Cobblestone Asset Management

As the Holidays approach, the pressure to spend can quickly add up. With credit card balances already high across the country, let’s avoid adding to that number.?Set a budget and stick to it – avoid letting impulse purchases lead to potential post-holiday debt.? ? Let’s enjoy a financially healthy holiday season! Consider alternatives like Green Friday, or also known as "Buy Nothing Day." Enjoy items you already have or find creative ways to repurpose them for new uses. Perhaps, take some time to slow down just a bit and prioritize spending time with the people that matter most in your life. ? Limit shopping to intentional purchases and focus on making mindful investments. Saving now means you'll have more financial freedom later, so keep your spending smart this Black Friday!

As we approach the end of the year, here’s a friendly reminder about Required Minimum Distributions (RMDs). If you're 73 or older (or have inherited a retirement account), you are required to withdraw a minimum amount annually from your tax-deferred retirement accounts: IRAs, SEP IRAs, SIMPLE IRAs, or most employer-sponsored retirement plans (401(k)s, 403(b)s, etc.). Since contributions to these accounts were made pre-tax, the IRS requires that account holders start paying taxes on these funds through distributions each year. It is important to know: ·????????You do have to withdraw the funds from your retirement ·????????You do NOT have to spend the withdrawal You can seamlessly move the money from your retirement account to a non-retirement account, which satisfied the RMD and allows the money to continue to be invested. We are here to help! We diligently track RMDs each year to ensure that our clients avoid penalties. Please reach out to us if you have any questions about your RMD – whether you are a client of ours or not – we would be glad to help.

Rich is currently in meetings at J.P.Morgan, one of the world’s largest and most prestigious financial institutions, headquartered in the heart of New York City. Since their origins in the 19th century, J.P.Morgan has played a pivotal role in shaping both the U.S. and global economies. They continue to lead in national and global banking, delivering cutting-edge financial services while upholding their rich legacy of innovation, stability, and meaningful impact. We are proactively preparing for any potential shifts that may come with this new administration. Two days of closed door meetings should yield actionable investment ideas that we'll implement in our client portfolios. Markets can be volatile after elections, but staying focused on long-term goals is key. In the midst of this volatility, we'll be actively hunting for opportunities to both buy and sell various positions in the portfolio. Successful financial outcomes rely on steady, strategic approaches that prioritize growth and wealth preservation.

Rich is currently in meetings at J.P.Morgan, one of the world’s largest and most prestigious financial institutions, headquartered in the heart of New York City. Since their origins in the 19th century, J.P.Morgan has played a pivotal role in shaping both the U.S. and global economies. They continue to lead in national and global banking, delivering cutting-edge financial services while upholding their rich legacy of innovation, stability, and meaningful impact. We are proactively preparing for any potential shifts that may come with this new administration. Two days of closed door meetings should yield actionable investment ideas that we'll implement in our client portfolios. Markets can be volatile after elections, but staying focused on long-term goals is key. In the midst of this volatility, we'll be actively hunting for opportunities to both buy and sell various positions in the portfolio. Successful financial outcomes rely on steady, strategic approaches that prioritize growth and wealth preservation.

With the election in full swing and just days before voters head to the polls, it’s natural to get caught up in the news cycle and excitement. News outlets thrive on stories that stir emotions — it’s how they capture attention. That’s why we believe this is an opportune moment to step back and view presidential elections and financial markets through a broader lens. In the video below, Rich dives into the historical performance of the S&P 500 during each presidential term from FDR (1933) to the present. He also breaks down how the S&P 500 has performed depending on which political party controls the executive and legislative branches since 1950. No matter which candidate you hope to see in the White House come January, maintaining a calm and unbiased perspective on financial markets is key. Remember, U.S. markets have shown resilience over the long term, regardless of the party in power. Catch?our?brief 3-minute election commentary below!

The stock market rallied in Q2 around AI and hopes that the Fed will manage interest rates with inflation trending lower. #StockMarket #Investing #Finance #Economy #Q2Update https://lnkd.in/ezQ-_8wM

When considering a record keeping system for your business, you need to ask yourself some very important questions

How confident are you in the strength of your passwords? These days, one’s passwords are almost as important as the keys to your house. Check out these handy, current tips on crafting a secure password.

Settling an estate can be like putting together a puzzle. Make a cheat sheet for your heirs.

Assets minus liabilities = net worth. When was the last time you calculated yours? #MyNetWorth