Bringing you the inside news from Arnerich Massena’s Wealth Management Team Read more
A recent survey of millennials has been making the rounds on news sites, with particular attention focused on 401(k) loans used to finance home purchases. The survey found that two in ten Millennials who plan to buy a home expect to dip into retirement accounts to fund their purchase and that three in ten who are currently homeowners have already done so.
Although 401(k) loans have some advantages, there are also several important factors to keep in mind before borrowing from your future. Read more
Even though we are knee-deep in the 2017 tax season, it’s not too early to start thinking about 2018 taxes. Given tax reforms in the Tax Cuts and Jobs Act, wage earners should be sure to review and, if necessary, adjust their tax withholding. You can start this process using the IRS 2018 Withholding Calculator to do a “paycheck checkup” and help you determine whether your tax withholdings are appropriate. Read more
The basic purpose of life insurance is simple: upon your death, a policy will pay out a set benefit (income tax-free and occasionally estate tax-free) to your beneficiaries. When considering life insurance options, however, it can be difficult to determine the amount of coverage your family needs and to understand the terminology and costs/benefits of different policies. Read more
Like a new year, parenthood brings with it many new experiences. Some are great — the first time you hold your child, the first time they smile, et cetera. Some are not — first diaper changes, the first all-nighter, and so on. The Arnerich Massena team is welcoming three babies in the coming months and we love hearing stories about these firsts from our new parents.
Sometime during those first few sleep-deprived months, most new parents stumble across the same thought: “Since I am now responsible for this other human being, I should probably get my finances and estate in order.” Read more
Overwhelmed with year-end planning? If you are still in your working years, ask yourself these three simple questions about retirement savings to start 2018 in a strong and secure position. Read more
The end of November means turkey dinners, time with family, and (of course) year-end tax planning! Here are five things you can do in under fifteen minutes to make tax-efficient use of your dollars at the end of the year: Read more