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”

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 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?”

Did you hear GameStop went viral?

Here’s a quick guide to the market frenzy you’re seeing in the headlines. What is GameStop and why does everyone care? GameStop is a brick-and-mortar video game chain that hit hard times in the pandemic. Like many distressed companies, it was targeted by short sellers betting that the stock’s price would go down.1 Basically, shortContinue reading “Did you hear GameStop went viral?”

January 2021 – Q4 Market Recap

A rollercoaster year ends on a high note In terms of finance, as in so many ways, 2020 was a year none of us will ever forget. The initial outbreak of Covid and fears about its rapid spread sent stocks and Treasury bond yields plummeting in March. The broad-based S&P 500 Index lost nearly 33.9%Continue reading “January 2021 – Q4 Market Recap”

2021 Financial Goals

The year 2020 presented us with unique challenges. Never has a singular event had such wide-ranging repercussions as the Covid pandemic. It has touched nearly every area of our lives. Schooling, socializing, family gatherings, travel, and more. And the restraints from social distancing and restrictions implemented to slow the spread of Covid remain in place.Continue reading “2021 Financial Goals”

CARES Act and Medical Eligible Expenses

Hi Wealth Warriors!!! I wanted to share some recent CARES Act information that hasn’t been widely publicized. The CARES Act that was recently signed into law and most of the attention has been around the stimulus payments and the support for businesses. The CARES Act also made changes to eligible expenses for the health savingsContinue reading “CARES Act and Medical Eligible Expenses”