The long running economic expansion – now the second longest on record – and the accompanying exceptional returns in the stock market have been very beneficial to all of us. As the economic expansion and accompanying bull market enters its tenth year, this happy anniversary is a good time to reflect on the merits of rebalancing diversified portfolios.
Yesterday’s market drop was certainly disconcerting for most of us, but it is unfortunate that we did not see a more enlightening end-of day headline along the lines of "Dow drop is 99th largest on record." Monday’s drop of 1,175 points on the Dow was the largest absolute point drop in history, with the index falling from a near all-time high of 25,521 to 24,346 at the end of the day, a percentage drop of 4.6%.
With the Senate passing the tax bill just after midnight last night and the House expected to take another vote later today it is virtually certain that the Tax Cuts and Jobs Act of 2017 will become law. This Communiqué will focus on a summary of new or changed provisions that apply to individuals and most importantly, some year-end planning strategies that each of us should consider.
In our last Communiqué, we discussed the ongoing debate about passive versus active equity investment and our “core/noncore” approach of using passive (index) equity funds in the large and mid-cap U.S. equity categories and actively managed equity funds in the U.S. small cap and other less efficient market sectors...
If you have followed the financial press over the last year or two, you probably have noticed the continuing trend among individual investors of transitioning investment funds from actively managed to passively managed (index) funds. A recent article in the Wall Street Journal noted that over $300 billion moved from active to passive funds...
We help our clients achieve financial independence...not necessarily "retirement" but instead, having the ability to have the life you look forward to and knowing you have the financial ability to step away from you job or career - even one that you might enjoy so that you might realize other long term objectives.
This is included in our fee and part of what we offer to every client.
CloseYoung couples, and frequently grandparents, ask about planning for the education of children or grandchildren. We regularly/routinely prepare education funding computations so that parents and grandparents can plan for the education of their children.
This is included in our fee and part of what we offer to every client.
CloseWhether it involves long-term care planning, a review of existing life insurance policies or something as mundane as a review of your home and automobile liability coverage, we can assist you in determining whether you have the proper coverages. We are not insurance agents but we do know what to look for in your policies and determine whether or not you need to make changes.
This is included in our fee and part of what we offer to every client.
CloseAre you struggling to understand how the new tax laws impact your family? We can help you determine what strategies can be used to minimize your income taxes and can structure your investments to minimize your tax burden.
This is included in our fee and part of what we offer to every client.
CloseDo you have an up to date estate plan? We regularly work with attorneys to make sure that your plan documents are current and achieve your dispositive objectives and meet all of your concerns.
This is included in our fee and part of what we offer to every client.
CloseDo you use appreciated securities for your charitable giving? Have you considered how a donor advised family fund might actually save you taxes and be used for your annual charitable giving? We can help .... from explaining the concepts all the way through execution.
This is included in our fee and part of what we offer to every client.
Close