Wealth Planning Commentary – September 29, 2025
A Window of Opportunity: Home Energy Tax Credits Are Expiring Soon The end of the year is fast approaching, and with it, a significant opportunity for homeowners is set to expire. The One Big Beautiful Bill Act has accelerated the termination of several federal home-energy tax credits, meaning that 2025 is the last chance for […]
Wealth Planning Commentary – September 22, 2025
The Fed Cut Rates. What About Your Debt? The Federal Reserve has recently lowered its benchmark interest rate and hinted at two more reductions this year. This pivotal move carries implications that will influence the economy and, more specifically, your personal finances. One critical area to review now is the liabilities section of your balance […]
Wealth Planning Commentary – September 15, 2025
Lower Rates Likely Raise Your Insurance Premiums It is very possible that the Federal Reserve will lower interest rates this week, and this could potentially affect the premiums you pay for your property and casualty (P&C) insurance. The relationship between interest rates and insurance premiums isn’t immediately obvious, but it’s a fundamental part of the […]
Wealth Planning Commentary – September 8, 2025
A Love Story and a Financial Roadmap When you see a couple like Taylor and Travis in the news, it’s easy to get lost in the romance. The glitz, the glamour, the record-breaking stadium tours, and the Super Bowl wins—it’s all part of the modern fairy tale. But for a moment, let’s pull back the […]
Wealth Planning Commentary – September 2, 2025
Will Interest Rates Drop? How it May Affect Your Plan There’s increasing speculation that the Federal Reserve might start lowering interest rates later this year or next. While no one can pinpoint the exact timing, it’s helpful to consider how a lower rate environment could impact financial decisions related to housing, estate planning, taxes, investing, […]
Wealth Planning Commentary – August 25, 2025
Coping Financially After the Loss of a Spouse Losing a spouse is one of life’s most difficult experiences, and it can leave behind not only emotional pain but also a host of financial responsibilities. Amid grief, the idea of sorting through documents, accounts, and decisions can feel overwhelming. Having a plan in place before that […]
Wealth Planning Commentary – August 18, 2025
Did You Recently Inherit An IRA? The 10-Year Rule May Apply The SECURE Act reshaped how IRAs inherited after 2020 are distributed, and the so-called “10-Year Rule” now stands at the center of estate and retirement planning. Understanding these rules is essential, as they affect both the original account owner and those who inherit retirement […]
Wealth Planning Commentary – August 11, 2025
How Government Economic Data Impacts Your Plan The Bureau of Labor Statistics (BLS) has been in the headlines recently following the dismissal of its director over allegations of inaccurate employment reporting. The agency’s work is central to the economy, most notably through its monthly reports on employment growth and inflation. The accuracy of BLS data […]
Wealth Planning Commentary – August 4, 2025
What’s Happening to Renewable Energy Incentives? The One Big Beautiful Bill Act (OBBBA) is a sweeping piece of legislation, covering a wide range of tax and incentive changes. One area generating a great deal of attention is the significant shift in federal support for renewable energy. With OBBBA, there’s a clear pivot away from the […]
Wealth Planning Commentary – July 28, 2025
What Families Should Know about the New Trump Account Earlier this month, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law, which included a variety of new child-friendly tax provisions. Among them is a new child savings account called a “Trump Account”. While Trump Accounts may help some families on the margins, […]
One Big Beautiful Bill Act and Its Impact Webinar
Chief Economist Jeanette Garretty and Head of Wealth Planning Mallon FitzPatrick break down the impact of the One Big Beautiful Bill Act (OBBBA) on your financial plan.
Wealth Planning Commentary – July 21, 2025
Tactical Tax Planning: Navigating the OBBBA’s Key Provisions in the Near Term It’s critical to remember that while the OBBBA introduced a plethora of new tax changes, many of its most impactful provisions, particularly those offering significant deductions, are temporary. They are set to expire, predominantly by 2028 or 2029. This limited window underscores the […]