Three Ways to Curb Holiday Spending
The holidays are right around the corner, and it’s time to start thinking about gift shopping, parties, and all the other spending that goes along with them. It’s nothing new that the holidays are expensive. However, it is important to set a budget and avoid overspending during this time of year. This Reuters article discusses […]
Is Your Smartphone Making You a Not-So-Smart Investor?
In a recent WSJ article, they talk about the how smart phone “investment apps” are causing investors to react to short-term market swings and abandoning their long-term established financial plans. Behavioral economists call this tendency, “myopic loss aversion”- and it can be incredibly costly. Click on the link above to read the full article!
Changing Your Domicile from NYS
Would you stop being a fan of the Yankees, Mets, Giants, Jets, Bills or the Syracuse Orangemen and root for a team in Florida in order to save on your tax bill? It might help! Many New York State residents planning for retirement expect to maintain a residence in New York, but claim another state […]
Financial Automation
Does it feel like you are constantly paying bills all of the time? It may be time to refresh and automate your current financial process. Just simply keeping track of all of our various accounts can be mindboggling and often quite tiring. Since time is one of the most precious aspects in life, why not regain […]
Rockbridge Named a Top 100 Wealth Management Firm by CNBC!
“Rockbridge Investment Management Named a Top 100 Wealth Management Firm by CNBC” SYRACUSE, NY – Rockbridge Investment Management, an independent, fee-only investment management firm serving individuals and families, has recently been named as one of CNBC’s Top 100 Fee-Only Wealth Management Firms. Rockbridge is the only Central New York firm to join the elite list […]
Should You Manage Your Own Money?
Over the weekend, the Wall Street Journal writer Lindsay Gellman covered this important topic. She did an excellent job articulating the values of both hiring an advisor and managing your own personal finances. The sole point that I disagree with in the article is titled, “You won’t stick to a pro’s advice, anyway.” At […]
Active or Passive?
In a recent Wall Street Journal (WSJ) article, the debate over whether to use active or passive investments was addressed. The conclusion was just use both! Let’s take a look at the five reasons they give to defend this neutral stance and see if they hold up to scrutiny. 1. Use index funds for efficient […]
What is the Value of an Investment Advisor?
Does hiring an investment advisor improve your portfolio returns? This question is often on the minds of our clients or prospective clients. The value of an advisor is often easier to describe than define numerically. Many clients find value in hiring an advisor to provide “peace of mind” and comfort that a professional is watching […]
SURPRISES AT TAX TIME
As a volunteer tax preparer for the AARP, I often review tax statements from many different brokers and investment companies. The Income Tax preparation process always seems to identify examples of the value of working with a trusted investment advisor. Here are some examples from my experiences as a volunteer tax preparer for AARP from […]
Action Required: NYS STAR Registration Not Automatically Renewed
For almost all New York State homeowners, the School Tax Relief (STAR) program reduces the amount of property tax owed. This program saves families hundreds of dollars every year. Previously, a new homeowner registered for the STAR property tax exemption when purchasing a home. After the initial application, the STAR exemption was carried forward into […]
