change rapidly as one transitions to retirement and to reliance upon different income streams. Throw in some...
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Monday, November 18, 2019
“After the Holidays” is Not Necessarily Best for Your Finances This time of year is a popular time for putting things off. “After the holidays, I will make an appointment.” “After the holidays, I’ll...
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Wednesday, November 13, 2019
World Kindness Day - November 13 You never know what other people are going through, so just be kind. I know someone who practices random acts of kindness and they inspire me. They’ll see a first responder in line buying coffee...
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Thursday, November 7, 2019
November is Entrepreneurship Month - Congratulations! Going out on your own can be tough. Access to capital, long hours, and inherent risks can be trying. And yet, there might be outstanding rewards: the potential for higher earnings,...
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Wednesday, November 6, 2019
“I Don’t Like Saving - It Affects My Lifestyle Too Much” What are some ways to potentially improve cash flow without changing lifestyles too much? Well, there are some things that might be done with a little planning...
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Monday, November 4, 2019
We all likely know someone who is retiring. No matter their age, their retirement might make one wonder if they can retire, too. Well, it depends on many factors - perhaps, most importantly: ”How much money do you have and from...
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Thursday, October 31, 2019
November is Military Family Month - THANK YOU! We cannot even begin to pay gratitude to the members of our armed services, whether active duty, reserve, National Guard, or our veterans. We also recognize and are humbled by the many...
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Tuesday, October 29, 2019
“Divorcing? But they’ve been married 30 years!” How often have you heard of couples divorcing after many years of marriage? It’s not as unusual as one might think; you may likely know someone. When nests empty...
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Wednesday, October 23, 2019
Looking for Mr. Goodbar? We always put a large jack-o-lantern glass jar in our reception area in October and fill it with all sorts of miniature candy bars. Clients and guests have told us how much they love finding their favorites....
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Monday, October 21, 2019
When Was the Last Time You Reviewed Your Beneficiaries? I put out this periodic reminder because it’s important. Are you accidentally leaving your assets to an ex-spouse? To someone who is deceased? To someone you no longer wish...
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Thursday, October 17, 2019
Diet COLA for Social Security in 2020? The cost of living adjustment for Social Security in 2020 will be 1.6%, as compared to the 2.8% adjustment in 2019 and is the lowest amount since 2017. The 1.6% COLA will begin in January 2020,...
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Thursday, October 17, 2019
Do I Have to Spend my RMD? While the IRS requires investors age 70 ½ and over to take a Required Minimum Distribution (RMD) from tax-deferred retirement plans each year, some investors do not need this money. Investors are able...
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Thursday, October 17, 2019
When Was the Last Time You Reviewed Your Beneficiaries? I put out this periodic reminder because it’s important. Are you accidentally leaving your assets to an ex-spouse? To someone who is deceased? To someone you no longer wish...
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Wednesday, October 16, 2019
No Will? No Say! A will is an important legal document which can help to ensure the division of your assets in accordance with your wishes. It is important in relationships not bound legally, such a domestic partners. Dying without a...
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Wednesday, October 9, 2019
Do You Know Your Limits? By limits, I am talking about financial limits. How much can you save toward retirement in a Traditional or Roth IRA? What about in a 401(k)? Can you save more if you are age 50+? What is the gift exclusion?...
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Wednesday, October 9, 2019
I overhead a conversation about helping not-for-profits. Someone said they did not have a lot of extra money and they felt that they therefore couldn’t help a not-for-profit organization. Yes, there are people that can write the...
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Monday, September 30, 2019
Chinese “Chicken” The escalating tensions between the US and China have led to some bold threats, such as President Trump considering the de-listing of Chinese stocks from US exchanges. It has been a pattern to make...
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Wednesday, September 25, 2019
Life is Sweet - Enjoy the Little Things The powers- that-be are considering banning chocolate milk in NYC schools. Chocolate milk, for me, was one of the best parts of being in elementary school! It was that little something extra that...
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Tuesday, September 24, 2019
Harvest Season - Talk to Your Advisor about What, If Anything, to Pick As we get closer to the end of the year, thoughts turn toward taxes. Actions that we take now may impact tax returns filed this coming spring. Investments held less...
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Monday, September 23, 2019
Are You Possibly Missing Out? The financial industry has been moving toward investment advisory services for some time now. It may not be appropriate for every investor (generally if you do not want advice, seek to do it yourself, are...
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Tuesday, September 17, 2019
Tariffs, Inflation, and Your Pocketbook We are already seeing some rising prices for certain goods and services due to the China tariffs. Food and energy are just two areas. Tariffs generally hit prices hardest at the time they are...
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Tuesday, September 17, 2019
TIPS Aren’t Just Gratuities With yields at historic lows and the possibility of rising inflation, some investors are seeking opportunities for yield while protecting against inflation. One consideration is TIPS, or Treasury...
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Tuesday, September 10, 2019
September 11th, 2001 - We All Remember Where We Were Many of us went to work that day and came home to see our families once again. For thousands of others in the towers, in the planes, on the ground, and the brave souls who were...
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Wednesday, September 4, 2019
Back to School about 529 Plans Paying for college may be many years away if a child is young, or just around the corner. A 529 account may provide some strategic investment opportunities as an education savings plan. Please be sure to...
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Wednesday, September 4, 2019
Complaining about going back to school? Count your blessings. As much as some students might complain that they must return to school this week - what about those who won’t be able to go back due to Hurricane Dorian? Or whose...
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Tuesday, September 3, 2019
Is There Too Much Labor in Your Day? Delegation is a key toward getting things accomplished. A financial advisor may be an asset to those seeking to delegate - and accomplish - getting their financial houses in order. Portfolio...
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Tuesday, September 3, 2019
A Sleep is as Good as a Meal A co-worker’s Scottish grandmother was a highly quotable person. One quote her granddaughter shared was “A sleep is as good as a meal”. How true is that! How many of us simply do not get...
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Wednesday, August 28, 2019
September is back to school and back from vacation. It’s also Life Insurance Awareness Month. It’s a busy month. But are you too busy to make sure your loved ones are cared for in the event something happens to you? Too...
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Monday, August 26, 2019
Stay Vigilant as Scammers Enhance Their Skills “Hell Grandma, I’ve been arrested, don’t tell my parents, but I need you to get gift cards for my bail money.” “This is the IRS and you owe money immediately...
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Monday, August 19, 2019
SMILE BUS FUELING UP FOR 11TH YEAR TO PROVIDE DAY OF JOY. MEMORY MAKING Every year we invite 50 people who have had a difficult year due to illness, bereavement, economic hardship, family dynamics, and other issues to park their...
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Friday, August 16, 2019
Should I Refinance My Mortgage? With interest rates lower than they have been in about 1.5 years, we are receiving calls from clients wondering whether or not they should refinance their mortgages. Refinancing what is often a...
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Monday, August 12, 2019
WAIT A SECOND, HOW MUCH DOES THAT PRESCRIPTION COST? As a father of 3, I have had many trips to the pharmacy. Sometimes I am presently surprised that a prescription is only a couple of dollars. However, more often than not, I am...
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Wednesday, August 7, 2019
But Have You Spoken with a Professional Financial Advisor? There are so many things going on in global and domestic politics and that might potentially be unnerving to investors. Now may be the time to seek advice from a professional...
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Monday, August 5, 2019
Staying “Grounded in Good” When the World Seems to Be Spinning Off-Axis I have always liked the Dr. Martin Luther King Jr. quote, “Darkness cannot drive out darkness, only light can do that.” I jotted down a...
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Friday, August 2, 2019
Why Should I Care That The Fed Cut Rates ¼ Point? The Fed cut rates ¼ point this week. That doesn’t sound like much, so why should we care? This means that the overnight loan rate that banks charge is lower. This...
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Tuesday, July 30, 2019
When Life Turns on a Dime, Do You Have a Plan for Your Elderly Parents? A co-worker got a call from emergency services yesterday that her mom was being transported to the hospital as she had fallen. This morning, that same...
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Tuesday, July 23, 2019
Retirement is Not the End of Financial Planning Financial advisors and their clients often talk about retirement as a goal. Yes, being able to retire is certainly an important objective in financial planning, but it is not the end....
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Tuesday, July 23, 2019
The Bracelet that Turned Her Wrist Green Reminds Her that Anything Worth Having Requires Work The other day we were talking about ways we used to make money as kids - shoveling snow, mowing lawns, babysitting, washing cars, etc. One...
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Tuesday, July 16, 2019
How Correlated Are Your Investments? Trade? China? Iran? Election? Interest Rates? What Megan Markle wore? There is always something “brewing” in the world which might impact the financial markets (the last item in that...
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Thursday, July 11, 2019
Have you ever gone shopping for something, say a new car or a dining room set, and the sales person only focuses on one person in the couple? I remember shopping for furniture when we were moving to a new home years ago and, despite my...
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Monday, July 8, 2019
Ask Your Financial Advisor: Ways to Help Control the Things You Can’t Control When investors plan toward retirement, competing goals such as paying for their children’s college education may occur. Following retirement,...
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Friday, June 28, 2019
Time goes by fast. Things change. New directions emerge. So, how old is the information you have shared with your financial professional? Are you working from a “foundation” that no longer exists? For example, have you...
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Thursday, June 27, 2019
If you find yourself with some extra time this summer, don’t forget to practice some financial self-care. This might begin with a visit to your financial advisor for a mid-year checkup meeting. This can even be done by phone from...
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Wednesday, June 19, 2019
“Wet”tuce With such a wet spring, vegetable farmers in many regions, including here in upstate NY, are having difficulty getting crops in the ground and, once there, protecting them from root rot, mold, and other issues....
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Friday, June 14, 2019
Waiting to Get Your Ducks in a Row in Order to Get Your Ducks in a Row? Have you ever stared at a cluttered closet and became so overwhelmed by the very idea of the chore? Then, when you actually tackled the task, it took far less time...
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Monday, May 6, 2019
Times Change. Markets Change. The Need for Advice Remains. It seems many people I know are getting hip and knee replacement surgeries lately. New methods and technologies have made this operation “almost” an outpatient...
Read MoreTimes Change. Markets Change. The Need for Advice Remains. It seems many people I know are getting hip and knee replacement surgeries lately. New methods and technologies have made this operation “almost” an outpatient...
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Monday, April 29, 2019
Graduating in May? A watch, a string of pearls, money, gift cards, balloons. Graduating from college, grad school, the military, or a trade program can be an exciting time of celebration. What a relief to be “done”! The...
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Friday, April 26, 2019
“Drowning In student loan debt”. “Not saving enough toward retirement”. “Making less money”. “Unable to purchase a home.” “Living with their parents”. “Can’t...
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Wednesday, April 24, 2019
Do You Have a Trusted Contact on Your Investment Account? Financial exploitation of senior citizens and vulnerable adults is concerning. In the event that your financial advisor is unable to reach you, they can contact a trusted...
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Friday, April 19, 2019
We’ll Be Back on Monday to Help Sort Out This Weekend’s Money ConversationsThe financial markets are closed today, but that doesn’t mean that money will be taking a rest. Many have the day off today which means they...
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Wednesday, April 17, 2019
Dirt and Dust are Not Chametz and Other Things We Can Learn this Week I like to learn about other faiths and traditions, and have been enhancing my knowledge about Passover from Jewish colleagues and friends who are busily cleaning...
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Monday, April 15, 2019
Everyone Loves a Good Comeback Story Seeing Tiger Woods win the Masters again this weekend was an amazing comeback story. A few years ago it was uncertain whether he would ever play golf at this former level ever again. At Augusta, he...
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Friday, April 12, 2019
It’s Master’s Week and this weekend golfers will be tuned in to see the latest at Augusta and who will ultimately wear the green jacket. I was having a conversation with someone today and they were saying it must be fun to...
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Wednesday, April 10, 2019
Jupiter Retrograde: Time to Step Away from Old Habits I read a post online today that stated from April 10 - August 11 we are in “Jupiter Retrograde”. This is some sort of sky movement. I am not an astrologist nor do I play...
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Monday, April 8, 2019
“Lunch Dates Wanted”: AKA Staying Connected Offline While news feeds are full of pictures of dogs and smiling faces, how many people are really connecting?. Some things I have found helpful in my career and in my life to...
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Thursday, April 4, 2019
Easy Ways to Enhance Financial Literacy What can the average person who doesn’t want to study to be a financial advisor do to help enhance their overall financial knowledge? Here are a few suggestions: *Read – Read...
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Monday, April 1, 2019
I learned something today - that is, that the spring is a time of great need at food pantries. This stems partially from the many donations received at the holidays and the slower demand placed on the pantries in the summer due to the...
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Wednesday, March 27, 2019
Many people don’t like filling out paperwork. Whether we are at the doctor’s office, preparing our income tax return, or opening a financial account, it is rare when someone actually loves to complete forms. Unfortunately,...
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Tuesday, March 26, 2019
It’s OK to Say No to Adult Children: Set Financial Boundaries Competing financial priorities might have an impact on the future. Often, we see this clash between the desire to provide a college education for our children and the...
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Monday, March 25, 2019
Are You Part of the “Gig” Economy? A Financial Advisor May Help with Your Challenges Today, many more people are blazing their own entrepreneurial paths. Working as consultants, freelancers, and even pursuing several...
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Friday, March 22, 2019
Non-working Spouse with Little to No Earned Income? You May Still be Able to Save toward Retirement Spouses who file joint income taxes returns and who have little to no earned income, such as a stay at home parent taking care of the...
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Thursday, March 21, 2019
Instant Versus Delayed Gratification - The Foundation of Investing? So much of money management can be boiled down to this: do we want it now or later? Is the instant gratification going to fulfill us down the road? Will we still feel...
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Friday, March 15, 2019
March is Women’s History Month. Women are making history daily. Women are also largely responsible for family budgets and paying bills, influencing major purchases such as cars and homes, being entrepreneurs and making major...
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Thursday, March 14, 2019
Working with a financial advisor is a relationship that should be built on trust and communication. If you have suddenly found your circumstances have changed, it is important to let your financial advisor know. Your risk tolerance,...
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Tuesday, March 12, 2019
Protecting Your Personal Identifying Information Identity theft is a growing issue in the world. With the rise of technologies such as email, texting, and wifi, the increased use of credit and debit cards, and people who seek to hack...
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Monday, March 11, 2019
Nobody Wants that Stuff What do we do with these beloved antiques? These sentimental souvenirs? These cherished collections? Make plans now to help avoid stress later. It may not be completely true that “nobody” wants your...
Read MoreSome of our local school districts now make a personal finance class a mandatory requirement for graduation. This may prove extremely helpful as many money decisions occur around that time. How many people do we know were young and...
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Wednesday, March 6, 2019
There is so much news lately surrounding the impact of student debt. It’s affecting the ability to purchase homes, get married, start (or add to) a family, save for retirement, and more. It’s a hot topic at the Federal...
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Monday, March 4, 2019
For many people, their job might play a major role in “defining” who they are. (At cocktail parties ever notice how people ask your name and “What do you do?”). Redefining themselves after many years in the...
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Tuesday, February 26, 2019
I have met investors who insist that their investments were well-diversified because their assets were distributed among large cap, mid cap, small cap, foreign, Blue Chip, speculative, and other stocks. When the stock market dropped,...
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Monday, February 25, 2019
Your Financial Advisor: An Anchor in Life’s Windstorms With the high winds swirling about today, it reminds me of “Winne the Pooh and the Blustery Day” which was a popular story when I was a kid. It also reminds me of...
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Friday, February 22, 2019
Dipping Your Toes In, Wading, or Body Surfing: Themes of Protection After the rollercoaster ride of December 2018 when the markets seemed to be on one of those really big descents that gives the rider that belly flip sensation, we...
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Thursday, February 21, 2019
Charity Begins in the Home - and Workplace Charity begins in the home. This does not mean to only look after your own; it means to teach your children to be stewards of service to others. Often, as adults, we learn from the examples...
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Tuesday, February 19, 2019
You May Not Want to Wait Too Long to File Your Taxes to Avoid Potential “Surprises” There are some changes to the tax codes that went into effect with the 2018 tax returns that are due by April 15, 2019. You may want to...
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Tuesday, February 19, 2019
Losing a job can be a difficult time fraught with uncertainty and many questions. There can be a lot of emotion surrounding the situation. Making an appointment with a financial advisor may help to provide some clarity about some...
Read MoreOver the next 25 years, there will be the largest wealth transfer in history as baby boomers pass away and transfer their wealth to GenX, the next generation. The baby boomers are a large demographic of people born between 1946 and...
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Friday, February 8, 2019
February 07, 2019 Dear Valued Investor: Most of the country might still be in the throes of the winter, but after extreme cold throughout many parts of the United States, thankfully the weather has warmed up. Stocks followed a similar...
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Tuesday, February 5, 2019
Couples, even those who love each other very much, fight from time to time when expectations are not met. One of the things that couples fight about is money - different saving and spending habits and different goals can lead to...
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Wednesday, January 30, 2019
3 Investor Behaviors That Concern Financial Advisors Three things that concern financial advisors that might have an adverse impact an investor’s overall results: Being a “reverse” bargain hunter. During periods of...
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Wednesday, January 30, 2019
What is escheatment and why should I care about it? It sounds like something bad, but it could actually be something quite good. If you have money you forgot about - perhaps an old bank account, an uncashed check, or possibly even an...
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Tuesday, January 29, 2019
Networking “Lessons” So much of my business is from referrals. Introductions made by existing clients who want their friends, family members, colleagues, teammates, neighbors, networks to benefit in some way from my...
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Wednesday, January 23, 2019
BENEFICIARY CHECK It is important to make sure that beneficiaries on your life insurance policies, bank accounts, retirement accounts and other accounts/policies in which there is a legacy are up to date and reflective of your wishes....
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Tuesday, January 22, 2019
YOU DON’T NEED MONEY TO MAKE A DIFFERENCE I recently attended the funeral of someone I had known for a long time. When it came time for sharing memories, over and over again there was a resonant theme: this gentleman had touched...
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Tuesday, January 15, 2019
Goal Setting for 2019 - How’s It Going? Wow, the gym’s been packed the past two weeks. I know in a few weeks only a fraction of these people striving to get in shape in the New Year will be left. Why? Well, it’s often...
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Tuesday, January 15, 2019
Building Your Personal Wealth Management Team As much as I would love to be all things for all people, there are times when I seek the counsel of other professionals to assist with more complex situations that might arise in my...
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Monday, January 7, 2019
I remember being a kid and reading the book “Stone Soup”. The book was about a traveler who came to a village and put a stone in a pot of water because he was hungry. He told people he was making stone soup, and they could...
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Monday, January 7, 2019
With garbage cans in national parks overflowing and national museum, monument, and historic home doors shuttered, the government shutdown is beginning to impact American lives. There are approximately 800,000 federal workers furloughed...
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Wednesday, December 19, 2018
401(k) Retirement Savings Level to Increase in 2019 Retirement may last for decades and having enough money to last that long is a concern of many investors. Good news: in 2019 you can put away more than ever before in your 401(k) or...
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Tuesday, December 18, 2018
At this time of year, there is a large amount of extra “stuff” thrown out. In an effort to help the environment, here are some tips as to what might be recycled this holiday season: Paper and flattened cardboard Metal cans...
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Friday, December 14, 2018
Don’t Let Grinches Steal Your Holiday Joy - Be Alert to Scams and Thieves It may be the season of goodwill and giving, but this is also the season where fraudsters and thieves may up their games. Be vigilant. *When out shopping,...
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Thursday, December 13, 2018
Giving the Gift of Experiences The holidays can be a really hectic time of rushing to buy gifts for ever-growing lists as families expand due to weddings and births. It can be next to impossible to get the right size, color, or item...
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Tuesday, December 11, 2018
Bus BFFs: We Can Learn a Lot from Kids As many of you know, my favorite day of the year was last Thursday, December 6. It was the day for our 10th annual “Smile Bus” trip to NYC and the Radio City Christmas Spectacular Show...
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Monday, December 10, 2018
TWEET AND RETREAT…LET’S HOPE THERE’S NO REPEAT When Trump tweets, the market retreats…or so it seemed last week. The S&P 500 entered negative territory for the year, tamped down by fears of a US/China trade...
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Friday, November 30, 2018
Don’t “After the Holidays” Your Portfolio if It Needs Help Now This time of year is busy. I get it. With social activities, shopping, planning, eating and eating some more, holiday guests, presents to wrap, and...
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Tuesday, November 27, 2018
Holiday Debt or a Happy New Year? Opting for the “instant gratification” of purchasing items on credit can be a costly decision if the balance is not paid off when the statement comes each month. For example: You purchase...
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Monday, November 26, 2018
Thanksgiving: A Lifestyle Choice? Every year it seems that Thanksgiving becomes a bit more “squished”. The Halloween candy gets put away in favor of large displays of red and green merchandise. Stores which once were closed...
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Friday, November 16, 2018
How Can I Learn More About A Financial Advisor? Visiting a financial advisor’s website can assist you toward learning about a financial advisor’s bio including their experience, education, and business focus. Meeting with...
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Thursday, November 15, 2018
62 or 70? Does it Matter? It can be tempting to claim Social Security benefits as early as possible at age 62. But working even a few years longer can help to enhance Social Security income when the worker decides not to file for...
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Wednesday, November 14, 2018
Help Protect Your Financial Accounts Technology is a great thing in many respects. You can conveniently check and send email, transfer money, deposit checks to your bank, make purchases, pay bills, and do so many other things online....
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Tuesday, November 13, 2018
Thank You, Veterans! I was out of the office and away from social media on Veteran’s Day. I didn’t want the occasion to pass by without a comment, because I am so very grateful to our military men and women for all they...
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Thursday, November 8, 2018
Halloween and Midterm Elections are Over - What’s Next? Halloween and the midterm elections are now over. Now we’re focused on pumpkin pies and evergreen wreaths. But, what’s coming after that? Mud season? Why, yes,...
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Tuesday, November 6, 2018
Over the weekend, a colleague of mine’s son who is an infantry mortarman in the New York National Guard unfurled the flag with other military members at the Buffalo Bills game. It was very moving to see pictures and a video of...
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Monday, November 5, 2018
TIME FLIES - ARE YOU USING IT TO YOUR ADVANTAGE? I cannot believe it is already November! Where did 2018 go? The months have sped by! Alas, so do the years. On Saturday, I read a reading to a packed congregation at my oldest...
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Tuesday, October 30, 2018
Is It Time to Dust Off Your Risk Tolerance Questionnaire? During first meetings and conversations with financial advisors, investors generally discuss 3 key things: their goals, their time horizon to work toward those goals, and their...
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Tuesday, October 30, 2018
Building Bridges: Bringing Back A Sense of Community in the World I grew up in a small town where everyone pretty much knew everyone else. You didn’t dare do “stupid things” because your parents would know even before...
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Friday, October 26, 2018
Write Me a Prescription, Doc Sometimes clients like to joke around when they call and recently, in the midst of a particularly choppy market session, a client called and said, “My portfolio might be coming down with a little...
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Thursday, October 25, 2018
5 Ways for Market “Rough Riders” to Prevent Saddle Sores Before he became president, Teddy Roosevelt was part of a volunteer cavalry known as the “Rough Riders”. I often think of that name when the stock market...
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Tuesday, October 23, 2018
What is the Sizzle in Your Steak, Todd? A colleague of mine recently attended a networking luncheon where people were introducing themselves and describing their businesses. No matter what the business, it seemed everyone said they...
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Monday, October 22, 2018
Year End Is Approaching: Financial Management Activities to Consider Now This year flew by. Many of us were just getting around to starting our 2018 New Year’s resolutions and now it is almost time to make them again! There are a...
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Tuesday, October 16, 2018
Record-Setting Lotteries Encourage Big Dreams (A Financial Advisor Can Help Prevent Nightmares) A co-worker of mine joked today that the lottery drawing tonight was over $650 million and this might be her last day in the office. When I...
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Tuesday, October 16, 2018
Don’t Be “Chicken Little” - The Sky May Not be Falling When the financial markets become volatile, it might seem, as a knee-jerk reaction, that getting out of the market might be the right thing to do. It is not...
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Thursday, October 11, 2018
Things Are Going Well, Why Should I Call a Financial Advisor? I previously wrote about the personal financial “red flags” of “I’m all set” and “He’s a nice guy” (referring to an advisor...
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Tuesday, October 9, 2018
20 Random Acts of Kindness Over the weekend, there was a horrific accident in our region involving a limousine and 20 people lost their lives both in the limo and in a parking lot where they were hit. It has sent shockwaves through...
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Friday, October 5, 2018
“Bother” Me! I love to hear from my clients. I don’t love when anyone starts the conversation with, “Sorry to bother you.” “Bother” me! It’s not a “bother” to answer questions...
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Monday, October 1, 2018
Have You Been Lulled? With new highs on the S&P500 and the DJIA, it can be easy to become complacent. After all, we have had a bull market now for quite some time. Of course, we have to remember that it was not all an upswing - there...
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Tuesday, September 25, 2018
Introduce Your Advisor to Your Adult Children It may be sometimes difficult to recognize our children who are done with college, out working, and living on their own as adults. It might be a first instinct to seek to help young adults...
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Monday, September 24, 2018
The 3 Word Personal Financial “Red Flag” I’ve been in the financial industry since I graduated from college in 1987. If I had a dollar for every time I heard the phrase “I’m all set”, I myself would...
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Thursday, September 20, 2018
We All have a Santa Inside: Let Him Out! Yes, Virginia, there is a Santa Claus - and it is each one of us. Not just in December, but all year through, we should look to keep the spirit of “Santa Claus” alive in our...
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Wednesday, September 19, 2018
Were You Aware: It’s Life Insurance Awareness Month September is more than half over and perhaps a “round to it” is needed. One of the reasons people don’t have insurance is because they don’t get “a...
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Monday, September 17, 2018
Let’s Talk About Cents, Baby When entering a serious relationship, there are so many things to know besides favorite color and favorite food. There are important things like taste in music and whether you root for the same sports...
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Wednesday, September 12, 2018
Employee Retention Strategy Deadline Approaching Nov 1 Small Business Owners: Employee Retention Strategy Deadline Approaching Nov 1 Did you know that November 1, 2018 is the last day that business owners can convert SIMPLE IRAs to...
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Monday, September 10, 2018
5 Ways to Screw Up Your Finances By Not Scheduling an Appointment - Someday never seems to become “today”. If you have been meaning to call a financial advisor, get around to it. Make it happen by marking it on your...
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Thursday, September 6, 2018
Life is challenging enough - why complicate matters when you don’t have to? Here are 5 quick ways you can make financial management easier: Email - Give your financial advisor your email address. Having an email address can...
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Thursday, August 30, 2018
When I Die, The Dog Gets Everything My dog, Jeter (as in Derek), is nearly 14 years old. He’s one of those small poodle mixes that don’t shed. My youngest daughter just turned 16, so you can imagine that it would be hard...
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Monday, August 27, 2018
5 Ways to Be Less Stressed as the Kids Go Back to School My kids are still in school: college and high school. I dread the supplies list as it grows more extensively every year. From college textbooks to clickers to graphic calculators...
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Thursday, August 23, 2018
The summer is county and state fair season. As we rush past the various barns and buildings with our cotton candy and fried dough, we glimpse the numerous contests going on in the show rings. To the uninitiated, it can be hard to tell...
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Thursday, August 23, 2018
I begin “most” days by working out. I try and do planks – on my forearms for a minute, to the right for a minute, to the left for a minute. Anyone who says that time flies has never planked! It’s not easy. My...
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