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.
We recently had the honor at presenting at the inaugural FIERCE conference – an organization founded by and for women. Their mission is to accelerate the success of women in business, government, and academia for the betterment of themselves, their families, their community and our world.
“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?!
“Even though I have a big presentation to give at work today, it’s my mother’s birthday, and I promised to coach my daughter’s soccer practice tonight, I think I’d really like to take a top-down look at my overall estate plan today,” said no one ever.
While “everything” is admittedly dramatic, it is intentionally dramatic with the hope of grabbing your attention. After all, we are competing for your time in the midst of a sea of other mediums which do nothing but specialize in channeling communication to you.
Does the grass sometimes look greener on the other side? Friends and neighbors just cashed in on the investment of a lifetime?
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 …
Higher Taxes? Highlights of TCJA and Rates if Sunsetted on 12/31/2025 Read More »
Markets go up and markets go down over the course of an economic cycle, but the long-term trend is “Up and to the Right”, making all downturns thus far temporary. Why not take advantage of the dips as well as the gains? We believe you can benefit from either condition. Here’s how.