Blog

Annuities Unveiled: The Secret Weapon for Wealthy Investors

Tony Bertocchini

Thursday, July 11, 2024

Annuities are investment strategies offered by insurance companies that provide a steady income stream in retirement. These financial vehicles may particularly appeal to high-net-worth (HNW) investors for various reasons. At their core...

Estate planning can be daunting for many families, especially those with significant wealth and assets. However, a strategy such as a Family Limited Liability Company (FLLC) may help ease concerns while offering various benefits for...

Net investment income tax (NIIT), also affectionately known as the ‘You-Make-A-Lot-of-Money Tax,’ involves the net investment income of individuals, estates, and trusts. According to the Wall Street Journal, more Americans than ever...

Safeguarding Your Finances as You Near Retirement

Tony Bertocchini

Friday, June 14, 2024

Protecting your finances is always important. But as you approach retirement, with less time to bounce back from any missteps, it becomes even more critical to avoid fraud, identity theft, and other threats. Below, we discuss a few...

The Risks of Being Rich: Insurance Coverage Considerations for High-Net-Worth Families

Tony Bertocchini

Friday, June 7, 2024

Financial affluence often comes with various benefits and challenges, including the requirement for suitable insurance coverage. High-net-worth (HNW) families typically have a more complex risk profile than the average household,...

Smart Strategies for Staying Ahead in Uncertain Markets

Tony Bertocchini

Thursday, May 23, 2024

Over the past few years, the market has appeared to be on a rollercoaster, providing investors with moments of excitement followed by heart-palpitating anxiety. Staying ahead during uncertain market activity seems impossible, but smart...

529 Plans Demystified: What Affluent Families Need to Know

Tony Bertocchini

Thursday, May 16, 2024

As an affluent family, planning for your children's education is likely a top priority. You want to ensure that they have access to the best education possible without worrying about the high cost of tuition; this is where 529 plans...

Tips for Navigating Inflation as a Small Business Owner

Tony Bertocchini

Thursday, May 9, 2024

Small business owners face many challenges, which may become even more significant during inflation. As inflation hit new highs in recent years, small business owners are being tested and challenged by high costs and high interest...

Fed Projections Suggest Three Rate Cuts in 2024

Tony Bertocchini

Thursday, May 2, 2024

As expected, the Federal Open Market Committee (FOMC) decided to keep the target range for the federal funds rate at 5.25 to 5.50 percent for the fifth consecutive meeting, as it wants to "gain greater confidence that inflation is...

How to Prepare Your Finances for an Election Year

Tony Bertocchini

Thursday, April 25, 2024

Election years create a certain level of uncertainty regarding your finances and investments. During continued market volatility, an imminent election can make investors tense. All followers of political parties believe their party...

Raising Savers: Teaching Your Kids How to Avoid Learning Financial Responsibility the Hard Way

Tony Bertocchini

Thursday, April 18, 2024

Who doesn’t remember their first job, receiving your first paycheck, and even applying for and using a credit card for the first time? Access to money provides a sense of freedom and the ability to buy things you want with your own...

Maximizing Retirement Savings: The Medical HSA

Tony Bertocchini

Thursday, April 11, 2024

The “medical IRA” offers triple-tax benefits and is a unique retirement tool As retirement planning becomes increasingly complex, one vehicle is gaining attention for its potent blend of savings and tax advantages: the Health Savings...

High-Net-Worth Retirement Planning: How Social Security Fits In

Tony Bertocchini

Monday, April 8, 2024

As high-net-worth (HNW) individuals approach their golden years, retirement planning often becomes a focal point of their financial strategies. One aspect of this planning that sometimes creates confusion or misinterpretation is the...

As high-net-worth (HNW) individuals approach their golden years, retirement planning often becomes a focal point of their financial strategies. One aspect of this planning that sometimes creates confusion or misinterpretation is the...

On December 29th, 2022, the Omnibus Appropriations package was signed into law, introducing over 90 new provisions to enable employees and employers alike to establish or update their retirement plans and strategies. Through these new...

Nowadays, when it comes to filing your taxes, there are numerous options. You can file with a tax professional like a CPA, or a tax preparation agency, for example, H&R Block or Jackson Hewitt; in some towns, there are volunteer tax...

The landscape of retirement savings options is broad, offering various strategies for future financial independence in retirement. Many people are familiar with 401(k)s, 457(b) plans, SIMPLE IRAs, Simplified Employee Pension Plans...

Don’t Let Someone Go on Vacation on Your Dime: How to Keep Your Money Safe from Scammers

Tony Bertocchini

Monday, March 4, 2024

Technology continues to grow and evolve, allowing us to stay connected and perform many daily tasks from home. There is a drawback to technology, however. It often leaves us more vulnerable to scammers who hide behind the anonymity...

High Net-Worth executives and those that have been self-employed, can experience common problems in their financial planning journey. Often, they have missed opportunities in their financial planning because they haven’t planned...

Many IRA and retirement plan limits are indexed for inflation each year. Several of these key numbers have increased once again for 2024. How much can you save in an IRA? The maximum amount you can contribute to a traditional IRA or a...

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed into law in December 2019, had significant implications for business owners and employees regarding retirement savings and tax rules.  With some of...

Approximately 60 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to...