Our team of skilled professionals share their expertise on financial planning, wealth management, investing, the economy and the latest market trends.
Insights and Interests
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.
New Year Tax Planning
“There is an ancient belief that the gods love the obscure and hate the obvious. Without benefit of divinity, modern men of similar persuasion draft provisions of the Internal Revenue Code.” – Martin D. Ginsburg
As we near the start of a new year it is important to start thinking about making financial resolutions and planning for annual milestones.
Election 2020: Post-Election Overview
“A house divided against itself cannot stand.” – Abraham Lincoln
This month’s commentary focuses on the incoming Biden Administration, vaccine development, economic momentum, interest rates, and tax reform.
Financial Planning - An Overview
“Our goals can only be reached through a vehicle of a plan in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” – Pablo Picasso
This year has thrown us some curveballs, but now is a great time to consider starting or revisiting your financial plan. Before jumping in though, take some time and look at what financial planning is, what it can encompass, and how you can get started.
Election 2020: 75 Days and Counting
“Just because you do not take an interest in politics, doesn’t mean politics won’t take an interest in you.” – Pericles
The 59th United States presidential election is upon us this fall and the stakes could not feel higher. The global economy experienced one of the sharpest contractions on record in the second quarter of 2020 with a recovery that depends on containing the COVID-19 pandemic and related economic fallout.
Learn what this all could mean in the months and year ahead.
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.
Fourth Quarter 2020
“Keep on Rockin' in the Free World.” - Neil Young
Capping off a tumultuous year, global equities delivered strong returns in the fourth quarter of 2020 finishing at record highs. Multiple catalysts including rebounding economic fundamentals, COVID-19 vaccine milestones, and certainty regarding the U.S. 2020 elections fueled these gains. To say 2020 was a volatile year is an understatement.
Third Quarter 2020
“The ultimate rulers of our democracy are not a President and senators and congressmen and government officials, but the voters of this country.” – Franklin Roosevelt
The third quarter of 2020 delivered solid returns across the board for broad-based global asset classes. On a YTD basis, U.S. stock returns have been positive and foreign stocks remain negative. Unprecedented U.S. monetary and fiscal stimulus, a strong dollar, and significant technology weightings within U.S. indices have driven U.S. outperformance.
Second Quarter 2020
“Like it or not, we live in interesting times.” - Robert Kennedy, 1966
Market returns in the second quarter of 2020 rewarded investors who stayed the course. While most broad stock indices have yet to make new highs, the double-digit gains for many risked-based assets during the quarter significantly pared the losses experienced earlier this year.