Blog

Records Are Made To Be Broken

I hope you and your loved ones all had a safe and enjoyable 4th of July. We've all heard it said: "Records are made to be broken." We celebrate record-breaking winning streaks from our favorite teams. Conversely, we hope to avoid a long string of losses. The bull market that began in 2009 is not the best-performing since WWII. That title still resides with the long-running bull market of the 1990s. But it is the longest-running since WWII...
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10 Tips for Teaching Kids About Money

Kids learn the basics in school - reading, writing and arithmetic. But schools avoid almost any instruction about money. If they do offer a class, it may be an elective in high school, long after habits have been formed. I believe it's important to start talking about finances early, when kids are young. You can begin to share your values and help them shape their views on money in a culture that places a premium on "things," not savings.
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Will SECURE Act Be the End of Stretch IRAs?

A recent article by attorney James Lange summarizes our thoughts regarding the likely passing of the SECURE Act, which currently sits in the Senate. We would like to share this information with you: On May 23, in a 417-3 vote, the House of Representatives passed a new tax bill called the SECURE Act which could be more appropriately called the Extreme Death-Tax for IRA and Retirement Plan Owners Act.
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Saving for College - 529 Plans

We all want what is best for our children. At an early age, we teach them to eat the right foods, we place them in the best preschools, we encourage them in grade school and high school, and we cheer them on when they excel in extracurricular activities. Put another way, we want our children to succeed in all aspects of life. As our kids wind their way through high school, most of us want them to attend college...
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Defining A Recession

Henry Wadsworth Longfellow's poem "The Midnight Ride of Paul Revere" retells the story of a patriot who shouts a harrowing warning to his fellow colonists, "A recession is coming! A recession is coming!" Well, that's not quite the story, but given the seemingly non-ending talk about a recession, you might think that economists are channeling Paul Revere's midnight ride. Yes, a recession is eventually inevitable, but is it imminent?
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America, The Beautiful

It's common practice for the president or CEO of a company to include a letter to shareholders in the annual report. Berkshire Hathaway's chairman and CEO, Warren Buffett, doesn't buck the trend. His annual letter captures plenty of attention, and this year was no exception. The focus is on the investments and operating performance of Berkshire Hathaway, but the Oracle of Omaha also includes many sound principles for wealth creation as well as his general thoughts about the U.S. economy.
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5 Money Mistakes - And How To Avoid Them

Have you ever heard someone say that experience is the best teacher? Here's another one- there are no mistakes, just lessons. Well, I would like to take a slightly different tack. Experience isn't the best teacher. Someone else's experience is. Learn from other peoples' mistakes and you can save yourself a lot of grief. In that spirit, I'd like to review the biggest financial mistakes I've seen and offer you ways to avoid them.
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A Bumpier 2018 and a Return to Normalcy

I hope everyone had a wonderful holiday season. Whether you reached your personal goals in 2018, faced challenges, or are looking for a 2019 reboot, let's take a moment to hit on the key themes from the past year. Before I get started, I want to revisit a comment I included in my annual letter to you as we left 2017 and began 2018: The momentum generated by a growing U.S. and global economy is likely to carry over into the new year. While a 2018 recession can't definitively be ...
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Five Takeaways on October’s Rough Ride

October has been a rough month for equities, but then again its historically been one of the most volatile periods of the year. October is known for volatility, and we've sure seen it so far explained Senior Market Strategist Ryan Detrick. In fact, by many measures, October is poised to be one of the worst months in years. The S&P 500 Index has had two separate six-day losing streaks this month for the first time in history. That pretty much sums it up.
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The Long Running Bull

The month of August marked an important milestone for the long-running bull market. On August 22, the bull market, as measured by the S&P 500 Index, extended its run to 3,453 calendar days (CNBC, various sources), becoming the lengthiest bull market in history, or at least since WWII. While we may celebrate the milestone, let’s take a moment to review where we’ve come from.
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INVESTMENT ADVISOR CERTIFICATION RENEWED FOR FIDUCIARY EXCELLENCE

PITTSBURGH, August 9th, 2018; CEFEX, the Centre for Fiduciary Excellence, LLC, has renewed the certification of RetireRight Pittsburgh of Pittsburgh, Pa to the standard described in the handbook & Prudent Practices for Investment Advisors; RetireRight Pittsburgh remains part of an elite group of investment advisory firms which are certified in this global program.
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5 Principals That Will Sharpen Your Skills as an Investor

Have you ever embarked on a home improvement project? You are confident you can complete the task, but you are unfamiliar with the details. A “how to” clip is usually available on YouTube, but there isn’t a practical way to reach out with follow-up questions. You need guidance from a caring individual. That is where your local home improvement store comes into play. I have usually had good luck with Home Depot. Not only do the employees know their craft exceeding
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Tax Traps to Avoid in Retirement

“Our new Constitution is now established, and has an appearance that promises permanency; but in this world, nothing can be said to be certain, except death and taxes.”
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5 Steps to Reducing Health Care Costs in Retirement

Health care costs will be the biggest expense for most retirees. It’s not a pleasant prospect, but it is a reality.A 65-year-old couple that left the workforce in 2017 will spend an average of $275,000 to cover medical expenses through retirement, according to the latest retiree health care cost estimate provided by Fidelity Benefits Consulting. That’s a 5.8% increase from the estimate of $260,000 in 2016.We can’t just sweep this under the rug and hope it goes away. Instead, le
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Volatility and the New Reality

Last year, stocks marched higher with only minor pullbacks. When the year ended, the largest peak to trough decline for the S&P 500 Index was just under 3% (St. Louis Federal Reserve data on the S&P 500). It was a year that lacked turbulence and one that rewarded diversified investors.Since the beginning of February, volatility has returned. It's a reminder that periods of relative tranquility don't last forever.In my opinion, it's something that the long-term investor
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