Perrotto Private Wealth

Perrotto Private Wealth Independent wealth advisory practice serving families, business owners, and retirees since 2011. perrottowealth.com (SOSI), member FINRA/SIPC.

Coordinated planning across investments, taxes, retirement, and estate. Perrotto Private Wealth is an independent advisory practice based in Rochester, NY, founded in 2011. We work with affluent families, business owners, executives, and retirees who want coordinated planning across investments, taxes, retirement, and estate. For the most current information about our services, fees, and approach,

please visit perrottowealth.com. To schedule a private introduction, visit calendly.com/perrottowealth. Securities offered through Silver Oak Securities, Inc. Investment advisory services offered through Bright Futures Wealth Management, a registered investment advisor. Perrotto Private Wealth, Bright Futures Wealth Management, and SOSI are not affiliated.

Day one of the NAIFA Congressional Conference in DC. Tomorrow I meet with Senator Schumer's team, Senator Gillibrand's t...
05/19/2026

Day one of the NAIFA Congressional Conference in DC. Tomorrow I meet with Senator Schumer's team, Senator Gillibrand's team, and representatives from across New York.

The biggest takeaway from today: Congress has figured out how to raise taxes without calling them taxes. They do it through fees, and one of the clearest examples is IRMAA.

IRMAA is the income-based surcharge on your Medicare Part B and Part D premiums. The more you earn, the more you pay. Since 2012-2013, the surcharge has grown 4.6 percent a year on average. Last year it went up 5.9 percent. This year, 9.1 percent. No vote. No tax bill. No headline.

If you are a high earner approaching 65, or already on Medicare, this matters. A one-time income event (a Roth conversion, a business sale, a large capital gain) can push you into a higher IRMAA bracket two years later and cost you thousands in surcharges you did not see coming.

This is the kind of thing that does not get covered on the news but shows up in your bank account. Planning around it is part of the job.

Heading to DC next week to lobby with NAIFA. Here is what is actually on the table right now that could affect your taxe...
05/16/2026

Heading to DC next week to lobby with NAIFA. Here is what is actually on the table right now that could affect your taxes, your retirement, and your health coverage.

Taxes. Congress is in the early innings of writing a new tax bill. Ideas being floated include indexing capital gains to inflation, eliminating carried interest, restrictions on private placement life insurance and certain estate planning trusts like GRATs, and making last year's provisions permanent (Trump Accounts, tax-free tips and overtime, the senior deduction, and the deduction for interest on American-made auto loans, all of which currently expire at the end of 2028). Various "tax-the-rich" proposals are also in the mix, including taxes on unrealized gains and wealth itself, though those are unlikely to move this year.

Retirement. Early work is underway on what is being called SECURE 3.0. One bill I am watching, the LaHood-Panetta bill, would simplify the rollover process when you leave a job and make it easier to allocate part of your 401(k) to lifetime income annuities.

Health. ACA premiums are spiking and both parties know it. Republicans want to redirect ACA subsidies into HSAs paired with high deductible plans. Democrats want to expand the subsidies directly. How this gets resolved will change what affordable coverage looks like for self-employed clients and small business owners.

Most of this will get hashed out next year, especially depending on how November goes. But the groundwork is being laid now, and some pieces (capital gains indexing, the HSA shift) could move sooner.

This is why advisors show up in DC. Policy written without input from the people who actually sit across from clients tends to miss how it works in real life.

Being a financial advisor has taught me that success is rarely just about money.The people around you matter. A lot.Too ...
05/13/2026

Being a financial advisor has taught me that success is rarely just about money.

The people around you matter. A lot.
Too many people are surrounded by enablers disguised as friends. People who avoid hard conversations, validate every impulse, and normalize destructive habits instead of holding each other accountable.

Real friendship tells the truth. Real friendship wants better for you.

The quality of your relationships eventually shows up in your finances, marriage, business, health, and family life.

Nobody drifts into a great future accidentally. And nobody gets there surrounded by people afraid to be honest.

Saw this on the subway and it stopped me.There was a time when getting financial advice meant sitting across from someon...
05/13/2026

Saw this on the subway and it stopped me.

There was a time when getting financial advice meant sitting across from someone who knew your name, your family, your goals. It took effort. You had to show up.

Now it is a 30-second TikTok from someone with a ring light and a hot take. Reddit threads full of strangers telling you to dump your 401(k) into options. Influencers selling courses on how to retire at 35 from people who have not retired from anything.

The advice is cheaper than it has ever been. So are the results.

Real planning is not a viral clip. It is someone who knows your tax situation, your spouse's income, what your business actually does, what keeps you up at night. It is boring, it is specific, and it does not fit in a caption.

Stop taking financial advice from strangers on the internet. Find someone who knows you.

Flashback Friday. Market outlook presentation at Bedminster to a great group of clients and prospects. The portrait had ...
05/08/2026

Flashback Friday. Market outlook presentation at Bedminster to a great group of clients and prospects. The portrait had opinions. So did the audience. The best client events are the ones where the Q&A runs longer than the deck, and this one did. Good crowd, good questions, good night.

Recently traveled to Albany to meet with Assemblywoman Sarah Clark and Senator Jeremy Cooney to discuss financial litera...
05/07/2026

Recently traveled to Albany to meet with Assemblywoman Sarah Clark and Senator Jeremy Cooney to discuss financial literacy, insurance reform, and consumer access issues affecting New Yorkers.
One of the biggest topics was financial literacy education. While we’re encouraged to see the Board of Regents incorporating financial literacy concepts into curriculum requirements, we believe students need a dedicated course that carries real academic credit. Understanding budgeting, taxes, debt, credit, insurance, and investing before adulthood can make a major difference in long term financial stability.

We also discussed modernization of Section 4228, Regulation 187, and the Interstate Insurance Product Regulation Compact to help reduce barriers and improve access to life insurance products across New York while still maintaining strong consumer protections.

Additional conversations focused on fraud within the auto insurance and construction industries, the state budget process, and how legislation moves through Albany during session.

One especially positive conversation with Senator Cooney involved his efforts to support funding for Dolly Parton's Imagination Library and expand childhood literacy programs across New York. It’s great to see focus not just on financial policy, but also on getting books into the hands of children at an early age.

Productive meetings and important conversations about improving financial education, consumer access, and long term outcomes for New Yorkers.

SECURE Act 2.0 has more changes rolling in for 2026 and 2027. A few worth knowing now:If you are 60 to 63, your catch-up...
05/04/2026

SECURE Act 2.0 has more changes rolling in for 2026 and 2027. A few worth knowing now:
If you are 60 to 63, your catch-up contribution jumps to $11,250 starting in 2026. If your F**A wages were over $145,000, your catch-up has to go in as Roth, not pre-tax. That changes the math on year-end planning.
Employers can now match your student loan payments as if they were 401(k) contributions. If your plan offers it and you have not opted in, you are leaving money on the table.
QCDs are now indexed up to $54,000 a year. For clients over 70½ giving to charity, this is one of the most efficient ways to do it.
In 2027, the RMD age moves to 75 for anyone born in 1960 or later, unused 529 funds can be rolled into a Roth IRA up to $35,000 lifetime, and employers can offer emergency savings accounts attached to the retirement plan.
If you have not reviewed your contribution strategy or RMD timeline against the new rules, now is the time.

Three ways to save for kids, and they are not interchangeable.A 529 is built for education. Earnings grow tax-deferred a...
05/03/2026

Three ways to save for kids, and they are not interchangeable.

A 529 is built for education. Earnings grow tax-deferred and qualified withdrawals come out federal-tax-free. If college is the goal, this is usually the strongest vehicle.

A UTMA/UGMA is flexible. Funds can be used for anything that benefits the child. The catch: at 18 or 21, depending on the state, the money belongs to them. No conditions, no oversight.

Trump Accounts are the new proposed option. Designed for broader long-term wealth building, with rules still being finalized. Worth watching, not yet worth committing to without knowing the final terms.

Picking the wrong account can cost you in taxes, financial aid eligibility, or control. If you are saving for a child or grandchild and want a second opinion before funding the next contribution, reach out.

Meet Piper! Shes our in-house Rollover Specialist. 🐾While she keeps watch from the windowsill, we're busy helping client...
05/01/2026

Meet Piper! Shes our in-house Rollover Specialist. 🐾

While she keeps watch from the windowsill, we're busy helping clients consolidate old 401(k)s, evaluating IRA options, and making sure no retirement account gets left behind at a former employer. Held-away accounts are one of the most overlooked sources of drag on a retirement plan. They can have outdated allocations, duplicate fees, and even forgotten beneficiaries.

If you've changed jobs (or three) and aren't sure what's sitting where, let's talk. Piper will supervise.

In 2024, individual investors again lagged the S&P 500. We all know why–fear, greed, and overconfidence can cloud judgme...
02/13/2025

In 2024, individual investors again lagged the S&P 500. We all know why–fear, greed, and overconfidence can cloud judgment and lead to poor decision-making and bad returns. Creating an investing strategy may help.

Address

1630 Empire Boulevard
Webster, NY
14580

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17185517131

Website

http://www.finra.org/, http://www.sipc.org/

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