Blog

It seems many people we talk to tend to believe that when they reach retirement, Social Security will be dried up. Behind the scenes, the Social Security Administration (SSA) are adjusting the program to get this under control. To help you understand these changes, here is a reminder of how the SS...

The greater Rochester-area has several publicly traded companies right in our own backyard. While some names remind us of the prior lifeblood of the local economy – Xerox or Kodak – there are several companies that have replaced them as our dynamic economy continues to adapt to the times...

Unemployment claims have skyrocketed over the past month. Many folks are without a job for the first time in their careers—this can be an overwhelming time. Being left without your job can leave you detached from your 401k, 403b, or 457 plan. If this has happened to you, there are several opti...

Frontier, originally Rochester Telephone Company, filed for Chapter 11 Bankruptcy this week. Frontier provides TV, internet, and phone services to both business and residential customers across 29 states. Current service to these customers should be uninterrupted, though there may be a decline in cu...

The government began issuing the one-time payments this week, and some of you may have been checking your statements this morning and have noticed that they have already been deposited electronically into your account. Most adults who earned up to $75,000 will see a $1,200 payout, while married coup...

When planning a newsletter that will be distributed in early April, tax filing deadlines and last-minute IRA contributions are topics worth hammering home. It’s safe to say by now, this is no ordinary April and that 2020 is no ordinary year.  COVID-19 has brought much uncertainty into our...

At the close of the market on 4/7, the S&P 500 was up 19% from its March 23, 2020, low, but it’s still more than 20% below its February high. Volatility has been the economic norm of COVID-19. That being said, what, if anything, should you do with your 401(k)? Here are some common question...

There’s this lingering myth of “old money families” where wealth is easily passed from generation to generation. But studies have shown wealth attrition to be more common, as bad investment decisions, mismanagement and dilution of assets between heirs eats into the family...

Well, that seems to be the question we all want answered.  From our perch we are working through it, both on the financial and the healthcare sides.  In our last post we believed it would get worse before it gets better on the healthcare side, and unfortunately it seems we were correct.&nb...

In light the Governor Cuomo’s recent Covid-19 workforce reduction announcement, which lists banks and other related financial institutions as essential businesses, Brighton Securities will be remaining open, but our doors will be locked. We will maintain our standard hours of operations; howev...