A Roth conversion is the process of repositioning your assets from a Traditional IRA to a Roth IRA. It is a unique and exciting retirement savings opportunity! The purpose of the conversion would be to shift your assets into a Roth IRA which has the optimal tax-favored status. So why would you consider such a Read More
As we are quickly approaching the end of the year, we should all be thinking of actions we can take before year-end to reduce our taxes. For many of us, this is not a fun topic to think about. We thought it would be helpful to remind you of a couple of tax tips you Read More
Our clients recently came to us to manage their family’s portfolios. They are nearing retirement and are concerned about taxes. They mentioned that they had just bought a beautiful home on the Isle of Palms in South Carolina near Charleston. They thought it was the place for them to retire and a convenient place for Read More
Albert Einstein once said, “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it”. So, what is this compound interest Einstein spoke about? The definition of compound interest is the interest associated with your bank account, loan, or investment account increasing exponentially, not linearly. In Read More
Beth GenterSchenley Capital How do market volatility, inflation, and rising interest rates affect your financial outlook?When the markets are turbulent and volatile for an extended time period, it is difficult to stay the course, although that is exactly the action we are advising our clients. Investors can no longer buy the four popular growth Read More
Monetary policy in the United States is controlled by The Federal Reserve. The Federal Reserve (Fed) controls the money supply through its three “tools”, open market operations, reserve requirements, and the discount rate. The Fed uses its tools to target the Federal Funds Rate, which is the rate commercial banks borrow and lend their excess Read More
The past week has been strange, to say the least. Within the week, there were two of the largest bank failures in U.S. history since 2008. This has led to the very common question “What does this mean for me?” March 8th, 2023, Silicon Valley Bank (SVB) announced they had sold off one of their Read More
An “IRA” or Individual Retirement Account is a tax deferred investment account that helps you save efficiently for retirement. Money placed in the account grows tax deferred. Two popular IRA accounts are the Roth IRA and the Traditional IRA. Choosing a Traditional IRA, you may get a tax deduction on your contributions for the year Read More
Both Amazon and Google stock will split 20 to 1 What is a stock split? A stock split is an action in which a company issues additional shares to shareholders, increasing the total number of shares by the specified ratio. Companies most frequently choose to split their stock to lower the price for the investors, Read More
Even though we are Investment Advisors, we feel that it is imperative to discuss Life Insurance as Financial Planners. EVERYONE could use Life Insurance at some point during his or her lifetime; often, it is about financial security for someone we care about, protecting one’s income, or even assisting in the cost of final Read More