The Week Ahead: April 26, 2021: Is Bitcoin a boom or bust, TFG House View, Register for our upcoming Client Only webinar, Market Update, Social Security and Insurance month, COVID-19 update, all this and more in The Week Ahead!
Article By Carson
CAN YOU MAKE A BACKDOOR ROTH IRA CONTRIBUTION? (NEW)
Backdoor Roth IRA Contribution Announcement
Provided by Taylor Financial Group
With taxes likely going up, a Roth IRA could be the best retirement strategy available to you and your family as it potentially decreases taxes and allows you to pass on more wealth to your heirs…Read More
TFG’S MONTHLY UPDATE (NEW)
The House View: TFG’s Investment Update
Provided by Taylor Financial Group
These markets continue to shock and awe. Aside from the entertainment value, there is plenty to keep an eye on. With that in mind, see below three themes we are watching closely for the second quarter, as well as our current asset allocation tilts…Read More
GOLDMAN SACHS MARKET PULSE (NEW)
Perspectives from GSAM Strategic Advisory Solutions
Goldman Sachs Asset Management Resource Provided by Taylor Financial Group, LLC
With the $1.9T American Rescue Plan (ARP) passed, we have revised our growth expectations for the US up to 7.2% in 2021. The Biden administration has proposed several trillion in infrastructure, healthcare, and education investment. Unlike the ARP, this spending may be less front-loaded and growth impulses will likely be spread over the next decade…Read More
CURRENT STATE OF THE MARKET (NEW)
Weekly Market Commentary 04.26.2021
S&P Shows Strong Growth as Housing Prices Continue to Climb
Published by The Carson Group, LLC
S&P 500 earnings are exceeding elevated expectations. Before earnings season began, S&P 500 earnings were expected to grow 23.6% as businesses rallied from lower earnings during the COVID shutdowns from one year ago. Based on the first quarter of companies reporting, earnings are now expected to grow more than 33.8%, and revenue is now expected to rise 7.5%….Read More
JOIN US FOR AN EXCLUSIVE CLIENT ONLY WEBINAR! *CHANGE OF DATE* (NEW)
Master Your Retirement
Key Actions To Take To Secure The Retirement You Want
Wednesday, May 5th at 4:15 pm EST
(Note the new date)
Here’s what Debbie will address:
1. 6 things you can do to prepare for Retirement
2. The three core characteristics of an ideal Retirement Portfolio
3. How to help make sure your retirement accounts are on track
4. Are you paying too much in taxes? Is your retirement plan tax-efficient?
5. How to help protect your Retirement Nest Egg against longevity risk, inflation risk, and market risk
RESERVE YOUR DIGITAL FRONT ROW SEAT WITH HAMILTON STAR, LESLIE ODOM, JR.! (NEW)
In The Room with Hamilton Star, Leslie Odom, Jr.
Thursday, June 17th at 2:00 PM EST
Join us for an exclusive conversation and performance with Grammy and Tony Award-winning Hamilton star, Oscar-nominated actor, and author Leslie Odom, Jr.
On Thursday, June 17, you and your family are invited to join us for an invitation-only conversation and performance with a legend in the making: Leslie Odom, Jr.
Get your digital front-row seat as Leslie shares his journey to success in word and music. His journey was never inevitable, including many setbacks he writes about in his bestselling book Failing Up: How to Take Risks, Aim Higher, and Never Stop Learning.
If you saw Hamilton, the story of American Founding Father Alexander Hamilton, you know that this Grammy and Tony-winner, who played Aaron Burr, can shine on stage. Leslie is shining on the big screen now, with two Academy Award nominations for his role as the legendary Sam Cooke—one of the most influential soul artists of all time—in the movie, One Night in Miami.
Beyond his amazing talent, Leslie is a tremendous example of a person who has leaned on the advice and trust of others in order to break through and realize his potential. This event promises to be an unforgettable experience.
APRIL IS INSURANCE AND SOCIAL SECURITY MONTH! (NEW)
Life Expectancy and Social Security
Resource Provided by Taylor Financial Group
Life expectancy is a critical element in Social Security planning. Because benefits continue for life, the total amount you stand to receive over your lifetime hinges on how long you and your spouse live. In fact, we could add a new strategy for maximizing Social Security benefits—to live a really, really long time. Nothing maximizes total Social Security benefits more than extreme longevity….Read More
PRESIDENT BIDEN’S TAX PLANS (NEW)
Are you wondering how President Biden’s Tax Plan will affect you?
Flowcharts provided by Taylor Financial Group
President Biden’s administration has outlined a tax policy built upon the agenda introduced during his campaign. Biden’s tax plan focuses on raising taxes on corporations and affluent households while increasing credits for moderate- to lower-income households. With Democratic control of Congress, changes outlined in President Biden’s tax plan have an increased possibility of becoming a reality. At what time, in what form, and to what extent remains to be seen; however, another round of tax law changes is likely on the horizon.
The term “vaccine passport” generally refers to a smartphone app that can quickly confirm that someone has received a Covid-19 vaccine, so the phone’s owner can do things like enter a venue or board a plane. The debate over vaccine passports, however, often confuses these apps with the broader issue of how vaccination records are handled…Read More
3 Methods to Not Run Out of Money
What's the #1 fear in retirement? Running out of money. Get our step-by-step guide to help ensure your assets last a lifetime.
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, For investors, it may feel like déjà vu all over again as inﬂation and the Fed dominate market headlines on a day-to-day basis. After all, the numerous market swings last year were driven by ever-changing expectations around the Fed – …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, If history tells us anything about investing, it’s that markets never rise in a straight line. As much as all investors would prefer calm periods of steady returns, this simply isn’t how markets work. Instead, investors need to n …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, The first month of 2023 is now behind us and it felt very different than 2022. In 2022, the S&P 500 and the Bloomberg U.S. Aggregate Bond Index (“Agg”) both fell, and there was much talk of the demise of the “60/40” portfolio (a portfoli …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, We often discuss how women’s wealth is growing fast and that we are seeing more and more women in our practice with “a seat at the table.” But, the facts are coming in to support these anecdotal observations. Indeed, according to a r …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, Now that we are able to close the books on 2022, January is a great time to review major processes and to create a plan for the new year. No question that 2022 was a challenging one for all of us. So here are the “Five must …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, Whether you reached your personal goals last year or faced challenges, a New Year brings new opportunities and a fresh start. The Setting Every Community Up for Retirement Enhancement Act of 2019, popularly known as the SECURE Act, was sig …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, SECURE Act 2.0, passed at the end of December, has been described as legislation that is designed to help the hard-working people of America to get their retirement savings back on track. Although it is unclear whether SECURE Act 2.0 will me …
By Debra Taylor, CPA/PFS, JD, CDFA™ Let’s take a brief backward glance at the S&P 500. The S&P 500’s performance in 2022 was its seventh worst since inception and the third worst since 2000. Looking forward, episodic volatlity, muted earnings growth, and a high cost of capital …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, As bad as 2022 has been, there is a silver lining: back-to-back declines in the S&P 500 are rarer than you may think. If you go all the way back to 1950, the only times that stocks fell in back-to-back years were during the vicio …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, Although we would like to forget, the S&P 500 and Index posted a double-digit decline in 2022; and history shows that is an important fact when considering how the Index may do in 2023. First, the S&P Index has only been down …