Coronavirus
Social Security Changes & Adjustments
Published May 1, 2020 6182 Views
It seems many people we talk to tend to believe that when they reach retirement, Social Security will be dried up. Behind the scenes, the Social Security Administration (SSA) are adjusting the program to get this under control. To help you understand these changes, here is a reminder of how the SS...
Reviewing Rochester’s Public Companies
Published April 27, 2020 7991 Views
The greater Rochester-area has several publicly traded companies right in our own backyard. While some names remind us of the prior lifeblood of the local economy – Xerox or Kodak – there are several companies that have replaced them as our dynamic economy continues to adapt to the times. Constellat...
Employer Sponsored Retirement Plans - What to do with your plan if you lose your job
Published April 23, 2020 6425 Views
Unemployment claims have skyrocketed over the past month. Many folks are without a job for the first time in their careers—this can be an overwhelming time. Being left without your job can leave you detached from your 401k, 403b, or 457 plan. If this has happened to you, there are several options: l...
Frontier Files for Chapter 11 Bankruptcy. What Does This Mean for You?
Published April 16, 2020 8177 Views
Frontier, originally Rochester Telephone Company, filed for Chapter 11 Bankruptcy this week. Frontier provides TV, internet, and phone services to both business and residential customers across 29 states. Current service to these customers should be uninterrupted, though there may be a decline in cu...
Covid-19 relief checks won't have to be repaid
Published April 15, 2020 6346 Views
The government began issuing the one-time payments this week, and some of you may have been checking your statements this morning and have noticed that they have already been deposited electronically into your account. Most adults who earned up to $75,000 will see a $1,200 payout, while married coup...
April 2020 Newsletter
Published April 14, 2020 6063 Views
When planning a newsletter that will be distributed in early April, tax filing deadlines and last-minute IRA contributions are topics worth hammering home. It’s safe to say by now, this is no ordinary April and that 2020 is no ordinary year. COVID-19 has brought much uncertainty into our lives, and...
How to Stay 401(k) Smart in the COVID-19 Economy
Published April 10, 2020 6121 Views
At the close of the market on 4/7, the S&P 500 was up 19% from its March 23, 2020, low, but it’s still more than 20% below its February high. Volatility has been the economic norm of COVID-19. That being said, what, if anything, should you do with your 401(k)? Here are some common questions with unc...
Estate Planning: How We Can Help You Transfer Your Values Alongside Your Wealth
Published April 8, 2020 6031 Views
There’s this lingering myth of “old money families” where wealth is easily passed from generation to generation. But studies have shown wealth attrition to be more common, as bad investment decisions, mismanagement and dilution of assets between heirs eats into the family fortune.
Overcoming the...
Where are we now
Published April 3, 2020 6172 Views
Well, that seems to be the question we all want answered. From our perch we are working through it, both on the financial and the healthcare sides. In our last post we believed it would get worse before it gets better on the healthcare side, and unfortunately it seems we were correct. The Coronav...
Covid-19 Brighton Securities Proceedures
Published March 23, 2020 6056 Views
In light the Governor Cuomo’s recent Covid-19 workforce reduction announcement, which lists banks and other related financial institutions as essential businesses, Brighton Securities will be remaining open, but our doors will be locked. We will maintain our standard hours of operations; however, we...