News and Commentary

UPDATED Now is the Time to Review Estate Planning Documents by By Kathleen Marteney, CRPC®

Posted on May 13, 2020 by Kathleen Marteney

The COVID-19 pandemic has given individuals pause about their own mortality and their wishes for managing their affairs in the event they become too ill to make those decisions for themselves. During these times of uncertainty, it is wise to be proactive, take stock of your physical and financial health and determine how you wish […]

Relatable Finance Podcast Episode 43 – When Might the Economy Return to Normal?

Posted on May 12, 2020 by Joseph Karl

In this episode, the relatable finance guys discuss the various scenarios for the economy returning to normal.

Weighing the Choice between a Traditional IRA or a Roth IRA by Brendan Hayes

Posted on May 10, 2020 by Brendan Hayes

A Roth IRA is a unique retirement savings vehicle that allows eligible individuals to set aside money today for a potentially tax-free income stream in the future. Like a traditional IRA, a Roth arrangement allows individuals to make annual contributions of up to $6,000 in 2020, or $7,000 for savers age 50 and older. That […]

It May be Time to Start Thinking About a Hybrid Long-Term Care Insurance Policy by Scott Montgomery

Posted on May 05, 2020 by Scott Montgomery

One of the greatest risks to your retirement savings is your longevity. The longer you live, the more likely you will develop a chronic medical condition or disability that can impair your ability to take care of yourselves later in life. Without proper planning and saving for these circumstances, it is possible that the rising […]

UPDATED Rethinking Inherited IRAs After the SECURE Act by Lee F. Hediger

Posted on May 01, 2020 by Lee Hediger

The SECURE Act’s elimination of stretch IRAs poses a challenge to many high-net worth account owners who had hoped to pass their savings to the next generation and allow inheritances to continue growing tax-free over beneficiaries’ lifetimes. Under the law, non-spouse IRA beneficiaries must withdraw the entirety of inherited IRA accounts within 10 years of […]

Joining an Independent Broker-Dealer Can Strengthen Financial Advisors’ Capabilities, Help to Improve Client Services by Eric Zeitlin

Posted on May 01, 2020 by Eric Zeitlin

Gone are the days when large, institutional banks and wirehouses were the only ones with pockets deep enough to arm financial advisors with the tools needed to attract and retain wealthy clients. Today, independent broker/dealers and registered investment advisories associated with independent wealth management firms have access to a wide array of customizable strategies and […]

Relatable Finance Podcast Episode 42 – The Fed’s Actions During This Economic Crisis

Posted on April 28, 2020 by Shane Phillips

In this episode, the relatable finance guys explain the Fed’s recent actions on interest rates and what it is trying to achieve.

Provenance Wealth Advisors’ Chief Investment Officer Todd Moll Ranks on Financial Times’ Top 400 Financial Advisors List

Posted on April 16, 2020 by Todd Moll

FT. LAUDERDALE, FL – April 16, 2020 – Provenance Wealth Advisors’ Chief Investment Officer Todd Moll, CFP®, CFA, has been named to the Financial Times annual list of the top 400 financial advisors in the country for the fifth year. Financial Times ranks advisors with more than 10 years of experience and $300 million or […]

Relatable Finance Podcast Episode 41 – Coronavirus and the Economy

Posted on April 14, 2020 by Joseph Karl

IN this episode the relatable finance guys share their perspectives on how coronavirus is impacting the economy.

Provenance Wealth Advisors’ Chief Investment Officer Todd Moll Recognized Again by Barron’s for Sixth Consecutive Year

Posted on April 10, 2020 by Todd Moll

FT. LAUDERDALE, FL – April 10, 2020 – Provenance Wealth Advisors announced that Barron’s has once again named the firm’s chief investment officer and director Todd Moll, CFP®, CFA, to its annual list of top 1,200 financial advisors in the country for the sixth consecutive year. Up from No. 18 in 2019, Moll is No. […]

UPDATED – IRS Extends Federal Tax Filing, Payment Deadlines to July 15 By Robert Mark Weiss, CFA

Posted on April 03, 2020 by Robert Weiss

Individuals and business owners facing a sea of challenges responding to the COVID-19 pandemic, received some welcome relief from the IRS in the form of a federal income tax filing and payment extension. On March 21, the IRS delayed the 2019 federal income tax filing and payment deadlines to July 15, 2020. This move gives […]

Weighing the Tax Risks and Rewards of Gifting Assets to Heirs During Life by Brendan T. Hayes

Posted on April 02, 2020 by Brendan Hayes

Gifting assets to family members or other beneficiaries during your life not only helps to establish your legacy for future generations, but it also provides an opportunity to reduce the size of your taxable estate. However, before making any gifts, it is important you consider how certain assets will be treated differently for tax purposes […]

UPDATED – COVID-19 Stimulus Package Provides Penalty-Free Relief for Retirement Savers, Retirees and Plan Administrators By Sean Deviney, CFP®*

Posted on March 31, 2020 by Sean Deviney

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act), signed into law on March 27, 2020, offers individuals the ability to tap into their retirement savings plans, including IRAs and 401(k)s, to access needed funds without incurring early-withdrawal penalties. This relief is similar to the way in which the IRS lifts restrictions to defined contribution […]

Relatable Finance Podcast Episode 40 – ESG Investing

Posted on March 24, 2020 by Shane Phillips

In this episode the relatable finance guys break down the pros and cons of investing with environmental, social and corporate governance priorities.

Disaster-Relief Loans Available to Small Businesses Impacted by COVID-19 by Todd A. Moll, CFP®, CFA

Posted on March 19, 2020 by Todd Moll

Federal and state governments have announced relief programs to help the nation’s 30 million small businesses suffering financial hardships in the wake of the novel coronavirus (COVID-19) pandemic. Federal Aid The Economic Injury Disaster Loan program, managed by the Small Business Administration (SBA) in tandem with U.S. state and local government, will offer up to […]