Pinnacle Associates, Ltd. is proud to be a planning-centric wealth management firm. We are committed to empowering you with the knowledge and tools needed to make informed decisions and help achieve your financial goals.
Our financial planning informational sheets and brochures have been carefully curated to provide you with valuable insights into various aspects of financial planning. Your financial journey is important to us, and we’re here to support you every step of the way.
If you have any questions or would like to discuss how our services can further enhance your financial strategy, please don’t hesitate to reach out to our team of dedicated advisors.
Financial Planning
September 24, 2024
In a perfect world, you would know the amount needed for all your young scholars’ educational needs, and you would have that exact figure in a 529 plan. That’s not always realistic, however, as sometimes plans change and it’s hard to predict the exact figure needed for educational expenses. Thanks to the Secure Act 2.0, some of the worries surrounding overfunding 529 plans have been diminished. Starting in 2024, under certain conditions, 529 account holders can transfer up to a lifetime limit of $35,000 to a Roth IRA for the 529 plan beneficiary. But, of course, there are some restrictions and rules surrounding this exciting update.
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November 8, 2023
At Pinnacle Associates, we firmly believe that effective long-term financial success hinges on proactive planning. With this in mind, we share some valuable year-end planning tips to ensure that you end this year and begin the next year feeling well informed and prepared for what’s ahead.
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September 15, 2023
For parents saving for their children’s college education, a Section 529 plan may offer several advantages. Section 529 plans are operated by individual states and let families set aside money to cover future education expenses on behalf of account beneficiaries.
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September 15, 2023
Financial planning is the process of evaluating and choosing an optimal strategy to achieve your financial goals. We work with you to create a personalized plan based on an integrated review of your unique circumstances. As your life changes, we make adjustments to your plan and portfolio, keeping you on the path to success.
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September 15, 2023
401(k) plans are tax-preferred investment accounts managed by employers. Traditionally, 401(k)s are funded with pre-tax dollars and taxed at withdrawal. Some plans have Roth options in which the account is funded with after-tax dollars and no tax is paid at withdrawal.
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