Tax Management in Bull Markets
How do we manage accounts when everything is up? With cooperative markets, many investors have accumulated substantial capital gains in their investment accounts. We analyze the trade-off between ideal allocation & paying tax to achieve it. In general, we advocate paying tax along the way to avoid over-concentration. When I was growing up, my granddad […]
Retirement Saving Myths and Misconceptions
We are fortunate to have a very educated and knowledgeable client base, but we are consistently surprised by the myths and misconceptions clients and prospects bring to the conversation. Below I have listed my Top 7 Myths and Misconceptions About Retirement Savings; it is by no means a complete list but highlights the most common […]
Portfolio Rebalancing
Below are our key conclusions when considering rebalancing as part of an overall investment management: At the beginning of most of our relationships people rightfully ask “how do you manage our investments?” In response, we try to provide an in-depth discussion of our philosophies and our beliefs about best practices in portfolio management. While much […]
Upcoming Child Tax Credit Checks: Not Free Money
Max Child Tax Credit now $3,600/child under 6; $3,000 ages 6-17 Even high-income families will receive 50% advances on these credits Advance payments can increase your tax bill next year, all else equal If you take a vacation in the middle of this month, you may come home to a surprise check in the mail. […]
Giving Strategy for Charity Gala Season
Fewer than 15% of taxpayers itemize deductions since 2018 tax reform. Timing the donations you already plan to make can maximize tax deductions. Your charities can still receive stable monthly income via a Donor Advised Fund. This week marks the first official week of summer and, at least for my family, this change of season […]
Don’t Worry, There’s Still Time for 2020
I know what you are thinking. It is on everyone’s mind. “2020 was so much fun, such a great year, I wish it would stay 2020 forever.” (Disclaimer: as a new father, I am now qualified to make bad jokes). Well, unfortunately, I cannot bring back 2020, but I do have some good news: there’s […]