Professional Money Management

07/03/2026

Some really great information to always keep in mind!

📊 Retirement income falls into three tax buckets, and which one a dollar lands in can change your bill more than the size of the withdrawal does.

Traditional IRA and 401(k) withdrawals are generally taxed as ordinary income, with required minimum distributions usually beginning in your 70s.

Pensions are generally fully taxable, and up to 85% of your Social Security can be included in taxable income once your combined income clears the threshold.

Annuity taxation depends on the contract, since the earnings are taxable while part of each payment may come back tax-free if you funded it with after-tax money.

Long-term capital gains and qualified dividends are taxed at the lower 0%, 15%, or 20% rates instead of your ordinary bracket.

Roth IRA and Roth 401(k) withdrawals are federally tax-free once the age and holding-period rules are met, and municipal bond interest is usually exempt from federal tax.

A primary home sale may exclude up to $250,000 of gain if you are single, or $500,000 if married filing jointly, when the ownership and use rules are met.

Even tax-free income can carry a side effect, since municipal bond interest still counts in the combined-income formula that helps decide how much of your Social Security is taxed.

Which bucket does most of your retirement income fall into right now?



*The content shared here is for educational and informational purposes only. It is not personalized investment, tax, legal, or financial advice. Consult a licensed professional before making decisions based on your specific situation.*

07/03/2026

In celebration of Independence Day, Professional Money Management will be closed on Friday July 3rd, 2026. We will be back in the office on Monday July 6th, 2026.

What are you up to this Independence Day? Kicking back in the sun and firing up the grill, or diving into festivities with friends and family? Post your plans below!

From our PMM family to yours, here's to a fantastic Independence Day! Isn't it incredible to call America home? God bless the USA!

06/30/2026

For all those in the Westmoreland County area, please keep a lookout for Kaia. Thank you!

UPDATE: REUNITED!! Kaia is home safe & sound after 13 days, 5 hours :)

🚨 Kaia was LOST on June 27, 2026 in Mount Pleasant, PA 15666 near West laurel circle and reservoir street.
Please spread the word for this lost dog by sharing this post.

💬 Owner's Message: "Lost dog, very skiddish and not familiar with the area. Please contact if found or spotted "

🐾 Description: "Pomeranian tan and white marking s"

🔗 For more info or to contact Kaia's owner, click here: https://www.pawboost.com/p/73063095

📣 Lost or found a pet? Report it to PawBoost here: https://www.pawboost.com/l/rpl

⚠️ WARNING: Please be cautious of users offering ‘pet tracking services’ in comments. We recommend only working with local shelters and verified organizations. Never send money to unknown services.

06/29/2026

Creating a will is crucial, but remember: life changes. When it does, so should your estate strategy. Regularly updating your will keeps it aligned with your current circumstances and wishes. Here are 7 reasons to revisit your will:

1️⃣ Family Changes: Marriage, divorce, births, or losses can impact your strategy.
2️⃣ Relocation: Different places, different laws.
3️⃣ Financial Shifts: Reflect on your current assets.
4️⃣ Executor/Trustee: Ensure they’re still the right choice.
5️⃣ Law Changes: Stay compliant and minimize taxes.
6️⃣ Beneficiary Updates: Reflect evolving relationships.
7️⃣ Time: Review every 3-5 years.

06/19/2026

Today, we honor Juneteenth and reflect on its significance as a celebration of freedom, resilience, and progress.
In observance of the holiday, our office will be closed today, June 19. We will resume normal business hours on Monday, June 22.

Wishing you a meaningful and reflective day!

06/16/2026

Business owners face important financial decisions every day. We were pleased to share actionable strategies and insights during this month's Professional Pathways session.

Thank you to the Chamber for creating opportunities that foster learning, professional growth, and stronger businesses throughout our community.

06/09/2026

Money is one of the top sources of tension in relationships, but experts say even strong couples can stumble if they avoid key conversations.

After studying more than 60 couples, money expert Heather Boneparth found that the happiest partners share five habits:

They adapt when circumstances change, rather than sticking to outdated money routines.
They don’t dwell on financial regrets or let shame define their decisions.
They avoid holding past mistakes over each other’s heads.
They focus on shared priorities instead of constant comparison.
They stay honest about spending and goals, building trust through transparency.

The takeaway? Communication matters as much as cash flow. Open conversations can help partners align values and expectations — and reduce unnecessary stress around money.

Source:

"You can love each other deeply and still allow money to erode your relationship if you're talking about the wrong issues, or not talking at all," writes money expert Heather Boneparth.

05/29/2026

A new season marks its own point on the calendar, and the year is already halfway through. Schedules shift, big decisions surface, and what felt settled back in January sometimes looks different in a new light.

Some things deserve a closer look. Let's sit down and talk through where things stand.

05/21/2026

Markets don’t love uncertainty, but uncertainty is nothing new.
With a new era beginning at the Federal Reserve, headlines will continue to focus on interest rates, inflation, and what policy changes could mean for the economy. While transitions at the Fed often create short-term volatility, history reminds us that markets have consistently navigated periods of change, recessions, geopolitical tension, and financial crises over time.
One of the most important reminders for investors right now is this: discipline matters more than predictions.
Since Paul Volcker became Fed Chair in 1979, the S&P 500 has weathered multiple crises and still produced substantial long-term growth. As your financial advisors, our role during periods like this isn’t to react emotionally to every headline. Our role is to provide perspective, maintain discipline, and keep financial plans aligned with long-term goals.
Volatility may create noise, but patience and planning have historically rewarded investors who stay focused on the bigger picture.

05/20/2026

This week, Advisors Dan and Jacob are on the road visiting clients in Cleveland!

One of the best parts of what we do is getting the chance to spend time with the people and families we serve. We truly value the relationships we’ve built and appreciate the continued trust our clients place in our team.

We always enjoy our time in Cleveland, from catching up with clients to enjoying everything the city has to offer. 🏙️