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WALSH & ASSOCIATES BLOG

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law December 2019 to boost retirement planning. Some of its key provisions gave small businesses easier access to tax-advantaged retirement savings plans, allowed part-time workers to participate in these plans and pushed the required minimum distribution age from 70 ½ to 72. But this retirement enhancement act…
Social activities may be on pause, but your personal finance isn’t. Lifelong learners can expand their financial know-how while stuck at home by taking our financial literacy classes—now online! Walsh & Associates CEO and wealth advisor Joe Walsh will cover some of his favorite financial topics in the classes, which are hosted by Adult & Community Enrichment (ACE), a program…
Walsh & Associates CEO Joseph Walsh Jr. was named among the 2020 Financial Times 400 Top Financial Advisers in the country. Members must have more than 10 years of experience, at least $300 million in assets under management (AUM) and rank highly in six areas including: AUM, asset growth, compliance record, years of experience, industry certifications and online accessibility. This is…
Walsh & Associates CEO Joseph Walsh Jr. was ranked among the Forbes Best-In-State Wealth Advisors 2020. Advisor rankings are based on quantitative and qualitative factors such as quality of assets under management; client retention and other client-related data; “best practices” within the advisor’s practice and approach to working with clients; and credentials. The Forbes Best-In-State Wealth Advisors 2020 spotlights more…
Joseph Walsh, Jr., is once again presenting financial literacy classes through the Sarasota Financial Forum, a lecture series sponsored by Walsh & Associates through Adult & Community Enrichment (ACE) at Suncoast Technical College. A program of Sarasota County Schools, ACE provides lifelong learning opportunities to meet the changing needs of the Sarasota community. Joe is a volunteer instructor, so all…
There are millions of children in the United States receiving Social Security benefits. In 2017, a whopping 4.2 million1 children were receiving benefits. The total for these benefits? Over $2.6 billion each month. As large as those numbers sound, there are actually many more children that are eligible for these benefits but are not actually receiving them. And this isn’t…
Walsh & Associates CEO Joseph Walsh Jr. was named to the 2019 Financial Times 400 Top Financial Advisers. Members must have more than 10 years of experience, at least $300 million in assets under management (AUM) and rank highly in areas of AUM growth rate, compliance record, industry certifications and online accessibility. When Walsh entered the field of Finance, he…
A client approached us recently with this question: We’re saving money for our daughter’s college education, but she’ll still need a scholarship. What effect will a 529 Savings Plan versus an UTMA have on her eligibility for financial aid? That’s a great question, and one not many parents think to ask. Here’s a breakdown of how these accounts are factored…
Do you have company stock through a plan with your employer? If so, don’t miss out on a possible tax planning strategy utilizing a net unrealized appreciation (NUA) strategy. NUA is often misunderstood and/or overlooked. Here are some things you should know about NUA, and how it can benefit you when it comes to taxes.  Net Unrealized Appreciation Net unrealized…
Let’s face it – taxes aren’t fun and, although sometimes helpful, neither are the articles written about them. Now that the pressure of the 2017 tax season has come to an end, we thought we’d share something a little more lighthearted for our animal loving readers. What Deductions Can You Get From Your Pet? Do you have an animal that…
You’ve heard this cautionary tale before: a lucky soul inherits a new wealth – from the lottery, from family, from fame – only to squander it before their retirement. A sudden influx of wealth can be both an incredibly joyous and stressful experience. In fact, there’s even a stress-related disorder known as “Sudden Wealth Syndrome” that can come with newfound…
Losing a spouse is a stressful transition. And the added pressure of having to settle the estate and organize finances can be overwhelming. Fortunately, there are steps you can take to make dealing with these matters less difficult. Notify others When your spouse dies, your first step should be to contact anyone who is close to you and your spouse,…
The Social Security Administration (SSA) recently released an internal audit1 that was conducted to determine if adequate efforts were made to inform widows and widowers of their option to claim survivor’s benefits. The results showed the answer was a resounding, “No.” The audit showed that a large majority, 82 percent, of beneficiaries who are entitled to receive survivor benefits initially…
If you didn’t already know, anyone with earned income can have a Roth IRA….including children! That’s right, there is no minimum age in the tax code to be qualified for a Roth IRA. All that is required is reportable earned income, and the contributions to the Roth cannot exceed that income. Let’s be realistic though – not many children are…
It’s probably no surprise to hear that most senior citizens in America would prefer to live out their days at home. According to an AARP Research Center study1, 87 percent of adults 65 or older want to stay in their current home as they age. Unfortunately, many times circumstances don’t align so that aging in place is a feasible, or…
[SARASOTA, FL/ DEKALB, IL] — [February 14, 2018] — Joseph Walsh, Jr., an independent LPL Financial advisor at Walsh & Associates in Sarasota, FL and DeKalb, IL today announced his inclusion in LPL’s Executive Council. This premier award is presented to less than 1% of the firm’s approximately 15,000 advisors nationwide. “On behalf of LPL, I congratulate Joseph Walsh, Jr.”…
Men and women may not be on equal footing when it comes to investing for the future. On average, women work fewer years and earn less than men, but they also tend to live longer.1 Therefore, women must focus on the concerns that are unique to them when planning for retirement. Women Don't Invest Differently ... Unfortunately, some negative stereotypes…
According to the College Board1, the average cost of college for 2017 was $34,740 at private colleges, $9,970 for in-state residents at a public college, and $25,620 for out-of-state residents at a public college. No matter how you look at it – it’s not cheap. A possible solution? A designated education savings account could be the way to go. But…
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