Category Archives: Financial Planning / Investments

As an investor, you can easily feel frustrated to see short-term drops in your investment statements. But while you cannot control the market, you may find it helpful to review the factors you can control.

Many forces affect the financial markets, including geopolitical events, corporate profits and interest rate movements – forces beyond the control of most individual investors.

In any case, it’s important to focus on the things you can control, such as these:

• Your ability to define your goals. One area in which you have total control is your ability to define your goals. Like most people, you probably have short-term goals—such as saving for a new car or a dream vacation—and long-term ones, such as a comfortable retirement. Once you identify your goals and estimate how much they will cost, you can create an investment strategy to help achieve them. 

Over time, some of your personal circumstances will likely change, so you’ll want to review your time horizon and risk tolerance on a regular basis, adjusting your strategy when appropriate. And the same is true for your goals. They may evolve over time, requiring new responses from you in how you invest.

• Your response to market downturns. When the market drops and the value of your investments declines, you might be tempted to take immediate action in an effort to stop the losses. This is understandable. After all, your investment results can have a big impact on your future. However, acting hastily could work against you. 

By David Cumming, CFP, RICP, CRPS

In today’s dynamic market environment, some investors may be looking beyond stocks and bonds for other options for investing their money. This search for other options may lead to alternative investments. 

Alternative investments are investments outside the stock and bond markets, and may include real estate, private equity, hedge funds, digital assets, and may include investments offering to these financial instruments such as cryptocurrencies, commodities, precious metals and art or collectibles. 

These types of investments tend not to be correlated to the performance of stocks and bonds, and may offer the potential for higher returns, but typically with higher risk.

Here is an overview of what you need to know before investing.

Potential upsides of alternative investments:

• Potential reduction in overall volatility. Since their performance are historically low to moderate correlation with market indices, alternative investments may help to reduce overall volatility within a portfolio of traditional investments.

• Diversification. Alternative investments typically help provide diversification across different markets, strategies, managers and investment styles.

• Potential for increased performance. Like any investment, the rate of return for alternative investments is not guaranteed. However, according to a study called “The Rate of Return on Everything, 1870-2015,” which looked at performance across 16 advanced economies over a period of 145 years, residential real estate provided the best returns.

By Stephen Kyne, CFP

During times of economic uncertainly and market volatility, we are often reminded that fear is generally a greater motivating factor than greed. It is during these times that prognosticators of doom gain traction, and individual investors make unwise choices out of fear of losing it all. 

While nobody can be certain of what the future holds, we can look to the past for clues and, in doing so, temper our reaction.

Downturns, like the one we are experiencing, generally signal a change in market leadership supported by structural changes in our lives. 

At the beginning of the pandemic, we saw a decline in stock indices of about 30 percent as the economy shut down, and investors had to survey the landscape for opportunities. It quickly became apparent that the pandemic was going to last longer than most expected, and that meant the closure of brick-and-mortar shops, restaurants, and offices. The only way the situation would be tenable would be to shift huge parts of our lives online.

For months, you could buy a bicycle from Amazon, but not from Joe’s Bike Shop. The huge and almost instantaneous structural shift favored large national retailers with a strong online presence, and sufficient ordering and distribution channels. 

It favored companies that allowed us to remain productive in our occupations from anywhere. It favored restaurants that already had online ordering, and forced others to catch up or perish. An entire generation that largely feared technology was forced to adopt it in order to check in with their doctors. We were fed endless options for streaming entertainment.

by Andrea Harwood Palmer

Sherry Finkel Murphy, CFP, ChFC, RICP, private wealth advisor of The Atrium Financial Group, has relocated its downtown office to 11 South St. in Glens Falls.

“This endeavor has been several years in the making. It will be a huge benefit to clients and business owners,” said Finkel Murphy.

Finkel Murphy was looking for just the right space. Plans were delayed because of the COVID pandemic, but she found what she was looking for at the Empire Theatre Building. The space needed renovations for what Finkel Murphy had in mind.

“There is a dearth of office space in Glens Falls. I am very fond of the building. It is in the heart of Glens Falls, and in the heart of the new Glens Falls in the making,” said Finkel Murphy. “It’s a beautiful office space. Clients are stopping by frequently. It’s nice to give them a space locally so they don’t have to drive down to Albany,” she said.

“Establishing the Adirondack office of the Atrium Financial Group in downtown Glens Falls is a reflection on our commitment to the multiple generations of business in this community. And what an awesome community it is. It’s a great place to live, work and play simultaneously,” said Finkel Murphy.

She is the lead advisor  for the company in the Adirondacks. She also leads the Women’s Practice of the Atrium Financial Group. Of the firm’s six CFP  practitioners, three are women.

By Jennifer M. Boll, Esq.

In the last several months, we have seen the drastic impact of the COVID-19 crisis on our health, way of living and the economy. While these times may feel uncertain, there are still many factors in your control and even opportunities for those who seek them out. This is especially true as it relates to your estate and tax plan.

The current environment of low interest rates and depressed asset values presents several unique estate planning opportunities for individuals to make the most of their hard-hit assets and leverage the transfer of wealth and business interests.  There are a few items to consider.

BY JEANNINE DUBIAC, FPC

Employers be aware. The IRS has updated the 2020 Form W-4 Employee’s Withholding Certificate.

This new version of the W-4 form is required for all new hires in 2020 and for employees who want to make a change to their withholding for 2020. Employees hired prior to Jan. 1 are not required to submit a new form.

This new 2020 W-4 form will look different! There is no longer the ability to select withholding allowances to account for additional income, deductions and tax credits. The new form include lines where employees can enter those amounts directly that will be used in calculating the withholding amount.

By James Marco

I find it exciting that more and more conversations and news stories are talking about re-opening the economy.  I know that I’m ready to get back “out there” and start meeting people again.  I have my PPE and I’m ready to go.

Maybe you have been able to keep your business open, or maybe you have been able to keep your folks busy while working remote. If you have been shut down, then re-opening has some challenges that you’ll need to address.

This piece won’t focus on all of the legal requirements for re-opening. All the rules that were there before the pandemic still apply (Fair Labor Standards Act, Title VII, OSHA to name a few), as do some new rules under FFCRA, the CARES Act, and others.

By David L. Cumming
In the years approaching retirement, you should be thinking about whether your current plan puts you in the best position to achieve the lifestyle you envision for your golden years. For many people, the years leading into retirement are a time of not only eager anticipation, but also serious contemplation about what must be done to achieve their goals.
There are five key factors to consider when planning your retirement strategy.