Blog

A wise man once remarked: “I have all the money I need if I die today.” True enough, but suppose you don’t die today. Would you feel you had enough wealth to meet your future needs?    

By: Pat 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.

The SECURE Act became law on December 20, 2019 and the intent of this new law is to strengthen retirement security.  Having enough income in retirement is an important concept in financial planning.  When we work with our clients and ask them what financial success means to them, the overwhelming response is security - knowing they will not outlive their assets. 

Submitted by Susan Powers on January 10, 2020

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

Submitted by Kate Hennessy on December 27, 2019

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.

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

Submitted by Susan Powers on December 7, 2019

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.

Submitted by Pat Cote on December 7, 2019

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

Submitted by Kate Hennessy on December 7, 2019

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

Submitted by Pat Cote on November 11, 2019

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.