Bouchey Blog
A longtime supporter of the American Cancer Society, Bouchey Financial Group was a proud sponsor of its annual summertime soiree, the “Red, White and Blue” party. Hosted at the beautiful Saratoga National Golf Course on June 24th, members of the Bouchey team, dressed in their summer best, attended the event to show their support and…
Written by: Vincenzo Testa, CPA What is Debt Recycling? Debt recycling is a personal finance strategy that is commonly used by turning existing “bad debt” into “good debt” that is both tax deductible and works to enhance your financial future. Good debt is debt that is used to pay for an asset that has long-term…
Bouchey Financial Group is a proud partner of Ronald McDonald House Charities of the Capital Region. We recently helped sponsor the 40 Years of Love Gala to celebrate the mission and impact RMHC has had in our area. Through this organization’s efforts more than 20,000 families have been helped. Our ongoing partnership is one of…
Written by: Martin Shields, CFP®, AIF® In 2017, the Department of Labor adopted a rule regarding fiduciary investment advice under the Employee Retirement Income Security Act (ERISA). The rule provided guidance on how financial advice must be given to participants in a 401(k) plan and guidelines an advisor must meet when transferring a client’s retirement…
Written by: Samantha Masey, CFP® Choosing a financial advisor can be an intimidating process full of unfamiliar terminology, designations, compensation and more. This leaves many people unsure about where to begin their search. It is important to find a wealth advisor that you not only trust but who also suits your investment and financial planning…
Written by: Harmony Wagner, CFP® With inflation at 40-year highs, American households are feeling the pinch. For April and May, the year-over-year inflation figures were 8.3% and 8.6% respectively, and with issues on both the supply and demand side of inflation, many people fear that inflation may persist through the summer months and perhaps even…
Ask the Experts at Bouchey Financial Group: The Fed, Stocks and Bonds
As seen in The Saratogian The Fed met this week and as expected, they hiked interest rates by 0.75%. I believe this was already baked into the cake, as they say. The Fed was late to this party and should have begun hiking rates last year but is now committed to fighting inflation as best…