76 Wealth Advisory Newsletter

1st Quarter, 2021 - Third Edition


I would like to extend a big thank you to clients and friends for their trust and confidence. The continued success of 76 Wealth Advisory is a direct result of this.

Financial Planning / Investment Management

  • IRA Contributions - The IRS permits individuals to make prior year IRA contributions (2020) up until your tax filing deadline (4/15/21). Please call us for eligibility.
  • Required Minimum Distributions - We are on top of your RMD's. The IRS allowed individuals to skip the RMD in 2020, but it is a requirement again in 2021. Please call us to discuss this in detail as missing a RMD can result in a 50% penalty on the required amount.
  • Digital Estate Planning - We preach basic estate planning to clients all the time. Digital estate planning is something that should be incorporated as well. Please check with your social media and internet based companies on adding a legacy contact to the account, and speak with your estate planning attorney on adding a digital executor to your will.
  • Diversification...you sure? - S&P500 ETF's and mutual funds are one of the more commonly owned investments in the marketplace, especially in corporate retirement plans. Be very careful assuming you are diversified. The S&P500's five largest companies are approximately 23% of the index, the top 10 companies represent approximately 28%. Please call us for diversification and allocation advice.

What We're Reading

  • Lou - "Shoe Dog" by Phil Knight
  • Lou - "Beneath a Scarlet Sky" by Mark Sullivan
  • Julie - "Where the Crawdads Sing" by Delia Owens
  • Louie - "Land of Stories" Books 1-6 by Chris Colfer
  • Will - "Calendar Mysteries Series" by Ron Roy

What We're Listening To / Watching

  • Matthew Whitaker - 19 year old, NJ born, jazz pianist who has been blind since birth
  • Business Wars Podcast - "Gallo: Godfathers of Wine"
  • Queens Gambit, Queen of the South, Barbarians

What We're Drinking

  • Value: Duckhorn Decoy Merlot 2018
  • Mid-Range: La Serena Toscana Rosso 2015
  • Collector: Sequoia Grove Cabernet Sauvignon 2017

76 Wealth Advisory

90 East Halsey Road, Suite 351

Parsippany, NJ 07054




76 Wealth Advisory is not affiliated with American Portfolios Financial Services, Inc. or American Portfolios Advisors, Inc. and does not offer securities or advisory services. 76 Wealth Advisory only offers insurance products and services. Securities offered through American Portfolios Financial Services, Inc. (APFS) Member: FINRA/SIPC. Investment Advisory Products/services are offered through American Portfolios Advisors, Inc., an SEC Registered Investment Advisors.

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