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Retirees on Required Distributions: Upcoming Repayment Deadline

Published: July 17, 2020 1:46:30 pm 174 Views

Tax Day deadline was Wednesday, July 15th, but there’s another important upcoming deadline you should be aware of. The deadline for anyone who wishes to return money taken out of retirement accounts in 2020 is Aug. 31st. Since March’s CARES Act, for 2020, required minimum distributio...

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July 15 Tax Deadline For 2019 Returns And 2020 Estimates: Save For Retirement & Save On Taxes

Published: July 13, 2020 3:36:38 pm 295 Views

To say it has been a long tax season is an understatement. The IRS has undoubtably struggled to serve taxpayers during Covid-19, with tax refund delays, collections notices with past due dates and missing stimulus payments. Simultaneously, the IRS has issued guidance on coronavirus-related tax...

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5 Financial Mistakes Made During Divorce

Published: July 9, 2020 10:46:33 am 294 Views

How can you achieve a better financial resolution after divorce? Here are five common mistakes to avoid: Waiting to Consult a Financial Expert You need to have a comprehensive understanding your assets, including tax consequences, earning power, transaction costs and liquidity challenge...

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July 2020 Newsletter

Published: July 8, 2020 1:54:06 pm 202 Views

July 2020 Newsletter

Wishing you a happy and healthy start to summer.  It seems as if we sent our last newsletter out three years ago, instead of three months ago!  Things have certainly changed since then, including the stock market which rallied to its best quarter in more than 20 years following a near 40%...

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Lifestyle Inflation: Your True Cost

Published: June 25, 2020 9:15:05 am 351 Views

Lifestyle Inflation can be defined as “an increase in spending when an individual's income goes up. Lifestyle inflation tends to become greater every time an individual gets a raise and can make it difficult to get out of debt, save for retirement or meet other big-picture financial g...

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Social Security Changes & Adjustments

Published: May 1, 2020 2:28:29 pm 716 Views

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...

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Reviewing Rochester’s Public Companies

Published: April 27, 2020 2:18:22 pm 783 Views

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...

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Employer Sponsored Retirement Plans - What to do with your plan if you lose your job

Published: April 23, 2020 9:23:29 am 832 Views

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...

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Frontier Files for Chapter 11 Bankruptcy. What Does This Mean for You?

Published: April 16, 2020 10:21:45 am 846 Views

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...

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Covid-19 relief checks won't have to be repaid

Published: April 15, 2020 12:44:33 pm 627 Views

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...

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