Check the background of this financial professional on FINRA's BrokerCheck.

Mar
02
2016 Year-End Tax Planning Basics
The window of opportunity for many tax-saving moves closes on December 31, so it's important to evaluate your tax situation now, while there's still time to affect your bottom line for the 2016 tax year. Timing is everything Consider any opportunities you have to defer income to 2017. For example, you may be able to defer a year-end bonus, or delay the collection of business debts, rents, and payments for services. Doing so may allow you to postpone paying tax on the income until next year. If there's a chance that you'll be in a lower income tax bracket next year, deferring income could mean paying less tax on the income as well. Similarly, consider ways to accelerate deductions into 2016. If you itemize deductions, you might...
Continue Reading »

Mar
18
Is 62 the Magic Number for Social Security?
For most baby boomers, planning for income in retirement is an important aspect of gearing up for leaving the workforce. While some retirees will have a guaranteed income stream from an employer pension plan, others will need to rely on the combination of accumulated balances in retirement savings accounts like IRAs or employer-sponsored plans in combination with some level of monthly Social Security income. For those who are near retirement, it is necessary to understand when you are able to begin social security income and how that timing may affect your overall financial picture in retirement. Individuals who have worked and contributed to social security tax are able to start receiving their social security benefits as an early...
Continue Reading »

Feb
13
The Best Time to Save for Retirement is Now
Have you thought about how much income you will need in retirement? It becomes overwhelming to think about how much needs to be set aside to maintain a certain lifestyle after your working years have ended or what strategy is best suited for your unique circumstances. Regardless of whether someone is relatively new to the workforce or has only a few years left to earn a paycheck, there are universal benefits inherent to saving in accounts designed for retirement that can be powerful in helping you reach your mark. The Power of Tax Deferral When it comes to saving for retirement, not all accounts are created equal. The IRS has established designated retirement savings vehicles that present an opportunity to grow assets more efficiently...
Continue Reading »

Feb
13
Education Funding with 529s: Better with a Plan
Although saving for retirement one of the biggest goals individuals will save for throughout a lifetime, funding a child's education comes in at a close, expensive second. Steadily increasing tuition costs mean that parents need to start thinking about college funding sooner rather than later, including where those funds will be held and how they will be invested. One of the most common education savings tools is a state's 529 plan which provides a number of benefits to parents starting to save for college now. Each state sponsors its own 529 plan with varying rules under the purview of different investment companies, but the IRS has set some general guidelines and tax benefits for those utilizing this type of plan to save toward future...
Continue Reading »

Jan
26
The Hidden Pitfalls of Healthcare Costs and What They Mean for Your Retirement
Healthcare in retirement
Thinking about your retirement is exciting, but if you're like most people, there's some uncertainty surrounding your plans. You're looking forward to doing all of the things you've been putting off while working hard and saving - whether it's your dream vacation, a move to warmer climates, or just spending more time doing the things you enjoy with the people you love. At the same time, you worry that you may not be totally prepared to make the retirement decision when the time comes. You've probably been over your finances a thousand times, and prepared a hundred different budget scenarios, but even the best prepared retirees often underestimate the cost of healthcare during their retirement. You've paid the taxes, and you think you'll...
Continue Reading »

Jan
20
The Right Retirement Plan for Your Business
Small Business Owners
Business owners wear a number of hats, and keeping the day to day operations up and running in the most cost effective and efficient way can mean long-range objectives are set to the side. Saving for retirement is generally on the list of goals that are put off, even though it is one of the most important goals for the future. As a business owner, you have a number of options for saving toward retirement, but selecting the right retirement plan for your business can be a daunting task. It is, however, a necessary part of business ownership no matter how big or small your company may be. To help you make the best decision for your business, let's take a look at the retirement options available to you. SEP IRA                  A SEP...
Continue Reading »

Dec
30
Women and Investing
Women and Finance Gatway Investments
How Unique Traits can Lead to Financial Success Over the last decade, there has been a clear shift in household money management – women are taking the reins more than their male counterparts, due, in part, to changes in socioeconomic norms and the pressing need to have a tighter grasp on financial goals. Specifically, women investors are making up a larger share of the market because unexpected lifestyle changes have pushed the need to the forefront – a spouse has passed away, a divorce took place or an elderly parent needs financial assistance. These circumstances can seem overwhelming when they arise abruptly, but understanding how unique female traits fit into the realm of investing and financial planning beforehand can make the shift...
Continue Reading »

Dec
08
The High Costs of Healthcare in Retirement
Planning for Healthcare Costs For baby boomers thinking about retirement in the next year or two, or for those who have recently left the workforce, it can be an exciting time. Whether you are planning for travel you simply didn’t have time to take during the peak of your career, completing that lengthy list of upgrades to your home, or spending unlimited time relaxing with your spouse, there is no better feeling than knowing retirement is on the horizon. For some retirees, though, the worry surrounding the question, “Did we save enough?” can give reason to pause putting the finishing touch on those final plans. Most retirees have taken the time to crunch the necessary numbers before pushing the retirement button, taking into account...
Continue Reading »

Sep
09
Options for Hospital Employees Changing Jobs – What to do with Your Retirement Savings
Options for Hospital Employees Changing Jobs – What to do with Your Retirement Savings Whether you are transitioning from one hospital career to another, leaving the medical field or retiring for good, considerations for what to do with your old employer sponsored plan may be the last thing on your mind. However, a 403(b) can be a substantial portion of your overall retirement savings, and as such, weighing your options is an important step to take when changing jobs. It is imperative to ensure your hard earned savings still meets your objectives for retirement, is in line with your risk tolerance, and offers the ability to diversify. Generally, hospital employees have four options when it comes to a 403(b) retirement plan after leaving...
Continue Reading »

Aug
18
Incorporating Your Dreams into Your Budget
Retirement Goals
When it comes to financial planning, a solid foundation must be laid before any action items can be effectively tackled. Most advisors would agree that this begins with creating a budget in an effort to fully comprehend the relationship between what is coming in versus what is flowing out. What some may forget, however, is the importance of incorporating the cold hard facts that are income and expenses with your life dreams. Do you want to travel the world, own a beach front property or a fancy sports car? Instead of focusing solely on the known objectives like emergency savings and retirement income needs, the Garden City Financial Advisors at Gateway Investments know that including what may seem like lofty dreams or goals into a budget...
Continue Reading »


RECENT POSTS


 
 
 
Contact
390 Old Country Road, 2nd Floor
Garden City, NY 11530
Phone 516-240-1740   Fax 516-240-1799
Branch Phone 877-244-7162

                                            
info@gatewayinv.com

Careers & Opportunities

Securities, insurance and advisory services offered through Royal Alliance Associates Inc., member FINRA/SIPC.  Gateway Investments is a marketing designation.


This communication is strictly intended for individuals residing in the state(s) of AL, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, ME, MD, MA, MI, MN, MS, MO, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, PR, RI, SC, TX, VA and WI. No offers may be made or accepted from any resident outside the specific states referenced.
 


Check the background of this financial professional on FINRA's BrokerCheck.