If you have cash to invest – now or in the near future – what is the best way to do that? This is a common question we’ve heard over the years, and it is particularly important at this point in time. The major market indices are down roughly 20% year-to-date and smaller company stock indices have lost 30%. But, even more importantly,

Here are the key components of The CARES Act: INDIVIDUAL ASSISTANCE Recovery Rebates Provides all U.S. residents with an adjusted gross income of $75,000 or less $1,200 for singles and heads of households ($2,400 for married couples filing joints returns). The rebate is phased out by $5 for every $100 over $75,000 that an individual receives, and phased-out completely for incomes exceeding $99,000

It is anything but business as usual in the U.S. and around the world today. With 1 in 3 Americans in lock down and most of the population trying to stay at home and practice social distancing, our wallets are shut not because we want them to be, but out of necessity for health reasons. Here are our most recent market commentary and

In retirement, most people have much more control over taxes than they did prior to retiring. The reason for that is that there are a number of different buckets in which to pull money from; each with their own type of tax treatment. We’ve developed a tool called the Retirement Tax Filter to help ensure you maximize your lower tax bracket without creeping

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep yourself from making hasty decisions that could have a long-term impact on your ability to achieve your financial goals.

Well, there is no sugar coating the past two weeks in world stock markets or the coronavirus (COVID-19) pandemic. The big indexes are down 20% from recent February highs. The coronavirus and the economic implications of reduced normal daily activity are very real. Driving to work this morning, the roads were quiet. Families are altering Spring Break plans. Warren Buffett moved his big

This morning’s gains come after one of the biggest one-day declines in stock market history yesterday that dragged the S&P 500 Index into bear market territory, ending the longest bull market in history. Traders are taking their cues this morning from improving prospects for a stimulus package out of Washington, expectations of more policy responses from global central banks, and deeply oversold conditions. Asian markets bounced off their

We’d like to offer you our latest thoughts regarding the ongoing volatility in the markets due to the coronavirus. By the end of February, the Dow Jones Industrial Average was down 14% from its high point just a couple weeks earlier. The scale and speed of the recent equity losses were stunning. Still, we were not particularly surprised by this, since downturns historically

A cash balance plan is a mix between a traditional defined benefit pension plan and a defined contribution plan (such as a 401(k). A cash plan allows workers to have the option of a lifetime annuity. In my most cases, employers will contribute a set portion of a participant’s salary to the plan each year (a “pay credit”; usually equal to between 5%

Given the recent volatility in the markets, we want to provide you with our most recent thoughts on headlines pertaining to the coronavirus and its effect on the markets. A Brief History In late January, when news of the epidemic initially started to break, the stock market experienced several big drops. However, it bounced back pretty quickly, and on 2/12/2020 the Dow Jones

Conventional wisdom says that what goes up must come down. But even if you view market volatility as a normal occurrence, it can be tough to handle when your money is at stake. Though there’s no foolproof way to handle the ups and downs of the stock market, the following common-sense tips can help. Don’t put your eggs all in one basket Diversifying

2020 is off to a roaring start, picking up right where 2019 left off. Many investors are eyeing the upcoming presidential election as an impending storm for the stock market. In the four-year presidential cycle, pre-election years have tended to be the strongest for stocks, as sitting presidents have taken measures to boost the economy and stock market higher to garner votes. It

As a wealth management firm, our objective is to not only help clients reach their goals, but also define those goals as well. For instance, if one of your goals is to retire at age 62, we could not help you actually achieve that goal unless we know what “retirement” means to you. Often that means redefining retirement. The Changing Nature of Retirement

Planning your retirement income is like putting together a puzzle with many different pieces. One of the first steps in the process is to identify all potential income sources and estimate how much you can expect each one to provide. Social Security According to the Social Security Administration (SSA), nearly 9 of 10 people aged 65 or older receive Social Security benefits. However,

The U.S. airstrike that killed the top Iranian military commander last week was a major escalation in Mideast tensions. In fact, it would be difficult to overstate the geopolitical significance of this action. Iran likely will retaliate, possibly with attacks on American military personnel overseas. We cannot dismiss the risk that the situation may escalate further into a broader conflict. However, from a

There are five estate planning documents you may need, regardless of your age, health, or wealth: 1. Durable power of attorney 2. Advance medical directives 3. Will 4. Letter of instruction 5. Living trust The last document, a living trust, isn’t always necessary, but it’s included here because it’s a vital component of many estate plans. Durable power of attorney:  A durable power

Kelly and Bob regularly set aside a small portion of their budget for charitable donations. In addition to feeling good about supporting a number of worthy causes, they’ve been able to deduct the value of their charitable gifts from their Federal income tax return. Now, the couple thinks it is time to make a larger charitable contribution. Their intention is to donate some

Setting Every Community Up for Retirement Enhancement (SECURE) Act As Enacted on December 20, 2019 · Prepared for LPL by Davis & Harman LLP Top 10 Key Provisions 1. Open Multiple Employer Plans / Pooled Employer Plans – The SECURE Act allows unrelated small employers to band together in “open” 401(k) multiple-employer plans (MEPs; also referred to as pooled employer plans (PEPs)). This