The Evolution of the Value versus Growth Debate

John Boardman

Weekly Update

As investors, we primarily utilize historic data for decision making.   With the plethora of data available, we are empowered to make sound choices for our clients.   Saying that, it is critical that we continue to evolve as markets evolve.   “Growth” versus “Value” investing is one of the longest standing debates in the investment world with … Continued

A History of the Individual Income Tax in America

Frank Yozwiak

Atheneum

Key Takeaways: Individual income taxes are the largest source of revenue for the government The 16th Amendment gave Congress “the power to lay and collect taxes on incomes” History has shown that tax revenues increase when rates are cut   Taxes have been part of our country’s history from the very beginning – No Taxation … Continued

Rates Have Fallen, Is it Time to Refinance?

Cameron Hamilton

Weekly Update

Interest rates have been falling since November and mortgage rates have followed suit.  Just like 10-year T-notes, both 30-year and 15-year fixed rate mortgages have seen rates decline roughly 1.1% over the last seven months (see the chart below).  Have rates hit the bottom?  They’re certainly close to historic lows.  Since the Federal Reserve began … Continued

When Too Much Tax Deferral Becomes Counterproductive

Brian Burton

Atheneum

Most of us have been told from early on in our careers to defer as much income as possible to ensure we’ll be properly prepared for retirement.  While not bad advice, most of these strategies involve only qualified deferrals, meaning all income tax gets punted until the distribution phase.  Now, if you do in fact … Continued

Pre-RMD & Social Security Roth Conversions

Andy Reynolds

Atheneum, Atheneum

Roth conversions should be especially considered if retired and not yet 70 years old. Withdrawing pre-tax funds and paying taxes before Social Security and Required Minimum Distributions may result in less tax paid on those funds over the long-term. Careful retirement income tax planning prior to age 70 may present significant long-term benefits for multiple … Continued

Taxes in Retirement – Case Studies

Frank Yozwiak

Atheneum

Key Takeaways: Your sources of income will change, but you will still owe taxes in retirement In general, your principal (or “cost basis”) will be returned to you tax-free A diversified portfolio provides protection in down markets, and also flexibility when planning for taxes.   When you’ve spent your adult life working and saving, retirement … Continued

Tips from Record Jeopardy! Contestant

Cameron Hamilton

Weekly Update

The television quiz show Jeopardy! currently has a champion as dominant as Secretariat at the Belmont or Tiger Woods at Pebble Beach.  James Holzhauer has won 22 straight games, earning over $1.6 Million.  I’ve been enthralled watching his quick wit and ultra-aggressive betting style, and would like to share some financial and life takeaways I’ve … Continued

The Investor Taxation Lifecycle

John Boardman

Atheneum

We are not CPAs nor are we tax preparers, but a great deal of our time is spent working with clients and their professionals honing a financial plan that is tax-efficient.  In fact, we advise our clients to hire a CPA with whom we can work together to manage their financial plan.  The financial plan … Continued

Financial Spring Cleaning

Andy Reynolds

Weekly Update

As lingering chilly days or rainy days occur during early spring, take some time to consider reviewing your current finances.  The top three financial spring-cleaning tasks are: Review your credit report from a free service such as annualcreditreport.com. Review your emergency fund status and create a plan to add to savings if it is insufficient. … Continued

Give and Get: Qualified Charitable Distributions

Cameron Hamilton

Atheneum

Key Takeaways 2017 Tax Reform has reduced the number of families who itemize deductions. Those who don’t itemize may not realize tax benefits from charitable donations. Qualified Charitable Distributions help donors above age 70 ½ realize a tax benefit. Donors younger than 70 ½ should consider the timing of their contributions.   Helping people give … Continued