The 2017 tax season is mostly in the books (if you filed an extension, you have until October 15th, 2018 to complete your return), but if you became your own boss last year or this year, it might be wise to set-up a retirement account for your business and make pre-tax contributions that can grow…
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My client, Alice, came in for her semi-annual review meeting recently and said (as many clients do), “I don’t like paying taxes.” Good news: You only pay taxes when you’ve made money. But that does not mean you should not try to minimize your taxes as much as possible. In Alice’s case, she was transitioning…
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Over forty million families are acting as primary caregivers for their aging parents. This generation of adults in their 40’s and 50’s is called the “sandwich generation” because they are caring for their children and their aging parents at the same time. The number of family care givers will continue to rise as our aging…
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2017 was another busy and successful year for Pinnacle Advisory Group, as the company continues to excel in providing comprehensive wealth management services to clients looking for high quality financial planning and risk-managed investing. Please join us in taking a quick look back at all the exciting new developments that took place here at Pinnacle…
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The beginning of the first quarter was serene and pleasurable, as equity markets levitated on the back of increasing earnings expectations and solid world economic underpinnings. But the market euphoria didn’t last long. February saw volatility awaken from its slumber with a jolt, kicking off a long-anticipated correction that reminded investors there is never a…
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One considerable (and common) challenge for clients is to focus on the goals they ought to focus on from a purely financial perspective, despite the psychological and behavioral biases which may direct their attention elsewhere. For instance, many households overemphasize accumulating assets (when they should be paying down debt), or overemphasize paying down debt (when they…
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On Saturday, March 17, 2018, Pinnacle Advisory Group’s investment team offered their thoughts on the market, outlined upcoming investment trends and wealth preservation strategies, and explained our approach to risk management. Here’s what they covered: 0:00 – Ken Solow: Volatility and Risk 20:56 – Rick Vollaro: A Time of Gradual Transition 39:08 – Sauro Locatelli:…
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I have been a financial advisor for more than 30 years. During that time, I have worked with clients who have prepared their own taxes, those who work with CPAs I have never spoken to or worked with, and those who work with CPAs with whom I have a professional relationship. My preference is to…
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We recently wrote a blog post offering concrete steps to protect yourself from identity theft. (See “What to do about the Equifax Hack.”) But what about those in your care? How do you protect your minor children? While it’s unlikely that your children were affected by the Equifax breach, it’s possible that their identities have…
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I was at a funeral recently for a friend’s mother and sat next to a man who was the surviving spouse’s oldest friend. He was 85 years old, and had been friends with the husband for more than 70 years. He told me that his wife died about eight years ago, and after spending six…
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