Our Insights

Some retirees describe the first few months after retirement as a “honeymoon phase,” during which they focus on travel, projects, and catching up on rest. After the honeymoon glow wears off, many begin asking deeper questions about how they want to spend their time and energy.1  It’s not only normal to ask those questions, but necessary. Our careers give us more than income. They provide structure, social interaction, and a sense of purpose. When that structure is no longer part of your daily

U.S. Markets  Stocks fell in the first quarter amid concerns that artificial intelligence (AI) could disrupt certain industries along with geopolitical issues that unsettled investors.  The Dow Jones Industrial Average lost 3.58%, while the Standard & Poor’s 500 Index fell 4.63% and the Nasdaq Composite declined 7.11%.1,2  A Choppy January  Stocks trended higher in January as upbeat economic data offset geopolitical tensions. Investors responded positively to December’s inflation report, which was followed by a solid retail sales report. However, evolving geopolitical situations and mixed results from

Let’s admit it: planning for taxes isn’t exactly enjoyable. There are probably plenty of things you’d rather be doing. However, thoughtful tax planning plays a critical role in your overall financial health. Starting early can help you save money, reduce errors, and minimize stress when tax season rolls around.  So why should you consider planning your taxes two years at a time?  The Benefits of Planning Ahead  When it comes to taxes, it’s easy to procrastinate. But taking a forward-looking, two-year approach can make a meaningful difference. By planning across multiple years,

Have you just completed your taxes and discovered that you owe way more than you expected? Don’t panic. There are several ways to bring that hefty tax bill down.  Step 1: Check for Errors  First, go through your return and make sure that you haven’t made a mistake. If you used tax software, note that it checks the math based on what you entered, but it doesn’t know if you entered the right numbers. Common errors include entering a wrong number, adding an extra zero, or entering the

Working with a trusted financial professional is important when it comes to strategizing and preparing to meet your financial goals. However, as most of us handle money daily, it’s important to have an in-depth understanding of the fundamentals of financial literacy. Below we’ve identified five financial basics everyone should know. Understanding these important concepts can serve as a basis for your financial standings.  Basics #1: Debt & Credit Scores  Understanding the ways in which credit or debt can work with or against you should serve as the foundation of your

Once an estate strategy is in place, it should only require periodic reviews to check that it still reflects your wishes. However, life events such as marriage, divorce, births, deaths, relocations, health changes, business sales, and changes in tax law may prompt you to reconsider part of your overall strategy.  The world of estate strategies is changing, as covered in the Trust & Will 2025 Estate Planning Report. Did you know:  While 83% of Americans acknowledge the importance of their estate,

Tax season is officially here—and a little preparation now can save you time, stress, and potential headaches later. Whether you meet with a tax professional or prepare your taxes yourself, proper planning helps the processes go more smoothly and may reduce the risk of costly errors. Check out the tips below and prepare to tackle this tax season with confidence.  Tax Prep Tip #1: Gather All of Your Forms  In January, you likely started to receive the forms you need to properly complete your

January is Financial Wellness Month, which means it’s a good time to remind people to plan and update their financial strategy.  Now is a great time to connect with your Patriot advisor to discuss your financial situation and aspirations for the future. You should also assess if your financial strategy needs any adjustments based on your lifestyle.  Defining Financial Wellness  The first thing to do is define what “financial wellness” means for you. This varies drastically from person to person. It is informed by who you are, where you are

U.S. Markets  U.S. stocks notched a solid gain in the fourth quarter as investors cheered lower interest rates and solid corporate profits while navigating limited economic updates due to the U.S. government shutdown.  The Standard & Poor’s 500 Index gained 2.35%, while the Nasdaq Composite added 2.57%. The Dow Jones Industrial Average advanced 3.59%. 1  October Shutdown  U.S. stocks rose for the sixth consecutive month in October as AI- and tech-led advances pushed major averages.2  Solid Q3 corporate results helped drive market momentum

Receiving Social Security benefits is advantageous in retirement, but like almost every other form of income, these benefits are taxed by the government. To accurately predict your retirement income (and taxes), it’s important to understand how Social Security benefits are taxed.  Here, we explain everything you need to know about Social Security benefit taxation.  How are Social Security Benefits Taxed?  While Social Security benefits are a vital source of income for many retirees, a portion of these benefits may be subjected to federal income taxes. The Internal Revenue Service