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Countdown to College

May 29, 2020 Articles

As a parent, of course you want to give your child the best opportunity for success, and for many, attending the “right” university or college is that opportunity. Unfortunately, being accepted to the college of one’s choice may not be as easy as it once was. Additionally, the earlier you…

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A Bucket Plan to Go with Your Bucket List

May 29, 2020 Articles

John and Mary are nearing retirement and they have a lot of items on their bucket list. Longer life expectancies mean John and Mary may need to prepare for two or even three decades of retirement. How should they position their money?1 One approach is to segment your expenses into…

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Rebalancing Your Portfolio

May 29, 2020 Articles

Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too much of a good thing. Over time, the performance of different investments can shift a…

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Weekly Economic Update, May 25, 2020

May 27, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, May 25, 2020   THE WEEK ON WALL STREET Upbeat comments by the Federal Reserve Chairman and more signs of an economic turnaround combined to help fuel a powerful rally in the stock market last week. The Dow Jones Industrial Average rose 3.29%, while the…

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The Pros and Cons of Early Retirement Plan Rollovers

May 20, 2020 Articles

Should you withdraw and reinvest your retirement plan money while you are still on the job? Provided by Nisivoccia Wealth Advisors   Did you know you might be able to take some or all of the money in your 401(k), 403(b), or 457 plan and roll it over into another…

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May Is Disability Insurance Awareness Month

May 20, 2020 Articles

Provided by Nisivoccia Wealth Advisors   Did you know that May is Disability Insurance Awareness Month? First started in 2007, the month of May was the first time that information about disability insurance became more easily accessible to millions of Americans. Recently, Disability Insurance Awareness Month has become a time…

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Weekly Economic Update, May 18, 2020

May 18, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, May 18, 2020   THE WEEK ON WALL STREET Stocks drifted lower last week, weighed down by Federal Reserve Chairman Jerome Powell’s unsettling comments on the economy and signs of renewed tensions with China. The Dow Jones Industrial Average fell 2.65%, while the Standard &…

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Monthly Retirement Newsletter, May 2020

May 18, 2020 Articles

Presented by Nisivoccia Wealth Advisors QUOTE OF THE MONTH “Reputation is what other people know about you. Honor is what you know about yourself.” LOIS MCMASTER BUJOLD HOW SHOULD PRE-RETIREES VIEW ILLIQUID ASSETS? Some people approach their retirement years owning illiquid assets worth more than their liquid ones. While long-held…

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Tax-Loss Harvesting

May 14, 2020 Articles

A useful year-end move to counteract capital gains.  Provided by Nisivoccia Wealth Advisors   Even though this may end up being a subpar year for stocks, you may realize capital gains, which is a taxable event. What can you do about them? You can do what some investors do –…

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Weekly Economic Update, May 11, 2020

May 11, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, May 11, 2020   THE WEEK ON WALL STREET Despite an historic downturn in employment, stocks managed to climb higher last week as investors were emboldened by the pace of economic re-openings here and abroad. The Dow Jones Industrial Average gained 2.56%, while the Standard…

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If You’ve Suddenly Lost Your Job, What Would Happen to Your Retirement Money?

May 8, 2020 Articles

You’re not alone in this fear, but you have choices of what to do with your 401(k). Leave your 401(k) alone. The money remains invested in your former employer’s plan, if permitted. There are potential drawbacks, however: your investment choices may be limited, the plan fees may be high, and…

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Monthly Economic Update, May 2020

May 6, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, May 2020   U.S. Markets Stocks rebounded sharply in April, fueled by a flattening pandemic curve and positive results from a clinical trial investigating a treatment for COVID-19. The Dow Jones Industrial Average, which dropped 14% in March, jumped 11.08%. The Standard & Poor’s 500…

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A Stock Market Lesson to Remember

May 6, 2020 Articles

Confidence can quickly erode, but it can also quickly emerge. Provided by Nisivoccia Wealth Advisors   Undeniably, spring 2020 has tried the patience of investors. An 11-year bull market ended. Key economic indicators went haywire. Household confidence was shaken. The Standard & Poor’s 500, the equity benchmark often used as…

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Weekly Economic Update, May 4, 2020

May 5, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, May 4, 2020   THE WEEK ON WALL STREET Stock prices ended the week slightly lower, despite news of positive results from a test trial of a COVID-19 drug treatment and several states easing their economic lockdowns. The Dow Jones Industrial Average slipped 0.22%, while…

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Federal Student Loan Relief

May 1, 2020 Articles

How does it work? What should you do? Provided by Nisivoccia Wealth Advisors   Are you or someone you know currently making federal student loan payments? In light of the COVID-19 pandemic, some welcome relief may be on the way. Thanks to the recent passage of the CARES Act, the…

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How the CARES Act Impacts RMDs

April 29, 2020 Articles

Tucked into the gigantic “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act were two key changes you should know about, regarding required minimum distributions (RMDs). Both were designed to give people more control over their money and to help manage selling investments during an emergency. One provision allows retirees to…

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The Federal Reserve’s Unprecedented Moves

April 29, 2020 Articles

What they are. How they help. Provided by Nisivoccia Wealth Advisors   In response to the COVID-19 pandemic, almost every state in America is under some sort of stay-at-home order. This unprecedented time has also led many businesses, large and small, to downsize or close up shop entirely. In response…

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Weekly Economic Update, April 27, 2020

April 27, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, April 27, 2020   THE WEEK ON WALL STREET Stock prices bounced around last week as investors reacted to wild swings in the price of oil and reports that called into question the efficacy of two potential virus treatments. The Dow Jones Industrial Average retreated…

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What is an Annuity?

April 20, 2020 Articles

What you should know about them. Provided by Nisivoccia Wealth Advisors   Individuals hold about $2.2 trillion in annuity contracts; a tidy sum considering an estimated $9.2 trillion is held in all types of IRAs.1 Annuity contracts are purchased from an insurance company. In exchange, the insurance company makes regular…

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Weekly Economic Update, April 20, 2020

April 20, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors    THE WEEK ON WALL STREET Stock prices pushed higher last week as news of a White House plan to reopen the economy and reports of a potential COVID-19 treatment helped the market overcome weak economic data and an ugly start to the corporate earnings…

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Business Continuity Plans

April 14, 2020 Articles

Prepare now to better protect your business in the future. Provided by Nisivoccia Wealth Advisors   As a business owner, you’ve worked hard for your success. The long hours, the difficult decisions, and the sacrifices you have made have led to where you are today. The last thing you want…

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Roth IRA Conversion in the Era of COVID-19

April 14, 2020 Articles

Is it right for you? Provided by Nisivoccia Wealth Advisors   The COVID-19 pandemic has shaken up nearly every aspect of American life. To say it’s been a difficult time would be an understatement. However, difficult times may open doors to new possibilities. Businesses are changing their ways of operating,…

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Retirement in Sight Newsletter, April 2020

April 14, 2020 Articles

Monthly News and Information for Current and Future Retirees Presented by Nisivoccia Wealth Advisors   QUOTE OF THE MONTH “There are no mistakes. The events we bring upon ourselves, no matter how unpleasant, are necessary in order to learn what we need to learn; whatever steps we take, they’re necessary…

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Weekly Economic Update, April 13, 2020

April 13, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, April 13, 2020   THE WEEK ON WALL STREET The stock market staged a broad rally this week, buoyed by the prospect that the COVID-19’s grip on the nation may be easing and news of another Federal Reserve program to help stabilize businesses. The Dow…

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Saving Early & Letting Time Work for You

April 9, 2020 Articles

The earlier you start pursuing financial goals, the better your outcome may be. Provided by Nisivoccia Wealth Advisors   As a young investor, you have a powerful ally on your side: time. When you start investing in your twenties or thirties for retirement, you can put it to work for…

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Getting a Head Start on College Savings

April 9, 2020 Articles

The hows and whys of college savings. Provided by Nisivoccia Wealth Advisors   The American family with a child born today can expect to spend about $233,610 to raise that child to the age of 18. And if you’ve already traded that supercharged convertible dream for a minivan, you can…

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Quarterly Economic Update

April 7, 2020 Economic Updates

A review of Q1 2020, Presented by Nisivoccia Wealth Advisors   THE QUARTER IN BRIEF The spread of COVID-19 sent stocks tumbling in the first quarter, as health and economic costs of the pandemic began to mount. Stocks remained under pressure despite the Federal Reserve’s lowering of short-term interest rates…

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Pullbacks, Corrections, and Bear Markets

April 6, 2020 Articles

What’s the difference? What do these terms mean for you? Provided by Nisivoccia Wealth Advisors   The COVID-19 outbreak has put tremendous pressure on stock prices, prompting some investors to blindly and indiscriminately sell positions at a time when the entire market is trending lower. Worried investors believe "this time…

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Weekly Economic Update, April 6, 2020

April 6, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, April 6, 2020   THE WEEK ON WALL STREET Modest declines in stock prices this week masked the volatile inter- and intraday price swings as investors digested poor economic data and a warning from the President that the worst days of the COVID-19 pandemic may…

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Key Provisions of the CARES Act

April 6, 2020 Articles

Distributions can be waived in 2020 for Inherited Accounts, 401(k)s, and IRAs.  Provided by Nisivoccia Wealth Advisors   Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was signed into law. The CARES Act is designed to help those most impacted by the COVID-19 pandemic, while also…

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Monthly Economic Update, April 2020

April 3, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, April 2020   THE MONTH IN BRIEF The Coronavirus Aid, Relief, and Economic Security (CARES) Act has been signed into law, bringing relief to millions of Americans, most of whom are expected to be quarantined for at least another month. The White House has asked…

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Weekly Economic Update, March 30, 2020

March 30, 2020 Economic Updates

In this week’s recap: Markets swing upward as the Federal Reserve and Congress move stimulus forward. Presented by Nisivoccia Wealth Advisors, March 30, 2020   THE WEEK ON WALL STREET An open-ended commitment by the Federal Reserve to support American businesses and capital markets along with the passage of a…

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Approaches to Business Valuation

March 27, 2020 Articles

Here’s what you need to know. Provided by Nisivoccia Wealth Advisors   In the third quarter of 2019, more than 2,400 small businesses were sold. The median sale price was roughly $278,000, up 3.3% from 2018.1 As a business owner, ascertaining the value of your business is essential for a…

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This Too Shall Pass, Coronavirus and the Global Fallout

March 27, 2020 Articles

Written by Martin Landry, CFA, CFP®, CAIA, CIMA®, CTFA, CIPM, AIF®, Director, Portfolio Management Group at Avantax Wealth Management, March 25, 2020   The unintended effects of the world’s valiant efforts to reduce the number of deaths in the most susceptible to the severe effects of contracting COVID-19 has caused…

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How Women Can Prepare For Retirement

March 26, 2020 Articles

A practical financial checklist for the future. Provided by Nisivoccia Wealth Advisors   When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration estimates that today’s average 65-year-old woman will live to age 86½.…

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Systematic Withdrawal Strategies

March 26, 2020 Articles

Should you arrange automatic distributions from your retirement or investment accounts? Provided by Nisivoccia Wealth Advisors, LLC.   Some retirees wish they could simplify money management. Estimating investment income, annual retirement plan distributions, and quarterly taxes can be a chore. This is why some retirees choose to make systematic withdrawals.…

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Weekly Economic Update, March 23, 2020

March 23, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, March 23, 2020   THE WEEK ON WALL STREET The stock market suffered through another volatile week as it wrestled with the health and economic fallout of the domestic spread of the coronavirus. Swift and decisive actions by the Federal Reserve and policy responses from…

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Weekly Economic Update, March 16, 2020

March 16, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, March 16, 2020   THE WEEK ON WALL STREET Markets remained exceptionally volatile, buffeted by the spreading impact of coronavirus, uncertain responses from federal policymakers, and the sudden drop in oil prices. The Dow Jones Industrial Average fell 10.36%, while the S&P 500 declined 8.79%.…

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Lesser Known Provisions of the SECURE Act

March 10, 2020 Articles

What younger investors need to know. Provided by Nisivoccia Wealth Advisors   The SECURE Act passed into law in late 2019 and changed several aspects of retirement investing. These modifications included modifying the ability to stretch an Individual Retirement Account (IRA) and changing the age when IRA holders must start…

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When a Windfall Comes Your Way

March 10, 2020 Articles

What do you do with big money? Provided by Nisivoccia Wealth Advisors      Getting rich quick can be liberating, but it can also be frustrating. Sudden wealth can help you address retirement saving or college funding anxieties, and it may also allow you to live and work on your…

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Weekly Economic Update, March 9, 2020

March 10, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, March 9, 2020   THE WEEK ON WALL STREET Heightened coronavirus fears, falling yields, and Super Tuesday primary results sent stocks on a rollercoaster ride of sharp price swings, leaving stocks marginally higher for the week. The Dow Jones Industrial Average improved 1.79%; the S&P…

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Monthly Economic Update, March 2020

March 4, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, March 2020 THE MONTH IN BRIEF In February, anxieties about the novel coronavirus (COVID-19) rippled through stock, bond, and commodity markets. Stories about the disease dominated the news cycle, and concerns that a pandemic might occur hurt equities. The S&P 500 slipped 8.41% for the…

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Weekly Economic Update, March 2, 2020

March 4, 2020 Economic Updates

Presented by Nisivoccia Wealth Advisors, March 2, 2020   THE WEEK ON WALL STREET Stocks fell sharply last week as Wall Street considered how the coronavirus outbreak might influence global business activity and household spending. The selloff became a correction for the U.S. markets. The S&P 500 retreated 11.49%; the…

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As the Coronavirus Goes Global, it’s Not Time for a Panic

March 2, 2020 Articles

Call it a “black swan[1]” event if you would like, but the world is in the midst of another modern-era global health scare that few saw coming and few imagined the repercussions. In just two months’ time, a new virus strain has emerged from an old virus. The reaction has…

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A Roth IRA’s Many Benefits

February 20, 2020 Articles

Why do so many people choose them over traditional IRAs? Provided by Nisivoccia Wealth Advisors   The IRA that changed the whole retirement savings perspective. Since the Roth IRA was introduced in 1998, its popularity has soared. It has become a fixture in many retirement planning strategies because it offers…

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Tax Considerations for Retirees

February 20, 2020 Articles

Are you aware of these potential tax breaks and tax-saving opportunities? Provided by Nisivoccia Wealth Advisors      The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive.    At age 65, the Internal Revenue Service gives you a…

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Annual Financial To-Do List

February 19, 2020 Articles

Things you can do for your future as the year unfolds. Provided by Nisivoccia Wealth Advisors                         What financial, business, or life priorities do you need to address for the coming year? Now is a good time to think about the investing, saving, or budgeting methods you could employ…

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ABLE Accounts for Loved Ones with Disabilities

February 18, 2020 Articles

More families should know about these tax-advantaged savings vehicles. Provided by Nisivoccia Wealth Advisors   Families with special needs children have a new tax-deferred savings option. The ABLE account, also called a 529A savings account, is patterned after the popular 529 savings plan, created to help parents save for a…

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Retirement in Sight Newsletter, February 2020

February 12, 2020 Articles

Monthly News and Information for Current and Future Retirees Presented by Nisivoccia Wealth Advisors - February 2020   QUOTE OF THE MONTH “Rest is the sweet sauce of labor.” PLUTARCH WHAT MATTERS MORE IN RETIREMENT: INCOME, OR SAVINGS? Retirement saving is not just about accumulating assets. It is also about…

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The Solo 401(k)

February 4, 2020 Articles

A retirement savings vehicle designed for the smallest businesses. Provided by Nisivoccia Wealth Advisors   Do you work for yourself? Then take a look at the solo 401(k), which marries a traditional employee retirement savings account to a small business profit-sharing plan. To have a solo 401(k), you must either…

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A Retirement Fact Sheet

February 4, 2020 Articles

Some specifics about the “second act.” Provided by Nisivoccia Wealth Advisors      Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you. Up to 85% of a retiree’s Social Security income can be taxed.…

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The SECURE Act

February 4, 2020 Articles

Long-established retirement account rules change. Provided by Nisivoccia Wealth Advisors   The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to a massive…

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New I.R.S. Contribution Limits

January 24, 2020 Articles

A look at the maximum amounts you can put into retirement accounts this year. Provided by Nisivoccia Wealth Advisors   The I.R.S. just announced the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at them. *Next year, you can…

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Retirement in Sight Newsletter, January 2020

January 16, 2020 Articles

Monthly News and Information for Current and Future Retirees Presented by Nisivoccia Wealth Advisors - January 2020   QUOTE OF THE MONTH “Generosity is giving more than you can, and pride is taking less than you need.” Kahlil Gibran HOW THE SECURE ACT IMPACTS RETIREMENT ACCOUNTS A new federal law,…

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Quarterly Economic Update

January 8, 2020 Economic Updates

Quarterly Economic Update A review of Q4 2019, Presented by Nisivoccia Wealth Advisors   THE QUARTER IN BRIEF Movement in U.S.-China trade negotiations, an accommodative Federal Reserve, evidence of decent economic growth – all this brought some fourth-quarter tailwinds to Wall Street. The S&P 500 advanced 8.53% in the final…

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The Major Retirement Planning Mistakes

January 6, 2020 Articles

Why are they made again and again?  Provided by Nisivoccia Wealth Advisors.   Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them “mistakes” may be a bit harsh, as not…

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Buy-Sell Agreements for Businesses: Planning for Your Future and Beyond

January 6, 2020 Articles

Provided by Nisivoccia Wealth Advisors.   For most, creating an estate strategy is important to make sure your loved ones are taken care of after you’re gone. But it may be just as important to have an estate strategy for your business. Whether you’re a sole proprietor who will be…

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2019 IRA Deadlines Are Approaching

January 6, 2020 Articles

Here is what you need to know.  Provided by Nisivoccia Wealth Advisors.   Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. April 1, 2020 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts.…

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A Retirement Fact Sheet

December 23, 2019 Articles

Provided by Nisivoccia Wealth Advisors, LLC.      Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you. Up to 85% of a retiree’s Social Security income can be taxed. Some retirees are taken aback…

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Monthly News and Information for Current and Future Retirees, December 2019

December 18, 2019 Articles

Monthly News and Information for Current and Future Retirees Presented by Nisivoccia Wealth Advisors, LLC - December 2019   QUOTE OF THE MONTH “Always be a first-rate version of yourself, instead of a second-rate version of someone else.” JUDY GARLAND READY FOR MORE TIME TOGETHER? A career-focused couple may spend…

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What if You Get Audited?

December 10, 2019 Articles

What the I.R.S. looks for and why. Provided by Nisivoccia Wealth Advisors, LLC.   “Audit” is a word that can strike fear into the hearts of taxpayers. However, the chances of an Internal Revenue Service audit aren’t that high. In 2017, the most recent statistics available, show the I.R.S. audited…

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Cash Flow Management: An Underappreciated Fundamental in Financial Planning

December 10, 2019 Articles

Provided by Nisivoccia Wealth Advisors, LLC   You’ve probably heard the saying that “cash is king,” and that truth applies whether you own a business or not. Most discussions of business and personal “financial planning” involve tomorrow’s goals, but those goals may not be realized without attention to cash flow,…

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Establishing Good Credit in College

December 9, 2019 Articles

After you get that first card, how can you manage your FICO score? Provided by Nisivoccia Wealth Advisors, LLC   Good credit may open doors. It is vital to securing a loan, a business loan, or buying a home. When you establish and maintain good credit in college, you create…

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How Medigap Choices Are Changing

November 13, 2019 Articles

Plan F is fading away, and Plan G may gain more popularity. Provided by Nisivoccia Wealth Advisors, LLC.   Soon, two types of Medigap policies will no longer be sold. Seniors who enroll in Medicare in 2020 or later will be unable to buy Medigap Plan F or Plan C.…

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Rebalancing Your Portfolio: Should Investors Make Regular Adjustments

November 13, 2019 Articles

 Provided by Nisivoccia Wealth Advisors, LLC.   Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too much of a good thing. Over time, the…

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Overlooked Tax Deductions for Small-Business Owners

November 13, 2019 Articles

Overlooked Tax Deductions for Small-Business Owners Provided by Nisivoccia Wealth Advisors, LLC.   Being a small-business owner isn’t easy. After all, balancing payroll, managing employees, drawing up marketing plans, and handling the bookkeeping can be stressful! Luckily, the Internal Revenue Service (I.R.S.) allows small-business owners to take some surprising deductions,…

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Insurance Needs for Empty Nesters and Retirees

November 13, 2019 Articles

Thinking about coverage as you enter a new phase. Provided by Nisivoccia Wealth Advisors, LLC.   With the children now out of the house, financial priorities become more focused on preparing for retirement. At this stage, you may very likely be at the height of your earning power and fast…

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Nisivoccia Wealth Advisors LLC Welcomes Trusted Global Advisors LLC

November 11, 2019 Articles

Nisivoccia Wealth Advisors LLC is pleased to announce the planned merger of their business operations with Trusted Global Advisors LLC to offer client-centered tax-optimized financial strategies throughout the Greater New York area. Joining the Nisivoccia Wealth Advisors LLC team are: Berge Avedisian, Partner of Trusted Global Advisors Mary Anne Bohlinger,…

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4 Tips for Taking Out a Student Loan

August 26, 2019 Articles

Given the high cost of college, getting a loan can be the deciding factor in whether a student can attend school and where he or she will go. In fact, a majority of college students graduate with at least some student loan debt, and the average debt in 2017 was…

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Repaying Student Loans: What You Need to Know

August 26, 2019 Articles

Many students are happy to sign the loan documents that will enable them to get a college education, but when it comes time to pay off that loan, they may find themselves with a lot of questions. Here are a few ways to get a better handle on the repayment…

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College Costs (And How To Lower Them)

July 15, 2019 Articles

College tuition can be very expensive, but when you’re budgeting for higher education don’t forget to include the many other costs you’ll be facing. Here’s a rundown of some of the most significant expenses to keep in mind: Tuition. Costs for public state schools are generally lower than for private ones, even if you go to a…

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Saving for College

July 15, 2019 Articles

Putting away enough money to pay for college costs can seem daunting, but there are several ways to do it, each with its own advantages. 529 Plans There are two kinds of 529 plans, which are named after a section of the U.S. Tax Code: With a 529 prepaid tuition plan, your contributions essentially buy tuition credits that…

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Ways to Ease the Cost of College

July 1, 2019 Articles

A look at grants, scholarships, 529 plans, and other methods.   Provided by Nisivoccia Wealth Advisors LLC      How much could a college education cost in the 2030s? You may want to take a deep breath and sit down before reading the next paragraph. A MassMutual analysis projects that…

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The Financial Realities of Longevity

June 17, 2019 Articles

Your financial future is up to you and no one else.   Provided by Nisivoccia Wealth Advisors LLC   What will be your future? You know that solid retirement strategy takes your time horizon, an often unpredictable factor, into consideration. Your thinking must include an awareness of how long you…

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Money Tips for Newlyweds

June 17, 2019 Articles

Provided by Nisivoccia Wealth Advisors LLC   In a recent study, 35% of married couples described money issues as their primary source of stress. While there are many potential causes of such financial stress, in some cases the root may begin with habits formed early in the marriage.1 Fortunately, couples…

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Preparing to Sell Your Business

June 13, 2019 Articles

What is your exit strategy?   Provided by Nisivoccia Wealth Advisors LLC   Your company is ripe for sale. Now what? These days, your children or employees may not necessarily want to take over your business, but you still want to sell your business. So, what’s a successful entrepreneur to…

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Key Questions for the Long-Term Investor

May 14, 2019 Articles

Focusing on what you can control can lead to a better investment experience. Whether you’ve been investing for decades or are just getting started, at some point on your investment journey you’ll likely ask yourself some of the questions below. Trying to answer these questions may be intimidating, but know…

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Signs of Elder Abuse

May 14, 2019 Articles

Physical, mental, and financial warning signals. Provided by Nisivoccia Wealth Advisors LLC   Is someone taking advantage of someone you love? June 15 is World Elder Abuse Prevention Day, a day to call attention to a crisis that may become even more common as baby boomers enter the “third acts”…

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Taking Charge of your Financial Life

May 7, 2019 Articles

Delegating responsibilities to others may lead to problems down the road. Provided by Nisivoccia Wealth Advisors LLC When you are putting together a household, it isn’t unusual to delegate responsibilities. One spouse or partner may take on the laundry, while another takes on the shopping. You might also decide which…

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Investing in Agreement with Your Beliefs

April 8, 2019 Articles

The case for aligning your portfolio with your outlook & worldview. Provided by Nisivoccia Wealth Advisors LLC Do your investment choices reflect your outlook? Are they in agreement with your values? These questions may seem rather deep when it comes to deciding what to buy or sell, but some great…

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Earnings for All Seasons

March 26, 2019 Articles

What is it and why is it important? Provided by Nisivoccia Wealth Advisors LLC While nature offers four seasons, Wall Street offers only one – four times a year. It’s called “earnings season,” and it can move the markets. So, what is earnings season, and why is it important? Earnings…

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Diversification, Patience and Consistency: Three important factors when it comes to your financial life

March 11, 2019 Articles

Provided by Nisivoccia Wealth Advisors LLC Regardless of how the markets may perform, consider making the following part of your investment philosophy: Diversification. The saying “don’t put all your eggs in one basket” has real value when it comes to investing. In a bear OR bull market, certain asset classes…

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To Catch a Thief

March 6, 2019 Articles

Having your identity stolen may be costly. Provided by Nisivoccia Wealth Advisors LLC Many Americans have taken steps in recent years to protect their personal information, but savvy cybercrooks have overcome some of those defenses. A 2018 Javelin Research report found identity theft hit an all-time high in 2017, affecting…

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Is America Prepared to Retire?

February 25, 2019 Articles

A look at some ways to get ready. Provided by Nisivoccia Wealth Advisors LLC Are Americans saving enough? Only 19% of U.S. adults describe themselves as “very confident” when asked about their savings. Worry spots include retiring without enough money saved (16%) and anxiety about having a “rainy day” emergency…

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Social Security by the Numbers

February 25, 2019 Articles

Facts about the federal Old-Age, Survivors, and Disability Insurance (OASDI) program. Provided by Nisivoccia Wealth Advisors LLC Social Security has been a pillar of retirement life for several decades, but how much do you really know about it? Here are some facts that might surprise you: The Social Security trust…

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The A, B, C, & D of Medicare

February 12, 2019 Articles

Breaking down the basics & what each part covers. Provided by Nisivoccia Wealth Advisors LLC Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover and where they come from. Parts A & B: Original Medicare. There are…

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A Recipe for Achieving Your Goals

February 12, 2019 Articles

Does thinking about investing leave a bad taste in your mouth? With all the jargon that gets tossed around — headwinds/tailwinds; beta versus smart beta; portfolio under- and over-weightings; Brexit, Grexit and even Texit — investors are often left feeling like they have egg on their face when they try…

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Staying the Course in the Face of Uncertainty

January 29, 2019 Articles

When fear and uncertainty find their way into headlines, investors should ignore the herd and “stay the course.” While there is no magic formula for handicapping a stock market correction, it is not uncommon for resoundingly jubilant investor sentiment to precede a sudden spate of selling. Building on a record…

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Why Do You Need a Will?

January 21, 2019 Articles

It may not sound enticing, but creating a will puts power in your hands.   Provided by Nisivoccia Wealth Advisors LLC   According to the global analytics firm Gallup, only about 44% of Americans have created a will. This finding may not surprise you. After all, no one wants to…

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Financial Steps to Take Before a Divorce

January 21, 2019 Articles

Wise moves to make before things are finalized.    Provided by Nisivoccia Wealth Advisors LLC   Before your divorce goes through, it would be wise to check up on financial matters. It would be better to assess the state of your financial life before the split rather than after.  …

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Managing Volatility through Diversification

January 2, 2019 Articles

It’s impossible to time the market perfectly or completely avoid market fluctuations, and every year, there is significant rotation on which of the asset classes at right perform well or poorly. So how can long-term investors not only endure market fluctuations but plan for them in their journey to achieve…

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No, That Is Not the I.R.S. Calling

November 9, 2018 Articles

Watch out for crooks impersonating I.R.S. agents (and financial industry professionals).   Provided by Nisivoccia Wealth Advisors LLC     Do you know how the Internal Revenue Service contacts taxpayers to resolve a problem? The first step is almost always to send a letter through the U.S. Postal Service to the…

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Filling Out the FAFSA

October 8, 2018 Articles

There is really no reason to wait.   Provided by Nisivoccia Wealth Advisors LLC      October is here – the ideal time for college students to apply for financial aid. October 1, in fact, marks the first day a current or future college student can submit a Free Application…

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Is Now the Right Time to Go Roth?

September 21, 2018 Articles

Some say yes, pointing to the recent federal tax reforms.   Provided by Nisivoccia Wealth Advisors LLC   Will federal income tax rates ever be lower than they are right now? Given the outlook for Social Security and Medicare, it is hard to imagine them falling much further. Higher federal…

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5 Retirement Concerns Too Often Overlooked

September 19, 2018 Articles

Baby boomers entering their “second acts” should think about these matters.   Provided by Nisivoccia Wealth Advisors LLC   Retirement is undeniably a major life and financial transition. Even so, baby boomers can run the risk of growing nonchalant about some of the financial challenges that retirement poses, for not…

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Getting Your Personal Finances in Shape for 2019

September 17, 2018 Articles

Fall is a good time to assess where you stand and where you could be.   Provided by Nisivoccia Wealth Advisors LLC You need not wait for 2019 to plan improvements to your finances. You can begin now. The last few months of 2018 give you a prime time to…

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Financial Considerations When Buying a Car

August 31, 2018 Articles

Things to think about before heading to a dealership.   Provided by Nisivoccia Wealth Advisors LLC   Time to buy a car? Short of buying a house, this is one on the most important purchases you will make. It’s also one that you might be making several times through your…

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Build Your Rainy Day Fund

August 29, 2018 Articles

Like an emergency fund, it can come in handy.   Provided by Nisivoccia Wealth Advisors LLC   Sometimes, life gets expensive. A little bad luck or a twist of fate can hit us right in the checkbook and challenge us to live within our budget.   An emergency fund may…

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Tax Moves to Consider in Summer

August 27, 2018 Articles

Now is a good time to think about a few financial matters.   Provided by Nisivoccia Wealth Advisors LLC   Making changes earlier rather than later. If you own a business, earn a good deal of investment income, are recently married or divorced, or have a Flexible Savings Account (FSA),…

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Top 10 Ways to Avoid Becoming Phishing Bait

August 8, 2018 Articles

Greg Wilson, Head of Information Security, 1st Global Research & Consulting     A common, growing problem in the technology world is phishing, which is a tactic used by cybercriminals to try to obtain financial or other confidential information from unsuspecting individuals. This is typically done through email messages or phone…

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Save & Invest Even if Money Is Tight

August 6, 2018 Articles

For millennials, today is the right time.   Provided by Nisivoccia Wealth Advisors LLC   If you are under 30, you have likely heard that now is the ideal time to save and invest. You know that the power of compound interest is on your side; you recognize the potential…

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Keep Your Life Insurance When You Retire

August 3, 2018 Articles

Some good reasons to retain it.   Provided by Nisivoccia Wealth Advisors LLC   Do you need a life insurance policy in retirement? One school of thought says no. The kids are grown, and the need to financially insulate the household against the loss of a breadwinner has passed.  …

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Financial Fraudsters Preying on Boomers & Elders

August 1, 2018 Articles

If something sounds too good to be true, it probably is.   Provided by Nisivoccia Wealth Advisors LLC     If you are in or near retirement, it is a safe bet that you would like more yield from your investments rather than less. That truth sometimes leads liars, scammers,…

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How Your Credit May Affect Your Life Insurance Premiums

July 30, 2018 Articles

You may be surprised to learn about the potential relationship.   Provided by Nisivoccia Wealth Advisors LLC   Does your credit history partly determine the cost of your life insurance? It may. The potential for such a relationship may surprise you – and the relationship is not without controversy.  …

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Social Engineering Attack Methods

July 20, 2018 Articles

  While computer system breaches are often done through means of technology, there are certain methods hackers can use to take advantage of unsuspecting individuals that are less technical — especially social engineering.   Social engineering uses direct human interaction, whereby hackers fool others in order to gain access to…

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Ways to Repair Your Credit Score

July 18, 2018 Articles

Steps to get your credit rating back toward 720.     Provided by Nisivoccia Wealth Advisors LLC                         We all know the value of a good credit score. We all try to maintain one. Sometimes, though, life throws us a financial curve and that score declines. What steps can…

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Financial Elder Abuse: Perception vs. Reality

July 16, 2018 Articles

Someday, you or your parents could be at risk.   Provided by Nisivoccia Wealth Advisors LLC   You may know victims of financial elder abuse. According to a new Wells Fargo Elder Needs Survey, almost half of Americans do.1    As you read or hear stories about seniors being financially…

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Coping with College Loans

July 13, 2018 Articles

Paying them down and managing their financial impact.   Provided by Nisivoccia Wealth Advisors LLC Is student loan debt weighing on the economy? Probably. Total student loan debt in America is now around $1.5 trillion, having tripled since 2008. The average indebted college graduate leaves campus owing nearly $40,000, and…

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Financing a College Education

April 23, 2018 Articles

A primer for parents and grandparents. Provided by Nisivoccia Wealth Advisors LLC   A university education can often require financing and assuming debt. If your student fills out the Free Application for Federal Student Aid (FAFSA) and does not qualify for a Pell Grant or other kinds of help, and…

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The Major Retirement Planning Mistakes

January 29, 2018 Articles

Why are they made again and again?   Provided by Nisivoccia Wealth Advisors LLC Much has been written about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, there are also some classic financial missteps that plague retirees. Calling them “mistakes” may be…

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Damien Paumi Named to 2017 Financial Times 401 Top Retirement Plan Advisers

September 27, 2017 Articles

September 27, 2017 – Damien Paumi is pleased to announce that he has been named to the 2017 edition of the Financial Times 401 Top Retirement Plan Advisers. The list awards and recognizes the top financial advisers with specialization in serving defined contribution (DC) retirement plans.   Applicants of the award…

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Glossary

June 28, 2016 Resources

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Calculator

June 28, 2016 Resources

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