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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Since A Picture Is Worth A Thousand Words, We’ll Be Brief
Published Wednesday, July 20, 2022 at: 9:23 PM EDT
By our count, the bear market of 2022 is the latest of more than 20 market crises that came and went since 1957.
The bear market of 2022 began June 13, when the Standard & Poor’s 500 index closed more than -20% lower than its all-time closing high on January 3, 2022.
No one knows how long the bear market will last. The average bear market in modern history lasts about 11 months. On the other hand, having come off its low of June 16, this bear market might be over already. Strong economic fundamentals belie fears of a sharp downturn.
Amid recent uncertainty, remember that the U.S. stock market rose despite the onslaught of crises that have plagued modern history.
Is the inflation crisis of 2022, which comes on the heels of the Ukraine crisis, somehow how different from the Cuban missile crisis, 9/11, or the pandemic?
Selling stocks in a crisis is very likely to result in missing the recovery. While recent events are testing investor resolve, history indicates that the best strategy for building wealth is to stay put for the long run, even if it’s hard to do.
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