The power of investing

According to a Harris Poll released in September, there is an interesting dichotomy when it comes to millennials and their financial habits. On one hand, the report shows millennials are off to a great start investing in their retirement accounts, saving more today than people did a decade ago. On…

Retirement preparation checklist

This year, October 18-24 marks National Save for Retirement Week, a national effort to raise public awareness about the importance of saving for retirement. The week presents an opportunity for individuals to reflect on their personal retirement goals and to make the appropriate adjustments needed to touch-up their growing nest…

Taking advantage of Roth conversions

For investors nearing retirement who may not need to tap into a traditional IRA account immediately, it’s important to consider alternative strategies for repositioning these assets to continue to grow. Last week, I discussed Roth conversion strategies with WSJ reporter Kelly Kearsley, and offered how these efforts can take advantage…

Bad money habits children inherit

Of all the knowledge and habits that children inherit from their parents, perhaps some of the most important skills that are passed down are financial skills, though they are not always good. How parents interact with money and practice their financial habits can have a profound impact on their children.…

RMD Rules & Regulations

It’s hard to believe that another year is almost behind us. Year-end means a number of things for us at Fort Pitt. One perennial concern for our retired clients and clients who have inherited requirement assets is the matter of Required Minimum Distributions (RMDs). A recent Pittsburgh Post-Gazette article in…