Money in a jar with plant growing out signifying growing wealth

Fundamentals of Financial Planning

Financial Planning

This presentation is a great refresher for all investors, but it will be especially useful to those who are in the early stages of building a financial plan.

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To Skip or Not to Skip Your 2020 RMDs

Retirement Planning

The last few months have inundated us with programs and legislation designed to help us regain our financial stability. One of the attempts to help, the CARES Act, similar to what...

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HBKS Principal Dean Piccirillo Earns Master of Science in Financial Services from The American College of Financial Services

News & Awards

HBKS Wealth Advisors congratulates R. Dean Piccirillo, CFP, CRPS, AIFA, on earning his Master of Science in Financial Services (MSFS) from the Richard D. Irwin Graduate School at The American College...

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Roller Coaster at Sunset

It’s Been a Wild Ride

Market Commentary

Entering 2020, the economy was on solid footing. We were adding to a record 10-year economic growth cycle. Corporate profits and the markets continued to rise. But by March conditions had...

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Is Your Mind Ready to Retire?

Retirement Planning

There are many ways to plan retirement and most tend to focus on the financial aspects: how much money will I have, what will I be able to afford, is there...

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A Conversation on the Economy

Perspectives

Principal and Chief Investment Officer Brian Sommers, CFA and Chief Economist from First Trust Advisors, Brian Wesbury have a conversation on the economy.

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Evening sunset on sea with storm off shore

Perfect Storm Planning

Financial Planning

The pandemic has reiterated the strategic importance of advanced comprehensive planning. Many folks are aware of the need but are uncertain on how to start the process.

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Looking to De-clutter Your Life? Start with Your Investments

Financial Planning

Experts agree that the process of decluttering can help restore your sense of order, clear away items that trigger negative emotions, and ultimately reduce anxiety.

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Health Insurance and COBRA: Sometimes You Can Take It with You

Insurance

If you're like most Americans, you count on your employer for health insurance coverage. But what would happen to your health insurance if you suddenly stopped working or no longer qualified...

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Evaluating an Early Retirement Offer

Retirement Planning

In today's corporate environment, cost cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive...

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Millennial Money: The Largest Generation Needs Unbiased Advice

Financial Planning

As a younger advisor with numerous millennial clients, I find that our newly dubbed "largest generation" is in even greater need of financial advice.

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Federal Reserve’s Unprecedented Move Stabilized the Markets

Investment Management

The Fed has three main tools it uses to achieve its goals: adjusting the discount rates it charges on loans to banks and increasing or lowering bank reserve requirements are two....

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What Does Great Advisory Service Look Like to You?

Financial Planning

Many investment advisory firms say they do financial planning and follow a fiduciary standard to put your interests first. So what makes for a truly high-quality financial planning and investment advisory...

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Financing Your Home Improvement Project

Financial Planning

Many of us working from home these days, or not working at all, are using our time around the house to tackle those projects we’ve been putting off. Whether it's something...

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Umbrella Insurance Can Protect You Beyond the Limits of Your Auto and Homeowners Policies

Insurance

Imagine that you are driving in a rainstorm in Florida. You hit a patch of water and hydroplane into another car. The incident results in a collision involving several cars. The...

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What Drove April’s Unprecedented Negative Oil Price?

Investment Management

On April 20, the market price of West Texas Intermediate Crude (WTI) dropped to negative 40 dollars a barrel. More than remarkable, the fact that "sellers" of oil had to pay...

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Balance Portfolio Risk with a Fixed Index Annuity

Investment Management

An erratic stock market has caused many investors to question their risk tolerance as they look for ways to protect their portfolios. The challenge many of us face is balancing risk...

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Now is the Time to Reassess Financial Planning Priorities

Financial Planning

A real-life crisis can put a new perspective on things. The COVID-19 pandemic has caused many to reassess their financial planning priorities.

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Finding Fair Value

Market Commentary

In the current bear market, as in all bear markets, finding fair value is extremely difficult. The uncertainty over profits and a lack of corporate guidance lowers demand for stocks and...

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Guidance for Handling College Refunds and 529 Plan Contributions

Financial Planning

Some colleges have been issuing pro-rated refunds for tuition because of the COVID-19 pandemic.  Many of these refunds are associated with 529 plans. As such, some individuals and families who had...

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Getting and Keeping a Good Credit Score: It’s Critical!

Financial Planning

A good credit score is your doorway to life’s purchases—a home and car, of course, but also the credit you need to acquire most of things you buy on a daily...

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Recent Market Slides Create Opportunities for Long-Term Investors

Perspectives

The global response to the COVID-19 pandemic has caused an unprecedented shock to most economies in the world. Social distancing and business shutdowns, while necessary to curb the growth of new...

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Couple meeting with financial advisor

Robo Advisors Have Arrived, But Life Often Calls for a Human Touch

Financial Planning

After years of development, numerous robo advisors have entered the world of investment management. Still, many investors may not fully understand exactly what robos do, or how they do it.

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round table interview

A COVID-19 Roundtable Discussion: Advisors Address Client Concerns

Perspectives

An interview with HBKS Advisors Christopher N. Sorce, CFP, Principal and Senior Financial Advisor; Ryan Furtwangler, CFP, Principal and Senior Financial Advisor; and Gus Repetto, MST, CFP, Principal and Senior Financial...

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Watch: CARES Act Retirement Plan Provisions and Relief

Retirement Planning

What does the federal government's COVID-19 Response legislation mean to retirement plans? The recently passed Coronavirus Aid, Relief, and Economic Security Act or the CARES Act, contains relief and assistance for qualified...

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The Triple Threat

Financial Planning

An HSA allows you to pay for qualifying medical expenses with pre-tax funds. It is available to anyone insured by a high-deductible health plan (HDHP) that satisfies IRS requirements with respect...

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Watch: Helping Businesses Respond to COVID 19

Perspectives

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Retired couple

Retirement Income Strategies for Turbulent Times

Retirement Planning

One of the rewards of a successful long-term retirement plan is withdrawing annually at a "safe withdrawal" rate. In these unprecedented times, how should you adjust your retirement plan withdrawals?

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Watch: The Impact of COVID-19 on Global Economics and Markets

Market Commentary

A special webinar hosted by Brian Sommers, Chief Investment Officer at HBKS about the effects of COVID-19 on the markets.

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hands in - all together

A COVID-19 Roundtable Discussion: CPAs & Financial Advisors Working Together to Address Client Concerns

Perspectives

An interview with HBKS Advisor Matthew Costigan, CFP, CPA/PFS, Principal and Senior Financial Advisor, Pittsburgh; and HBK CPAs & Consultant’s Jeremy Hartzell, JD, MBA, Principal-in-Charge, Pittsburgh.

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Watch: Paycheck Protection Program, Loan Forgiveness, and SBA EIDL Changes: What You Need to Know

Perspectives

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Florida College Campus

Florida Prepaid and Scholarship Programs Lowering Costs of College

Financial Planning

If you have children in the Florida Prepaid College Plan and haven't checked those accounts lately, you should. You might be surprised. If you bought a Florida Prepaid in 2008 or...

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FAQs for Plan Sponsors Suffering from Coronavirus Related Business Disruptions

Retirement Planning

The Retirement Plan Services group answers your most pressing questions in this FAQ.

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Retirement Plan Provisions of the CARES Act

Retirement Planning

The CARES Act signed into law by the president March 27, 2020 provides several enhancements that give taxpayers and retirement plan participants the ability to access their plan assets for coronavirus-related...

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person jogging

Mental Endurance: How to Get Through COVID-19

Financial Planning

Being stuck at home during these uncertain times gives us both limitations and opportunities to do things that are out of the ordinary.  Since there is nothing ordinary about what we...

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Reducing or Eliminating Safe Harbor 401(k) Contributions

Retirement Planning

Can employers reduce or eliminate their safe harbor contribution?

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bear market

Bear Market Recoveries: Stay Invested

Perspectives

The effects of the COVID-19 crisis have been abrupt and wide ranging. As of March 23, the S&P 500 had declined nearly 30 percent from its highs just a few weeks...

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An abstract blue pattern with numbers

By The Numbers: A Statistical Look at Market Timing

Perspectives

Statistics tell us a lot about whether or not we should try to time the markets, in particular in periods of high volatility, like those we're seeing in conjunction with the...

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sun breaking through the clouds

The Next Right Thing

Perspectives

We have seen market downturns several times in history and what we have learned is the "next right thing" has been to stay calm. Now is not the time to make...

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small town

Small Community Supports Small Business Disrupted by COVID-19

Perspectives

The Fredonia, New York community has come together to support their neighbors and local small business owners.

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Sunset on pebbles on beach

Redefining Success in Turbulent Times

Perspectives

The current circumstances, variously labeled as a health pandemic, financial pandemic, health crisis, etc., have become a call for us to reevaluate how we support ourselves, get in service, and to...

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Rock Climbing

Continued Volatility, Market Bottoms and Climbing The Wall of Worry

Market Commentary

As an investor, understanding the psychology of the markets will be important as we continue through the volatility, look for a market bottom and ultimately climb out of the crisis.

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reviewing finances

COVID-19 Is Not Our Only Sinister Foe

Perspectives

In trying to stop the spread of the COVID-19 virus, we are waging a war with an invisible and unrelenting enemy: a microscopic pathogen. But that is not the only invisible...

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Planning for What’s to Come

Perspectives

In just a couple of months since the first reported case of COVID-19 in the U.S. life has changed dramatically for most of us. No one planned or prepared for a...

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Compass

Maintaining Our Disciplined Investment Process

Market Commentary

The HBKS investment philosophy prepares our clients' portfolios so they don’t have to be reactive to the current market conditions. Our clients’ portfolios are diversified across asset classes, maintain a global...

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The Families First Coronavirus Response Act: What You Need To Know

News & Awards

On March 18, 2020, the President signed into law the Emergency Families First Coronavirus Response Act (“Bill”), which provides relief related to the coronavirus to employers with fewer than 500. Here...

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Small Business Closed

SBA Loans for Businesses Suffering Due to COVID-19

Business Owners

The U.S. Small Business Administration (SBA) recently announced availability of low-interest disaster recovery loans for small businesses affected by the coronavirus.

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What’s Going on in the Bond Market?

Market Commentary

As business activity has slowed dramatically due to the COVID-19 pandemic, businesses have found it difficult to get the funding they need for their daily operations because banks stopped extending the...

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Breaking News: April 15 Tax Deadline Has Been Extended

News & Awards

Federal tax filing deadline has been extended to July 15th. Most states are expected to follow.

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Important Updates About Firm Operations During the COVID-19 Pandemic

Perspectives

Our CEO, Chris Allegretti, shares the latest information about how HBKS is responding to the Coronavirus.

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WWII US Soldiers

What Would Our Greatest Generation Do?

Market Commentary

While we can’t predict when or where the capital markets will find their bottom, history tells us that we will look back on this time as a great buying opportunity for...

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paper design

HBKS Wealth Advisors COVID-19 Preparedness Update

Perspectives

Our CEO, Chris Allegretti, shares important information about how HBKS is responding to the Coronavirus.

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The Market’s Epidemic

Market Commentary

No one expected an epidemic to trigger the next bear market—or cause an economic slowdown. But it is important to recognize that we have been here before. While the cause is...

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Woman Using Tablet

Women and Money: Taking Control of Your Finances

Financial Planning

As a woman, you have financial needs that are unique to your situation in life. Perhaps you would like to buy your first home. Maybe you need to start saving for...

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Market Volatility

Market Volatility Continues

Market Commentary

Over the last couple of weeks, volatility in global stock markets has spiked higher, with extreme up or down movements occurring on almost a daily basis. These swings in market prices...

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Seeking Financial Advice? Avoid Conflicts of Interest

Financial Planning

Several well-known insurance companies have begun tapping into the financial advisor space through their respective Insurer and Broker-Dealers (IBDs). At the same time, the Certified Financial Planner (CFP®) Board’s new code...

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Our Perspective on the Coronavirus Epidemic

Market Commentary

Global equities fell more than 4 percent over a three day period in late February 2020 before stabilizing. The selling was driven by concerns about the spread of the Coronavirus outside...

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Special Needs Boy with Teacher

Your Special-Needs Child: Planning for a Financially Secure Future

Financial Planning

Planning for the future of a special needs child goes beyond therapy appointments, Individualized Education Plans (IEPs) and medical assistance. programs. Parents of children with special needs should pay close attention...

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Grandparent-Owned 529 College Plans: The Key to Maximizing Financial Aid

Financial Planning

A 529 plan is one of the more popular college savings tools. Here are some ways grandparents can help.

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Retired couple walking on beach

Beware: Is IRMAA After Your Social Security Dollars?

Retirement Planning

In an attempt to keep Social Security funded, the IRS is implementing a provision called IRMAA or Income Related Monthly Adjustment. Essentially the intent is to generate funds from wealthier taxpayers,...

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Remarrying? Better Do Some Estate Planning

Estate Planning

More than half of people over 55 who lose a spouse to death or divorce are remarrying. But a word of warning — actually two words: estate planning. Whether you have...

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Inflation

Inflation: A Key Financial Planning Concern

Financial Planning

Inflation may be hardly noticeable, but over time, it can dramatically increase the cost of almost everything.

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Small Business Owner Couple

Selling Your Business? Consider a Two-Step Sale

Business Owners

Selling your business might be the most significant and impactful financial transaction of your life. You owe it to yourself to understand and consider all your options.

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SECURE Act: Plan Now to Protect Your Beneficiaries

Estate Planning

Congress has passed and the president signed into law a bill that will change not only how you save for retirement, but how you'll retrieve your savings. Among its provisions, the...

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Backdoor Roth IRA: A Savings Strategy for Higher Earners

Retirement Planning

A Roth IRA is attractive to many people because you contribute after-tax dollars and the earnings grow tax-free—when you withdraw funds in retirement you pay no income tax on your withdrawals....

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Senior woman talking with caregiver at long-term care facility

Is Long-Term Care Insurance a Necessity or Luxury?

Insurance

While long-term care insurance can lighten your cash outlay should you need extended care, not everyone can afford the expense. As financial planners, we help clients understand what insurances make sense,...

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Outlook for 2020: Global Economic Growth Expected to Strengthen

Market Commentary

2020 started with uncertainty in the markets and many may be tempted to make reactive changes to their portfolios. In this quarter's market commentary Chief Investment Officer, Brian Sommers, CFA,...

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Out with the Teens; In with the Twenties.

Financial Planning

HBKS Wealth principal Matt Costigan reflects on the last ten years and reminds us of the universal advice that past performance is no indication of future performance.

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Tax-Free Retirement Strategies for High Earners

Retirement Planning

There are only so many pre-tax avenues to retirement income. High earners who want to put more dollars aside must find alternatives beyond such traditional means as 401ks and IRAs.

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U.S. Capitol Building

Breaking News: SECURE Act

Financial Planning

The President signed into law on December 20 two spending packages that will fund the government through the rest of the fiscal year. Included in the spending packages were the Setting...

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2019 Year-End Tax Planning Update

Perspectives

With 2019 coming to a close, individuals and businesses may still benefit from several tax savings strategies. Our colleagues at HBK CPAs & Consultants share the many opportunities still available and...

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Senior Woman Reviewing Finances

Two Birds with One Stone: Saving as You’re Helping

Financial Planning

With the changes in the TCJA last year some charities saw a decrease in donations. But individuals taking their RMDs can take what is known as a Qualified Charitable Distribution (QCD)....

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Paper family cut in half with stethoscope and heart

Health Insurance and Divorce: How Will One Affect the Other?

Insurance

During marriage, it's common for one spouse to maintain health coverage for the entire family through his or her group health insurance plan at work. After a divorce, coverage for the...

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Family Matters

Estate Planning

No one wants to think about, much less talk about, parents being unable to care for themselves or dying. But avoiding the conversation can leave a family in chaos in a...

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Avoid Holiday Excess

Financial Planning

How do we compile so much over the years? One of the biggest culprits is holiday gift-giving. Think about where your time and money could be spent instead. Here are some...

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Man meeting with this financial advisor

Investing: It’s About More than Returns

Investment Management

While the private client industry has evolved significantly over the last two decades, traditional commission selling still exists, buying and selling investments for clients and charging a commission for each transaction....

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Multi Generational Family walking together in the fall

Life Insurance and Life: How Your Needs Change

Insurance

Your need for life insurance change as your life changes. When you're young, you typically have less need for life insurance, but that changes as you work and marry, your family...

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College students walking on campus. 529 savings plans

Tax Incentives and College Savings Plans

Financial Planning

It's that time of year again when Morningstar reviews and ranks college savings plans. Though they are not the only driver in selecting a plan, the study is well executed and...

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Gen X and Millennial workers retirement planning financial advisor Erie, PA

Listen Up Generation Xers and Millennials: You’ll Need to Work Longer, Save More and Spend Less to Retire Well

Retirement Planning

The good news is that life expectancies continue to increase. Healthier lifestyles and medical advances are keeping older people alive and active longer. But there's a challenge that comes with a...

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Pension Myths: Common Misconceptions About Pension Plans

Retirement Planning

To a great extent defined benefit plans, most of which are more commonly known as pension plans, have fallen out of favor. As of 2017, only 16 percent of Fortune 500...

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On Being Successful

Business Owners

An interview with Christopher N. Sorce, CFP&, Principal and Senior Financial Advisor, as we near the 20th anniversary of HBKS& Wealth Advisors.

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You’ve Decided to Sell Your Family Business. What’s Next?

Business Owners

Successful business owners know how to run their business, but typically, not how to sell their business. Selling a family business takes a great deal of forethought; even if you are...

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Emotional Investing: Five Ways to Ruin Your Portfolio

Financial Planning

Investors' emotions often overpower their ability to think and act rationally when they are under stress, whether they're excited about a market surge or panicking over a decline. It's called "emotional...

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Teacher reading to students in the library

Reducing College Expenses for Government and Nonprofit Workers

Financial Planning

There is an existing federal program designed to relieve some of the burden of student debt on those providing public service as part of their career. If you are a public...

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Modern Retirement: Potential Areas of Trouble

Insurance

Given the unique characteristics of every family, conducting a detailed retirement feasibility study is imperative as anyone nears retirement. While a detailed examination of personal financial circumstances is crucial, the...

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Recessions are a Normal Part of the Business Cycle

Market Commentary

After 10 years of substantial expansion, the global economy began to stall in the middle of 2018. Now more than a year later, global growth continues at a slower pace.

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Multi generational Family

Designating Your Life Insurance Beneficiaries

Estate Planning

Beneficiary planning is an integral part of estate planning, as life insurance, IRAs and annuities do not pass through a will but directly to the named beneficiaries. This type of planning,...

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Personal trainer helping senior

You Need a Personal Financial Trainer

Financial Planning

Paying for something that you can do yourself might bring about the question: "Do I really need this?". In today's world where you can "YouTube" just about anything, someone who is...

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Woman standing on Florida beach at sunrise

Why are 800 People a Day Moving to Florida?

Financial Planning

It's the big migration. Eight hundred people a day are moving into Florida. And not just for a beach vacation. They’re taking residence in the Sunshine State. Florida is attracting more...

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Cryptocurrencies

Should You Invest in Cryptocurrencies?

Investment Management

Because of volatility, extreme movements in terms of value, cryptocurrencies represent more risk than most investors want in their portfolios. But like many investment options, there are nuances that deserve examination.

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Leaving Your Business on Your Terms

Business Owners

There are many ways you as an owner can exit your business. It is important to understand your options and how to prepare yourself and your business for this inevitable event....

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Gains are a Good Thing. So Why Rebalance My Portfolio?

Investment Management

Determining a strategic asset allocation within a portfolio is arguably the most important aspect of managing your investments. However sticking with that allocation and consistently placing trades — buys and sells...

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Annuities and Retirement Planning

Retirement Planning

You may have heard that IRAs and employer-sponsored plans (e.g., 401(k)s) are the best ways to invest for retirement. That’s true for many people, but what if you’ve maxed out your...

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Emotional Biases. Check Them at the Door of Your Portfolio.

Financial Planning

Are you a Nervous Nelly or a Risky Ralph? Maybe a little of both? Neither character is particularly suited for making good investment decisions. Still, few of us can ignore their...

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Business Succession Planning – Buy-Sell Agreements

Business Owners

A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing...

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When You’re 65: Things to Consider When You’re Heading into Your Retirement

Retirement Planning

Most people who make it to 65 wonder how they got there so quickly. John Lennon said, "life is what happens when your busy making other plans." If you did most...

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Woman holding hand of ill relative

Revocable Living Trust

Estate Planning

A revocable living trust can be a useful and practical estate planning tool for certain individuals but not for everyone. This type of trust is as a way to maintain management of...

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Balancing Act - Walking over a gorge on a tightrope

Risk Tolerance: How Much Investment Risk Can You Take?

Investment Management

Investing is not supposed to give you ulcers. It should be your way of building wealth in order to help achieve your financial objectives. Still, it’s natural to get nervous about...

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new car lot

Your New Vehicle: Should You Buy or Lease?

Financial Planning

Buy or lease? It’s been a legitimate and puzzling question for prospective new car owners for more than a half century. There are good reasons to go either direction.

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Dad Helping daughters with homework, thinking about saving for retirement and college

Your Retirement, Your Children’s Education: Let’s Do the Math

Financial Planning

If you're a young couple with children, you’re tasked with at least two major savings initiatives: your retirement and your kids’ educations. Both require early and smart planning.

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Small Business Closed

SBA Loans for Businesses Suffering Due to COVID-19

Business Owners

The U.S. Small Business Administration (SBA) recently announced availability of low-interest disaster recovery loans for small businesses affected by the coronavirus.

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Small Business Owner Couple

Selling Your Business? Consider a Two-Step Sale

Business Owners

Selling your business might be the most significant and impactful financial transaction of your life. You owe it to yourself to understand and consider all your options.

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2019 Year-End Tax Planning Update

Perspectives

With 2019 coming to a close, individuals and businesses may still benefit from several tax savings strategies. Our colleagues at HBK CPAs & Consultants share the many opportunities still available and...

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On Being Successful

Business Owners

An interview with Christopher N. Sorce, CFP&, Principal and Senior Financial Advisor, as we near the 20th anniversary of HBKS& Wealth Advisors.

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You’ve Decided to Sell Your Family Business. What’s Next?

Business Owners

Successful business owners know how to run their business, but typically, not how to sell their business. Selling a family business takes a great deal of forethought; even if you are...

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Leaving Your Business on Your Terms

Business Owners

There are many ways you as an owner can exit your business. It is important to understand your options and how to prepare yourself and your business for this inevitable event....

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Business Succession Planning – Buy-Sell Agreements

Business Owners

A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing...

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Small Business Owner

Don’t Bank Your Retirement on Your Business

Business Owners

Investing in your own business makes sense; many businesses achieve significant growth each year. However, when you consider that many small businesses fold every year, it becomes clear that banking your...

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Retaining employees

You Can Attract and Retain Key Employees

Business Owners

If you have ever run a closely held business or worked with senior executives at a large corporation, you know key executives and employees are the lifeblood of an organization. Good...

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Small business owner putting out Open sign

Benefit Plans for Small Businesses

Business Owners

If you own a small business, you may be finding it increasingly necessary to implement a benefit program to attract and retain employees. For small businesses, benefit plans generally consist of...

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Thief and Social Security Card

Spoofers, Phishers Prey on Florida Senior Citizens

Cybersecurity

Scammers can be awfully clever — and especially convincing when they claim to be from the federal government. The latest "spoofing" scam has the caller posing as an official with the...

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Phishing

Phishing Scams are Everywhere: Be Prepared

Cybersecurity

Cyber security threats are everywhere in today’s high tech world, and simply having an email account puts you at risk from the largest and fastest growing threat known as phishing.

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Woman logging on to a secure website

A Proactive Approach to Cyber Security

Cybersecurity

Implementing strong cyber security polices, protecting yourself from unauthorized access to your personal and business data, is one of the most important precautions you can take in today’s digital world. Internet...

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Guy hiding money, crossing his fingers

A Sophisticated Con Almost Nails My Dad

Cybersecurity

My father is a retired military officer with three post-graduate degrees. After 35 years of service, he continued to serve his community by testifying as an expert in toxic contamination lawsuits....

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Person Hiding Under an Umbrella

Identity Protection Solutions

Cybersecurity

The Equifax data breaches have focused our nation’s attention on identity theft protection. Not that it hasn’t been in the news for more than a decade now, but such a large-scale...

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Remarrying? Better Do Some Estate Planning

Estate Planning

More than half of people over 55 who lose a spouse to death or divorce are remarrying. But a word of warning — actually two words: estate planning. Whether you have...

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SECURE Act: Plan Now to Protect Your Beneficiaries

Estate Planning

Congress has passed and the president signed into law a bill that will change not only how you save for retirement, but how you'll retrieve your savings. Among its provisions, the...

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Family Matters

Estate Planning

No one wants to think about, much less talk about, parents being unable to care for themselves or dying. But avoiding the conversation can leave a family in chaos in a...

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Multi generational Family

Designating Your Life Insurance Beneficiaries

Estate Planning

Beneficiary planning is an integral part of estate planning, as life insurance, IRAs and annuities do not pass through a will but directly to the named beneficiaries. This type of planning,...

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Business Succession Planning – Buy-Sell Agreements

Business Owners

A buy-sell agreement is a legally binding contract in which the owners of a business set forth the terms and conditions of a future sale or buy back of a departing...

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Woman holding hand of ill relative

Revocable Living Trust

Estate Planning

A revocable living trust can be a useful and practical estate planning tool for certain individuals but not for everyone. This type of trust is as a way to maintain management of...

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Estate and Protection Planning

Estate and Protection Planning: Don’t Fall Victim to These Common Pitfalls

Estate Planning

It's ironic that one of the most impactful — and costly — components of a well-executed financial plan pertains to benefits the owner will likely not live to enjoy. However, anyone...

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Open Hands Giving to Charity

Express Your Charitable Intent with Your IRA

Estate Planning

Many of our firm's clients opt to leave a portion of their estate to charitable organizations such as social service agencies, churches and educational institutions. In many cases, charitably inclined individuals...

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Estate planning documents

Inheriting Retirement Accounts: The Other IRAs

Estate Planning

Dealing with the passing of a family member or close friend is never easy. The emotions we feel and the ways we cope with loss can vary dramatically depending on our...

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Long and winding staircase

You’ve Been Named an Executor

Estate Planning

What does it mean to be assigned as executor or executrix of a will? Holding such a title means you are charged with settling the estate of the deceased. When a...

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Victorian House

Estate Planning: Covering Your Bases, Part 3

Estate Planning

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

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Side of a house and the roof

Estate Planning: Covering Your Bases, Part 2

Estate Planning

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

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Housing Plan

Estate Planning: Covering Your Bases, Part 1

Estate Planning

As critical as estate planning is, assuring your estate will be distributed as you wish is far from difficult or complicated. For most of us, estate planning boils down to executing...

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Couple reviewing bills and payments

Gifting and the Family Dynamic

Estate Planning

It is a good problem. You've done well enough in your business to amass a significant amount of wealth. Now you must decide how it will be distributed when you are...

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Money in a jar with plant growing out signifying growing wealth

Fundamentals of Financial Planning

Financial Planning

This presentation is a great refresher for all investors, but it will be especially useful to those who are in the early stages of building a financial plan.

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Evening sunset on sea with storm off shore

Perfect Storm Planning

Financial Planning

The pandemic has reiterated the strategic importance of advanced comprehensive planning. Many folks are aware of the need but are uncertain on how to start the process.

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Looking to De-clutter Your Life? Start with Your Investments

Financial Planning

Experts agree that the process of decluttering can help restore your sense of order, clear away items that trigger negative emotions, and ultimately reduce anxiety.

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Millennial Money: The Largest Generation Needs Unbiased Advice

Financial Planning

As a younger advisor with numerous millennial clients, I find that our newly dubbed "largest generation" is in even greater need of financial advice.

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What Does Great Advisory Service Look Like to You?

Financial Planning

Many investment advisory firms say they do financial planning and follow a fiduciary standard to put your interests first. So what makes for a truly high-quality financial planning and investment advisory...

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Financing Your Home Improvement Project

Financial Planning

Many of us working from home these days, or not working at all, are using our time around the house to tackle those projects we’ve been putting off. Whether it's something...

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Now is the Time to Reassess Financial Planning Priorities

Financial Planning

A real-life crisis can put a new perspective on things. The COVID-19 pandemic has caused many to reassess their financial planning priorities.

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Guidance for Handling College Refunds and 529 Plan Contributions

Financial Planning

Some colleges have been issuing pro-rated refunds for tuition because of the COVID-19 pandemic.  Many of these refunds are associated with 529 plans. As such, some individuals and families who had...

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Getting and Keeping a Good Credit Score: It’s Critical!

Financial Planning

A good credit score is your doorway to life’s purchases—a home and car, of course, but also the credit you need to acquire most of things you buy on a daily...

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Couple meeting with financial advisor

Robo Advisors Have Arrived, But Life Often Calls for a Human Touch

Financial Planning

After years of development, numerous robo advisors have entered the world of investment management. Still, many investors may not fully understand exactly what robos do, or how they do it.

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The Triple Threat

Financial Planning

An HSA allows you to pay for qualifying medical expenses with pre-tax funds. It is available to anyone insured by a high-deductible health plan (HDHP) that satisfies IRS requirements with respect...

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Florida College Campus

Florida Prepaid and Scholarship Programs Lowering Costs of College

Financial Planning

If you have children in the Florida Prepaid College Plan and haven't checked those accounts lately, you should. You might be surprised. If you bought a Florida Prepaid in 2008 or...

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person jogging

Mental Endurance: How to Get Through COVID-19

Financial Planning

Being stuck at home during these uncertain times gives us both limitations and opportunities to do things that are out of the ordinary.  Since there is nothing ordinary about what we...

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Woman Using Tablet

Women and Money: Taking Control of Your Finances

Financial Planning

As a woman, you have financial needs that are unique to your situation in life. Perhaps you would like to buy your first home. Maybe you need to start saving for...

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Seeking Financial Advice? Avoid Conflicts of Interest

Financial Planning

Several well-known insurance companies have begun tapping into the financial advisor space through their respective Insurer and Broker-Dealers (IBDs). At the same time, the Certified Financial Planner (CFP®) Board’s new code...

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Special Needs Boy with Teacher

Your Special-Needs Child: Planning for a Financially Secure Future

Financial Planning

Planning for the future of a special needs child goes beyond therapy appointments, Individualized Education Plans (IEPs) and medical assistance. programs. Parents of children with special needs should pay close attention...

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Grandparent-Owned 529 College Plans: The Key to Maximizing Financial Aid

Financial Planning

A 529 plan is one of the more popular college savings tools. Here are some ways grandparents can help.

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Inflation

Inflation: A Key Financial Planning Concern

Financial Planning

Inflation may be hardly noticeable, but over time, it can dramatically increase the cost of almost everything.

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Out with the Teens; In with the Twenties.

Financial Planning

HBKS Wealth principal Matt Costigan reflects on the last ten years and reminds us of the universal advice that past performance is no indication of future performance.

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U.S. Capitol Building

Breaking News: SECURE Act

Financial Planning

The President signed into law on December 20 two spending packages that will fund the government through the rest of the fiscal year. Included in the spending packages were the Setting...

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Senior Woman Reviewing Finances

Two Birds with One Stone: Saving as You’re Helping

Financial Planning

With the changes in the TCJA last year some charities saw a decrease in donations. But individuals taking their RMDs can take what is known as a Qualified Charitable Distribution (QCD)....

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Avoid Holiday Excess

Financial Planning

How do we compile so much over the years? One of the biggest culprits is holiday gift-giving. Think about where your time and money could be spent instead. Here are some...

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College students walking on campus. 529 savings plans

Tax Incentives and College Savings Plans

Financial Planning

It's that time of year again when Morningstar reviews and ranks college savings plans. Though they are not the only driver in selecting a plan, the study is well executed and...

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Emotional Investing: Five Ways to Ruin Your Portfolio

Financial Planning

Investors' emotions often overpower their ability to think and act rationally when they are under stress, whether they're excited about a market surge or panicking over a decline. It's called "emotional...

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Teacher reading to students in the library

Reducing College Expenses for Government and Nonprofit Workers

Financial Planning

There is an existing federal program designed to relieve some of the burden of student debt on those providing public service as part of their career. If you are a public...

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Personal trainer helping senior

You Need a Personal Financial Trainer

Financial Planning

Paying for something that you can do yourself might bring about the question: "Do I really need this?". In today's world where you can "YouTube" just about anything, someone who is...

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Woman standing on Florida beach at sunrise

Why are 800 People a Day Moving to Florida?

Financial Planning

It's the big migration. Eight hundred people a day are moving into Florida. And not just for a beach vacation. They’re taking residence in the Sunshine State. Florida is attracting more...

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Emotional Biases. Check Them at the Door of Your Portfolio.

Financial Planning

Are you a Nervous Nelly or a Risky Ralph? Maybe a little of both? Neither character is particularly suited for making good investment decisions. Still, few of us can ignore their...

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new car lot

Your New Vehicle: Should You Buy or Lease?

Financial Planning

Buy or lease? It’s been a legitimate and puzzling question for prospective new car owners for more than a half century. There are good reasons to go either direction.

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Dad Helping daughters with homework, thinking about saving for retirement and college

Your Retirement, Your Children’s Education: Let’s Do the Math

Financial Planning

If you're a young couple with children, you’re tasked with at least two major savings initiatives: your retirement and your kids’ educations. Both require early and smart planning.

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University or College Campus

SAGE: Tuition Discounts for PA 529 Participants

Financial Planning

If you are saving for a child's education, you might be using a 529 College Savings Plan. You might not be aware of one aspect of the Pennsylvania version of the...

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Widowed? Divorced? Social Security Benefits Await You

Financial Planning

The Social Security Act was voted into law in 1935. Over the years, it has been amended frequently and today's law includes many provisions with which many Americans are unfamiliar. One...

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Grandson walk and talking with Grandad

Your Financial Plan: Doing What’s Right for You

Financial Planning

It doesn’t matter if you have $10,000 or $10 million. It doesn’t matter if you’ve just graduated from college or you’re getting ready to retire. A comprehensive and regularly updated financial...

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Kids learning in school

Saving for Retirement and a Child’s Education at the Same Time

Financial Planning

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for...

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Old Victorian Style Home

Reverse Mortgages: Convert Your Home into Income

Financial Planning

An FHA-insured reverse or conversion mortgage works by allowing homeowners age 62 and older to borrow on their home’s equity without having to make monthly mortgage payments. As the borrower, you...

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Retirement Savings Jar and Time Clock

Retirement Help for Age-Gap Couples You Might Not Know About

Financial Planning

Making decisions about your retirement can be involved – and even more complex when there is a substantial age gap between you and your spouse. Substantially different retirement dates complicate such...

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University Campus

You Can Donate a 529 – But It’s a Bit Tricky

Financial Planning

So years ago you set aside money in a 529 plan to help pay for a child's education. A smart move – not to mention commendable. But now he or she...

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Students Drawing in a Library

Saving for College? Consider a 529 Plan

Financial Planning

It’s a major American crisis: student debt. Too many students are finishing their education with a mountain of debt that can take years, even decades to pay off. Fortunately, Uncle Sam...

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Having an Open Heart and Giving to Charity

New Tax Law Challenges Charitable Givers

Financial Planning

Despite the TCJA's restrictions on the deductibility of charitable contributions, there are many tax-wise opportunities to take care of the institutions you want to help.

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Checking your credit

Good Credit: Your Most Important Financial Asset

Financial Planning

It's no stretch to say that establishing good credit is the most important thing you can do in your early financial life. Credit scores play a huge role — now and...

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Professional Art Gallery

Collectibles Could Diversify Your Portfolio as They Bring You Joy

Financial Planning

Do collectibles belong in your investment portfolio? Investing in something you are passionate about can be as emotionally satisfying as portfolio diversifying. Who would argue the gratification associated with running through...

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Man Paying Bills on Computer

Debt Snowball

Financial Planning

It's not an uncommon dilemma. You’re looking at a mountain of debt and don't see how you're ever going to pay it off. Well, there are a couple of approaches that...

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Woman Removing her Wedding Ring for her Divorce

Getting divorced? Engage a Financial Advisor.

Financial Planning

Couples facing divorce typically seek out separate attorneys. Why then wouldn't they seek out separate financial advisors? Seeking advice from a separate financial advisor as early as possible in the...

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Child Allocating Money into Different Categories

Teach Your Child About Money

Financial Planning

Children may not always understand where money comes from, but they realize at a young age that they can use it to buy things they want. So as soon as your...

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Generational family

The Sandwich Generation

Financial Planning

There are enough of us to call the phenomenon a generation. We are the Sandwich Generation, members of a growing group of people functioning as "caregivers" for both their parents and...

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Young female professional

Personal Finances Key as Millennials Take on Adulthood

Financial Planning

Millennials, people born between 1981 and 1997, now form the nation's largest demographic. They are also facing some of the most difficult financial challenges of recent generations, including a fast-paced, competitive...

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Couple planning finances

Financial Communication

Financial Planning

The Key to a Couple's Long-Term Financial Well-Being Whether you are a newly committed couple or married for 50-plus years, you know the key to making a lifelong partnership work is communication....

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Family sitting in their front yard

Life Insurance: Why Not Invest the Premiums for a Better Return?

Financial Planning

Life insurance is a necessity. Like paying your electric bill or water bill. It should be considered prior to investing as it guards against the one certainty in life: death.

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Timer sitting on laptop computer

Don’t Try to Time the Market

Financial Planning

I noticed a recent headline in Financial Advisor Magazine that reminded me of a basic investing truth that I have observed throughout my 30-year career: It's virtually impossible to time the...

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Woman sitting at her computer doing her budget

Pay Yourself First

Financial Planning

Pay yourself first. It means regularly setting aside part of your earnings, putting some of your income into savings, and it has long been one of the surest ways to build...

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Bull and Bear figures in shadow

Three Ways to Build Wealth in a Down Market

Financial Planning

Over the past few months, every time I turn on the TV it seems the stock market is in the red for the day. A lot has been written about how...

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husband and wife making money decisions

Money Matters are a Family Affair

Financial Planning

A recent study performed by UBS1 revealed that 56 percent of married women leave household investment decisions to their husbands. A surprising 61 percent of younger or "millennial" wives admit to...

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Teen Checking her Piggy Bank for Savings

Saving Builds a Foundation

Financial Planning

The first step in investing is to create a strong financial foundation.

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Documents Search

Step 2: Getting Essential Documents in Place

Financial Planning

Not having your basic estate planning documents in place can easily derail all your good investment planning in very short order, as can having too little property and casualty coverage, or...

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Tax forms and calculator tapes

IRS increases IRA limits for 2019

Financial Planning

For the first time since 2013, the IRS is increasing the annual limit for IRA contributions.

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Teacher showing students technology

Debt Forgiveness for Teachers

Financial Planning

If you are a teacher and still paying off a federal student loan there are a couple of loan forgiveness programs you should be aware of that could serve to reduce...

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Fiduciary

The Responsible Advisor

Financial Planning

In 2016 the Department of Labor (DOL) adopted new standards designed to expand ERISA fiduciary obligations to all financial advisors who work with clients in connection with any retirement-related account. They...

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Student Raising his Hand with a Question

Back to School Season Reminds Us…

Financial Planning

Having spent several years as a high school economics teacher and being the son of two educators, I know first hand that "back to school" season can bring about a variety...

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Signing Divorce Paperwork

Not All Assets Are Created Equally

Financial Planning

By definition, the terms equal and equitable mean different things, particularly so during divorce negotiations.Consider assets such as the marital home, vacation residences and rental properties. What is their true value?...

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Football Defensive line

Defense Wins Championships

Financial Planning

"Defense wins championships" is a common phrase used in the sports world. While high-powered offenses are "flashy" and can certainly carry teams to success, oftentimes the teams with the most...

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Saving Coins in a Jar

Pay Down or Save Up?

Financial Planning

You have extra cash. Should you use it to pay down debt or build up your retirement savings?

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Mom and daughter

Women and Finance: Even When There’s Too Much Else to Do

Financial Planning

In many families, one individual is typically the financial manager, that is, the person who makes sure the bills are paid, savings and retirement plans are funded, who meets with the...

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Diverging road splitting into two

Saving for Retirement or College: Pick One

Financial Planning

Good for you if you’re able to put enough money aside to cover your retirement and your kids’ college educations. But if not, remember the flight attendant’s advice before take-off: put...

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Physician thinking about how to plan his finances and loans

Residency and Your Finances

Financial Planning

The first years of practice after completing medical school can be wrought with financial peril and stress. Newly christened physicians who have borrowed money to attend medical school emerge with huge...

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Physician thinking about how to plan his finances and loans

Financial Planning Focus: Physicians – Part 2

Financial Planning

Most doctors don’t start earning a living wage until their 30s. Four years of undergrad, four years of medical school, three-to-five years of residency – that’s more than a decade of...

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Physician thinking about how to plan her finances and loans

Financial Planning Focus: Physicians – Part 3

Financial Planning

You’ve set your financial foundation during the first five years after residency. Now that your loans are paid off, you are saving adequately for retirement and you are properly insured, you...

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Business Partners Shaking Hands

Come Partner with Me NOW

Financial Planning

This one’s for you, Mr. and Mrs. Early Thirties – you who are ascending the corporate ladder, or leaving the corporate life to pursue your entrepreneurial dreams, or deep into your...

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Couple organizing finances

Getting Organized

Financial Planning

Most consumers are under-informed about the need for financial planning. The industry is partly to blame. Big banks and wire-houses would have you believe opening up an online account or visiting...

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Recent Medical School Grad, thinking about how to pay off student loans

Financial Planning Focus: Physicians – Part 1

Financial Planning

Doctors face more financial challenges than one might think. To start, most do not start earning a living wage until their 30s. Four years of undergrad, four years of medical school,...

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Person Reviewing Financial Graphs

Financial Planning: Embrace the Target

Financial Planning

As a lifelong Chicago Cubs fan, 2016 is a year that I will remember forever. Last year’s title run started with a speech by Joe Maddon, the team’s manager, on the...

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Couple going over finances and planning for the future

Strategies for Managing Family Wealth

Financial Planning

Wealth complicates matters. Wealthy families have not only more varied investments, but a wider range of goals, and maybe most importantly, greater exposure to financial risk. So financial advice to wealthy...

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bear and bull on the stock market

Financial Planning vs. Investment Management

Financial Planning

As election night 2016 came to its surprising end, investors were understandably confused. Some panicked using the earliest foreign exchanges to open to dump stocks. Prognosticators had predicted a precipitous fall...

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two men negotiating a business decision

Using the Tax Return to Increase Income

Financial Planning

As a financial advisor, I find the tax return one of the most revealing and useful tools for helping my clients. It will always be among one of the first items...

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Woman in a business meeting

Your 30s: Successfully Spreading Yourself Out

Financial Planning

It has been said that 30 is the new 20 as young people today are delaying adulthood by not checking off the traditional “adult” mile-markers: getting married, having children, buying a...

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concerned man looking out the window

Planning Concerns of Divorcing Couples

Financial Planning

With some preparation and planning, you can take charge of your financial well-being during the difficult divorce process.

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Couple meeting with a financial advisor

Independence, Expertise and Service: Keys to Serving the Discerning Investor

Financial Planning

Industry studies reveal a growing preference by discerning investors for fee-based advisors over commission-based brokers. For more than a decade, firms operating under the independent registered investment advisory (RIA) model have...

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Man playing dominos

Moral Hazard

Financial Planning

The term “moral hazard” dates back to the 17th century and was widely used by insurance companies. The term was more recently used when economist Paul Krugman described moral hazard as...

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Person walking through the ocean

Will I Be Okay?

Financial Planning

The goals for saving and investing are many and varied: a comfortable retirement, educating children or grandchildren, passing wealth along to a next generation, all the above and others. Investors might...

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Health Insurance and COBRA: Sometimes You Can Take It with You

Insurance

If you're like most Americans, you count on your employer for health insurance coverage. But what would happen to your health insurance if you suddenly stopped working or no longer qualified...

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Umbrella Insurance Can Protect You Beyond the Limits of Your Auto and Homeowners Policies

Insurance

Imagine that you are driving in a rainstorm in Florida. You hit a patch of water and hydroplane into another car. The incident results in a collision involving several cars. The...

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Seeking Financial Advice? Avoid Conflicts of Interest

Financial Planning

Several well-known insurance companies have begun tapping into the financial advisor space through their respective Insurer and Broker-Dealers (IBDs). At the same time, the Certified Financial Planner (CFP®) Board’s new code...

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Senior woman talking with caregiver at long-term care facility

Is Long-Term Care Insurance a Necessity or Luxury?

Insurance

While long-term care insurance can lighten your cash outlay should you need extended care, not everyone can afford the expense. As financial planners, we help clients understand what insurances make sense,...

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Paper family cut in half with stethoscope and heart

Health Insurance and Divorce: How Will One Affect the Other?

Insurance

During marriage, it's common for one spouse to maintain health coverage for the entire family through his or her group health insurance plan at work. After a divorce, coverage for the...

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Multi Generational Family walking together in the fall

Life Insurance and Life: How Your Needs Change

Insurance

Your need for life insurance change as your life changes. When you're young, you typically have less need for life insurance, but that changes as you work and marry, your family...

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Modern Retirement: Potential Areas of Trouble

Insurance

Given the unique characteristics of every family, conducting a detailed retirement feasibility study is imperative as anyone nears retirement. While a detailed examination of personal financial circumstances is crucial, the...

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Multi generational Family

Designating Your Life Insurance Beneficiaries

Estate Planning

Beneficiary planning is an integral part of estate planning, as life insurance, IRAs and annuities do not pass through a will but directly to the named beneficiaries. This type of planning,...

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Senior couple with man in wheelchair

Let’s Talk About the Future

Insurance

Thanks to medical science, what we’ve learned about taking care of ourselves, and perhaps old-fashioned evolution, people are living longer. It has spawned an entirely new concern for us humans: how...

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Retired Couple Sitting on a Bench

Everything You Wanted to Know About Medicare… But Maybe Didn’t Know to Ask

Insurance

If you are about to turn 65, your healthcare coverage — at least your primary coverage — will be provided by the U.S. government through a plan called Medicare. The following...

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Do you need travel insurance

Do You Need Travel Insurance?

Insurance

Soon you'll be on your way, taking that trip you've looked forward to for ages--but suppose something happens. If you get sick, lose your suitcase, or have to cut your trip...

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Couple Reviewing Finances with their Advisor

Should You Keep Paying Your Life Insurance Premiums?

Insurance

Buying a life insurance policy is often a one-and-done transaction. That is, unlike the counsel of your financial advisor who works with you on an ongoing basis, buying life insurance from...

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Life Insurance

Cash Value Life Insurance

Insurance

Cash value, or permanent, life insurance is life insurance that is designed to be kept until your death — whenever that may be. What are the benefits of this type of...

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Estate and Protection Planning

Estate and Protection Planning: Don’t Fall Victim to These Common Pitfalls

Estate Planning

It's ironic that one of the most impactful — and costly — components of a well-executed financial plan pertains to benefits the owner will likely not live to enjoy. However, anyone...

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Retaining employees

You Can Attract and Retain Key Employees

Business Owners

If you have ever run a closely held business or worked with senior executives at a large corporation, you know key executives and employees are the lifeblood of an organization. Good...

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Protect loved ones with disability insurance

Guard What You Have and Those You Love: Disability Insurance

Insurance

Business owners and their employees meticulously plan for retirement because they consider it an achievement, but some fail to plan for death or disability. Although it can be uncomfortable to think...

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Family sitting in their front yard

Life Insurance: Why Not Invest the Premiums for a Better Return?

Financial Planning

Life insurance is a necessity. Like paying your electric bill or water bill. It should be considered prior to investing as it guards against the one certainty in life: death.

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Small business owner putting out Open sign

Benefit Plans for Small Businesses

Business Owners

If you own a small business, you may be finding it increasingly necessary to implement a benefit program to attract and retain employees. For small businesses, benefit plans generally consist of...

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Elderly Couple Sitting on a Bench

Long-Term Care Insurance

Insurance

Long-term care is a pressing concern for many families. And perplexing. It’s hard to know what to do about it or even find out what your options are. Even when you...

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Woman standing by the ocean

Long-Term Care Insurance: When and What is Right?

Insurance

As a product, long-term care insurance has suffered growing pains. When it was first developed — with no experience on which to base premium rates — insurers’ actuaries had little to...

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Elderly man worried about whether he has good insurance coverage

Insurance Company Insolvency: Are You Protected?

Insurance

In March 2016, a large national insurance company, Genworth Financial, announced it would stop accepting applications for traditional life insurance and some annuity products. While Genworth's management assures holders of their...

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Businessmen walking in the rain

Insurance Series: Insurance as a Part of Your Financial Plan

Insurance

When it comes to achieving your financial objectives, both growing your wealth and protecting it, you benefit from counsel that understands your entire financial condition - your needs, the needs of...

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Federal Reserve’s Unprecedented Move Stabilized the Markets

Investment Management

The Fed has three main tools it uses to achieve its goals: adjusting the discount rates it charges on loans to banks and increasing or lowering bank reserve requirements are two....

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What Drove April’s Unprecedented Negative Oil Price?

Investment Management

On April 20, the market price of West Texas Intermediate Crude (WTI) dropped to negative 40 dollars a barrel. More than remarkable, the fact that "sellers" of oil had to pay...

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Balance Portfolio Risk with a Fixed Index Annuity

Investment Management

An erratic stock market has caused many investors to question their risk tolerance as they look for ways to protect their portfolios. The challenge many of us face is balancing risk...

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Man meeting with this financial advisor

Investing: It’s About More than Returns

Investment Management

While the private client industry has evolved significantly over the last two decades, traditional commission selling still exists, buying and selling investments for clients and charging a commission for each transaction....

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Cryptocurrencies

Should You Invest in Cryptocurrencies?

Investment Management

Because of volatility, extreme movements in terms of value, cryptocurrencies represent more risk than most investors want in their portfolios. But like many investment options, there are nuances that deserve examination.

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Gains are a Good Thing. So Why Rebalance My Portfolio?

Investment Management

Determining a strategic asset allocation within a portfolio is arguably the most important aspect of managing your investments. However sticking with that allocation and consistently placing trades — buys and sells...

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Balancing Act - Walking over a gorge on a tightrope

Risk Tolerance: How Much Investment Risk Can You Take?

Investment Management

Investing is not supposed to give you ulcers. It should be your way of building wealth in order to help achieve your financial objectives. Still, it’s natural to get nervous about...

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Glass Globe with Diversification Charts

The Benefits of a Globally Diversified Portfolio Approach

Investment Management

HBKS believes that a globally diversified portfolio that utilizes alternatives provides for the highest probability of success in meeting our clients' investment goals.

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Advisors Reviewing Graphs and Charts for Financial Planning

Behavioral Insights

Investment Management

Research — and there’s plenty of it — suggests a gap between what investors want from a financial advisor and what a financial advisor should provide. Both sides want the same...

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Hedge Fund Definition

Hedge Funds

Investment Management

In terms of most investments, hedge funds are a relatively new idea. Still they've been around for almost 70 years and have proven a viable option for investors looking to diversify...

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Bull and Bear figures in shadow

Three Ways to Build Wealth in a Down Market

Financial Planning

Over the past few months, every time I turn on the TV it seems the stock market is in the red for the day. A lot has been written about how...

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Group of people trying to cross a busy street

The Beat Goes On

Investment Management

Global stock markets continued their upward trend in the third quarter of 2017 thanks to a near-perfect environment for risk assets. Stocks in foreign developed and emerging markets also outperformed domestic...

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Business people shaking hands

The Power of Independence

Investment Management

In September 2016 Wells Fargo, one of the nation's largest banks, was fined $185 million by the Consumer Financial Protection Bureau for covertly opening millions of unauthorized deposit and credit card...

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Businessman thinking about the future

Active Funds or Passive Funds?

Investment Management

When investing, investors can choose either passively managed funds or actively managed funds. Passively managed funds invest in a portfolio that simply mirrors a market index. In contrast, actively managed funds...

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Adding water to a coffee pot

Slow and Steady Wins the Race

Investment Management

At the time of this writing the DOW has officially surpassed the 20,000 mark. Should we sit back and enjoy this historical landmark or is it a cause for anxiety? Should...

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bear and bull on the stock market

Financial Planning vs. Investment Management

Financial Planning

As election night 2016 came to its surprising end, investors were understandably confused. Some panicked using the earliest foreign exchanges to open to dump stocks. Prognosticators had predicted a precipitous fall...

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Roller Coaster at Sunset

It’s Been a Wild Ride

Market Commentary

Entering 2020, the economy was on solid footing. We were adding to a record 10-year economic growth cycle. Corporate profits and the markets continued to rise. But by March conditions had...

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Finding Fair Value

Market Commentary

In the current bear market, as in all bear markets, finding fair value is extremely difficult. The uncertainty over profits and a lack of corporate guidance lowers demand for stocks and...

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Watch: The Impact of COVID-19 on Global Economics and Markets

Market Commentary

A special webinar hosted by Brian Sommers, Chief Investment Officer at HBKS about the effects of COVID-19 on the markets.

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Rock Climbing

Continued Volatility, Market Bottoms and Climbing The Wall of Worry

Market Commentary

As an investor, understanding the psychology of the markets will be important as we continue through the volatility, look for a market bottom and ultimately climb out of the crisis.

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Compass

Maintaining Our Disciplined Investment Process

Market Commentary

The HBKS investment philosophy prepares our clients' portfolios so they don’t have to be reactive to the current market conditions. Our clients’ portfolios are diversified across asset classes, maintain a global...

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What’s Going on in the Bond Market?

Market Commentary

As business activity has slowed dramatically due to the COVID-19 pandemic, businesses have found it difficult to get the funding they need for their daily operations because banks stopped extending the...

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WWII US Soldiers

What Would Our Greatest Generation Do?

Market Commentary

While we can’t predict when or where the capital markets will find their bottom, history tells us that we will look back on this time as a great buying opportunity for...

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The Market’s Epidemic

Market Commentary

No one expected an epidemic to trigger the next bear market—or cause an economic slowdown. But it is important to recognize that we have been here before. While the cause is...

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Market Volatility

Market Volatility Continues

Market Commentary

Over the last couple of weeks, volatility in global stock markets has spiked higher, with extreme up or down movements occurring on almost a daily basis. These swings in market prices...

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Our Perspective on the Coronavirus Epidemic

Market Commentary

Global equities fell more than 4 percent over a three day period in late February 2020 before stabilizing. The selling was driven by concerns about the spread of the Coronavirus outside...

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Outlook for 2020: Global Economic Growth Expected to Strengthen

Market Commentary

2020 started with uncertainty in the markets and many may be tempted to make reactive changes to their portfolios. In this quarter's market commentary Chief Investment Officer, Brian Sommers, CFA,...

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Recessions are a Normal Part of the Business Cycle

Market Commentary

After 10 years of substantial expansion, the global economy began to stall in the middle of 2018. Now more than a year later, global growth continues at a slower pace.

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Balancing Rocks

Fears of an Impending Recession Are Overblown

Market Commentary

Global stock markets surged higher in June, pushing the All-Country World Index (ACWI) up 16.2 percent for the first half of 2019. This performance occurred as global economic growth continued to...

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Financial Graph

Outlook for Economic Growth Brightens

Market Commentary

For most of the first quarter of 2019, many economists were pessimistic about the prospects for global economic growth the rest of the year. Concern was mounting that global growth would...

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Stock Chart

Thoughts on the Vanguard Market Call

Market Commentary

Global investment powerhouse Vanguard sharply cut the expected returns for U.S. stocks in the next decade. If the forecast proves to be accurate, the implications could be significant for retirement-plan sponsors,...

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Digital Pathways

Welcome to the Fourth Industrial Revolution

Market Commentary

To say we are living through a period of unprecedented change in innovation and technology is an understatement. The rapid convergence and development of technological advancement is being driven by three...

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Timer sitting on laptop computer

Don’t Try to Time the Market

Financial Planning

I noticed a recent headline in Financial Advisor Magazine that reminded me of a basic investing truth that I have observed throughout my 30-year career: It's virtually impossible to time the...

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Timing the market

Time In vs. Timing

Market Commentary

When the market goes up, we want in; when it goes down, we want out. It's called behavioral bias, or in the case of the markets, behavioral finance. More specifically, it...

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TurningOverto

HBKS 2019 Market and Economic Outlook

Market Commentary

Stock Market Volatility Likely to Continue in 2019, but a Recession is Unlikely

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Stock market volatility with ticker

Investors Should Remain Focused on Their Long-Term Investment Plan During Stock Market Turmoil

Market Commentary

The correction in global stock markets that began this past September accelerated this week, putting most major stock indices into negative territory for the year. In the United States, the S&P...

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Stock Market Trends

Market Capitulation and Chasing Returns: Where Investors Go Wrong

Market Commentary

As financial advisors, we are frequently asked to justify one investment over another that is earning a higher return at that particular time. There are a lot of answers to such...

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a vote pin and an American flag

Economic Fundamentals Drive Markets More Than Mid-Term Elections

Market Commentary

Equity markets faltered substantially in October as investors wrestled with many concerns. In addition to an ongoing trade war with China and the U.S. Federal Reserve's rate hikes, investors wondered how...

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Stock market volatility

The Recent Volatility in Stock Markets Could Indicate That Stock Market Leadership is Shifting

Market Commentary

After reaching new highs in September of this year, stock markets in the United States and abroad have been falling. Stock prices deteriorated more rapidly on Wednesday and Thursday before stabilizing...

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IndiciesImage

Keeping Up with the Indices

Market Commentary

How do you judge the performance of your investments? Many investors like to compare the movement in their portfolios with the S&P 500 or the Dow. Some people feel like they...

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Bull and Bear

Commentary on the U.S. Economy, Q2: Resist the Urge to React to Hypothetical Rhetoric

Market Commentary

Global stock markets remained volatile in the second quarter despite solid corporate profits, as investors began to focus on slower growth in many parts of the world.

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Trade Chart

Trade Tensions Spook Investors

Market Commentary

Stock markets tumbled late last week, with most market observers attributing it to President Trump’s announcements of a number of tariffs on goods imported into the United States. News headlines quoted...

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Worried Financial Advisor

Investor Anxiety Returns to Roil Stock Markets

Market Commentary

On Monday the MSCI All Country World Index (ACWI), a measure of global stock markets, was down 3 percent, after dropping 3.4 percent last week. Last night and early Tuesday morning...

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Womanputtinghercredit cardinformationinthecomputer

Market Risks are Growing

Market Commentary

Global stock markets turned in another solid performance in 2017, driven by continued improvement in economic growth. In the United States, the S&P 500 Index was up 21.8 percent, including dividends....

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People going over graphs

Global Stock Markets Continue to Climb in Second Quarter 2017

Market Commentary

During the past nine years many central banks around the world have been supplying monetary stimulus in order to lift global economic growth. These expansionary policies have enabled...

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HBKS Wealth Advisors Named a Top RIA by Financial Advisor Magazine

Market Commentary

HBKS® Wealth Advisors’ ranked 100 in the $1 billion and over asset category.

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Man Playing Jenga

Uncertain Political Environment Weighing on Global Stocks

Market Commentary

Stocks continued to surge for most of the first quarter of 2017 before treading water in March. While there is no shortage of political uncertainty around the world, during the first...

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HBKS Principal Dean Piccirillo Earns Master of Science in Financial Services from The American College of Financial Services

News & Awards

HBKS Wealth Advisors congratulates R. Dean Piccirillo, CFP, CRPS, AIFA, on earning his Master of Science in Financial Services (MSFS) from the Richard D. Irwin Graduate School at The American College...

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The Families First Coronavirus Response Act: What You Need To Know

News & Awards

On March 18, 2020, the President signed into law the Emergency Families First Coronavirus Response Act (“Bill”), which provides relief related to the coronavirus to employers with fewer than 500. Here...

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Breaking News: April 15 Tax Deadline Has Been Extended

News & Awards

Federal tax filing deadline has been extended to July 15th. Most states are expected to follow.

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HBKS Again Among Elite FT300 Firms

News & Awards

July 2, 2019 – For the sixth consecutive year, HBKS® Wealth Advisors (HBKS) has been named to the Financial Times’ “FT 300 Top Registered Investment Advisers.” The competition, which is also...

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HBKS® Wealth Advisors Ranked Among Largest by Accounting Today

News & Awards

June 6, 2019 — Erie, Pennsylvania. In its recently released 2019 survey, the May 2019 edition of Accounting Today magazine ranks HBKS® 9th in amount of assets under management (AUM) among...

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Floral shop owners discussing budgets

2018 Year-End Tax Update

News & Awards

The Tax Cuts and Jobs Act of 2018 substantially and significantly changes how you will plan for and pay your taxes this year. To help you get ready to file your...

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Happy Holidays from HBKS Wealth Advisors

News & Awards

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Taylor, Mallette and Taranto Earn Principal Status

News & Awards

HBKS® Wealth Advisors (HBKS®) announced today that Brittany Taylor, Brian Mallette and Tom Taranto have been named Principals in their respective offices. The announcement was made by CEO and Managing Principal...

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HBKS® Wealth Advisors Among Top 100 in Assets Under Management

News & Awards

July 18, 2018 – HBKS® Wealth Advisors (HBKS®) is one of the nation’s top 100 registered investment advisors (RIAs) as measured by assets under management. With more than $3.5 billion under...

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HBKS Named to 2018 Financial Times 300 Top Registered Investment Advisers

News & Awards

June 28, 2018 – HBKS® Wealth Advisors (HBKS) is pleased to announce it has been named to the 2018 edition of the Financial Times 300 Top Registered Investment Advisers. The list...

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HBKS Wealth Advisors Ranked Among Largest by Accounting Today

News & Awards

June 10, 2018 — In its recently released 2018 survey, the June 10,2018 edition of Accounting Today magazine ranks HBKS® 11th in amount of assets under management (AUM) among CPA firm's...

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HBKS Wealth Advisors acquires stake in K·Coe Wealth Management LLC.

News & Awards

April 26, 2018 — HBKS® Wealth Advisors(HBKS) acquires a minority stake in K·Coe Isom LLP’s subsidiary K·Coe Wealth Management LLC. “Our firms have a great deal in common, from our regard for...

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Locust Capital Management Merges with HBKS Wealth Advisors

News & Awards

Philadelphia - October 9, 2017 — HBKS® Wealth Advisors(HBKS) announced today it has completed a merger agreement with Locust Capital Management. Under the agreement, the Philadelphia-based wealth management firm will operate...

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HBKS Wealth Advisors Named a Top 300 RIA by Financial Times

News & Awards

Financial Times included HBKS® Wealth Advisors in its fourth annual listing of an “elite group” of advisors.

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Financial Times Ranks HBKS Among Top U.S. RIAs

News & Awards

June 22, 2017 — For the fourth consecutive year, HBKS® Wealth Advisors(HBKS) has been named to the Financial Times 300 Top Registered Investment Advisors (RIA).

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HBKS Wealth Advisors Ranked Among Largest by Accounting Today

News & Awards

August 18, 2017 — Erie, Penn.... In its recently released 2017 survey, the June 1,2017 edition of Accounting Today magazine ranks HBKS 15th in amount of assets under management (AUM) among...

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HBKS Wealth Advisors’ Managing Principal/Chief Executive Officer Christopher M. Allegretti & Chief Operations Officer Scott Cross were recently interviewed by Charles Schwab

News & Awards

HBKS® Wealth Advisors’ Managing Principal/Chief Executive Officer Christopher M. Allegretti and Chief Operations Officer Scott Cross were recently interviewed by Charles Schwab as contributors to their white paper entitled Forward Momentum:...

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HBKS Wealth Advisors Named a 100 Fastest Growing RIA Firm Over Ten Years by Forbes Magazine

News & Awards

Forbes magazine showcases the wealth management firms by growth in assets over the past ten years with a majority of the firms accruing more than $1 billion in assets.

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HBKS Wealth Advisors Announces Promotion of Firm Leaders

News & Awards

Erie, PA - HBKS® Wealth Advisors announced today the promotions of two of its key leaders. Senior Financial Advisors Steven Rinn, CFP, of the firm’s Erie, Penn., office, and David Darwish,...

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HBKS Wealth Advisors voted Southwest Florida’s “best” financial advisory firm in a readers’ choice poll conducted by Gulfshore Business magazine

News & Awards

Fort Myers, Fla. - HBKS® Wealth Advisors was voted Southwest Florida’s “best” financial advisory firm in a readers’ choice poll conducted by Gulfshore Business magazine. The firm was honored for its...

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HBKS Wealth Advisors Ranked Among Largest by Accounting Today

News & Awards

July 12, 2016 - In its recently released 2016 survey, the June 2016 edition of Accounting Today magazine ranks HBKS® Wealth Advisors 14th in amount of assets under management (AUM) among...

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HBKS Wealth Advisors Named a Top RIA by Financial Advisor Magazine

News & Awards

HBKS® Wealth Advisors ranked 102 in the $1 billion and over asset category.

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Financial Times Ranks HBKS Among Top U.S. RIAs.

News & Awards

HBKS® Wealth Advisors was pleased to be included in Financial Times 2016 Top 300 Registered Investment Advisers for the third consecutive year.

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HBKS Wealth Advisors Named a Top 300 RIA by Financial Times

News & Awards

Financial Times included HBKS® Wealth Advisors in its third annual listing of an “elite group” of advisors.

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HBKS Wealth Advisors Completes Merger Agreement with Comprehensive Wealth Solutions

News & Awards

Fredonia, New York - HBKS® Wealth Advisors announced today it has completed a merger agreement with Comprehensive Wealth Solutions (CWS). Under the agreement, the Fredonia, New York-based wealth management firm began...

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HBKS Wealth Advisors Announces the Signing of a Definitive Merger Agreement with Global Wealth Consultants

News & Awards

Naples, Florida - HBKS® Wealth Advisors announced today the signing of a definitive merger agreement under which Global Wealth Consultants (GWC) of Naples, Fla., will join its multidisciplinary financial services firm.

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HBKS Wealth Advisors Principal and Senior Financial Advisor Stephen Schramm featured in Treasure Coast Newspaper

News & Awards

HBKS® Wealth Advisors takes a holistic view of working with each individual client. This distinguishes the firm, which has offices in Stuart and other Florida locations as well as in Ohio...

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HBKS Wealth Advisors Principal and Senior Financial Advisor Dean Piccirillo featured on GoErie.com

News & Awards

Erie native Piccirillo finds success in Florida.

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HBKS’s Director of Asset Management, Brian Sommers, CFA, quoted in The Wall Street Journal

News & Awards

Brian Sommers, CFA - Director of Asset Management for HBKS® Wealth Advisors was quoted in The Wall Street Journal about the rise and fall of liquid-alternative funds.

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HBKS Wealth Advisors Announces “People of the Year” Finalist

News & Awards

HBKS® Wealth Advisors is proud to announce that Dean Piccirillo, CFP®, CRPS®, AIFA® has been named one of three finalists for Southwest Florida’s News-Press “People of the Year” award. The program...

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A Conversation on the Economy

Perspectives

Principal and Chief Investment Officer Brian Sommers, CFA and Chief Economist from First Trust Advisors, Brian Wesbury have a conversation on the economy.

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Recent Market Slides Create Opportunities for Long-Term Investors

Perspectives

The global response to the COVID-19 pandemic has caused an unprecedented shock to most economies in the world. Social distancing and business shutdowns, while necessary to curb the growth of new...

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round table interview

A COVID-19 Roundtable Discussion: Advisors Address Client Concerns

Perspectives

An interview with HBKS Advisors Christopher N. Sorce, CFP, Principal and Senior Financial Advisor; Ryan Furtwangler, CFP, Principal and Senior Financial Advisor; and Gus Repetto, MST, CFP, Principal and Senior Financial...

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Watch: Helping Businesses Respond to COVID 19

Perspectives

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hands in - all together

A COVID-19 Roundtable Discussion: CPAs & Financial Advisors Working Together to Address Client Concerns

Perspectives

An interview with HBKS Advisor Matthew Costigan, CFP, CPA/PFS, Principal and Senior Financial Advisor, Pittsburgh; and HBK CPAs & Consultant’s Jeremy Hartzell, JD, MBA, Principal-in-Charge, Pittsburgh.

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Watch: Paycheck Protection Program, Loan Forgiveness, and SBA EIDL Changes: What You Need to Know

Perspectives

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bear market

Bear Market Recoveries: Stay Invested

Perspectives

The effects of the COVID-19 crisis have been abrupt and wide ranging. As of March 23, the S&P 500 had declined nearly 30 percent from its highs just a few weeks...

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An abstract blue pattern with numbers

By The Numbers: A Statistical Look at Market Timing

Perspectives

Statistics tell us a lot about whether or not we should try to time the markets, in particular in periods of high volatility, like those we're seeing in conjunction with the...

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sun breaking through the clouds

The Next Right Thing

Perspectives

We have seen market downturns several times in history and what we have learned is the "next right thing" has been to stay calm. Now is not the time to make...

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small town

Small Community Supports Small Business Disrupted by COVID-19

Perspectives

The Fredonia, New York community has come together to support their neighbors and local small business owners.

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Sunset on pebbles on beach

Redefining Success in Turbulent Times

Perspectives

The current circumstances, variously labeled as a health pandemic, financial pandemic, health crisis, etc., have become a call for us to reevaluate how we support ourselves, get in service, and to...

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reviewing finances

COVID-19 Is Not Our Only Sinister Foe

Perspectives

In trying to stop the spread of the COVID-19 virus, we are waging a war with an invisible and unrelenting enemy: a microscopic pathogen. But that is not the only invisible...

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people eating outside cafe

Planning for What’s to Come

Perspectives

In just a couple of months since the first reported case of COVID-19 in the U.S. life has changed dramatically for most of us. No one planned or prepared for a...

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Important Updates About Firm Operations During the COVID-19 Pandemic

Perspectives

Our CEO, Chris Allegretti, shares the latest information about how HBKS is responding to the Coronavirus.

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HBKS Wealth Advisors COVID-19 Preparedness Update

Perspectives

Our CEO, Chris Allegretti, shares important information about how HBKS is responding to the Coronavirus.

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2019 Year-End Tax Planning Update

Perspectives

With 2019 coming to a close, individuals and businesses may still benefit from several tax savings strategies. Our colleagues at HBK CPAs & Consultants share the many opportunities still available and...

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Cellphone users

Millennials, Smart Phones and Artificial Intelligence

Perspectives

I often hear complaints about how millennials are too tied to their smart devices. How will they be able to cope in the so-called "real" world when all they do with...

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To Skip or Not to Skip Your 2020 RMDs

Retirement Planning

The last few months have inundated us with programs and legislation designed to help us regain our financial stability. One of the attempts to help, the CARES Act, similar to what...

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Is Your Mind Ready to Retire?

Retirement Planning

There are many ways to plan retirement and most tend to focus on the financial aspects: how much money will I have, what will I be able to afford, is there...

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Evaluating an Early Retirement Offer

Retirement Planning

In today's corporate environment, cost cutting, restructuring, and downsizing are the norm, and many employers are offering their employees early retirement packages. But how do you know if the seemingly attractive...

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Watch: CARES Act Retirement Plan Provisions and Relief

Retirement Planning

What does the federal government's COVID-19 Response legislation mean to retirement plans? The recently passed Coronavirus Aid, Relief, and Economic Security Act or the CARES Act, contains relief and assistance for qualified...

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Retired couple

Retirement Income Strategies for Turbulent Times

Retirement Planning

One of the rewards of a successful long-term retirement plan is withdrawing annually at a "safe withdrawal" rate. In these unprecedented times, how should you adjust your retirement plan withdrawals?

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FAQs for Plan Sponsors Suffering from Coronavirus Related Business Disruptions

Retirement Planning

The Retirement Plan Services group answers your most pressing questions in this FAQ.

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Retirement Plan Provisions of the CARES Act

Retirement Planning

The CARES Act signed into law by the president March 27, 2020 provides several enhancements that give taxpayers and retirement plan participants the ability to access their plan assets for coronavirus-related...

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Reducing or Eliminating Safe Harbor 401(k) Contributions

Retirement Planning

Can employers reduce or eliminate their safe harbor contribution?

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reviewing finances

COVID-19 Is Not Our Only Sinister Foe

Perspectives

In trying to stop the spread of the COVID-19 virus, we are waging a war with an invisible and unrelenting enemy: a microscopic pathogen. But that is not the only invisible...

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Retired couple walking on beach

Beware: Is IRMAA After Your Social Security Dollars?

Retirement Planning

In an attempt to keep Social Security funded, the IRS is implementing a provision called IRMAA or Income Related Monthly Adjustment. Essentially the intent is to generate funds from wealthier taxpayers,...

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Backdoor Roth IRA: A Savings Strategy for Higher Earners

Retirement Planning

A Roth IRA is attractive to many people because you contribute after-tax dollars and the earnings grow tax-free—when you withdraw funds in retirement you pay no income tax on your withdrawals....

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Senior woman talking with caregiver at long-term care facility

Is Long-Term Care Insurance a Necessity or Luxury?

Insurance

While long-term care insurance can lighten your cash outlay should you need extended care, not everyone can afford the expense. As financial planners, we help clients understand what insurances make sense,...

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Tax-Free Retirement Strategies for High Earners

Retirement Planning

There are only so many pre-tax avenues to retirement income. High earners who want to put more dollars aside must find alternatives beyond such traditional means as 401ks and IRAs.

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U.S. Capitol Building

Breaking News: SECURE Act

Financial Planning

The President signed into law on December 20 two spending packages that will fund the government through the rest of the fiscal year. Included in the spending packages were the Setting...

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Gen X and Millennial workers retirement planning financial advisor Erie, PA

Listen Up Generation Xers and Millennials: You’ll Need to Work Longer, Save More and Spend Less to Retire Well

Retirement Planning

The good news is that life expectancies continue to increase. Healthier lifestyles and medical advances are keeping older people alive and active longer. But there's a challenge that comes with a...

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Pension Myths: Common Misconceptions About Pension Plans

Retirement Planning

To a great extent defined benefit plans, most of which are more commonly known as pension plans, have fallen out of favor. As of 2017, only 16 percent of Fortune 500...

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Modern Retirement: Potential Areas of Trouble

Insurance

Given the unique characteristics of every family, conducting a detailed retirement feasibility study is imperative as anyone nears retirement. While a detailed examination of personal financial circumstances is crucial, the...

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Annuities and Retirement Planning

Retirement Planning

You may have heard that IRAs and employer-sponsored plans (e.g., 401(k)s) are the best ways to invest for retirement. That’s true for many people, but what if you’ve maxed out your...

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When You’re 65: Things to Consider When You’re Heading into Your Retirement

Retirement Planning

Most people who make it to 65 wonder how they got there so quickly. John Lennon said, "life is what happens when your busy making other plans." If you did most...

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Dad Helping daughters with homework, thinking about saving for retirement and college

Your Retirement, Your Children’s Education: Let’s Do the Math

Financial Planning

If you're a young couple with children, you’re tasked with at least two major savings initiatives: your retirement and your kids’ educations. Both require early and smart planning.

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Widowed? Divorced? Social Security Benefits Await You

Financial Planning

The Social Security Act was voted into law in 1935. Over the years, it has been amended frequently and today's law includes many provisions with which many Americans are unfamiliar. One...

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Retired Couple Sitting on a Bench

Everything You Wanted to Know About Medicare… But Maybe Didn’t Know to Ask

Insurance

If you are about to turn 65, your healthcare coverage — at least your primary coverage — will be provided by the U.S. government through a plan called Medicare. The following...

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Social Security Card

Is Your Social Security Payment Accurate?

Retirement Planning

Even Social Security can make a mistake. While errors are rare, it is important to check the mathematics and confirm the amounts on your social security checks are accurate.

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Kids learning in school

Saving for Retirement and a Child’s Education at the Same Time

Financial Planning

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for...

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A couple sitting on the lake enjoying retirement.

Retiring Early? A Healthcare Subsidy Could Help

Retirement Planning

If you're thinking about retiring early, that is, before age 65, but losing your healthcare coverage plan is giving you pause, there might be a solution for you. Under the current...

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HikingCouple

Planning for Retirement: What Income Replacement Rate Will I Need?

Retirement Planning

The transition from retirement saver to retirement spender can be overwhelming. A life spent earning income, deferring taxes and accumulating invested assets quickly changes to life on a fixed income —...

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Growing Savings

Let’s Talk About Your Employer-Sponsored 401(k): Roth or Traditional?

Retirement Planning

When the time comes to retire, you want to be comfortable with your financial situation. Choosing to save for retirement is easy; however, choosing how to save can be difficult. You...

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(k),PensionandRetirementNestEggs

Congress Intends to Modernize Retirement Plan Rules

Retirement Planning

Congress is considering sweeping legislation to modify – or modernize – the rules for IRS qualified retirement plans, as recently both the House Ways & Means and Senate Finance Committees advanced...

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Retirement Savings Jar and Time Clock

Retirement Help for Age-Gap Couples You Might Not Know About

Financial Planning

Making decisions about your retirement can be involved – and even more complex when there is a substantial age gap between you and your spouse. Substantially different retirement dates complicate such...

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Couple Retirement Planning

The Roths: 401(k) vs. Roth IRA. Which is better?

Retirement Planning

Roth 401(k) plans and Roth IRAs are similar retirement plans in that both are funded by after-tax dollars, that is, income you’ve already paid taxes on. They also both offer qualified...

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Stock Chart

Thoughts on the Vanguard Market Call

Market Commentary

Global investment powerhouse Vanguard sharply cut the expected returns for U.S. stocks in the next decade. If the forecast proves to be accurate, the implications could be significant for retirement-plan sponsors,...

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ToDoList

New Year’s Resolutions for Retirement Plan Fiduciaries

Retirement Planning

Americans love making New Year's resolutions at the beginning of the calendar year. Generally, these self-improvement goals concern health and wellness, weight loss or improving relationships. If you are a retirement...

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Paperworkandcalculator,planninga(k)

The Rules for Hardship 401(k) Withdrawals Have Changed

Retirement Planning

Generally, participants in 401(k) plans can't withdraw their retirement funds until age 59½ as long as they remain with their employer. However, employees can take money out, including earnings on their...

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Elderly Couple Holding Hands and Walking on the Beach

Required Minimum Distributions: When Your Retirement Savings Start Paying Off

Retirement Planning

Whether you're about to begin enjoying the benefits of your years of saving for retirement or just starting to contribute to a retirement plan, you'll want to know a few things...

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Getting Started: A Little Saving Now Will Pay Off Big Later

Retirement Planning

As a financial advisor to young professionals, I emphasize how important it is to start saving early for retirement. You might not want to restrict yourself to a budget, but what...

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Tax forms and calculator tapes

IRS increases IRA limits for 2019

Financial Planning

For the first time since 2013, the IRS is increasing the annual limit for IRA contributions.

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Estate planning documents

Inheriting Retirement Accounts: The Other IRAs

Estate Planning

Dealing with the passing of a family member or close friend is never easy. The emotions we feel and the ways we cope with loss can vary dramatically depending on our...

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Elderly Couple Holding Hands and Walking on the Beach

The Goal of a Worry-Free Financial Retirement

Retirement Planning

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Older Couple Dancing

Tax Deferred Retirement Savings

Retirement Planning

It’s a win-win-win. If you are self-employed, a sole proprietor or run a small business, you can build retirement savings while reducing your tax burden and building onto your investment portfolio....

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Saving Coins in a Jar

Pay Down or Save Up?

Financial Planning

You have extra cash. Should you use it to pay down debt or build up your retirement savings?

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Saving for Retirement or College: Pick One

Financial Planning

Good for you if you’re able to put enough money aside to cover your retirement and your kids’ college educations. But if not, remember the flight attendant’s advice before take-off: put...

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The Ocean

Retirement Planning: Your Sunny Future in the Sunshine State

Retirement Planning

A recent study pointed to Stuart, Fla., here on the Atlantic coast, and two other Florida cities, Naples and Sarasota, on the Gulf of Mexico, as top places for retirement in...

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Man Overlooking a Cliff

Approaching Your “Retirement Cliff”?

Retirement Planning

If you are in your late 50s or early 60s, then you are fast approaching what is known as the “retirement cliff,” the end of the earned income period of your...

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