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Wednesday, June 1, 2022

Current events are wreaking havoc on your budget and portfolio. Here is what we are doing, and suggest you do, to cope while we wait for the recovery and the return to responsible stewardship.

Friday, May 27, 2022

See what you missed in our discussion on inflation and its impact on planning for retirement. View our webinar recording.

Monday, May 2, 2022

Join us on May 25th for a timely, complimentary webinar on behalf of Allianz Insurance and Alloy Silverstein Financial Services, Inc.

Monday, March 7, 2022

Monday, December 13, 2021

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Friday, September 10, 2021

The Personal Financial Organizer One of the least discussed, but most important, items to have available to your survivors is a binder or file that contains all the information regarding where your accounts, documents, insurance...

Friday, August 20, 2021

If you have a weak constitution you may want to turn on your favorite movie and not read this article. Now that you have been forewarned, here is what is going on and the natural effects, in my opinion. JOBS Prior to the pandemic, the...

Wednesday, June 9, 2021

What you need to know We're always being reminded to save for retirement in tax-advantaged accounts like 401(k)s or IRAs. But did you know the government does an about-face and forces us to take money out of those accounts once we...

Tuesday, June 1, 2021

This article is not going to be about any of the proposals coming out of Washington, the really poor jobs report on May 7th, or why the Phillies still need relief pitching after years of having the same problem. These are all small...

Monday, March 1, 2021

As virtually everybody was wondering what was going on with GameStop and Robinhood, and what the heck is short-selling etc., the bond market was doing what it normally does: giving us clues as to the future economic outlook. Of course,...

Monday, November 23, 2020

At the time of this writing, it is November 2nd and I don’t know who won the election. Are you happy or sad? Whichever you are, get over it and plan for your future. Let’s take a look at the likely policies that will be...

Wednesday, August 26, 2020

When preparing a financial plan for any client, one of our primary goals is to have enough income sources, even if there is a periodic disruption in the investment portfolio. Some fortunate clients have a pension, social security,...

Wednesday, July 1, 2020

It has been comforting to me, and I think to our clients, that during the Coronavirus crisis the Retirement and Financial Plans we worked on in prior months and years showed what their real financial position is instead of focusing on...

Wednesday, July 1, 2020

Exploring your extended care options may be wise at this time. Given the threat of COVID-19, seniors today may be considering their extended care alternatives with extra caution.1 In addition to health factors, the cost can be an issue...

Friday, June 26, 2020

IRA Distributions Done for Tax Year 2020 May Be Deposited Back By August 31, 2020. We are happy to report that the IRS has announced rollover relief for required minimum distributions from retirement accounts that were taken for tax...

Tuesday, June 9, 2020

By now, there’s a good chance that the recent market downturn resulting from the COVID-19 pandemic has left you questioning your investment strategy. But now that the sudden onset of this downturn has passed, it’s time to...

Monday, June 8, 2020

Here’s what you need to know. 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...

Tuesday, May 26, 2020

What it is, and why it's important. 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...

Tuesday, April 14, 2020

Is it right for you? 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...

Monday, April 13, 2020

In this Q1 recap: COVID-19 hits the United States, followed by heavy economic volatility, government stimulus, and an as-yet untold human cost. Quarterly Economic Update A review of Q1 2020, Presented by Ronald Donato, Jr., CFP®,...

Wednesday, April 1, 2020

Distributions can be waived in 2020 for Inherited Accounts, 401(k)s, and IRAs. Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was signed into law. The CARES Act is...

Monday, March 30, 2020

On March 27, 2020 President Trump signed into law the Coronavirus Aid Relief and Economic Security Act (CARES Act). The CARES Act is a stimulus bill featuring over $2 trillion in measures designed to make a significant impact on the...

Tuesday, March 24, 2020

The 24-Hour News Cycle moves from Impeachment to COVID-19 to the Primaries – What’s next? In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the...

Tuesday, March 24, 2020

Talk about precautions with the seniors in your family. Elders are financially defrauded in this country on a daily basis. Only a few of these crimes are made public. In fact, the National Adult Protective Services Association (NAPSA)...

Tuesday, March 17, 2020

Reap the benefits of new laws. Recent legislation makes changes to popular retirement savings plans like IRAs and 401(k)s. Here are the major changes and how you can benefit from the new rules of the SECURE Act. You now have until age...

Tuesday, March 10, 2020

What younger investors need to know. 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)...

Monday, March 9, 2020

Focusing on Your Strategy During Turbulent Times. Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two...

Sunday, March 8, 2020

In case you didn’t notice, 2019 was a year to remember for financial markets. After the poor market performance in the fourth quarter of 2018, it was definitely not expected. This year also started well, until the Coronavirus...

Sunday, February 23, 2020

Don't ignore the impact of taxes on your investments. While taxes should not drive your investment strategy, understanding how taxes affect your earnings will help you minimize taxes and maximize your return. Some things to consider: 1...

Wednesday, February 19, 2020

One of the basics in retirement is to be as tax efficient with your income as possible. In 2019, income tax rates range from 0 to 37 percent, plus a potential 3.8 percent net investment tax. Understanding how these progressive tax...

Monday, February 17, 2020

Alloy Silverstein breaks down the new law updates and planning opportunities at an upcoming lunch workshop in Cherry Hill and Hammonton, NJ. The SECURE ACT: How does it change your retirement? The biggest retirement planning changes...

Wednesday, January 29, 2020

Not everyone retires the same way – or at the same pace. Are you in a hurry to retire? Not everyone is rushing to that particular finish line. According to the 2018 retirement survey from the Transamerica Center for Retirement...

Tuesday, January 28, 2020

As part of your 2020 planning, now is the time to review funding your retirement accounts. By establishing your contribution goals at the beginning of each year, the financial impact of saving for your future should be more manageable....

Friday, January 10, 2020

Long-established retirement account rules change. 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...

Tuesday, January 7, 2020

Explaining these ubiquitous forms and their uses. What is a 1099 form? This is a record of payment from an individual or entity, showing a payment, generated for your records. The individual/entity sends a copy to both the payee as...

Tuesday, January 7, 2020

In this Q4 recap: Equities maintain their momentum to close out a strong year on Wall Street, helped by a slight thaw in the U.S.-China trade dispute and some better-than-expected domestic economic data. Quarterly Economic Update A...

Thursday, December 12, 2019

Re-balancing, as it pertains to your investment portfolios, is the process by which we periodically “update” the allocation of your various investments so that they maintain your desired risk profile. In English, this means...

Wednesday, December 11, 2019

Here are some things you might consider before saying goodbye to 2019. What has changed for you in 2019? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your...

Monday, November 11, 2019

A windfall from a loved one can be both rewarding and complicated. Inheriting wealth can be a burden and a blessing. Even if you have an inclination that a family member may remember you in their last will and testament, there are many...

Monday, October 28, 2019

In this Q3 recap: the U.S. and China intensify their trade dispute, but agree to negotiate again, the Federal Reserve cuts short-term interest rates once more, and stocks ride through some volatility to end the summer higher. Quarterly...

Monday, October 28, 2019

Time to assess the insurance coverage for your new and growing household. Insurance When You're Newly Married Marriage changes everything, including insurance needs. Newly married couples should consider a comprehensive review of their...

Monday, September 30, 2019

Some things to consider. During your accumulation years, you may have categorized your risk as “conservative,” “moderate,” or “aggressive,” and that guided how your portfolio was built. Maybe you...

Sunday, September 15, 2019

How global returns and proper diversification are affecting overall returns. “Why is my portfolio underperforming the market?” This question may be on your mind. It is a question that investors sometimes ask after stocks...

Wednesday, September 11, 2019

Firm Offers Tax-Smart Planning & Investing Strategies to Advisors and the Clients They Serve September 9, 2019—Earlier this year, our firm’s wealth management support and services provider, 1st Global, was purchased by...

Tuesday, September 3, 2019

A Tax-Optimized Strategy for RMDs If you are age 70½ or older, and you have an IRA, 401(k) or other tax-deferred retirement account, government regulations require you to take out a minimum amount of that account each year. ALL...

Monday, August 26, 2019

A longer repayment time can be an advantage. The conventional wisdom about taking a loan from your 401(k) plan is often boiled down to: not unless absolutely necessary. That said, it isn’t always avoidable for everyone or in...

Wednesday, July 31, 2019

Avoid these situations, if you can. Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy. Yes, the...

Monday, July 29, 2019

Paying attention to the wrong things becomes all too easy. If you ever have the inkling to manage your investments on your own, that inkling is worth reconsidering. Do-it-yourself investment management is generally a bad idea for the...

Wednesday, July 10, 2019

As you start a family, consider these ideas. Being a parent means being responsible to a degree you never have been before. That elevated responsibility also impacts your financial decisions. You are now a provider and a protector, and...

Tuesday, July 2, 2019

If you are between 40 & 60, beware of these financial blunders & assumptions. Mistakes happen, even for people who have some life experience under their belt. That said, your retirement strategy is one area of life where you want to...

Wednesday, June 26, 2019

Values can help determine goals & a clear purpose. Some millionaires are reluctant to talk to their kids about family wealth. Perhaps they are afraid of what their heirs may do with it. If a child comes from money and grows up knowing...

Monday, June 17, 2019

That may be unlikely, but the program does face financial challenges. Will Social Security run out of money in the 2030s? You may have heard warnings about this dire scenario coming true. These warnings, however, assume that no action...

Wednesday, June 5, 2019

Step One: Find a trusted financial coach; Step Two: Listen to your coach. Whether you are a professional athlete, a college amateur, or an aspiring Olympian, you probably know what success feels like. You also know a thing or two about...

Tuesday, June 4, 2019

Probate is the court-supervised process of authenticating a last will and testament if the deceased made one. It includes locating and determining the value of the decedent's assets, paying final bills and taxes, and distributing the...

Tuesday, May 28, 2019

What is your exit strategy? 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...

Wednesday, April 24, 2019

Whether you're a seasoned investor or new to the game, you'll want to make a conscious effort to avoid these three common investment mistakes: 1) Relying on emotions. According to Essentia Analytics, behavioral scientists have studied...

Monday, March 25, 2019

As you approach retirement, it may be time to pay more attention to investment risk. If you are an experienced investor, you have probably fine-tuned your portfolio through the years in response to market cycles or in pursuit of a...

Wednesday, March 13, 2019

What should you know? What should your executor know? When people think about estate planning, they may think in terms of personal property, real estate, and investments. Digital assets might seem like a lesser concern, perhaps no...

Tuesday, March 5, 2019

Following are the BASICS of capital gains as they pertain to the investments we typically encounter. You should consult with your tax professional for your personal situation. What are capital gains (and losses)? You buy XYZ Company...

Monday, March 4, 2019

As you reduce your liabilities, embrace the behaviors that may improve your balance sheet. Paying off a major debt produces a sense of relief. You can celebrate a financial milestone; you can “pay yourself first” to greater...

Monday, February 25, 2019

Wise moves to make before things are finalized. 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. Find...

Friday, February 22, 2019

Perhaps both traditional and Roth IRAs can play a part in your retirement plans. IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts...

Sunday, February 17, 2019

It may not sound enticing, but creating a will puts power in your hands. 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 be...

Wednesday, December 19, 2018

Are you aware of them? The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive. If you are 65 or older, your standard deduction is $1,300 larger. Make that...

Wednesday, December 19, 2018

Volatility in the Market is Normal: Avoid the Emotional Rollercoaster When it comes to long-term performance, there are “3 P’s” that investors must always remember: Patience, Perspective and Planning. Here is an...

Monday, December 17, 2018

No, this isn’t Joey Tribbiani (remember Friends?). [Note: We recently sent out a blast email to all of our clients who use email regarding the recent market volatility. Please read it and let us know if you have any questions or...

Monday, December 17, 2018

Look beyond this moment and stay focused on your long-term objectives. Volatility will always be around on Wall Street, and as you invest for the long term, you must learn to tolerate it. Rocky moments, fortunately, are not the norm....

Monday, November 26, 2018

A recent poll of pre-retirees suggests that truth risks being ignored. Steady income or a lump sum? Last year, financial services firm TIAA asked working Americans: if you could choose between a lump sum of $500,000 or a monthly income...

Tuesday, October 16, 2018

Sometimes more money can mean more problems. “Lifestyle creep” is an unusual phrase describing an all-too-common problem: the more money people earn, the more money they tend to spend. Frequently, the newly affluent are the...

Tuesday, October 2, 2018

Fall is a good time to assess where you stand and where you could be. 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 examine critical areas of...

Monday, October 1, 2018

The nature of our economy could help it withstand the disruption. A trade war does seem to be getting underway. Investors around the world see headwinds arising from newly enacted and planned tariffs, headwinds that could potentially...

Thursday, September 27, 2018

A bill now in Congress proposes to alter some longstanding rules. Most Americans are not saving enough for retirement, despite ongoing encouragement to do so (and recurring warnings about what may happen if they do not). This year,...

Tuesday, September 25, 2018

Your withholding may need to be adjusted due to the 2017 federal tax reforms. The Internal Revenue Service has a message for you. You may need to adjust the amount withheld from your paycheck or the size of your estimated tax payments...

Friday, August 31, 2018

Bill Roth was a Senator from Delaware. He realized in the late 1990s that savings rates were too low in the U.S. and he endeavored to find a solution. Enter the Roth IRA. Contributions to a Roth IRA won’t re­duce your tax...

Thursday, August 23, 2018

If something sounds too good to be true, it probably is. 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, and...

Wednesday, July 25, 2018

A lack of money is but one answer. Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin? Nearly everyone can save something. Even small cash savings may be the...

Monday, June 25, 2018

If you buy a home and you have no life insurance, there is a financial risk. It may not be immediately evident, but it must be acknowledged -- and it should be addressed. What if you die, and your spouse or partner is left to pay off...

Wednesday, June 20, 2018

Many people are familiar with 401(k)s, but IRAs are another popular retirement savings vehicle and they come in several varieties. While the most well-known types of IRAs are Roth and traditional IRAs, there are other types of...

Thursday, June 14, 2018

Turn your intent into a commitment. Goals give you focus. To find and establish your investing and saving goals, first ask yourself what you want to accomplish. Do you want to build an emergency fund? Build college savings for your...

Friday, June 1, 2018

Changing jobs is a much more frequent occurrence than it used to be. Eventually people even retire (at least that is what I hear). When either of these events occurs, it is too many times the case that a person might not know exactly...

Wednesday, May 23, 2018

A look at some of the choices. Households are saving too little for the future. According to one new analysis, 41% of Gen Xers and 42% of baby boomers have yet to begin saving for retirement. In a recent financial industry survey, 35%...

Monday, April 30, 2018

Shop wisely when you look for coverage. Are you about to buy life insurance? Shop carefully. Make your choice with insight from an insurance professional, as it may help you avoid some of these all-too-common missteps. Buying the first...

Sunday, April 1, 2018

The Solo 401(K): A retirement savings vehicle designed for the smallest businesses. A solo 401(k) lets a solopreneur or self-employed individual set up a 401(k) plan combined with a profit-sharing plan. You can create one of these if...

Thursday, March 29, 2018

You might get to deduct the mortgage interest premiums you paid in 2017 after all. Recently, you may have received a corrected Internal Revenue Service Form 1098 from your mortgage lender. The correction probably spells good news for...

Tuesday, March 20, 2018

After 20 months of relative calm, this volatility needs to be taken in stride. Are you upset by what is happening on Wall Street? It may help to see this pullback within a big-picture context. Corrections have become so rare as of late...

Tuesday, February 27, 2018

Finally! The market has had a pullback. But not with catastrophic results. We closed the year with the S&P at 2,673.61 on December 29, 2017. As of the close today, February 6, 2018, the S&P has closed at 2,695.14. This means that...

Wednesday, February 7, 2018

Federal tax reforms lead to new possibilities for these education savings accounts. Do you have a 529 college savings plan? Have you thought about opening a 529 plan account? If the answer to either question is “yes,” you...

Saturday, January 27, 2018

Keep an eye on where it goes, as some destinations may be better than others. You can probably envision how most of your retirement money will be spent. Much of it will be used on living expenses, health care expenses, and, perhaps,...

Wednesday, January 24, 2018

Is this age group preparing adequately for the future? How would you guess Gen X is faring when it comes to retirement saving? Americans born between 1965 and 1980 are approaching what should be their peak income years, and many of...

Thursday, January 18, 2018

$1.1 billion has been garnished from retirement benefits to pay back old student loans. Do you have a federal student loan that needs to be repaid? You may be surprised at what the government might do to collect that money someday, if...

Tuesday, January 2, 2018

A good financial strategy is not just about “making money;” it is also about protection. Some people mistake investing for financial planning. Their “financial strategy” is an investing strategy, in which they...

Tuesday, December 26, 2017

Some solopreneurs think they will “work forever,” but that perception may be flawed. About 20% of Americans aged 65-74 are still working. A 2016 Pew Research Center study put the precise figure at 18.8%, and Pew estimates...

Monday, December 18, 2017

You could save today & tomorrow, often without that penny-pinching feeling. Directly & indirectly, you might be able to save more per month than you think. Hidden paths to greater savings can be found at home and at work, and their...

Thursday, December 14, 2017

What are the potential benefits? What are the drawbacks? If you own a traditional IRA, perhaps you have thought about converting it to a Roth IRA. Going Roth makes sense for some traditional IRA owners, but not all. Why go Roth? There...

Sunday, December 10, 2017

We have all wondered whether Social Security will be there when we retire. Well, the government has done their latest assessment regarding the state of Social Security (see The 2017 Annual Report of the Federal Old-Age and Survivors...

Thursday, November 30, 2017

Careers and businesses end, but the need to borrow remains. We spend much of our adult lives working, borrowing, and buying. A good credit score is our ally along the way. It retains its importance when we retire. Retirees should do...

Tuesday, November 21, 2017

Consumers may be at risk for many years. How long should you worry about identity theft in the wake of the Equifax hack? The correct answer might turn out to be “as long as you live.” If your personal data was copied in...

Saturday, October 14, 2017

How separate (or intertwined) should your financial lives be? Some spouses share everything with each other – including the smallest details of their personal finances. Other spouses decide to keep some individual financial...

Monday, October 2, 2017

Crises pass, and markets eventually regain equilibrium. We have seen some uneasy times lately. Uneasiness impacts the financial markets. When it does, we all need to keep some long-term perspective in mind. Those who race to the...

Tuesday, August 29, 2017

Much has been written and discussed about the evils of annuities. In fact, I am frequently asked about annuities by clients and future clients. Of course, like so many things, an annuity is neither inherently good nor bad. In fact, the...

Thursday, August 17, 2017

Your approach to building wealth should be built around your goals & values. Just what is “comprehensive financial planning?” As you invest and save for retirement, you will no doubt hear or read about it – but what...

Thursday, July 27, 2017

How can you convey its importance and its meaning? Are you an owner of a thriving business or a medical or legal practice? Are you a highly paid executive? If you have children, at some point they may discern how wealthy you are...

Friday, July 21, 2017

Most of us will never face taxes related to money or assets we give away. “How can I avoid the federal gift tax?” If this question is on your mind, you aren’t alone. The good news is that few taxpayers or estates will...

Monday, June 19, 2017

Each generation faces unique challenges and opportunities when it comes to managing finances at different life stages. Alloy Silverstein provides the following do's and don'ts to help Millennials stay on track with their finances....

Tuesday, May 23, 2017

Yogi Berra was definitely quotable. The above title is attributed to him. Let’s assume that now you are in your 40’s, have established yourself in a career, and are thinking that you have made too many “wrong...

Wednesday, May 17, 2017

Should you save it? What are smart ways to spend it? Following is some advice in deciding how to handle a windfall of income. April and May are the months where taxpayers begin dreaming about their refunds. The average federal tax...

Thursday, May 4, 2017

The Personal Financial Organizer One of the least discussed, but most important, items to have available to your survivors is a binder or file that contains all the information regarding where your accounts, documents, insurance...

Thursday, March 9, 2017

Your bundle of joy has arrived. You have all the cute little clothes, safest car seat, a bassinet, and everything else that is necessary. Right? Well, maybe not. After the planning to have the baby (checking your medical insurance...

Wednesday, November 23, 2016

President-Elect Donald J. Trump now has his work cut out for him. Our country needs for him to be successful. Here is a very brief list of some things that he will be dealing with that will affect the currently anemic economy. THERE IS...

Monday, October 24, 2016

Getting Ready to Retire? Looking for a Better Match with a Financial Advisor Who Will Meet Your Needs? Beginning to Build Your Investment Portfolio? You should make sure you know the answers to these questions before you take the next...

Wednesday, September 14, 2016

We are certainly living in interesting times. Let’s very briefly explore some of the topics that have caused market anxiety this year. BREXIT (that is, Great Britain leaving the European Union, or EU) was something that most of...

Wednesday, June 8, 2016

One of the many issues that we don't want to deal with is our own mortality. However, there are many good reasons to review your life insurance coverage, and some of your life goals may be met by doing so. I Already Have Insurance......

Monday, March 28, 2016

One of my clients, when the markets do what they have been doing recently, will call or send an email and ask me to please stop messing around and fix the markets. I feel his pain and I wish I had that kind of power. If only it were...

Friday, September 25, 2015

Everybody needs estate planning to protect your loved ones when you die or if you become incapacitated. When emotions run high, your estate plan settles your affairs and will help the people you care most about with difficult decisions...

Saturday, September 19, 2015

I am not an expert in healthcare, so you should consult someone who is. However, when you retire and decide to travel abroad, what are you doing for health insurance? If you are enrolled in Medicare, basic coverage is no good as soon...

Monday, June 15, 2015

Many clients are concerned with stock prices. Are they overvalued? Yes, by some measures. Are economic conditions not exactly inspiring? Yes again. Of course, many people had the same feeling two and three years ago. Imagine what would...

Sunday, March 15, 2015

Many clients have asked questions about the typical required minimum distribution (“RMD”) that must eventually be taken from nearly all retirement accounts. Here is some general information. Note that there are many special...

Monday, December 15, 2014

With the end of the Fed’s bond buying program, we know that the days of perpet­ually low interest rates are ending. When bonds are a part of your in­vestment port­folio, rising interest rates can present a challenge....

Saturday, November 15, 2014

There have been many times in world and U.S. history when we have heard the warning signals of hard times to come. Some of these warnings were given with good cause. Churchill warned of the German military buildup, and many in our...

Sunday, June 15, 2014

How many times have you heard some­one at a backyard party or family gather­ing bragging about that stock that made them big money? Conversely, you may even have insisted that you need to go to cash because the world is ending...