Will Tax Law Changes Increase Your Taxes?

Will you be paying more in taxes next year? Let’s ask the question in another way. Since politicians have taken aim at high earners: Are taxes going to rise for the wealthiest taxpayers? Clients usually ask, “How will this affect me?” Or, “Will I be ensnared by Congress’ definition of wealthy?” If proposed changes inContinue reading “Will Tax Law Changes Increase Your Taxes?”

Market Update:A Covid Recession and Recovery

The economy hit a peak in February 2020 and bottomed out in April of the same year, according to the National Bureau of Economic Research (NBER), which is viewed as the arbiter of recessions and economic recoveries. In determining the peak and trough of the economy, the NBER considers several indicators of employment and production.Continue reading “Market Update:A Covid Recession and Recovery”

7 Ways to Stay on Track and Meet Your Retirement Goals

Are you on track to retire comfortably? What are your financial goals? How much income will you need to generate each month when you have retired? What might be some of your longer-term goals outside the financial arena, but goals that would be aided by a larger pool of savings? Our regular check-ins are designedContinue reading “7 Ways to Stay on Track and Meet Your Retirement Goals”

Will you be paying higher taxes on your capital gains?

The short answer is probably “No.” The longer answer is, “I don’t know” because tax hikes proposed by the president may or may not be enacted into law by Congress. Last month, President Joe Biden unveiled The American Families Plan, which among other things, proposes to raise capital gains taxes on long-term capital gains—on theContinue reading “Will you be paying higher taxes on your capital gains?”

Charitable Giving and 7 Charitable Giving Missteps

Individuals, foundations, bequests, and corporations gave an estimated $449.6 billion to U.S. charities in 2019, according to findings in Giving USA 2020: The Annual Report on Philanthropy for the Year 2019. Individuals, foundations, bequests, and corporations gave an estimated $449.6 billion to U.S. charities in 2019, according to findings in Giving USA 2020: The AnnualContinue reading “Charitable Giving and 7 Charitable Giving Missteps”

Avoiding 7 Retirement Traps

Hi Wealth Warriors!!! How is your fight for wealth going? Today I wanted to share some thoughts on some traps to avoid as you approach retirement. Some of the tips may be applicable at any stage of wealth building. You have saved and invested for decades and you are gearing up for retirement, or maybeContinue reading “Avoiding 7 Retirement Traps”

The COVID Economy, a Year Later

This time last year, the World Health Organization recently had declared that the spread of Covid-19 constituted a worldwide pandemic. Stringent measures in the U.S. were being taken to slow the spread of Covid and “flatten the curve.” The lockdowns and shelter-in-place orders dealt a body blow to U.S. economic activity. Investors, who attempt toContinue reading “The COVID Economy, a Year Later”

The American Rescue Plan – How will it impact you?

So, the next (final?) round of stimulus was signed into law by President Biden. Let’s dive in. The $1.9 trillion bill called the American Rescue Plan Act of 2021 includes stimulus checks, child tax credits, jobless help, vaccine-distribution money, healthcare subsidies, and aid for struggling restaurants. What’s not inside? A higher minimum wage.  Here’s aContinue reading “The American Rescue Plan – How will it impact you?”

February Market Recap

Internet forums vs. the professionals, or revenge of the nerds Why have stocks been on such a powerful run, overcoming a dangerous pandemic that has rocked our economy? The tailwinds that have fueled the advance include low interest rates, liquidity from monthly Federal Reserve bond buys, the Fed’s owns forecast that rates will remain lowContinue reading “February Market Recap”

How to Identify and Avoid Scams

Have you been scammed before? When was the last time you received a phone call or email from a scammer? It you were contacted recently, you aren’t alone. The FBI said it recorded 467,361 complaints in 2019 and more than $3.5 billion in losses to individuals and businesses. The costliest scams involved business email compromise,Continue reading “How to Identify and Avoid Scams”