Posts by Lee


Financial organization is a cornerstone of a healthy financial life. At the most basic level, financial organization saves time and money because it aids in paying bills on time, finding needed documents during tax season, providing proof of payment, disputing credit cards or billing errors, and avoiding the stress of dealing with piles of unorganized bills and paperwork. It also sets the stage for better decisions on investments,...

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“We have two classes of forecasters: Those who don’t know – and those who don’t know they don’t know.” –John Kenneth Galbraith Annual Market Review 2017 The year 2017 was eventful, to say the least. President Trump and Congress tried, without success, to repeal the Affordable Care Act, known as Obamacare. However, the new year-end tax law included the elimination of the individual health insurance mandate. The...

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Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair. –Sam Ewing, former professional baseball player and All-American at The University of Tennessee   On Wednesday, November 9, Janet Yellen gave what was most likely her last testimony to the Joint Economic Committee as Chair of the Federal Reserve.  In her testimony, she stated that she felt the economic...

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Although tax season is still months away, tax management should begin in the fall – especially for high-income earners facing the 3.8% net investment income tax, AMT, and other taxes. Our handy, downloadable PDF contains seven questions that can help you open a discussion with your CPA and your financial advisor about next year’s tax bill. Have the discussion early in the fall so you still have time to make adjustments if necessary....

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“Don’t tax you, don’t tax me, tax that man behind the tree.” —Louisiana Senator Russell Long; former chair of the Senate Finance Committee (1966 to 1981) Tax reform The House Ways and Means Committee released H. R. 1, The Tax Cuts and Jobs Act, on Thursday, November 2. The House Republican bill provided some clarity in terms of specific breakpoints for tax rates, and details on which deductions would be eliminated or reduced....

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