Monthly Insights


“I love the Roth IRA. Tax-free income in retirement is a truly great deal.” -Suze Orman You’re no stranger to the power of compounding interest—but you still might be surprised at the astounding impact it can have on young investors’ financial futures. That’s why we want to share an important piece of advice with you today: tell the young people in your life to open up a Roth IRA, if they haven’t already. Why a Roth IRA? While the...

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“No one has ever become poor by giving.” ―Anne Frank The concept of a qualified charitable distribution (QCD) was first introduced in the Pension Protection Act of 2006.  A QCD allows an IRA owner over age 70½ to make a charitable contribution to a charity directly from the taxpayer’s IRA, without counting the distribution as taxable income.  In addition, the QCD also satisfies the owner’s Required Minimum Distribution...

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“There’s just one thing I can’t figure out. My income tax.” – Nat King Cole “The hardest thing to understand in the world is the income tax.” – Albert Einstein This past year, Halloween was barely over when House Republicans introduced their version of tax reform. Among those who understand the complexity of the tax code, as expressed by Nat King Cole and Albert Einstein, few observers thought such...

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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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“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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