Recently, we saw a significant increase in volatility. A few individual stocks had great fluctuations, due in part to a new wave of investors.  These young traders are opening stock accounts in record numbers and organizing trading campaigns through on-line messaging boards. We wanted to get the perspective of a young 20-year-old to look at…

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A condo has a home owners association (HOA) with Covenants, Conditions and Restrictions (CC&R’s) and bylaws in which the owners of a condo will need to follow.   Summary:   Review your Covenants, Conditions and Restrictions.  Review the last 12 months meeting minutes of the HOA.  Get the number of Primary Residence & 2nd home owners vs. rental…

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Naming your Beneficiaries: Avoid the Pitfalls  We get a lot of questions from people on naming beneficiaries to their accounts.  While the paperwork is relatively straightforward, it is important to pay attention to a few key areas to avoid some common mistakes.  Updating your will is not enough  Your beneficiary designations trump your will. Even…

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The Coronavirus Aid and Economic Security (CARES) Act was signed into law on March 27th.  While there are many details to work out in implementation, we wanted to run through a couple of the highlights with you.  We start with a few of the provisions that apply to everyone, including the rebate checks.  We follow…

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Important Update Coronavirus Update We Are Prepared and Ready to Help. As the situation with the coronavirus (Covid-19) continues to develop, we want you to know that your team at Leonard Rickey Investment Advisors remains ready to help support you.  In light of local health departments urging “social distancing,” we have implemented several measures of…

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Coronavirus worries officially enter the market as pessimism has shifted from the impact on China to the outbreak to other countries, like South Korea, Italy and Iran amongst others. The market contracted over 3% today (so far). It is important to note that, although uncomfortable, big drops are normal.  S&P averages more than five 2% drops…

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Important news regarding tax preparation for 2018 Did you make a Qualified Charitable Distribution (QCD) from your IRA in 2018? If you gifted to a qualified charity directly from your IRA in 2018 there are steps you need to take to make sure it gets reported properly on your taxes. You will receive a 1099R…

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This holiday season wouldn’t be complete without a quick discussion on the recent Tax Bill passage.  The Tax Cuts and Jobs Act (TCJA) of 2017 promises something for everyone.  For most individuals and couples, this bill is really just a tweak to the current system.  For Businesses and Corporations, this is a major change. To…

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Time is Running out for the SIMPLE Retirement Option  Are you considering starting a retirement plan for your small business?  Have under 100 people and want to make it easier to get them enrolled?  Then you only have a couple of days left to establish your SIMPLE Retirement plan.  They must be established by October…

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Last year, I joined the National Association of Personal Financial Advisors (NAPFA).  It is the country’s leading professional association of fee only financial advisors.  It requires substantial continuing education as well as adherence to a Code of Ethics and a yearly attestation to a Fiduciary Oath. It has been a tremendous resource for our entire Firm. …

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