Reading Time: 2 minutesHere are the most common questions we get from clients about taking distributions from their Regular IRAs, as well as their inherited IRA accounts.
Answering the most common questions on IRA distributions Read More »
Reading Time: 4 minutesHere is a straightforward explanation of the New Jersey inheritance tax – what it is, how to manage it, etc.
A clear, simple explanation of the New Jersey inheritance tax Read More »
Reading Time: 5 minutesAnyone who has lived or worked in New York City knows that there are more affordable places to live. But does it make sense, if and when you decided to settle down and buy real estate, to buy a home in the New Jersey suburbs? It’s not as simple a decision as you may think.
Should I buy a house in New Jersey suburbs or New York City? Read More »
Reading Time: 2 minutesWith changes in many of the major economic variables, we thought it would be a good idea to address the changing backdrop in our newsletter this month. #1 One of the key dynamics in play is the labor market. Unemployment hit 3.5% in July, which is just about as low as it historically goes. The
Fall 2023 economic update Read More »
Reading Time: 2 minutesMost people operate with the goal of saving as much as they possibly can. If you want to figure out if you are saving enough, you can always sit down and model it out. But in case you haven’t done so, here are some quick tips to get you started thinking about it. How much
Am I saving enough? Read More »
Reading Time: 5 minutesPfizer is headquartered in Manhattan, New York, but it is home to many tri-state area employees. For these folks we’ve written a blog to decipher the ins and outs of the Pfizer 401k plan. You’ll learn what the major benefits are, how to get started, invest, and much more. We are financial advisors in Morristown, NJ,
What you need to know about the Pfizer 401k plan Read More »
Reading Time: < 1 minuteRecent inflation data shows hope. As always, please reach out with any questions. Sources Bureau of Labor Statistics. (13 June, 2023). Consumer Price Index Summary. https://www.bls.gov/news.release/cpi.nr0.htm Cox, Jeff. (13 June, 2023). CNBC. Inflation rose at a 4% annual rate in May, the lowest in 2 years. https://www.cnbc.com/2023/06/12/stock-market-today-live-updates.html Sorkin, Ross et al. (23 May, 2023). New York Times. https://www.nytimes.com/2023/05/23/business/ai-picture-stock-market.html
Reading Time: 3 minutesAccountants and CPAs often recommend that business owners use an S-Corp as the legal structure for their businesses to reduce income taxes. However, there is far less guidance about how to run a 401k plan when you are an S Corp, which will be the topic of this piece. Whoa – back up! What’s an
How to set up an S Corp 401(k) Read More »
Reading Time: 3 minutesOften there’s not much said about selling a psychiatry practice. As financial advisors for therapists, we encourage you to avoid getting caught off guard as there are many details you should consider. It’s not just a simple changing of titles. We’ll explore what psychiatrists should do when selling a business in this blog. Before we
What roadblocks should I avoid when selling my psychiatry business Read More »
Reading Time: 4 minutesWorking with retired people, a common question we get is, “Should we move from New Jersey to Florida.” Given how expensive it can get in New Jersey, people often entertain the idea of settling down elsewhere for their golden years. But it’s not a simple decision! Here’s what you should be considering if you are
So, you’re thinking about moving from New Jersey to Florida… Read More »
