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January 2025 Market Outlook

By CCR WM | January 8, 2025

In 2025, potential policy shifts, including tariffs and deregulation, may impact the market. Although tariffs face criticism, they haven’t hindered S&P 500 growth historically. Previous deregulation efforts in energy led to poor performance. With a narrow majority in the House, policy changes may be challenging, prompting investors to stay cautious amid uncertainty.

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Social Security Says 2.5% COLA in 2025

By CCR WM | January 7, 2025

Social Security beneficiaries will receive a 2.5% increase in 2025, per the Social Security Administration. The COLA adjustment will impact over 72.5 million beneficiaries. Beneficiaries will receive a new one-page COLA summary detailing the new benefits and the exact date the 2025 adjustment will start.

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2025 Federal Income Tax Charts

By CCR WM | January 2, 2025

Don’t let tax season catch you off guard! Plan ahead with this chart that summarizes key tax info based on income levels.

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2025 Retirement Contribution Limits

By CCR WM | December 19, 2024

The 2025 contribution limits for retirement plans are now live! Check out the chart for key differences from 2024.

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Explore the Potential of Charitable Trusts

By CCR WM | December 17, 2024

Are you looking to make a lasting impact while also reaping potential tax benefits? Charitable trusts could be your answer!

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Year-End Charitable Giving Strategies to Consider

By CCR WM | December 12, 2024

As December 31 approaches, charitable giving becomes top of mind for many individuals. Whether driven by a desire to maximize tax incentives, honor a loved one, or thoughtfully allocate year-end bonuses, this season is a strategic time for philanthropy. For high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals, giving often requires careful planning and involves more advanced…

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Turn Your RMDs into Charitable Donations

By CCR WM | December 10, 2024

High Net Worth & Ultra High Net Worth individuals can leverage advanced strategies to maximize charitable impact while optimizing tax benefits!

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5 Reasons to Rethink Financial Wellness

By CCR WM | December 6, 2024

Starting a financial wellness program can help increase employee productivity and lessen presenteeism.

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Social Security Benefits Are Projected To Rise 2.5% In 2025

By CCR WM | December 3, 2024

Social Security and SSI benefits for more than 72.5 million Americans will increase 2.5% in January 2025.

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How Sustainable Investing Combines Profit with Purpose

By CCR WM | November 26, 2024

As you near retirement, you may start considering the legacy you’ll leave behind. Consider sustainable investing, which offers a way to leave a positive impact while accumulating wealth.

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Understanding Qualified Charitable Distributions (QCDs)

By CCR WM | November 21, 2024

As you build your legacy, considering how to leverage your charitable contributions can be a fulfilling endeavor. Qualified Charitable Distributions (QCDs) can offer an opportunity to support your favorite causes and manage your retirement income. Here are some factors to consider with QCDs and how they’ve changed based on recent legislation, such as the SECURE…

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5 Financial Steps Before Starting Your Home Search

By CCR WM | November 19, 2024

Doing some financial housekeeping before purchasing a home can pay dividends in the long run, especially if you’re attempting to buy in a competitive market.

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Voice of Business – Worcester Regional Chamber of Commerce Interview

By CCR WM | November 18, 2024

Vincenzo Palmerino gave a spectacular interview on the Worcester Regional Chamber of Commerce’s radio show, the Voice of Business!

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Business Succession Planning

By CCR WM | November 15, 2024

Business owners often prioritize daily operations and growth, neglecting the critical issue of succession planning. This whitepaper explores the importance of business succession planning, outlines essential steps to create a comprehensive plan, and emphasizes the need for proactive measures to ensure business continuity.

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Considerations During Medicare’s Open Enrollment

By CCR WM | November 14, 2024

How long has it been since you’ve reviewed your Medicare policy? With open enrollment fast approaching, there are a few questions you may want to ask yourself before you renew, add, drop, or switch coverage.

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Student Loans: What Can You Do with These Things?

By CCR WM | November 13, 2024

The first step in deciding how to approach your student loans is to understand what you have. Take a look at some common differentiators in this article.

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Medicare Open Enrollment Begins With Key Changes Ahead

By CCR WM | November 12, 2024

Medicare open enrollment has begun, and reviewing your coverage is crucial because this year brings significant changes.

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IRS 2025 Tax Brackets

By CCR WM | November 8, 2024

The Internal Revenue Service released the updated income tax brackets, standard deduction, and retirement contribution limits for the 2025 tax year. While these changes won’t impact you for some time, it may benefit you to start thinking ahead. The top rate remains 37%, but remember that 2017’s Tax Cuts and Jobs Act expires at the…

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Strategies for Balancing Family and Financial Security

By CCR WM | October 29, 2024

Striking the right work-life balance is crucial for avoiding burnout, reducing stress, and nurturing relationships. Here are 10 strategies that balance family and financial security!

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Tax Implications for Charitable Trust

By CCR WM | October 24, 2024

Balancing philanthropic goals with financial planning can be a complex yet rewarding endeavor. One strategy that has gained popularity among those looking to make a lasting impact, while potentially reaping tax benefits, is the charitable trust. This article will explore the concept of charitable trusts, their potential advantages and disadvantages, and factors to consider when…

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Giving Back in Retirement

By CCR WM | October 22, 2024

Retirement doesn’t mean the end of giving back! Explore alternative ways to stay active and engaged in your community without breaking the bank.

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October 2024 Market Outlook

By CCR WM | October 18, 2024

Take a look into the current state of the market as of October 2024!

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Make Your Mark Through Sustainable Investing

By CCR WM | October 17, 2024

As retirement approaches, consider leaving a legacy by investing in companies that drive positive change for society and the planet.

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A Quick Guide to Socially Responsible Investing

By CCR WM | October 15, 2024

Imagine not only growing your wealth but also contributing to a healthier planet, promoting social justice, and encouraging ethical business practices. It might not be a concept you’ve explored, but it’s entirely possible-and it’s becoming more and more common. This approach is referred to as socially responsible investing (SRI). It’s an increasingly popular investment philosophy…

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4 Steps to Protecting a Child with Disabilities

By CCR WM | October 10, 2024

Raising a child is expensive and can cost over a quarter of a million dollars, excluding college. For a child with special needs, that cost can more than triple. If you’re the parent of a child with special needs, it’s vital to ensure your child will continue to be provided for after you’re gone. It…

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