Recently, the IRS announced that the tax deadline has been extended to July 15, 2020 from the usual deadline of April 15th. Anyone filing a federal income tax return for the 2019 tax year is eligible for this extension. This is also true for your PA state taxes. If you…
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Charlie’s Finance Articles March 2020
We are in the midst of a very unique and unprecedented time as countries all over the world deal with COVID-19. For that reason, the topic is consuming this month’s list of finance articles, but this pandemic is impacting so many different facets of life that this list is still…
Understanding Negative Interest Rates
We’ve been hearing a lot of talk about negative interest rates this past week. In times of extreme stress, financial markets behave in extraordinary ways. The more volatile the stock market, for example, the more difficult it is to find rational buyers and sellers. Today we're seeing these same distortions…
Response to the COVID-19 Virus
March 26, 2020 As we are all aware, financial markets remain extremely volatile as investors continue to assess the medical and economic impact of COVID-19. As we have mentioned before, we are not epidemiologists, and are taking a very humble approach with our thoughts and views on the virus, and…
Doing some spring cleaning? Don’t forget about cleaning up your finances
Spring is just a few days away and that means people will be deep cleaning their homes, donating clothes, and clearing out their clutter. But this can also be a great time to make changes to your finances. We dug into the Fort Pitt Capital Group blog vault to bring…
The SECURE ACT: Impacts on small business owners and employees
If you work for or own a small business the new SECURE Act will likely impact you. As mentioned in our previous blog about the SECURE Act changes, there are now incentives for small businesses to create retirement plans for their employees. Employers with less than 100 employees who start…
The SECURE Act: How will this affect a retirement strategy?
As part of our SECURE Act series, we’re taking a look at how recent bill changes will impact individual investors and pre-retirees. Signed into law in December 2019, the SECURE Act has created a handful of new rules and regulations surrounding retirement accounts like IRAs, 401(k)s, and 529s. Individuals, as…
Special Offer for Tax Season
https://youtu.be/YlgO2pbuuu0 Do you have a mutual fund portfolio worth more than $500,000? If you do, you know the big annual tax bills can be frustrating - and expensive. What if you could substantially lower these tax bills? Fort Pitt Capital Group has a solution for you. We’re offering a free…
Coronavirus
The recent sharp decline in the U.S. stock market, which saw the S&P 500 slide as much as 15% in just seven sessions, resulted from fears that the impact of the COVID-19 virus (popularly known as coronavirus) could be deeper and longer lasting than previously thought. This view coincided with…
Charlie’s Finance Articles February 2020
Here are Fort Pitt Capital Group’s finance articles for February 2020: Our first article comes from The Wall Street Journal. “Why Invest? A 22-year-old’s tough questions about capitalism,” looks at why having a gloomy view of the future may not be warranted. In the coming decades, billions more people may…