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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?

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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.

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Scott C. Little, Vice President, Berkshire Money Management

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.

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Insights & Advice

Gen Z takes on Wall Street

The brokerage firm Robinhood has been a pioneer, creating some of the biggest changes to the Financial Industry since Charles Schwab enabled the everyday investor to gain access to the stock market through low cost commissions in 1974. Robinhood makes it feasible for someone to start buying stocks with $10’s of dollars instead of $10’s of thousands of dollars. Zero commission trading, Robinhood was the first, and because of this, millions of millennial and Gen Z investors opened an account and started to buy stocks. This is great, Wall Street came to Main Street. Financial pundits have long ridiculed Robinhood—and…

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Our job is to remove uncertainty and drama

Real Money: Straight-up Answers with Berkshire Money Management DALTON — Come again? Did Allen Harris just say “furry babies”? That threw me for a minute, as I had assumed I was talking to a tough guy. Harris, 47, lives in the town where he grew up. People who know him say he’s in his element when hitting the “go” button on a new investment strategy, or hitting the weights or a heavy bag. But, ask the man, and Harris will tell you that his favorite place on Earth will always be “in my own backyard, playing with my dogs, Riley…

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Tic Tac market

  Dalton — The stock market often does whatever it must to frustrate the most people possible. Remember the other day, on June 11, when the stock markets dropped more than 5%? Yeah, no. Nobody does. One day, the world is ending, the following week and half and nobody remembers nuthin’. Not only was there little follow-through selling to the June 11 crash, but buyers stepped in to gain control of the action. At the time, I thought that might be the first 5% of an 8-16% decline, but absent a resurgence of COVID-19 that could keep businesses closed, we…

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Current News: July 1, 2020 IRS lets you save on taxes

(Note: The following is only important to you if you had to take a required minimum distribution, or RMD, in 2020. If that’s not you, save yourself 70 seconds and skip this first section). Dalton — My April 8, 2020, column shared with readers some actions they could take to benefit from the CARES Act. Today, let’s revisit an update to the Act. The information in that column included: Required minimum distributions are waived in 2020. If you’ve already taken RMDs this year, under certain conditions, you can return it. Today let’s look at an update to the CARES Act. On June 23, the...

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