Albany Financial Group

80 Wolf Road,

Suite 301
Albany, NY 12205

Blog

Saturday, May 4, 2024

A common piece of standard life insurance advice is to get it as early as possible — and there are good reasons why. If you're young and in relatively good health, purchasing a term life insurance policy is usually much cheaper than it...

Friday, May 3, 2024

With the average cost of tuition and fees at private colleges exceeding $43,750 in 2021-22—while out-of-state public college students are paying nearly $30,000 per year—saving for college might feel like a monumental task.1 For many...

Thursday, May 2, 2024

The concept of the “traditional” American family is continually changing. The dual income family—with both spouses maintaining separate careers and contributing to the financial success of the household—has now become commonplace. The...

Wednesday, May 1, 2024

As Gen X-ers and Millennials move toward retirement, long-term care expenses are poised to make up an even larger share of their retirement expenses. In 2021, long-term care cost American adults an average of between $35,000 and $108...

Monday, April 1, 2024

Many high-net-worth individuals are aware of their capacity to impact the world to make it a better place through giving. Philanthropy and charitable giving provide a platform for them to affect positive change beyond wealth...

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Monday, April 1, 2024

An executor of an estate or trust plays a pivotal role in the legal system, especially when dealing with the responsibilities and tasks related to a deceased person's property and financial matters. The executor acts as the manager and...

Monday, April 1, 2024

Nearly 56 million American adults are 65 or older, and the demand for community living and estate planning services may increase over the next few decades.1 Do you know what arrangements you need to make when the time comes? What are...

Monday, April 1, 2024

If you're nearing retirement age, you know the Social Security process and how much you will likely receive. With that information, you may have also anticipated that your Social Security benefit would not be enough to sustain you in...

Monday, April 1, 2024

April is Stress Awareness Month, and there's no better time to reflect on and address the stressors that may impact our lives. Financial stress is an interesting challenge for high-net-worth individuals and families since most...

Monday, March 4, 2024

Asset management and financial wellness can help develop long-term confidence as wealth transfers to the next generation. Understanding and implementing financial wellness techniques is essential to share wealth with the next generations.

Monday, March 4, 2024

Individuals often find themselves weighing the options of private and public health insurance. Let’s explore the realm of private health insurance, highlighting its features, benefits, and how it fits into the broader healthcare system.

Monday, March 4, 2024

You are finally retired after a lifetime of hard work, juggling responsibilities, and managing stress. In pre-retirement, you did some planning, excited with the idea of checking off that list of all the things you will do in retirement.

Monday, March 4, 2024

Tax planning might be complex, but it's also essential. Missing tax breaks or failing to optimize income could cost significant dollars, maybe millions, over a lifetime. Here are four tax planning tips that may help optimize your finances.

Tuesday, February 20, 2024

As people settle into the New Year, some may notice a slightly larger paycheck deposited into their account. The Internal Revenue Service (IRS) implemented new federal income tax brackets, allowing some Americans to keep more of their...

Tuesday, February 20, 2024

As you approach retirement, you're probably envisioning a future of leisure, adventure, and well-deserved relaxation. But just as you plan your wardrobe for different seasons, organizing your financial closet is crucial to help manage...

Friday, August 5, 2022

Fully funding a college education without debt is no simple task. It’s no secret that the cost of a four-year degree has soared. But do you realize how much it has risen?According to [[https://educationdata...

Thursday, July 7, 2022

The Wall Street Journal summed up the first six months of the year with a simple but telling headline on June 30th: "S&P 500 Posts Worst First Half of Year Since 1970."In part, it's a timing issue since both indexes hit their...

Thursday, June 2, 2022

We were treated to one of the greatest bull markets in modern history during the last decade. It's not that we didn't experience sell-offs. We did.During 2011 and 2018, the S&P 500 Index came very close to entering a bear market (Yahoo...

Wednesday, May 4, 2022

Wednesday, April 6, 2022

Friday, March 4, 2022

Thursday, February 3, 2022

Thursday, January 6, 2022

Tuesday, December 7, 2021

Thursday, November 4, 2021

Let's ask a question that seemingly has an obvious answer. Why is estate planning important? First of all, when many hear the term "estate planning," they quickly envision those who own mansions, various real estate holdings, large...

Friday, September 3, 2021

In late 2019, the president signed the SECURE (Setting Every Community Up for Retirement Enhancement) Act into law. Required minimum distributions (RMDs) for employer-sponsored plans and IRA accounts were raised from 70 ½ years...

Wednesday, August 4, 2021

7 Ways to Stay on Track with Retirement Goals Are you on track to retire comfortably? What are your financial goals? How much income will you need to generate each month when you have retired? What might be some of your longer-term...

Thursday, July 8, 2021

Have you ever dreamed of winning the lottery or inheriting a large sum of money? Most people have. Yet, riches that fall into our hands can sometimes quickly slip through our fingers. One study found that one third of the people who...

Wednesday, June 2, 2021

And 6 Reasons You Might Not Did you buy your home many years ago? Or have you been in your current place for just a few years? There are plenty of reasons to sell and seek out a house that is smaller and one that fits your lifestyle....

Friday, May 7, 2021

Individuals, foundations, bequests, and corporations gave an estimated $449.6 billion to U.S. charities in 2019, according to findings in Giving USA 2020: the Annual Report on Philanthropy for the Year 2019. Individuals accounted for...

Wednesday, April 7, 2021

You have saved and invested for decades and you are gearing up for retirement, or maybe you have already left your job. While the idea of leaving your career behind may be appealing, it is a monumental change that can also be...

Thursday, March 11, 2021

“Stop in the name of love, before you break my heart.” We know The Supremes weren’t alluding to the pitfalls couples face when they grapple over money issues. But our own experience tells us that money plus love can...

Thursday, February 11, 2021

When was the last time you received a phone call or email from a scammer? It you were contacted recently, you aren’t alone. Internet scams show no signs of letting up. In fact, the problem may be getting worse. In its most recent...

Thursday, January 7, 2021

The year 2020 presented us with unique challenges. Never has a singular event had such wide-ranging repercussions as the COVID pandemic. It has touched nearly every area of our lives. Schooling, socializing, family gatherings, travel...

Thursday, November 5, 2020

For the nation, 2020 has been one of the most difficult years in memory. We are grappling with Covid and its fallout, economic upheaval, racial tensions, wildfires, hurricanes, a presidential election, and a polarized electorate....

Wednesday, January 1, 2020

Not everyone is financially prepared for retirement. Earlier this year, the Employee Benefit Research Institute estimated almost 41 percent of American households will run short of money in retirement. That’s an improvement over 2014...

Monday, December 30, 2019

If you’re not fond of New Year’s resolutions, then start or adopt new traditions that help get the year off to a positive start. Your new tradition should be something you can repeat each year with family and friends. Here are a few...

Monday, December 23, 2019

No matter what holiday you celebrate, we hope it’s filled with joy, laughter, and heartfelt happiness. That said, we know holiday cheer can be overwhelmed by the pursuit of perfection and opinions of relatives. Just in case your...

Monday, December 2, 2019

You’ve probably never asked your adult children and younger relatives whether they have security software on their computers and devices. Why would you? They’re digital natives, born with keyboards under their fingertips.It may be time...

Tuesday, November 26, 2019

Thanksgiving is all about gratitude. In 1621, the Plymouth colonists shared an autumn feast with the Wampanoag Indians. They were celebrating survival and friendship. It’s also a poignant story.1About one-half of the passengers who...

Thursday, November 7, 2019

After World War I, many nations celebrated the end of “The Great War” by establishing Armistice Day. Eventually, the holiday was broadened to celebrate those who served in all wars. In the United States after World War II and the...

Thursday, October 31, 2019

One of the most discussed topics in the United States is retirement security. Few Americans have set aside enough savings to live comfortably throughout retirement. In fact, the most recent National Retirement Risk Index (NRRI)*...

Tuesday, October 29, 2019

Americans expect to spend $8.8 billion on costumes, decorations, candy, and other Halloween purchases, according to the National Retail Federation.1That’s enough money to purchase the New England Patriots ($3.8 billion), the Los...