A Roth 401(k) offers tax advantages. Here’s how it works

by Diahann W. Lassus, CNBC Contributor and President of Lassus Wherley, a subsidiary of Peapack-Gladstone Bank

CNBC 04/23/2019

Investors hear a lot about the importance of diversifying their retirement portfolio. Having the right mix of small and large caps, U.S., international, bond and alternative investments is critical to your long-term success. But what about tax diversification? This can be just as important as what kinds of stocks, bonds and mutual funds you own. Most Americans have the bulk of their retirement savings in a 401(k) plan or similar employer-sponsored retirement account, and that’s great. Contributions to a 401(k) plan can reduce your taxable income today. But eventually, when you take distributions from the account, you’re going to owe ordinary income taxes. read more »

Avoid a go-for-broke investing mentality by keeping emotional decisions under control

by Diahann W. Lassus, CNBC Contributor and President of Lassus Wherley, a subsidiary of Peapack-Gladstone Bank

CNBC 10/9/2018

The simple answer to the question "Should I go all in?" is "Don't do it." It is very difficult to stay focused on your long-term goals when the market has gone up for an extended period of time. Most people recognize the feeling they get when they watch the financial markets rally or they review their investments after a really positive couple of months and realize they aren't keeping up with the Dow Jones Industrial Average. We all seem to second-guess our decisions when the market has gone up more than our portfolios, and have those moments when we start thinking maybe we are doing something wrong. The reality is that you may not actually be doing anything wrong in your investment portfolio. To that point, tracking your portfolio based on one index is definitely not the way to measure performance.  read more »

Don’t wait for a tax reform to start your tax-planning strategy

by Diahann W. Lassus, CNBC Contributor and President of Lassus Wherley, a subsidiary of Peapack-Gladstone Bank

CNBC 09/20/2017

There has been a great deal of discussion concerning tax reform these days, and many people are putting tax planning on hold until they see what Congress is actually going to do. Since that could take a lot of time and we don't know if any changes will actually occur, it makes more sense to plan now and adjust later if the world changes. Focus on what you know and what you can control, and don't worry about any changes until they actually occur.​ read more »

How To Survive The Holidays With Your Credit Still Intact

by Diahann W. Lassus, MBA, CFP®, CPA/PFS

CNBC 11/17/2016

NEW PROVIDENCE, NJ - It's that time of year when people make various lists — which is great. What isn't so great is all the additions we make to those lists over the few weeks leading up to the holidays. Those exceptions can really take a toll on our holiday spending. We keep thinking that it is only once a year, right? Unfortunately, for most of us, the spending is really not just once a year, and that December spending binge really puts us over the top on our spending plan. If you don't want your credit card bills to take over your mailbox, make your plan now and focus on keeping that spending under control. Here are some tips on how to take control of your finances during the holidays and throughout the year.  read more »

Lassus Wherley Urges Wariness Of Identity Theft

by Diahann W. Lassus, MBA, CFP®, CPA/PFS and Deborah J. Rivosa, MBA, CFP®, CFA

The Alternative Press 9/24/2014

NEW PROVIDENCE, NJ - The recent issues experienced at Home Depot and the data breach reported by Target last December remind us that we need to pay attention to what is happening with our personal information. Here are some of the things we all need to pay attention to regarding protecting ourselves from identity theft. Identity theft occurs when someone steals your personal information and tries to use it for his or her own purposes. It can ruin your finances and your credit history, and can take an enormous amount of time and energy to correct, to say nothing of the angst and stress it creates. read more »

It's Not Too Late For Financial Planning As You Approach Retirement

by Suzanne C. Low, J.D., CFP®

Naples Daily News 3/13/2013

If you are one of the many soon-to-be retirees moving to Southwest Florida withouth having prepared a financial plan, it is not too late to do so. Many of our clients fall in love with our beautiful area and buy a home, comforted with their significant retirement and other investments but not knowing how much longer they need to work to live their desired lifestyle.  read more »

Estate Planning - High Net Worth Women Require Complex Planning

by Suzanne C. Low, J.D., CFP®

Naples Daily News 03/11/2012

High New Worth women are increasing in numbers. Women comprise half of all individuals with assets over $500,000 and women control more than 50% of the private wealth in the US and need to take charge of their estate plans as well. read more »

2010 - A Year Of Challenges In Global Markets

by Diahann W. Lassus, MBA, CFP®, CPA/PFS

Center for Women's Business Research Horizons 12/2010

Stocks began 2010 on an up note but we were soon forced to deal with many issues that moved in and out of focus throughout the year. read more »

Rebalancing: More Than Software

by Diahann W. Lassus, MBA, CFP®, CPA/PFS

AICPA   4/22/2010

We celebrated our 25-year anniversary this year and during that time we have used many different systems to review client portfolios and for rebalancing accounts. Reducing the manual effort is always a priority because we recognize how little value the process adds to the client experience. read more »

Voices: Diahann Lassus, On Understanding The Value Of Planning

by Diahann W. Lassus, MBA, CFP®, CPA/PFS

Wall Street Journal    12/10/2009

So many consumers don't really get financial planning: They make the assumption that financial planning simply means investing, and vice versa. As a result, we spend a lot of time and energy trying to explain to people that there are many other aspects of financial planning. read more »

You Can Avoid The Next "Madoff"

by Diahann W. Lassus, MBA, CFP®, CPA/PFS

New Jersey Business    12/1/2009

With so many headlines about fraudulent behavior on the part of some financial advisors, it is more important than ever to proceed cau- tiously when hiring an advisor. read more »

NAPFA Addresses Lieber NYT Article

by Diahann W. Lassus, MBA, CFP®, CPA/PFS

Thinking Beyond Numbers    6/22/2009

Per an email from NAPFA Nation Chair Diahann W. Lassus addressing the New York Times article by Ron Lieber from June 5th entitled Finding Financial Advice in an Age of Bad Behavior: read more »

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