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The Extra Mile

Zack Marcotte, Financial Advisor

A client told me he had recently changed jobs and asked if I would roll over his 401(k)—into an existing Roth account. I asked if he knew whether his original 401(k) had been a traditional, or a Roth. Was he sure?


Peter Coughlin, Executive Director

Two of our clients, a husband and wife on the West Coast, are successful entrepreneurs raising three beautiful children. Their oldest child is a freshman in high school and an elite athlete, traveling the United States and Canada playing hockey.


Scott C. Little, Vice President

Last Thanksgiving, a client emailed me, asking to transfer funds to another account of hers—electronically. But we can’t do that by email. So, I let her know I’d need to call her.


Insights & Advice

The ‘Fed put’ is dead

“Is this it? Is this the start of a 10-15 percent correction?” asked Dana, a client of mine. At the time of the question, the S&P 500 was down just about 5 percent from its recent high. Trying to sound empathetic and not cavalier, I shrugged and said, “Maybe.” I gave her the stats — that type of garden-variety, 10-percent correction happens about every year-and-a-half. The last such drop was 16 months ago. So, sure, we’re “due” for a correction. Following each previous such stock market decline, prices returned and achieved higher highs. Stock prices have been able to do…


A new female Fed

Just before Martin Luther King, Jr. Day, President Biden announced three new nominations to the Federal Reserve Bank Board, two of which are women. If the U.S. Senate approves, women would then account for most of the Federal Reserve Bank’s seven-member board. Lisa Cook and Sarah Bloom Raskin, if confirmed, would join Lael Brainard, who President Biden picked as vice chair, and Michelle Bowman, who is already a board member. In addition, Lisa Cook would be the first Black woman on the board. Women are still in the minority, however, if you include all the Federal Reserve Bank’s regional presidents,…


The biggest problem for small businesses is no longer the labor shortage

The biggest problem facing small business owners is no longer the labor shortage — it’s inflation. That is according to a December 2021 survey release by the NFIB Research Foundation. Shortly after the release of this survey, inflation clocked in at 7 percent over the past year, the highest measure of the Consumer Price Index (CPI) since 1982. In reaction to this problem, I suspect that the Federal Reserve will combat higher prices of goods and services. Up until now, the Fed has been comfortable letting inflation run above its target of two percent. A month ago, I predicted “at least…


Current News: January 27, 2022 Crypto crashes (again)

While investors focus on the losses that are piling up in the stock market, the cryptocurrency space has suffered far more. The bears say it has further to go, but that may depend on what happens to stocks. Bitcoin, the grand daddy of crypto currencies, is trading around $38,400 per coin as of January 25, 2022. It has suffered a 50% decline since its record high in November 2021. Ethereum, the second most popular coin, has dropped from almost $5,000 to $2,400. In total, the combined crypto market has lost $1.4 trillion over the past week. At one time, crypto...

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