Why do a Roth IRA Conversion?

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

Schenley Year-End Tax Strategies

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

Compound Interest – The 8th Wonder of the World

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

Recipes for Financial Success

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

Recap of the latest Fed rate hike

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 Key to Successful Retirement: What is an IRA?

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

Did You Know?

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