Coronavirus Aid, Relief and Economic Security (CARES) Act

March 27, 2020 Jeff Grodsky, Matt Bacon, Jim Stewart On Wednesday, the Senate unanimously passed a $2 trillion economic rescue plan that will provide relief to the U.S. economy as the Coronavirus rages on. The bill passed the House and was signed by the President this afternoon. This bill is by far the largest stimulus […]

Same Crisis, New Responses

March 24, 2020 Matt Bacon and Jim Stewart The new reality brought by the Coronavirus continues to rattle markets as the Dow and S&P continue to oscillate heavily. Apart from the rising number of infections there is little to report on the virus itself, but responses to containing it are evolving rapidly. California Governor Gavin […]

In a surprise move the Fed slashes interest rates to 0% and markets plunge

By James Stewart and Matt Bacon March 16, 2020 Fears abound as volatility continues to roil the markets, the likes of which haven’t been seen in over three decades. The last few weeks have broken records and set new ones, and no, not in a good way. Thursday, March 12th saw the largest single-day point […]

Oil hits the “Bargain Bin” amidst another day of extreme volatility

March 10, 2020 By Matt Bacon Yesterday was a record day in the markets as oil prices fell nearly 30% amidst another day of extreme volatility. On Sunday, March 8th an alliance on oil output between Saudi Arabia and Russia collapsed. The two oil- dependent economies had been restraining supply since 2017 to prop up […]

Why the Coronavirus Won’t Ruin Your Retirement

Feb 27, 2020 by Matt Bacon Markets are on a downward trajectory. At the time of this writing the S&P 500 has closed down for the last six consecutive days as Coronavirus fears proliferate. Both the Dow and S&P 500 are now negative for the year. Swaths of China have gone into lockdown as have […]

Congress Passes the SECURE Act by Matt Bacon

December 26, 2019 New legislation was recently passed which contains a laundry list of measures designed to expand and modernize the retirement plan system in America. The Setting Every Community Up for Retirement Enhancement, or SECURE act, brings a host of changes for retirees, particularly those with significant tax-deferred savings. What follows is a brief […]

Tariffs and Trade

April 16, 2018 What is a Tariff? Quite simply a tariff is a tax on imports or exports. Tariffs are used by sovereign countries to protect domestic industries from competition and/or to generate revenues. They can be in the form of a fixed percentage of the price of a good or a fixed dollar amount. […]

The Tax Cuts and Jobs Act of 2017

January 17th, 2018 On December 22nd, 2017, President Trump signed into law the Tax Cuts and Jobs Act of 2017 (TCJA). We have received many inquiries from clients regarding the impact the TCJA will have on their tax liability. The new law reduces or eliminates many of the deductions afforded to taxpayers who currently itemize […]

Positioning your portfolio in a rising interest rate environment

The fixed income markets experienced a significant increase in interest rates in the fourth quarter of 2016. On October 1st, the ten-year U.S. Treasury Note stood at 1.60%. The yield had increased to 2.59% on December 16th and currently sits at 2.33% as of this writing. Additionally, in December the Federal Reserve raised its target […]

20 Ways to Minimize Your Taxes

October 12, 2017 We believe tax planning should be proactive and ongoing. A quick review before the New Year can help minimize taxes. Of course some tax regulations could change with the recently released tax reform plan proposed by the White House and Congressional Republican leaders. If the bill comes to fruition and passes, the […]

Equifax Breach

September 21, 2017 Over the past week, we have received numerous inquiries from clients regarding the Equifax security breach. While the true scope of the breach has yet to be determined, we wanted to provide information about the incident as well as recommendations for safeguarding your personal data. Background of what happened: Equifax announced on […]

What are Cryptocurrencies?

July 17, 2017      Jeff Grodsky, CFP® Our society has been moving towards an electronic cashless payment system for many years. Most people don’t carry much physical cash with them anymore due to convenience, security, and efficiency. Online banking, PayPal, and credit cards have been the dominate players in this area. Cryptocurrency is a […]

The Rising Costs of Health Care

With the new administration’s failed initiative to repeal the Affordable Care Act, we have seen a renewed focus on the rising costs of health care. Health insurance premiums have risen 213% from 1999 to 2016 for family coverage purchased through an employer .1 Wages have risen 60% in that time2 with inflation rising 44%.3 While […]

Cyber Security

October 14, 2016 We live in a world that is more connected than ever before and the internet touches almost all aspects of everyone’s daily life, whether we realize it or not. Over the past several years there have been numerous cyber breaches of personal information. This is a trend that will continue to grow […]