Blog

^{By: Patrick Cote}

What does being “rich” actually mean?  I was recently asked this question by a client when we started talking about HENRYs (High Earners, Not Rich Yet).  It is a great question and the answers will vary from person to person.  Please note that we are talking about being financially rich, as there are other aspects of our lives that can also be rich.

^{By: Kate Hennessy}

You have spent the past 40+ years accumulating assets and saving.  You’ve been on autopilot and have enjoyed the ride.  You have this number in your head – I want to retire at 65, 67, or 70.

^{By: Susan Powers}

The new Setting Every Community Up For Retirement Enhancement (SECURE) Act was just signed by President Trump on December 20,2019.  For individuals and small business owners, there are several ways the SECURE Act may affect you.  Highlighted below are a few of the ways the new legislation will impact IRA and employer plan withdrawal options and new rules for small businesses starting a retirement plan effective January 1, 2020. 

IRA and Employer Plan Withdrawals

^{By: Kate Hennessy}

With the new year and new decade upon us, one of your resolutions may be to save more or get your financial house in order.  I wanted to kick off the year with the top three reasons why people don’t ask an expert for help with their finances.  For those of you that haven’t hired an advisor, one or more of the reasons may resonate with you.

12/17/2019 - originally aired on Sirius XM Channel 132, Business Radio Powered by the Wharton School

^{By: Susan Powers}

I recently hosted an evening with friends, food and wine where we discussed the current state of markets, the unique needs of women investors and the importance of aligning your investments with your goals.

The audience was diverse: single, married, small business owners, contractors working from home and retirees.  Their perspectives and questions were equally diverse.

^{By: Patrick Cote}

That time of year again!  While we are in the midst of holiday season, the last thing many of us want to do is sit down and think about taxes.  However, taking a few minutes to focus on some specific areas can make a big difference.

With that in mind, we prepared a list of 10 key items to focus on before 12/31:

1.  Donate appreciated assets

^{By: Kate Hennessy}

During this time of year, I think about how grateful I am to have a healthy family.  Although our household is hectic, with two young children and a playful puppy, I don’t take our health for granted.  While our family makes donations to charitable organizations throughout the year, we tend to donate more of our time and money towards the end of the year.  This year our focus will be on charities that provide healthcare and education for children.

It’s a great question.   Cash balance plans continue to be the faste

^{By: Patrick Cote}

If you are a small business owner making $400K - $600K, there is a large potential tax savings that you have likely not heard about.  It involves combining the new 20% QBI deduction with a cash balance/defined benefit plan.

Last week I hosted a gathering of clients and friends to talk about the process of a year end check up. I know, you’re probably thinking more about football, weekend gatherings and getting ready for the holidays, and so were they. But a little time invested now, can payoff in multiple ways. 

3 Key Takeaways: