Do we blame it on the Philadelphia Eagles winning the Super Bowl?? (just kidding- I am glad the underdogs won!)
From the archives of TGIF 2 minutes I found a very handy message – one that still holds true two years later for surviving the weakness we are currently experiencing in the stock and bond markets. Here is the original article: click here. The title of the message was “‘Gut Check’ in Rocky Markets” (Jan. 2016). As even as the most experienced savers and investors can tell you, down markets are not fun and they can be scary and stressful. However, I try to remind my clients and friends NOT to allow short-term market moves (weekly, monthly, quarterly…even lasting the course of a year) to lead you to make poor decisions.Rather, make your investing decisions alongside a trusted adviser – and ideally far in advance of a market decline. (Hint: most of my clients can stop reading here and say “TGIF”.)
In a previous edition of TGIF 2 minutes I reviewed the topic of “Caring for Aging Parents.” The subject remains a big, big topic of conversation with friends and clients. PLUS, as people experience caring for a parent they suddenly say: How much do I need to be concerned about planning for MY OWN Long-Term Care down the line?!
A couple of planning “gems” to pass along from the plethora of great financial news reporting* on the new Tax Plan.
Use the Roth 401k whenever it is available at your employer or your company (there are NO income limits for a worker to contribute to a Roth 401k, unlike a Roth IRA).
For those of you doing Charitable Gifting AND because of the new, higher Standard Deduction that you may consider using instead of itemizing your taxes, consider doing your Charitable Gifting every OTHER year. This, in effect, “bunches” (to use Greg Iacurci’s word) your charitable gifting into LARGER amounts and then you may only need to itemize in years when your charitable gifting plus deductions is MORE THAN $24,000 for married couples ($12,000 for Single filers).
Welcome to 2018. In checking out Dictionary.com I found:
“No rest for the weary definition. You must keep persevering no matter how tired or overworked you are.”
This could be the mantra of my readers, no matter if you are in your first job, running a company, or retired. If you want to be successful and informed, it takes hard work to wake up – and keep up – in America today. Continue reading “No Rest for the Weary”
Back by popular demand is the Year-End wrap up! Some of these affected our portfolios and others made our lives better…or at least made us smile for a few days.
Last year, 2016, gave us a year of historic market highs, mind-blowing political events (remember Brexit?) and epic sports achievements. This year, 2017, gave us more historic market highs, more epic sports achievements and, yes, more mind-blowing political events. And ever more. Read on….
Are you familiar with the saying, “Even a blind squirrel finds a nut every once in a while”?
The year of 2017 (and every year since 2009) in the stock markets could fall under this category – and prove dangerous to those not recognizing or admitting this reality. In other words when the S&P 500, the index of the largest and most recognizable companies in America, rises every year (including dividends) for 9 years in a row (and was up over 13.5% in 6 out of those 9 years) we have been given a slightly false sense of security that investing is easy.
We all know the “Basic 3” topics NOT recommended for talk around the Thanksgiving table: Sex, Politics and Religion. Two others on the list are Money and various Family Matters. The gloves can tend to come off, feelings hurt and more.
But there are times when several of these topics must be addressed – keeping in mind that “there is a time and place for everything”. So, in that vein, here is a list of at least 10 topics that were most likely NOT discussed at Thanksgiving but that may be important and remain on lots of peoples’ minds: Continue reading “10 Things NOT Talked About at Thanksgiving”
AS IF we need to hear any further “noise” about the debate in Washington, DC regarding tax policy. There is a basic silver lining (or two) to the discussion worth pointing out. First, a quick review of the big-picture elements in the limelight:
The number and rate of Individual tax payer brackets (15%, 25%, 35%, etc.)
The corporate tax rate (20%? 35%? pass-through? etc.)
Individual retirement savings vehicles and allowances (IRAs, 401k, “Roth-i-fication”, etc.)
Might I offer TWO “silver linings” to this prolonged, politically entrenched back-and-forth on tax policy: