Monthly Insights

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


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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November 2017 Monthly Insight: Thoughts on Tax Reform and Stock Market Highs

Posted by on Wednesday, November 8th, 2017 in Investing, Market and Economic Updates, Monthly Insights, Personal Finance | 0 comments

“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. While this sheds some light on the direction tax reform is heading, the end result is still unclear. It’s not a...

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October 2017 Monthly Insight: Thoughts on a Potential Market Correction

Posted by on Wednesday, October 4th, 2017 in Investing, Monthly Insights, Personal Finance | 0 comments

“I can calculate the movement of the stars, but not the madness of men.” –Sir Isaac Newton The Wright brothers successfully conducted the first manned flight at Kill Devil Hills, NC, on December 17, 1903. However, an aircraft’s movement through the air can be explained and described by physical principals discovered over 300 years ago by Sir Isaac Newton. He developed his theories of gravitation in 1666, when he was only 23 years old. Twenty years later, he presented his three laws of motion in the “Philosophiae...

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