Walsh Logo New 1 Gray no background

Client Login
Comprehensive Wealth Management
IL: 815-748-2130 • FL: 941-952-1188






WALSH & ASSOCIATES BLOG

Until now, if you took a distribution from your employer sponsored plan, such as an IRA or 401(k), with the intention of making a 60-day rollover, but missed the deadline, the tax impact could be devastating. In most cases, the rollover would become invalid and you end up with a distribution that counts as a taxable event. But in a…
Escheatment is the process by which a state government assumes ownership of unclaimed or abandoned accounts. Its intended purpose was to help handle situations in which the owner of an account had died and had no heirs or beneficiaries – but it has evolved into something more complicated. After a specified period of inactivity, which for many states is only…
Risk and investing go hand in hand – no matter how safe you think your investments may be. A good investor will try to minimize their risk as much as possible without also reducing their potential rewards – but even the wisest investors must face the occasional downfall. What exactly is risk? It is any uncertainty in your investments that…
When saving for your child or grandchild’s college education, there are several types of education savings accounts to choose from. Three of the most popular college savings accounts are Uniform Gift to Minors Act (UGMA)/ Uniform Transfer to Minors Act (UTMA) accounts, 529 College Savings Plans, and Coverdell Education Savings accounts. Each type has specific rules, laws and taxes associated…
For most people, a living trust can be a helpful estate planning vehicle with numerous benefits – including avoiding probate court at death and incapacity. But if not careful, a small mistake can keep your trust from working the way it was intended. These mistakes can lead to costly probate proceedings or even a transfer of your estate to the…
When giving to a charity, you want to be smart and effective with your charitable contributions. One way to do that is by using a donor advised fund (DAF). A donor advised fund is a charitable investment vehicle that is sponsored by a public charity. One potential benefit of a DAF – your charitable contribution is eligible for an immediate…
While you may think all ties have been severed between you and your ex, one link may still exist – and that’s your Social Security benefits1. Depending on if you meet the 5 necessary criteria, you may be entitled to up to half of your ex’s benefits if they are higher than your own. Choosing to take your benefits as…
Whether they’re good, bad, or somewhere in between, there are certain life events that should have a financial plan. According to a study done by the Retirement Income Industry Association (RIIA), households that regularly get advice before making a financial decision fare better than those who rarely or never get advice1. The study, done over a ten year period, looked…
After two years of work, the Bipartisan Policy Center (“BPC”) has released a 146 page report1 jam-packed with ideas on how to improve our nation’s retirement plans. The report goes over everything from improving workplace retirement savings plans to modernizing the Social Security program – and we can tell you right now, high-earners are not going to like the changes. Strengthening…
Though relatively unknown, there’s a law on the books that could put adult children in a situation that jeopardizes their savings. If your parents live in one of 29 states or Puerto Rico that has filial responsibility laws, you could be held legally responsible for their care. That means should your parents not have the financial resources to take care…
Although it’s something most of us would rather not think about, there is a good chance that you will need some form of assistance after the age of 65. In fact, according to the U.S. Department of Health and Human Services, 70% of people turning age 65 can expect some form of long-term care in their lifetime. Most people have…
As economic times change and people begin to live longer, it’s becoming more and more common for workers to continue working through retirement. In fact, the 16th Annual Retirement Survey put out by Transamerica Center for Retirement Studies found that 51% of people plan to keep working in retirement1. Luckily, the Social Security system allows you to earn income while…
– Exclusive Event Held This Year at St. Regis Monarch Beach, Dana Point, CA – –Brings Together Top LPL Financial Advisors Serving Affluent Families and Institutional Clients – Sarasota, FL – May, 2016 – Walsh & Associates, an independent wealth management firm announced today that Joseph Walsh, Jr., CEO Wealth Advisor and Joseph Walsh, III, Wealth Advisor of Walsh &…
As much as we wish it wasn’t true, there are some common mistakes we see over and over again that people make with money. But it’s not necessarily surprising - according to Standard & Poor’s Ratings Services Global Financial Literacy Survey, only 57% of U.S. adults are considered financially literate1. That means 43% of the United States population does not…
While the task of organizing your financial records may seem like a tedious and unappealing afternoon-long chore, we highly recommend taking the time to do so. Keep in mind, your recordkeeping system doesn’t have to be complicated. As long as you understand it and can maintain it, that’s good enough! Here are some guidelines to follow to make the organization…
Walsh and Associates will be participating in the Money Smart Week coordinated by the Federal Reserve and Northern Illinois University from April 23rd through April 30th as part of The Financial Literacy Collaborative.  All of the classes are free, no obligation, and are open to the public.  An RSVP is requested.  Please call 941-952-1188 or email This email address is being protected from spambots. You need JavaScript enabled to view it. to confirm. See…
For those of you who have already filed your taxes – well done, you’re ahead of the game! But we have a strong feeling some of you have yet to file. Do you know what to expect when filing your 2015 taxes? There are some changes this year that may affect your return. So whether you’re filing yourself or using…
  1. How big of a benefit is it really?It would cost a 66 year old man approximately $575,000 to purchase a joint life immediate annuity that generates $2,000 per month in income with 3% cost of living increases according to a CANNEX quote I ran in 2015. Social security can be one of your largest assets and getting it…
Page 4 of 5

Stay up to date on the Market and Economy with our E-Newsletters

Please let us know your name.
Please let us know your email address.

Invalid Input