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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April Market Update – What’s Next?

By Investments

Market Outlook Update As we look ahead into the second year of the pandemic, there is optimism that the worst may be behind us. This leads us to ask, what next?  Some of the themes are continuing as expected, which bodes well for continued stock market strength across the globe.  An expected increase in Emerging Market stocks cooled off in…

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Happy New Year

By Investments

We are sending you a very brief summary of the recently passed Coronavirus Stimulus 2.0 along with a link to a well-done article in Business Week about how COVID-19 may be changing our lives going forward. Six months after the expiration of the CARES Act, the Senate finally engaged in a serious process to extend badly needed benefits with a…

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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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Election Week Update

By Investments

Although the race has not been called, it certainly looks like Vice-President Biden will be called the winner by this evening or tomorrow morning.  These results will not be official and legal wrangling may continue over the next week.  The election result will not change.  The Senate is highly likely to stay in Republican hands.  The most probable outcome is…

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Does the Election Really Matter to Markets?

By Investments

“What’s natural is the microbe. All the rest — health, integrity, purity (if you like) — is a product of the human will, of a vigilance that must never falter. The good man, the man who infects hardly anyone, is the man who has the fewest lapses of attention.”  Albert Camus, The Plague   As we head into next week, many are concerned about how…

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State of the States

By Thought Pieces

Some interesting insight in this recent article from Barron’s regarding the uncertainty that cities and states are facing due to the COVID-19 pandemic. The pandemic has introduced new risk into municipal bonds and the revenue shortfalls for most states are projected to be strikingly large. Eaton Vance ranked each state’s creditworthiness based on their fiscal year ending June 2019… wondering…

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The Death of the Stretch IRA

By Legacy

In our work with families that span generations, we plan for IRAs to be passed down to children or grandchildren so that they can continue to harness the power of tax deferral for up to another 50 years. Think of how powerful that is. Being able to stretch IRA distributions over a beneficiary’s entire lifetime led to essentially an additional…

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