Financial Services

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Don’t Be Fooled by the Credit Card Industry

Posted by: Irvin G. Schorsch III

The credit industry has recovered from the economic recession and the offers will soon be flooding your mailbox. These offers are often disguised to look like personal, handwritten letters so that you are not quick to toss them in the shred pile. In 2010, it was estimated that 2.25 billion credit card offers would be mailed to individuals, according to a national credit card research firm called Synovate. This number of mailed offers almost quadrupled 2009, according to direct market research firm Mintel Comperemedia - that is nearly 4-5 offers for every person in the US.


Marriage: A Financial Partnership

Posted by: Irvin G. Schorsch III

Marriage is more than a romantic relationship – it is a financial partnership between the couple. For better or worse, married couples must work together on their financial goals...


Surviving the Age of Boomerang Children

Posted by: Irvin G. Schorsch III

With the economic troubles and the skyrocketing cost of college loans, many parents are finding themselves stuck in the predicament of adult children returning to live at home. This trend has become what’s known as “boomerang children” – ones who leave home to attend college or live on their own, but later are forced to return to the comforts of their parents’ home. Having increased so much in recent years, there was even a popular movie starring Matthew McConaughey who returned to home at the age of 35. It is reported that over a third of adult children under the age of 34 are living with their parents.


Keeping Financial Treasures Close to Your Heart

Posted by: Irvin G. Schorsch III

You have worked your entire life to build financial stability and it should be just as important to plan the future of your finances when they become inheritance. Most people concern themselves with simply the financial planning aspect of inheritance (in the form of wills and trusts), but it is very important to instill values and a healthy financial ethic so future generations will respect your treasures just as much as you had. Inheritance should be appreciated and grown, rather than mindlessly spent and abused as a way to slack off in life.


A Few Questions for Mom and Dad

Posted by: Irvin G. Schorsch III

Unfortunately there comes a time in our lives when we have to discuss our parents mortality. This is no easy task but should be done sooner rather than later. The best approach to the conversation is to assure them that you want to protect their assets and make sure that each specific wish they have is honored.


The Beauty of Investing in Art

Posted by: Irvin G. Schorsch III

It is my job as the President of Pennsylvania Capital Management to advise and guide my clients in every aspect of their finances. A specific piece of advice that I lend to many clients is to not put all your eggs in one basket. Antiques and fine art can add diversification, not only to a portfolio, but to one’s life, with many benefits, including the opportunity for appreciation. I always look at it as a three-prong value proposition.


Don't Let Your Finances Affect Your Love

Posted by: Irvin G. Schorsch III

Any new relationship has finance issues that need to be dealt with. Many couples make some of these common mistakes that can be easily avoided. As the founder and president of PCM...


Preparing Your Children, and Your Wallet for College... Sure-Fire Strategies To Lessen the Financial Pain

Posted by: Irvin G. Schorsch III

You just can’t rush into some things or leave them to chance. Preparing your son or daughter for college is one of them. The cost of a college education is soaring, and the average student loan debt of...