Champlain Wealth Management LTD

Champlain Wealth Management LTD We’re a team of independent advisors dedicated to guiding pre-retirees as they plan for a confident financial future.

Please see website for additional information and important disclosures.

True or false: Americans in March 2026 are applying for fewer mortgages than they were during the Great Recession.True. ...
06/02/2026

True or false: Americans in March 2026 are applying for fewer mortgages than they were during the Great Recession.

True. And it's not even close.

96 OF THE 100 LOWEST NUMBER OF WEEKLY MORTGAGE APPLICATIONS SINCE 1999 HAVE HAPPENED IN THE LAST 3 YEARS! (according to the Mortgage Bankers Association's Mortgage Application Index)

Yet, unemployment today is a fraction of what it was during the financial crisis.

People aren't staying out of the market because they can't qualify. The market is gridlocked. Here's why. 👇

1️⃣ Millions of homeowners locked in at 3 percent during the pandemic. Selling means giving that up for another mortgage that may have a higher interest rate. So they're not moving.

2️⃣ If existing owners aren't selling, inventory can become thin, prices might stay elevated, and buyers wait for something to change.

3️⃣ Most are waiting for rates to drop. But when they do, demand may pick up, competition returns, and that window closes faster than expected.

Here's the truth about market timing: it almost never works the way people picture it.

The better question isn't "When is the right time to buy?" It's "Am I financially ready to move when the right opportunity comes?" 📋

According to a Fidelity article, for the ‘25-’26 school year, the average published all-in cost at a 4-year public schoo...
05/29/2026

According to a Fidelity article, for the ‘25-’26 school year, the average published all-in cost at a 4-year public school for out-of-state students is $45,780, and the average private school costs $60,920.

So, because today is 529 Day (it’s 5/29, get it? 😂), it’s a good time to revisit one of the most flexible tools for tackling those numbers.

What 529 plans actually do:

📚 Tax-free growth and tax-free withdrawals for qualified education expenses. State tax treatment will vary, and so will fees and expenses.

📚 Use them for college, trade school, K-12 tuition, and apprenticeships. A 529 can even repay up to $10,000 in student loans.

📚 Whether a 529 qualifies for a state tax deduction will depend on your state of residence, as state tax laws and treatment may vary from federal tax laws.

📚 Superfund up to $95,000 in a single year by using five years of gift tax exclusions at once. But remember if you make nonqualified distributions, earnings will be subject to income tax and a 10 percent federal penalty tax.

📚 Minimal impact on financial aid—parent-owned 529s are assessed at a maximum rate of 5.6 percent.

Grandparents, parents, aunts, or uncles can contribute.

And starting in 2026, the K-12 annual withdrawal limit doubles to $20,000.

The best time to start was years ago. The second-best time is now.

At Champlain Wealth Management, we honor and remember all of the brave service members who have sacrificed for our count...
05/25/2026

At Champlain Wealth Management, we honor and remember all of the brave service members who have sacrificed for our country. Thank you for everything you have done for us and for the freedoms we enjoy every day.

Think you have to start claiming Social Security at 62?That's a myth that could cost you.Fidelity recently broke down th...
05/21/2026

Think you have to start claiming Social Security at 62?

That's a myth that could cost you.

Fidelity recently broke down this common misconception with the facts behind Social Security:

➡️ Claiming at 62 locks in a permanent 30 percent reduction compared to waiting until full retirement age.

➡️ Waiting from 62 to 70 can increase your monthly benefit by approximately 77 percent.

➡️ If you're divorced after 10+ years of marriage and haven't remarried, you may be entitled to 50 percent of your ex-spouse's benefit, and claiming it doesn't affect theirs at all.

➡️ Benefits are based on your highest 35 earning years, not just what you made before 65. Working past 65 can still improve your calculation.

➡️ Once you claim it, that's your benefit, adjusted only for cost-of-living increases.

The decision of when to claim is one of the most consequential decisions when preparing for retirement.

For a benefit designed to last 20, 30, or more years, the math is worth getting right. 📊

May is National Pet Month! At Champlain Wealth Management, we’re giving a special shoutout to Wrigley — our ball‑obsesse...
05/18/2026

May is National Pet Month! At Champlain Wealth Management, we’re giving a special shoutout to Wrigley — our ball‑obsessed morale officer who brings lots of laughter to the team.

Pets make our days better in ways big and small: they remind us to take a break, help us laugh at the little things, and show up with unconditional enthusiasm.

They also teach patience, responsibility, and how to budget for surprise vet visits.

Who else has a pet who runs the household? ❤️🐶

This is Asian American and Pacific Islander Heritage Month.The AAPI community has shaped this country in countless ways,...
05/16/2026

This is Asian American and Pacific Islander Heritage Month.

The AAPI community has shaped this country in countless ways, from business and science to arts and public service.

We're proud to celebrate alongside our AAPI clients, colleagues, and friends.

Your retirement outlook probably covers income, investments, and Social Security.But does it answer this question: if yo...
05/14/2026

Your retirement outlook probably covers income, investments, and Social Security.

But does it answer this question: if your health changes at 82, who coordinates your care, how is it paid for, and what burden does it place on the people you love? 👇

That's the conversation most families aren't having early enough.

A few numbers that put it in perspective:

✅ 70 percent of adults who reach 65 will need some form of long-term care.

✅ A semi-private nursing home room now costs a median of $114,975 per year, and that number is climbing fast.

✅ Projected out 20 years, nursing home care could approach $186,000 annually.

✅ Continuing care retirement communities (CCRCs) offer an alternative: move in while independent, with access to assisted living, memory care, and skilled nursing on one campus as needs change.

✅ A portion of CCRC entrance fees and monthly fees may have tax considerations since they can be classified as a medical expense. Most people don't know this.

The biggest mistake we see?

Waiting.

CCRCs require applicants to be healthy enough to live independently. Many have waitlists.

"I'll just stay in my house" feels like the safest option. But it's only safe if you've stress-tested what happens when care needs escalate.

Have you started this conversation with your family or your financial professional? 👇

Yesterday was National Golf Day! We hope your drives were long, your putts merciful, and your mulligans plentiful. ⛳️Sha...
05/11/2026

Yesterday was National Golf Day!

We hope your drives were long, your putts merciful, and your mulligans plentiful. ⛳️

Share your favorite golf course below — we’d love to hear where you play.

💐 Happy Mother's Day to all of the moms, stepmoms, grandmothers and mother figures who have and who continue to love us ...
05/10/2026

💐 Happy Mother's Day to all of the moms, stepmoms, grandmothers and mother figures who have and who continue to love us and be there for us.

It's important to take the time to acknowledge, give thanks to and celebrate the women who care so deeply and shape our lives. We see you and we appreciate you.

Happy Mother's Day!

'sDay

Small businesses are the places where neighbors meet, ideas start, and communities stay vibrant.Owners quietly handle a ...
05/04/2026

Small businesses are the places where neighbors meet, ideas start, and communities stay vibrant.

Owners quietly handle a lot behind the scenes—managing operations, supporting staff, and keeping the doors open day after day.

If you have a favorite local spot, tell someone about it this week or stop in and say thanks. We’re grateful for every customer who chooses local.

Address

2452 Route 9, Suite 304
Malta, NY
12020

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Telephone

+18607981280

Website

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