Wheelhouse Wisdom Blog


Monthly insights from our team of financial professionals.

Fraud Prevention

Written by: Lauren Ferraro, CFP ®, CPC, CPFA, AIF®, Senior Wealth Manager Fraud occurs when someone wrongfully attempts to steal money or personal information to result in financial gain.  There are different types of fraud including phishing scams, data breaches, identity theft, credit fraud, and mail fraud.  To prevent fraud ...
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Investor Bias

Written by: Andrew Briesacher - Wealth Manager Bias comes into play with any decision made in life. It should come as no surprise that our biases can often affect our emotions when making decisions about money. Even as a wealth manager, I too am no stranger to letting past experiences ...
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Health Savings Accounts

Written By: Rishi Ghosh - Founder and Principal What better time to talk about Health Savings Accounts than the season that is riddled with falls, viruses, and colds? A Health Savings Account or “HSA” is a tax-advantaged savings account available to people who are enrolled in a High Deductible Health ...
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The Wide World of Annuities

Written By Anthony Striker, MBA - Senior Wealth Manager Today I want to put in writing some thoughts that I have about what I jokingly tell our clients is the “most googled term in our industry”, annuities. Like any other product, annuities can be used as a tool in a ...
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Changes to Social Security for 2024

Written by Lauren Ferraro, CFP®, CPC, CPFA, AIF® - Senior Wealth Manager Whether you’re sitting around the dining room table, playing golf with friends, in the office, or at the gym, It often seems as though the word “retirement” cannot be mentioned or discussed without “Social Security” joining the conversation ...
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Retiring With A Mortgage

Written by: Andrew Briesacher, CRPC® - Wealth Manager Recently, many clients and prospects have inquired about whether they should pay off their mortgage in retirement. While there can be easy math behind the decision, there are a lot of factors to consider before finding the best course of action. The ...
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The Importance of Knowing Your Fees

Written by: Anthony Striker, MBA - Senior Wealth Manager This month I want to talk all about fees and account or investment costs. When working with a financial advisor, or even when self-managing an account, it is imperative to know what costs are associated with that account, investment, or overall ...
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FDIC, SIPC, and State Guaranty Funds

Written by: Lauren Ferraro CFP ®, CPC, CPFA, AIF®, Senior Wealth Manager The collapse of Silicon Valley Bank and Signature Bank earlier this year has caused customers and investors to reassess whether their assets are protected in their bank accounts, brokerage accounts, and insurance companies. There are separate types of coverage ...
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Buffered ETFs – Worth the Hype?

Written by: Andrew Briesacher, CRPC® – Wealth Manager Here at Wheelhouse Advisory Group, we aren’t a team that jumps on a new trend without thorough research and investment discipline; however, we do think it is important to stay on top of new ideas and products so that we fully understand ...
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Planning for Vacations and One-off Expenses

Written by: Andrew Briesacher, CRPC® – Wealth Manager With summer vacations in full swing, now is a perfect time talk about planning for these types of expenditures in retirement. It is important to discuss how you plan financially for expenditures like vacations or one-off expenses in retirement. Many times, when ...
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Recessions – Is there one in our future?

Written by: Anthony Striker, MBA, Senior Wealth Manager What You Should Know About Recessions With inflation being higher than average and interest rates rising, you may have heard talk or seen headlines about an upcoming recession. This month, we wanted to detail what a recession is and how it can ...
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Caring for Aging Parents

Caring for Aging Parents

Written by: Lauren Ferraro, CFP ®, CPC, CPFA, AIF®, Senior Wealth Manager Are your parents aging and or already experiencing difficulties managing and preparing their finances for their future, including a future where they may no longer be in control? Often times adult children find themselves in a situation where ...
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Planning for Loved Ones

Written by: Anthony Striker, MBA - Senior Wealth Manager When building our overall financial picture, we cannot forget those near and dear to us. This can include planning for our spouses, children, grandchildren, nieces and nephews, and many more! For this blog post I wanted to touch on life insurance, ...
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Here’s what you need to know about SECURE Act 2.0

Written by: Rishi Ghosh, Founder & Principal The first version of the SECURE Act, which passed in December 2019 had two main walkaways for retirees:  It pushed Required Minimum Distribution (RMD) age back from 70.5 to 72 and   It eliminated the “stretch IRA” for beneficiaries, now requiring Inherited IRAs to ...
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Gifting Strategies and Catch-up Contributions

Written by: Anthony Striker, MBA, Senior Wealth Manager As the year-end nears, this is a good time to consider the benefits of gifting.  Gifting allows you to pass assets to beneficiaries in a tax-efficient manner.  Giving assets to your loved ones while you are alive has many benefits.  Gifting allows ...
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