Page 31 - BusinessWest March 7, 2022

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MOORS & CABOT INC.
One Financial Plaza, 1350 Main St., Suite 1510, Springfield, MA 01103 (413) 733-5232; www.moorscabot.com
PNCU FINANCIAL SERVICES
46 Main St., Chicopee, MA 01020
2002 Boston Road, Wilbraham, MA 01095 (413) 333-5047; www.pncu.com
KULIG FINANCIAL ADVISORS
Longmeadow, MA 01116
(413) 565-2839; www.kuligfinancial.com
FINANCIAL SERVICES/BROKERAGE FIRMS
RANKED BY NUMBER OF LICENSED BROKERS IN WESTERN MASS.
KATHLEEN COLLINS WEALTH MANAGEMENT
47 150MainSt.,Suite16,Northampton,MA01060 (413) 727-8764
www.kcollinswealth.com
47 MARTINELLIPORTFOLIOMANAGEMENTINC. 1441 Main St., Suite 905, Springfield, MA 01103 (413) 317-7274; www.martinelliportfolios.com
47 PETTENGILLFINANCIALSERVICES,LLC 460 Newton St., South Hadley, MA 01075 (413) 532-8800
47 RAMONFINANCIALSERVICES,LLC
217 Greenfield Road, South Deerfield, MA 01373 (413) 665-3932; www.ramonfinancial.com
Inflation
Continued from page 26
demand, and demand is white hot at the moment. Every administration has dealt with volatile oil prices. Indeed, $100 oil is not remotely novel. Consider this: during George H.W. Bush’s term, in the throes of the Gulf War, oil hit $145 per barrel. At the end of Obama’s second term, 26 price was about $91 per barrel. Since January 2001, oil has fluctuated between a low of $27 and
a high of $145 (all during George W. Bush’s presidency) but has risen steadi- ly over the past two decades. Here are the stats:
KathleenCollins
Gary Martinelli
David Pettengill
Matthew Ramon
Investmentmanagement;retirementplanning;estateplanning;riskmanagement;assetprotection;life insurance; college planning
Designs and manages investment portfolios for individuals and families and their retirement plans, trusts, and small-business entities
Wealth management; financial planning; retirement; executive and employee benefits; life, disability, and long- term-care insurance; annuities
Investment advisory and brokerage services; retirement planning; income-tax planning; estate planning; wealth management; life and long-term-care insurance; 401k plans; SIMPLE IRAs
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Joe Malmborg
James Vinick
Christopher Casale
Nola Kulig
Full-service wealth management firm; financial planning; stocks; bonds; life insurance; retirement planning; mutual funds; annuities; other insurance products; private consulting
Retirement; financial planning; college education; life and long-term-care insurance; mutual funds; stocks, bonds, and annuities
Finance planning; retirement planning; spending plans; college funding; asset management; 401(K) advice
During the worst of the pandemic, there was a
healthy supply of oil and demand fell off a cliff as global travel ceased over- night. Large oil refiners were paying to offload oil. Headlines like this one from Politico in April 2020 were common: “Oil prices go negative — and Washing- ton is paralyzed over what to do.” And while the president has some influence via the strategic oil reserves and nego- tiations with OPEC, those tools only affect the supply side of the equation.
Economics is a cycle. Investing is a cycle. Even our careers go through cycles. And we cannot know with cer-
tainty the long-term consequences of measures taken at the crisis points of any of these cycles. Politics has become so polarizing that we pick our sides and blame the other for almost any adverse event, especially when it affects our financial well-being.
Geopolitics is hot right now because of the tensions in eastern Europe. Beyond the worry of what war brings, Russia is the third largest oil producer in the World behind Saudi Arabia and the United States. The global energy trade may see disruption, and energy prices are likely already reflecting that. It is unlikely, however, that the US con-
sumer’s ability to spend will be dampened. The fundamentals of supply and demand will support the persistence of inflationary pressure, and the occupant of the White House, past or present, has little to do with that. u
Jeff Liquori is the co-founder and chief Investment officer
of Napatree Capital, an investment boutique with offices in Longmeadow as well as Providence and Westerly, R.I.; (401) 437-4730.
Roth
Continued from page 27
more flexibility to tax planning. Both plans can be left directly
to beneficiaries, and, in most instances, the beneficiary will have 10 years to liquidate the account. Of course, leaving tax-free money to your heirs would be more desir- able to them but planning should be done to see if it is the correct choice for you.
In our opinion, it is desirable for retirees to have both types of funds — pre-tax and post-tax. This could give them a lot of flexibility to properly tax plan in retirement. Consult with your financial and tax advisors to see what makes
the most sense for your individual situation. u
Barbara Trombley is a financial advisor and CPA with Wilbraham- based Trombley, CPA; (413) 596- 6992. Securities offered through LPL Financial. Member FINRA/ SIPC. Advisory services offered through Trombley Associates, a registered investment advisor and separate entity from LPL Financial.
Change in Oil Prices by Presidency
Bush 431%
63%
Obama
124% 21%
Total Change
Trump
Biden
98% 98% 41%
-10%
Trough to Peak
BusinessWest
WEALTH MANAGEMENT
MARCH 7, 2022 31
COMPANY
LICENSED BROKERS IN W.MASS.
BRANCH MANAGER
SERVICES
MALMBORG WEALTH CONSULTING GROUP
131 Wayside Ave., West Springfield, MA 01089 (413) 297-6074; www.malmborgwealth.com
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Consultative financial planning; wealth advisory and management; insurance; fee for service for individuals and small-business owners