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When the Tax Cuts And Jobs Act (TCJA) was signed into law on December 22, 2017, it was the most sweeping rewrite of U.S. tax law since the Tax Reform Act of 1986. Now, it’s about to be undone.
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Medicare Spending Threat Receded But The Practical Impact On Tax Planning Is Limited
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What To Know About Converting To Roth IRAs
The Federal debt is projected to increase to 110% of the size of the economy in 2032 — higher than it’s ever been. In the following two decades through 2052, growing deficits are projected to push the federal debt much higher still, to nearly twice the size of gross domestic product. Based on these projections from the nonpartisan Congressional Budget Office, it’s fair to say the interest owed on the federal debt skyrockets and becomes unsustainable by 2052.
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2023 Year-End Tax Planning, Part 1
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A $5 Million Nest Egg Does Not Buy A Fulfilling Retirement
The law of the hammer is a cognitive bias to treat every problem as if it’s a nail. People do it with money. As financial professionals, however, we want to be clear that money won’t buy you a fulfilling retirement.
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Defining And Achieving What Floats Your Boat
Clients come to us for technical financial and tax advice. Surprisingly, helping them define and achieve NON-financial goals is what often makes their lives more fulfilling.
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The Silver Linings Playbook For Cryptocurrency Losses
Crypto investors have an unusually good opportunity to harvest their tax losses by the end of 2023.
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The five questions below are a challenge and an effort to allow you to assess your knowledge of current financial economic conditions. If you have been following our news stream, this quiz draws on familiar ground. The answers are below, along with additional resources and documentation related to the answers.
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Planning Briefs
Investor Alert: Bear Markets Bring Out Advice And Scams Preying On Fear
Published Thursday, June 30, 2022 at: 7:29 AM EDT
Bear markets in stocks tend to bring out investment deals and scams preying on fear. With the bear market becoming official on June 13, when the Standard &Poor’s 500 index closed more than -20% lower than its January 3 all-time high close of 4,796.56, please be aware that investment pitches and outright scams that prey on fear become more believable in bear markets.
In an exuberant bull market in stocks, speculative investments are more easily sold. People feel wealthier and are more willing to take a risk because risky assets are appreciating. The hot cryptocurrency prices and subsequent crash epitomize an overly exuberant investment period.
The new bear market is likely to change things up. Financial consumers should expect a rise in the volume of pitches from fear mongers. Be on the lookout for pitches based on doomsday scenarios about a stock market crash, runaway inflation, and other frightful tales offering you shelter from the coming storm.
For 200 years, U.S. stocks and real estate have been among the leading investments available to Americans. Gold, a popular asset in times of uncertainty, in the past, has not even come close to providing the returns on stocks.
Investing is an emotional experience as well as financial. Times of high-anxiety can test your ability to tolerate risk and stick with your long term plan.
Nothing contained herein is to be considered a solicitation, research material, an investment recommendation, or advice of any kind, and it is subject to change without notice. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. Product suitability must be independently determined for each individual investor. Tax advice always depends on your particular personal situation and preferences. You should consult the appropriate financial professional regarding your specific circumstances. The material represents an assessment of financial, economic and tax law at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions. This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
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