Blog
When Should I Start Taking Social Security: 5 Factors to Consider
Social Security decisions are often framed as a single question: “When should I start drawing benefits?” That question matters, but it can also be limiting. The better question is: how does Social Security fit into my overall...
Read MoreTeaching Teens and Young Adults Financial Literacy Through Real-Life Decision Making
If you are a parent of a teen or young adult, how do you teach them to make confident money decisions before the stakes are high? Teaching teens and young adults about money is less about formal instruction and more about repeated...
Read MoreAn important day for the Blecker Family, Reid becomes a Bat Mitzvah!
Becoming a father has been an unbelievable milestone in my life. There have been several, including becoming a partner at Eastern Planning, Inc. However, in my life as a parent, watching Reid go to the Bimah on Saturday and read from...
Read MoreHelping Adult Children Buy a Home: How to Gift a Down Payment The Smart Way
Key TakeawaysHere are some questions this blog aims to answer:How can parents or grandparents help with a down payment for adult children?What are ways to gift a down payment, and how do the annual gift tax exclusion and lifetime...
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What a 5 Dollars Frappuccino Can Teach Teens About Building Wealth
April is National Financial Literacy Month, and if you're looking for one conversation that could change how the teens and young adults in your life think about money, start with their coffee order.The $5 That Could Be Worth Half a...
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Three Numbers Every Woman Should Know
Key TakeawaysHow much wealth are women on track to control in the next decade, and why does that matter?What does the life expectancy gap between women and men mean for how long money needs to last?How common is it for women to be...
Read MoreTax Prep vs. Tax Strategy: The Difference Matters More Than You Think
Key TakeawaysTreat tax strategy as a continuous process, not a once-a-year filing exercise.Coordinate with financial and tax professionals throughout the year to identify opportunities for efficiency.Review contribution limits,...
Read MoreUnderstanding the Emotions Behind Financial Decisions
Key TakeawaysEmotions and biases might influence financial choices more often than most people realize.Behavioral patterns, such as loss aversion, familiarity bias, and herd mentality, can impact long-term results.Recognizing emotional...
Read MoreAI and the New Face of Fraud: How to Protect Your Identity and Finances in 2026
Artificial intelligence (AI) may be the most revolutionary technology of our time, with industries scrambling to embrace its possibilities. AI’s early influence seems similar to the positive disruptions brought about by past...
Read More2025 in Review and What You Should Know
As we begin a new year and consider the opportunities ahead, reflecting on the past year helps put today’s financial landscape into perspective and informs the strategies that can move us closer to our goals.2025 was a year marked by...
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Your 2025 Year in Review and Strategic Opportunities for 2026
As we begin a new year, we wanted to take a moment to reflect on the developments of 2025 and share what we're watching as we move into 2026. This past year brought policy changes that are reshaping the financial landscape and creating...
Read MoreGoal Setting That Sticks: Simple Ways to Turn January Motivation into Lasting Wins
Key Takeaways and Suggestions for Successful Goal Setting Use SMART Goals for Clarity and FocusSet goals that are Specific, Measurable, Achievable, Relevant, and Time-bound. This proven method helps break big ambitions into manageable...
Read MoreYear-End Giving Strategies: Tax-Smart and Impactful
Key Takeaways A third of annual donations: About one-third of all charitable contributions are made in December. Donating before December 31 may offer tax advantages. New rules starting in 2026 (via the OBBB Act) may affect deductions...
Read MoreThe True Costs of Caring for Aging Parents
Key Takeaways Caring for aging parents is a growing reality for many Americans. The number of family caregivers in the U.S. has jumped to 63 million, a 45 percent increase over the past decade, making 1 in every 4 Americans a...
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AI, Headlines, and Your Portfolio: Context That Helps
You’ve likely seen headlines comparing today’s AI-driven market to the late-1990s dot-com era. We take those comparisons seriously. This note outlines what’s different today, what still deserves caution, and, most importantly, how...
Read MoreMoney Talks: How to Use Holiday Gatherings to Start Family Financial Conversations
Key Takeaways Year-end holidays may be a good time to initiate a discussion about financial matters that may impact your family. If you have adult children, you may want to discuss your financial situation, estate strategy, and legal...
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Government Shutdown: What It Means for Social Security & Your Portfolio
As you’ve likely seen, the federal government shut down as of October 1, 2025. These episodes are frustrating and disruptive, but they’re not new, and history gives us a helpful perspective. Below are the key points we want you to...
Read MoreShould You Pay Off Your Mortgage Early?
Receiving a bonus, inheritance, or an increase in income often prompts a key financial question: Should I use this money to pay off my mortgage, or invest it? At first glance, the answer might seem simple. But in reality, it requires...
Read MoreA 2025 Guide to Protecting Seniors from Fraud
If you’ve found yourself stepping into a more active role in your parents’ financial lives, you’re not alone. Some of us are helping aging parents navigate everything from healthcare decisions to bill payments—and increasingly, we’re...
Read MoreSmart Moves to Consider Before Year-End
The final months of the year can sneak up quickly, and with them come deadlines, decisions, and distractions. Before the holiday season takes over your calendar, fall can be a valuable window to revisit your financial strategy and...
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A 2025 Guide to Protecting Seniors from Fraud
We've seen a sharp rise in scams over the past year, many of them more convincing, personalized, and sophisticated than ever. While older adults remain a top target, the tactics are evolving to exploit just about anyone. Today's scams...
Read MoreBreaking Down the One Big Beautiful Bill Act: What You Need to Know
The Tax Cuts and Jobs Act of 2017 (TCJA) included lower federal income tax brackets, bigger standard deductions, and higher gift and estate tax exemptions, among other provisions. The law stipulated that some of those tax breaks would...
Read MoreWhy More Families Are Choosing to Gift Wealth Earlier—and How to Do It
Estate management isn’t just about what happens after you’re gone— it’s also about what you can do now to help manage future estate taxes, transfer wealth strategically, and attempt to create a meaningful impact during your lifetime....
Read More35 Ways Eastern Planning Can Help You Work Toward Your Goals
Here at Eastern Planning, Inc. we want to help. So, I am going to ask for a minute--or five or six--and explain more about what we do. Perhaps you will notice gaps in the service you are currently receiving. Perhaps you hae been a "Do...
Read MoreWhat You Need to Know About the 2025 Changes to Inherited IRA Rules
The rules regarding inherited IRAs have changed in the last five years, and failing to comply with the new requirements may result in IRS penalties. These changes affect people inheriting IRAs and those looking to leave retirement...
Read MoreBeyond Salary: Understanding Your Total Compensation
Compensation is more than just a number on a paycheck. Whether you're exploring new opportunities, preparing for a promotion, or evaluating your current benefits, it’s important to understand the full value of your total...
Read MoreHow Much Do You Really Know About Stock Market Indexes?
While you may follow the various stock indexes on the nightly business news, how much do you know about their histories, how they work, and why they're important? We pulled together some information and interesting facts about some of...
Read MoreHow Do You Turn Retirement Savings into a Reliable Income Strategy?
You’ve likely spent years building your retirement nest egg—saving diligently, investing wisely, and contributing to retirement accounts along the way. But transitioning from earning a paycheck to relying on your savings can feel...
Read More“The Four Most Dangerous Words In Investing Are: ‘This Time It’s Different.’” – Sir John Templeton
Despite those who say the conventional wisdom that has guided investor actions over the years is no longer valid in 2025, remember the famous quote from legendary investor Sir John Templeton: "The four most dangerous words in...
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How to Make the Most of Your Money After You Retire
For many people, retirement is one of the biggest financial goals—and one of the biggest questions. Whether it’s just around the corner or still years away, the challenge remains the same: how do you turn the money you’ve saved into...
Read MoreWhat’s the Job Market Look Like for 2025 Graduates?
It’s graduation season—a time of celebration and new beginnings. For families with college seniors, this time can bring both excitement and uncertainty. While some graduates have jobs lined up, many others still are navigating job...
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What Does the Job Market Look Like for 2025 Graduates?
It’s graduation season, a time of celebration and new beginnings. This time can bring excitement and uncertainty for families with college seniors. While some graduates have jobs lined up, others still are navigating job searches...
Read MoreWays you can go on offense during this market volatility.
Recent headlines and the market's pullback may understandably leave you feeling uneasy. It's moments like these when Sir John Templeton’s famous insight becomes especially valuable: “The four most dangerous words in investing are:...
Read MoreFrom College Acceptances to Affordability: Considerations for Families in the Final Stretch
April is a pivotal time in the college admissions process. After years of preparation, saving, and investing—not to mention the countless hours spent on exam prep, campus visits, and perfecting applications and essays—the finish line...
Read MoreSpring Into Financial Wellness: Actionable Steps for Financial Literacy Month
April isn’t just about filing taxes—it’s also Financial Literacy Month, a perfect opportunity to reflect on your financial habits, expand your knowledge, and take meaningful steps toward improving your financial well-being. Whether...
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Financial Literacy Month: Optimizing Your Financial Wellness
April isn’t just about tax deadlines—it’s also Financial Literacy Month, a good time to assess your financial strategy. While many people focus on budgeting or saving, true financial wellness goes beyond the basics and requires...
Read More10 Things You Can Do Now to Help Simplify Your Estate for Your Heirs
One of the greatest gifts you can give your loved ones is a thoughtful estate strategy that outlines your wishes after you are gone. Discussing estate details with your team of professionals is another way to help manage your legacy...
Read MoreThe Evolving Role of Women in Family Finances
March is Women’s History Month, and according to a recent survey, 49% of women consider themselves to be the chief financial officer of their households, up from 41% in 2021.1 Those numbers are even more impressive when you consider...
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Women’s History Month – The Evolving Role of Women in Family Finances
March is Women’s History Month, and according to a recent survey, 49% of women consider themselves to be the chief financial officer of their households, up from 41% in 2021.1 Those numbers are even more impressive when you consider...
Read MoreDon’t Leave Money Behind: Finding Your Missing 401(k)s
You've worked hard throughout your life to build assets to support your retirement. As financial professionals, one of the most critical functions we provide is helping clients determine their retirement income needs and structuring a...
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Forgotten Retirement Accounts: Don’t Leave Money Behind
Did you know that as of May 2023, there were over 29 million forgotten retirement accounts in the U.S., holding nearly 1.65 trillion dollars in assets?1 This situation is more common than you might think. According to the Bureau of...
Read MoreTax Season Brings a New Wave of Identity Theft Risks
Tax season brings a new wave of identity theft risks, with criminals ready to exploit your personal data to file fraudulent tax returns in your name. Imagine the shock of discovering that a criminal beat you to filing your...
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Be On the Lookout: Criminals Filing Tax Returns in Your Name
Here’s a scary fact: The Federal Trade Commission (FTC) reported that individuals lost over 10 billion dollars to fraud in 2023—a 14% increase from the previous year—with over 2.6 million consumers falling victim.1 Furthermore,...
Read MoreBe Prepared: Essential "Go Bag" Items
Recent natural disasters, including the devastating Los Angeles wildfires, are a serious reminder of how quickly emergencies can arise and how important it is to be prepared. Many of us have likely asked ourselves, “What would I do if...
Read More10 Facts You May Not Know About Social Security
Social Security is often misunderstood or underestimated in retirement strategy. However, as financial professionals, we've seen how it can play a crucial role in our clients' overall financial strategy, regardless of their income...
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3, 2, 1…Happy New Year! 🎇
Happy New Year! Here’s to a fantastic January. The new year is often a time of reflection, renewal, and embracing new opportunities in the year ahead. Many of us are ready to kickstart 2025 with a fresh set of goals to accomplish over...
Read MoreInnovative New Year's Resolutions: Financial and Personal Growth Strategies for 2025
Looks like New Year's resolutions are still going strong in 2024! A recent Pew survey found that about a third of Americans kicked off the year with at least one resolution, and many people actually went for multiple goals. It's...
Read MoreKey Financial Insights from 2024 and Looking Ahead to 2025
As we approach the end of 2024, it's an opportune time to reflect on the year's financial developments and consider what 2025 may bring. We believe in understanding both the past and potential future of our economic landscape, which...
Read MoreNavigating Healthcare Costs in Retirement: Life After Employer-Sponsored Health Insurance
As you approach retirement, a critical aspect of your retirement strategy can catch even the most financially savvy individuals off guard: healthcare costs. For decades, you may have enjoyed employer-sponsored health insurance. As...
Read MoreA Different Kind of Year-End Review: 10 Steps to Reflect and Recharge
Financial professionals typically have a year-round focus on monetary goals and wealth management strategies. However, we also believe that true financial well-being is intrinsically linked to your overall life satisfaction and...
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Happy Veterans Day!
Thank you to our military personnel for the sacrifices you have made for our freedom. Happy Veterans Day!
Read MoreYear-End Giving Strategies: Maximizing Your Impact
America is a generous country. People with diverse backgrounds can unite for a good cause, whether to benefit their local communities or the broader world. As we enter the holiday season, now is a great time to think about your giving...
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‘Tis The Season For Thanks and Gratitude 🦃
How is it already November? On November 28th, we'll gather with friends and loved ones to express our thanks and gratitude as we indulge in a delicious Thanksgiving feast. Though eating turkey is an essential part of Thanksgiving for...
Read MoreExploring the Financial Impact of Electric Vehicles
As financial professionals, we’ve noticed a trend among our clients: an increasing interest in electric vehicles (EVs). To help address some of your questions, we’ve compiled this high-level guide to provide insights into the...
Read MoreSafeguarding Your Identity: Essential Tips for Financial Security
Statistics show that nearly 33% of Americans have faced some identity theft attempts in their lives, and experts estimate there is a new case of identity theft every 22 seconds. As financial professionals, one of our primary goals is...
Read MoreThe Impact of Elections on the Markets and Tax Policy
The Impact of Elections on the Markets and Tax Policy With Labor Day behind us, we're in the final stretch of the 2024 presidential election race. As we follow the news and parse the most recent polls, some may ask, "How might what...
Read MoreDon’t Be A Victim Of The Retirement Crisis
Don’t Be A Victim Of The Retirement Crisis If you think the United States has a retirement crisis, you are not alone. A recent survey found that 79% of working-age Americans believe the same thing. That percentage is up from 67% in...
Read MoreArtificial Intelligence’s Influence on the Investing Landscape
In 1999, Bill Gates wrote, “How you gather, manage, and use information will determine whether you win or lose.” Companies looking to be successful in the future should heed these words when making decisions about implementing...
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Noise Can Be Deafening
The noise can be deafening. It seems to come from everywhere, all the time. It can cause headaches, frustration, even anxiety. Sometimes, you wish you could turn it off altogether. No, I’m not referring to whatever music the kids are...
Read MorePreparing to Send a Child Off to College? Don't Forget These Important Topics
Sending a child off to college is a major milestone for any family, whether you’re a parent, grandparent, or close friend. It’s an exciting time, filled with anticipation and perhaps a bit of trepidation. There’s so much to do, and...
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August Vibes Only 🌊
In the blink of an eye, August is here! As we enter the final days of summer, many of us are looking for opportunities to escape the heat and squeeze in one last vacation before Labor Day. If you’re looking for an epic getaway, check...
Read MoreDo You Know About the New Filing Requirements for Small Business Owners?
If you are a small business owner—or plan to be one—you should be aware of a new reporting requirement. The Corporate Transparency Act (CTA), passed in 2021, changed beneficial ownership rules, which is expected to impact 32 million...
Read MoreTen Common Estate Strategy Mistakes You Should Avoid
Legacy preparation can play a key role in any financial strategy. Legacy management lets you consider what happens to everything you’ve accumulated—and may continue to accumulate—throughout your lifetime. But far too often, we’ve seen...
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Boom, Pop, Fizz Into July Fun 🎆
As we dive into the heart (and heat) of summer, we hope your days are filled with sunshine, making memories with loved ones, and relaxation. This July is expected to be hot, according to the Farmer’s Almanac, which predicts...
Read MoreKeep Your Cool and Save 💰
As a financial professional, I’m always looking for ways to help clients be more efficient with their money. Now that summer’s here, staying cool can make electricity bills skyrocket, so here are some strategies to help keep cool and...
Read MoreFinancial Wedding Tips for a Memorable “I Do”
As we enter the traditional wedding month of June, we wanted to explore the range of expenses that can be related to this special event. The average US wedding costs $35,0001 According to The Knot Real Weddings Study of nearly 10,000...
Read MoreThe Evolving Relationship Between Stocks and Bonds
Sir John Templeton once said, “The four most expensive words in investing are: ‘This time it’s different.'” And normally, we would agree. But the phrase “This time it’s different” may apply to what's happened in financial markets in...
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5 Types of Insurance Your College Student May Need
If you have teenagers, you’re likely very in touch with the adage, “One day you’re changing diapers, and the next you’re sending them off to college.” One of the results of that compressed passage of time is the bracing reality that...
Read MoreUnveil the Freedom in Planning — Live More, Worry Less
A financial plan is more than numbers and projections; it's your ticket to peace and possibility. It's a living document that not only ensures a comfortable retirement but enriches your life right now. 🌟 Freedom Through Planning:...
Read MoreCrafting Portfolios as Unique as You Are – Discover Tailored Investment Mastery
Investment success doesn't come from one-size-fits-all portfolios. Matthew, our chartered financial analyst, sculpts investment strategies that are as individual as your fingerprints, considering your goals, risk appetite, and life...
Read MoreHow Much Do You Need To Retire?
A few years ago, there were ads from financial services companies asking, “What’s your number?” The number was the money you needed to retire comfortably. This was an effective way for financial services companies to get people...
Read MoreRedefining Success: Your Retirement Plan's Long-Term Scorecard
Market dips can be unsettling, but do they define your retirement plan's success? Beth Blecker shifts the focus from short-term jitters to long-term triumphs, aligning your investments with enduring objectives. 🌟 Evaluating with...
Read MoreThe Fiduciary Difference: Retirement Planning with Your Best Interests at Heart
In the maze of financial jargon, "fiduciary" stands out. But what does it truly mean for you? Beth Blecker takes this role to heart, committing to a retirement plan that's crafted with your best interests as the guiding star. 🌟...
Read MoreIdentity Protection Strategies – Are You Doing Enough To Keep Your Information Safe?
There isn’t a week that goes by when you don’t read about some data breach. Safeguarding your personal information starts with understanding cybersecurity risks, knowing what to look for, and doing everything you can to help protect...
Read MoreTrust & Honesty: The Cornerstones of Your Tailored Retirement Plan
Trust isn't given; it's earned, especially when it comes to your retirement plan. Beth Blecker and the team at Eastern Planning are not just advisors; they're partners in realizing your life's dreams. Discover why mutual trust and...
Read MoreRetire the Myth: Why Retirement Might Be Your Time to Shine (and Spend)
Retirement's biggest myth? That you'll spend less. Beth Blecker passionately debunks this, advocating for a retirement filled with the same, if not more, joy and generosity that characterizes your current life. 🛑 The Spending Myth...
Read MoreNavigating Life's Twists: Your Plan's Resilience is its Real Strength
Life's unpredictability demands a retirement plan that can pivot with grace and strength. Beth Blecker has guided many through sudden life changes - like the couple who had to reimagine their retirement to care for their grandchildren...
Read MoreCreate a Strategy to Protect Your Wealth with Potential Estate Tax Changes Looming
At the end of 2025, portions of the Tax Cuts and Jobs Act (TCJA) are set to expire. Many changes will come with the sunsetting of many rules, including the possibility that federal estate and gift tax exemption levels will revert to...
Read MoreWhat is lifetime prosperity planning? How to Enjoy Life Today, Without Compromising Tomorrow
True prosperity isn't just about amassing wealth; it's about creating a life brimming with joy right now! Beth Blecker's approach to "Lifetime Prosperity Planning" goes beyond dollars and cents - it's about utilizing your resources to...
Read MoreYou Need More Than Just A Plan: Shape a Retirement That Rises to Every Occasion
Imagine a retirement narrative where each chapter is richer than the last, where your financial plan isn't just numbers on a page but a dynamic character in your life story. This isn't a far-off dream - it's the adventure Beth Blecker...
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You Can Celebrate Your Milestones!
With each season of life, new milestones will impact your budget. However, when you enter your 30s and 40s, these milestones have a much heftier price tag. The sheer costs can be intimidating, whether it's a wedding, a new home, or...
Read MoreGive Your Children the Gift of Financial Literacy
Give your children the gift of financial literacy. They’ll thank you later! As a parent, you are well aware of your responsibility in helping your children grow up happy and healthy. Once they enter their teen years, the pressure can...
Read MoreInvesting in a Presidential Election Year
As the presidential election race heats up, a common question on investors’ minds is, “How might the looming White House vote impact the markets?” Some may wonder if they should tweak their portfolios or sit tight...
Read MoreSECURE Act 2.0 Includes New Provision On Special Needs Trusts
Experts estimate there are more than 44 million people with disabilities in the U.S., representing 13.4% of the population.1 Many parents of children with disabilities choose to establish a special needs trust. This can help provide...
Read MoreThe Psychology of Love and Money
Money can be a touchy subject, especially regarding our closest relationships. Whether we like it or not, finance plays an integral role in our partnerships, families, and friendships. So, how can we foster healthy attitudes and...
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What does the Big Game 🏈 have to do with the stock market?
It's a fun time of year for football fans. The National Football League (NFL) playoffs are starting, and the Big Game is approaching. While most fans will tune in for the matchups, commercials, and Usher’s halftime show, a...
Read MoreRules and Regulation Changes That Could Impact Your Finances in 2024
In the ever-evolving financial landscape, staying informed about the latest changes and potential implications for your retirement savings is crucial. Shifts in retirement regulations define 2024, and we’re committed to keeping...
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When to Expect Your 1099
If you receive income from investments, dividends, education savings plans, or contract work, you’re undoubtedly familiar with IRS Form 1099. By the time April 15th rolls around, you might have even collected a hefty stack....
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Study: Hobbies Keep You Sharp
Did you know that hobbies can help you live a longer and more fulfilled life? Many scientific studies have found that having a hobby can improve your physical and mental health, keep you sharp on the job, and help your relationships....
Read MoreThe Big Game Indicator and Other Unusual Economic Theories
It’s a fun time of year for football fans. The NFL playoffs are starting, and the Big Game is just around the corner. While football fans will tune in for the matchups, commercials, and Usher’s Big Game halftime show, you...
Read MoreStudy: Hobbies Keep You Sharp
Did you know that hobbies can help you live a longer and more fulfilled life? Many scientific studies have found that having a hobby can improve your physical and mental health, keep you sharp on the job, and help your relationships....
Read MoreWhat to Know When Your Child Turns 18
Your Child is Turning 18: Handling Healthcare, Academics, and Finances Together As your child blows out the candles on their 18th birthday, you may still see your baby girl or boy. But in the eyes of the law your child is considered a...
Read More2023 Recap and 2024 Outlook: Key Events and What May Be in Store
As we get ready to turn the page on 2023 and welcome the new year with all its possibilities, we’d like to take some time to reflect on the year that was—the notable events, trends, and developments that defined our...
Read MoreTechnology Guide for Dementia Patients and Their Caregivers
If you or a loved one has been diagnosed with Alzheimer's disease or any other form of dementia, this can be an extremely challenging time. While promising new treatments are developing and research continues, a cure remains elusive....
Read More10 Financial Missteps to Avoid During a Divorce
Divorce is one of the most stressful life events. Even the most amicable splits can be complicated and emotionally draining. We likely all know couples who have gone through divorce, and it can be a trying time for everyone involved....
Read MorePreparing for the Tax Cuts and Jobs Act Sunset at the End of 2025
While we haven’t yet said goodbye to 2023, it’s not too early to begin thinking about any tax changes that may be on the horizon. The Tax Cuts and Jobs Act (TCJA) of 2017 was designed to overhaul the federal tax code by...
Read MoreThe Impact of SECURE 2.0 in 2024 and Beyond
SECURE 2.0: Changes Going Into Effect in 2024 Passed in 2019, the SECURE Act was the most substantial retirement legislation in over a decade. It contained important changes designed to help investors save more and be better prepared...
Read More10 Ideas for a Virtual Holiday Party
Many of us have adapted to a world with remote team members and back-to-back Zoom calls with customers spread across the country, which certainly has its benefits. Nevertheless, one drawback is the difficulty of getting together in...
Read MoreA Year-End Financial Checklist
Time to Think About Year-End Financial Strategies As we roll into fall and the fourth quarter, now is a good time to pause and reflect on proactive ways to set up your finances for 2024. Economically speaking, we are now in a much...
Read MoreAI's Role in Shaping Our Tomorrow: A Look Ahead
While artificial intelligence (AI) is making headlines today, the concept of "thinking machines" can be traced back to ancient philosophers and mathematicians. The phrase artificial intelligence was first used in the mid-20th century,...
Read MoreTop 10 Questions High Net Worth Individuals Ask About Social Security
Social Security, the program you may have spent a lifetime paying into, is designed to offer stability, supplemental income, and other valuable benefits that can play a role in your overall financial strategy after you retire. We've...
Read MoreUnderstanding the September Effect: What It Is and Why It Happens
If you ask the average investor which month is the most volatile for the stock market, they will probably say October. It's a reasonable answer, but it's incorrect. Despite October's reputation for market-defining events like the...
Read MoreDon't Get Hooked: A Guide to Recognizing and Avoiding Phishing
As financial professionals, we understand how vital it is to safeguard your personal and financial information. Unfortunately, in our increasingly digital world, cybersecurity risks, such as phishing attacks, have become a prevalent...
Read MoreMoney Tips for Parents Sending Children Off to College
You’ve done a great job teaching your children vital life lessons and instilling values that will last a lifetime. As summer ends and a new school year begins, one thing that shouldn’t be overlooked, especially for...
Read MoreAttention Parents and Grandparents of College-Bound Students: FAFSA Gets an Overhaul
Changes are coming to the complicated form that students must submit to qualify for college financial aid, known as the Free Application for Federal Student Aid (FAFSA).The Department of Education is calling it the “most...
Read MoreThe 6 Biggest Mistakes DIY Investors Make and How to Avoid Them
IntroductionOver the last several months, I have met with quite a few self-proclaimed do-it-yourself (DIY) investors who, after struggling with the markets in 2022, approached me asking for a second opinion. Interestingly, almost every...
Read MoreHow the SECURE 2.0 Act Changed 529 Plans
Changes to 529 plans in the SECURE 2.0 ActThe SECURE Act was initially passed by Congress at the end of 2019 and was intended to improve retirement savings opportunities. It was a big deal at the time and the most significant piece of...
Read MoreHealth Savings Accounts: Pros, Cons, and Retirement Considerations
What if your child needs braces? The cost may be as much as $6,000 for metal braces—more modern versions can run as much as $13,000. Your health insurance may cover only a portion of the cost. If you're well past the braces stage...
Read MoreTop 7 Most Common Estate Strategy Mistakes (and How to Avoid Them)
Getting your affairs in order and outlining what you want done with your estate after you’re gone is one of the greatest gifts you can leave your loved ones. However, not preparing for the transfer of your assets can lead to...
Read MoreNavigating the Costs of Senior Care: Tips for Preparing for Long-Term Care
Senior care costs can be overwhelming, particularly when long-term care is required due to illness or medical conditions. With the number of seniors in the U.S. expected to rise exponentially by 2030, it's crucial to be prepared for...
Read MoreThank you for participating in our Foster Care Month Awareness Drive!
A massive THANK YOU to each and every one of you who participated in our Foster Care Month Awareness Drive!Your support, generosity, and spirit have truly touched our hearts and made a tremendous impact on the lives of the children in...
Read MoreLiving Trusts: Understanding the Basics and Key Considerations
Estate management can be a complex and daunting task for many people, but it’s a critical step in helping your assets get managed and distributed according to your wishes.One popular tool that can be used in estate strategies is...
Read MoreThe Road To Retirement: May 2023 Issue
Planning for a secure and fulfilling retirement involves making informed decisions, staying up-to-date on essential insights, and seeking expert advice. To help you on this journey, download our monthly Road To Retirement guide...
Read MoreTrying to Time a Recession?
Economies move in cycles – always have, always willThe Federal Reserve has been steadily increasing interest rates in an attempt to slow the rate of inflation. Its efforts are yielding some results, although inflation remains...
Read More10 Essential Questions to Uncover Your Financial Advisor's IRA Expertise
Navigating the complexities of Individual Retirement Accounts (IRAs) is no small feat, which is why it's crucial to have a financial advisor with the expertise to guide you through the intricacies of IRA distribution planning. But how...
Read MoreWhat Factors Have the Greatest Impact on Your Credit Score?
Fun fact: You probably have dozens of credit scores out there, and each one might be a different number.You’re probably familiar with a credit score, why it’s essential, and what it’s used for, but do you know how...
Read MoreImportant Financial Considerations to Make When Remarrying Later in Life
Discussing personal finances is important for any couple preparing for marriage. However, this topic can be more complicated for those who remarry later in life.If you’re remarrying later in life, one of your goals should be to...
Read MoreTop Considerations to Help Adult Children Be Better Prepared As You Age
As we get older, it’s important that our adult children are prepared to manage any aging-related situations that may arise. This includes everything from having to make medical and financial decisions to determining assisted...
Read MoreTips for Raising Financially Literate Children
Every parent wants the best for their children and strives to prepare them to lead a happy, healthy, and successful life. But, despite understanding the importance of financial responsibility, only 28 percent of parents speak to their...
Read MoreTransitioning to Medicare from Private Health Insurance Plans
Transitioning from Private Health Insurance Plans to MedicareAs you approach retirement age, you may be anticipating transitioning from your private insurance to Medicare, which is a federal health insurance program that provides...
Read MoreSeptember 24, 2018 - New Records and Changes
Last week brought new tariffs and data, and another look at changes coming to equity classifications. Overall, the S&P 500 gained 0.85% and the Dow was up 2.25%, while the NASDAQ dropped 0.29%.[1] International stocks in the MSCI EAFE...
Read MoreSeptember 17, 2018 - Stocks Up as Milestone Passes
Last week, the East Coast prepared for Hurricane Florence, which roared through the Carolinas and Georgia. As investors kept their eyes on the weather and its potential for destruction, estimates emerged of up to $27 billion in...
Read MoreSeptember 10, 2018 - A Shaky Start to September
Domestic markets fell last week due to negative trade news and declining tech stocks, with the S&P 500 and Dow both breaking their multi-week winning streaks. Meanwhile, the NASDAQ posted losses for 4 days in a row for the first time...
Read MoreSeptember 4, 2018 - Markets Up Again
Trade continued to dominate the news last week and cause market volatility as investors monitored discussions of the North American Free Trade Agreement (NAFTA) and tension with China. While Mexico and the U.S. reached a new trade...
Read MoreAugust 27, 2018 - The Bull Market Continues
Last week marked a noteworthy milestone in our economy: On Wednesday, August 22, the bull market entered its 3,453rd day, the longest such run in U.S. history. In the past 9 plus years, domestic indexes have come quite a ways since...
Read MoreAugust 20, 2018 - Trade & Turkey Drive Markets
Challenges in emerging markets affected both U.S. and global stock performance last week, with the S&P 500 experiencing several down days.[1] By market close on Friday, however, two of the three major domestics posted gains for the...
Read MoreAugust 13, 2018 - Mixed Results as Turkey Stumbles
Stocks ended the week in mixed territory as trouble with Turkey's currency affected U.S. equity performance on Friday, August 10.[1] For the week, the S&P lost 0.25%, the Dow declined 0.59%, and the NASDAQ increased 0.35%.[2]...
Read MoreTake Your RMD like a Rock Star
Even rock stars get older. Although it may seem hard to believe, both Steven Tyler of Aerosmith fame and rock legend and reality tv star Ozzy Osborne celebrate their 70th birthdays in 2018. Steven Tyler turned 70 on March 26, 2018 and...
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Do You Need a ‘Money Diet’?
The so-called “Sudden Wealth Effect,” is alive and well thanks to things like insurance or divorce settlements, inheritances, stock options and real estate sales. When Investment Advisor magazine (Aug. 2018) asked about my...
Read MoreAugust 6, 2018 - Stocks Up as Data Comes In
Domestic markets ended last week in positive territory, as the S&P gained 0.76%, the Dow was up 0.05%, and the NASDAQ increased 0.96%.[1] This performance marked the 5th week in a row that the S&P 500 and Dow posted gains.[2]...
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Buyer Beware – Did You Know?
If you bought in to TIAA based on reputation, check your accounts. For years, TIAA has nurtured a perception among its clients that it is different from a typical profit-seeking financial services firm. Its literature and advertising...
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GLO Takes White Plains, Mahwah, and Nanuet
Members ‘Do Lunch’ for a Cause I’ve recently joined GLO -- Girls Lunch Out. GLO is a program for women executives, business owners and senior business-development professionals dedicated to networking and using their...
Read MoreEducation Loans Are Considered Aid
Although paying for a college education remains a financial challenge for many families, it can also yield the greatest rewards. While the earnings power of a college-educated person is generally greater than that of someone without a...
Read MoreMany Elder Crimes Go Unreported
World Elder Abuse Awareness Day is June 15th. A few clients of mine have been victims of this kind of abuse and it breaks my heart. Almost half of older Americans (46%) say they know someone who has been the victim of a financial scam....
Read MoreFinancial Readiness for College Graduates
Have a new college graduate? Give your loved one the gift of financial readiness. This is the time of year when college graduates prepare to make their career dreams and goals a reality. Despite their degrees, however, they may be ill...
Read MoreHow Much Can You Take Home in 2018?
With the tax deadline having just passed, now is the perfect opportunity to start planning for next year. Last year’s return should be readily available, and you may even have many important items committed to memory....
Read MoreThe Tax-Filing Deadline is Almost Here – Is Your IRA Ready?
The countdown to the 2017 tax filing deadline is on. The deadline is April 17, 2018, which is really only hours away. Time is running out. Is your IRA ready? Making Your 2017 IRA Contribution April 17, 2018 is the deadline for making a...
Read MoreAre You in the IRA Sweet Spot?
If you have an IRA, you need to know about the "sweet spot." What is the IRA Sweet spot? Well, that is when you are between ages 59 and a half and 70 and a half. Your Sweet Spot What makes this spot sweet? This is the time when you...
Read More12 Ways the IRS Website Can Help You Reduce Your Taxes and File Your Return
The IRS website provides a host of free resources that can help minimize your tax bill and manage your taxes all year round. Yet, most taxpayers are unaware of them. Here are a dozen of the best. Reach them by clicking on the links or...
Read MoreTips for a Successful Tax Season
The IRS says it will start accepting and processing 2017 tax returns on January 29 and expects to issue nine of 10 refunds within 21 days. To get the fastest refund possible, file electronically and request direct deposit of the refund...
Read MoreHappy 20th Birthday Roth IRA! Here are 20 Roth IRA Facts You Need to Know
The year 1998 seems like a long time ago. In January 1998, Bill Clinton was in the White House and about to be impeached. The Unabomber was in the news and the Spice Girls were winning music awards. January 1, 1998 also brought us the...
Read MoreMake the Most of the New Tax Law by Planning Now
An early start on tax planning is always good, but this year it is essential. The Tax Cuts and Jobs Act fully rewrites the tax code effective January 1, 2018. To get the most benefit from the changes, while avoiding mistakes under them...
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Are You and Your Retirement Plan Ready for the New Year?
2018 is right around the corner. We will be dealing with massive changes to the tax code due to the enactment into law of the Tax Cuts and Jobs Act. Some of those changes are going to apply to you and some of those changes will affect...
Read MoreGive the Gift of a Roth IRA for Christmas
This holiday season, consider giving the gift of a big head start on lifetime financial security to the children in your family by giving them funds to contribute to Roth IRAs. There's no lower age limit on having a Roth IRA as long as...
Read MoreTax Reform and Your Retirement Account
House Republicans took the first shot at tax reform with the release of the Tax Cuts and Jobs Act on November 2. Now it is the Senate’s turn to weigh in. Not surprisingly, the Senate’s take on overhauling the tax code looks...
Read More10 Things to Know About the Still-Working Exception
Are you approaching retirement age and not looking forward to being forced to take unwanted required minimum distributions (RMDs) from your retirement account? You may be looking for a way to delay those distributions. You may have...
Read MoreRMDs to a Trust Beneficiary of an IRA
In the past couple of weeks, I have heard the wrong answer to the question of where required minimum distribution's (RMDs) must go to a trust beneficiary from both an advisor and an IRA custodian. The advisor was dealing with a special...
Read MoreIs Your IRA Haunted?
It's Halloween season! This is the time for ghosts, witches, and trick or treating. What does Halloween have to do with your IRA? You might be surprised to hear that your IRA may be haunted. How can that be? Believe it or not, actions...
Read MoreOctober Retirement Deadlines
An important deadline is coming up for trusts that became the beneficiaries of retirement assets in 2016. A qualifying trust can use the life expectancy of the oldest beneficiary of the trust to calculate required minimum distributions...
Read MoreOctober Retirement Deadlines
An important deadline is coming up for trusts that became the beneficiaries of retirement assets in 2016. A qualifying trust can use the life expectancy of the oldest beneficiary of the trust to calculate required minimum distributions...
Read MoreWant to Donate to Harvey Victims? Consider a QCD
As the flood waters slowly recede in the Houston area, many people are asking themselves how they can help the victims of Hurricane Harvey. For those who have IRAs and are charitably inclined a Qualified Charitable Distribution (QCD)...
Read MoreProblems with the Once-Per-Year Rollover Rule
This week's blog looks into 72(t) payments, CD-IRAs, and the once-per-year rollover rule. As always, we recommend you work with a competent, educated financial advisor to keep your retirement nest egg safe and secure. Question: I have...
Read MoreSo, You Just Won the Lottery, Now What?
Successfully managing a financial windfall We’ve all heard the stories. If not first hand, at least in various news reports and anecdotes. Some “lucky” person picks the winning numbers, prances before the cameras in...
Read MoreSending Out a SOS for Those Taking RMDs and Inheriting IRAs
This week's Slott Report Mailbag looks into inherited IRAs, beneficiaries, and RMDs when you are still working. As always, we recommend you work with a competent, educated financial advisor to keep your retirement nest egg safe and...
Read MoreAge 70 ½ Confusion for Retirement Accounts
Required minimum distributions (RMDs) must begin from most of your retirement accounts at age 70 ½. But it is not as easy as just looking at when you are 70 ½. First of all, it is not when you actually turn 70 ½....
Read MoreWhat Happens When Beneficiaries do Not Split the Inherited IRA
Generally, the goal when naming IRA beneficiaries is that they will stretch out their distributions on the inherited IRA for as long as possible. The tax code and regulations currently support this goal by stating that the stretch...
Read MoreWhen You’re 70 ½ Avoid These Disastrous Mistakes
This week's blog question and answer section looks into RMDs, Roth IRAs, and "still working" provisions. As always, we recommend you work with a competent, educated financial advisor to keep your retirement nest egg safe and secure....
Read MoreRollover Relief Will Come with IRS Scrutiny in 2017
This past summer the IRS had good news for those who missed the deadline for a 60-day retirement account rollover. The IRS will allow your late rollover to be accepted if you provide the receiving financial institution with a...
Read MoreRMDs When You Move Money from an Employer Plan to an IRA
Jenny has a 401(k) plan at work and she has an IRA. Jenny is 72 but is still working. Her employer plan has a “still working” exception so Jenny does not have to take required minimum distributions (RMDs) from her plan....
Read MoreWho Doesn’t Need to Take a 2016 RMD by December 31?
Fall is in the air and the holidays are just around the corner. For many retirement account owners, this means that an important deadline is approaching. Most of those who are 70 ½ or older will need to take a 2016 RMD by...
Read MoreWidows Can Now Take Care Of RMD's When Spouse Passes Away
According to the US Census Bureau, approximately 800,000 people are widowed each year in the United States, and “nearly 700,000 of them are women who lose their husbands.” One of the greatest economic challenges for a...
Read MoreAvoid This Common SEP IRA Mistake
A Simplified Employee Pension (SEP) is an employer sponsored retirement plan where contributions are made to employees’ IRAs. Don’t be fooled by the name! Although these plans are in fact designed to be...
Read MoreThe IRA Definition of Compensation
In order to make an IRA or Roth IRA contribution, you must have “compensation.” What exactly is the definition of compensation for IRA purposes? By far the most common form of compensation is wages. Wages, salaries, tips,...
Read MoreHSA Rules Get Tricky Once You Hit Age 65
An HSA has been described as offering triple tax benefits. One, contributions are deductible. Two, there is no taxation on funds while they are in the HSA and, three, distributions taken for qualified medical expenses are tax-free. Not...
Read More“How Do I Make Sure My Children Can Utilize the Stretch IRA?”
Question: I was going to do a stretch IRA for my children. I am 78 and my wife is 75. We started RMDs several years ago. My financial advisor said we did not need to do a stretch because since we had already started receiving RMD, so...
Read MoreUnderstanding Escheatment
Escheatment ain't what it used to be! The legal theory of escheatment dates all the way back to feudal England where land that was held by a person with no heirs or by someone committing a felony could revert back to the King. Over...
Read MoreLessons to Learn From Prince's Estate Tax Problem
Most people are aware by now that Prince, the performer, passed away recently at the age of 57. So far, no one has been able to locate his will. Unlike most of us, Prince had a huge amount of assets held personally, in his own name....
Read MoreShould a Trust be the Beneficiary of Your IRA?
For many Americans, the assets in their Individual Retirement Account represent a significant portion of the wealth they hope to leave to their loved ones. You may have heard that creating a trust and naming it as the beneficiary of...
Read MoreHow Do I Handle My RMD With Multiple Retirement Accounts BEFORE Converting to a Roth IRA?
In today's blog we answer questions on how to take a required minimum distribution (RMD) prior to taking a Roth conversion and provide guidance on whether a spouse with no taxable compensation can make an IRA contribution. Question 1....
Read More4 Things Retirees Can Learn About Retirement from Peyton Manning
After 18 years in the National Football League, the Denver Broncos’ star quarterback, Peyton Manning, is calling it quits after a very successful career. We wish him well and hope that he’s made the preparations needed to enjoy a long,...
Read MoreWithholding and Your IRA - What You Need to Know
When you take a distribution from your traditional IRA, you will owe taxes in most cases. Uncle Sam wants to be sure those taxes are paid. The good news, however, is that there is a lot of flexibility when it comes to withholding on...
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