Monthly Insights

"Ideas shape the course of history." -John Maynard Keynes


April 2018 Monthly Insight: Encourage Your Young Loved Ones to Save Early with a Roth IRA

Posted by on Wednesday, April 4th, 2018 in Monthly Insights, Personal Finance, Retirement, Wealth Management | 0 comments

“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 Roth IRA is a powerful tool for clients of any age, it has particularly strong benefits for younger generations....

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March 2018 Monthly Insight: Qualified Charitable Distributions

Posted by on Tuesday, March 6th, 2018 in Monthly Insights, Tax Planning, Wealth Management | 0 comments

“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 (RMD) requirements.  As a reminder, RMDs must start when the IRA owner reaches 70½ and in most cases is fully...

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February 2018 Monthly Insight: The New Tax Code and Tax Planning

Posted by on Wednesday, February 7th, 2018 in Monthly Insights, Personal Finance, Tax Planning | 0 comments

“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 a massive undertaking could be signed into law within seven short weeks.  Yet that is exactly what happened....

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January 2018 Monthly Insight: Looking Back at 2017

Posted by on Sunday, December 31st, 2017 in Market and Economic Updates, Monthly Insights | 0 comments

“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 U.S. economy started slowly but picked up steam as the year progressed. Ten years after its onset, the...

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December 2017 Monthly Insight: The Importance of Sustainable and Predictable Inflation

Posted by on Tuesday, December 5th, 2017 in Investing, Market and Economic Updates, Monthly Insights | 0 comments

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 expansion is broad-based and that the economy will continue to expand, thus growing wages and incomes.  Yellen...

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