Trick or Treat? The New Payroll Tax Deferral

By Kelly M. Lewis, CFP®, JD, LLM   Check your most recent paystub dated after September 1st, 2020. Did your paycheck increase without you actively making any changes to it? If you make less than $104,000, then it might be because of President Trump’s new payroll tax deferral that is now in effect through the […]

5 Steps to Rebuilding Emergency Funds After an Emergency

Written by Sarah E.J. Collier, J.D. You saved, saved and then saved some more to establish your emergency fund. Saving the 3-6 months’ worth of expenses to establish your emergency fund was no easy task. However, you just went through a financial emergency and drained your emergency fund. While this can make you feel defeated, […]

Beyond the Numbers: Building a Realistic Spending Plan

By Andrew Baron, CFP® The first thing to do when beginning a financial plan is to develop a spending plan. The plan should be both comprehensive enough to effectively keep track of all the moving parts and simple enough to be useable. It’s difficult to follow a plan if you barely understand it! At the […]

How Might the CARES Act Apply to My Taxes? Consider These 3 Tax Planning Opportunities.

Written By:  Amanda L. Herrick Smith, CFP®     The CARES Act along with the recent market volatility has led to some interesting tax planning opportunities for individuals to consider this year. The following are three recommendations that may help to ease the financial impact of the pandemic.   Roth Conversions – As a result […]

A Guide to Tackling Estate Planning for the Horse Owner

By Sarah E. J. Collier, JD As seen in the New York State Horse Council’s 2019 fourth quarter newsletter. It is not a hidden secret that horses are very expensive to own. A recent expense report I completed totaled the annual expenses for a ten-year-old horse, stabled at a boarding facility, at approximately $6,500 per […]

Financial Considerations Under the CARES Act for Federal Student Loan Borrowers

By: Sarah Collier, J.D. Due to the CARES Act, qualifying federal student loans are being placed in an administrative forbearance with a 0% interest rate effective March 13, 2020, through September 30th, 2020. On August 8, 2020, President Trump directed the Secretary of Education to extend the student loan relief until December 31, 2020. This […]

Situational Awareness…Tips to protect yourself in the age of Covid-19

By: Elizabeth K.B. DiPietrantonio, J.D., Associate Advisor My parents used the phrase “situational awareness” a lot with me while I was growing up; okay, they still use it. In non-work situations, I am often easily distracted. I get excited about whatever is happening and become a bit, well, scattered. I tend to lose things i.e. […]

Protecting Your Retirement in Times of Crisis

By Peter Plevritis, Associate Advisor   Is your retirement plan immune from the coronavirus? As coronavirus made waves in the news in late-February and early March that it was here in the United States, the stock market reacted. Since then, with glimmers of hope, we have seen a few bounces in the markets. This volatility […]

Breaking Down the CARES Act – Specific Planning Opportunities

By:  Mason M. Jones, CFP®, Advisor As the saying goes, April showers bring May flowers. While the trees continue to bud and flowers bloom, families and businesses across the country continue to struggle with COVID-19 uncertainty. The CARES Act made its way through Washington quickly and covers a lot of ground. The $2.2 trillion deal was […]

5 Tips for those Invested in the Stock Market during a Downturn

By Amanda Herrick Smith and Cynthia Rivera The effects of an escalating coronavirus outbreak has sparked universal anxiety in investors as the stock market took a nosedive and posted its biggest loss since the 2008 financial crisis. In light of what looks like another volatile week, many investors wonder whether to sell, do nothing or […]

Budgeting during the Covid-19 Crisis

By: Peter L. Plevritis, Associate Advisor The coronavirus has led to a near shutdown of local businesses and the U.S. economy. During this time of financial uncertainty, it may be prudent to build a budget that works for you and your family. We understand this will not be easy in the midst of a pandemic, […]

What is CWM?

Written by: Jason D. Nickerson, CFP®, EA, Executive Vice President What is CWM? Well, the first thing to answer is, what does CWM stand for?  Answer; Comprehensive Wealth Management.  We have heard this similar phrase substituting similar words, but does it still mean the same?  That may be the topic for another blog, but for […]

What do Medicare premiums and charitable giving have in common? One may be able to save you money on the other…

  By: Brandi Graham, CTFA, CFP®, Senior Advisor   If you make gifts to charity and are required to take a required minimum distribution (RMD) from your individual retirement account (IRA), you may be able to reduce your Medicare premium. If you’re wondering what Medicare premiums and charitable giving have to do with one another, […]

Finding Someone “Halfway Decent” …A Guide to Navigating Internet Dating from your Financial Planner

  By: Elizabeth K.B. DiPietrantonio, J.D. My client base is full of fabulous women! The majority are over 60. A lot of them are widowed and divorced. Most of them are wealthy. As a very young widow myself I can understand just how confusing it is to suddenly find yourself single in the year 2019. […]

Holiday Financial Gift Guide

As we’re approaching the giving season, I wanted to throw out a few unique ideas for last minute financial holiday gifts. Now, when I use the term “financial gifts” I mean something that is not your typical physical gift. Here are a few thoughts I had:   1. 529 Plan Contributions – A 529 plan […]

Jolly Holiday Spending

The dreaded Holiday shopping season is almost upon us! If you’re anything like me, you don’t even think about it until the season is upon us and it’s too late. I’m a last minute online shopper! This can result in a bit too much overspending because I don’t have time to shop for deals or […]

Common Financial Failures and How to Fix Them

Almost all of us have financial skeletons in our closet. Whether we knew it was a mistake when we made it, or realized it shortly thereafter, we seem to have those “ouch” moments that we’re embarrassed to talk about. Well ladies, we can’t change the past, but we can change the future. You should never […]

Prior Income Determines your Medicare Premium

By: Lynda Tull, Associate Advsior   Did you know that you may have to pay a higher premium for Medicare Part B and Medicare Part D based on a tax return from 2 years ago? Medicare Part B and Part D use a two-year clawback to determine premiums. The result is a surcharge, known as […]

The Real Cost of Not Enrolling in Medicare When Eligible

  By: Lynda Tull, Associate Advisor Medicare is confusing. The main Medicare coverages are Medicare Part A, Medicare Part B, and Medicare Part D. On top of that, there are also optional Medicare supplement and advantage plans. To make things more confusing, you could get stuck with a late enrollment penalty for all your main […]

Back to School Shopping on a Budget!

I remember in fourth grade, my uncle bought me these really beautiful (actually hideous, but not to my 4th grade self!) peach corduroy overalls, a white floral puffy sleeve shirt, a striped peach wool sweater to wear over it, and some brown boots to complete the outfit. I got to my first day of school […]

Equifax Breach Settlement: Additional Compensation Details

Equifax Breach Settlement: Additional Compensation Details Written By: Lynda Tull, Associate Advisor So you are thinking about or have submitted a claim for alternative reimbursement compensation instead of taking the free credit monitoring services. Below is some additional information on the claims for additional cash compensation. Note that in order to have an eligible claim […]

Equifax Breach Settlement: Basic Settlement Options

Written By: Lynda Tull, Associate Advisor   Were you one of the 147 million people affected by the Equifax data breach that happened in September 2017? If so, you may be eligible for some form of compensation. On Monday, July 22nd, the Federal Trade Commission ruled that Equifax will have to pay up to $700 […]

Five Budget-Friendly Summer Day Trips For You and Your Girlfriends

Sometimes I wish summer had 8 days of the week! To be clear, I want the eighth day to be another Saturday, NOT another Monday. I also wish I got a “summer raise” every year, where I get paid more every summer to cover the expenses of all the exciting extra adventures that always seem […]

John Ullman featured as a panelist at the 2019 Economic Forum Highlighting Corporate Park

The Chemung County Chamber of Commerce recently shared the March edition of their newsletter “Today’s Chamber“. The first story highlights the 26th Annual Economic Forum which was held February 20th at the Holiday Inn. John Ullman, President of John G. Ullman & Associates, was featured as a panelist at the annual event. During his presentation […]

March Money Madness

March Money Madness Hello wonder women of the world! Question: Did you get your balance sheet together in February? I have to say, I was quite proud of the beautiful layout I designed for you! Nothing like a little pink and purple to make finance funsies!!  Okay, now that you’ve completed the trek through your […]

“Being In the Know” as a Visitor to Equine Facilities in New York State

Passed in 2017, The Safety in Agriculture Tourism Act (“The Act”) affects the liability of business owners and visitors to agriculture tourism destinations such as indoor and outdoor equine activities. In addition to limiting the business’s liability, The Act imposes duties and responsibilities on the visitors to these facilities. Who is a visitor? The Act […]

“Being In the Know” as an Owner-Operator of Equine Facilities in New York State

Passed in 2017, The Safety in Agriculture Tourism Act (“The Act”) affects the liability of agritourism business owners-operators and the visitors to these destinations, including those that offer indoor and outdoor equine activities. The Act limits the owner-operator’s liability provided they comply with the duties and responsibilities imposed on them. How does The Act limit […]

February Taking Stock: What do I have and where is it?

February Taking Stock: What do I have and where is it? Have you ever felt so overwhelmed with everything financial that you don’t know where to start? And because you don’t know where to start….you just put it off? This month, I want to help with that overpowering feeling. I want us all to take […]

When It Comes to Succession Planning, Timing is Key

By Andrew Baron, CFP®   You have built a business. You have overcome obstacles and celebrated successes. With your continued efforts, your business has provided for your family and your employees alike. When considering the sale of your business, the timing can present complications affecting others both directly and indirectly. First, the timing of the sale […]

Four Basic Components of Succession Planning on the Family Homestead

By Sarah Collier, J.D.   Growing up on a small farm, I know all too well that farmers take pride in their hard work on the farm. It’s those memorable events like three generations working together to build a barn that are the reasons why the farmer wants the family homestead to pass from generation […]

A Conversation with Lizzy DiPietrantonio about the Wild World of Internet Sales

Lizzy DiPietrantonio, J.D. is a good friend and colleague of mine. Shes an Advisor at the same firm I work at (JGUA) and is an invaluable resource! We bounce ideas off of each other all of the time. Both in work life and our personal lives. This girl knows what she’s talking about! She, like most of […]

One Financial New Year’s Resolution: And How to Keep it!

Welcome to “Womansplaining: A Financial Wellness Blog for Women, by Women”. Womansplaining is the brain-child of JGUA Advisor Kelly Lewis. Kelly is a Certified Financial Planner (CFP®) with an impressive legal background, having practiced as a licensed attorney in the Washington DC area before beginning her career in finance with JGUA in 2014. Kelly will […]

Step 1: Learning to Save

Life just gets in the way! That is a phrase I often hear as an excuse for not getting something done. In fact, those words are a frequent player in my own personal bank of excuses! The same is true when it comes to personal financial decisions. There’s always going to be something or someone […]

6 Tips for Survival in This Wild World of Internet Sales

By Elizabeth K.B. DiPietrantonio, J.D.   I called my Mother recently with a tone of excitement in my voice I could barely contain. I am almost positive she thought I was calling with news of a grandchild or perhaps the second coming. Alas, I simply wanted to share that I had purchased a set of […]

Opening the Door to Conversations About Aging

By Brandi Graham, CTFA, CFP®   Everyone knows proactive is better than reactive.  Then why is it most families don’t talk about aging until a sudden health crisis occurs? Chances are you spent some time with your family members this holiday season. You may have noticed Aunt Mary’s house wasn’t as clean as it usually […]

5 Ways to Save Money on Your Wedding Day

When reflecting back on your picture perfect wedding, we could assume you were caught up in the moment of love and making sure everything was perfect. Now, the wedding is over and you are able to take a step back and realize you might have gone overboard with the spending. One of our very own […]

Are You Anxious About Stock Market Volatility?

When reflecting on the performance of the markets over the last year what comes to mind?   Turbulence? Fluctuations? Uncertainty? All of the above?   If the answer is yes, you aren’t alone. According to CNBC* Nearly 40 percent of Americans said they were “anxious” about stock market volatility…and that was before the roller coaster […]

Are Target Date Funds a Bulls-eye or off the Board?

Target Date Funds Explained By Mason Jones, CFP®   Target date funds (TDFs) have been around for over two decades. These funds are meant to help investors simplify their decision-making in how to allocate and diversify their assets, especially as they get closer to retirement age. The funds are created by a specific mutual fund […]

New York isn’t Horsing Around Anymore

Sarah Collier, J.D.   Do you visit farms for u-pick events and horse lessons? Own and operate agriculture businesses that invite the public onto your land educating them about agriculture? Then this new New York State law may impact you. Just over a year ago New York signed into law The Safety in Agriculture Tourism […]

No Pardon for Turkey

It goes without saying, that the JGUA Investment Philosophy and our hands on, personalized approach to Investment Management is incredibly valuable to the clients we have the privilege of serving. One of our differentiating factors is our belief that research and due diligence are of paramount importance and therefore these functions are kept in-house as […]

The Time Has Come To Grow The JGUA Headquarters!

On Friday, June 29th we had the opportunity to tour JGUA’s Big Flats property with local contractors as we move along in the process of relocating our Corporate Office to Daniel Zenker Drive. It was definitely exciting to discuss the progress that’s being made towards this important milestone in our Firm’s history as we quickly […]

Women in Finance

Earlier this week members of the John G. Ullman & Associates Team were involved in the annual Fund For Women “Inspire” Fundraising Dinner (#FFWInspire) at the Corning Museum of Glass. The Fund For Women’s Mission is “to help girls and women achieve self-sufficiency and realize life goals.” Their Mission is complimentary to the Mission and […]

Comprehensive Financial Planning Strategies Are Even More Important After This Year’s Tax Season

In the Aftermath of the Tax Reform and Jobs Act of 2017 Your Advisor May Now Be Able to Help You: Reduce Your Taxes, Maximize Your Savings & Achieve Your Philanthropic Goals During Your Retirement Years Brandi Graham, CTFA, CFP® and Cynthia Rivera, JD The benefits of savvy strategic planning are significantly greater today as we […]

Making Sense of Itemized Deductions Under The New Tax Law

MAKING SENSE OF ITEMIZED DEDUCTIONS UNDER THE NEW TAX LAW Lynda Tull, Associate Advisor If you’re a homeowner and you’re above the standard deduction, chances are you or your tax preparer have itemized your deductions. These deductions include, but are not limited to: Home mortgage interest payments City/state/school property taxes Personal property taxes State income […]

Not So Happy Tax Day?

Andrew Baron, CFP® Associate Advisor Sometimes life gets the better of us and filing taxes can slip through the cracks. There can be numerous reasons for this to happen—from general procrastination to life-altering catastrophes. Regardless of your reason, anyone may request an automatic 6-month extension. This is an extension of time to file your tax […]

2018 IRS Dirty Dozen

JGUA urges everyone to review the “IRS Dirty Dozen” to familiarize yourself with these scams that are hitting close home, and learn what to do if you become a victim of these tactics. Judith A. Palumbo, JD, CFP® Senior Advisor  On April 4th the IRS issued their 2018 IRS Dirty Dozen: Watch Out for These 12 Scams […]

Is Your 457 Plan Leaving Money On the Table?

Andrew Baron, CFP® Associate Advisor 457 plans, one of the lesser known retirement savings plans are a special kind of plan for non-profit organizations. The sponsor of the plan must be an employer that is either a state or local government entity or a qualifying 501(c)(3) organization. Federal employees are not covered under these plans […]

JGUA In The News: An Interview with John G. Ullman as featured in The Wall Street Transcript

Do you qualify to utilize a QCD?

If you do, reviewing your QCD strategy this Tax Season should be a priority… Kathryn W. Gerwig, CFP® Senior Advisor As you complete your 2017 income tax returns, keep in mind some tax provisions that will possibly be more important for 2018 and future years’ tax planning.  In 2015, the Protecting Americans from Tax Hikes Act […]

Volatility in the Market – with Commentary from John G. Ullman

Market Drops…Now What?? *Spoiler alert… need to panic. It’s been a Volatile week in the Markets. Sharp declines, and the dramatic headlines that follow, can trigger panic and feelings of uncertainty, especially after the record breaking growth that’s been seen in the Market over the last year. What caused the drops seen in the Market […]

Advisor Spotlight: Todd Brost, CFP®

As you likely know the 2018 Winter Olympics are approaching, to be held in PyeongChang South Korea Feb. 9-15. What you may not know, is that one of our very own, Todd Brost, Senior Advisor here at JGUA is an Olympian! As part of our Advisor Spotlight series we asked Todd to share his Olympic […]

Tax Cuts and Jobs Act of 2017

What has ACTUALLY changed? Andrew Baron, CFP® Associate Advisor The Tax Cuts and Jobs Act of 2017 (TCJA) was the first major shakeup in the United States tax code since The Tax Reform Act of 1986 under President Reagan. While there are significant changes to how corporations and other businesses are taxed, there are also […]

To Pre-pay or Not To Pre-Pay

Questions linger in regards to Year-End Tax planning post passage of GOP Tax Bill… With the passage of the GOP Tax Bill, many questions are lingering about the impact to taxpayers heading into the New Year. The clock is ticking to make sure taxpayers take advantage of any opportunities to maximize deductions on their 2017 […]

GOP Tax Bill Passes

 Its official…The GOP’s $1.5 trillion tax plan cleared the Senate early this morning. (…with a lump of coal provision in the end.) The bill passed the House earlier Tuesday, but due to a procedural snafu the chamber will vote again today before noon. The re-vote isn’t expected to change the outcome. The Tax Cuts and Jobs Act, […]

Want to reduce your Medicare premium? Your charitable contributions could be the answer.

Want to reduce your Medicare premium? Your charitable contributions could be the answer. Brandi Graham, CFP® What do Medicare premiums and charitable giving have in common? One may be able to save you money on the other… If you make gifts to charity and are required to take a required minimum distribution (RMD) from your […]

Year End Tax Tips

UPDATE: Due to last minute provisions to the tax bill which developed after we released this information, and before the final bill passed, most of these recommendations are no longer valid. One of our favorite Easter Eggs in the Tax Bill which allowed for prepayment of state and local income taxes in order to claim […]

Are You Prepared for a Disaster?

Are You Prepared for a Disaster? Nora Smith, Information Services Manager This Holiday season, so many of us are watching the news helplessly as the fires rage in California and thousands have been forced to leave their homes. The ongoing natural disaster in the West comes on the heels of a horrific Hurricane season that […]

Happy #GivingTuesday!

Your Guide to Charitable Giving this Holiday Season Sara Rolls, Associate Advisor What is #GivingTuesday? According to #GivingTuesday is celebrated on the Tuesday following Thanksgiving (in the U.S.) and the widely recognized shopping events Black Friday and Cyber Monday. #GivingTuesday kicks off the charitable season, when many focus on their holiday and end-of-year giving. […]

IRS Contribution Limit Changes for 2018

What do these changes mean for you and your retirement savings plan? Lynda Tull, Associate Advisor The IRS has announced new contribution limits for retirement savings accounts which include 401K, 403B, and most 456 plans. Changes to income limits for IRA contribution deductibility and new contribution limits for Health Savings Accounts (HSAs) have also been […]

Want to help your kids financially? Be the bank.

I want to help my (adult or young adult) kids (or grand kids) financially without just giving them money. Have you ever thought this? Have you wanted them to still have some accountability or teach them to manage some debt without it being such a burden to them? This is something we hear and get […]

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