Our team of skilled professionals share their expertise on financial planning, wealth management, investing, the economy and the latest market trends.
Insights and Interests
Having a deadline is helpful to many of us. In such a busy world with so many things coming at us from different directions it is easy to put things off that don’t have a deadline. Most who are charitably inclined are passionate about the charities they support and often times are able to contribute additional funds because of the resulting tax benefit. The December 31st tax deadline, however, has moved most of us in the direction of gifting when that deadline nears. As that deadline nears this year, we encourage you to consider how your charitable ideals are being incorporated into your overall financial plan.
Mid-Year Financial Check Up
The first half of 2021 is behind us. As we continue to experience the ups and downs of living through a pandemic, a mid-year financial checkup may be more important than ever. Take a look at the different ways you can keep your financial situation on the right path.
Is Inflation Coming Back?
We’ve all been hearing a lot about inflation in the news lately. In this month’s PCM Insights we dig into the numbers for some perspective on current inflation trends, whether those trends are here to stay or short-term aberrations, and what this all means to investors.
Navigating Biden's Tax Plan
You’re probably familiar with the old Benjamin Franklin adage that “in this world nothing can be said to be certain, except death and taxes.” But when it comes to the tax code provisions themselves, the only certainty is that those provisions will change.
Given the prospect of future potential changes under the Biden administration, here are some helpful tools that we use when thinking about how those potential changes may impact taxpayers.
American Rescue Plan Act of 2021
“The hardest thing in the world to understand is the income tax.” – Albert Einstein
The American Rescue Plan Act, signed into law March 2021, includes many provisions intended to assist Americans financially impacted by the pandemic. Our summary covers some of the additional complexities that may impact your tax filing process, recovery rebates, 2021 child tax credits, dependent care credits and more.
Estate Planning Basics
Estate planning is a topic shrouded in myth, misinformation and emotion. Though the details can get complicated depending on specific situations, there are basics that provide a foundation for good estate planning. This piece will outlines:
- The four main methods property is distributed upon an individual’s death;
- The important components for an estate plan; and
- Why having a personalized estate plan is vital.
Important 2021 Financial Deadlines
“You can break that big plan into small steps and take the first step right away.” – Indira Gandhi
There are important financial deadlines occurring throughout the year. Schedule some time with your advisor to review these deadlines and other numbers to keep in mind when planning financial decisions in 2021.
View all of our past Insights and Interests
Fourth Quarter 2021
Although equities market returns were strong during 2021, we faced many challenges that will persist into 2022. However, the economy continued to advance as it continues to adapt to the everchanging COVID-19 landscape.
Third Quarter 2021
“The supply chain stuff is really tricky.” - Elon Musk
As the leaves began to change in September, investor sentiment also started to shift. Concerns about supply chain issues, elevated levels of inflation, the COVID-19 delta variant, and the potential for increased taxes all weighed on investors’ minds. Global stocks declined during the month of September and ended the quarter down 1%. US stocks were also down in September but ended the quarter with a slight gain. We explore these topics and more in the enclosed commentary.
Second Quarter 2021
“Humility is not thinking less of yourself, it’s thinking of yourself less.” – C.S. Lewis
In Q2 2021, equities markets posted solid gains, while scarcity of resources propelled wages and inflation, and discussions around monetary policy and interest rates.
First Quarter 2021
“An open heart is an open mind.” – Dali Lama XIV
Global equity markets continued to notch record highs in the first quarter as investors embraced better than expected corporate profits, increasing business activity, and improving COVID-19 vaccination progress.
View all of our past Quarterly Newsletters