What’s the #1 service people wish their financial advisor would provide? Tax planning. People like to save money on their taxes – who knew? While there are strategies to be implemented throughout each year, there are some that have year-end deadlines.
“Why should I invest in the market when I can get a guaranteed five percent right now?” What a great question. And with CD’s, money market accounts, high-yield savings, and T-bills all at their highest rates in over a decade, this question is being asked much more frequently.
Couple that guaranteed five percent with the growing fear caused by multiple wars, budget deficits, and a long-predicted recession, and it seems like a no-brainer to sit safely on the sidelines earning five percent.
But like many “no-brainers” there is more to it than meets the eye. Let’s dig a little deeper.
Most asset classes took a breather in the third quarter from the strong first half of the year. The early part of summer brought a powerful rally in risk-oriented assets, but the prospects of interest rates remaining higher for longer has potentially caused the markets to pause and reassess the trajectory.
Are YOU Feeling Very Secure?
Somewhat ironic perhaps? “Social Security” conjures up neither feelings of security nor being very social these days. It’s simply not new news that our Social Security program has challenges that lie ahead.
Changing the paradigm a bit, however, the gloom and angst around our Social Security program creates great reason to celebrate! What?!
Tax Planning for the Years Ahead – A Reminder of the TCJA Tax Laws Scheduled to Sunset With the end-of-year tax planning season knocking on our doorstep, we offer these reminders of potential tax increases looming in just two years. The Tax Cuts and Jobs Act (TCJA -aka Trump Tax Laws) which was passed in …