Quarterly Commentary July 2022

Balancing Act Equity markets declined sharply in the second quarter, with the S&P 500 Index falling by 16.1%. When combined with the negative equity market returns in the first three months, the broad market has suffered its worst first half since the Nixon administration. Selling pressure was driven by a host of factors but could be more narrowly attributed to[...] Continue reading

How to Survive A Recession

Our Insights on a Volatile Market Watch as Fort Pitt Capital Group’s Chief Investment Officer Dan Eye breaks down the anatomy of a financial recession and provides insights on how your savings can survive its impact. We will cover a range of information: What is a recession? Are we in one? What can I do to mitigate loss? When is the right time to pull my[...] Continue reading

Orchids to Retirement: Why Diversification Breeds Success

Watch Fort Pitt Capital Group explore why diversification works so well to sustain everything from your savings to nature itself. We will look at diversity in nature through the lens of the ever-fascinating orchid and compare it to the lessons we’ve learned in finance. Fort Pitt Capital Group will discuss what a sound, diverse portfolio is, how to achieve it, and why[...] Continue reading

Webinar: Estate Planning Advice for the Retired And High Net Worth

When is the best time to gift your house to someone? What tax situations will your children run into with a gift from you? What can you gift a child while still alive? Our recent webinar on estate planning for retirees and high net worth individuals answered all of those questions and many more. Brad Newman, our lead investment advisor in Harrisburg, moderated the[...] Continue reading

Intro to SECURE Act 2.0

The SECURE Act 2.0 is an update to 2019's original SECURE Act — or the Setting Every Community Up for Retirement Enhancement Act. The first version of the SECURE Act brought numerous changes to required minimum distributions (RMDs), traditional individual retirement account (IRA) contributions, annuity offerings, and 529 plans. The SECURE Act 2.0 seeks to[...] Continue reading