Capital Markets Outlook 2024 financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Feb 26, 2024

Investor fear was sky high a year ago. Then the market soared. What happened?

Early in 2023 we were beginning our recovery from a precipitous market decline, talk of runaway inflation and recession was a consistent theme, and a few mid-sized banks failed (though depositors were made whole, either...

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Wall Street's Hottest Investment Today. Is It Right For You? financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Nov 06, 2023

The Fed is currently holding interest rates steady, with the Fed Funds rate range between 5.25%-5.5%.

Because of high interest rates, cash is hot. We haven’t seen interest rates on cash/cash equivalents this high since before the Great Financial Crisis. The Fed has also indicated that...

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I Don't Need Grammarly! financial planning for retirement Oct 20, 2023

I’ve mentioned earlier that I had an excellent public education.  My high school was one of the finest in New England, and I had the best teachers of my academic career there.  My high school was in Guilford, CT – founded 1639.  Think about it – at the time of the...

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Vocal Fry with Uptalk financial planning for retirement Oct 20, 2023

Kissinger and Kardashian

Anyone of my age remembers Henry Kissinger.  He was known for his shuttle diplomacy, and was always all over the news.  And he had the most annoying speaking voice ever – gravelly!  It almost hurt to listen for more than a few minutes. 

Years go...

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Big DROP changes financial planning for retirement Jun 12, 2023
 by Glenn J. Downing, MBA, CFP®         

On June 5th of this year Gov. DeSantis signed into law some major changes – upgrades - to the Deferred Retirement Option Program.  The main points are these: 

DROP extended to 8 years

Beginning July 1st the...

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A Fed Pause In A Tight Labor Market financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals May 31, 2023

The Federal Reserve meets again on June 13th-14th  for its periodic Federal Open Market Committee (FOMC) meeting. This meeting is a critical one. There is a general expectation that the Fed will finally pause historic rate increases at this meeting. To illustrate the point, a May 23rd Forbes...

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Cash is Still King! financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals May 24, 2023

by Glenn J. Downing, MBA, CFP®

There's a lot of financial stress out there - we hear it from our clients.  People who don't have a financial worry in the world are afraid.  And, given two high profile bank failures recently and the release of the Durham report last week, I suspect...

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Is an IRA Rollover Right for You? financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals May 09, 2023

How to get a big pay hike

If you want a big pay hike, sometimes the only way you're going to get it is by jumping ship to a new employer who values your skill set and experience and is willing to pay for it.  Otherwise you may have to settle for an annual cost of living increase. People...

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The Silver Lining of Bank Troubles financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Mar 29, 2023

No More Revenge Spending

There’s a new term out there – revenge spending.  When people were hunkered down during COVID, they couldn’t go out to spend.  When things opened up, people took their revenge on the lockdowns and spent like never before.  And the...

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On Getting Older: Can I Live Without Credit? financial planning for retirement Mar 28, 2023

As I’ve noted elsewhere, it used to be that if a man wanted to impress a woman, he’d flash a bankroll.  Now she’d likely flee in horror at such Neanderthal-like behavior.  It is the platinum card she wants to see.  On second thought, actually using a credit card...

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Warning to S Corporation Owners! financial planning for entrepreneurs financial planning for retirement Mar 20, 2023

Tax Reasons for the Subchapter S Election

There are lots of great reasons to organize your business as a corporate entity with a Subchapter S election.  You have limited personal liability, flow-through of net income, ability to take a Section 199A deduction, and ability to, as the owner,...

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So Goes January, So Goes The Year financial planning for attorneys financial planning for entrepreneurs financial planning for retirement financial planning for young professionals Feb 16, 2023

 

January of 2023 kicked off with a bang. We’re in the midst of a stock market rally that we haven’t seen in over a year.  The market rose, and rose, and kept rising – all in the last 8 weeks.  We’re far from all-time highs, and expect that to be the case...

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