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Reminders on How to Help Protect Your Information This Tax Season

Wednesday, February 13, 2019

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• Do not respond to emails or phone calls from individuals or companies pretending to be the IRS especially if they exhibit threatening tones. The IRS does not call or email. They send letters that can be verified. • Never open a link or any attachment from a suspicious or even unfamiliar email. • Continue to review your credit reports to detect any suspicious activity as early as possible. • If possible, file early. The later you file, the greater window of time scammers have. • File taxes electronically with direct deposit. • Keep tax paperwork in a safe, locked…

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Monthly Market Update for January 2019

Wednesday, February 13, 2019

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy and the global financial markets. Global Economy: The New Year brought a new attitude toward risk assets, propelling the S&P 500 to its best January since 1987 and its strongest monthly outcome in over three years. Though there is still significant concern over global growth, Brexit, China and the US government shutdown, there was enough positive sentiment to reinvigorate investors. With the March 29th deadline approaching, there continues to be no clear predictable outcome for Brexit….

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Long-term Investing – It’s Not Always Easy

Friday, January 11, 2019

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Background Formally defined by Merriam-Webster, an investment is “the outlay of money usually for income or profit.” Generally intended to meet financial objectives years into the future, the act of investing is consequently a long-term endeavor. Despite this fundamental understanding, investors of all levels of sophistication spend a great deal of time and energy focused on short-term events and outcomes. A recent blog post by Behavioural Investment provides a fairly exhaustive list of reasons explaining why this phenomenon persists and argues how it often leads to emotional decisions that can make investors worse off.  Average Returns Typically Elusive Investors today…

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Monthly Market Update for December 2018

Friday, January 11, 2019

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Please find the next blog in our monthly series that provides a review of the prior month’s market data, the state of the economy and the global financial markets. Global Economy: Perhaps “Down-cember” would be a better name for the final month of 2018, as equity markets declined significantly, despite the largest one-day point gain in the history of the Dow Jones Industrial Index (+1,086 on December 26th). Uncertainty continues to be the market’s nemesis with the US Government “shutting down” in late December and with no tangible outcome in the US-China trade discussions. The Trump White House continues to…

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Employer Benefit Program Checklist

Friday, January 11, 2019

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When your child or grandchild gets their first “real” job and begins to start their career, it’s an exciting time. For them, the world is at their fingertips and they are thrilled to launch into adulthood. As a parent, your instinct is to protect them. You want them well-prepared to make good decisions for themselves. It is important to make the most of this exciting time. Have discussions with them about what their long-term career objectives are, and use those as a framework in all career decisions. For example, when evaluating job offers from potential employers, it is important to…

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Fed Hikes Rate, Lowers 2019 Projection to Two Increases

Thursday, December 20, 2018

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Policy Normalization on Target:  In a unanimous vote, the FOMC voted to raise the target range for the Fed Funds rate to 2.25% to 2.50%.  As has been the case for recent changes, this 0.25% hike was well-telegraphed and generally expected by the market, though recent market turmoil had reduced the implied probability of action to roughly 65%.  The quantitative tightening policy that’s allowing the Fed’s balance sheet to contract by up to $50 billion/month remains unchanged.  Growth:  The official statement once again indicated that “economic activity has been rising at a strong rate,” driven primarily by robust household spending. …

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Monthly Market Update for November

Friday, December 14, 2018

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Please find the next blog in our monthly series that provides timely market data as well as perspectives on the current state of the economy and the global financial markets. Global Economy: November was a back-and-forth month for global financial assets. While sentiment began the month relatively strong, on the heels of supportive domestic economic data and a US mid-term election that met expectations, concerns about future profit growth were building. Trade tensions between the US and China persisted, Brexit negotiations generated further animosity, and Italy continued its budget challenges with the EU. The Federal Open Market Committee (FOMC) met…

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Creating a Family Plan for Giving

Friday, December 14, 2018

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The Importance of Giving Charitable organizations are how so many of us can come together to affect change. When we do, it tends to make the world feel a bit smaller and tightens the bonds among us. Similarly, when families engage in giving together, it can have a lasting impact and build a stronger sense of belonging. Creating a Family Plan for Giving Many families find giving is a way of uniting members across generations. They’ve found that sharing decisions about how much to donate and to whom fosters better relationships and communication among family members. It can also help…

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Giving Beyond #GivingTuesday

Thursday, November 29, 2018

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Established in 2012, #GivingTuesday refers to the Tuesday after Thanksgiving. It is a movement to help create charitable giving at the beginning of the holiday season. Charitable organizations of all sizes are contacting potential donors by phone, email and mail at an even higher level. By doing a little research, we can avoid potential scams as well as ensure our money is given to charities we trust throughout the holiday season. Suggestions: The safest and most efficient way to donate is to avoid incoming solicitations and donate directly to the charity you choose. Websites to research and investigate charities are:…

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A Starting Point for Planning Your Legacy

Wednesday, November 14, 2018

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A Starting Point for Planning Your Legacy Accumulating wealth is a well-deserved reward for many years of hard work. Being able to share it in a way that builds new wealth and also leads to a sense of meaning and purpose for the generations that follow, however, is a real legacy. Before you can create a plan for your legacy, it helps to know exactly what your intentions are. Here are some starting questions to consider as you look at what you would like your wealth to accomplish. What do you want your wealth to achieve for your future generations?…

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