a street sign showing a fork in the road, the choices are turn left for a traditional ira and turn right for a roth ira.

7 Reasons a Roth IRA May Be for You

04/17/2017 | Blog

7 Reasons a Roth IRA May Be a Good Idea for You By Mike Desepoli, VP of Heritage   It’s almost the tax filing deadline. During April, many people take advantage of the opportunity to reduce taxes by funding a Traditional IRA. While that makes sense for some Americans, others may benefit by contributing to a Roth IRA that offers no immediate tax break, but has other tax advantages, such…... Read more

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8 Tax Credits to Get More from Uncle Sam

04/07/2017 | Blog

8 Federal Tax Credits to Get More from Uncle Sam By Jackie Waters, Guest Contributor from   Every year, federal tax credits can change. Some get added, others are taken away, and changes may occur within the ones that have been around for ages. Tax credits are one way to maximize how much of your money you get to keep. In some cases, they feel a bit like a…... Read more

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Trump Agenda in Doubt?

03/27/2017 | Blog

Trump Agenda in Doubt After Healthcare Fail? By Mike Desepoli, Heritage Financial Advisory Group It was supposed to the first step in the Trump administrations plan to make America great again. While nothing on the Hill comes easy, with a congressional majority a victory was expected. After 7 years of publically campaigning for a shot to fix healthcare, the republicans failed spectacularly to do just that. Unable to gather the…... Read more

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The 1 Question Investors Should Ask

03/13/2017 | Blog

The 1 Question Investors Should Ask: Is My Financial Advisor a Fiduciary? By Mike Desepoli AIF®, Vice President of Heritage Financial Advisory Group Financial advisors will have a new regulation to deal with starting in April, and it’s the biggest change the financial advice industry has seen since the great recession. It’s called the “Fiduciary Rule”, and it will have a significant impact on how financial advice is delivered. It is…... Read more

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The Added Value of Financial Advisors

02/28/2017 | Blog

The Added Value of Financial Advisors By Mike Desepoli, VP of Heritage Financial Advisory Group As financial advisors we are often asked whether it is worth the cost to hire a financial advisor. I know, very ironic. After all, there is a cost to make you money. People say they can listen to the news to find out where and how to invest, so, “Wouldn’t I be better off just keeping that fee…... Read more

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Unusual Expenses that Add Up Quickly

02/20/2017 | Blog

Saving for a Rainy Day: Unusual Expenses that Add Up Quickly By Jackie Waters, Guest Contributor from   When you’re living independently as an adult, it’s easy to budget for everyday costs--grocery shopping, mortgage or rent, gas for your car, etc. However, most people end up spending a significant portion of their income on emergency situations that are not expected. The big fault here is not having a disaster,…... Read more

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Teaching Your Children Good Money Values

02/01/2017 | Blog

Teaching Your Children Good Money Values Mike Desepoli, Heritage Financial Advisory Group   The book The Financially Intelligent Parent: 8 Steps to Raising Successful, Generous, Responsible Children, by Eileen and Jon Gallo, focuses on the idea that the way in which parents spend money sends messages to their children about their money values and priorities. It helps you become more aware of the values communicated to children through your spending.…... Read more

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6 Easy Ways to Ruin Your Retirement

01/23/2017 | Blog

6 Easy Steps to Ruin Your Retirement   Many people I know have concluded that retirement was worth waiting for and worth planning for. Those who planned well (and who are lucky enough to have good health) are generally finding this to be a very satisfying time in their lives. But those who didn't plan well or who couldn't save enough are finding that retirement can be difficult. My commitment…... Read more

A 5 Step Plan to Retire Early

01/17/2017 | Blog

A 5-step plan to Retire Early Cut spending, invest carefully, live simply — and comfortably   Wish you could retire right now? Give up the rat race, embrace a life of independence, reduce your stress, and have more time for what you value most — your family, education, travel? That might seem like a fantasy but to retire early is within reach of most Americans, if they would only take the steps…... Read more

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Retirement Income – Do You Have Enough?

01/09/2017 | Blog

Retirement Income - Do You Have Enough?   Here’s a million dollar question: How will you transform your savings into income that will last throughout your retirement?   There are probably as many answers to that question as there are retirees. However, all retirees may rely on some of the same income sources and strategies. For instance, we all hope Social Security benefits will provide a portion of our income…... Read more

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Is Your Financial Advisor A Fiduciary?

01/02/2017 | Blog

Many Investors are not aware of the different between fiduciary and suitability standards President Obama’s recent endorsement of fiduciary standards for financial advisors could have significant implications for the investment industry. In other words, the president is pushing to require financial advisors to put the client’s needs before their own. While this may come as a surprise, your advisor may not have your best interests in mind. As the law…... Read more

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5 Investing Resolutions for 2017

12/26/2016 | Blog

Investing Resolutions for a Better 2017 When you sit down this week to write out your New Year's resolutions, make sure you leave room for your 401k.  Many new investors max out their IRA every year, but that’s about all they do. There is no other strategy or alternative to that process. Many investors cheat themselves out of good opportunities by simply not exploring the options available to them. Young Professionals…... Read more

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25 Ways to Save Hundreds on Your Holiday Shopping

12/13/2016 | Blog

Tips to Save Hundreds on Your Holiday Shopping Overwhelmed by the length of your holiday shopping list and the amount of cash you’ll need to complete it this year?   You’re not alone. A recent study found that 39% of Americans feel pressured to spend more than they can afford during the holiday season. That’s no wonder, with the average U.S. adult planning to drop $830 on Christmas gifts this…... Read more

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5 Signs Your Spending Too Much in Retirement

10/21/2016 | Blog

Signs You're Spending Too much In Retirement   How can you tell that you’re spending more than your savings will support? If any of these five signs describe you, it’s time to make some changes. You don’t know how much you should be spending. If you don’t have a budget, you’re probably spending too much. The Center for Retirement Research at Boston College found that 53% of households risk falling…... Read more

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4 Qualities to Look for When Hiring a Financial Advisor

10/14/2016 | Blog

4 Important Qualities When Hiring A Financial Advisor Honesty When it comes to choosing someone to help handle your finances, it can be somewhat terrifying. Providing insights into your funds, investments and needs requires the right professional.. While any professional will identify himself or herself as trustworthy and honest, here is something to consider…are they making guarantees? While financial advisors are skilled professionals with a background in this industry, no financial…... Read more

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Retirement Strategies: 4 Things You Can Control

10/07/2016 | Blog

4 Things You Can Control In Retirement Retirement is supposed to be an exciting new chapter in our lives. We’d like to think we can live well within our means once we stop working. But when we hear that most Americans will never be able to retire, our alarm bells go off – even when the rational side of our brain tells us to stay calm, that things will work…... Read more

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Best Tips to Negotiate a Home Purchase

09/30/2016 | Blog

Best Tips to For the First Time Home Buyer Buying a home has always been the biggest and most consequential financial move that most people make in their lives. The 2016 environment can make it especially challenging, leaving little margin for error. The biggest mistake prospective homebuyers can make is to embark on a pursuit of their dream home without having a well-conceived plan in place. Every buyer and seller…... Read more

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The Economy Will Survive this Presidential Election

09/23/2016 | Blog

The Economy Will Survive This Presidential Election   Americans see a threat in the election that doesn’t exist — except in the headlines The Election. Many Americans are concerned about how the presidential election will turn out. But nowadays people’s gloom about the post-election economy and the financial markets is being unduly influenced by headlines. Six of every 10 Americans say the outcome of the presidential election represents the biggest threat…... Read more

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Top 10 Tips for Starting a Business

08/29/2016 | Blog

10 Tips for Starting a Business What Should New Businesses Focus On? Do what you love Running businesses takes a lot of time, energy and effort. Building it into a successful enterprise would require even more. Since you need to put a lot into your business, you better make sure that you love what you do to make it easier and more fulfilling. Besides, doing something you love means you already…... Read more

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10 Best Cities for Retirement

08/22/2016 | Blog

10 Best Cities for Retirement Prescott, Arizona If you love the outdoors and a vibrant cultural scene, one of the cities you should consider retiring in is Prescott, Arizona. Located in the north of Arizona, this old mining town experiences a cooler summer than southern Arizona. As a result, this helps you steer clear of sweltering summer temperatures. A booming economy, rich history, and low housing prices make this city a…... Read more

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NEW! #AskTheAdvisor Video Blog

07/12/2016 | Blog

#AskTheAdvisor YouTube Blog Hey Guys, Coming to you with some exciting news today about our YouTube. Many of you know by now that we are constantly striving to produce relevant and insightful content for our clients, readers, and social media followers. We put a lot of time and effort into our content, so we genuinely hope you enjoy it. In an effort to take our communication to the next level, we…... Read more

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What Does The BREXIT Mean To You?

06/29/2016 | Blog

What Does the Brexit Mean to You? And What Does it Mean for Britain Voters in the United Kingdom chose to Brexit from the European Union (EU) late Thursday, June 23. The “Brexiters” (those who voted in favor of leaving the EU) were victorious, snatching 52 percent of the vote and setting Britain on a historic path to be the first country ever to do so. Stock markets reacted swiftly…... Read more


Terror in Orlando

06/14/2016 | Blog

Terror Attacks in Orlando Today we mourn the loss of our fellow Americans in the attack that is the Orlando Nightclub massacre. There are a lot more questions than answers at this point. We will continue to pray for those involved and hope they can find peace in this difficult time. To this point the impact on the financial markets has been minimal We will continue to monitor developments and…... Read more

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Stock Markets and Election Years

05/24/2016 | Blog

Can Presidential Election Years Forecast Stock Market Movement?   Stock Markets and election years go together like oil and water. Super Bowl winners, Triple Crown Winners, and Sports Illustrated covers. All of these have been used to develop theories about the direction in which stock markets may be headed. Presidential elections and terms have also inspired a significant number of theories.   Rational and not-so-rational decision making Historically, economists believed…... Read more

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Pink Tie 1000 Gala Event

05/18/2016 | Blog

Pink Tie 1000 This Monday May 9th we attended the annual Pink Tie Gala event. The Crest Hollow Country Club in Woodbury, NY played host to this year's gala. It was truly an incredible event. There were over 2500 professionals in attendance, as well as numerous local sports heroes.  Consequently, the event featured numerous auctions and opportunities to purchase memorabilia. As a result, it was a great place to raise…... Read more

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Lou Desepoli in Financial Advisor Magazine

05/03/2016 | Blog

Financial Advisor Magazine: A Potential New Client Base April 4, 2016 Financial Advisor Magazine May Issue: Entrepreneurial firms are alive and well in the United States, although the kinds of people who start them are changing. That’s because more and more “grayhairs” are passing up the golf course or sitting in front of the tube all day in favor of starting a new business. Their efforts are pushing up the…... Read more

Mike Desepoli in Money Magazine

04/07/2016 | Blog

Mike Desepoli in Money Magazine Heritage Financial Advisory Group's Director of Portfolio Management, Mike Desepoli, is in Money Magazine this month in the article “The Death of Cool Equities”. The article was written by Taylor Tepper, and discusses some of the recent trends in the equity market. The article speaks about how in a fickle stock market, betting on what’s trendy has suddenly become risky business. Give it a read for some…... Read more

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March Jobs Report +215,000

04/01/2016 | Blog

March Jobs Report This mornings release of the monthly Non Farm Payrolls reports has financial analysts far and wide perplexed. On the headline number, things look pretty good. The number of jobs created came in above expectations at 215k, but the numbers are worth giving a second look. While we did add to the work force, a large portion of those jobs are part time and on the lower end…... Read more

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Brussels Bombing

03/22/2016 | Blog

Prayers for Brussels My heart is breaking for the injured and dead and their families of the Brussels Bombing this morning. Two separate bombing incidents took place, one at a subway station and the other at the airport. It is fairly obvious that this is an act of terror as Isis has already claimed responsibility for the attack. This will only add more fuel to the fire of the anti…... Read more

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Can I Retire?

03/14/2016 | Blog

Can I Retire? A very popular question in our line of work, and a question we certainly love answering in the affirmative. But before we can even attempt to answer that question, there is a lot of work that needs to occur. Sometimes this can be done in the weeks, months, and years leading up to that question. Our clients experience a variety of motivations throughout their lives. These motivations…... Read more

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Daily News: Mike Desepoli

03/08/2016 | Blog

How to know what you're really paying your financial advisor Mike Desepoli, Daily News Contributor March 1, 2016 Looking for a financial advisor? Wondering how you'll pay him or her — and just how much? There are three types of advisers you can work with. The first will charge you commission; the second, a management fee on the assets handled; and the third, a hybrid of the first two approaches.…... Read more

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10 Tips to Boost Your Savings

03/01/2016 | Blog

10 Tips to Boost Your Savings Looking to boost your savings? Here are a few strategies to focus on to get on the right track. 1. Focus on starting today! Time is your best friend when it comes to growing your savings so don’t wait any longer and get to it! 2. Contribute to your 401(k) If your employer offers a 401k plan that allows you to contribute pre tax…... Read more

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4th Quarter GDP

02/26/2016 | Blog

4th Quarter GDP 4th quarter GDP was reported this morning, coming in at 1%.This number was higher than the expectation of 0.7%, but it is still not a very impressive number for an economy that is projected to grow (according to the white house) at 2.5 – 3% for the full year. A majority of the increase in GDP was due to an increase in inventories on the balance sheet.…... Read more

federal reserve chairwoman Janet Yellen

Are Markets Worrying Too Much?

02/18/2016 | Blog

Are markets worrying too much? Last week, markets headed south because investors were concerned about the possibility of negative interest rates in the United States, even though the Federal reserve just began raising interest rates. The worries appear to have taken root after the Fed chair Janet Yellen was called before the house financial services committee to testify about the current path of monetary policy. What Should Investors do if we…... Read more

Chicken Soup for the Investor

02/09/2016 | Blog

Our years as financial advisors have given us unique insight into the complex relationships between investors and the ever-changing financial markets. While we do not present the following principles as immutable laws, we want to share them with you as you savor a cup of coffee this morning. They have guided us well. People don’t invest to become rich. They invest so they don’t become poor. Individuals invest in stocks…... Read more


Does the Stock Market Overreact?

02/02/2016 | Blog

Does the Stock Market Overreact? In short……you bet it does! Professors, philosophers, psychologists, academics… name it, have all done studies on behavioral finance to determine if the market overreacts, and why. If one thing is certain, it’s that psychology affects investor behavior. Classic economic theory assumes all people make rational decisions all the time and always act in ways that optimize their benefits. Well, wouldn’t that be nice if it…... Read more

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How Do You Define Wealth

01/25/2016 | Blog

What does Wealth mean to you? When I think about wealth, a lot of things come to mind. I think about a time in my golden years where I hope to be at peace. My hope is that I am proud with all I have done and accomplished in my life. I picture a day where I can say with certainty that I provided for my family. Through the years…... Read more

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Stay Disciplined With Your Portfolio

01/20/2016 | Blog

Stay Disciplined With Your Investment Approach One of the most challenging aspects of investing is not what many may think. Digging through the multitude of options available to put your money to work can be a daunting task. However, keeping your cool when things move in the wrong direction can make or break your portfolio returns. Sometimes stock prices move based on economic facts, other times they move based on…... Read more

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When China Sneezes

01/12/2016 | Blog

When China Sneezes... The quote above has been circulated around for years…..but how much truth does it hold? Well, if the start to 2016 is any indicator… global markets are paying close attention to China. Chinese stock markets got off to a horrific start in 2016. As a result, the negative sentiment is spreading quickly. The US markets are off to their worst 5 day start in……HISTORY. Consequently, we are…... Read more

Coins in glass container with EMERGENCY label on wooden surface against white background.Financial concept.Selective focus.

A Startling Stat!

01/06/2016 | Blog

No emergency savings? Americans are starting 2016 with more job security, but most are still theoretically only ONE paycheck away from living on the street, due to a lack of emergency savings! According to, 63% of Americans have NO emergency savings for things such as a $1,000 emergency room visit, or a $500 car repair. That represents an increase over 2014! How in the world did we get to…... Read more


Financial Fitness Friday!

09/18/2015 | Blog

“Do not put all eggs in one basket.” -Warren Buffet... Read more


Weekly Focus

09/08/2015 | Blog

Weekly Focus – Think About It “I never blame myself when I’m not hitting. I just blame the bat and if it keeps up, I change bats. After all, if I know it isn’t my fault that I’m not hitting, how can I get mad at myself?” –Yogi Berra... Read more


Life Insurance Awareness Month

09/02/2015 | Blog

September is Life Insurance Awareness Month! More than 40% of Americans have no life insurance. Give us a call today to find out why it is so important for you and your family to be covered. (631) 878-5117... Read more


September 1st

09/01/2015 | Blog

Happy September 1st! As a new school year begins, here are some inspirational quotes for Teachers: “Good teachers know how to bring out the best in students.” ~ Charles Kuralt “I touch the future. I teach.” ~ Christa McAuliffe… “Nine-tenths of education is encouragement.” ~ Anatole France... Read more


Weekly Focus

08/18/2015 | Blog

Weekly Focus from this weeks Market Commentary: “Any sufficiently advanced technology is indistinguishable from magic.” –Arthur C. Clarke, British science fiction write... Read more


Weekly Focus

08/11/2015 | Blog

Weekly focus from this weeks Market Commentary! “In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.” –Warren Buffett... Read more


Monday Morning Motivation

08/10/2015 | Blog

Monday Morning Motivation! “The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires.” –William Arthur Ward... Read more

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Mike Desepoli Earns Investment Fiduciary Designation

06/18/2015 | Blog

Mike Desepoli Named Accredited Investment Fiduciary A huge congratulations to our Financial Advisor and head of portfolio management, Mike Desepoli. Mike achieved the accredited AIF® designation, for Accredited Investment Fiduciaries. What is the AIF? Being awarded the Accredited Investment Fiduciary® designation comes with the highest standard of knowledge of client management. Advisors with this designation have chosen a business model that is free of conflicts of interest. As a result, they…... Read more


Thoughts for Thursday!

06/11/2015 | Blog

“In order to succeed, your desire for success should be greater than your fear of failure.”... Read more


Financial Fitness Friday

05/15/2015 | Blog

Financial Fitness Friday! “Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” -Warren Buffett... Read more


The 7 Biggest Threats to Your Retirement:

05/12/2015 | Blog

1) Not Starting Early Enough 2) Hidden Fees 3) Withdrawing Too Much… 4) Major Unexpected Expenses 5) Inflation 6) Not Saving Enough 7) Outliving Your Money Give us a call today to see how we can add value to your financial plan and create a stress-free retirement. (631) 878-5117... Read more


Weekly Wednesday!

04/22/2015 | Blog

Desepoli Wealth Weekly April 20, 2015 The Markets It’s a topsy-turvy world. In the United States, during the last quarter of 2014, about seven million (13 percent) of all mortgaged residential properties were underwater, meaning the mortgage loan amount was at least 25 percent higher than the estimated market value of the property, according to That’s a significantly lower number than the 12.8 million that were underwater early in…... Read more