The Quincy Group Blog2021-06-03T20:56:38+00:00


Prepare for Tax Filing Season!

As tax time draws near, you may have some important tax questions. This article aims to warn of the potential hazards associated with taxes to help you make the most of your return this year. While it may be tempting to submit your taxes without delay, filing before you have all the necessary documents may result in a delay in receiving your return. Therefore, it is best to take the time to verify that [...]

March 13th, 2023|Taxes & Tax Planning|

Getting Your Mind Right About Money Management

Although the basic idea of setting aside funds for retirement has remained constant over the years, the tools and overall picture are beginning to change. In the past, people were able to depend on pensions and Social Security benefits to carry them through retirement, but now it is equally vital to have a positive attitude towards budgeting and making money while saving. This means that those who are saving for retirement now are presented [...]

March 3rd, 2023|Financial Planning, Psychology|

How to Practice Proper Legacy and Estate Planning

Transferring wealth to your family can be a complex process, and it is important to be aware of the risks and challenges involved. A significant number of wealthy families lose their wealth by the third generation, and therefore, it is essential to know the risks that affect wealthy retirees and have strategies in place to maintain the wealth within your family.[1] However, wealth transfer is not only relevant for the wealthy, but it is [...]

February 27th, 2023|Estate Planning|

Tax Tips for the Upcoming Tax Season

With the introduction of a new year behind us, the start of tax season is fast approaching. Completing federal income taxes is often a drawn-out and convoluted process, and it is inevitable that some mistakes will be made. Everyone knows that these small errors can have a large impact on tax refunds and can even lead to fines. That is why it is always beneficial to refresh your memory on the fundamentals of filing [...]

February 20th, 2023|Taxes & Tax Planning|

Don’t Forget the Power of Compounding Interest

Einstein is quoted as saying that the most influential mathematical concept of his time, or "the eighth wonder of the world," is the concept of compounding returns.[1] Compounding interest is a financial concept that refers to the reinvestment of earned interest, allowing for the exponential growth of an initial investment. This can be a valuable concept to consider when planning for retirement, as it can significantly increase the value of savings over time. See [...]

February 14th, 2023|Investments|

Prepare for Social Security with the Basics

Social Security is an important source of retirement funds for many people in the United States; as of September 2022, over 70 million people were in receipt of these benefits.[1] Many people are not aware of how or when to begin utilizing this source of income. As you age and come closer to retirement, the decisions you make become increasingly important in determining the amount of money you will receive. Therefore, it is important [...]

February 6th, 2023|Social Security|

Give the Gift of Financial Wellness to Future Generations

As you work your way towards retirement, chances are you have had to make a lot of financial decisions. It's likely you have made a few misjudgments, such as splurging on frivolous items in your twenties or choosing a less-than-ideal payment plan for your car loan or mortgage. However, through your journey, you have gained knowledge that can be passed on to your children and grandchildren. Even though talking about money can be difficult, [...]

January 30th, 2023|Financial Planning|

The Economy Threw a Curveball at Retirees in 2022

The economy in 2022 posed difficulties for a lot of people, and retirees have had it even harder. The impact of the Russia-Ukraine conflict, the aftermath of the pandemic on the economy, as well as the increase in inflation and interest rates, have been felt globally. As we start off a new year, it is essential to understand the consequences of these variables on your financial situation as a retiree. Inflation Came in Hard [...]

January 26th, 2023|Economy, Financial Planning|

Be the Financial Compass for Future Generations

Building towards retirement, you have made many financial decisions. Perhaps you maxed out your credit card on clothes in your early 20s or chose the wrong payment plan for your car loan or home mortgage. Regardless, you’ve navigated many financial obstacles and gained wisdom that can now be passed on to your kids and grandchildren. Although money can be a difficult topic to discuss, sharing this wisdom can help future generations make better-informed financial [...]

January 19th, 2023|Financial Planning|


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