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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

Want to predict tomorrow’s stock market? Watch corporate insiders today.

It’s a fool’s errand to try and stick the landing and call the end of a bear market down to the exact day. Nonetheless, on February 7, 2022, this fool argued that there was a six-in-10 chance the stock market would bottom on May 22, 2022. I’m dying to find out if I’m right (or close to being right). If I am wrong, the stock market is in for a world of hurt. I assigned a two-in-10 chance that the stock market would drop 20% by September 2022. If the downdraft continues, in part, it will be because investors expect…


Turning lemon returns into lemonade in the S&P 500

From Point A to Point B, the S&P 500 stock market index is essentially flat from roughly one year ago. That’s the good news. I mean, it ain’t great news, but that still leaves the index up about 35% from two years ago. But still … ugh! The S&P 500 stock market is off to its worst start to a new year since 1939. From peak to trough, it’s been down 17.8% (possibly more by the time you read this). Talk about leaving a sour taste in your mouth! When the stock market drops, it’s an opportunity to sell investments…


Interest-only mortgages are risky in a rising interest rate environment

Over the past decade, as interest rates declined, some homebuyers gravitated towards interest-only loans. However, times are changing, and borrowers should be careful in considering this kind of mortgage loan. During the past two years, many financial lenders have tightened credit standards across most loan types. The combination of the Coronavirus pandemic, supply shortages, inflation and the impact of the Ukraine war has created a drag on the U.S. economy.  A slowing economy increases the risks of lending, thus tighter standards emerge. Fannie Mae and Freddie Mac, the two government-sponsored enterprises that back most mortgages, exclude interest-only mortgages. And while…


Current News: May 26, 2022 The wealth effect impacts consumer spending as inflation and interest rates climb

Understanding the wealth effect Economists know that consumers spend more when their wealth increases, even if their income remains the same.  However, if wealth decreases, the opposite occurs. The concept, known as the wealth effect, has spurred the economy for well more than a decade as savers’ 401(k)s and other retirement accounts increased year-after-year. At the same time, real estate values have also risen. Of course, most of the time these gains are only paper profits unless you sell your house or withdraw money from your portfolios. Nonetheless, there is a behavioral element to this concept. People tend to spend...

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