The Massachusetts Securities Division, which oversees midsize and small advisors in Massachusetts, has asked advisors to put a policy in place for Trusted Contact for Diminished Capacity. This resulted from numerous cases investigated by the state where a person experiencing diminished capacity was the victim of fraud, often involving large withdrawals from investment accounts and …Read More

A recent change in the law regarding catch-up contributions for age 50+ higher income workers will take effect beginning in January 2024. As the law is written, an individual making more than $145,000 will no longer be eligible for a catch-up contribution to a tax-deferred 401(k). But that high-income worker can make a taxable catch-up …Read More

On Labor Day weekend, accounts at TD Ameritrade will move to Charles Schwab. In general, clients won’t need to take any action except create a login at Schwab so you can see your accounts. Please take the time to do this step when you receive instructions from Schwab. Account history, statements and tax information will …Read More

Last fall, storm clouds appeared on the horizon of the global economy. Economists predicted recession, stocks and bonds were down a lot from January 2022, high inflation and high mortgage rates darkened the mood of consumers. We were heading into a winter of discontent. Now? So far this year (through July 25) US stocks are …Read More

The failure of Silicon Valley Bank and Signature Bank caused a sharp sell-off in financial stocks with a smaller decline in US stocks overall. But after a brief downturn, US stocks overall nearly regained year-to-date highs, showing confidence in the overall economy to move through this concern about banks. When an adverse event happens, investors’ …Read More