What Happens to My Retirement When I Die? Legacy Planning for Retirement Accounts
Published April 14, 2016 6125 Views
With an aging population, one question that comes up more and more often from clients is: where does my money go when I die? The flip side to that question is to ask: where do you want your money to go after you die?With the increasing popularity and accessibility of retirement plans, many Americans...
Financially Preparing for Divorce
Published April 6, 2016 6112 Views
While not a topic most people may wish to discuss, divorce is a reality for an increasing number of Americans. Obviously an emotionally charged time for you and your family, most divorce attorneys suggest thinking about how to divide your financial responsibilities as early as possible. Here are som...
Dividend-paying Stocks: A Staple for Your Portfolio
Published March 29, 2016 6218 Views
In my opinion, no matter your age or your approach to investing, there is one kind of investment that may be considered for your portfolio: dividend-paying stocks.While hardly the sexiest of investment choices, dividend-paying stocks may offer a difficult-to-beat combination -- good quality and a hi...
Tips for Creating - and Sticking to your Budget
Published March 21, 2016 6889 Views
Whether you don't have a personal budget and find yourself at the end of the month not having anything left over to save for a rainy day or you always have enough for a rainy day but never crafted a budget; you absolutely should. While it might seem like a chore to build a budget and track all your...
Planning for Incapacity: Four Essential Documents
Published March 8, 2016 6069 Views
I cannot tell you how many clients have expressed concern to me about aging. Specifically, they have had emotional, physical, and financial challenges in caring for their 80-something year old parents and do not want to put that burden on their own children.Yet even before old age becomes an issue,...
Am I Next to Retire? : A Boomer Question
Published February 26, 2016 6283 Views
One of the largest generations in our history has already started to enter retirement, the Baby Boomers. In addition, over the past few years many of Rochester's historically large corporate employers have experienced tough times, among them Kodak, Bausch & Lomb, and most recently Xerox. The combina...
2016: Bull or Bear
Published February 11, 2016 6700 Views
While we are off to one of the worst starts to the year ever many wonder can US stocks still have positive returns in 2016? As the market is down roughly 10% year to date, it is reasonable to assume that if you're not 100% in cash or CDs most investors are losing money. Why?Many attribute this volat...
SURPRISE! Social Security Is Changing
Published February 4, 2016 6032 Views
Many of you have likely heard or read about the seemingly sudden new legislation that has closed the door on some popular Social Security claiming strategies. Congress described the changes to Social Security as "closing unintended loopholes" in order to protect the solvency of the overall Social Se...
Don't be a worry wart
Published January 25, 2016 6026 Views
Surprisingly, stocks have had the worst start to the year EVER. Unfortunately, that makes people scared. This article cites Google Trends statistics that the phrase "sell stocks" is the most popular internet search since 2008 (the year of our most recent financial crisis). While we can give people a...
Fear Itself
Published January 19, 2016 6096 Views
"The stock market is a device for transferring money from the impatient to the patient." - Warren BuffetHardly has there been a more inglorious start for the markets than this. With the S&P 500 down 8% in two weeks, anxious would be a euphemism. But for the dates displayed on the front of newspapers...