Tax Filing and Payment Extension
The IRS extends tax filing and payment deadlines from April 15 until July 15.
Three Things to Think About Going Into 2020
1. BRACE FOR MARKET VOLATILITY Stock fluctuations could make 2020 a rollercoaster year. AMG believes economic growth next year will be slightly above trend, but the first six months might be choppy, making markets vulnerable to sharp corrections. Also, America will hold a presidential election in November, and pundits and politicians will most certainly try…
Socially Responsible Investing: Voicing Your Opinion with Your Wallet
QUESTION: I am worried about the world my grandkids will live in and want to invest in companies that are really trying to make a difference. How can I do that? ANSWER: After almost a decade of economic and market improvement, many investors are looking for ways to use their wealth to improve the world…
Assisting Adult Children Financially Requires Care
QUESTION: My adult children aren’t as well off as I am, and I want to help them out financially. How much should I help them, and how can I best give to them? ANSWER: Children’s ages and income potential all play factors, so parents should carefully consider how such help will affect their kids emotionally…
Reduce Your Stress by Planning for Long-Term Care
QUESTION: Should I have long-term-care insurance or just plan on paying for it myself? ANSWER: Long-term care is one of the most difficult topics in wealth management. Talking about death is uncomfortable for most people, and positively scary for others. It’s also a daunting task, full of difficult choices. Costs vary greatly depending on the…
Elder Trusts Can Give You & Your Heirs Peace of Mind
QUESTION: I’m getting up there in years, and I’m worried that I might make a bad financial decision in the future and squander my children’s inheritance, or impair my ability to take care of my own needs. Should I establish an elder trust that safeguards my assets while giving me a fixed monthly allowance? ANSWER:…
Pick a Trustee You Can Trust
QUESTION: I want to set up an irrevocable trust to take care of my needs as I age, and I need to pick a trustee. What should I consider? ANSWER: A trustee has many responsibilities, one of which is making distributions from the trust to you, the beneficiary. Many people want their children or a…
Post-Retirement Feelings of Insecurity
QUESTION: I have a big retirement fund, so why don’t I feel secure now that I’m in retirement? ANSWER: Retirement can be difficult for productive people who have been saving and investing most of their lives. Taking money out of savings, instead of putting it in, feels irresponsible. It can take several years to get…
Considering a Move to Save on State Taxes?
Now that the federal deduction for state and local taxes is gone, should I consider changing residency from my high income-tax state to one with lower or no state taxes?
Sustainable Investing at AMG
Sustainable investing allows investors to align their values with their investing.