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Schaffer & Company Asset Management, Inc. is relying on the extension granted for annual filing due to delays caused by Covid-19

by Gregory Schaffer on Apr 29, 2020

SECURITIES AND EXCHANGE COMMISSION [Release No. IA-5469 / March 25, 2020] ORDER UNDER SECTION 206A OF THE INVESTMENT ADVISERS ACT OF 1940 GRANTING EXEMPTIONS FROM SPECIFIED PROVISIONS OF THE INVESTMENT ADVISERS ACT AND CERTAIN RULES THEREUNDER

Make 529 plan contributions before the year end!

by Gregory Schaffer on Dec 7, 2018

529 Plans
If you're a new York State taxpayer and a 529 plan account owner, you may be able to deduct up to $5,000 ($10,000 if you're married filing jointly) of your Direct Plan contributions when you file your state income taxes. Please consult your tax advisor. You must make a contribution before the end of a given calendar year for it to be deductible for that calendar year. If you send your contribution by U.S. mail and it's postmarked on or before December 31, we'll treat your contribution as having been made in the year in which it was sent.

Bonds have risk that you should be aware of

by Gregory Schaffer on Aug 31, 2018

Bonds

Changes in the economy and interest rates can have a big impact on your fixed-income portfolio. As interest rates rise, bond fund values become less and vice-versa. Also the longer the duration of the bond, the more volatile this concept is so in a rising interest rate environment, it is wise to keep your bond as low as possible to avoid losing principal. Your financial advisor can help you build a portfolio that’s right for you based on your goals and how much risk you’re comfortable with taking.