2021 Year-End Tax Planning Tips
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Access Insights Volume XIII
2021 Year-End Tax Planning Tips
Year-end tax planning may look different this year, pending new tax laws. Here are some strategies to consider.
Year-End Capital Gain Distributions
Mutual funds must make regular capital gain distributions to shareholders. Here's what to expect for tax planning.
Key Tax Numbers for 2022
Here are key tax numbers for 2022 to help you with your tax planning for next year.
Is Inflation Peaking?
You see the impact in your monthly budget. So why don’t the financial markets seem too concerned about inflation?
What You Need to Know About Open Enrollment for the Affordable Care Act
There's a short window to obtain coverage under the Affordable Care Act. Ensure you have the right health insurance.
Mike Chomiak Discusses a Moderate Portfolio with CityWire
The Moderate Portfolio is a great place to start when discussing investing. We spoke with CityWire to explain why.
COLA Increase Announced for Social Security
The Social Security Administration announced a substantial COLA increase for Social Security recipients. Will it make a difference?
Estate Planning Today Helps You Plan for Tomorrow
A surprising number of people leave no estate plan in place. It's important to plan so your heirs are protected.
Medicare Open Enrollment Tips
Medicare Open Enrollment runs from October 15-December 7. This is the time to make changes to your plan for 2022.
We Are Proud to Share the Accomplishments of Our Advisors
It is with great pleasure we announce that two of our advisors have earned new credentials.
7 Best Actions to Help Your Children Financially
We all want our children to be successful. Here are seven things you can do to help your children financially.
Want Financial Student Aid? FAFSA Season Opens on October 1.
October is the kickoff season for financial aid. Learn more about submitting the FAFSA form.
Tips for Handling Sudden Wealth
The idea of sudden wealth sounds exciting, but it can have some negative outcomes if not handled properly.
Student Loan Payment Pause Extended
There have been 4 student loan payment pauses since the start of the pandemic. This one is likely the last.
Tax Rules for Rental Income
Real estate can be a great investment. But there are tax rules for rental income to be aware of.
Are Health Savings Accounts Right for You and Your Financial Plan?
Are Health Savings Accounts Right for You? A Health Savings Account (HSA) is a tax-advantaged personal medical savings account that [...]
Is It the Right Time to Reallocate Your Insurance $$$?
As Baby Boomers approach retirement they often ask the questions: Should I continue to keep my life insurance policies? Should [...]
How to Cut Costs in Retirement
As you plan for retirement, it's advisable to identify where you can cut costs. Here are some pointers.
NJ College Affordability Act: What You Need to Know
College may become more affordable with the passage of the NJ College Affordability Act. Here's what you need to know.
Rules for Investing in the Stock Market
Speculating is on the rise. But it should not be confused with strategic investing. Here's the difference.
Should Couples Combine Finances After Marriage?
Are you wondering if you should combine your finances after marriage? Here are some tips to help you decide.
Long-Term Care May be Part of the Circle of Life
Long-term care may become necessary late in life. Reduce the burden on loved ones with some planning.
A Free Tool to Connect the Elderly with Special Services
Many older citizens need special services to assist them in their daily lives, including things such as transportation, meals, and [...]
Access Insights Volume XI
The ABCs of 529 Plans
529 plans are excellent tax-advantaged savings vehicles to help pay for college. Learn about their features and also potential drawbacks.
Year-Round Tax Planning Suggestions
With more tax law changes on the way, consider these questions to get ahead in your tax planning.
Debate Starts Over Capital Gains Tax
Capital gains tax proposals typically face long, uphill battles before becoming law. Don't be rattled by the current debate.
Record Retention Rules for Individuals
Record retention rules can be confusing. Here is some guidance on what you need to keep and for how long.
The 2021 Tax Filing Deadline Has Been Extended
The 2021 tax filing deadline has been extended. But not for everybody. Here's what you need to know.
American Rescue Plan Act of 2021
Find out what the third stimulus bill is providing (stimulus checks, expanded unemployment benefits, and more).
Access Insights Volume X
5 Changes to Financial Planning We May See in 2021
Every new President initiates change. This article discusses five possible changes that can impact financial planning.
Financial Aid Changes on the Horizon
The last relief package included several provisions related to education and financial aid. Here are some key highlights.
Medicare and Employer Health Coverage
You're eligible for Medicare! But what if you're still working and have health insurance? Here are your choices.
Supercharge Your Resolutions by Making Them SMART!
The new year is a popular time to set resolutions. Here are tips to help you achieve your financial goals.
Second Stimulus Package Update
The second stimulus package includes a spending bill for 2021 and stimulus checks for individuals. Here's what you should know.
Congratulations to our Five Star Wealth Manager Award Winners
We are proud of our senior wealth advisors for receiving the 2021 Five Star Wealth Manager Award.
Retirement Planning By the Numbers
There are certain ages that are significant when planning for retirement. Here are some milestone ages to be aware of.
Required Minimum Distribution (RMD) Rules Have Changed for 2020
The rules for 2020 Required Minimum Distributions has (temporarily) changed. Don't take your RMD until you read this.
Access Insights Volume IX
#GivingTuesday
#GivingTuesday is about giving back. Here are some ideas to help you make a difference.
NJ Property Tax Relief Program Updates
You may be eligible to receive property tax relief from the State of NJ. Here's what you need to know.
Social Security Benefits Will Increase 1.3% in 2021
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3% in 2021.
Record GDP Growth Rate Announced
The GDP is experiencing record growth. But GDP growth can be complicated.
Important Updates to the Senior Freeze (Property Tax Reimbursement Program)
There's some positive tax news for seniors this year! The 2019 Senior Freeze Program will be fully funded. Learn more.
Budgeting for Retirement
When retirement is near, budgeting is critical. It could mean the difference between enjoying your retirement, and outliving your money.
August 31 is the Deadline to Roll Back RMDs
Did you take an RMD before the CARES Act passed? There's still time to roll back your withdrawal.
What You Need to Know About the NJ Pension Exclusion
Where you will live is one of the most significant retirement decisions you will make. Is NJ right for you?
Avoid These Pandemic-Prone Mistakes When Planning for Retirement
Planning for retirement, especially during a pandemic, can be stressful. Avoid these retirement planning mistakes to ensure you achieve your [...]
Deciding if an Intrafamily Loan Makes Sense
On June 10, the Federal Reserve announced that it is unlikely they will raise interest rates until 2022. This is [...]
Tax Alert: NJ/NY Estimated Tax Payments Due Monday
On March 21, the Treasury Department directed the IRS to postpone the tax filing deadline from April 15 to July [...]
May 29 is 529 Plan Day
May 29 highlights the benefits of investing in a 529 College Savings Plan. Learn how a 529 Plan can help [...]
What to do with Your 401(k) Plan After Unemployment
Few life events are more stressful than a job loss. If you or someone you know is in this situation [...]
A Word About Stimulus Checks
A Word About Stimulus Checks Are you eligible for a stimulus check from the Treasury Department? As of Friday, April [...]
Clarity is the Key
Investors and advisors around the world are always striving to understand the markets, hoping to use educated logic to anticipate [...]
How the CARES Act Impacts Required Minimum Distributions
What is The CARES Act? The CARES Act, signed into law on Friday, March 27, is a relief bill for [...]
New Jersey Extends Tax Filing and Payment Deadlines
New Jersey has extended the State income tax filing deadline and the corporate business tax filing deadline from April 15 [...]
The CARES Act and You
On Friday, March 28, President Trump signed the CARES Act into law. The CARES Act is an economic stimulus package [...]
New York State Extends Tax Filing and Payment Deadlines
New York State has extended the April 15, 2020 due date for filing personal income tax and corporate tax returns. [...]
Beware of COVID-19 Scams
COVID-19 scams are running rampant, targeting the elderly, individuals with pre-existing conditions, and low-income Medicaid recipients. The fraudulent sales pitches [...]
Getting Close to Retirement? Here’s How to Prepare Your Portfolio in a Volatile Market.
The stock market, after eleven years of unprecedented growth, has officially transitioned into a bear market. A bear market is [...]
Federal Filing Date Extended (Tax Alert Update)
On Saturday March 21, the Treasury Department and IRS extended the due date for filing Federal income tax returns for [...]
IRS Provides Some Tax Relief
On March 18, the Internal Revenue Service issued Notice 2020-17, Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic, [...]
The Facts About Income Tax
Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. The tax [...]
What to do During Times of Extreme Market Volatility
As I was sitting down to write this article, I received an email from a younger client of mine with [...]
Our View on the Coronavirus and How it is Impacting Markets
The Coronavirus has dominated the news cycle of late, and markets are clearly reacting to the news because the outcome [...]
SECURE Act Webinar Recording Available Now
There is a high likelihood the SECURE Act will affect your retirement and estate planning. Passed into law in December [...]
Webinar: How the SECURE Act Changes Your Retirement and Estate Planning
There is a high likelihood the SECURE Act will affect your retirement planning. The Setting Every Community Up for Retirement [...]
A New Decade Brings New Insights and a New Communication Schedule
Once a month, we send out Access Insights, an electronic newsletter that summarizes all of the blog posts that have [...]
Three Advisors Named 2020 Five Star Wealth Managers
Join us in congratulating Howard Milove, Howard Hook, and Darren Zagarola for winning the 2020 Five Star Wealth Manager award! [...]
An Important Tip to Help Avoid Check Fraud
As if it’s not hard enough to remember to write the new year on your checks, now authorities are warning [...]
Access Wealth Recognized as a Future 50 RIA by Citywire USA
We are proud to share that Access Wealth has been selected as a Future 50 RIA by Citywire USA. The [...]
What You Need to Know About the Recently Passed SECURE Act
On December 20, 2019, Congress passed, and the President signed the “Setting Every Community Up for Retirement Enhancement Act,” better [...]
Year-End Tax Planning Tips for 2019
The Tax Cuts and Jobs Act of 2017 (TCJA) made significant changes to practically everyone’s Federal income taxes beginning in [...]
Thank You for Supporting our 2019 Food Drive
As a way of celebrating the Thanksgiving and Holiday season, we hosted a food drive to benefit the Community FoodBank [...]
Should You Consider a Medicare Advantage Plan?
Now is the time (October 15-December 7) that the 64 million Americans on Medicare must decide whether to stay on [...]
Access Wealth Hosts Food Drive
If you would like to contribute to this year’s food drive to support the Community FoodBank of New Jersey, please [...]
Why it’s Important to Have a Financial Plan and Update it Annually
Research by Charles Schwab shows that three in five Americans live paycheck to paycheck, and only one in four have [...]
Here’s What the Fed Rate Cut Means
This past Wednesday, the Federal Reserve lowered the target for the Federal Funds rate by a quarter of a percentage [...]
Howard Hook Joins Forbes Finance Council
Howard Hook has been invited to join the Forbes NY Finance Council and be a regular contributor to Forbes.com Community [...]
Access Wealth Proudly Supports Cranford Jaycees
Access Wealth is proud to support the Cranford Jaycees. We sponsored a hole at their Annual Golf Outing, which set [...]
Darren Zagarola Elected President of the Board of Directors of Princeton Adult School
Congratulations to Darren Zagarola on being elected President of the Board of Directors of the Princeton Adult School. Darren is [...]
Adrian Rodriguez Joins the Access Wealth Team
It is with great pleasure we announce that Adrian Rodriguez has joined the Access Wealth team as a full-time Analyst. [...]
Congratulations to Adrian Rodriguez on Graduating Cum Laude
Congratulations to Adrian Rodriguez on graduating Cum Laude from William Paterson University. Adrian is accomplished academically and personally. He is [...]
Access Wealth Welcomes William Paterson University Students
On Friday, May 3, 2019, Access Wealth proudly hosted its second Financial Planning Day for 12 William Paterson University Cotsakos [...]
Adrian Rodriguez Wins Second Prize in William Paterson University’s 2019 Pitch Tank Competition
We are proud to share that Access Wealth’s finance intern, Adrian Rodriguez, has won second place in William Paterson’s eighth [...]
9 Common Mistakes to Avoid in Retirement
You’re heading to the finish line – retirement is approaching, or maybe you’ve already retired. You’ll want to steer clear [...]
Tax Bill Update (The SECURE Act)
In December 2018, there was a new tax bill working its way through Congress. Called the “Retirement Savings and Other [...]
Teach Your Children Well
Does your teenage or college age child work part-time? If so, one of the best things you can do as [...]
How to Donate and Still Benefit
For most people, charitable giving involves writing checks to the charities of their choice. However, changes in the tax law, [...]
Access Insights Volume II
What Does Retirement Mean to You?
As you progress through youth and middle age, retirement moves from being a vague abstraction to an impending reality. How [...]
Inside Access Wealth’s Investment Philosophy (A Citywire RIA Interview)
We were flattered to be interviewed by Citywire Registered Investment Advisor magazine. They asked Portfolio Manager, Mike Chomiak, to describe [...]
Why Asset Allocation Still Makes Sense
Have you ever heard the saying “Slow and steady wins the race?” When it comes to investing and building your [...]
New Year – New Look – Same Us!
But better looking! We are marking our 30th year in business with a branding refresh that better reflects who we [...]
Three Changes to Retirement Accounts You Should be Aware Of
Lost in all the tax law changes that went into effect this year were several changes made to IRA and [...]
Tax Bill Alert
Don’t look now but another tax bill is working its way through the House Ways and Means Committee. If passed [...]
Howard Milove is a 2019 Five Star Wealth Manager Award Winner
We are pleased to announce that Howard Milove, CPA, PFS, has won the 2019 Five Star Wealth Manager award! By [...]
Don’t Forget your RMD
When it comes to retirement accounts such as Individual Retirement Accounts (IRAs), 401(k)s and 403(b)s, there are two magic ages [...]
The IRS Tax Withholding Tables May be Inaccurate. Here’s What You Need to Know.
Typically, when a tax law is passed that changes the marginal tax rates, the IRS issues new tax withholding tables [...]
Access Wealth Raises Money for Local School
Six employees of Access Wealth and their family members ran in the OAS/BS 5K Run on November 4. The money [...]
Leo Chubinishvili Joins the Access Wealth Advisory Team
It is with great pleasure we announce that Levan “Leo” Chubinishvili, CFP® has joined the Access Wealth advisory team as [...]
Health Insurance – Know your Options and Get Covered
According to a study published in the American Journal of Medical Health, people who lack health insurance have a 40% [...]
Single Parent Finances: Six Tips to Find Financial Success When It’s All on You
When it comes to single parent finances, being a single head of household can wreak havoc on your finances, your [...]
“To Retire or Not to Retire” is the Question
The baby boomer generation consists of 78 million people, all born between 1946 and 1964. Every day 10,000 more in [...]
Charitable Giving Under the New Tax Laws
I’ve been having more conversations lately with clients about charitable giving. While I have found many to be very generous [...]
Best Defense from Scams? Common Sense.
Over the past year, we have received many calls from clients about different types of scams. Fortunately, most have been [...]
Showing Employee Appreciation!
Here at Access Wealth, we value our employees and the effort they make every day. Throughout the year, we find [...]
Single Parents – Five Choices for Success
In 1960, among all households in the U.S. with children under 18, 1 in 8 were not headed by a [...]
Access Wealth Sponsors Golf Outings
Access Wealth sponsored a hole at the Cranford Jaycees Annual Golf Outing in May, as well as the Veterans Day [...]
Where Do You Plan to Live in Retirement?
Whether you are approaching retirement or have already retired, you have probably thought about your options regarding residential living in [...]
Howard Hook Elected to HomeCare Options Board of Directors
Howard Hook, CFP®, CPA, a senior wealth advisor with Access Wealth (as well as its sister company EKS Associates), was [...]
Do You Suffer from Chrometophobia?
Surveys have reported that two-thirds of Americans admit to being subject to financial fears, and as many as one-third say [...]
It’s All About Creating the Right Balance
Doctors tell us in order to stay healthy we need to eat a “balanced” diet. Families struggle to find the [...]
Darren Zagarola Elected to Princeton Adult School Board of Directors
Darren Zagarola, CFP®, CPA, PFS, a senior wealth advisor with Access Wealth (as well as its sister company EKS Associates), [...]
Estate Planning: Important for Families at Any Age
Estate planning has always been considered an integral part of one’s financial plan. However, there’s been a misconception that it [...]
Roth Conversions and the New Tax Law
Roth IRAs have been around since the Tax Payer Relief Act of 1997. During that time, the use of the [...]
IRAs and 401(k)s: To Roth or Not to Roth
The Roth IRA was created in 1997 and quickly became popular. One of the main differences between it and the [...]
Access Wealth Supports Local Basketball Team
Access Wealth is proud to support the NJ Blast and AAU Basketball.
Make Sure You Get All the Facts
Has anyone ever told you that you are paying too much for your car? The conversation goes something like this: [...]
Don’t Neglect Your Risk Management Portfolio
While most people may be concentrating on saving for retirement, putting their kids through college, or buying that second home, [...]
Social Security System is Not Going Away
Retirement security and protection against the risks of disability and premature death are among the most important challenges families face [...]
Making the Most of Your Social Security Benefits: A Strategy for Widows
Elizabeth (name changed) contacted her financial advisor after her husband passed away earlier this year. One of the important issues [...]
Webinar Looks at Impact of New Tax Law
The biggest tax overhaul in more than 30 years will have a long-lasting impact on American families, changing the way [...]
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