This Month with Taylor Financial Group: October: Market Update, Beneficiary and Estate Planning Month, COVID-19 update, all this and more in the monthly newsletter!
Article By Carson
CURRENT STATE OF THE MARKET (NEW)
Weekly Market Commentary 10.11.2021
Unemployment Falls to 4.8%; U.S. Trade Deficit Hits Record
Published by The Carson Group, LLC
For the second consecutive month, the U.S. job market created far fewer jobs than expected. September’s report showed only 194,000 jobs were created, missing expectations by nearly 300,000. A deeper look at the data shows the report wasn’t as bad as indicated by the overall number…Read More
OCTOBER IS BENEFICIARY AND ESTATE PLANNING MONTH (NEW)
A Widow’s Worst Nightmare
Article Provided by Taylor Financial Group, LLC
When someone dies without a will, the law of the state they died in determines how assets will be dispersed. Distribution formulas vary according to state law, but they are usually some variation of the following…Read More
10 Basic Questions of Estate Planning
Article Provided by Taylor Financial Group, LLC
Estate planning is complex and because it involves facing your own mortality, it can be a difficult subject to address. While you most likely have a will, this simple document may not be sufficient to manage your estate and efficiently pass on assets to your heirs. Even if you have an estate plan that you’re confident in, it’s a good idea to review that plan in light of changes resulting from the Tax Cuts and Jobs Act of 2017….Read More
What Issues Should I Consider When Reviewing My Estate Planning Documents?
Checklist Provided by Taylor Financial Group, LLC
Estate planning is a critical aspect of the financial planning process. To help guide your document review, we have created this checklist. It covers key considerations regarding the most common estate planning documents, including, Wills, Living Trusts, Irrevocable Trusts, Powers of Attorney, and Living Wills…View Checklist
MEDICARE OPEN ENROLLMENT (NEW)
Medicare Open Enrollment – October 15th – December 7th
If you turned 65 in 2021, you are probably thinking about enrolling in Medicare (if you haven’t already). If you haven’t started Social Security yet, now’s the time to apply for Medicare. Medicare has an open enrollment period each year from October 15th to December 7th. Your coverage will begin on January 1 (as long as the plan gets your request by December 7th).
Determining when you must enroll in Medicare can be complicated. Depending on your situation, you may be automatically enrolled or you may have to proactively enroll. If you must follow the Initial Enrollment Period rules, there is the added complication of determining when coverage starts. We recommend using a consultant when enrolling in Medicare…Read More
UPCOMING WEBINAR (NEW)
Make the Right Medicare Plan Decision for 2022
Thursday, November 4th at 4:30 pm EST
Medicare Annual Enrollment Period (AEP) starts October 15th. It’s your only chance to change plans for 2022, so making the right decision is crucial.
Here is what Nancy Schwartz, Medicare Coach, will address:
THE PROPOSED BILL INCLUDES TAX INCREASE FOR HIGH EARNERS (ICYMI)
Proposed Bill Includes Tax Increases for High Earners, Retirement Account Changes
Taylor Financial Group, LLC Announcement
The Democrats on the House Ways and Means Committee released a draft of their proposed tax plan, which includes changes to corporate, personal and other taxes, as well as retirement plans – though Social Security would be untouched. The proposals are part of a $3.5 trillion domestic investment plan, with many of the tax and retirement account changes designed to help pay for that plan. And though the changes at this point are nothing more than proposals, it’s still worth breaking down what they would mean for Americans. The short version: Mostly good news for the ultra-high-net-worth, and some bad news for married couples…Read More
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, …