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    3. September 2025 Newsletter

    September 2025 Newsletter

    Submitted by Bevilacqua Associates on October 7th, 2025

    SEPTEMBER 2025 NEWSLETTER

     

    One of my favorite lines I remember my father saying when people had more money in the bank than their allotted safety net was, “you’re losing money safely”. What a true statement, as rates at our banks will never keep pace with inflation.

    Here are 4 reasons why you should avoid keeping a large balance in your bank account.

    1: Bank accounts are low interest - While it can feel good to see a lot of money in your bank account, if you keep too much in there, you're actually missing out on free money by not having your money work for you more appropriately.

    2: You'll be tempted to spend more - Let's be real. If you keep a high balance in your checking account, it's much easier to overspend. And when the spending temptations come, it is too easy to put your hands on it. Over the years, I have seen people inherit money and procrastinate investing only to spend it in a short period of time and it’s like they never had it.

    3: You're missing out on tax benefits - Did you know you might be paying more in taxes by keeping a large balance in your bank account? If you have a pile of savings sitting in the bank, you may not be taking advantage of the tax benefits of investing in certain tax advantage accounts.

    4: Your money is at risk - FDIC insurance only covers up to $250K of your balance (per individual, per account). Any additional funds over $250K are at risk.

    We have always preached 3-9 months worth of expenses in your bank account as it creates peace of mind and limits stress. If you have more than your safety net in a bank account, don’t hesitate to call the office to discuss possible options for your money.

    On a personal note, the kids are both moved into college and the house feels so empty with just me, Julie, and Koda. Lexi is adjusting just fine living away and making new friends. She loves her classes and truly enjoys being on campus. I miss her so much. I drove down last weekend and took Lexi and her friends out for lunch. Nicky is doing great on the ice as the team is working hard to defend their title. He is so excited to be back with the boys and start the season in a few weeks. He loves his new equipment, and I must say what a great job he did designing everything, it looks amazing. He is also off to another great start in the classroom, which makes me so happy.

    This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

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    •   160 Old Derby Street Suite 221, Hingham, Massachusetts 02043
    •   781-340-1906
    •   781-340-0370
    •   joe@bevilacquaassociates.net

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