Private Wealth Perspectives Newsletter

If you read any of the “retirement” type publications (basically those aimed at seniors like me), you likely have seen the terms “living trust”, “revocable trust”, “grantor trust”, etc.

Pessimism turned to optimism in the U.S. financial markets as the calendar turned from 2022 to 2023. After enduring inflation levels at 40-year highs, seven rate hikes ...

As you may have heard 2022 was an unprecedented year for investors. The equity markets saw a significant decline that coincided with one of the worst bond markets in recorded history.

We keep hearing about Secure 2.0 (Setting Every Community Up for Retirement Enhancement Act 2019). It brings many changes as well as many questions. It is intended to improve retirement outcomes.

Are you or a family member a business owner? If so, think about the beginning. Perhaps these are recent memories? Or was your business started by a family member whose legacy you are carrying into the future?

Let’s start with the obvious: the Federal Reserve is pressing the brakes. Hard. Economic growth is now cooling as intended, and equity market valuations are adjusting lower in response to higher interest rates.

As a runner, and I use the term “runner” loosely when describing myself, I’m always measuring my progress. Whether it’s a training run or actual race, I’m monitoring my pace throughout.

To gain insight into the current policies and practices of the Federal Reserve (the Fed), we first need to look back into recent history and review the series of events that led us to where we are today. As a backdrop to the entire story, it is critical to understand that former Fed Chairman Ben Bernanke was a lifelong student of the Great Depression.

GOOD NEWS! Starting in 2022 IRA and retirement plans required minimum distributions (RMD) will be somewhat smaller. Why might you ask? Because the population’s life expectancy is getting longer, the IRS released new life expectancy tables that will be used starting with the 2022 RMDs.

This is the question you should be asking your financial advisor(s). If the answer you receive is singularly focused on investment returns, keep reading. Studies have shown comprehensive advice can add 2.00% to 7.00% in monetary value annually and some advice is essentially priceless!