Why Tax Refunds May Be Smaller in 2023
January 31, 2023 – Principal and Managing Director, Frank J. Corrado was featured in U.S. News & World Report to discuss ‘Why Tax Refunds May Be Smaller in 2023.’ Extra money might have an unwelcome side effect: “More Social Security income might now be taxed,” Corrado says. Read the full piece here: https://bit.ly/3Dw35S1
US Stocks Fall Ahead of Fed Meeting
January 30, 2023 – Chief Investment Officer, Stuart Katz was featured in The Wall Street Journal to discuss ‘U.S. Stocks Fall Ahead of Fed Meeting.’ “Markets believe that “the bleak period of 2022 could quickly be going into the rearview mirror,” said Katz. “Optimism is premature, citing the disconnect between investors and the Fed over […]
SECURE Act 2.0: 529 Rollovers
529 accounts are getting a lot more powerful with the recent SECURE Act 2.0 legislation that went into effect on January 1st. Here’s what you need to know: Typically, 529 money is dedicated to education expenses like college tuition. Taking money out for other “non-qualified” purposes generally triggers penalties and taxes. Meaning that if your […]
Tax Planning Amid a Divided Congress
With the start of tax season looming, here’s what taxpayers need to know about effective planning amid the uncertainty posed by the partisan split between the House of Representatives and Senate. By Mallon FitzPatrick and Alicia Denton January 25, 2023 – Earlier this month, Robertson Stephens Managing Director and Head of Wealth Planning Mallon FitzPatrick […]
Surging Interest Rates and High Inflation Result in the Worst Year for Stocks and Bonds in Decades
By John Lau Jan 4, 2023 – Easing inflation pressures and a resolution of the fiscal turmoil in the United Kingdom fueled a strong rally in stocks and bonds early in the fourth quarter, but hawkish Fed guidance, disappointing economic data, and rising global bond yields weighed on markets in December and the S&P 500 […]
2023 Outlook: Time To Be Extraordinarily Vigilant
As published in wealthmanagement.com By Stuart Katz, Chief Investment Officer Jan 1, 2023 – Central bank monetary policy, corporate profits and investor behavioral tendencies will largely impact the path of markets over the next year. As the Federal Reserve has lifted short rates, the entire yield curve has risen, and higher interest rates have been […]
Of Tortoises and Hares
As published in Wealthmanagement.com By Jeanette Garretty, Chief Economist Jan 1, 2023 – The last half-decade has seemed to have a certain “rush-to-get-there” quality, exemplified by high-tech unicorns, COVID frustrations, cryptocurrency dreams and Federal Reserve monetary policy. Towards the end of 2022, a change appeared to be in the offing, and 2023 is likely to […]
6 of the Worst Assets to Inherit
December 31, 2022 – Mallon FitzPatrick was featured in MoneyTalksNews to discuss “6 of the Worst Assets to Inherit.” “Inheriting a share of a regular small business may be less than ideal. It can cause multiple problems, ranging from strained relationships if there are disagreements among family members about the future of the business to […]
Five Things Investors Will Remember About 2022
By Avi Deutsch December 28, 2022 – All years are different, but some years are more different than others. For investors, 2022 falls squarely into the latter category, as many of the events that transpired represent a paradigm shift from the principles that dominated our financial markets since the global financial crisis of 2008. Whether […]
CORONAVIRUS: A Financial Survival Guide
Use In-Kind RMDs to Avoid Selling Your Retirement Account Assets
John Lau, CPA, CFP® December 19, 2022 – Are you 72 or older? If so, you must take a required minimum distribution (RMD) from your traditional IRA, SEP-IRA, or SIMPLE IRA by the end of the year. If you turn 72 this year, you can wait until April 1 of next year to take your […]
CPI Takeaway and What the Fed Decision Means
By John Lau, CPA, CFP®, M.S.(Tax) December 15, 2022 – CPI on Tuesday declined to 7.1% year-over-year – another sign of disinflation from the previous CPI reading at 7.7% (October) and 8.2% (September). While the CPI report makes the idea of disinflation more concrete, 7.1% is still much too high and Tuesday’s report really doesn’t […]