Blog

May 31, 2020

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Across the country, nonprofits of all types and sizes are in extreme distress. As we have seen during times of crisis – be it a recession, hurricane or the current COVID-19 pandemic, the demand for services from the nonprofit sector increases dramatically. For many organizations, fund-raising events have been delayed or canceled, and other fee for service transactions are limited or gone. Thrift stores are closed. Summer Camp fees and ticket revenue are gone. These organizations have also been hit by the sidelining of many volunteers (often retirees) who are heavily relied on to keep staffing costs low.

30 April, 2020

Like most families and businesses, Ullmann Wealth Partners adapted to the “Safer at home” order. Our physical office has been open every day during this time with a skeleton staff, but most of our employees have worked from home. We have been able to communicate with each other and with our clients via cell phone and online meetings, while monitoring client accounts through secure internet and other applications.

April 29,2020

This blog post links to an article by Andy Reed, PhD and Vice President of Behavioral Economics at our custodian Fidelity Investments, who gives some suggestions based on his behavioral research on how your social connections can help you counteract stress and uncertainty. He also discusses other unique behaviors that have arisen from coronavirus fears.

April 20, 2020

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On March 27, 2020, The Coronavirus Aid, Recovery, and Economic Security (CARES) Act was signed into law by President Trump. This sweeping $2.2 Trillion stimulus law establishes many programs, loans, grants, tax credits and other benefits to aid individuals, small businesses, nonprofits, independent contractors, and other entities during this time of uncertainty. The main purpose of the CARES Act is to provide individuals and small businesses with the cash they need to meet their obligations, and to retain employees, until it is safe for our economy to re-open.

April 13, 2020

What, How and Why? Most of our conversations with you in the past two months have centered on one or all of these questions: What are we doing to take advantage of this equity market decline? How are we implementing those changes?

April 2020
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In the course of a recent lunch, I noticed that the servers had to balance plates in their right hand while opening the door to the outside patio with their left hand (because of fire code, the door swings in towards the bar area—but to serve food you have to pull the door towards you). Having witnessed this for several minutes, I got up from our high top to open the door and help—and immediately slammed my knee right into the table.

Author: Glenn Ullmann, President
March 27, 2020

Our responsibility to you, our clients, is above all else to manage your wealth: adjusting and rebalancing as necessary so you can come out of this crisis stronger financially.  That is what we are doing and will continue to do for you and your family.  At a time when we are forced to separate physically, we have reached out with video meetings and phone calls to answer questions either on a topical level or often much deeper as to our process and the investments you own.  If you have additional questions or concerns please call, email or text and we will connect.

Author: Author: Brian James, CPWA®
March 2020

You have worked for many years and dreamed of retirement. For much of your career, retirement was so far in the future the concept might have seemed far-fetched and hard to visualize. Now, as you are getting closer, the dream of retiring is becoming a reality.

The Setting Every Community Up for Retirement Enhancement (SECURE) Act became law on January 1, 2020 and brings significant changes for retirement planning. The act includes many reforms that could make saving for retirement easier and more accessible for many Americans.

Author: Pat Kilbane, J.D., CDFA®
January 2020

There are several reasons the month of January is known as “Divorce Month.”  Many people put off filing for divorce during the holidays for their children’s sake or they remain married through December 31 so they can file one more joint tax return.  Once the calendar turns and a new year begins, estranged couples often begin the new year by scheduling a meeting with a divorce attorney.