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January 2024 Outlook

By Investments, Tax

January has been an up-and-down month after pleasantly strong investment returns across most assets in November-December 2023.  The return of the “Magnificent Seven” was widely reported in business news.  For most of 2023, seven giant companies drove the return of the entire S&P 500 index.  At the end of October, they were collectively responsible for the S&P 500 positive year-to-date…

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Low Notes and Turmoil at 3rd Quarter’s End

By Investments, Tax

As we head into the fourth quarter, there is a lot to unpack as political dysfunction and an onslaught of bad news dominate headlines. While political battles are often noise, the next looming budget fight is less than six weeks out and could affect global equity markets if it devolves into a shutdown. U.S. debt could be downgraded, and global…

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Secure Act 2.0: Changes to Retirement Plans

By Retirement, Tax

As we approach the final quarter of 2023, we want to address some year-end planning issues related to retirement plan distributions and upcoming open enrollment elections.  There have been many changes to retirement planning, but most are minor or occur in later years. The SECURE Act 2.0 (“Secure 2.0” or the “Act”), signed in December 2022, was intended to enhance…

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One Hot Mess

By Investments, Tax, Thought Pieces

“One hot mess” seems to be a prevailing theme as we collectively face multiple challenges.  In response to recent economic events, we recently made some relatively modest allocation changes by decreasing stock exposure.  The main positive is that we continue to experience economic growth in a low-interest-rate environment. Moreover, the probability that Congress will pass additional fiscal stimulus with the…

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A Word on Inflation and Taxes

By Investments, Tax

After a long advance, stock markets are now experiencing a pullback from record levels.  There appears to be increasing angst about inflation and coming tax increases creating fear among some that the market is due for a much more substantial sell off.  We do not think a severe correction is on the immediate horizon, but a further pullback in the…

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Tax Talk

By Tax

In the presence of chaos and uncertainty, it is important to set strong filters to separate the noise from actionable items.  One area where taking action can possibly make a difference is taxes. We will likely have a split government but even if both Democratic senate candidates win their run-off election in January, it will be extremely unlikely to see…

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