Will you outlive your retirement income? Are your financial expectations for the coming year realistic?
Our financial newsletters are designed to provide helpful information on a wide variety of financial topics. Simply click on one of the newsletter topics below to read the article in its entirety.
This article covers the contribution and catch-up limits for workplace retirement plans, including the less-common opportunity to make larger after-tax contributions.
Life insurance offers a way to make a substantial gift to charity while also benefiting from favorable tax rules.
Here are some things to consider when weighing potential tax moves before the end of the year.
Whether shopping online or hitting the mall this holiday season, these tips might help save time and money.
An umbrella personal liability insurance policy can provide additional coverage in the event of a high-dollar liability claim or legal judgment.
Setting up a retirement plan provides a way to help shelter more income from taxes and save money for the future.
The United States received almost one-third of all global foreign investment from 2021 to 2023. This article looks at how different types of foreign investment may impact the U.S. economy.
While yields are off highs not seen since before the Great Recession, investors might consider some of the Treasury security types and maturities outlined in this article.
Although 64% of Americans think having a will is important, only 32% have one. This article looks at reasons people don’t have a will and why they need one regardless of the reason.
Following a disastrous rollout last year, this article provides tips for submitting the redesigned Free Application for Federal Student Aid (FAFSA) for the 2025–2026 school year.
In 2023, large bank failures brought renewed attention to the risks banks take to earn money, the role of the FDIC, and the insurance that covers customer deposits.
The Fed’s first rate cut of one-half percentage point in four years marks a critical juncture for the economy, with significant implications for consumers, businesses, and investors.
Auto insurance premiums increased more than 18% between July 2023 and July 2024. This article outlines some steps that may help reduce premiums.
Life insurance needs change over time. This article presents five guidelines to help determine an appropriate amount of life insurance coverage.
Credit cards are being used more than ever. This article offers suggestions for choosing and using a credit card.
A strategy called pension maximization may enable a married pensioner to elect the higher payments of a single-life annuity while also providing for the spouse’s financial future.
While investors typically look at the nominal return on their investments, it’s important to understand the real return in order to target financial goals.
On August 5, 2024, the S&P 500 dropped 3% from its previous close but bounced back quickly. This article explains why investors would be wise to tune out the noise of market volatility.
The SECURE Act of 2019 dramatically changed the rules governing how IRA and retirement plan assets are distributed to beneficiaries.
This article offers eight quotes from successful investors, economists, and other insightful thinkers that may help provide perspective and focus for an investing strategy.
This article explains the basics of capital gains taxes when selling a home.
The average net worth of U.S. families surpassed $1 million for the first time in 2022, but wealth levels vary greatly by age, housing status, education, and income.
The National Association of Realtors is implementing new policies related to how real estate brokers are compensated. Here are some implications for buyers, sellers, and their agents.
The road to retirement is typically not a smooth ride. This article looks at five potential risks that can slow progress along the way.
This article explains how asset allocation and diversification can work together to help mitigate portfolio risk.
Scammers often prey on those who are most vulnerable. This article outlines common scams that target people who have lost a loved one.
Why do policymakers pay attention to how consumers are feeling, and what’s behind Americans’ lack of confidence?
This article discusses some unique characteristics of REITs, including how they can offer a consistent income stream and why changing interest rates can affect REIT performance.
This article looks at some of the demographic trends and economic challenges related to global aging.
Skyrocketing new vehicle costs and high interest rates could make leasing a cost-saving option. This article looks at the advantages and disadvantages of owning vs. leasing.
This quiz allows readers to test their knowledge of the ages related to key federal benefits and tax responsibilities.
If you earn money through a payment app or online marketplace, you may be affected by a new tax reporting requirement.
Most home improvements are not tax deductible, but certain types of projects might help reduce your tax burden in other ways.
529 plans and Roth IRAs can both be used to save for college. This article compares the features of these two saving options.
This article discusses why the values of U.S. commercial property and homes have performed differently and how lingering weakness in the real estate sector could affect the economy.
While traditional economic models assume that people make rational decisions, most humans don’t think like robots. This article summarizes some common biases that can influence financial decisions.
After filing last year’s tax return, it may be a good time to adjust income tax withholding. This article explains how to estimate and adjust withholding.
It’s important for affluent families to reassess their liability coverage periodically, to make sure it’s sufficient based on their finances, lifestyles, and the related risks.
The median age of the U.S. population rose to a record high in 2022, a demographic trend that has implications for the economy and government programs like Social Security and Medicare.
One in 10 Americans leases a storage unit. But for many, it may be worthwhile to let go of unneeded belongings instead.
This article looks at some of the reasons behind the inflation numbers, the likely effect on Fed decisions, and the potential economic impact.
In addition to the better-known Dow Jones Industrial Average and S&P 500 stock indexes, this article provides an overview of some stock indexes that are commonly used as benchmarks.
In July 2023, the Department of Education launched a new income-driven repayment plan for federal student loans called the Saving on a Valuable Education Plan.
This article explains environmental, social, and governance (ESG) investing and its potential effect on portfolio performance.
U.S. home values held steady in 2023, even as mortgage rates rose to the highest levels in a generation. What could the current state of the housing market mean for the broader U.S. economy?
Many people would rather not think about the consequences of aging in general, much less that they might eventually need to rethink their living situation.
Investing Internationally can help increase portfolio diversification and provide access to opportunities that may differ from those in the United States.
Naming a life insurance policy’s beneficiaries should be a relatively simple task, but there are some situations that can lead to unintended and adverse consequences.
Individual bonds and bond funds can both provide an income stream, but there are important differences. This article provides an overview of these two types of investments.
Being named as the executor of an estate is generally an honor but settling an estate can be a difficult and time-consuming job. This article provides an overview of typical executor responsibilities.
A family limited partnership is a legal agreement that enables business owners and their heirs to address succession, estate, and tax planning needs, all at once.
Purchasing a fixed annuity shifts the risk for future investment returns to the insurance company and could help create a pension-like income stream for retirement.
This article looks at the importance of productivity to the U.S. economy, possible contributing factors to the recent surge, and the prospects for an extended period of strong productivity growth.
This article presents the IRS’ cost-of-living adjustments for 2024 that affect contribution limits for retirement plans and various tax deduction, exclusion, exemption, and threshold amounts.
Couples who have opposite philosophies regarding saving and spending often have trouble finding common ground. This article offers some tips to learn to work with financial differences.
This article outlines the Federal Reserve’s three main objectives and provides the meeting schedule of the Federal Open Market Committee.
High-income participants will not be allowed to make pre-tax catch-up contributions to a traditional 401(k) or similar plan starting in 2026, but they will be able to contribute to a workplace Roth.
This article explains how a 529 plan can help a family save for college, including recent changes that have made these plans more flexible.
Credit may not be at the top of the list when it comes to retirement, but good credit can make a big difference for retirees. This article looks at some key factors that lenders consider.
This article provides an overview of four estate planning documents that almost everyone should have: a durable power of attorney, a medical directive, a will, and a letter of instruction.
This article explains why it may be better to use a credit card for certain transactions, as long as the bill is paid on time to avoid interest charges.
Despite tougher lending conditions and higher interest costs, many people who need capital for business purposes may need to borrow money. This article discusses some common financing options.
Life insurance can help replace much-needed income after the death of a provider. With the wide variety of policies available, it’s important to understand the basic types of coverage.
Does your income strategy beyond traditional retirement age include receiving a paycheck? This article looks at the advantages and disadvantages of working later in life.
Only 51% of workers or their spouses have tried to estimate the savings they would need to live comfortably in retirement. This article offers a simple worksheet to help calculate a savings target.
The SECURE 2.0 Act modified the rules for qualified charitable distributions to allow funding a charitable gift annuity or charitable remainder trust from an IRA.
With inflation cutting into consumers’ purchasing power, getting rid of a few unnecessary recurring charges could be a painless way to help balance the household budget.
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It's a momentous milestone to mark 25 years in business. As I reflect on the past 25 years since I took that leap of faith to start Baldassari Advisory, what comes to mind and what I feel above all else is a genuine sense of profound gratitude.
I'm grateful
for the wonderful clients who became friends and family
and vice versa whom I've had the pleasure of guiding through all
stages in life.
I've been fortunate to guide and witness first-hand the realization of
their life and financial goals, from growing businesses to purchasing
second homes to comfortably retiring. Participating in and celebrating
countless life events with my clients that span generations brings me
much joy. I'm also proud to share my business acumen with the business
owners and entrepreneurs I serve. I'm forever grateful for the
professional trust each client has in my fiduciary advice and
guidance, and I'm honored to know I'm one of the few people clients
call when making life decisions. These meaningful interactions
spanning nearly three decades with my clients and their friendships
are what I treasure most and find deeply fulfilling.
I'm grateful
for those who have partnered with me along the way,
providing their knowledge, experience and support.
Such a circle is my go-to 'village' of expanded expertise. These
experts allow me to provide and offer an even greater breadth of
knowledge in financial planning, estate planning, legal and tax advice
and accounting and lending services.
I'm grateful
for my parents.
Although I'm celebrating 25 years of Baldassari Advisory, the work
really started for me nearly 50 years ago when my parents honored me
as a young boy by regularly engaging me on what was going on in our
small family business, transparently sharing the good and the bad.
These conversations were instrumental in building my own business
acumen, a business vocabulary, perseverance, and an ability to work
through issues that inevitably arise in the real world. My parents led
and guided with compassion. They were true and honest role models who
made it clear that not everything goes perfectly all the time and
demonstrated that there are no straight lines in nature. My parents
led by example with integrity, integrity of character as well as
integrity of motivations. I proudly carry their lessons with me today
and remain forever grateful to my mom and dad!
I am most grateful to and for
Liliana, my wife of nearly 20 years.
Her boundless love and support are priceless, and she shared with me
my greatest and most cherished treasures - our three children,
Pierpaolo (16), Alessandro (13), and Valentina (7). These beautiful
children are the greatest responsibility of my life and bring me the
greatest joy! Our young princess and her brothers, who are already
young men, bring an immeasurable amount of love and joy to our family.
Their passion for school, their immersion in extracurricular
activities from sailing to learning languages, and their love of their
friends and family make me deeply honored to be their father.
I am also grateful for a life well-lived - the life of a client and friend whose passing in January at the age of 95 I continue to grieve. We began working together 23 years ago. Like many of my clients, she came to rely on my support far beyond financial advice, and I cared for her as if she was family. While this is the first time I experience the loss of a client and the deep sadness that accompanies this loss, I am at peace knowing that I was instrumental in continuing her legacy. We planned together in ways that enabled her to fund her grandchildren's college education and honored her wishes for her family's future. I am happy to continue working with her family as we grieve together.
Guided by this gratitude, and at this milestone 25th anniversary of Baldassari Advisory that is the perfect opportunity to bridge past, present and future, here's what I know for sure:
Whether we count the years in business as 25 or 50, I still consider myself “in training.” Life teaches me every day, and I learn every day with my clients, as we walk through life together. And, as we walk together, we acknowledge that life (and the path) is not linear, and we adjust along the way. What's important for the journey is hope and optimism, and I look forward to traveling together with you for another 25 or 50 years!