Every client comes to us with a unique set of needs and circumstances.  We bring years of experience and a wide range of expertise to help each of our clients achieve their specific financial goals.  We want to share that expertise with you.  Here are just a few of our founder’s ideas and thoughts on some of our clients most pressing issues and examples of the knowledge and insight we can bring to our ongoing relationship with you.


Retirement Homes for Less
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Empty Nesters Gone Wild
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For Richer, Not Poorer: Five Ways to Manage Money and Marriage
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For couples learning how to manage their money together, here are some tips, as well as common mistakes to watch out for
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Couples therapy: Find a financial planner you can talk to early in a relationship
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Live in the Present, Plan for the Future: Retirement Communities
Making Plans for Prized Collections, Heartstrings Included
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Choosing the Right Retirement Community
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Choosing a Retirement Community is No Easy Job
Financial Rx for Physicians
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Eliminate Obstacles and Live Life to the Fullest
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How Not To Become the Financial Caregiver Once Kids Grow Up
Strategies to Protect Your Portfolio from the Eurozone Debt Crisis
Thinking Outside Pandora's Box -- How to Protect Yourself From the Eurozone Debt Crisis Fallout
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Seven Ways to Teach Your Grandchildren the Value of Money
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Financial Health: 6 Concepts to Teach Your Child
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Surviving the High Cost of Health Care
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Financial Health: Winning the Retirement Asset Drawdown Battle
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Put Your Money Where Your Heart Is
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5 Essential Questions to Ask Your Senior Parents
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When It Comes to Retirement, 60 is the New 40
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Building Wealth: A Primer for College Students
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Love and Money
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Failure to Launch: How to Help a Boomerang Child
Is Your Financial Health Adversely Affecting Your Personal Health?
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Watch Out! The Next Credit Card Avalanche Has Already Begun
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Tax Cut Package Provides Relief for Investors
Six Steps to Immediately Improve Your Financial Fitness for 2011
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Six Steps to Immediately Improve Your Financial Fitness for 2011
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Surprise: Fed Tax Cut Package Allows Investors to Keep More in Their Pockets and Pass More on to Their Beneficiaries

Act Fast to Lower Your 2010 Taxes - 4 Tips You Can Use Before Year End
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There is Still Time to Rethink Year-End Tax Planning and Charitable Giving Strategies

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Should I max out my 401k?

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Got Your Degree and Your First Job. Now How Do You Get Rich?
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Journal of Financial Planning Features our Founder
Read Irvin G. Schorsch's article featured in the Journal of Financial Planning on Maxing out your 401K.

Cashing in on Today’s Incredible Estate-Planning Opportunities

February 2010

You don’t have to wait until the end of your life to realize the benefits of estate planning.

How to Use a Roth Conversion IRA to Ignite Your Retirement Income and Ensure Your Legacy

This year, thousands of investors will be handed the keys to a turbo-charged vehicle for retirement and estate planning. Investors are now allowed to convert a traditional IRA to a Roth IRA regardless of the investor’s income.

Six Tips to Empower and Inspire Children for Success in Life
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Every parent wants to see their children grow up to be happy, independent and successful adults.  But in today’s world where attitudes of entitlement prevail, this task can seem daunting.
Critical Life Decision

Are you so busy with day-to-day work and family responsibilities that you never find the time to focus your attention on the future?

Investing in Fine Art and Antiques: Diversify Portfolio and Enjoy It!

Jenkintown, PA – As an investment advisor to high net worth individuals, Irvin G. Schorsch, III, president of Pennsylvania Capital Management, encourages clients to consider diversifying their portfolios into alternative asset classes such as fine art and antiques. “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.” says Schorsch.

Making antiques and fine art a component of a personal financial portfolio offers a three-prong value proposition.


1.    Whether an individual is a high net-worth investor or novice collector, he or she can potentially realize financial returns through careful attention to quality, selection, and by seeking the advice of experts in the selection process. Historically, the highest quality items of a genre can generate the most significant returns, assuming they are held onto for at least five years or longer. While investors in arts and antiques don’t have the liquidity of a stock or bond, the items have intrinsic value. With antiques and art, investors should have a long-term mindset.


2.    Collecting can develop and encourage a passion that adds a qualitative dimension to a person’s life. Individual selections can be narrowly focused or can range across multiple centuries and genres. “Unlike other investments, they can imbue an individual with a sense of achievement and pleasure in owning something rare and beautiful,” says Schorsch.


3.    The journey of collecting becomes more exciting as investors look forward to the experiences of traveling to shops and auctions, feeling the excitement of the hunt. Appealing to the tactile and visual elements that humans need, as well as the satisfaction of acquisition, the pursuit of antiques and art can be a much more satisfying experience than investing in the stock market.


Experts in the field continually counsel collectors to buy the best they can afford at their price level. By focusing on the superior class of antiques and fine art, it is entirely reasonable to expect rates of return comparable to or exceeding the returns for traditional asset classes illustrated in the chart. With antiques and art, investors are buying a scarce resource that will only get scarcer over time.


While the day-to-day shifts of the stock market are not part of the art market, investors should be prepared, however, for volatility and fluctuations in what is deemed desirable at any particular time. In investment terms, this variation represents the volatility of demand and supply for an alternative asset class. As with stocks and bonds, there is no crystal ball, but as Stephen Fletcher, executive vice president of Skinner Auctions, says, “Quality items that have integrity, provenance, beauty, and rarity are most resistant to changes in the market.”


The correlation of returns in antiques and fine art relative to traditional asset classes is dramatically different; a very positive fact when building diversified portfolios. In other words, when the stock markets zig, antiques zag, and that’s a wonderful attribute. “Because antiques and fine art are less liquid than, say, bonds, stocks, real estate, and currencies, they offer a level of diversification that, over time, may provide not only financial growth to the current generation, but aesthetic value and financial appreciation that can be passed down within a family,” says Schorsch.  “In addition to the generational wealth transfer opportunities in collecting fine art and antiques, there is also the excitement of owning a piece of history.” Investors of antiques and fine art can access the past through objects; gaining knowledge while improving connoisseurship skills, through books, museums, shows, and by talking with the experts.


Collecting can be rewarding on many levels beyond adding to an investment portfolio.  Schorsch notes a major benefit of investing in art and antiques is simply the pleasure of owning the object.  He says it also nourishes relationships with friends, family, and collectors who share similar interests. “Spousal relationships also benefit from such a shared interest. Couples invariably spend many uncounted hours sharing opinions, making joint acquisitions, and placing purchases in the house,” he adds. “But be warned: If you buy what you love, although you may be amazed at the returns over time, you may not want to part with your favorite pieces of furniture or artwork!’

How Do We Ensure That Our Clients Don’t Outlive Their Money?

Fuel Your Passion, Grow Your Collection & ...Add to Your Portfolio!
Ignorance Is Not Bliss For Pension Plan Trustees and Administrators

Should I max out my 401k?

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$16,500 and $22,000 (50 and older) are the amounts you can contribute to your 401k plan in 2010. Is this the best strategy for you, considering today's economic and tax-rate environment?

This has been touted by many financial professionals as the best way to save for retirement since 1980. I agree that one of the first places you should save is in your 401k, up to the matching percentage.

Most plans that match will match up to 6 percent of your salary. They often will match 25 percent, 50 percent or 100 percent on the dollar. There is no investment out there that will give you a guaranteed 25 percent, 50 percent or 100 percent return. If they are promising these returns, make sure your FINRA (Financial Industry Regulatory Authority) official knows about it.

These salary deferrals are pretax and are great ways to lower your taxable income while you are saving for retirement. Let's take a look at some other strategies to invest and why.


The Roth IRA is funded with after-tax money. The top marginal tax rate is at one of the lowest levels since 1929. It might make sense to pay the taxes now so you don't have to during retirement. Taxes might go up next year; what do you think? In 2011, the highest marginal tax rate is scheduled to rise to 39.6 percent, and capital gains from 15 percent to 20 percent. If you make too much to fund a Roth, start a non-deductible traditional IRA and convert immediately. This is a great way to get money into a Roth. Make sure you consult a competent tax professional when doing this to see if you qualify. You will have to pay taxes only on any gains in the IRA when converting.


In the Journal of Financial Planning, Irvin G. Schorsch III's article said, "Many municipalities are paying strikingly high rates due to budget shortfalls and fiscal difficulties." This creates opportunities for astute money managers and investors. Irvin also said: "For an investor in a 35 percent tax bracket with a 4.4 percent municipal bond, that yield is equal to a 6.7 percent return on taxable income." This is even more valuable when tax rates increase. Irvin also quotes a study by Moody's about the 10-year default rate of municipal bonds compared to corporate bonds from 1970-2000. The default rate on municipal was 0.042 percent while corporate was 0.675 percent. Corporate bonds were 16 times higher.


It might be easier to get at your money if it is not in the 401k. Some plans do not offer loans provisions on their plans, only hardship withdrawals. The paperwork and staff handling the withdrawal might take a long time to be completed. If you don't have an emergency fund of three to six months you can get to easily, it might not make sense to max out your 401k yet.

I am not saying you should or should not max out your 401k. This is a personal decision that can be discussed with your CPA or financial professional. Estate planning goals might be a factor in your decision making as well.

Scott L. Webb is the owner of Webb Financial Group LLC and can be reached at scott.webb@, (740) 454-6113 or


Client Questions


Q: Since I was a kid, I dreamed of being a pilot.  I need someone who understands my needs. Someone who can help me grow my portfolios – so I can take my first solo flight before I’m 50. 

A: Pennsylvania Capital Management will help develop a Personal Investment Path that reflects who you are.

These are not actual client testimonials. They are representative of real clients' questions and concerns.