UPCOMING EVENTS

SEMINARS FOR SEPTEMBER 2016

MONROEVILLE / PITTSBURGH
Tuesday, September 13, 2016
2:00PM
Courtyard Marriott / Monroeville
3962 Wm Penn Highway
Monroeville, PA 15146
Between Sheetz and Eat ‘n Park
 
MURRYSVLLE / DELMONT
Tuesday, September 13, 2016
7:00PM
Holiday Inn Express
Delmont/Murrysville
6552 Route 22
Delmont, PA 15626
Behind Lamplighter Restaurant on Rt. 22
 
HARMARVILLE / PITTSBURGH
Wednesday, September 14, 2016
2:00PM
TownePlace Suites / Pittsburgh
2785 Freeport Road
Pittsburgh, PA 15238
Just off of Exit 48 of PA Turnpike
 
MONROEVILLE
Wednesday, September 14, 2016
7:00PM
The Estate Planning Centers
3824 Northern Pike, Suite 801B
One Monroeville Center
Monroeville, PA 15146
Just west of Red Lobster on Rt. 22
 
MURRYSVLLE / DELMONT
Saturday, September 17, 2016
10:00AM
Holiday Inn Express
Delmont/Murrysville
6552 Route 22
Delmont, PA 15626
Behind Lamplighter Restaurant
 

 
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Proudly serving clients throughout Allegheny, Westmoreland, Butler, Fayette, and Washington Counties; including Pittsburgh, Monroeville, Greensburg, Latrobe, Cranberry, Wexford, Sewickley and YOUR community.

Year-End Moves For You

I am no investment guru, but I have been around the block enough to know that trying to time the markets with investments to buy high/sell low requires more foresight than I possess. Nevertheless, it never hurts to remind people of some year-end maneuvers with investments which may be relevant, particularly when tax time comes in April.
 
If you have already developed long-term gains on an investment, you might consider if you want to recognize that gain this year to take advantage of historically low tax rates on long term capital gains. If you are of the belief that tax rates are going to fall, not rise, you might do just the opposite.
In a similar vein, if you have suffered a loss on an investment, you might consider if the tax treatment of that loss is better recognized next year to offset gains you may incur at scheduled higher rates, or this year, when the lower tax rate could decrease the net tax value of the loss.  Again, if you are of the belief that tax rates are going to fall next year, then the opposite might be true.
 
Take a look at the rate of return for any savings bonds you own before you redeem them.  I find many clients are cashing in EE bonds purchases in years past, even though those bonds are still appreciating at a guaranteed 4% per year. Have you tried to buy a 4% CD lately?  Even though you may have a bond mentally reserved for a particular person or purpose, you might consider the true return on the asset before you cash it in (and incur the tax liability), rather than access other cash options.
 
If you haven’t contributed the maximum to 401k’s at work, investigate increasing your contributions for the balance of the year to take advantage of these tax deferred savings devices. You should probably at least put in enough to capture any employer matching contribution.  Beyond that amount, you need to consider whether the 401k or a Roth IRA, or both, will best achieve your goals.
 
Finally, as everyone is chasing guaranteed return in this volatile world we live in, don’t forget that there are options available to you which go beyond the CD rates offered by the bank down the street.  Promotional CD rates from a different bank, internet-based banks with FDIC insurance, municipal bonds, corporate bonds, so-called junk bonds, Treasury Inflation Protected Securities and various other tools are available.
 
I will end as I began; I’m no investment guru, but I like to remind people to get, and keep, their financial house in order. If you ever need a referral to financial, investment, insurance, legal or other professionals, feel free to give us a call. Making these decisions can be very confusing and difficult, but making no decision at all can be worse. While we focus on helping families develop estate plans to create smooth, secure passage through life’s troubled times, our practice puts us in touch with a variety of related fields and lets us see who is providing client-focused service.