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Should I be worried about a Federal Reserve interest rate hike?

After years of record-low interest rates, at some point this year the Federal Reserve is expected to begin raising its target federal funds interest rate (the rate at which banks lend to one another funds they've deposited at the Fed). Because bond prices typically fall when interest rates rise, any rate hike is likely to affect the value of bond investments.

However, higher rates aren't all bad news. For those who have been diligent about saving and/or have kept a substantial portion of their portfolios in cash alternatives, higher rates could be a boon. For example, higher rates could mean that savings accounts and CDs are likely to do better at providing income than they have in recent years.

Should Life Insurance Be Part of Your Retirement Plan?

Most of us think of life insurance as protection against financial loss should we die prematurely. But if and when we reach retirement and the kids are all self-sufficient, do we still need life insurance? The answer is maybe--or maybe not. Here are some situations where life insurance may make sense for retirees, or those close to retirement.

Benefits at death

Provide for a dependent family member

Sometimes, even in retirement, there are family members who'll depend on you for financial and/or custodial support. Should you die unexpectedly, life insurance may help provide funds needed to support dependent family members who are physically or mentally challenged.

Income replacement for surviving spouse

10 Financial Terms Everyone Should Know

Understanding financial matters can be difficult if you don't understand the jargon. Becoming familiar with these 10 financial terms may help make things clearer.

1. Time value of money

The time value of money is the concept that money on hand today is worth more than the same amount of money in the future, because the money you have today could be invested to earn interest and increase in value.

Why is it important? Understanding that money today is worth more than the same amount in the future can help you evaluate investments that offer different potential rates of return.

2. Inflation

Inflation reflects any overall upward movement in the price of consumer goods and services and is usually associated with the loss of purchasing power over time.

Managing Partner Rosanna Berardi featured in Lawyer Monthly

Managing Partner Rosanna Berardi featured in Lawyer Monthly


The managing partner of Berardi Immigration Law, Rosanna Berardi, has been featured in the most recent issue of Lawyer Monthly in a piece titled, “My Legal Life.” Lawyer Monthly is a global online and print publication providing news, analysis and features relating to the legal and corporate industries, with more than 108,225 readers. 

Each month, the “My Legal Life” feature takes an in-depth look at the career of a highly skilled and experienced legal professional, speaking candidly about what motivates them, what challenges them, and why they do the work they do. With more than 20 years of experience in the immigration industry, our very own Rosanna Berardi was the perfect subject for this article. 

Catholic Charities of Buffalo Appoints Three to Leadership Positions

Catholic Charities of Buffalo Appoints Three to Leadership Positions

Catholic Charities of Buffalo has appointed three new members to its leadership team. Judette Dahleiden has been named Director of the Women, Infants and Children (WIC) nutrition program, Beverly Eagan has been named Corporate Compliance Officer and Joseph Farrauto has been named Director of Human Resources.
Dennis Walczyk, Catholic Charities chief executive officer, said, “We are pleased to promote Beverly to her new position, and welcome Judette and Joe into two critical leadership roles. I look forward to the expertise, energy and passion all three will bring to their new and increased responsibilities.”

Daemen Establishes Partnership With LMU to Offer Veterinary Medicine Degree

Daemen Establishes Partnership With LMU to Offer Veterinary Medicine Degree

Daemen College and Lincoln Memorial University have formed a unique educational collaboration that will pave the way for Western New York students to earn a doctor of veterinary medicine, making it the only program of its kind available at a Buffalo Niagara institution and one of only three in the Northeast. It is the first formal agreement like this LMU has established with another institution.

A memorandum of agreement was officially signed April 20 by Daemen President Gary A. Olson, Dr. Glen F. Hoffsis, dean of the LMU College of Veterinary Medicine, and Dr. Michael Brogan, Daemen vice president for academic affairs and dean of the college. The accelerated program will be launched in fall 2015.

H-1B Cap Premium Processing to Begin on April 27

H-1B Cap Premium Processing to Begin on April 27


USCIS has announced that it will begin premium processing for cap subject H-1B petitions requesting premium processing, including petitions seeking an exemption for individuals with a U.S. master’s degree or higher, on April 27, 2015. USCIS also announced that it would temporarily adjust its premium processing practice due to the historic number of premium processing cases received and also due to the cap being met in the first five business days of the filing season.