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Is a Roth Conversion Right for You?

President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act on December 20, 2019. The bipartisan bill aims to make it easier for Americans to save for retirement. As a result of the SECURE Act, Roth conversions are likely to become a more popular strategy among retirement...

What Is Succession Planning? And Why Do You Need It?

Succession planning is a proactive, strategic approach that allows owners to exit their businesses on their own terms. Not all businesses are created equal, and one of the more common misconceptions we’ve seen business owners share is related to the time frame it takes to walk away or retire.  The reality is, the process of […]

Succession planning is a proactive, strategic approach that allows owners to exit their businesses on their own terms. Not all businesses are created equal, and one of the more common misconceptions we’ve seen business owners share is related to the time frame it takes to walk away or retire.  The...

Avoiding the Probate Process

“After someone dies, their assets go through the process of being divided to their heirs and ensuring any taxes and debts are paid. This is referred to as the probate process,” says Jean Daley, private client associate with W3 Wealth Management in Warren. “It can be costly and lengthy and...

How Will the Secure Act Affect You in 2020?

Let's Talk About Behavioral Finance

The Secure Act was passed and went into effect, January 1, 2020. So what does that mean to you? “I think small business owners are going to want to understand how the Secure Act affects multiple employer plans or what they call MEPS,” says Ryan Glinn with W3 Wealth Management in Warren....

Determining Your Risk Tolerance

Determining Your Risk Tolerance

As signs emerge that our booming economy may be slowing, now may not be a bad time to understand the amount of risk you’re taking in your portfolio and to contemplate whether or not it’s the right amount of risk for you. “The decision of how much risk you should...

How to Withdraw Money from Your 529 Plan

Jean DeAngelo

Money saved in a 529 plan can be withdrawn tax-free to pay for qualified education expenses. “This also includes up to $10,000 for tuition for K-12,” says Jean Daley, private client associate with W3 Wealth Management in Warren. In this installment of The Cautious Investor, Daley, goes over the four...

What Are Required Minimum Distributions? Why Do They Exist?

What Are Required Minimum Distributions?

If you ask someone what he does for a living and he says he’s a dentist, there isn’t a follow up question. People know what dentists do: They clean teeth, fill cavities, perform root canals and remind you to floss to no avail. The same clarity does not exist for the financial planning professional.

If you ask someone what he does for a living and he says he’s a dentist, there isn’t a follow up question. People know what dentists do: They clean teeth, fill cavities, perform root canals and remind you to floss to no avail. The same clarity does not exist for...

What’s the Skinny on Capital Gains?

Let's Talk About Behavioral Finance

“Recently we’ve seen some mutual fund companies spit out their capital gains projections for year end and I figured it would be a relevant time to discuss how capital gains affect a mutual fund share price,” says Ryan Glinn with W3 Wealth Management in Warren. In this installment of The Cautious Investor, ...

Let’s Talk About Behavioral Finance

Let's Talk About Behavioral Finance

“With the longest bull market in U.S. history, I think it’s a good time to talk about home bias and recency bias,” says Ryan Glinn with W3 Wealth Management in Warren. In this installment of The Cautious Investor,  Glinn discusses behavioral finance as it relates to human nature and the biases we...

Can a Part-time Job Negatively Affect My Financial Aid?

Jean DeAngelo

While this is a valid apprehension to have, most students have no reason to worry, says Jean DeAngelo, private client associate with W3 Wealth Management in Warren. “Dependent students can earn up to $6,570 without affecting their eligibility and most summer jobs won’t bring you that much money,” she says....