Blog

A Wall of Worry

Ted Massaro, CLU, AEP

Tuesday, August 31, 2021

Have you ever heard the Wall Street expression, "markets climb a wall of worry?"It's the idea that financial markets are constantly on edge. Traders fret about how long a market rally can continue before it runs into trouble. Worry...

Caring for Aging Parents

Anthony Massaro, CFP®, CSLP®

Monday, August 16, 2021

There are important steps you can take to help your aging parents find living and health care assistance, as well as to secure financing for the cost of the care.

Economic Lessons from Used-Car Inflation

Edward Garruto, CFP®

Monday, August 16, 2021

Inflation is defined as the general upward price movement of goods and services in an economy. The key word is “general.” Inflation tends to be uneven and affects the price of some items more than others.

Managing Your Health in a Post-COVID-19 World

Ted Massaro, CLU, AEP

Sunday, August 15, 2021

The pandemic exposed some of the biggest issues and problems facing health care access and delivery today. Are you prepared to successfully navigate the health care landscape of the future?

Finding true professionals to help you make smart financial decisions can be a challenge. Here’s how to spot Pretenders, Predators and Exploiters so you can steer clear of them and get the help you need.

Market moving events happen all the time, but last week was one of the largest of the year. With stocks still flirting with all-time highs, the bar could be set quite high and any disappointment could lead to a pullback or correction.

Should You Be Concerned About Inflation?

Edward Garruto, CFP®

Monday, August 2, 2021

The next few months may indicate whether inflation is slowing down or changes in monetary policy are necessary.

Mid-Year Is a Good Time for a Financial Checkup

Anthony Massaro, CFP®, CSLP®

Monday, August 2, 2021

The first half of 2021 is behind us. As life emerges from the pandemic to a "new normal," a mid-year financial checkup may be more important than ever this year.

Five Keys to Investing for Retirement

Ted Massaro, CLU, AEP

Monday, August 2, 2021

Making decisions about your retirement account can seem overwhelming, especially if you feel unsure about your knowledge of investments. Here are five basic rules everyone can use.

In the first half of 2021, the U.S. economy powered forward faster than nearly anyone had expected. Speed can be exhilarating, but it can also be dangerous. Here's our outlook for the rest of 2021.

U.S. economy continues to recover quickly with many positives.

5 Retirement Myths & Realities

Ted Massaro, CLU, AEP

Tuesday, June 29, 2021

Five retirement myths and realities.

Life Insurance Beneficiary Mistakes to Avoid

Edward Garruto, CFP®

Tuesday, June 29, 2021

Life insurance is a useful financial tool, and naming your policy's beneficiaries should be a relatively simple task. However, there are some pitfalls - here's what to look out for.

International Investing: Opportunity Overseas?

Anthony Massaro, CFP®, CSLP®

Tuesday, June 29, 2021

For the past decade, U.S. stocks have outperformed foreign stocks by a wide margin. Despite some challenges, some analysts believe that foreign stocks may be poised for a comeback.

Additional volatility, weaker participation, and high valuations might sound scary, but we believe that any weakness would likely be an opportunity.

SPACs Take Center Stage

Edward Garruto, CFP®

Friday, June 18, 2021

The acronym “SPAC” is showing up more often these days because there is some big money behind the revitalized investment approach.SPAC stands for Special Purpose Acquisition Company, and they are sometimes referred to as...

Should You Be an Executor?

Ted Massaro, CLU, AEP

Friday, June 18, 2021

Administering an estate and making sure all the i’s are dotted and all the t’s are crossed can be a daunting task. Discover what it takes to be an effective executor so that if you’re asked to be one, you can decide whether it's for you.

A Steady Strategy

Edward Garruto, CFP®

Tuesday, June 15, 2021

One of the most fundamental truths of investing is that you can't time the market. As legendary investor and economist Bernard Baruch put it, "Don't try to buy at the bottom and sell at the top. It can't be done except by liars."

The massive fiscal and monetary policy support that helped the economy (and the stock market) get through the pandemic is starting to move toward the sidelines, which may cause some bumps in the equity markets.

As we move into June, a path to normalcy is coming quickly with stadiums allowing full capacity, restaurants filling up, and summer vacations in full swing. Meanwhile, the U.S. economy continues to recover remarkably quickly.

Breaking Down the Real Costs of Purchasing a Home

Anthony Massaro, CFP®, CSLP®

Thursday, June 3, 2021

You’re finally ready to move up from your rental unit to your own home. Before you start searching for a home, understand how much money you’ll really need.

Navigating Credit Card Rewards During COVID-19 Times - and Beyond

Ted Massaro, CLU, AEP

Wednesday, June 2, 2021

The pandemic has significantly changed the spending and travel habits of millions of Americans—which, in turn, has altered how credit card companies reward their customers with points, perks and other benefits.

Decisions, Decisions: Weighing the Pros and Cons of an IRA Rollover

Edward Garruto, CFP®

Wednesday, June 2, 2021

If you lose a job, switch employers, or step into retirement, you might consider rolling your retirement plan savings into an IRA. But this isn't your only option.

We think high-quality bonds—despite higher interest rates—can play a pivotal role in portfolios as they remain the best diversifier to equity risk. Unforeseen events happen and it’s best to have that potential portfolio protection in place.

We expect additional gains for stocks in the second half of the year, but they are likely to be more modest than the gains we’ve seen so far.

To Make It Big, Know Your Course—And Stay the Course

Ted Massaro, CLU, AEP

Wednesday, May 19, 2021

Determine what you excel at that also helps you generate tremendous success—then focus on those actions and that knowledge in all you do. Need to address other issues? Outsourcing is the key to success there.

Rising Inflation: Where Will It Go From Here?

Anthony Massaro, CFP®, CSLP®

Wednesday, May 19, 2021

Though all economists expect inflation numbers to rise in the near term, there are different views on the potential long-term effects.

Grandparents Can Help Bridge the College Cost Gap

Edward Garruto, CFP®

Wednesday, May 19, 2021

For many families, a college education is a significant financial burden that is increasingly hard to meet with savings, current income, and a manageable amount of loans.

With an improving economy, massive levels of fiscal and monetary stimulus, and rising vaccination rates, we don’t expect any pullbacks to last very long, and we’d use any that appear as a buying opportunity.

Here we look at how corporate America produced such a blowout earnings season and what it could mean for the 2021 outlook.

The vaccine rollout has brought hope for a brighter 2021. If you are looking forward to a fresh start this spring, why not begin with your personal finances? Here are some tips to help you get started. 1. Use tax time to examine your...

What Makes an Elite Wealth Manager Elite, Exactly?

Ted Massaro, CLU, AEP

Friday, May 7, 2021

Lots of advisors want to work with you if you have significant assets. So how can you separate the good from the great? We show you what to look for!

Out of the Shadows

Edward Garruto, CFP®

Thursday, May 6, 2021

The U.S. economy continues to storm back from the pandemic lockdown-driven recession.

“Sell in May and go away”. We tackle this commonly cited seasonal pattern and why some seasonal weakness could make sense in 2021.

Last week we discussed whether stock prices might be reflecting peak optimism. This week we tackle that same topic of peak optimism, but by looking at some valuation metrics.

Making Sense of Your Roth 401(k)

Anthony Massaro, CFP®, CSLP®

Thursday, April 22, 2021

There are specific rules addressing distributions and rollovers of a Roth 401(k), which combines features of Roth IRAs and a traditional 401(k).

Growing Interest in Socially Responsible Investing

Edward Garruto, CFP®

Thursday, April 22, 2021

Trends suggest that many people want their investment dollars to pursue a financial return and make a positive impact on the world.

Global stock markets are off to a strong start in 2021 as the world begins to emerge from the shadow of the COVID-19 pandemic. In the United States, vaccinations are increasing, the economy is expanding, and unemployment is falling.

Retirement is an exciting time for many, and the reward for years of hard work. While there is no set age for retirement, it is important to be prepared before you make the leap, so that you enjoy your retirement and financial...

Growth and inflation expectations are widely known fundamental variables used in determining fair value for fixed income securities, but are there seasonal patterns that exist in the bond market that can help investors determine when...

The U.S. economy’s recovery from the pandemic continues to surpass our expectations, aided by the accelerating vaccine distribution, massive stimulus, and America’s desire to resume some semblance of normal daily life.

Tips to Keep Emotions and Investing Separate

Anthony Massaro, CFP®, CSLP®

Thursday, April 8, 2021

Money is always an emotional subject, but often when our emotions get involved with our investments we will make wrong decisions. And that can be a costly mistake. Keeping emotions and investing separate seems almost impossible for...

Spring Into A Positive Outlook

Edward Garruto, CFP®

Thursday, April 8, 2021

“The real key to making money in stocks is not to get scared out of them.” Peter Lynch They say April showers bring May flowers. Well, after a lot of showers and storms over the past year, flowers are starting to bloom and...

Virtual Experiences We Think You'll Love

Ted Massaro, CLU, AEP

Wednesday, April 7, 2021

Online events, tours and other experiences have become more popular—and sometimes even necessary—over the past year. Check out our list of some of our favorite virtual options in a wide range of interests.

Turning Arguments into Meaningful Discussions

Ted Massaro, CLU, AEP

Wednesday, April 7, 2021

Fights—in business and in life—rarely get us the outcomes we most want. A better approach: Use a three-step process for de-escalating tensions and finding ways to work together cooperatively.

Beyond Retirement: Consider Your Other Goals

Anthony Massaro, CFP®, CSLP®

Thursday, March 18, 2021

When it comes to financial stability, people tend to focus on paying off debt and saving for retirement. In reality, many other financial goals beckon to individuals during their lifetime. Because of this, it’s important to look...

There's Still Time to Contribute to an IRA for 2020

Edward Garruto, CFP®

Thursday, March 18, 2021

Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2020. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2020 ($7,000 if you were...

Framing and Empathy: Two Ways to Get What You Want When Negotiating

Ted Massaro, CLU, AEP

Tuesday, March 9, 2021

Successful negotiators frame their discussions and use empathy to learn all they can about the other side and move a negotiation in the right direction. Find out how to use these two tools to achieve your agenda.

Marlton, NJ – March 3, 2021 – Anthony Massaro, a CERTIFIED FINANCIAL PLANNER™ with M Financial Planning Services, Inc., has been authorized by the Certified Student Loan Advisors Board of Standards (CSLA Board) to use...

The Return of Normal is Approaching

Edward Garruto, CFP®

Thursday, March 4, 2021

It’s now been over a year since COVID-19 first hit American shores. While the pandemic has affected everyone to varying degrees, we can all agree that everyone’s life is different today than it was a year ago. It’s...

Tips for Tax Preparation

Anthony Massaro, CFP®, CSLP

Thursday, March 4, 2021

In 2020, the government gave taxpayers an automatic six-month extension due to the coronavirus. Individuals who were affected by the damaging wildfires were also given additional time to meet most tax deadlines. However, in 2021, the...

Life Insurance Warning Signs: Time To Look Under the Hood?

Ted Massaro, CLU, AEP

Wednesday, March 3, 2021

Some wealth plans that use life insurance can seem esoteric or downright baffling to many people. Don’t let confusion reign. If you’re unclear or worried about insurance you have or are considering, put it through its paces! Here’s how.

Re-thinking Your Bucket List

Edward Garruto, CFP®

Thursday, February 18, 2021

When approaching the latter part of life, it is easy to get caught up in achieving every goal on your bucket list. Individual lists vary widely, but often are filled with wild adventures like skydiving and scuba diving in the Great...

A Super Rich Best Practice That Can Benefit You, Too!

Ted Massaro, CLU, AEP

Tuesday, February 16, 2021

Many extremely wealthy individuals and families stress test their wealth plans in order to find errors in need of correcting or opportunities they’ve been overlooking. Chances are, you need a stress test even more than they do!

IRA vs. 401(k): What Savers Should Know

Anthony Massaro, CFP®, CSLP

Thursday, February 11, 2021

As of 2018, about 58 million Americans had a 401(k), while around one-third of households owned an individual retirement account (IRA).1, 2 Yet for as commonplace as these retirement accounts can be, the nuances of contributions are a...

While the 2020 tax year saw some significant changes to filing deadlines due to the effects of the global pandemic, the 2021 tax season seems to be set to be on track with normal filing deadlines. With the pandemic still in sight, it...

Stay the Course

Edward Garruto, CFP®

Thursday, February 4, 2021

“In the short-term, the market is a popularity contest. In the long-term, the market is a weighing machine.” Warren Buffett 2021 is under way, as our nation and the rest of the world look to begin to put the global pandemic...

The Power of Purpose in Reaching Audacious Goals

Ted Massaro, CLU, ChFC

Wednesday, February 3, 2021

We find that people who have reached the highest levels of success and built truly significant wealth tend to share a number of key traits that are responsible for their amazing results.

Begin Investing While Young

Anthony Massaro, CFP®

Thursday, January 21, 2021

There’s a simple word that has profound implications for savings and investing: compounding. Like a snowball that grows as it rolls down a hill, compounding provides the potential for your money to grow, reinvesting your...

When to Begin Collecting Social Security

Edward Garruto, CFP®

Thursday, January 21, 2021

Deciding when to begin collecting Social Security depends on a number of factors, including how long you anticipate needing it. Body Deciding when to retire and begin collecting Social Security is an important life decision. For some,...

Common Retirement Investment Mistakes

Ted Massaro, CLU, ChFC

Thursday, January 21, 2021

Only one-in-four Americans (27%) feel very confident that they will have enough money to live comfortably when they retire, according to the 2020 Retirement Confidence Survey Summary Report.⁠11 While the number is up slightly from the...

The federal government requires the use of certain interest rates (published by the IRS) to value various items used in estate planning, such as an income, annuity, or remainder interest in a trust. The government also has interest...

Tax identity theft is when someone steals your Social Security Number, files a tax return with your number, and directs a refund to their own bank account. In other cases, this type of identity theft may involve a scam artist calling...

In an increasingly paper-free society, organizing your financial documents can still be a challenge. No matter how simple or complex your financial picture might be, it takes some thought-out organization to keep your tax documents,...

Five Big Mistakes Affluent Homeowners Make—and How to Avoid Them

Ted Massaro, CLU, ChFC

Friday, January 8, 2021

Do you have the right kind of insurance to protect your home and the items in it—as well as the right amount of coverage? It’s entirely possible that you’ve overlooked something important that could cause trouble down the road.

2021 Brings a Fresh Start

Edward Garruto, CFP®

Thursday, January 7, 2021

Happy New Year! A new year offers a welcomed turn of the calendar and a fresh start. However, it’s difficult to put 2020 completely behind us just yet because the COVID-19 pandemic still presents a significant threat. Healthcare...

The Many Benefits of Building a Family Brand

Ted Massaro, CLU, ChFC

Thursday, January 7, 2021

Nearly every company we can think of has a brand that communicates its culture and mission. But chances are, most of us have never considered what our family’s culture is all about—what we stand for.

New Year's Resolutions to Get Your Finances in Order

Anthony Massaro, CFP®

Tuesday, January 5, 2021

New Year's is traditionally the time to review your life and make resolutions for change. In addition to thinking about working out, eating healthy, and meeting personal and professional goals, you should also think about your finances...

Boost Your Efficiency and Effectiveness—at Work, at Home and in the World

Ted Massaro, CLU, ChFC

Tuesday, December 22, 2020

Wouldn’t it be great if you could tackle your many to-do lists more effectively and efficiently than ever, and boost both your success and your overall enjoyment of life?

From pandemic-related stimulus payments to job losses and furloughs, for many taxpayers, next spring's tax season may be more complex than usual. With the end of 2020 rapidly approaching, you should take some time to review your tax...

With the end of the tax year fast approaching, you may want to find ways to minimize your tax liability. Implementing one or more of the simple strategies discussed below may allow you to hold on to more of your earnings, potentially...

Managing Risk With Diversification

Edward Garruto, CFP®

Wednesday, December 2, 2020

When you first considered investing, it probably seemed like a good idea to focus heavily on what worked best for you from the beginning. But effective diversification requires more than just purchasing a random bundle of investments.

Consider the Value of Long-term Care Insurance

Ted Massaro, CLU, ChFC

Monday, November 23, 2020

Individuals who have worked hard and built up assets over the course of their careers may be particularly concerned that their savings could be affected by a long-term care event. As the costs associated with long-term care continue to...

Five Investment Tasks to Tackle by Year-End

Edward Garruto, CFP®

Monday, November 23, 2020

Market turbulence in 2020 may have wreaked havoc on your investment goals for the year. It probably also highlighted the importance of periodically reviewing your investment portfolio to determine whether adjustments are needed to...

Just what you need, right? One more time-consuming task to be taken care of between now and the end of the year. But taking a little time out from the holiday chores to make some strategic saving and investing decisions before...

Is Now a Good Time to Consider a Roth Conversion?

Edward Garruto, CFP®

Monday, November 9, 2020

This year has been challenging on many fronts, but one financial opportunity may have emerged from the economic turbulence. If you've been thinking about converting your traditional IRA to a Roth, now might be an appropriate time to do...

Public Service Loan Forgiveness – Is It Right For You?

Anthony Massaro, CFP®

Monday, November 9, 2020

Do you feel as though you are drowning in student loan debt? Painstakingly repaying hefty loans can be a long and arduous process. Could the Public Service Loan Forgiveness program work for you? The Public Service Loan Forgiveness...

Pandemic Amplifies Social Security Concerns

Ted Massaro, CLU, ChFC

Monday, November 9, 2020

Trust Fund to run dry by 2031, causing 25% benefit cut The pandemic has brought considerable financial challenges to those facing retirement. Many people have lost their jobs, been forced into early retirement, or delayed retirement...

By the last third of the calendar year, you're likely to have a pretty good idea of what your annual income will be and whether any major expenses or big life changes await you. This can allow you to engage in more robust tax planning,...

One of the biggest challenges for any new business involves maintaining liquidity and consistent cash flow. Many entrepreneurs take only a minimal salary—if any at all—during the first few years their business operates,...

Medicare Open Enrollment for 2021 Begins October 15

Edward Garruto, CFP®

Thursday, October 15, 2020

The annual Medicare Open Enrollment Period is the time during which Medicare beneficiaries can make new choices and pick plans that work best for them. Each year, Medicare plan costs and coverage typically change. In addition, your...

The Role of Trusts in Protecting Your Assets

Ted Massaro, CLU, ChFC

Tuesday, October 13, 2020

You may be the target of a frivolous lawsuit, especially if you have deep pockets. Systematic asset protection planning potentially can help—and one of your options could be an asset protection trust.

If you've been wondering how to optimize your finances and ensure your money continues to work for you, a financial professional may be able to help. But the thought of turning over your most sensitive financial information to a...

Student Loan Relief Extended Through End of Year

Anthony Massaro, CFP®

Friday, October 2, 2020

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provided a six-month automatic payment suspension on federal student loans through September 30, 2020. In August, the president signed...

What are the Odds? The Benefits of Probability Thinking

Ted Massaro, CLU, ChFC

Thursday, October 1, 2020

Decisions in business and in life are rarely 100 percent black or white—so stop using a yes-or-no mindset, and start using probability thinking to assess situations more effectively and to make better decisions.

As you get older and closer to retirement, your financial practices need to shift slightly as you transition from working and saving to relying on your nest egg. As you approach this stage of your life, you need to take steps to...

Many self-improvement goals focus on stability and personal growth — and financial goals are often no different. From buying your first home to saving for retirement, planning your finances can also help you work toward your...

Life Insurance at Various Life Stages

Anthony Massaro, CFP®

Friday, September 18, 2020

Your need for life insurance changes as your life changes. When you're young, you typically have less need for life insurance, but that changes as you take on more responsibility and your family grows. Then, as your responsibilities...

It's Time for Family Business Owners to Think About Succession

Ted Massaro, CLU, ChFC

Friday, September 18, 2020

Keeping your family business in the family—successfully and according to your wishes—takes smart, proactive planning. Here are some of the key issues you need to address to pass on your business to another family member.

At some point in a child's development, all parents wonder: how can I best teach my child the value of money? Parents who grew up in more modest circumstances than their own children can struggle to balance the desire to provide their...

When was the last time you took steps to optimize your 401k? If it's been a while, you're not alone. Research indicates that only one in three Americans utilize employer-sponsored 401k retirement accounts; even those who are...

College Disrupted: Students Face High Costs and Pandemic Impact

Anthony Massaro, CFP®

Friday, September 4, 2020

Even in normal times, it can be challenging for families to cover college expenses without borrowing money and/or risking their own retirement security. For the 2019-2020 academic year, the cost of in-state tuition, fees, room, and...

Back to School in a New Way

Edward Garruto, CFP®

Friday, September 4, 2020

Back to school this year will be different. On the one hand, like other years, it marks the end of summer, the arrival of cooler weather, kids hitting the books again, and Labor Day gatherings. But unlike other years, going back to...

Choosing an Executor for Your Estate

Ted Massaro, CLU, ChFC

Thursday, September 3, 2020

Who will make sure your assets go where you want them to go after you’re gone? Your executor, of course. Here’s a look at how you can go about choosing the right person for this all-important job.

If you've been diligently saving for your retirement, you may often find yourself wondering when you can afford to set an official retirement date. The answer to this question can often depend on how much monthly or annual income your...

Countdown to Retirement: Strategies for Saving in Your 50s

Edward Garruto, CFP®

Friday, August 21, 2020

Strategies for saving in your 50s Many retirees today are redefining the “golden years.” Forget about endless days of leisure. Retirees seek adventure, travel, and new business pursuits. While these changes may redefine...

10 Money Mistakes Millennials Should Avoid

Anthony Massaro, CFP®

Friday, August 21, 2020

Many millennial households are on their way to building substantial wealth. They are saving 20% or more of their paychecks, investing in 401(k) accounts, and keeping their debt levels low. But others, even those with good educations...

“Better late than never.” It took a while, but the S&P 500 Index finally made a new all-time high, coming all the way back from the vicious 34% bear market in less than six months. View enlarged chart. It might bring back...

When it comes to retirement planning, much ado is made of how much to save. But often, the real difference lies in shrewd distribution planning. By withdrawing funds from certain account types in a certain order, you might...

Preparing for the Worst

Ted Massaro, CLU, ChFC

Monday, August 17, 2020

Some of the very wealthiest families are taking steps to safeguard themselves from global catastrophic events. Here’s how you can take a page from their playbook to protect yourself and your family against your own worst case scenario.

As temperatures start to heat up and the days get longer, summer fun can kick into gear. Looking for things to do this summer? Then, check out this list of fun and relaxing summertime ideas. Be a tourist in your own area You don't have...

529 savings plans are tax-advantaged education savings vehicles and one of the most popular ways to save for college today. They can also be used to save for K-12 tuition. Much like the way 401(k) plans changed the world of retirement...

Positive Territory

Edward Garruto, CFP®

Friday, August 7, 2020

The battle versus COVID-19 continues. The spread in some of the recent hotspots like California and Florida is slowing, while states in the Northeast and Midwest are now experiencing increases in cases. According to the World Health...

IRS Clarifies COVID-19 Relief Measures for Retirement Savers

Anthony Massaro, CFP®

Friday, August 7, 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 ushered in several measures designed to help IRA and retirement plan account holders cope with financial fallout from the virus. The rules were welcome...

Buy Experiences, Not Stuff. Here’s Why.

Ted Massaro, CLU, ChFC

Thursday, August 6, 2020

Does what you buy make you happy, deep down? If not, consider allocating more of your spending to experiences that help create meaning and satisfaction that stick with you.

There's no denying the benefits of a college education: the ability to compete in today's job market, increased earning power, and expanded horizons. But these advantages come at a price. And yet, year after year, thousands of...

A traditional IRA offers a great way to shield income from taxation while boosting your retirement accounts. Meanwhile, a Roth IRA can let you pay tomorrow's taxes today. But how can workers who are eligible to contribute to either...

We are experiencing the biggest remote work experiment in history – but many are beginning to imagine life after lockdown. Amid unprecedented global job losses, concerns about transport infrastructure and the continuing need for...

Many people who diligently seek out money-saving discounts on smaller purchases may still find themselves inadvertently overspending by thousands on major purchases. Over time, this type of large-scale overspending may cut into your...

Most family businesses experience disagreements and fights. Here’s a look at how to make sure those conflicts are addressed properly so they don’t harm or destroy the company.

Whether you dream of a travel-filled retirement or would prefer to relax and enjoy spending more time at home, you're probably wondering what you can do to make your golden years as stress-free as possible. For many who have spent the...

Dramatic market turbulence has been common in 2020, and you can't help but hear about the frequent ups and downs of the Dow Jones Industrial Average or the S&P 500 index. The performance of these major indexes is widely reported and...

Fourth of July Optimism

Anthony Massaro, CFP®

Wednesday, July 1, 2020

The July Fourth holiday will be very different this year. Although it’s a time to enjoy family and friends, and maybe even watch some fireworks, social distancing and a new wave of COVID-19 cases also may take a seat at the...

Preparing Heirs for Their Inheritance

Ted Massaro, CLU, ChFC

Wednesday, July 1, 2020

Inheriting money comes with plenty of benefits. From being less worried about paying for life’s necessities to enjoying the luxuries affluence can bring, inheritors often find that many of life’s key stumbling blocks are no...

Money. It's hard to get and easy to lose. It doesn't take long for the wealth you've accumulated to disappear if you don't manage your money well or have a plan to protect your assets from sudden calamity. Snares like the ones...

Interest Rates on Federal Student Loans Decrease to Record Lows for 2020-2021

Anthony Massaro, CFP®

Friday, June 19, 2020

For the second year in a row, interest rates on federal student loans will decrease for the 2020-2021 academic year. This year's decrease brings rates to record lows.

Investor Psychology: Behavioral Biases That Can Lead to Costly Mistakes

Edward Garruto, CFP®

Tuesday, June 9, 2020

It can be difficult to act rationally when your financial future is at stake, especially when unexpected events upset the markets. But understanding certain aspects of human nature, and your own vulnerabilities, might help you stay level.

Mid-Year Is a Good Time to Fine-Tune Your Finances

Anthony Massaro, CFP®

Tuesday, June 9, 2020

The first part of 2020 was rocky, but there should be better days ahead. Taking a close look at your finances mid-year may give you the foundation you need to begin moving forward.

How Your Health Can Impact Your Finances

Edward Garruto, CFP®

Friday, June 5, 2020

Benjamin Franklin once quoted, “Early to bed, and early to rise, makes a man healthy, wealthy, and wise”—but the key to good health (and good financial health) involves far more than just getting enough sleep.1 For...

Looking Forward

Anthony Massaro, CFP®

Friday, June 5, 2020

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 innovation among US businesses and the...

What the Rich Can Teach Us About Transferring Wealth to Heirs

Ted Massaro, CLU, ChFC

Wednesday, June 3, 2020

Are you prepared to pass along the wealth you have built to your children or grandchildren in ways that are tax-efficient and meet your goals? For a reality check, look at how some extremely wealthy families address wealth transfer.

Your Best Possible Self: Three Ways to Make It Happen

Ted Massaro, CLU, ChFC

Wednesday, June 3, 2020

Despite our successes, many of us often feel we’re not at the place in our lives we’re supposed to be. The good news: We can reframe our viewpoints and take action steps that can help us grow and evolve.

The arrival of spring flowers often means one thing — the home-buying season is here. But with the COVID-19 pandemic in full swing in early March 2020 and many parts of the U.S. still under shelter-in-place orders through...

As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the government has funded a number of initiatives to help small businesses. As you navigate this difficult time, you may want to look into the following...

Better Times Are Coming

Edward Garruto, CFP®

Friday, May 22, 2020

“Never confuse a single defeat with a final defeat.” — F. Scott Fitzgerald The economic struggles in our country are among the worst we’ve ever seen. In April, a record 20 million people lost their jobs, and 36...

Why financial planning retirement is for everyone

Anthony Massaro, CFP®

Thursday, May 21, 2020

When it comes to retirement plans, there is no one-size-fits-all approach for how to invest. While there are some basic strategies everyone should follow, it’s important to keep in mind retirement plans will vary, depending on...

Reclaim Your Time

Ted Massaro, CLU, ChFC

Wednesday, May 20, 2020

Finding the right work-life balance The “work first, life second” mantra guides far too many of us these days. The good news: You can make the time to create a meaningful, fulfilling life and find the work-life balance.

On March 20, 2020, the Department of Education announced terms for student loan relief for tens of millions of borrowers in response to COVID-19.1 Here are answers to some questions about the new rules. For more information and to...

Retirement Assistance Within the CARES Act

Edward Garruto, CFP®

Tuesday, May 12, 2020

In late March 2020, as the number of novel coronavirus cases in the U.S. surged past 100,000, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law.1 The CARES Act provides around $2.2 trillion in aid to...

Nowhere To Go But Up

Anthony Massaro, CFP®

Friday, May 8, 2020

Investors like labels for the economy and financial markets—many of them with the word “great” in them. The Great Depression. The Great Recession. The Great Lockdown. Well, we’ve moved into what we might call...

What to Do with Your Retirement Plan During Lay-Offs or Furloughs

Edward Garruto, CFP®

Thursday, May 7, 2020

In an attempt to slow the spread of the coronavirus, the government has shut down numerous businesses throughout the country, and others have drastically cut hours. As a result, over 10 million workers filed for unemployment in March...

Safeguarding Your Entrepreneurial and Personal Wealth

Ted Massaro, CLU, ChFC

Monday, April 27, 2020

Think for a moment about how hard you have worked to build your company and your personal wealth over time. It feels great, doesn’t it?

The Four Types of Financial Advisors

Ted Massaro, CLU, ChFC

Friday, April 24, 2020

Here’s a look at four different types of advisors you are likely to encounter and how they stack up against each other in some key areas.

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It's useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are...

How We Respond Matters

Edward Garruto, CFP®

Tuesday, April 21, 2020

“Life is 10% what happens to you and 90% how you respond to it.” — Lou Holtz, Hall of Fame football coach

Too many people just don’t have it, but your financial professional can help April is National Financial Literacy Month – an entire month dedicated to underscoring the importance of learning, establishing and maintaining...

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus...

The United States has more cases of the coronavirus than any other country, and in an attempt to stop the spread of this disease, states have closed schools and businesses throughout the country. These unprecedented shutdowns have...

Stocks trying to add to huge gains. Futures are indicating a flat to slightly positive open as stocks attempt to add to historic gains from Tuesday on optimism surrounding eventual passage of the fiscal stimulus plan in the Senate. The...

The world continues its battle to contain the COVID-19 pandemic, which now has likely impacted, either directly or indirectly, nearly every person on Earth. This is far more than just a health crisis—this is a human crisis. Its...

As temperatures warm up, trees begin budding, and the days get longer, you probably throw open your windows and think about spring cleaning your home. As you tackle washing windows, cleaning carpets, and sorting out the garage,...

Our everyday lives have changed dramatically over the last few weeks as we work together to minimize the impact of the COVID-19 pandemic. We know these efforts are necessary, but they also have come at a cost. Global economic growth...

The market volatility continues, as the S&P 500 Index has closed either up or down 4% or more for a record 7 consecutive days. With the S&P 500 Index down 30% from the highs, it has officially moved into a bear market. Yesterday, we...

Fears over the spread of COVID-19 (coronavirus) have gripped the country and sent stocks in the US and around the world into bear markets.

We want to share information about the steps we’ve taken to minimize any potential impact to ourclients as a result of the Coronavirus (COVID-19) situation and maximize our efforts to keep our teamand clients safe. This event,...

The Trump administration has recently signaled that it’s looking at temporary reduction in payroll taxes as one way it can help support the economy through any COVID-19-releated economic slowdown. Today we take a brief look at...

Actively managing your debt is an important step, and your student debt may be one of the biggest financial obligations you have. There are many strategies that could help you manage student loans efficiently. Here is a checklist....

COVID-19 and Oil Prices

Edward Garruto, CFP®

Monday, March 9, 2020

The tough times that global markets were experiencing due to the spread of COVID-19 (coronavirus) worsened this past weekend as a price war between Saudi Arabia and Russia resulted in sharply declining oil prices. This combination of...

Life Insurance Basics Everyone Should Know

Anthony Massaro, CFP®

Thursday, March 5, 2020

Term. Permanent. Whole. Universal. Indexed. The life insurance landscape can be tricky to understand and navigate. Here’s a primer to get you on your way.

Five Ways to Avoid—Not Evade—Taxes

Ted Massaro, CLU, ChFC

Thursday, March 5, 2020

You have many legal ways to reduce your tax burden. Here are some tax-reduction tips to consider as you look for ways to boost your bottom line.

Four Lies You Tell Yourself About Building Healthier Habits-and How to Overcome Them

Ted Massaro, CLU, ChFC

Thursday, March 5, 2020

Just because we know what to do to improve ourselves doesn’t mean we take action, does it? The good news: We’ve got four ways to knock down the obstacles in your path to living your best life.

Many adults are finding that their aging parents are in need of health care assistance. Luckily, there are many options available today to help your parents grow old gracefully, either in their own home or in a facility, and several...

Tax tips to make sure your money is working for you, not Uncle Sam When should you file your income tax? Generally speaking, the earlier, the better, after January 1st if you expect to get a refund. If you file by the end of February,...

Donate to Charity and Get a Tax Break

Edward Garruto, CFP®

Tuesday, February 18, 2020

How to make a charitable contribution really count at tax time The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019. Key changes included increasing the age for Required...

How to Balance Fun With Savings

Anthony Massaro, CFP®

Tuesday, February 18, 2020

As you start your career and work toward advancement, you are likely to hear all kinds of advice about the importance of saving and investing for the future. A healthy savings account and the right investments can help you get through...

Born in 1949? The action you have to take with your retirement account

Edward Garruto, CFP®

Tuesday, February 18, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019. One of the key changes is the date you need to begin taking your RMD – or Required Minimum Distribution. Under the...

I don’t have to tell you that money is a big part of our lives. But in case you doubted it, a study by the American Psychological Association says that money issues outweigh other sources of tension, including work, family and...

Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you're self-employed, you'll need to pay your own FICA taxes and take charge of...

2020 doesn't just mark a new year, but the beginning of a new decade—and with it, some more changes to the federal tax code. It can often be easy to put tax preparation on the back burner, but being proactive can help you save...

Not Wealthy Enough for an Estate Plan? Think Again

Ted Massaro, CLU, ChFC

Thursday, February 6, 2020

If you care about ensuring your loved ones will be in good financial shape after you’re gone, then you should consider creating an estate plan—regardless of how much money you have. Here are the keys for an exceptional estate plan.

How to Help Parents—and Yourself—Live Better at 80, 90 and Beyond

Ted Massaro, CLU, ChFC

Thursday, February 6, 2020

New challenges arise as our parents age—and as we enter our golden years, too. Learn how to take steps that can help you or your parents age in place, as well as how to safeguard against bad financial decisions and scams in old age.

Retirement planning is all about the future, your future. Whether you are classified as a millennial, Gen Xers, women, or you are in your 40s-50s, retirement planning is a must. The key to successful retirement planning is starting...

There's no doubt about it--owning a home is an exciting prospect. After all, you've always dreamed of having a place that you could truly call your own. But buying a home can be stressful, especially when you're buying one for the...

How Recent Legislation Will Affect Your Retirement

Edward Garruto, CFP®

Tuesday, January 21, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law on December 20, 2019. Here’s how it will affect retirees. Delay the Start of Required Minimum Distributions (RMDs) Currently, plan...

How Different Generations Invest

Anthony Massaro, CFP®

Thursday, January 16, 2020

Each generation comes of age during different economic circumstances, and this can have a major impact on their later money habits. Financial advisors have identified some investing tips for certain generations that can help make their...

Fourth quarter earnings season kicked off this week with 24 S&P 500 Index companies slated to report results. Our expectations are for a marginal increase in S&P 500 earnings per share (EPS) on a year-over-year basis, based on current...

Four Key Lessons About Life—and Death—From a Rock Star Entrepreneur

Ted Massaro, CLU, ChFC

Friday, January 10, 2020

An eye-opening report on living your best life in good times and bad.

The U.S. airstrike that killed the top Iranian military commander last week was a major escalation in Mideast tensions. In fact, it would be difficult to overstate the geopolitical significance of this action. Iran likely will...

10 Ways the Secure Act Will Impact Your Retirement Savings

Edward Garruto, CFP®

Tuesday, January 7, 2020

With the decline of traditional pensions, most of us are now responsible for squirrelling away money for our own retirement. In today's do-it-yourself retirement savings world, we rely largely on 401(k) plans and IRAs. However, there...

Maintaining Your Financial Records: The Importance of Being Organized

Anthony Massaro, CFP®

Tuesday, January 7, 2020

An important part of managing your personal finances is keeping your financial records organized. Whether it's a utility bill to show proof of residency or a Social Security card for wage reporting purposes, there may be times when...

Don’t Leap Before You Look!

Ted Massaro, CLU, ChFC

Monday, January 6, 2020

The powerful benefits of thoughtful action When people are confronted with adversity, opportunity or both, they often react quickly—with the intention of dealing with the situation rapidly and moving forward.

Happy New Year! What a difference a year makes. One year ago the stock market was plunging and came perilously close to ending what has become the longest bull market ever recorded. What did December 31 bring?

Key Takeaways: Access one of the world’s busiest museums before anybody else can get in. Experience the magic of Broadway—from backstage. Sleep under a 21,000-pound blue whale. For many of us, New York City is one of the...

The SECURE Act, voted in on December 20, 2019, represents the most sweeping set of changes to retirement legislation in more than a decade. How will it affect you?

What Will You Pay for Medicare in 2020?

Edward Garruto, CFP®

Friday, December 20, 2019

Medicare premiums, deductibles, and coinsurance amounts change annually. Here's a look at some of the costs that will apply in 2019 if you're enrolled in Original Medicare (Part A and Part B). Medicare Part B premiums According to the...

Socially Responsible Investing

Anthony Massaro, CFP®

Thursday, December 19, 2019

Investing with an eye toward promoting social, political, or environmental concerns (or at least not supporting activities you feel are harmful) doesn't mean you have to forgo pursuing a return on your money. Socially responsible...

Top 10 Tips for Fiscal Fitness

Anthony Massaro, CFP®

Thursday, December 12, 2019

As days turn into weeks and weeks turn into months, it may feel like there is little time to catch up on all of your financial responsibilities. Sometimes it may be easier to simply toss ATM receipts, credit card bills, and bank...

Charitable Giving, the Tax-Wise Way

Ted Massaro, CLU, ChFC

Wednesday, December 11, 2019

Your charitable contributions may not be having as big an impact as they could—and it’s possible you’re missing out on some valuable charitable tax benefits that could help both you and your favorite charities.

It may be better to give than to receive, but it may be even better to give and see your generosity rewarded. Charitable giving can play a valuable role in your financial and tax strategies. A well-planned gift to charity could provide...

Risk management is a key component in any successful business plan. In today’s world — where data breaches are common occurrences — it’s especially important for business owners to understand the digital risks...

“We’re going streaking!” Frank The Tank in Old School As the bull market continues to make new highs, the past few weeks have seen some amazing market streaks. Here are three that have caught our attention. The S&P...

Plan Ahead for the Holiday Budget Crunch

Anthony Massaro, CFP®

Tuesday, November 19, 2019

Every year, millions of Americans celebrate the holidays with traditions such as throwing parties and buying gifts for family and friends. Unfortunately, many also participate in a tradition that lands them in debt -- spending more...

Tax planning can be more advantageous when done during the year and well in advance of year’s end. Opportunities may exist for you to minimize tax liability, which could leave more income for you and/or your family. Generally,...

When done well, estate planning aims both to allow you to pass on your assets as you see fit, and to minimize the state and federal tax bite that often accompanies wealth transfer. Sadly, most estate plans are old—and potentially outdated.

Turning the calendar from October to November brought more than trick-or-treaters, pumpkins, and falling leaves. It also brought important economic updates that delivered more treats than tricks and helped the stock markets reach new highs.

Congratulations! You've decided to start a family. Up until now, your health insurance has probably been adequate, paying for routine doctor visits and prescription drugs. But now that you're facing a lifestyle change, you must make...

These crucial years call for action. Today, retirement may seem nearer to you than it once did. The following moves might be worth making—and soon. Catch-up contributions to your retirement accounts. Starting in the year you...

It seems, sometimes, as though financial professionals come in only two flavors. There are those who promise everything is going to be fine; you don't have to fret about retirement, they say, because they'll help you make more than...

In 2014, almost one-third of baby boomers had nothing saved for retirement. For those who did save, the median was around $200,000. This is a far cry less than the $1 million experts recommend for a 30-year retirement plan. Luckily,...

Significant wealth can reduce many of life’s trouble—but it can’t eliminate them entirely. Even the richest among us have fears. What’s more, they often share many of the same worries the rest of us have.

If you care about what happens to your money, home, and other property after you die, you need to do some estate planning. There are many tools you can use to achieve your estate planning goals, but a will is probably the most vital....

The debate over the United Kingdom’s (U.K.) withdrawal from the European Union (EU), or Brexit, is reaching another milepost in what could be an action-packed week. Talks between the U.K. government and the EU have entered...

The world of 50 years ago was a lot different than it is today. An individual often worked at the same job all his or her adult life, lived in the same house, and stayed married to the same spouse. In those days, too, one spouse could...

“The economy, stupid” — Phrase campaign strategist James Carville used to help Bill Clinton get elected in 1992. As Carville noted ahead of the 1992 election, the recession in 1990 and 1991 was top of mind for many...

Where do you picture yourself in the future? Will you be in a new home, traveling the globe, or planning a big family celebration? These are a few of the financial goals that may be important to you, and each comes with a price tag...

Summer has turned to fall, and there’s already a little chill in the air. Three-quarters of the year is behind us now, and both stock and bond markets have had a strong year so far, although we expect to see regular — but...

Well, that wasn’t the start to the fourth quarter that the bulls wanted. The S&P 500 Index has dropped at least 1% on consecutive days to start the fourth quarter for the first time in history. It was down about 3% after two days...

Here are the facts. Generally speaking, women earn less than men, live longer than men, and often take time out of the workforce to have children and/or to care for an aging parent or sick loved one. The potential consequence of these...

As shown in the LPL Chart of the Day, the 10-year Treasury yield jumped 34 basis points (0.34%) in the week ending September 13, then gave back half that gain in a 17 basis point (0.17%) slide last week. The benchmark yield...

Life insurance may be a cornerstone of a sound financial plan, providing potential financial stability to a surviving spouse, children, or other family members in the event of your untimely death. Sadly, many Americans have no life...

It's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his...

The Federal Reserve’s (Fed) policy committee starts its sixth two-day policy meeting of the year today. At 2:00 p.m. ET Wednesday, following the meeting’s conclusion, the Fed will announce its rate decision and release a...

As the end of the year approaches, it's time to consider strategies that could help you reduce your tax bill. But most tax tips, suggestions, and strategies are of little practical help without a good understanding of your current tax...

Many extremely wealthy people have a much better handle than others on a key concept of success: the long game.

The Dog Days of Summer were on full display this past month, as a variety of concerns pushed stocks and bond yields lower.

The financial challenges millennials face can be overwhelming. it's no wonder that life insurance as a financial asset gets little to no attention. But it should. There are many reasons to have life insurance at a relatively young age.

It's fairly difficult — even for professional investors — to consistently "beat the market." This realization led to the creation of index mutual funds.

A closer look at what some of the survey results reveals various lessons today's workers can learn from current retirees.

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It's useful to have strategies in place that prepare you both financially and psychologically to handle market volatility.

As retirement approaches, you might be facing the choice of accepting a lumpsum pension payout or a lifelong stream of pension checks. What factors should you consider when making this decision?

These moves may help you build, protect, and enhance wealth. Want a good start on retirement saving and building wealth? Start early. Now is the ideal time to do important things for your future.

It can be difficult, but not impossible, to save for retirement while paying down your credit card bills and student loans. Even small steps now can make a big difference later.

Major stock indexes are hovering near record levels, while other asset classes like bonds and gold have also participated in gains with little volatility in recent weeks.

"How did it get so late so soon?" -- Dr. Seuss His simple but powerful words continue to resonate today, even in the context of planning for a financially secure future.

Owning your own business gives you freedom and control. Unfortunately, it also gives you financial concerns, such as managing your retirement fund.

Juggling multiple financial portfolios with numerous advisors could create problems, whereas working with just one investment firm can provide many advantages.

From coordinating plans to just checking in, your devices make it easy to stay in touch with your children anywhere at any time. However, you shouldn’t let technology keep your family from communicating in-person.

Often referred to as the "gig economy," these nontraditional or contingent work arrangements include independent contractors, on-call and temp agency workers, and those who sign up for on-demand labor through smartphone apps.

Millennials have youth on their side and may not devote much attention to their insurance needs. Consider insurance coverage that befits your personal circumstances without overspending.

Retirement is inevitable, but knowing exactly when to do so is often unclear. No matter when you actually begin your retirement, you’ll benefit from planning your post-work life as early as possible.

Do you have a tendency to push off important tasks? Do you do things at the last minute, or maybe not do them at all? If so, you're not alone. About one in five adults is a chronic procrastinator.

If you were unpleasantly surprised by the amount of tax you owed or the amount of your tax refund when you filed your 2018 tax return, it may be time to check your withholding.

. We received good news on the global trade front from the recent G20 Summit in Japan. President Trump and China’s President Xi agreed to a trade truce, clearing the way for the two nations to resume negotiations.

No matter how much money you have or which life stage you're in, becoming financially independent starts with a dream. Your dream might be to finally pay off the mountain of debt you've accumulated, retire early, or open your own business.

Legacy planning takes estate planning to another level, looking beyond the numbers—passing on your values as well as your wealth. Choose how you want to be remembered.

Using your non-financial skills and talents in new ways can bring you prosperity and a greater sense of personal satisfaction. Here are five tips to follow when seeking balance in your finances.

We are pleased to announce the release of the LPL Research Midyear Outlook 2019: FUNDAMENTAL: How to Focus on What Really Matters in the Markets, with investment insights and market guidance through the end of 2019. LPL Research.

Were the Tax Cuts and Jobs Act (TCJA) changes less favorable for you? It may be time for a Mid-Year Tax Planning Check Up.

Experiencing identity theft can be traumatic and financially painful. It’s important to be proactive in formulating a cybersecurity strategy.

10,000 people a day are facing retirement, and considering how their savings will last. This year, facing a 10-year-old bull market, what would the consequence of a market selloff be to the newly retired?

On May 13, 2019, escalating trade tensions between the United States and China sparked a worldwide stock sell-off that wiped out more than $1 trillion in global equity values.

Trade tensions have interrupted an unusually calm year in U.S. stocks. In May, the S&P 500 Index fell from an April 30 record high as the United States and China failed to reach a trade deal and escalated tariff tensions.

Answering the following questions will help jump-start your planning process. There are web-based financial calculators available to help you in the planning process, as well.

Following are some options to consider if you aren’t on track to retire when you would like or you don’t expect to have enough money saved to live your desired lifestyle in retirement:

The newest reports, released on April 22, 2019, discuss the current financial condition and ongoing financial challenges that both programs face, and project a Social Security cost-of-living adjustment (COLA) for 2020.

The Tax Cuts and Jobs Act (TCJA), which passed in December 2017, made fundamental changes to the U.S. tax code, and 2018 returns were the first time most taxpayers could see the practical impact of these changes.

Confidence among retirees continues to be greater than that of workers. Eighty-two percent of retirees are either very or somewhat confident about having enough money to live comfortably throughout their retirement years.

Exploring the world sounds fun and exciting, but it can be expensive to travel. Follow these money-saving tips when planning your next vacation to help make it more affordable.

The proliferation of ETF choices means they can now be used to create a broad portfolio of core investments, to target narrower sectors, or to gain market exposure that might otherwise be too difficult or costly to access.

You've put in the hard work as a college student and finally received your diploma. Now you're ready to head out on your own. Fortunately, there are some simple steps you can take to start on the right track with your personal finances.

Tax reform changes to the standard deduction and itemized deductions may affect your ability to obtain an income tax benefit from charitable giving.

Periodically reviewing your portfolio with your financial professional can be an excellent way to keep your investments on track, and midway through the year is a good time for a checkup. Here are three questions to consider.

When planning you may find that reality is not in sync with your projections, and it looks like your retirement income will be insufficient to meet your estimated expenses during retirement. This is called a projected income shortfall.

529 plans can be a great way to save for college, but they're not the only way. When you're investing for a major goal like education, it makes sense to be familiar with all of your options.

To live a long life, you’ll need a healthy supply of money to go the distance with you. The risk of outliving your money is called “longevity risk.” Begin early and follow the following good financial habits.

Recent history has moved many of us to take another look at our finances—a smart thing to do in any economy. Maybe it’s been a while since you took your financial temperature, or maybe considered it.

It takes more than love to start a family—it also takes money. I can work with you to help prepare your finances for the road ahead.

Thinking about how you’ll pay for long-term care should be a part of everyone’s retirement planning process. A recent study found that most Americans don't have any idea of the costs of long-term care.

If you're looking to save money for college, one option to consider is a 529 college savings plan.

If it seems like the financial markets have been off to an unusually strong start to the year—you are correct. The S&P 500 Index has risen for four consecutive months, resulting in the strongest start to a year in more than 30 years!

You've probably heard many references to "the Fed" along the lines of "the Fed held interest rates," or "market watchers are wondering what the Fed will do next." So what exactly is the Fed and what does it do?

A financial crisis can be scary at any age, but this is especially true when you're in your 40s or 50s. It's important to develop a strategy that will help you re-establish financial stability.

You have an impressive financial portfolio that has specific needs. Make sure you’re taking advantage of the services your financial advisor can provide.

Investing with an eye toward promoting social, political, or environmental concerns (or at least not supporting activities you feel are harmful) doesn't mean you have to forgo pursuing a return on your money.

Could You be Missing a Critical Piece of Your Portfolio Management?

Edward Garruto, CFP®

Thursday, April 11, 2019

Why you should be checking your allocation just as much as – if not more than – your performance.

Some young investors are wary of equities. They remember how the 2007-09 bear market hurt their parents' retirement accounts. But it's important to recognize that Wall Street downturn for what it was: a regular part of the economic cycle.

It’s unfortunate that we don’t always receive the salary we deserve. However, asking for a raise at the right or wrong time can influence the outcome. Here are some ways to tell when it’s the right time to ask for a raise, and how to do it.

Bucket lists can help you get a sense of what you have left to discover in the world. If you're looking for inspiration for your bucket list, read on for insights into how to make those dreams happen.

Leaving your company is a life milestone that profoundly affects your financial and emotional wellbeing. However, eventually circumstances may arise that indicate the time to leave has arrived. When is the right time to call it quits?

April brings showers, baseball, and historically, the best month of the year for the S&P 500 Index (for the last 20 years).

Financial mistakes can occur throughout your lifetime. Whether you're in your 40s, 50s or 60s, it's important to be aware of financial pitfalls to avoid.

As you cheer for your favorites in the NCAA Men's Basketball Championship Tournament, you may not be thinking about the cost of college – but here’s a fun bracket that shows you how the NCAA schools measure up, tuition wise.

When you enter retirement, you'll immediately notice two things: You no longer draw a salary, and you have more time on your hands. Use that time to effectively manage your finances to take care of yourself and family overtime.

Daily obligations and tasks while raising kids can make it hard to connect as a family. Learn why it's important to spend quality time with your family and how it benefits everyone.

They say timing is everything. The best time to distribute an inheritance might be right now. Here are some pros and cons of distributing your inheritance early.

Being a mom may make you a more productive worker. Two recent studies have made that claim, and the flextime often requested by working moms may be a contributing factor.

Each year, the Plan Sponsor Council of America (PSCA) surveys employers to gauge trends in retirement plan features and participation. How does your plan compare?

If you're unhappy about your retirement savings, consider these tips to help you get back on track before time runs out.

Money can be a sensitive subject to discuss with your aging parents. Before you start the conversation, consider the following four signs that your parents might be experiencing financial challenges.

While retirement is generally thought of as a utopian stage of life, upon first entering it, many find themselves struggling to fill their days.

As successful families plan to sustain their assets, they must also consider potential financial hazards. Some of these risks are not always obvious.

Find out how you can potentially improve your portfolio’s bottom line through tax-efficient investing.

Parents may not like to dwell upon their untimely deaths, but creating a will now will help ensure your family's finances.

Do you know your credit score? If it's too low, you'll want to take steps to improve it. Your credit score hinges on many factors, including high-interest credit cards, student loans, and even lack of credit.

With the cost of college continuing to increase year after year, applying to college usually involves applying for financial aid. And for many families, financial aid can be the deciding factor in which college your child will attend.

Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2018.

The S&P 500 Index has staged an impressive rally after nearly entering a bear market December 24, with U.S. stocks notching their best start to a year since 1991.

You see money one way, your partner sees it another. Don't let financial disagreements take a toll on your relationship.

Have you made your 2018 individual retirement account (IRA) contribution yet? The deadline is April 15, 2019.

You might think that those who are rich and famous would be way ahead of the curve when it comes to planning their estates properly, considering the resources and lawyers presumably available to them.

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 path, warming up in January after a...

When saving for retirement, you're probably aware of the benefits of using tax-preferred accounts such as 401(k)s and IRAs. But you may not be aware of another type of tax-preferred account that may prove very useful.

While tax scams are especially prevalent during tax season, they can take place any time during the year. As a result, it's in your best interest to always be vigilant so you don't end up becoming the victim of a fraudulent tax scheme.

Right now, many households across the country are contending with the financial pressures resulting from the partial federal government shutdown. About 800,000 federal workers have been furloughed.

Learn how the stock market can affect your retirement strategy.

On your journey to retirement, you'll likely face many risks that have the potential to throw you off course. Following are five common challenges retirement investors face.

In the simpler world of the twentieth century, parents were likely to buy brands based on a catchy jingle. Millennials are cut from a different cloth and are more likely to make purchases based on their values.

Money coaching is an excellent way to optimize your financial plans. Proper coaching promotes behavior that helps you build your wealth and rationalize retirement assets.

The new year is almost here. Have you considered your financial resolutions for 2019? Whatever your current situation, you can benefit from improving your spending and saving habits.

Outstanding student loan debt in the United States has tripled over the last decade, surpassing both auto and credit card debt to take second place behind housing debt as the most common type of household debt.

Every year, the Internal Revenue Service announces cost-of-living adjustments that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts.

Retirement. College. An emergency fund. A new home or home improvement project. If you've been saving faithfully each month for some or all of these things, you might feel that you're on a never-ending financial treadmill.

After nearly 10 years of witnessing the U.S. economy and stock market recover—and thrive—investors are starting to wonder if we've seen all this expansion and bull market have to offer.

Another year is drawing to a close, but so far neither market volatility nor market-moving headlines have shown any signs of winding down. Let's reflect on a challenging 2018 and look for bright spots in 2019.

Without setting your life goals, saving and investing can seem like a bunch of disconnected facts and figures

The holidays are quickly approaching. Consider celebrating the season by gifting savings investments to your young loved ones.

Have you saved enough for these major retirement expenses? Many people approach retirement thinking that their cost of living will decrease once they stop working. This is only partially true.

The pace and complexity of managing modern finances leave many people feeling unprepared and uncertain about their financial future. Here's a look at our process.

Its effect is subtle, yet significant. In retirement, you face a quiet financial threat. Over time, inflation may erode your purchasing power.

Stepping into retirement is great for getting in that well-earned rest and relaxation - and for taking up volunteering, no matter what that looks like.

If you're a disciplined saver, you increase the potential of enjoying a comfortable retirement. How does your savings compare to national averages?

The financial markets in 2018 experienced lots of ups and downs we haven't seen in a long time. How do you stay focused on your goals when the markets get volatile? Take this short quiz to uncover your feelings about investing.

One of the most confusing Medicare provisions is the prescription drug coverage gap, often called the "donut hole." Here's a breakdown.

Wearable technology: Useful devices you can wear at work and home. Wearable tech isn't just about being on trend. It's about creating a more efficient and informed lifestyle.

How can you make sure your teen is staying safe on the field? It's a tricky conversation. You don't want to discourage your teen from participating in a sport, connecting with peers, or learning something new.

In today's complex world of medical billing, you may have difficulty understanding exactly which procedures you're being charged for, or what the billing codes on your hospital bill mean.

A health savings account (HSA) is a tax-advantaged account that you can establish and contribute to if you are enrolled in a high-deductible health plan (HDHP).

You and your significant other are ready to take the next big step in your relationship: moving in together. While this is an exciting milestone, it's also one that should prompt you and your partner to have some serious conversations.

When you live with a chronic illness, you need to confront both the day-to-day and long-term financial implications of that illness.

One advantage of term life insurance is that it is generally the most cost-effective way to achieve the maximum life insurance protection you can afford.

The Memorial Day weekend is the beginning of the summer driving season, and — not coincidentally — often a high point in the annual ups and downs of gas prices.

Interest rates on federal student loans are set to rise for the second year in a row. This table shows the interest rates for new loans made on or after July 1, 2018, through June 30, 2019.

How critical is it for women to build retirement savings? At least as critical as it is for men, perhaps more so because of two factors. Women have a longer life expectancy than men.

You must have been pleasantly surprised to find out you'd be getting a refund from the IRS — especially if it was a large sum. And while you may have considered this type of windfall a stroke of good fortune, is it really?

An initial public offering (IPO) is the first public sale of stock by a private company. Companies tend to schedule IPOs when investors are feeling good about their financial prospects and are more inclined to take on the risk.

Often, tax-qualified retirement accounts such as IRAs make up a significant part of one's estate. Naming beneficiaries of an IRA can be an important part of an estate plan.

The federal funds rate is the interest rate at which banks lend funds to each other from their deposits at the Federal Reserve (the Fed), usually overnight, in order to meet federally mandated reserve requirements.

Buying a home can be a major expenditure. Fortunately, federal tax benefits are still available, even after recent tax reform legislation, to help make homeownership more affordable.

As people move through different stages of life, there are new financial opportunities — and potential pitfalls — around every corner. Have you made any of these mistakes?

Each year, the Employee Benefit Research Institute (EBRI) conducts its Retirement Confidence Survey to assess both worker and retiree confidence in financial aspects of retirement.

If you have a penchant for financial trivia, put your knowledge to the test by taking this short quiz.

Your life insurance needs will depend on a number of factors, including the size of your family, the nature of your financial obligations, your career stage, and your goals.

Statistics tell us that the leading cause of household stress is money. Yet many people do not have a system for knowing where their money goes once it comes in the door.

Getting married is an exciting time for a couple. However, along with this excitement come many challenges. One such challenge is how to manage your finances together.

If you're the parent of a high school student who's looking ahead to college, it's important to have a grown-up conversation with your child about college costs.

According to a Federal Reserve study, Americans use debit cards more often than credit cards, but the total value and the average value of credit card transactions are higher than those of debit card transactions.

Some individuals begin or revisit their estate planning in response to a life event; others do so when their business or career changes.

After you marry, to what degree should your financial lives be shared?

We all know men and women are different in some fundamental ways. But is this true when it comes to financial planning? In a word, yes.

Now that it's fairly common for families to have two wage earners, many husbands and wives are accumulating assets in separate employer-sponsored retirement accounts.

The more money you make, the more valuable you perceive your time to be — and the more time-strapped you may feel, according to University of British Columbia psychology professor Elizabeth Dunn.

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn't it?

A self-created last will and testament may lead to problems. As an early step in estate planning, you may be tempted to write your own will. There are some good reasons why you shouldn't.

The financial considerations of retiring “earlier” or “later.” If you can retire by choice, the question of “when” comes to mind.

Some people decide to get another college degree later in life. That typically means taking on student debt, and dealing with that debt after 40 takes planning.

Automate your retirement planning and wealth-building approach.

The Tax Cuts and Jobs Act, signed into law in December 2017, doubled the federal generation-skipping transfer (GST) tax exemption to $11.18 million in 2018 (adjusted for inflation in later years).

The Tax Cuts and Jobs Act, signed into law in December 2017, approximately doubled the federal gift and estate tax basic exclusion amount to $11.18 million in 2018 (adjusted for inflation in later years).

College students and their parents expected changes after the Tax Cuts and Jobs Act of 2017 was passed. Here's what takes effect in 2018.

Most people will receive Social Security benefits at some point in their lifetimes, but how much do you know about this important source of income? Take this quiz to learn more.

Owning shares of stock or stock funds might increase the value of your portfolio in one of two fundamental ways: capital appreciation (i.e., price increases) and dividend payments.

Wealthvision is designed to consolidate all of your accounts, assets and information into one secure location, making your personal financial life easier.

Ever since a legal secretary named Ida May Fuller received the first retirement benefit check in 1940, women have been counting on Social Security to provide much-needed retirement income.

Nowadays, it's easier than ever to get caught up in the cycle of credit card debt. In fact, it's become a growing problem for many Americans.

Creating a budget is the first key to successfully manage your finances. Knowing exactly how you are spending your money each month can set you on a more clear path to pursue your financial goals.

The Tax Cut and Jobs Act substantially increased the standard deduction amounts for 2018 to 2025. It also eliminated or restricted many itemized deductions for those years.

The Equifax data breach was initially announced in September 2017, with an estimated 143 million Americans affected. In early March of 2018 it was announced that an additional 2.4 million consumers were affected as well. [i] While many...

Going through years of accumulated possessions and memories is probably not how you envisioned spending part of your retirement. It may sound like a daunting and emotionally draining task, but downsizing could be a good move.

Are employer wellness programs worth the investment? A review of some of the key studies examining the topic seems to indicate that such programs may indeed bring a variety of organizational benefits, depending on your objectives.

529 plans were created 22 years ago, in 1996, to give people a tax-advantaged way to save for college. Roth IRAs were created a year later, in 1997, to give people a tax-advantaged way to save for retirement.

Severe weather can test even the most seasoned homeowners. And while storm hazards such as power outages, downed trees, and flooding can result in costly damage to your home, they can also put your family's safety at risk.

Critical illness insurance will pay you a lump sum if you are diagnosed with certain illnesses or injuries.

Being named as the executor of a family member's estate is generally an honor. It means that person has been chosen to handle the financial affairs of the deceased individual and is trusted to help carry out his or her wishes.

If you or a loved one needs long-term care, other choices besides nursing home care may be available. Here are some of the other options. Home care Most people would prefer to stay in their homes as long as possible. Depending on your...

Inflation is one of the key factors you will need to consider when planning for retirement. Not only will the cost of living rise while you're accumulating assets for retirement, but it will continue to rise during your retirement.

It's human nature to put off complicated or emotionally heavy tasks. Talking with aging parents about their finances, health, and overall well-being might fall in this category.

Money is power. A fool and his money are soon parted. A penny saved is a penny earned. Money is the root of all evil. Do any of these expressions ring true for you?

Sadly, for many women, becoming a widow is a first step toward economic hardship. That's why it's critical for you to organize your finances after your spouse's death and take ongoing steps to secure your financial future.

Are you planning to go back to school but not sure how you'll pay for it? If you're currently employed, a good starting point is to find out whether any employer-provided education benefits are available to you.

On December 22, President Trump signed the 2017 Tax Cuts and Jobs Act into law. Although the depth of detail of this new law may be intimidating, on balance, we believe its passage provides firmer footing for investors as we begin 2018.

You may not mind if a legitimate robocall provides a helpful announcement from your child's school or an appointment reminder from a doctor's office. But sadly, criminals often use robocalls for nefarious purposes.

Women face special challenges when planning for retirement. To meet these financial challenges, you'll need to make retirement planning a priority.

Just getting out into the "real world?" These six steps can help your bottom line.

Does your company use electronic data? Does it store or communicate potentially sensitive information about customers, employees, or competitors? If so, then a breach of that data could cost your company plenty.

It's no secret that the demographic profile of the United States is growing older at a rapid pace. GDP growth during this recovery has been weak. Could demographic changes be the reason?

Even if you're generally comfortable with your finances, you may occasionally worry about how much you're spending, especially if you consistently have trouble saving for short- or long-term goals.

Statistically speaking, women live longer than men; if you're married, that means that the odds are that you're going to outlive your husband. That's significant for a couple of reasons.

A will is often the cornerstone of an estate plan. Here are five things you can do with a will.

You may think that the chances of becoming disabled during your working years are slight, and even if you did get hurt or had to miss time at work, you could get by because you have group disability insurance.

There is no magic formula to determine how much you or your child should borrow to pay for college. But there is such a thing as borrowing too much. How much is too much? Here are some guidelines.

Trimming college costs up front can help families avoid excessive college borrowing and the burdensome student loan payments that come with it. Here are some ideas.

As you progress along your career path, there's no telling how far you'll go. But to fully reap the financial rewards of all your hard work, you'll need to take charge of your own career--here are a few issues you'll want to address.

For several years, the Social Security Administration mailed statements every five years to people starting at age 25, but due to budgetary concerns, the SSA has stopped mailing Social Security Statements to individuals under age 60.

With some private colleges now crossing the once unthinkable $70,000-per-year mark in the 2017/2018 school year, and higher costs at public colleges, too, financial aid is essential for many families.

It's a catch-22: You feel that you should focus on paying down debt, but you also want to save for retirement. It may be comforting to know you're not alone: 18% of today's workers describe their debt as a major problem.

The opportunity to acquire company stock — inside or outside a workplace retirement plan — can be a lucrative employee benefit. But having too much of your retirement plan assets in one investment could expose you to concentration risk.

Women are increasingly taking responsibility for managing their own money. However, many women, including high-level professionals who are experts in their field, may not feel confident about their investing abilities.

The Federal Open Market Committee (FOMC) adjusts interest rates to help keep inflation near a 2% target. How is this calculated?

If you plan to continue working after you reach age 65, you may be wondering how Medicare coordinates with your employer's group health plan. Here are some guidelines on how to compare coverages.

Life can be busy. The requirements of work and family often leave little time to step back and think about where you've been and where you're heading. But as your responsibilities grow, so does your need for life insurance.

Women in the workforce generally earn less than men. While the gender pay gap is narrowing, it is still significant. The difference in wages, coupled with other factors, can lead to a shortfall in retirement savings for women.

If you're the parent of a young adult who is still living at home, you might be wondering whether this situation is commonplace.

How much do you know about market basics? Put your investing IQ to the test with this quiz on stocks, bonds, and mutual funds.

Planning on working during retirement? Recent studies have consistently shown that a majority of retirees plan to work at least some period of time during their retirement years. Here are some points to consider.

Yes, you can make a direct or 60-day rollover from a 401(k) plan [or other qualified plan, 403(b) plan, or governmental 457(b) plan] to a Roth IRA, as long as you meet certain requirements.

It's a vicious cycle: Money is one of the greatest causes of stress, prolonged stress can lead to serious health issues, and health issues often result in yet more financial struggles.

You've probably heard the news that the Federal Reserve has been raising its benchmark federal funds rate. The Fed doesn't directly control consumer interest rates, but changes to the federal funds rate often affect consumer borrowing costs

It's no secret that today's college graduates face record amounts of debt. Approximately 68% of the graduating class of 2015 had student loan debt, with an average debt of $30,100 per borrower — a 4% increase from the prior year.

Women face special challenges when planning for retirement. Many generally work fewer years and save less, leaving many to rely on their husbands' savings and benefits to carry them both through retirement.

The Employee Retirement Income Security Act was enacted in 1974 to protect employees who participated in retirement and certain other employee benefit plans. The fiduciary provisions of ERISA protect participants from the mismanagement and

For many workers, there may be mathematical and psychological advantages to keeping the pension. However, a lump sum could provide financial flexibility that may benefit some families.

You've been saving diligently for years, and now it's time to think about how to convert the money in your traditional 401(k)s (or similar workplace savings plans) into retirement income. But hold on, not so fast.

Tips For Talking to Your Aging Parents About Their Finances

Edward Garruto, CFP®

Friday, March 10, 2017

One of the most difficult conversations many of us face with parents is talking about money.

When your career is peaking and you are preparing for your own retirement, you may find yourself in the position of having to help your children with the financial challenges of young adulthood while also looking after your aging parents.

When you determine your retirement income needs, you make your projections based on the type of lifestyle you plan to have and the desired timing of your retirement.

Being self-employed has many advantages — the opportunity to be your own boss and come and go as you please, for example. However, it also comes with unique challenges, especially when it comes to how to handle taxes.

If you're satisfied with your current coverage, you don't need to make changes, but you should review your options before you decide to stay with your current plan.

The success of a business, especially a small business, is often predicated on the performance and retention of a few key employees. Here is one way owners can try to retain and reward their key employees.

If you've been designated as the beneficiary of a traditional or Roth IRA, it's important that you understand the special rules that apply to "inherited IRAs."

In an ideal world, your retirement would be timed perfectly. Unfortunately, this is not a perfect world, and events can take you by surprise. What if you retire during a market downturn?