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The Extra Mile

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.

Zack Marcotte, Financial Advisor, Berkshire Money Management

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?

Bill Schmick, Managing Director and Portfolio Manager, Berkshire Money Management

Bill Schmick, Managing Director and Portfolio Manager

A family client of mine, led by an 82-year old widow and grandmother, gave me an opportunity to really reach out beyond just business. Over time, I grew to know the family and this lady rather well, and had come to appreciate our conversations.


Insights & Advice

Your expenses change with your age

Traditionally, many financial planners have used the income replacement ratio to determine how much money you will need to fund your retirement. The age-banding approach is an innovative strategy chosen due to its increased accuracy and lower initial money required to create an income stream throughout a 30+ year retirement. A hypothetical retirement will be divided into three separate periods. A different investment mix with different amounts of risk taken is then used for each period. Separating expenses into various bands allows your financial planner to develop a plan with both improved accuracy, and outcomes. Age banding is a relatively…


Covid-19 impact is coming home to roost

It began Sunday night with a warning from one of America’s largest icons. Through the week, other companies followed suite, issuing warnings that the China-spawned virus is beginning to impact revenues and profits. Investors are bracing for further announcements in the days ahead. Now that the Covid-19 virus has been spreading out through the world for more than three weeks, some companies are beginning to get a handle on at least some of the damage they will incur to their businesses as the virus persists. Apple was the first major company to warn investors that their iPhone sales in China…


Can politicians’ promises be believed?

As the 2020 presidential election campaign heats up, so do the promises. Lower taxes for some, higher taxes for others, better healthcare, higher Social Security payments; whatever it takes to get elected seems to be on the table for now. But most politician’s promises are made to be broken. Once the candidate becomes the president, reality sets in and the blame game starts.  “The House is against me.” “The Senate won’t cooperate.” “The deficit is too large.” “Spending is out of control.” The list of excuses goes on and on. Truth be told, Donald Trump has come the closest to…


Current News: February 26, 2020 Will coronavirus have a lasting impact on stocks?

Dalton — The physical impact of the coronavirus (a.k.a. COVID-19) is immense. And I don’t mean just the symptoms or the death toll of the virus. Businesses in China are struggling, with many workers unable to reach their factories and offices, disrupting global supply chains. The boost we were hoping to get from the signing of Phase I of the U.S.-China trade pact has all but evaporated. Listen, I am no infectious disease doctor. I won’t even try to suggest that I know anything about the likelihood of the coronavirus going global and becoming a pandemic. Currently I am investing...

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