How to Make Sure a Sudden Windfall Doesn’t Become Your Downfall

Woman in an armchair looking out of the window

If you’re human, you probably have day-dreamed about how you would spend a sudden windfall. For some of us, an exotic vacation or new car might top our list.  For others, the more practical may hold sway as we put money away for retirement or a child’s college expenses. Whatever your financial dreams, the suddenness […]

How to Create the Optimal Social Security Spousal Benefits Strategy

At some point we will all have to make the decision on when to claim Social Security, and it’s a big one. The program forms the bedrock to a safe retirement income plan and getting it right can be the difference in tens of thousands of dollars compounded out over the rest of your life. […]

Q&A: What’s the difference between an ESOP and an ESPP?

The financial world is loaded with jargon. You’re dealing with company ownership with both an Employee Stock Ownership Plan (ESOP) or an Employee Stock Purchase Plan (ESPP). These plans were created with the intent to help employees create and build wealth, but ESOPs specifically can also provide benefits for business owners. We’ll break down the […]

7 Last Minute Tips to Reduce Your Tax Bill

Slash your 2021 taxes

The deadline for most taxpayers to file their 2021 returns is April 18th this year. The number of opportunities to slash your tax bill drops off dramatically once the calendar year comes to a close, but there are still a few tried and true ways to get your taxable income down now before you file. […]

The Retirement Readiness Checklist

We periodically like to put together helpful guides and pieces that are easy to share with friends and family. Welcome to our newest piece! The retirement readiness checklist has everything you need to think about, consider, and work through as you approach your last day of work. We hope you find it helpful.   Retirement […]

Summer Financial Fitness

July marks the mid-point of the year. With kids out of school and the prospect of real, not-in-the-backyard vacation this year, it can be easy to put off thinking about some of the things you need to do consistently to keep your entire financial picture in focus. Below are a few things you should be […]

Get to Know Us

Carmichael Hill Pitch Deck

We spend lots of time getting to know our clients. We figured it was only fair to let you know more about us. So, we created a short introduction to our firm and our people. Its brief and worth the read. Click the link below to access the slides. Carmichael Hill Introduction

Why interest rates are killing your portfolio

Matt Bacon         March 12, 2021 Executive Summary – Bond yields moved more than two standard deviations since January 1st. Equity markets can’t handle that much movement that quickly. This led to volatility with a sell-off in long dated bonds and growth stocks with high multiples (mostly tech). Interest rates look like they have stabilized. Certain […]

The Story Behind the Wall Street Bets Reddit Thread and an Epic Short Squeeze

Gamestop (GME) is having its best worst week in company history. It started the year at a modest $17.25. This week it set an intraday high of $483, representing a 2,700% return. That’s impressive for a company with an obsolete business model. Their highest margin business line is in buying and reselling physical video games. […]

2020 In Review

US Dollar Decline Graph

2020 was a strange year. A pandemic, the likes of which have not been seen for a century, claimed jobs, fortunes, and lives. At its height, nine of every ten economies around the globe entered recession. Not since 1870 has the world entertained such a synchronous downturn. The US lost 25 million jobs. The S&P […]

Tesla Finally Cracks the S&P 500

Tesla Logo

Matt Bacon         Nov 20, 2020 Tesla marks yet another milestone this week as it joins the S&P 500. The company will officially join the index on December 21, 2020. The stock is up about 478% year to date, though earnings growth is paltry by comparison. Inclusion will drive the price even higher as assets tied […]

Why Equity Markets Just Had Their Best Week in Seven Months

November 9th, 2020          Matt Bacon Equity markets rallied last week in a way we haven’t seen since April. The S&P 500, Dow, and NASDAQ indexes were up 7.35%, 7.12%, and 8.98% respectively over just the last five days. Not only is this an incredible run, but it happened during the week […]

Paypal Takes the Plunge on Cryptocurrencies

October 22, 2020       Jim Stewart Paypal gave the crypto market a huge boost today by announcing that it was going to allow customers to buy, sell and hold Bitcoin and other virtual coins (Ethereum, Bitcoin cash and Litecoin) in their online wallets.  They are partnering with the Paxos Trust Company to offer the […]

Update on Fiscal Stimulus Round 2

A deal on a second round of fiscal stimulus has been in the works for months, but the House and Senate remain at an impasse. The death of Supreme Court Justice Ruth Bader Ginsburg on Sep. 18th made the passage less likely with a battle looming over the appointment of a new justice. However, hope […]

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 […]