While I remain confident that the U.S. equity market will eventually outperform in 2021 there will almost certainly be a greater degree of volatility in the second half of the year. With the double-edge sword that is vaccinations and the Delta Covid variant, economic restrictions are likely to lead to a slowdown in global growth.
A Fiduciary duty can be found in many professions however, within the context of investment advisors the duty begins and ends with loyalty and care.
The duty of loyalty is the obligation to always serve the clients’ best interest as well as the mitigating any conflicts of interest.
Starting in July, Americans who have children aged 17 and under, will be receiving payments for the Child Tax Credit that passed legislation under the American Rescue Plan. The IRS will begin sending out monthly payments of $250 or $300 through December to qualifying families.
Most of the lessons we have learned as Advisors is how we turn communication into actionable and successful plans to reach your goals. How we utilize resources for your benefit and the process that takes place, provides us with insight on how to best serve you, our clients. Financial Advising is both an Art and a Science.
Fed Chair Powell gave some interesting remarks at yesterdays (3/16/21) meeting. Taking a deep dive into his comments we can glean some pretty important thoughts on monetary policy and the market conditions looking forward.
While there are several individuals in great need of the stimulus payments from the government for others it is a windfall. Likewise, tax refunds can be unexpected bonus income that you are not relying on for your regular expenses. So, what do you do with this money?
Eligibility for the $1,400 (per person) stimulus check will be based on your reported income from either your 2019 or 2020 (if filed) tax return. Individuals will be eligible if they have an AGI of $75,000 or less and Married couples with an AGI of $150,000 or less. The income cap is $80,000 and $160,000 respectively. Many people have already received their stimulus payment or will within the coming weeks. You may still use the “Get my payment” tool on IRS.gov to find out specific details regarding your payment.
Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement
By Wade D. Pfau, Ph.D., CFA
Reverse Mortgages are a financing tool that have largely been ignored by retirement and financial planning professionals because of the negative connotation from years past. Dr. Pfau was interested in exploring this untapped resource and how it may fit into a retirement plan in a beneficial way and aren’t inherently a bad idea. The countless hours he spent researching reverse mortgages is apparent.
You know the scenario, it’s payday and before you know it bills are paid and you’ve already planned three dinners out with friends. Your budget is wiped out and you did not add to your savings. One of the best methods to ensure that you are hitting your savings goals is to pay yourself first.
If you have reached age 70½ and are evaluating charitable giving options, you may consider making a charitable donation directly from your IRA.
Contributions made directly from your IRA to a charity reduce the taxable portion of your IRA distributions and count toward your annual required minimum distribution (RMD).
