401K & IRA Loans & Withdrawals – The Last Resort
By: Patrick Cote
While created with good intentions, I have mixed feelings about the recent CARES Act provisions allowing for $100,000 in CRDs (coronavirus-related distributions) from retirement accounts like 401Ks and IRAs. These provisions are designed to help people who are facing a cash shortage now and have savings in 401Ks or IRAs.
Tax Deadlines Extended to July 15, 2020
By: Susan Powers
In March, the Treasury Department and Internal Revenue Service announced the deadline to file and pay taxes is automatically extended from April 15, 2020, to July 15, 2020 in an effort to give taxpayers more time to deal with their taxes amid the coronavirus outbreak.
Protect Yourself From Yourself
By: Kate Hennessy
As schools closed, people around the world began adjusting to a new norm of “social distancing.” These measures were adopted to stem the spread of the Coronavirus and guard against its economic impact.
How Much Is Enough?
What Does Being "Rich" Actually Mean?
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.
Generating a Paycheck During Retirement
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.
A Closer Look at The SECURE Act
What the SECURE Act Means For Individuals and Small Business Owners
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
Are You a DIY?
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.
Radio Appearance: Patrick Cote on Your Money
12/17/2019 - originally aired on Sirius XM Channel 132, Business Radio Powered by the Wharton School
Let's Talk - Markets, Money & Your Plan
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.
Top 10 Year-End Tax Tips
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