Financial & Estate Planning


The Mega Backdoor Roth IRA

By Thad Ismart  CFP©  Senior Financial Planner Have you heard of a “Mega Backdoor Roth IRA?” If not, you are about to.  The Mega Backdoor Roth IRA takes advantage of the fact that after-tax contributions to a 401k, 403(b), or other retirement plans are treated just like a Traditional IRA in a “Backdoor Roth IRA” (where you make non-deductible contributions to an IRA, then convert those … Continue reading

Index Funds 101

By Joseph Caputo  Chief Information Officer & Associate Portfolio Manager What is indexing? Indexing is a way of representing the change in value or the performance of a particular market or market niche over time. Indexes have been developed to represent virtually any market or market segment imaginable. Some of the most prominent stock indexes include the Standard & Poor’s 500 Composite Index (S&P 500), … Continue reading

Estimating Your Retirement Income Needs

By: Thad Ismart  |  CFP® Senior Financial Planner You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many … Continue reading

Reaching Retirement: Now What?

By Chris Kelly | CPA, CFP®, M. ACCY | Financial Advisor and Portfolio Manager You’ve worked hard your whole life anticipating the day you could finally retire. Well, that day has arrived! But with it comes the realization that you’ll need to carefully manage your assets so that your retirement savings will last.   Review your portfolio regularly Traditional wisdom holds that retirees should value … Continue reading

Considering an Offer to Retire Early: Should You Take It?

By Robert G. Carpenter   President & CEO What is it? In today’s corporate environment, where cost cutting, restructuring, and downsizing are the norm, many employers are offering their employees early retirement packages. As you near retirement age, you may find yourself confronted with an offer from your employer for early retirement. Your employer may refer to the offer as a golden handshake or a golden … Continue reading

Business Succesion Planning

By Brian Macmillan  Managing Director  Mergers and Acquisitions When developing a succession plan for your business, you must make many decisions. Should you sell your business or give it away? Should you structure your plan to go into effect during your lifetime or at your death? Should you transfer your ownership interest to family members, co-owners, employees, or an outside party? The key is to … Continue reading

Tax Planning For the Self-Employed

By Susan Horne  MST  Tax Associate Self-employment is the opportunity to be your own boss, to come and go as you please, and oh yes, to establish a lifelong bond with your accountant. If you’re self-employed, you’ll need to pay your own FICA taxes and take charge of your own retirement plan, among other things. Here are some planning tips. Understand self-employment tax and how … Continue reading

Exchange-Traded Funds: Do They Belong in Your Portfolio

by Joseph Caputo  Chief Information Officer & Associate Portfolio Manager Exchange-traded funds (ETFs) have become increasingly popular since they were introduced in the United States in the mid-1990s. Their tax efficiency and relatively low cost have attracted investors who like the idea of combining the diversification of mutual funds with the trading flexibility of stocks. BWFA uses a variety of individual securities as well as … Continue reading

Caring for Your Aging Parents

By Chris Kelly CPA, CFP®, M. ACCY   Financial Advisor and Portfolio Manager Caring for your aging parents is something you hope you can handle when the timecomes, but it’s the last thing you want tothink about. Whether the time is now or somewhere down the road, there are steps that you can take to make your life (and theirs) a little easier. Some people … Continue reading

Why Use a Professional Trustee?

by Joseph Manfredi MBA  Chief Operating Officer / Senior Portfolio Manager You use bwfa for professional financial planning, investment management, and or tax services- Why not include professional trust services to your important financial advisory services? When would you consider trust services? • Has there been a death of a spouse? • Do you have children? • Has a key family member become ill or … Continue reading

Next Page