4 beneficiary mistakes to avoid

Building wealth is one thing; making sure the right people have access to the money is another. One of the easiest ways to ensure your hard-earned money goes to the right people is by updating the beneficiary designations on your financial accounts. However, not all accounts are created equally when it comes to beneficiarie, so…

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July 2024 – Economic and Market Update

EXECUTIVE SUMMARY Does it matter to the economy who the President is? Maybe, but not much. A narrow market recovery continues to be driven by the Magnificent 7 stocks. The labor market has eased but remains strong. A key to growing forward will be continuing to attract non-native low-to-high skill workers. Scamming is getting more…

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Should you stay in your home as you age?

Deciding whether to stay in your home or downsize in retirement can be a challenging decision. It’s not just a financial question, but an emotional one, too. You built a life in your home, and you’d like to be able to stay there as you age. However, there are financial and tax considerations around how…

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The pros and cons of downsizing (or moving) in retirement

There are plenty of great reasons to sell your home in retirement, and not all of them are financial. Downsizing can help boost your liquid assets and reduce monthly expenses while opening up new opportunities. It may also impact what you leave to your children (and how).   If you’re thinking about selling your home in…

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Ode to George Hornby: A Journey of Diverse Endeavors

In the huddle of life, you’ve played many roles, From Raiders’ cheers to managerial goals. With a heart full of passion for the game you adore, Your spirit embodied what it means to roar. From managing cabs in New Jersey’s fleet, To ensuring each ride was timely and neat, You navigated challenges with wisdom and…

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April 2024 – Economic and Market Update

EXECUTIVE SUMMARY Inflation is not cooperating with the Federal Reserve target of 2% annualized Core CPE and is unlikely to get there in an orderly fashion. Prioritizing credit management and duration risk in an uncertain interest rate environment. Consumers remain strong spenders, according to Visa, and consumer sentiment is at an inflection point according to…

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Compliance with the Corporate Transparency Act

As we step into 2024, a significant regulatory change is on the horizon that impacts corporations, limited liability companies (LLCs), limited partnerships, and similar entities. Newly formed entities are now required to file a report with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), providing detailed information about their “beneficial owners”. This requirement, effective…

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