Reading Time: 2 minutes With 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 minutes Most 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 minutes Pfizer 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 minute Recent 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 minutes Accountants 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 minutes Often 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 minutes Working 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 »
Reading Time: 2 minutes In our travels we are constantly finding that the people around us seem to have no idea what a trust actually is. The term “trust fund baby” led many to believe that trusts are just for the ultrawealthy – and in reality, this is not the case. Do you have a trust? And more importantly
Trusts are not just for ultra-wealthy people! Read More »
Reading Time: 5 minutes Most people think a solo 401(k) is just a place for self-employed people to stuff a bunch of cash to save for retirement. We see much more dimensionality to it! In this article, we’ll cover what the solo 401(k) deadlines are, and other basic information. But more importantly, we’ll discuss how to use these vehicles
What you need to know about solo 401(k) contribution deadlines Read More »
Reading Time: 2 minutes Equities It’s wise to adopt a cautious stance on equities. Central banks around the world are raising rates; and in the United States, we would expect a few more minor (25 basis point) hikes this year. In the case of overtightening, this may lead to a global economic recession. Bonds As for the bond market,
The market scores a C+, spelling time for vigilance Read More »
