Risk Management: Market, Interest Rate and Currency Risk
Currency Risk History has shown that successful investing requires discipline and patience. When emotions and investment risks run high, it can be easy to lose focus on your investment strategy. To help you overcome these challenges, here are some important items to...
Understanding FDIC Insurance
If you have money in the bank, you want to know that it’s protected. Luckily, the Federal Deposit Insurance Corporation, or FDIC, insurance was designed to ensure your peace of mind. FDIC insurance protects your money in case something happens to the bank. Let’s dive...
How To Calculate Your Net Worth & Why It Matters
We hear a lot about net worth, but what exactly does net worth mean and why does it matter? Here, let’s learn more about what your net worth is, how to calculate it and the role it plays in your investment strategy and finances. What Does “Net Worth” Mean? Net...
How To Invest In Your Health This Year
How to Invest in Your Health in 2022 Healthcare is one of the essential parts of life's financial and personal journey. Many have not yet utilized all the financial tools that may help. Health Savings Accounts (HSAs) An HSA gives you a tax-exempt savings account...
Your Guide to Emergency IRA and 401 (K) Withdrawals
Life is complex, and if your circumstances require you to tap into your retirement savings account, know that you are not alone. According to a recent study, 51% of Americans have taken an early withdrawal.1 IRA and 401(k) accounts are essentially a deal with the...
How to Back Up Your Financial Documents
If you’ve accidentally deleted or misplaced a financial document, you already understand the importance of backing up your important files. However, saving your financial documents to an external hard drive is only part of the battle. To truly safeguard your...
What Is the Difference Between a Tax Credit and a Tax Deduction?
When it comes to preparing your taxes, the idea of tax credits and tax deductions can be music to any taxpayer’s ears. That’s because both are used to lower the amount of taxes someone owes to the government. While they’re both worth getting excited over, it’s...
Your 2022 Tax Filing Season To-Do List
The tax season is officially here. If you haven't already, now is the time to get prepared. 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...
2022 Contribution Limits
Preparing for retirement just got a little more financial wiggle room. The Internal Revenue Service (IRS) announced new contribution limits for 2022. Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. The...
Preparing For a Business Valuation: A Guide For Small Business Owners
Whether you’re selling your business, purchasing another or somewhere in between, a business valuation is the first step to determining the value of a business. Preparing for a business valuation isn’t complicated, but the calculations to determine the value of a...
5 Myths About Generational Wealth You’ve Likely Heard
The Rockefellers, the Vanderbilts, the Gettys - all famous families known for their success in building and maintaining generational wealth. And while they’ve successfully passed down millions and billions of dollars to loved ones, the idea of successfully maintaining...
Bernath & Rosenberg Makes the List of Top 150 Firms by AUM from Accounting Today
Accounting Today has released their 15th annual ranking of firms by AUM (Assets Under Management). For the sixth year in a row, Bernath & Rosenberg has been named as one of the leading CPA firms specializing in financial planning and wealth management. The...