Generations Asset Management Lock Haven

01/28/2024

01/28/2024

01/10/2024

Power is out…

12/08/2023

There’s nothing better than a rainbow after the storm…
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10/22/2022

10/22/2022

08/30/2022

Getting an order of fresh lobster can only mean one thing... New England lobster roll!! What the heck, while we're at it, a fresh batch of lobster bisque! Stop by the Inn this weekend, it's going to be delicious!!

12/07/2015

http://money.cnn.com/2015/11/04/smallbusiness/pencils-sprout-plants/index.html?iid=SF_LN

OK, you did the same thing we did when we saw the headline, “the what with the what??” Then it sinks in that the inventor is correct; we just throw out the pencil nubs. Millions of them may be a little far-fetched as fewer, and fewer people write with pencil and paper. This also serves as an aspect of who people put their money towards improving the world. The cost on these growing pencils is well above what would be considered average, yet he sold 70,000 pencils from the articles information. There are stocks out there considered “green” and there are a few different mutual fund families that offer “Green finds or “socially conscious funds”, or even “orally conscious funds.” It is possible to have an investment portfolio which may follow your passions toward causes, the returns may or may not match the regular performance of other companies in similar categories. The green movement has fast changing trends in products, and some products can become obsolete quickly. However, if you are using pencils and need to grow some food after you have used them up, this could be just the right thing for you.

Sprout World has created plantable wooden pencils that you can grow into vegetable, herb or flowering plants once you're done using them.

12/03/2015

http://money.cnn.com/2015/10/30/smallbusiness/dropout-club-for-doctors/index.html?iid=SF_LN

The advent of clubs and membership is popular. Some doctors are deciding to give up everything they have worked toward to become one just to take on an entirely different career. This business model is an open marketplace to recruit medical professionals. Sadly, some of the reasons stated in the article as to why they are leaving are related to paperwork and restrictions to do what they felt was the core of their work. This is an example of just how much the medical and health care industry is changing around us. Many other doctors are going to solo private practices where they do not take insurance at all but just have a select group of clients and charge an annual fee, making their overhead smaller, paperwork less, and if they need to spend an hour with a patient, it is not an issue. Where will health care go forward from this point is very open for discussion.

The Drop Out Club, started by physicians, is a networking platform that specifically helps doctors find careers outside of medicine.

11/30/2015

http://www.foxbusiness.com/personal-finance/2015/11/13/6-discontinued-cars-that-millennials-love/

An interesting read. Could it be there is a new generation of up and comers that do not need the $80,000 car or SUV? Is this a crossover of being practical and being hip. Most of these cars stopped being in production for various reasons, sales being top of the list. These less expensive vehicles can lead to this group being able to do more with their money. They may save more toward a new house or put more into their retirement plans. If you have looked at getting one of these cars not only because you like it but is means little or no car payment, good for you. If you want to talk about other ways in which to leverage your financial position to grow your savings, create life insurance coverage, or to get the college savings going for the newborn, we are here to talk about it with you.

No surprise that millennials are buying used cars, but just look at what they're buying.

11/26/2015

http://www.foxbusiness.com/investing/2015/11/15/how-estate-tax-exemption-for-2015-and-2016-could-save-your-family-millions/

We may hear stories such as this and think that this only effects the rich. True, the wealthier folks have to make sure they carefully review and assess their financial planning on a regular basis. In the bigger picture, these exemptions are also designed for the farmer who has large sections of land to be passed on to the family that could be worth millions to a developer or county assessment. It might be the owner of a small factory or production facility, support a local community with employment. These people would probably never define themselves as wealthy. If there are any strategies you want to understand further, conversations with both your tax person and your financial advisor is a good first step.

Image: 401kcalculator.org via Flickr.