life insurance, irrevocable trusts, financial planning

The Week Ahead: June 7 , 2021: Market Update, In The News, COVID-19 update, all this and more in The Week Ahead!

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THE BIDEN BUDGET

The Most Important Number in the Biden Budget
Goldman Sachs Resource Provided by Taylor Financial Group
President Biden released his budget proposal to Congress, which calls for an increase in the deficit of $800 Billion over 10 years (0.3% of GDP over that period) to accommodate his “American Jobs Plan” (AJP) and “American Families Plan” (AFP). While the amount is not surprising, this is the first time the White House has formally shown the net effect of their proposals over the ten-year period Congress will use when it considers them….Read More

CURRENT STATE OF THE MARKET

Weekly Market Commentary 06.07.2021
Amid Hiring Challenges, Hourly Earnings Rise, Some Unemployment Benefits Cut
Published by The Carson Group, LLC
U.S. nonfarm payrolls rose 559,000 last month (Figure 1). This is much better than last month’s 278,000, but much lower than March’s 785,000 gain. Workers are returning to the labor force more slowly than expected. Businesses are reporting challenges in finding workers. Leisure and hospitality employment accounted for more than 50% of the job gains. Auto industry employment dropped 27,000 last month as semiconductor shortages forced plant shutdowns….Read More

HOW SHOULD THE RICH BE TAXED MOST EFFECTIVELY

How should the rich be taxed most effectively?
The Economist Podcast Provided by Taylor Financial Group, LLC
THE BILLIONAIRE founder of Bridgewater Associates, the world’s largest hedge-fund manager, assesses President Biden’s plans to tax the rich. Anne McElvoy asks him whether his firm’s distinctive culture is cultish and whether the Redditers were right in their criticism of hedge funds….Listen Here

JUNE IS FAMILY & SUMMER SAVINGS & YOUNG INVESTORS MONTH

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American Families Plan Would Provide Benefits for some, more taxes for others
Resource Provided by Taylor Financial Group, LLC
On April 28, 2021, the White House released a fact sheet for President Biden’s American Families Plan (AFP), which proposes about $1 trillion in investments and $800 billion in tax cuts. There would also be tax increases for those making more than $400,000 per year. Major provisions proposed in the plan are summarized here, including some tax provisions…Read More
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What Issues Should I consider When Having (Or Adopting) A Child?
Checklist Provided by Taylor Financial Group, LLC
Beyond the joy brought to parents from having or adopting a child, this is a huge financial transition in their lives. There are a number of issues to consider including how the costs of caring for a child will impact both their short-term cash flow and their long-term saving and wealth-building objectives….View Checklist

DIAL IN TO OUR VIRTUAL OFFICE HOURS

FOR CLIENTS, PROSPECTS, FRIENDS & FAMILY

Every Monday from 4:15pm – 5:00pm EST
Our “Office Hours” are exclusive to clients, prospects, friends, and family who would like 1-on-1 access to Debra Taylor and her opinions on the current state of the markets and how that might impact you and your family!
Debra will begin each session by discussing the markets briefly and then open up the floor to questions from the audience. We hope for this to become a place for people to connect each week and discuss important financial topics on their minds!
Questions can be asked LIVE during office hours or sent to AnnMarie in advance!
You can join Office Hours on your computer, tablet, or smartphone.
You can also dial in using your phone.
United States: +1 (646) 749-3122
Access Code: 283-759-381

JOIN CARSON AS A GUEST FOR THIS WEBINAR TO LEARN WHY YOU MAY NEED TO UPDATE YOUR ESTATE PLAN

Carson Client Webinar
Why You Might Need to Update Your Estate Plan
Thursday, June 10th at 4:00 PM EST
There’s no shortage of headlines coming out of Washington right now that could affect estate planning. Capital gains tax, lifetime gift tax exemption, loss of step-up in basis, and several other terms seem to be in daily discussions on Capitol Hill.
Savvy investors need to plan ahead for their legacy as the landscape changes.
Carson’s webinar “Why You Might Need to Update Your Estate Plan” looks into the basics of estate planning and how changes in legislation could impact your plan.
Join Carson’s Director of Retirement Research Jamie Hopkins and Sarah Duey, Vice President of Trust Services on Thursday, June 10, at 3 p.m. CT to discuss:
  • Leaving a legacy in the most tax-efficient way for you and your loved ones
  • Wills, trusts, and beneficiaries – what’s right for you?
  • How new legislation affects estate planning
  • Important tax considerations in your estate plan
  • And more!

TEE OFF WITH TAYLOR FINANCIAL GROUP

You are invited to “Tee Off” with Rob Taylor, Senior Wealth Advisor of TFG, at the Ramsey Golf & Country Club!
Each tee time is limited to 3 spots, so please let us know your availability soon so we can secure your spot!
Wednesday, June 30th
12 pm-5 pm (estimated times and depending on the “19th hole”)
Each Golf Outing offered is assigned on a first-come-first-serve basis so RSVP ASAP!
E-mail AnnMarie at aboccia@taylorfinancialgroup.com to reserve your Wednesday Tee Time with Rob Taylor!
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life insurance, irrevocable trusts, financial planning

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