Rising interest rates cause pain for estate planning moves used by the ultrarich
September 27, 2022 – Managing Director and Head of Wealth Planning, Mallon FitzPatrick, CFP® was featured in Financial Planning to discuss “Rising interest rates cause pain for estate planning moves used by the ultrarich.” Higher interest rates have kickstarted a clutch of increased costs on everything from mortgages and credit card balances to car loans […]
Understanding the Inflation Reduction Act from a Wealth Planning and Investment Perspective
By Mallon FitzPatrick, CFP®, Head of Wealth Planning, and Stuart Katz, Chief Investment Officer August 29, 2022 – After considerable back and forth between lawmakers and the White House, President Joe Biden signed the Inflation Reduction Act (IRA) into law on Tuesday, August 16, 2022. The approximately $485 billion spending bill is offset by a forecasted […]
The Nuts And Bolts Of The Inflation Reduction Act For Clients
August 23, 2022 – Chief Investment Officer, Stuart Katz, and Head of Wealth Planning, Mallon FitzPatrick were featured in Financial Advisor Magazine to discuss ‘The Nuts And Bolts Of The Inflation Reduction Act For Clients.’ Read the full piece here: https://bit.ly/3R8WrWk
2022 Mid Year Outlook Webinar
July 21, 2022 – With the 1st half of 2022 behind us, our Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz discuss their economic and market outlooks for the 2nd half of the year. Head of Wealth Planning Mallon FitzPatrick will also share financial planning advice to keep in mind for the remainder […]
Wealth Planning Doesn’t Require Rules of Thumb
By Mallon FitzPatrick, CFP® July 29, 2022 – Generally speaking, rules of thumb exist to simplify life. There’s no sense in trying to reinvent the wheel after someone already went through the process of trial and error that spawned the rule in the first place. When it comes to wealth planning, many of the profession’s […]
Hierarchy of Tax Deferral Strategies
By Mallon FitzPatrick, CFP As published in Rethinking65 June 30, 2022 – You cannot control market behavior, but you do hold sway over how you manage taxes, which reduce investment returns on portfolios and are often compounded by state taxes. Determining the optimal tax deferral strategies depends on your income, net-worth and estate planning objectives. […]
Mallon FitzPatrick in FA Magazine
June 21, 2022 Principal and Managing Director, Mallon FitzPatrick was featured in Financial Advisor Magazine discussing how “High- And Ultra-High-Net-Worth Clients Require an Innovative Approach.” Mallon said, “Not all high and ultra-high-net-worth and family office clients are receptive to wealth planning, at least initially.” Read the full piece here: https://bit.ly/3b9LKCZ
Mallon FitzPatrick in Financial Advisor
Mallon FitzPatrick was featured in Financial Advisor discussing “Tax Changes Could Spell Trouble For Clients Who Pay Domestic Staff.” “Household staff, whether babysitters, nursing aides, gardeners, or housekeepers, are often paid in cash and employees are expected to self-report their income,” says FitzPatrick. Read the full piece here: https://bit.ly/3atQ3sB
Mallon FitzPatrick in Financial Planning
Mallon FitzPatrick was featured in Financial Planning discussing “How financial advisors can help clients with retirement by planning early.” Read the full piece here: https://bit.ly/3FDmyQJ
Converting to a ROTH? You May Want to Think Twice
By Mallon FitzPatrick, CFP April 27, 2022 – If clients know one thing about the difference between a traditional individual retirement account (IRA) and a Roth IRA, it’s typically that the former enables “tax-deferred” contributions while the latter is designed for “after-tax” contributions. Simply put, if you believe your income tax rate is going to […]
Securing a Strong Retirement Act of 2022
April 6, 2022 – Last Tuesday, the House passed the “Securing a Strong Retirement Act of 2022”, otherwise known as the SECURE Act 2.0. The bill passed with overwhelming bipartisan support and is expected to receive similar acceptance in the Senate. Click here for the main provisions of the Act. We will continue to monitor […]
P&C rates have soared: Here’s what you need to know
By Mallon FitzPatrick, CFP March 30, 2022 – Property and casualty (P&C) policies in high-risk areas popular among wealthy property owners have become unusually expensive and increasingly hard to get. That’s because a spike in major loss events such as tornados, torrential rains, and wildfires has left insurance companies with record pay-out amounts, and they […]