September 2019
to stay up to date on LPL Financial's weekly market & economic
5 Things You Need to Know to Ride Out a Volatile Stock Market
If you're an investor, dramatic moves in the stock market may cause you to worry about your money and question your investment strategy. The market's a volatile place with wide-ranging swings that can occur annually, quarterly and even daily. 

While big drops can cause uneasiness and concern, it's important to remember that volatility is a key part of investing and market fluctuations are normal. A well-balanced portfolio tailored to your goals and financial situation can help you maintain a long-term perspective and ride out the challenging times.

Click here for 5 Things You Need to Know to Ride Out a Volatile Stock Market.

If you have questions or concerns about the market and your portfolio, please don't hesitate to call our office at (518) 584-2555.
7 Ways that an Interest Rate Cut from the Fed Impacts Retirees
Last month, the Federal Reserve lowered interest rates for the first time in over a decade. While borrowers may have celebrated the cut, it may have put some retirees in a pinch.

Lower and continued low interest rates can make many retirement income strategies harder to pull off effectively. While modest rate cuts aren't going to change the picture too drastically, it is important to take a look at how the reduction may affect your wallet. 

Click here to see 7 Ways that an Interest Rate Cut from the Fed Impacts Retirees.
 Limit the Impact of
Grandparent-Owned 529 Plans
on Financial Aid
September is College Savings Month! If your child has a 529 plan from a grandparent and will be heading off to college soon, you're probably wondering how it will affect your child's financial aid.

There are a couple different strategies to consider when it comes time to completing the financial aid application. Click here for ways you can potentially
minimize the impact of having a grandparent-owned 529 account.

If you have questions about your child's 529 plan, please call our office at (518) 584-2555.
47th Annual 
Adirondack Balloon Festival

Join in the fun at New York's largest hot air balloon festival! The four-day event is the oldest and largest balloon event on the East Coast set against the backdrop of the beautiful Adirondacks. The festival takes place from Thursday, September 19th through Sunday, September 22nd. Admission is free!  Click here  for more information.

Robert Schermerhorn, CFP® Jamie Usas, CFP®,
Operations Manager
Amanda Friedman,
Wealth Consultant
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18 Division Street, Suite 305
Saratoga Springs, NY 12866
Phone: 518-584-2555

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Planning Tip
After years of contributing to tax-deferred 401(k)s and IRAs, income tax is due on that money when you take withdrawals in retirement.

Annual withdrawals from traditional retirement accounts are required after age 70 1/2, and the penalty for skipping a required minimum distribution (RMD) is 50% of the amount that should have been withdrawn.

If you're in a fortunate position and don't need the distribution for living expenses, you can avoid the income tax on your RMD by donating your money directly to a qualifying charity. 

If you're interested in learning more about donating your RMD to help minimize your taxes, please call our office at (518) 584-2555 to see if this strategy will work for you.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

T his information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

Securities & advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC