May 01, 2023
FDIC Insurance: How It Protects Your Cash & How to Increase Coverage
Are you concerned about bank failures? This article explains how FDIC insurance helps safeguard your money, and how you can potentially increase that coverage.
March 10, 2023
Silicon Valley Bank Closed by Regulators, FDIC Takes Control
Silicon Valley Bank, one of the tech sector’s favorite lenders, is shutting down. The FDIC decided to close Silicon Valley Bank, the subsidiary of SIVB, this morning, in its first bank closing of 2023. It is the first bank closure since 2020 when four closings took place. In its resolution of the failed bank, the FDIC is opting for a 'bridge bank' solution. A bridge bank is a temporary bank set up by federal regulators to operate a failed or insolvent bank. Bridge banks may operate for up to three years in order for regulators to liquidate the bank’s assets resulting in the least impact upon the deposit insurance fund. Bridge banks are typically set up for an insolvent bank as regulators try to find a buyer or bailout.
March 08, 2023
Tax Information & Forms
Check out our list of 2023 Client Tax Resources for updated mailing schedules, resources and forms as you prepare for tax season.
March 06, 2023
I want to express my appreciation to the Amherst Chamber of Commerce for organizing the event with the Buffalo Beauts Women's Professional Hockey Team. Being a dad of two very active little girls, it is important to support women's professional sports. Although they were a little scared of the puck bouncing off the glass, as was I, they were excited to cheer on Buffalo's home team! Go Beauts!
March 06, 2023
Credit Card Spending and Your Financial Plan
When used responsibly and strategically, credit cards can help manage your finances, assist with short-term cash flow needs, and facilitate the building of stronger credit. Using a credit could help with managing your monthly budget and could offer benefits such as cash back services. However, there is a very slipperly slope and I advise caution to all consumers. The practice of budgeting skills should be observed before getting a credit card. Read more about how to effectively use credit cards.
February 03, 2023
The 8 'rarest' types of employees—they 'simply outperform everyone else,' says career expert
At first glance, I thought I might be #4 The Engineer because I like to take things apart to see how they work. But if you'd ask my wife, she'll tell you that I never figure out how to put things back together "the same way". Next, I thought #3, The Maverick, was more of a fit because I like to take a more creative approach to problem solving which tend to lead me down roads less travelled. Ultimately, I think I'm more of The Target Marketer, #6, since being a financial advisor requires me to connect with my target audience by being an active listener and considerate towards clients.
January 21, 2023
5 common investment tax filing errors
Learn more about five of the common investment tax filing errors and how to avoid them.
January 18, 2023
This past year has thrown many retirement accounts out of alignment. The truth is, the economy and stock market have entered uncharted waters and no mathematical formula or scientific model can tell us, with perfect accuracy, where we are going next. However, there's more to managing wealth than just investments. Where is the greatest element of risk in your investment portfolio? What is the plan to mitigate that risk? As you plan to reduce/control that risk, has this upset your life goals or financial needs? I can't stress enough about the importance of having a financial plan in place. If you have one in place, when was the last time you reviewed this plan with your advisor or received a second opinion? The present time is a good time to be asking these difficult questions.
January 13, 2023
Great information here about what to expect from the markets and different viewpoints.
December 08, 2022
9 Considerations for 2022 Year End Tax Planning
In addition to the continued challenges brought on by inflation and rising prices, 2022 also saw new tax laws as well as proposed additional anticipated changes in 2023. This article examines what you should be aware of as you begin to prepare for 2022 year-end tax planning.
December 08, 2022
Make Long-Term Care a Part of Your Financial Plan
It is important that long-term care be addressed as part of your financial plan so you’re prepared for what life may bring.
December 08, 2022
4 Tips for Navigating Market Volatility
Market volatility is inevitable, but that doesn’t mean it isn’t concerning at times. Let’s explore some important tips and insights that may help you navigate market volatility in a smart and strategic way.
November 21, 2022
Investing in Water
Our Investment Strategy Group reviews the importance of water to life and the economy and highlights major investment implications.
November 21, 2022
The Great Dig Out 2022! Mother Nature provided us with over 77" of snow. Growing up in Buffalo, I have seen this amount of snow before but not in such a short period. Now that the storm seems to have passed, I took my girls out to admire some of the beauty around the neighborhood. Many people from all over have been asking me "how do you deal with all this snow". My response, "one day at a time". Other than running low on gas for the snowblower, we are in good shape. While we wait for the snow to take a break, we check in with neighbors to make sure everyone has what they need to stay warm and safe. This is what makes us the city of good neighbors! I hope everyone remains safe and warm!
November 20, 2022
Thoughts on Bear Markets and Recessions
Our Investment Strategy Group reviews historical data on bear markets and recessions and provides 10 observations for investors to know.
November 16, 2022
Last night, my office hosted an event at Salvatore's to raise awareness for Kevin Guest House. We raise over $1,000 and collected household items to be donated to Kevin Guest House. For those who are not familiar with Kevin Guest House: Founded in 1972 by Cyril & Claudia Garvey of Sharon, PA in honor of their son Kevin who sadly lost his battle with leukemia, KGH is the inspiration for the first Ronald McDonald House in Philadelphia, PA and more than 600 similar houses across the country and worldwide. For 50 years, KGH provided a comfortable and supportive home away from home for patients and families traveling to receive state of the art healthcare in Buffalo. More than 60,000 guests have stayed at KGH since its inception, mostly originating from WNY and the Southern Tier, but also including guests from 49 states, Canada, and 11 other countries. Patients and their families are welcome regardless of age, medical condition, or healthcare provider. For more information about Kevin Guest House, please visit: kevinguesthouse.org