Recently, my child, a high school freshman, started a personal finance class at school. As a parent, I’m thankful she has the opportunity to increase her financial literacy in a structured way. Although, it reminds me that many financial lessons are learned through the course of daily life. Some adults have not been taught financial literacy, and for them, those lessons can often be learned the hard way. Why We… Read More
Tax season is upon us once again, and as we start accumulating the various forms and documents filling our mailboxes, the process of tax preparation begins. While it can be daunting, each tax document you receive from income sources, investments, or business entities provides a piece of the puzzle to complete the full picture of your income. We have compiled helpful information on the three most common forms you… Read More
This week, we continue our 2024 year in review with a look at how fixed income performed last year. One of the hot topics in the market over the past few years has been the influence of the Federal Reserve’s interest rate decisions. These decisions have certainly affected the fixed income markets, particularly in 2024 as interest rate cuts were made. The Impact of Interest Rates on Bonds The Fed… Read More
I’m a big ice hockey fan! To be more specific, I’m a big Philadelphia Flyers fan! Of the four major North American sports, ice hockey ranks fourth in popularity. I think for many people, the lack of goal scoring makes ice hockey seem less exciting than other sports. For me, it’s the anticipation of goal scoring that holds my attention. If I get out of my seat for a minute… Read More
Last week, Garry introduced our blog series reflecting on the 2024 investment markets. This week, we’re diving deeper into the stock market’s performance, highlighting key trends and insights. The 2024 Stock Market: Overview 2024 marked another strong year of positive returns for investors. Following the downturn in 2022, patience was rewarded as both 2023 and 2024 delivered substantial gains. In 2024, several stock market indexes achieved outsized returns: the S&P… Read More
As we begin a new year, it gives us an opportunity to look back on the year in markets in 2024. It was a largely positive year across most asset classes, and we will review different parts of the 2024 market over the next few weeks during our Q1 blog series. During preparation for this blog series, I was curious to look back at what the “experts” predicted for the… Read More
As of the end of 2022, Americans held approximately $37.8 trillion in retirement plans and accounts ($26.3 trillion in employer-sponsored plans and $11.5 trillion in IRAs). These accounts have been around a long time, IRAs and 401(k)s were both initially established in the 1970s. If they were collectibles, they’d be approaching vintage status. Most of us enjoy the allure of new and shiny gadgets, so it’s easy to… Read More
It is, once again, the beginning of a new year! The arrival of a new year provides all of us with a chance to reflect on 2024 and consider what we want to see happen in 2025. This process of reflection and planning is very valuable, and it is one of our favorite exercises to walk through with our clients. Here are a few reasons why we feel this exercise… Read More
Our current society is overwhelmed with sources of information on, well, everything! The evening newscasts usually include an update on the latest scam alert, meant to keep us informed and educated on the ways in which we can protect ourselves. We all have created our own list of “trusted sources” for times when we just aren’t confident in the source of information. Your shortlist of trusted sources might include attorneys… Read More
We wrap up our tax planning series today with an overview of tax payments and penalties. Throughout this series, we’ve explored aspects of tax planning starting with Tax Code Basics, then moving through Tax Brackets, Capital Gains, and then a dive into strategy for Standard vs. Itemized Deductions. As with many items in our tax code, getting your taxes paid is more complex than it would seem. Understanding the Basics: Payments &… Read More
