How to Manage Sudden Wealth

Whether you’ve received a large inheritance or won the lottery, staying alert and informed is important when you have gained sudden wealth. Rather than spending the money all at once or immediately investing it, you should be thorough and thoughtful about how you spend it and reserve your wealth. This guide explores what to do with sudden wealth and how to make the[...] Continue reading

How to Calculate Your Net Worth

Calculating net worth is essential for businesses and individuals. It's how you determine your monetary value, considering your assets and liabilities. Fort Pitt Capital Group helps families and business owners manage their finances to grow their net worth. In this article, we'll cover net worth, how to calculate it, and why knowing your net worth is important. You can[...] Continue reading

What to Do When You’ve Inherited Wealth

Inheriting often causes a mixture of emotions because you've lost a loved one and received a parting gift. Beyond feelings, there are several intricacies surrounding inheritance, including paying taxes in certain situations, deciding what to do with what you inherited and honoring the memory of a loved one. Making these decisions can be particularly challenging during[...] Continue reading

Test Your Financial IQ: Your Guide to Financial Literacy

A recent global financial literacy study by Standard and Poor's reveals that only 57 percent of US adults are financially literate. Since April is Financial Literacy Month, we put together a word list to help you become more familiar with common financial terms and test your financial IQ. Having a better understanding of the jargon from the financial world is a step[...] Continue reading

How to Set Your Child Up for Financial Success

If you search the internet for financial education articles about “money lessons,” there’s list after list of lessons you need to learn by a certain age or rundowns from individuals about what they wish they had learned about money when they were younger. These financial information catalogs cover everything from saving and investing to compounding interest.[...] Continue reading