Financial Planning, Risk Management

Is it Time to Buy Airlines, Cruise Lines, and Casinos?

I’ve had friends, family, and clients inquire about buying specific companies and sectors after the massive drawdowns due to COVID-19. The theme seems to be airlines, cruise lines, and casinos. Three of the biggest airlines are down between 50 and 60 percent YTD. The three largest cruise lines are down between 65 and 80 percent.… Continue reading Is it Time to Buy Airlines, Cruise Lines, and Casinos?

Financial Planning, Risk Management

What You Should Do When Markets Are Volatile

Any time there is market volatility or economic uncertainty, investor fear starts to rise. It seems no matter where you look, a news outlet is telling you "it’s the worst day since X,” or "we’re witnessing the largest weekly drop since Y.” The problem is, while these outlets are creating fear and/or concern, they generally… Continue reading What You Should Do When Markets Are Volatile

Financial Planning, Tax Planning

It’s Not About What You Make, It’s About What You Keep

If you unfamiliar with the financial term Tax Cost Ratio (TCR,) you aren’t alone. TCR refers to the amount a fund’s annualized return is reduced by taxes because of distributions (including stock and bond dividends and capital gains distributions). If a fund has a one-year tax cost ratio 0.9%, it means an investor’s returns were… Continue reading It’s Not About What You Make, It’s About What You Keep

Financial Planning, Tax Planning

Fully Funded 529? How to Get $8,000 in Tax Credits

As laws change and the tax codes are updated, I’m always looking for planning opportunities for our clients. The most recent opportunity will impact only a small subset of our clients, but can save a family approximately $8,000 per college student. This strategy revolves around college planning and specifically focuses on college tuition funding, 529… Continue reading Fully Funded 529? How to Get $8,000 in Tax Credits

Financial Planning

Understanding Required Minimum Distributions

What is a Required Minimum Distribution A Required Minimum Distribution (RMD) is the IRS mandated money that must be withdrawn from tax-deferred accounts (SEP, SIMPLE, IRAs, and qualified plans) beginning at age 72 (or 70.5 if the account owner turned that age before Dec. 31, 2019). RMDs act as a safeguard against individuals using retirement… Continue reading Understanding Required Minimum Distributions