The Harvest Times

Explore The Harvest Group’s latest blog posts, expert advice, news, and commentary. Learn more about the features of our innovative blog here.

How to Avoid Pitfalls in Family Financial Planning

It’s often said that the hardest thing for families is to talk about money. This is especially the case for families with inheritance expectations, as parents want to avoid seeing their children lose motivation because of an expected future bounty. However, as we’ve seen time and time again, avoiding the conversation doesn’t make the problem go away. The Harvest Group deals with complex family dynamics on a daily basis. We promote healthy, open dialogue to eliminate conflict before it begins. As a result, families that visit us have much less conflict than the ones that keep everything secret. The presence...

A Woman’s Guide to Health Care in Retirement

The Harvest Group's Insight
Health care should be a top priority at any age. But as we grow older, its importance becomes much more paramount. For women entering retirement, an understanding of Medicare and the so-called "Medigap" is essential for ensuring your long-term needs are met.


Article Excerpt:

At any age, health care is a priority. But when you retire, you should probably focus more on health care than ever before. That's why it's particularly important for women to factor in the cost of health care, including long-term care, as part of their retirement plan.

Important Estate Planning Tools for Divorcing Women Business Owners

The Harvest Group's Insight

Today's high divorce rate means women need to take charge of their financial future. Women business owners in particular should be vigilant when it comes to financial planning. Laurie E. Ingwersen, Managing Partner and Senior Wealth Management Advisor with The Harvest Group, discusses the most important estate planning tools for divorcing women business owners to maintain control of their financial future.


Article Excerpt:

A high divorce rate, in addition to women outliving men, means that 80% to 90% of women will be solely responsible for their finances at some point in their lives. A woman who owns a business may already oversee her company’s finances, but that doesn’t mean she has adequately prepared to protect her wealth and business in the event of divorce or incapacity.

All About Credit Scores

The Harvest Group's Insight

The importance of a good credit score cannot be overstated. Whether purchasing a new card or qualifying for a mortgage, credit has become an integral part of every consumer's life. In the following article, consumers are reminded of the factors that can impact their credit score.


Article Excerpt:

It's difficult to imagine functioning in today's world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a good credit score, so it's important to know how to maintain a positive credit score and credit history.

Charitable Contributions from IRAs

The Harvest Group's Insight

Making a qualified charitable deduction (QCD) from an IRA requires careful planning. Since QFDs count toward satisfying any required minimum distribution (RMDs), important considerations must be made for each tax year. The following article provides a breakdown of your obligations and opportunities from the perspective of charitable giving.


Article Excerpt:

The Pension Protection Act of 2006 first allowed taxpayers age 70½ and older to make tax-free charitable donations directly from their IRAs. By making a qualified charitable distribution (QCD) from an IRA directly to a qualified charitable organization, older IRA owners were allowed to exclude up to $100,000 annually from gross income.

Charitable Giving and the IRS – What You Need to Know

charitable giving
Citizens of the United States are some of the most generous people in the world, and have demonstrated a long history of helping those less fortunate. Today, this is reflected in the sheer volume of donations that are made annually in the name of charity across the country. Americans’ propensity to give was demonstrated recently in the catastrophic hurricane that hit Houston, Texas. Just look at how quickly J. J. Watt of the Houston Texans raised $37,000,000 for those negatively affected by Hurricane Harvey. Mr. Watt was hoping to raise $200,000. He would go on to raise more than ten...

Balancing Your Investment Choices with Asset Allocation

The Harvest Group's Insight

Asset allocation continues to be one of the most important considerations for any well-balanced portfolio. Getting a sufficient mix, balancing risk and return and finding new ways to diversify are all important considerations you and your wealth advisor should consider.


Article Excerpt:

Asset allocation can help you manage the level and type of risks you face as an investor.

Waltham-Based RIA, The Harvest Group, Responds to Morgan Stanley’s Withdrawal from the Broker Protocol by Vowing to Help Advisors Go Independent

BOSTON, MA--(Nov 6, 2017) - The Harvest Group Wealth Management, LLC, a family-owned, independent Registered Investment Advisor (RIA), is stepping up efforts to help veteran wirehouse financial advisors transition to independence, modernize their practice, earn more net income, plan for the succession of their business, and retire with confidence. The Harvest Group's announcement comes in the wake of Morgan Stanley's November 3rd withdrawal from the Broker Protocol, a 13-year-old agreement that governs how financial advisers could leave one brokerage firm for another without getting into legal trouble. Based in Waltham, MA, The Harvest Group is a multigenerational family team of CERTIFIED FINANCIAL...

Close to retirement? A cash balance pension plan might be right for you – DentistryIQ

The Harvest Group's Insight

Laurie Ingwersen explains that dentists may not be aware of the options available to them for retirement savings beyond 401(k)s and IRAs. Cash balance pension plans are gaining in popularity, and for good reason. Read on to see if it might be a good plan for you.


Article Excerpt:

  Dentists may not be aware of the options available to them for retirement savings beyond 401(k)s and IRAs. Cash balance pension plans are gaining in popularity, and for good reason. Read on to see if it might be a good plan for you.