To Roth or not to Roth…That is the Question

June 9, 2014 12:00 am

You’re in your office and your human resources manager approaches you with a form that you need to fill out for the upcoming year with respect to the amount of your salary you want deducted from your paycheck for your 401(k) contributions. The fo…

5 Easy Things You Can Do Right Now to Clean Up Your Financial Home

April 4, 2014 12:00 am

We recently held our annual “ShredIt” event and invited our clients to bring in any old documents that needed shredding. It was our second annual event like this, and this year’s was just as well received. In all, 1.85 tons of paper w…

New IRS Interpretation of IRA Rollover Rules

March 27, 2014 12:00 am

The IRS has just announced that it intends to follow a recent Tax Court opinion (Bobrow v. Commissioner, T.C. Memo) regarding IRA rollovers. The changes, which won’t become effective until after January 1, 2015, could have significant tax ramific…

Where’s my 1099? {The 2014 edition}

February 19, 2014 12:00 am

Last year I wrote a blog about 1099’s and why investors should expect their 1099’s to arrive in late February. I thought now would be a good time to republish this blog, because most of the information is still accurate.

I said it last ye…

TV Interview: Retirement Planning for Generation X with Derek Amey

August 30, 2013 12:00 am

Building on his August 28th blog on generation x retirement planning, Derek Amey had the opportunity to speak with WJAR’s Frank Coletta about the differences between a Traditional IRA/401k and a ROTH IRA.

Derek Amey with Frank Coletta from WJA…

Debt vs. Deficit: What’s the difference?

May 14, 2013 12:00 am

There was news recently that the federal government paid down some of its debt for the first time since 2007. I guess you could argue this is good news: it’s better than not paying the debt down, but why it happened is equally as important. …

Where’s My 1099?

February 14, 2013 12:00 am

Tax season has just started, and the annual wrangling over documents for our accountants has begun. For you early birds, the delay in 1099’s every year is a major nuisance. Let’s get something out right away: unless the tax laws change or t…