This year, tax time may be a little different. On March 17, 2021, the U.S. Treasury Department and the IRS announced that the federal income tax filing due date for individuals for the 2020 tax year would automatically be extended from April 15, 2021, to May 17, 2021. This postponement to May 17, 2021, of the federal tax filing deadline, only applies to individual federal income tax returns and tax payments otherwise due April 15, 2021. Also, note that this relief does not apply to estimated tax payments due on April 15, 2021.

As a portfolio manager at Carnegie Investment Counsel, I am involved with creating portfolios designed to help clients meet their goals. For individuals, corporations or nonprofits, investment policy statements (IPS) are a way to outline goals and objectives. Outside of work, I serve as an investment committee member for my church's endowment. As such, I am sharing my IPS experience as a portfolio manager and as a community member in my church. Let's start with some basics.

Brittany Blazey loves to think of ways to make her clients feel valued. Her role as the Relationship Manager at our Toledo Office is a perfect fit for a person with a heart for taking care of clients.

Thinking about another marriage as you approach retirement? What are the financial considerations?

Getting married at any point in life is an exciting step toward personal and shared fulfillment. But getting married later in life can be both exciting and potentially challenging, at least from a financial standpoint. Compared to those who are marrying for the first time, people who remarry likely have to solve a much more complicated financial equation in order to be prosperous.

Before you tie the knot a second or third time, you and your future spouse should have an open and sincere discussion regarding your respective finances. Some points in this conversation will probably be uncomfortable, but you can avoid future arguments by laying all your financial cards on the table today. Consider the following discussion points:

Suddenly find yourself winning the lottery or with an unexpected inheritance? Or maybe you sold your company for a surprising amount. Managing sudden wealth includes both mental and financial considerations. So while it may seem like a dream come true for some, it can be detrimental to those who don’t know how to manage the sudden event.. Here are 12 steps to help you survive and thrive:

We learned a lot about ourselves in 2020. Below are some "Do's and Don'ts" we should keep in mind for the coming year:

After nearly a year of dealing with the fallout from the Covid-19 pandemic, most of us have come to the realization that our lives will be forever altered in some way. Aside from the challenges to public health and the social disruptions involved, Americans' economic impact has ranged from modest to devastating. Here are tips to help you and your loved ones stay on track with long term financial goals:

Take Advantage of This Time to Take Stock
Many people are experiencing extraordinary stress levels during this time, and economic uncertainty is a prime cause. Despite these challenges, this is a great time to take a moment to assess your financial goals and how well they are being met. You might have more time on your hands and fewer distractions, so it is a perfect time to revisit your financial targets.

While the pandemic may have altered your approach in the near term, it is essential you maintain steps that will give you and your family long-term financial security.

The Thanksgiving holidays provide a time for gathering with family and friends, whatever that looks like for you in 2020.

We asked our team members about games they played with family around the holidays that helped them learn money management. Below our financial advisors share their holiday favorites. 

Do you have a personal bucket list or a roster of things to do before you die (or “kick the bucket”)? What’s the value of such a list? Why do many people create an inventory of things to accomplish during their lifetimes? How do you conceive a bucket list for yourself or with your loved ones?

Today, some people begin creating their bucket list earlier in life, possibly merging their list or revising it with a spouse in later years. Others do not even begin considering their lifetime goals until middle age or as retirement beckons. In recent months, the pandemic has made exotic travel even more of an aspirational future dream but still bucket-list worthy. 

Your bucket list can take many different forms, but the underlying design will always revolve around your aspirations and subsequent achievements. Here we also provide advice on how to plan for your bucket list items financially.

There is no specific timeline to help guide your journey to financial well-being. As such, there are no hard and fast rules that will determine the best time to engage a financial professional to help manage your assets. 

Many people feel that they can manage their investment portfolios on their own in spite of a lack of overall financial literacy or training. As your nest egg grows and your situation becomes more complicated though, you may find yourself in need of an all-encompassing financial game plan. Finding an advisor with whom you can develop a long-term relationship can go a long way toward meeting your financial goals.