by John Geffert | Jun 24, 2021 | Deep in the Trenches
Starting July 15th, monthly Child Tax Credits (CTC) will go out to U.S households. The American Rescue Plan increased the credit from $2,000 to $3,000 for children aged 6 to 17 and $3,600 for children under 6. Per the IRS website, they will pay half the total credit...
by John Geffert | Apr 21, 2021 | Deep in the Trenches
Do you know Joe Jackson, Tris Speaker, and Harry Heilman? If not, you’re not alone. How about Barry Bonds, Hank Aaron, Babe Ruth, Alex Rodriguez, and Sammy Sosa? All these guys played Major League Baseball. The first three names are in the all-time top-10 for career...
by John Geffert | Apr 8, 2021 | Deep in the Trenches
When things are going right, no one questions their investment strategy. It’s more challenging to find the same level of conviction when you’re watching the market nosedive. Your conviction was tested in 2020. If you stayed the course, you were likely rewarded. If you...
by John Geffert | Mar 17, 2021 | Deep in the Trenches
Before my first ultra-marathon, I reviewed the course map a lot. The map showed 4,700’ of elevation gain. A gain I struggled to conceptualize. For perspective, the Boston Marathon has roughly 800’ of elevation. The Manchester City Marathon had 1600’ of elevation gain....
by John Geffert | Mar 4, 2021 | Deep in the Trenches
The narrative we create in our minds isn’t always accurate. Look at the financial media’s recent coverage of the NASDAQ’s performance. “The intense sell-off” has been a daily breaking news headline. The top 5 weightings in the NASDAQ 100 are Apple, Microsoft, Amazon,...
by John Geffert | Mar 3, 2021 | Deep in the Trenches
If you’re a high-income earner wanting to reduce your taxable income, start with these five strategies. Max Out Your 401(k) The contribution limit for an individual in 2021 is $19,500. A married couple can reduce taxable income by $39,000. That’s a tax saving...
