Trusted Financial Partners.
We'll Be There.

Rochester: 585.473.3590
Batavia: 585.344.1850
Lockport: 716.304.2102

Search Blog

CONTACT US

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Search Blog

CONTACT US

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Both Ways for the Banks?

Published February 22, 2010 4110 Views

By now everyone has heard and read plenty about the bad loans of the big banks, their trading against their own customers and bonds deals, and their collapses and near-collapses. The giant bailouts have been exhaustively chronicled as have the banks' robust rebounds. But the history of the last 30...

Read More

Quit your whining and take some accountability

Published February 19, 2010 3872 Views

In the last issue of Vanity Fair, Goldman Sachs president Gary Cohn and CFO David Viniar stated that their company would have been better off without government assistance throughout the financial crisis. This was just days after a New York Times article stated that several top lieutenants each dum...

Read More

Higher Interest Rates = Good News?

Published February 19, 2010 3850 Views

Late yesterday after US financial markets had closed, the Federal Reserve Bank announced that it will raise the discount rate by a quarter of one percent from .50% to .75%. The discount rate is what the Fed charges for short-term loans to banks. Overnight, stock and bond markets in Asia and Europe...

Read More

Reasons to Roll

Published February 16, 2010 3815 Views

When an employee leaves his or her job, they have a couple of different choices on what to do with their 401(k): 1) They can withdraw the money and spend it as they please, but this comes with a heavy price tag. All the money that is taken out of the plan becomes taxable income that they will h...

Read More

Greece, China, and Your Car.

Published February 12, 2010 4042 Views

What do those two countries have to do with the price we'll pay at the pump this weekend? Stay with me - I promise to keep it short. You already know that Greece is in financial trouble. Rumored rescues for the profligate Peloponnese helped send our stock market higher yesterday. But today there a...

Read More

The Battle for 10,000

Published February 11, 2010 3708 Views

The Dow Jones Industrial Average has been a standard by which to judge the US stock market for over a hundred years. As I write this the DJIA is up about 100 points to 10,134. Over the last week the average has dipped below then back above that magical 10,000 mark a number of times, inciting finan...

Read More

ROTH IRA conversion strategies for 2010

Published February 10, 2010 3931 Views

You can reverse a ROTH conversion if your investment goes south. If you convert an account in 2010, you'll have until Oct. 17, 2011, to "recharacterize" it back to traditional IRA status. So if the account tanks between now and then, you can use the recharacterization privilege to reverse the conver...

Read More

Making Money in a Down Market

Published February 9, 2010 3753 Views

From early 2008 to March 2009 the S&P 500 lost more than half its value, a noticeable amount to say the least. As the house of cards began to fall people understandably began to become nervous. Many stopped contributing to their 401(k). Their thought was 'Isn't dumping money into a falling marke...

Read More

My Big Fat Greek Default?

Published February 9, 2010 3894 Views

Over the last few weeks, world financial markets have been roiled, with the bellwether S&P 500 index off 8% since late January. That's a rude shock to investors who had seen markets rise steadily for the last 22 months. We get asked about financial markets every day so we need to have an answer...

Read More

Buying Premium Bonds? - Don't Forget to Vote!

Published February 8, 2010 3808 Views

You don't really get to vote when it comes to bonds - but there is an election that can save you money today. Bonds are purchased at a premium when the bond is purchased at a price in excess of its maturity value. For a taxable bond, the premium remains part of a taxpayer's basis in the bond until...

Read More

We place you at the center of your financial plan.

Contact Us