Penn Rise Advisors

08/12/2026

We had a great lunch today Victory Brewing Company Parkesburg. If you call the office be sure to wish Chris a happy birthday!

07/10/2026

530A /Trump Accounts opened on July 4. A few questions are worth considering:

➡️ Our baby is 18 months old. Do we qualify for the $1,000?

Yes. Every U.S. citizen baby born since January 1, 2025, qualifies for a one-time $1,000 federal contribution.

➡️ Is there an income maximum?

No. Eligibility is based on the child's citizenship and birth date, not family income.

➡️ Our child is 7. Did we miss it?

Not entirely. Any U.S. citizen under 18 can have an account opened. The federal $1,000 payment applies only to children born in 2025 through 2028, but everything else still applies.

➡️ Can grandparents contribute?

Yes. Up to $5,000 per year combined across parents, grandparents, family, and the child themselves.

Deciding on whether to contribute, how much, and how to coordinate it with what you already have are all worth talking through. Your financial goals and situation play an important role in how to proceed.

07/04/2026

Have a safe and happy 4th of July!

07/01/2026

Money wisdom from Ben Franklin!

06/24/2026

On National Family Owned & Operated Businesses Day we honor and recognize the resilience, community impact, and multi-generational dedication of family-run businesses.

The list of family operated businesses in our membership is EXPANSIVE. ChescoWest is so fortunate to have so many multi-generational and longstanding family businesses that are the cornerstones of our communities. Check out our community at: https://membership.westernchestercounty.com/list/

Tag a Family Business you know to give them a big thank you for their tireless work.

Thank you !

F. Frederick Breuninger & Son Insurance, Inc. Crop's Fresh Marketplace APA Tax Accountants Inc Kings Tavern Barry's Collision Repair of Parkesburg The Wright Agency (Downingtown, PA) Stargazers Vineyard and Winery Triple Fresh Market Honeybrook Golf Club Precision Flooring Enterprises, LLC Clarel Maintenance Penn Rise Advisors City Construction Co., Inc. JGM Little Chef D Howe & Sons Construction The Coatesville Flower Shop Wentz Funeral Home Blue Dog Printing & Design Hatt's Hardware Dibiase Heating And Cooling The Stove Shop Fireplace Experts Spring Creek Design Chester County Tile & Design Pelet Welding Quik Stop Pharmacy Darryl N Barber Plumbing Heating Homestead Studios
Five Point Renovation & Remodel, LLC

06/21/2026

Happy Father’s Day to all the dads, grandfathers, stepdads, and father figures.

Today we celebrate the sacrifices you make, the lessons you teach, and the memories you help create. Wishing you a day filled with love, laughter, and appreciation. ❤️

Happy Father’s Day!

06/16/2026

If your kids are starting a summer job, why not look into a Custodial Roth account? Talk to your kids about how they can get started with tax-advantaged savings. Whether they put money in the account or you get it started for them with a gift, it’s a good way to start a great habit. For more information or to set up a meeting, drop us a note today!

We can explain the pros and cons of Custodial Roth IRA, and introduce you to some of the unique features of custodial accounts, including when kids can take control of the asset. Also, remember, with a Roth IRA, to qualify for the tax-free and penalty-free withdrawal of earnings, a Roth must meet a 5-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, and the original Roth IRA owner is not required to take minimum annual withdrawals.

06/01/2026

Tax reminder! Your second-quarter estimated income tax payment is due on June 16, 2026.

If you're self-employed or earn income that isn't subject to withholding, now is the time to make sure your payment is on track. Don't wait until the last minute—a missed or underpaid estimated tax payment can mean penalties come filing season.

Not sure how much to pay? A good rule of thumb is to pay at least 90% of what you'll owe this year, or 100% of last year's tax liability—whichever is smaller. If you want more specific information, check with your tax, legal, or accounting professional.

05/29/2026