Economic & Market Update Money on the Move and a Big Bank Lifeline March 24, 2023 - Money is leaving some small banks, but they have good credit lines and problems should not spread. Money market funds are very popular again.
Economic & Market Update March 2023 Economic & Market Outlook March 6, 2023 - The global economy continues to avoid a near-term recession, as consumer spending remains strong and the effects of monetary tightening have yet to be fully realized. Opportunity can still be found in the bond and equity markets though equity market advances will be dependent upon progress on inflation and clearer signs the Fed is close to the end of its tightening cycle. Read more in our March 2023 Economic & Market Outlook.
Tax Strategies Mitigating State “Millionaire’s Tax”: Filing Separately in Your State May Provide Relief February 17, 2023 - With the passage of the Tax Cuts and Jobs Act of 2017 that eliminated the “marriage penalty” tax brackets, filing a joint federal tax return has mainly become a foregone conclusion for married couples. Under certain circumstances, couples may still opt to file separately. Partner Dan Park and Principal Cheryl Donaldson outline several factors that warrant careful consideration and planning when filing your taxes.
Estate Planning Which Is Better-A Will or Revocable Trust? February 14, 2023 - A common decision when creating an estate plan is whether to use a will or a revocable living trust. There is a lot of confusion about when one should be used over the other. The answer is heavily dependent on which state you live in and what type of assets you own. In other words, […]
Insurance Planning & Risk Management Understanding Your Medicare Options February 14, 2023 — Soon-to-be retirees about to turn 65 have an important choice to make regarding their health insurance. Specifically, do you go with traditional, public-sector Medicare, or do you combine that approach with a privately-administered Medicare “Advantage” plan?
Economic & Market Update Part III: What Will the Fed Do Next? February 11, 2023 — In this tertiary installment, Senior Associate Saywer Rothmann outlines the Fed’s checklist on the flight plan to fighting inflation – something Powell articulated quite well in this past press conference.
Economic & Market Update February 2023 Economic & Market Outlook February 2, 2023 — Markets have recently been and will continue to be driven by three key influences: monetary policy primarily emanating from the Federal Reserve, China’s COVID reopening and the growth potential therein, and the earnings and guidance reported by leading S&P 500 firms. While we remain cautiously optimistic that inflation will continue to abate, rates will stabilize, and the global economy will not fall into recession, the market’s assessment of the three key influences will determine the short-to-mid-term path forward.
Estate Planning What Is New York’s Estate Tax Cliff? January 22, 2023 — As part of Tax Cuts and Jobs Act of 2017, the U.S. federal estate tax exemption amount increased to approximately $12.92 million per individual or $25.84 million per couple (2023). As a result, many families are no longer subject to federal estate tax due to the high estate tax exemption amounts. However, several individual states […]
Financial Planning Domicile vs. Tax Residency: What Is Domicile and How Do You Change It? January 10, 2023 — As a CPA and financial advisor, clients often ask me for ways to reduce taxes. Since the enactment of the Tax Cuts and Jobs Act of 2017, which limited state and local tax deductions to $10,000, many clients, particularly residents of high-tax states such as New Jersey, New York and Connecticut, have raised the question […]
