8:00 - 5:00

Hours of Operation: Mon. - Fri.


Call Today For A Free Consultation!





News Posts

Why You Need Short and Long-Term Tax Planning

When it comes to tax planning, retirees can’t only think about the short term or the long term. They must consider both for a financially secure future. To stay in sharp financial shape during the Golden Years, retirees need to understand the difference between annual and long-term tax planning, as well as the benefits of each in regards to retirement. Annual Tax Planning for Retirees Yearly tax planning, or coming up with your strategy during autumn of each year for the following tax season, is important for uncovering attractive tax opportunities. For example, you can realize capital losses, or an investment that...

Continue reading

Tax Benefits of Rolling Your 401(k) Into an IRA

Your company’s 401(k) retirement plan is a great investment choice. However, there are many good reasons to consider rolling your 401(k)-retirement plan into an IRA. The process is simple, and you may find some tax benefits for making the switch. Understanding your options and the possible tax implications can help you make a well-informed decision. Less Confusing Rules One issue with a 401(k) plan is there is little to no standardization, meaning your 401(k) has the potential to work in a way completely different from the way your friend's, who is employed at another business, 401(k) works. Even if you have a...

Continue reading

3 Options for Rolling Over Your 401(k) to an IRA

There are many reasons why you may be considering rolling over your 401(k) to an Individual Retirement Account (IRA). First, you may be looking to expand your options for investing. Second, you can consolidate multiple 401(k)s into one investment platform for saving on investment fees and lastly you have control of your investments and not your previous employer. Regardless of the reason, choosing the best fit for your investment will require understanding the options and their available benefits. Below we have compiled a helpful guide to choose which option may be best for your unique needs: Traditional 401(k) to Traditional IRA Your options...

Continue reading

5 Ways to Pay Fewer Taxes in 2018

Death and taxes are the only things that are certain, and your obligation to Uncle Sam continues even after you retire. When what you’ve saved needs to last the rest of your life, you don’t want to give away any more than you have to. Discover sound tax strategies to pay fewer taxes in 2018. Understand Social Security Taxation Social Security laws relating to benefit taxation haven’t been adjusted for inflation since they were implemented in 1983. Individuals pay taxes on benefits when their income is $25,000 or more a year. Couples pay when their joint income is $32,000 or more. If you...

Continue reading

5 Financial Planning Tips for Retirement

As if there weren’t enough plans you have to make for retirement, don’t forget to account for tax payments. Even seasoned retirement advisors can forget about tax liability - exposing themselves to financial risks and hardships during what should be the golden years. As a retiree or someone close to retiring, use these financial planning tips to stay financially secure leading up to retirement and far into the future. Accurately Estimate Tax Payments Whether you plan on living off of a pension, Social Security benefits, individual retirement accounts, or some other source of income, you need to look at the big picture....

Continue reading

2017 4th Quarter Market Review – Virtue Capital Management

Global Economic Review The bull market that had been dubbed “the bull market everyone hates” has extended into the second longest and third strongest bull market in United States history.  Although this economic recovery has been the most tepid since the Great Depression, 2017 ended with surprising global economic activity to the upside, and global earnings growth following a similar trend. U.S. GDP registered consecutive 3% quarterly tallies, and, because of the stimulative year-end tax package, economists raised expectations for 2018 economic growth. In response to the resurgence in the economy, the Fed raised interest rates at the December FOMC meeting,...

Continue reading

Act Now to Save on Taxes before This Key Deduction is Lost

While Congress usually doesn’t accomplish much near the Christmas break, there are some indications that a new tax plan may reach the President’s desk before the end of the year. Even if an agreement is not reached until early January, it is likely that the tax bill would be made retroactive to January 1st, and so effective for the entirety of 2018. Two key deductions may be going away or facing new limitations as a result of this tax bill, but there is action you can take before the end of the year to save money. It is always best to...

Continue reading

New Retirement Planning Rules You Need to Know

The rules have changed when it comes to retirement planning. Skyrocketing medical expenses, changes to social security, and a constantly rising cost of living make the retirement process much different than it was just 10 years ago. The best way to really understand the current situation lies in a thorough examination of the old rules and how retirement planning rules have changed. For example, traditional wisdom said save 10% of your income and work for around 40 years, then you can retire in comfort. Now, that often isn’t enough. The old rules involved investing mostly in bonds when approaching retirement....

Continue reading

How to Make Sure Your Retirement Planning Covers Healthcare Costs

The combination of losing steady income, and incurring more healthcare costs as you age, is one that strikes fear into the hearts of many retirees. With a fixed income and the need for more frequent care, you may wonder how you’ll pay your medical bills. Even in great physical health, there may come an emergency that sets your budget back. Thankfully, you can enjoy your golden years without fearing healthcare costs. Here’s how… Accurately Calculate Healthcare Costs Many retirees find themselves in difficult positions because they fail to plan for just how much healthcare will cost. Most companies pay about 75 percent of...

Continue reading

How to Know When You Can Afford to Retire

It’s a long journey across your professional career to the promised land of retirement. One of the big questions you face is whether you’re finally ready to make the transition. Individuals have to decide when they’ve achieved their professional goals but also when their retirement income, pensions, and social security will be enough to live on for the rest of their lives. Knowing where you stand can help you make smart, informed decisions. Ready? Let’s dive in… Know Your Destination What are you looking for in retirement? Are you planning to load up the RV and drive cross country? Are you looking forward to getting away...

Continue reading
Investment advisory services are offered through Virtue Capital Management, an SEC Registered Investment Advisor. Macino Financial and VCM are independent of each other. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability. All investment strategies have the potential for profit or loss. Changes in investment strategies, economic conditions, contributions or withdrawals may significantly alter a portfolio’s performance. There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client. Past performance is no guarantee of future success. We cannot guarantee that a portfolio will match or outperform any particular benchmark. None of the content should be viewed as an offer to buy or sell, or as a solicitation of an offer to buy or sell the securities discussed. Information on this website does not involve the rendering of personalized investment advice, but is limited to the dissemination of general information on products and services. A professional adviser should be consulted before implementing any of the options presented.