Not long ago, some investors had yet to experience what it was like to weather turbulent markets. Even those who had, might have forgotten how scary it can be. This concerned us. So, to help people practice for scary days ahead, we published a fire-drill piece: “10 Things To Do Right Now While Markets Are […]
The term “novel coronavirus” is so new, some people have apparently wondered whether it is related to Corona beer. (It is not; it’s named after its crown-shaped particles.) And yet, how quickly it has grabbed global headlines. As the viral news has spread, so too has financial uncertainty. What’s going to happen next? Will it […]
What a year it’s been. Remember December 2018? As The New York Times reported at the time, “Stocks plunged in December [2018], posting their worst monthly loss since the financial crisis and the worst December since 1931 and the Great Depression.” It’s amazing how quickly memories fade and markets move on. Around this time last […]
On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement (SECURE) Act that will bring many important changes to the current retirement system. In addition, a second bill, the Taxpayer Certainty and Disaster Relief Act of 2019, has significant implications for certain retirement savers. Here is a summary […]
Sax Wealth Advisors invite you to listen to the Friends Talk Money podcast. Season one features hosts, Terry Savage, Rich Eisenberg from PBS, and Pam Krueger from MoneyTrack on PBS. Friends Talk Money is a conversational 20-minute weekly podcast aimed at people who are about to retire or already in retirement. On each episode listeners […]
Beginning in December 2016, the U.S. Federal Reserve (the Fed) had been gradually ratcheting up the federal funds rate, until it reached its December 2018 level of 2.25–2.50%. Effective August 1, 2019, that changed: The Fed lowered the federal funds rate by a quarter point, to 2.20–2.25%. Even though the announcement was not a huge […]
The New York Times Article, “Investors Are Usually Wrong. I’m One of Them” does a great job supporting Sax Wealth Advisors’ philosophy about not trying to outsmart the markets. Give it a read here: https://www.saxwa.com/app/uploads/Investors-Are-Usually-Wrong.pdf
MONDAY, JULY 15, 2019 — CLIFTON, NJ: Sax Wealth Advisors, a registered investment advisory firm and financial planning subsidiary of accounting, tax and advisory firm, SAX, is pleased to announce its inclusion on the 2019 edition of the Financial Times 300 Top Registered Investment Advisers (RIA). This list recognizes the top 300 independent RIA firms […]
THURSDAY, JUNE 13, 2019; CLIFTON, NJ: – SAX Wealth Advisors, a registered investment advisory firm and financial planning subsidiary of accounting, tax and advisory firm, SAX, is proud to announce their inclusion on Accounting Today’s 13th annual “Wealth Magnets” list, comprised of the Top 150 CPA Firms by Assets Under Management (AUM). SAX Wealth Advisors […]
