2018-11-19 14:30
Can you imagine something as small as 0.50% making a truly large difference in your life? You goto the store to buy some groceries and it cost 100.50 dollars instead of 100 dollars. You buy… Read More
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Perrotto Wealth Insights Blog
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Fee only financial advisor who gives insights on how to keep more of what you earn.
2018-10-29 19:11
As many of us know in New York, car insurance is not optional. If you have a car, you need car insurance, and if you finance/lease a car, you need comprehensive car insurance. Many of us rea… Read More
2018-07-30 16:27
Once you have overcome the setback of losing your job, and, for many of us, your main source of income, getting your finances in order can have a calming effect on the chaos of being out of… Read More
2018-07-16 20:14
What is a diminished value claim? How can I claim it? It's a little-known insurance payout. It amounts to compensation for the loss of your car's resale value after someone else hits it. Mos… Read More
2018-07-09 18:48
Many people would love to travel more. In fact, in 2016, Americans forfeited 206 million vacation days. That means that workerslost $66.4 billion worth of benefits and, according to a new st… Read More
2018-06-25 14:41
As a real estate agent, you are constantly running around. If it's not open houses or client meetings, it's checking out new homes and businesses. If it's not researching neighborhoods, its… Read More
2018-06-18 19:13
Let's face it, a majority of Americans are massively under prepared for their non-working years, aka retirement. According to research, the average retirement savings for families aged 56 to… Read More
2018-06-11 12:48
For most millennials, investing as soon as they get out of college is almost impossible. In their most recent survey, the National Association of Colleges and Employers found that for 10 bro… Read More
2018-02-13 12:57
What does investing actually mean? When you hand money over to a broker, bank, or advisor, and they say we want to "diversify your portfolio" what actually happens to your hard earned capita… Read More
2018-02-05 15:03
SEP. IRA. HSA. 401K. 403B. How much should you put into your company 401k? How much money can you afford to put into an HSA? What is the difference between a Roth and a Traditional IRA? What… Read More
2018-01-15 18:32
Most people don't know this answer. Is interest on your credit card calculated monthly or daily? If you guessed monthly, for the majority of credit cards, you would be wrong. How is interes… Read More
2018-01-08 15:09
An important question I always get asked is “Which retirement account should I open?” Let’s talk about the differences between a Traditional IRA or a Roth IRA first and for… Read More
2018-01-02 13:33
As with most American’s, we use our credit daily, by using our credit cards to build reward points, having a mortgage on the way to home ownership, to having a small business loan to a… Read More
2017-12-11 15:19
One of the biggest decisions retirees have to make is, deciding when and how to claim Social Security benefits. Despite changes to two rules that took effect in 2016, there are still opportu… Read More
2017-12-04 15:01
One of the most common questions I get asked in my profession is “How does interest work”? To understand how they work, we’re going to break down each area of loans.First l… Read More
2017-11-27 15:01
Let me start out by saying, I know it may not be exciting budgeting for Life Insurance, like it is for a vacation, or fitting in a new car payment, but it’s much more important. Many p… Read More
2017-11-20 15:16
Social Security. It’s the social net of many American’s. Many people don’t even realize, even if you have never worked under Social Security, you may be able to get spouse'… Read More
2017-11-13 16:10
For most of your life, you had to work hard, deal with the roller coaster of life, have been through recessions, golden years, and now you are literally in the home stretch, to your own reti… Read More
2017-11-07 04:58
This is it for you. You finally hit 50, you are in the last stretch of putting in those long hours working, to being able to cross the finish line and retire. This is by far the most critica… Read More
2017-10-30 14:55
To put it bluntly, many consumers trust their advisors with one of the most precious things in their lives’, their retirement. The difference in an advisor that does well for you, and… Read More
2017-10-23 14:01
As an advisor, I get asked a lot of questions about life insurance, and polices that already are in force, so I put together a few Questions and Answers that I get asked the most about, and… Read More
2017-10-16 14:15
18 is a huge year for many children. It means for most; they are now adults. The stores finally will sell them cigarettes in most states. They are allowed to apply for their first credit car… Read More
2017-10-02 15:37
Credit score is by far the most important “score” in your life. It is how banks, credit cards, and even car insurance companies rate you. According to MyFico the difference betwe… Read More
2017-09-25 14:23
Losing a loved one can be a very overwhelming and emotional time. Beyond the emotional challenges, you may also find yourself dealing with a seemingly endless numb… Read More
2017-09-18 14:52
There are many reasons people buy life insurance as it offers some unique features that are not found in many other financial products. For example, you can build cash value, over fund polic… Read More
2017-09-11 15:13
In a more perfect world, every college degree would come with a life manual for navigating the world of financial obligations. Financial decisions that you make now, and those that are avoid… Read More
2017-08-28 14:40
Many people don’t understand the benefits of trusts, how to go about forming one, or even at its basic form, what a trust is. Simply put a trust is a document that spells out the rules… Read More
2017-08-21 14:06
Your 20’s were great, you finished school, you found your career, you earned a couple of raises, and now you’re finally 30. It was fun being reckless and care free. Now what? May… Read More
2017-08-14 13:00
Building actual wealth comes down to just a few simple habits, and the earlier you establish them in your life, the better your chances of reaching seven figures. Set your finances to a… Read More
2017-08-07 16:20
Many people have no gauge on where they should be at their age, nor do they have a benchmark, or a simple playbook to look at to see where their goal’s align. &n&hell…Read More
2017-07-31 14:00
For most of us, tax season ends mid-April. The stress and preparation of going through a complete review of your finances for the year can be harsh. The last thing most of us want to think a… Read More
2017-07-24 14:39
How time flies, it’s another work anniversary, and with that, a good time to reflect on where you are in your career both professionally and financially. It couldn’t be a… Read More
2017-07-17 12:45
Between forty to fifty percent of all marriages end in divorce. Maybe you have gone through it, or chances are, you know someone who has, you don’t need me to tell you how financially… Read More
2017-07-10 13:40
So, you have been divorced for a few years now, and are heading into your sixties, what are your social security options? Did you know you can collect what Social Security calls ex-spousal b… Read More
2017-06-19 14:07
Where ever you place your child's college savings could impact his or her ability to attend college almost as much as grades and standardized test scores. According to Sallie Mae, the averag… Read More
2017-06-12 15:27
Not everyone knows what a life insurance policy is, it's an insurance contract in which an insurance company promises to pay out a monetary benefit to policy beneficiaries after the insured… Read More
2017-06-05 14:28
Another year wiser, and another year older! With that, what will you wish for this year? Continued good health? Professional Stability? A big lottery win? Since you only have one wish, it&rs&hell…Read More
2017-05-30 12:54
Congratulations! Great job! It's easy to get so caught up in the excitement of having a new job that you don't stop to think about what this will mean for your finances.Here are a… Read More
2017-05-22 15:12
If you are expecting a child and are considering life insurance, the first thing you should realize is this is a smart move! But if this is your first time looking for coverage, you may have… Read More
2017-05-15 15:13
Great, you have a reason to meet with a financial advisor, and now you are going to interview someone, who hopefully will manage part or all your financial future. What should you do before… Read More
2017-05-08 14:02
Talk to Human Resources About Your BenefitsOne thing that you can be sure your financial advisor will talk about? Retirement. 99.99% of all advisors talk about retirement with clie… Read More
2017-05-03 14:17
With people living longer then ever, and now the average life expectancy moved up to 87 years, many people ask themselves Will they outlive their money? It might seem impossible to answer. W… Read More
2017-04-22 22:17
Last year the average tax refund was $2,857. It's the biggest lump sum most people will get in a year. Here are 8 smart ways to spend your refund check, that can help you go the extra mile… Read More
2017-04-17 20:51
According to this HSBC survey of 16,000 people across the world, 69% of retirees plan to leave an inheritance to their offspring, at an average of $177,000. Retirees in India were most likel… Read More
2017-04-10 20:54
Even though more women are becoming involved in, and to an extent taking over, the family finances, widowhood remains a significant risk factor when it comes to falling into poverty. More th… Read More
2017-04-03 20:48
David Perrotto, an advisor with Perrotto Private wealth, has been helping people with all different backgrounds for over a decade, and he says he still finds that people overlook the value o… Read More
2017-02-27 16:57
Liquidity events, such as a successful IPO, the sale of your company, are often large milestones for founders and entrepreneurs. The business typically undergoes significant changes: there c… Read More
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