2020 will see the biggest change to IRA rules in 50 years

The SECURE Act may make it heard for you and your beneficiaries to save money.

What would you do if suddenly you had to pocket an extra $70,760 of annual income? Smile for sure. But, you’d have to first pay income taxes on that money. Then, you could spend it or invest it. But what a shame. Before 2020, that money could have remained in a tax-deferred account and, with small […]


Thoughts on the economy

​Much has been made of the slowing global economy. I’ll comment on this, since I know several of you are concerned about the possibility of a recession. At the outset, just know that what we see happening thus far is part of a normal economic cycle. “Google it” There has been so much concern over […]


September 19 was a big day for me

Adam Hartrum, U.S. Marine

September 19th was a big day for me. It was the three-year anniversary of my buying Larry Bakerjian’s wealth management business. Not coincidentally, the 19th also marked the 21st anniversary of having fulfilled my Marine Corps duties and being honorably discharged. I mentioned having both anniversaries on the same day was not a coincidence. When […]





Let’s talk about Social Security correctly

Social Security is not ‘going bust,’ as the media would have you believe.

Every year, trustees of the Social Security trust funds issue an annual report. And every year, the media overreact and misreport to the American public what the trustees have to say. Here are a few headlines, which I feel are misleading: “The Social Security Trust Fund Goes Bust” — The Wall Street Journal, June 7, […]


What should you do about the Equifax data breach?

If you think there has been a breach into your accounts or your identity has been stolen, contact IdentifyTheft.gov for help.

Who is Equifax, and why are they in the news? Equifax is one of the leading consumer credit reporting agencies. Earlier this month, they announced a major loss of data. Hackers gaining access to Equifax data have left 143 million consumers vulnerable to identify theft and credit fraud. It’s hard to believe, but with this […]


How should family and friends help with 529 college savings plans?

Failing to consider how 529 college savings plans impact financial aid can result in a student missing out on valuable financial assistance.

  It’s summer. While this traditionally means kids in their late teens and early twenties are looking forward to weeks of sun and fun, it’s also the time when tens of thousands of young men and women across our country apply for financial aid to attend college. In the mounds of financial information that you’ll […]


Bonds in a rising rate world

How will a slowdown in the economy affect bond fund performance?

In March, the Federal Reserve Board raised interest rates. The increase of one quarter of one percent was only the third time in a decade that rates have gone up. Many economists believe that more increases are coming. The Fed itself has mentioned the possibility of further rate increases this year. There was a time […]