How Do You Replace an Income Stream During Retirement?

As you prepare for retirement, you may be looking forward to some deserved time for relaxation, travel, and hobbies. Determining how to replace an income stream so you can fully enjoy your retirement is an essential step in the process. How to Finance Your Retirement You can take several steps to prepare financially for retirement: Calculate your expenses:[...] Continue reading

Retirement Savings Beyond a 401(k)

Written by: Nathan Boxx, AIF®, CFP® | Director of Retirement Plan Services Maxing out your 401(k) Profit Sharing and want to save more? If you are: A business owner, executive, part of a physician’s group, etc. 50 years or older Consistently maxing out your 401(k) at $61,000 plus $6,500 Then it is time to consider a cash balance plan. What Is a Cash[...] Continue reading

Market Update May 11, 2022

As we outlined in our early-year outlook commentary and presentations, we thought 2022 would be a “reset” year for equity markets. The extraordinary returns investors enjoyed over the previous three years left equity valuations high and markets susceptible to unforeseen outcomes – such as – more persistent inflationary pressures, surging bond yields, and[...] Continue reading

What Is Long-Term Investing?

Long-term investing is the process of distributing money across a diverse set of assets. The investor commits to their portfolio for an extended period — usually at least a year — and adds to the investment over time as part of a carefully crafted financial plan. Candidates with enough money set aside to start a portfolio are excellent options. Why Long-Term[...] Continue reading

Compliance Corner: Name Trusted Contact to Help Protect Against Elder Abuse

Financial elder abuse is frightening and not something many people expect to deal with or plan for. At Fort Pitt, we're fiduciaries, which means we act in our clients’ best interests. After the recent amendments to FINRA Rule 2165, we want to reach out to you again to encourage everyone to set up a "trusted contact" with their custodian (e.g., Charles Schwab, Fidelity,[...] Continue reading