Our friends at Western New York Physician Magazine recently partnered with Sue Redsicker, Director of Financial Planning, on an article entitled, A Boom in Gray Divorce Means Special Considerations for Women. Head over to their website here for the full article. You can find it on page 25 of the digital edition.
It is that time of year again… back to school! Every year this event ends up costing more than most parents want to spend, and every year it gets more expensive. As a parent of three kids myself, ranging from elementary to high school, I can understand and empathize. Here are some tips and tricks to assist in school saving and budgeting. If the ship has sailed for the 2021-2022 school year, these helpful hints will get you on board for the next one.
As the economic recovery continues, corporate earnings are surging as businesses grapple with outsized levels of pent-up demand. In the second quarter alone, earnings for S&P 500 companies have exceeded analyst expectations with year-over-year growth a whopping 90%! For the full year, earnings are estimated to grow 40% – the largest annual increase since the Great Financial Crisis.
Company stock compensation plans are a great way for companies to reward and retain their employees. Restricted stock units (RSUs) are one of the more common forms of this type of compensation. RSUs are granted to an employee and generally vest over specific lengths of time. The longer the employee stays with the company, generally, the more RSUs the employee receives. Individuals who are fortunate enough to receive these benefits should develop a strategy to ensure that they do not become overly concentrated in a single stock position.
With the recent passage of the $1.9 Trillion American Rescue Plan, many Americans will receive needed financial relief as we continue to navigate the COVID-19 pandemic. While many provisions of the plan are complex, there are several pieces of the legislation that will directly affect many families right here in our local community.
The COVID-19 Pandemic has presented countless challenges for our country. Whether you’re a seasoned professional, an empty nester, a fresh college graduate, or anywhere in between; many of us have had no choice but to change the way we think about budgeting.
February is a time to come together in celebration of the contributions that Black Americans have made throughout American history and a time to pause and reflect on the ongoing struggle for equality and social justice. The theme of Black History Month this year is, The Black Family: Representation, Identity and Diversity. As we take into consideration all that Black History Month represents, I cannot help but think about how timely and appropriate this theme is given all that our country, and specifically our Black neighbors, endured in 2020. While the year has ended, the work for racial justice continues.
You may have heard that several points related to the SECURE Act of 2019 have been clarified. As your community-based financial advisors, we wanted to take a moment to bring you some of the most important pieces of the Act for your reference.
As 2020 nears an end, many of us are reflecting on both personal and professional accomplishments, challenges, and opportunities. We make similar reflections as seasoned investors to continually improve our skillset. While the following list is not inclusive, it highlights important points to remember in times of high uncertainty in the markets: