Tax reform took a lurch forward over the weekend with both the House and Senate passing different versions of the bill. You’ll find a lot of similarities between the two: overall tax rates are lower for individuals and businesses, child credits are increased, itemized deductions are simplified. However, there is compromising to be done. The houses will now work to reconcile the differences between the two versions, ideally coming up with a single plan before Santa Claus comes to town.Read Entire Article Here
The H Group Salem Blog
For some of our client families, this time of year means tax planning. For others, we’re focused on how to help them complete the charitable resolutions they set back in January. In today’s blog post we discuss how to achieve both by comparing gifts through Qualified Charitable Distributions, appreciated stock or Donor Advised Funds. For families with a charitable heart and a variety of assets, cash may not be the most tax efficient way to support their charity of choice. Read Entire Article Here
For those with a charitable heart, they know the secret: that the very act of giving makes us happier. They want share that secret with everyone, especially their families. No matter what your family looks like, you can instill values that will live on through generations of givers. As a firm, we are incredibly grateful to give back to our community with time and resources. As financial advisors, we have the great privilege of helping our charitably-minded clients find ways to create a family of philanthropists. Here are some ideas on how you can work to light philanthropic passion at any age. Read Entire Article Here
The Federal Reserve Board can seem mysterious. With signs of the stimulus program unwinding and the recent nomination of Jerome Powell to replace Janet Yellen next year as chair of the board, there's renewed interest in unpacking this opaque government entity. Our team of Certified Financial Planners want to share a little education with you this week, reviewing the details of The Federal Reserve Board, committees and what lies ahead with the proposed changes in leadership. Read Entire Article Here
For over 35 years, Ron and Kathy Kelemen have worked in the financial advisory business. Last Thursday marked their final day of work as they join several of our client families in retirement. Check out this fun, surprise video our team put together to honor their legacy. Read Entire Article Here
As fee-only-Certified Financial Planners, clients often ask us our opinion about various investments. It seems like we get this question every time there is a new investment fad or a new IPO offering. Because we are investment fiduciaries, we always try to provide advice that puts our clients' best interests first.
The problem with new things is that there often isn't enough credible information to offer a recommendation with 100% certainty. This is especially true with cryptocurrencies, such as bitcoins.Read Entire Article Here
What biases affect your financial decisions? Now that Richard Thaler has won the Nobel Prize in economics for his groundbreaking research in the field of behavioral finance, perhaps we'll all be more aware of our often-flawed decision making.Read Entire Article Here
With the Dow at over a record 23,000, we just passed the 28th anniversary of the October 19, 1987 stock market crash, in which the Dow fell 508 points, or 22.6% in one day. That would be the equivalent of about a 5,000 point drop today! I was a Certified Financial Planner with six years of experience at that time. Those were scary times because the shock came from out of the blue. I can remember it like it was yesterday. Fear and panic were everywhere. We didn’t have a Quotron machine in our office and the Internet didn’t exist then, so one of the most difficult parts was getting timely and reliable information about what was happening. What I most remember was watching the Nightly Business Report and the McNeil-Lehrer News Hour that evening and for the next several evenings afterward. Back then, it was about the only way to get financial information before the next morning’s Wall Street Journal. Read Entire Article Here
As fee-only financial advisors, the fall often means some hands on year-end tax planning for our clients. Couple that with recommendations of early filing in the wake of the Equifax data breach and news of a tax reform proposal, and it got us thinking about our tax system. What’s the history behind it and what might be in store moving forward? Read Entire Article Here
Every three months, at the end of the calendar quarter, we send an update to our clients. We discuss the economy, the financial markets, our portfolio management, and more. Here's a link to our 2017 Third Quarter Update. In this issue, we go into detail about the Fed and the unwinding of its quantitative easing program. As always, we welcome feedback by phone, email, or in person. Enjoy! Read Entire Article Here
- Top 5 Ways Tax Reform Will Impact You
- Finding the Best Way to Give
- Raising a Family of Philanthropists
- Inside the Federal Reserve Board
- Happy Trails, Ron and Kathy
- Bitcoins: Should You Use or Invest in Them?
- What Biases Affect Your Financial Decisions?
- Memories and Lessons from the October 1987 Stock Market Crash
- 1986 + 32 = Tax Reform in 2018?
- Here's Our Take on the Third Quarter of 2017