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As more and more pensions have phased out, individuals have become increasingly reliant on other retirement savings vehicles, like a 401(k) or an IRA. We hear a lot about people not saving enough for retirement, but for those that do, it's likely they will end up passing their unspent savings to younger generations. This can leave the individual inheriting these accounts in tax situations they haven't come across before. While there are many options for transfers and distributions you have to make sure that you avoid making any mistakes that could lead to costly tax consequences.

Many people work for large corporations who offer stock plans as part of their employee compensation packages. While getting company stock (hopefully at a discount!) can be nice, when tax time rolls around, the extra documents received leaves many with quite the headache. Although each stock plan will be different, we wanted to explain one of the more common confusions with stock plans and their tax forms.

In today's digital age, almost anything you could ever want to know can be found online. Have a leaky faucet? Watch a YouTube video on how to fix it. Want to find high-interest fee-free savings accounts? Just Google it. Have the urge to learn how to code? Enroll in a free course online. With the wealth of information found on the internet this begs the question, do I really need a financial advisor?

An occasional question we get from clients when markets are doing well, as they have been in the past few years, is “should we take some profits now, so we can be well positioned when the markets fall next?” The short answer: No.

So, what happened in yesterday’s markets? A 3% decline. What will happen today? Either it will be up or down. In neither case should you change your investment strategy.

Many people when starting a new job are asked by their employer if they would like to participate in the 401(k). But what exactly is a 401(k)? Should you use it? How does it work? Those are common questions many people have and we'll explore some of the answers.