We Provide a Safe Place to Talk About Your Money

Welcome

At Berkshire Money Management, our experienced advisors actively monitor your investment portfolio. We aim to protect your assets and effectively manage your portfolio so that you can realize your financial goals. We also provide financial and retirement planning (including rollovers), financial solutions for college, estate planning, business valuation and other important financial services. Come visit our historic offices in the Berkshires and chat with one of our advisors–and say “Hi” to our pups!

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.

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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?

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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.

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Insights & Advice

Fringe benefits are as important as your paycheck

Most of us know to the penny how much we made last paycheck, but how many of us know the details of our fringe benefits? Not many, I suspect, and that is a big mistake. Retirement benefits are available to 77% of private industry workers and 91% of state and local government employees as of March 2019, according to the Bureau of Labor Statistics. Back in the day, offering perks to workers was a way to stand-out from your competition, but today they are essential tools of recruitment.  And countless studies have shown that these benefits are a means to…

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Will record highs beget record highs?

As third quarter earnings wind down, the Fed cut interest rates again this week. Since both events seemingly matched investor expectations, what, then, will investors worry about in the coming months? As predicted, the S&P 500 Index hit a modest new high this week based on the central bank’s one quarter-point cut of the short-term Federal Funds interest rate on Wednesday. Robust earnings from certain favored companies, like Apple and Facebook, also helped sentiment and so the averages ground higher. “You would think,” said one miffed investor, “that after two years trapped in a trading range, we would have had…

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NCAA up against the ropes on college pay for athletes

This week the Board of Governors of the National Collegiate Athletic Association (NCAA) met at Emory University in Atlanta to hear the pros and cons of allowing athletes to accept money for endorsements. It has been a long time coming. This is an issue that has been around for as long as I can remember, but it has only been the recent moves by certain states, as well as the Federal government, that has forced the NCAA to at least acknowledge that the status quo is no longer working for them or for their students. It is currently illegal for…

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Current News: November 8, 2019 Phase One deal keeps markets bullish

It was all about the trade deal this week. Both sides seem to want a resolution to the crippling tariffs that have sent the world’s economies to the brink of recession. The relief that investors feel is reflected in the new highs we are enjoying at the moment. I say “at the moment” because anything can change with a Tweet. However, given the mounting problems of the Trump presidency, I believe he needs something positive (and fairly soon) to divert the nation’s attention away from the impeachment hearings next week. Trump appears willing to drop, or at least roll back,...

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