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.
Federal Reserve policymakers voted to keep lending rates unchanged but suggested one more rate hike might be implemented before the end of 2023.
Grandparenting is more important than ever. It’s also much harder to do than a generation ago. This is the second in a series on grandparenting.
Medicare is not driving the nation off a fiscal cliff, according to an analysis by The New York Times (NYT). Contrary to projections by the Congressional Budget Office (CBO), the nation’s nonpartisan budget research agency, The Times says the huge threat to the U.S. budget posed by Medicare spending has receded.
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.
Year-end tax planning in 2023 can make a big financial difference in retirement funding and how much you leave your heirs. Here are some tips, situations, and useful ideas written by a real human with decades of experience in year-end tax planning maneuvers.
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.
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.
Crypto investors have an unusually good opportunity to harvest their tax losses by the end of 2023.
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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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.
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