What is the Debt Ceiling, and Why the Ongoing Conflict?
Created by Congress in 1917 under the Second Liberty Bond Act, the debt ceiling, or debt limit, is a restriction imposed by Congress on the amount of outstanding national debt that the federal government can have. The debt ceiling is...Read More
Are You a Disciplined Investor?
Disciplined investing can be challenging. Markets move up and down. One of the greatest challenges you may face is managing your emotions during volatile times. In fact, many of the most common mistakes that an investor can make can be...Read More
Making Big Purchases During High Interest Rates
My wife and I recently welcomed our 3rd son into this world, and with that addition found ourselves in need of a bigger vehicle. But during record high inflation and rising interest rates, the cost of borrowing money to finance more...Read More
Changing the Way You Save for Retirement
The EARN Act (Enhancing American Retirement Now), aka SECURE 2.0, was signed into law late 2022. This act builds upon the original SECURE Act of 2019. The Setting Every Community Up for Retirement Enhancement Act (SECURE)...Read More
Love your home but do not fall in love with it….
Your home is an investment, it’s okay to love it, but do not fall in love with it. I was given this advice early on in my career from one of my favorite mentors, my uncle. As time passed, I learned to appreciate what my...Read More
Year End Tax Planning Tips
Needless to say, 2022 has been an eventful year for most of us.After coming off a solid year of portfolio gains, 2022 started off with a bang, in the literal sense, with Russia invading Ukraine, the Chinese shut down with a zero...Read More
What you need to know about the new Social Security benefit increase
2023 Social Security IncreaseOn October 13, 2022, the Social Security Administration announced that Social Security recipients will receive an annual cost of living adjustment (COLA) of 8.7% next year. This will be the largest increase...Read More
Open Enrollment Period for Medicare – Act Now
If you’re a Medicare enrollee, it’s the time of year when you can join, switch, or drop your existing Medicare supplement and/or drug plan. Open enrollment for Medicare supplemental and Medicare Advantage coverage...Read More
Finance & Emotions – Where’s the Connection?
“I’m only human.” When was the last time you used that phrase? Possibly when you forgot something, lost something, or made a ‘not so perfect’ decision. “I’m only human” is a phrase in...Read More
How to Manage Your Money When the Tide is Out
Here we go again, another unprecedented time in our markets filled with uncertainty, lack of control, fear that our long-term savings will plunge and simply disappear into thin air…. WAIT, STOP, CUT - let’s back up a bit...Read More
QCD Your RMD
As summer comes to a close and we head into fall, it is time to start thinking about your year-end tax and charitable planning. If making regular charitable contributions is important to you, a qualified charitable...Read More
Real-Time Insights from a Bond Manager - Q&A
An Interview with Tim Sauermelch, CFA, Senior Portfolio Manager SEI Fixed IncomeWe recently had an opportunity to sit down virtually with one of SEI’s top bond managers, Tim Sauermelch, and talk shop. In our discussion...Read More
Will the Fed Cause a Recession? The Relationship Between Inflation and Interest Rates
The Labor Department’s Consumer Price Index rose 9.1% in June compared to a year before, the fastest pace in almost 40 years. While this number is certainly concerning, it is not all that surprising to those who go to the grocery...Read More
The Health of Social Security: Some Good News and Some Bad News
With 65 million people currently receiving Social Security benefits, keeping Social Security healthy is a major concern.¹ Social Security isn't in danger of going broke since it's financed primarily through payroll taxes, but...Read More
Financial Planning in a Down Market
In a down market, sound financial advice may include to ‘do nothing now’ or ‘stay the course.’ But sometimes, when your investments fall in value, it can create some financial planning opportunities, such as...Read More
A Family Mission Statement for Philanthropy
We all hold a special place in our hearts for the charities and other non-profit organizations that are dedicated to serving our community. In gratitude for their admirable initiatives, many of us feel compelled to support these...Read More
Tax Breaks for Continuing-Care Retirement Communities
Retirement is an exciting time of transition in your life! As you approach your golden years, one of the key decisions you may be contemplating is your living situation – not just for today, but with special consideration for...Read More
Series I Savings Bonds – an inflation-protected asset
First issued in 1998, Series I Savings Bonds, also known as I bonds, were specifically designed to be a hedge against inflation. With inflation at a 40-year high, it’s no surprise that we are getting an increase in questions...Read More
Economic and Market Outlook – May 2022
The confluence of challenges facing the economy and affecting the market is staggering. In short, we’re living in a period with a historic rate of inflation coupled with very low unemployment, a housing market that...Read More
Fiduciary Responsibility - What is it and who has it?
The concept of fiduciary rules has been recognized since ancient times, in fact dating back to one of the earliest and most complete written legal codes in the world, the Code of Hammurabi. Proclaimed by the Babylonian King Hammurabi,...Read More
Creating New Pathways in Your Brain: Mastering Your Life - Mastering Your Money
Money…. we love it, we worry about it, we fear it, we can’t live without it. Money is entwined with all aspects of our lives; it is tightly wrapped up with our sense of security and esteem. What are most of us fearful of...Read More
It’s Time to Take On Your Debt
Carrying excessive debt is both a financial and emotional burden. Along with the additional stress it can cause in your life, it can also cost you more money in interest and delay progress toward your financial goals. Especially with...Read More
Are You Ready for Tax Season?
Official tax season began on Monday, January 24, 2022. This was the date the Internal Revenue Service (IRS) began accepting and processing 2021 tax year returns. If you’ve already filed, congratulations! If not, you’re not...Read More
The Impact of Inflation on Your Financial Plan
As we close the books on 2021 and turn our attention to the new year, it is hard to ignore that inflation pressures are impacting many parts of our lives. Let’s take a look at what may be driving the pricing pressures and...Read More
Roth IRA – Is it right for you?
As tax season approaches, it’s a good time to review the tax planning moves you may make to better your financial position. Due to its unique tax features, contributing or converting to a Roth IRA might be considered during your...Read More
COLA, Retirement Plans, and Medicare - Oh My!
To help Social Security and SSI beneficiaries keep up with inflation, they often receive an annual cost-of-living adjustment, known as COLA. Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2020...Read More
The Gift That lasts a Lifetime… Education
It’s that wonderful time of year again when we look to share with others, especially our loved ones. As parents and grandparents, we want our children to have the best opportunities in life and one way to do this is by providing...Read More
Basic Legal Documents You and Your Children Should Have
During the review and analysis process when becoming a client of Ciccarelli Advisory Services we ask many questions. One of the primary elements of financial and estate planning is for your advisor to know what happens if you become...Read More
Health Savings Account- Best Account on the Planet?
In today’s rising tax environment, if I told you there was an investment account available that provided “Triple-Tax Benefits” you would probably not believe me. So, let me introduce you to the Health Savings Account...Read More
Family Financial Meetings - Why they are important for you and your loved ones
It may seem awkward, or even a little intimidating, but bringing your family together for a financial conversation can be an important step in assuring your family understands your wishes and to prepare them for the future.Read More
Beneficiary Designations and why they are so important, what you should be looking out for, and suggestions for designating your beneficiaries.Read More
Women's History Month; Learning From Our Past
What do Women’s History Month and financial planning have to do with each other? It turns out, a lot!Looking back in history, women did not take the primary role in their financial future and today many women still do not feel...Read More
Could a Major Tax Hike be in Store For You?
As we head into February, our mailboxes are filling up with various tax documents. With the ongoing pandemic and USPS mail delays, it will be important this year to maintain a “2020 Tax Folder” to collect your documents as...Read More
Organize Your Personal Finances for the New Year
It’s not just your house that might need a little straightening up. Your finances can also benefit from a “cleaning” every now and again. And what better time than the beginning of the new year! Why not take a look at...Read More
New Year Downsizing
A new year is new beginnings. This could mean learning a new language, tackling a new hobby, or perhaps decluttering your living space. Whether you are downsizing to a new home or decluttering your current home, the task can seem...Read More
Is An Intrafamily Loan Right For Your Family?
Family is a gift that keeps on giving, and one of the greatest gifts you could provide your family members is the gift of helping them achieve their goals and dreams. One of the biggest obstacles many people face when trying to further...Read More
Post-Election and Financial Planning Webinar Recording!
Thank you to those who attended our recent Post-Election and Financial Planning Discussion on Tuesday, November 10th as we discussed navigating the election landscape and the financial road beyond. Our team of advisors enjoyed the...Read More
Is Now the Time to Refinance?
Home is where the heart is, but it often involves one of the more important financial decisions many people will make in their lifetime; deciding to refinance your home’s mortgage. It is quite common for people to refinance their...Read More
Is the 4% Withdrawal Rule Becoming Obsolete?
October is National Retirement Security Month, which provides a great opportunity for you to reflect on your retirement goals and consider if your current financial plan aligns with those goals. One of the most important considerations...Read More
How Do Elections Really Impact Our Economy?
Whether you love election time or are feeling a bit exhausted by the constant coverage, most of us can agree that the US Presidential Election has a strong influence over the nation and the world. Every four years, the “election...Read More
Charitable Gifting With The Care Act
On March 27th, 2020, the Coronavirus Aid Relief and Economic Securities Act (CARES Act) was signed by the President to provide relief to the nation during the worldwide pandemic. The primary goal was to provide timely economic...Read More