The Week Ahead: June 7 , 2021: Market Update, In The News, COVID-19 update, all this and more in The Week Ahead!
Article By Carson
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
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
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.
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
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 [email protected] to reserve your Wednesday Tee Time with Rob Taylor!
Determine how your retirement account compares to what you may need in retirement.
By Debra Taylor, CPA/PFS, JD, CDFA™ Investors cheered as the The S&P 500 was up >12.5% the past month. Previous big months have usually lead to better than average returns. Yes, during the tech bubble burst this didn’t work, but most other times the past 60 years have been rat …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, A historically weak quarter, six months, and year for both stocks & bonds, is now behind us. With stocks and bonds both showing weakness, even a well balanced portfolio didn’t stand a chance for positive returns. As most of …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, There is a lot of pessimism in the markets right now. We know the list of concerns is long and includes an aggressive Federal Reserve agenda with a not-so-soft approach to a soft landing. Stagflation, ongoing China lockdowns, disrupted suppl …
By Debra Taylor, CPA/PFS, JD, CDFA™ ear Friends, Summer is finally here, but 2022 is still shaping up to be one of the worst years for investors ever. That’s the bad news. The good news is, the year isn’t over and we have several reasons why we believe the bulls shouldn’t throw in th …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, The S&P 500 is in a bear market, after closing on Monday, June 13th, with a greater than 20% decline from its recent peak. A look back at past bear markets shows that there is good news and bad news once the large-cap index has cr …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, Stocks rallied hard the week of May 31st, as the S&P 500 Index broke a seven-week losing streak in resounding fashion. That strong week was followed by last week’s losses, creating a see-saw effect that has everyone wonderin …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, After a late-month rally, we can say goodbye to the month of May, which now opens the door to June. Here’s the bad news, June is historically a weak month and it is actually the worst month of the year during a midterm year, down 1.8% …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, It has been a historically bad year so far for stocks. However, the S&P 500 Index rose 6% last week, a welcome relief to all. With lots of “market chatter,” we wanted to discuss Six Things to know regarding bear market …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, When the markets correct, it can be confusing and even frustrating. There are, however, opportunities in every market, if you move boldly and with thought. With that being said, below we review the Nine Key Opportunities that could be …
By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, With the S&P 500 Index in correction territory (down more than 10% from the previous peak) investor anxiety levels are understandably elevated. The market faces a number of threats, including inflation, a hawkish Federal Reserve, …