Category Archives: taxes

2017 In Review

(Since it’s the most pressing and biggest topic right now, I’m going to flip the script and start with updates on taxes and legislation out of DC). Tax & Legislative Updates On Friday December 22 President Trump signed the new Republican tax bill, making significant changes to both personal and corporate income taxes for 2018 […]

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Lower future returns: What’s an investor to do?

Corey Hoffstein over at Newfound Research put up a great presentation on how investors should respond to lower expected returns in the future. First I’ll make the standard disclaimer that my industry has been calling for lower future returns for the better part of a decade now without much accuracy. But let’s take it a […]

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Tax Loss Harvesting: Enough is Enough

I recently had a conversation about the benefits of tax-loss harvesting, specifically about the benefits offered by several leading robo-advisors who perform “daily” tax loss harvesting, and if “traditional” human financial advisors are losing their edge in this space. Tax loss harvesting (TLH) and specifically aggressive TLH, is one of the primary selling points of […]

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3Q 2016 Markets In Review

Market Overview It’s almost hard to remember that a little more than 3 months ago we were all on the edge of our seats with much hand-wringing over the potential fallout of Great Britain voting to leave the EU. But, as these things tend to do, the apparent crisis faded away as the initial over-reaction […]

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3Q 2015 In Review

Market Overview Markets across the board were ugly in the third quarter, particularly in September. Diversified investors likely feel there is nowhere to hide, as practically all major asset classes had significant losses for the quarter. Large cap US stocks were down, small cap stocks were down double-digits, emerging markets were crushed, down nearly 20% […]

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I love my Individual 401(k)

Being self-employed comes with a lot of perks.  Like the fact that I put the little one down for nap today to help out my wife and that I’m going to sneak out for a ride here this afternoon.  And that I only answer to my clients (and the regulators, I suppose). No staff meetings, […]

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The fault in their stars

It pains me to type this, but it is nearly election season again.  Early contenders for the 2016 presidential election are lining up, making formal and less-than-formal announcements and warming up their campaign machines. The Republican field is littered with what seems to be a dozen candidates and the Democrats seem satisfied admitting that they’re bringing Hillary […]

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2014 In Review

Market Overview 2014 proved to be a diverse year for market returns.  Once again US stocks outpaced their global counterparts by a very healthy margin as the S&P 500 gained 13.69% and the MSCI EAFE lost -4.90%.  Small cap US stocks, after lagging most of the year, had a strong fourth quarter with gains of 9.73% to […]

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Yes, I actually read (most of) Tony Robbins’ new book

In case you aren’t obsessively plugged in to the financial web/Twitter/blogosphere, mega self-help guru Tony Robbins has a new book out on finance and investing, “MONEY Master The Game.” (I’m not going to link to Amazon because I don’t want you to buy it.  But we’ll get to that.)  Everyone has been abuzz this week […]

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2015 Adjustments for Retirement Plans & Social Security

Announcements are rolling out for cost-of-living adjustments to retirement plan limits, Social Security benefits and other tax calculations, as below. The official adjustment for Social Security benefits is 1.7%, up slightly from 1.5% in 2014.  Inflation remains subdued and some categories saw little or no changes. The biggest news is the increase in 401(k) deferrals, […]

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3Q 2014 In Review

In The Markets After months and months of market gains, risk is suddenly back on everyone’s mind.  During the third quarter, large cap US stocks managed to squeak by with a small gain, but many other asset classes saw losses.   US Small cap stocks (-7.36%) and developed (-5.88%) and emerging foreign markets (-4.33%) were […]

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The Active Decisions of a “Passive” Investor

Recently my friend Cullen wrote a piece titled “Putting the “Underperformance” of Active Managers in Perspective” that spurred a bit of discussion between the two of us.  While Cullen and I may disagree to some degree about the benefit of a more “active” investment strategy (including how tactical one might be with a portfolio), one […]

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