Charitable giving: use financial planning to max your impact

Charitable giving: use financial planning to max your impact

2 months ago 78

Helping Ukraine is the primary focus of many right now, and you may be rushing to direct your charitable giving to the country and its people. You may also want to aid businesses, schools, and organizations trying to recover from COVID-19.  Maybe supporting weather-devastated areas razed from fires, earthquakes, and hurricanes is a top priority for you. Add in cause-driven and political contributions along with tithing to religious institutions, and…

Inflation, investing and innovation – how to stay calm amid uncertainty

4 months ago 62

Is inflation on your mind?  It would be surprising if it weren’t.  While we all have to weather inflation’s short-term effects, we have reason for optimism over the long term.  Here’s a look at where we are right now. Inflation, labor shortages, and supply chains The effects of nearly two years of the pandemic compounded by the Omicron variant’s impact hamper economic recovery as we face labor shortages, supply chain…

2022 retirement contribution limits increase for Gen X business owners

5 months ago 215

Retirement contribution limits increase for 2022  Employees will be able to save more in 2022 with the IRS increases to retirement plan contribution limits. You can defer an additional $1,000 through payroll deduction in 2022.  This means you can contribute up to $20,500.  One way to accelerate your path to financial independence is to make sure you are taking advantage of the tax-deferred contributions and compounding growth available through your retirement plan(s).   Which of these…

11 financial planning and tax-saving moves to make before year end

5 months ago 219

As we rapidly head into the last few weeks of 2021, now is the time to take care of any time-sensitive financial planning moves and get prepared for 2022.  You may be able to reduce your tax bill, too, with some of these action steps. 1. Maximize your retirement savings You have until December 31 to make any last-minute contributions up to your limit up to $19,500. If you are…

Staying ahead of the game: how to keep the strong stock market from jeopardizing your life goals

6 months ago 249

Are you ahead of the game when it comes to achieving your financial independence? Has the unusually strong stock market boosted your wealth to the point where you think you could work less or stop working sooner than expected? Are you at a point where you are increasing your current or future lifestyle expectations? Maybe your experience is all of the above. If so, that’s an exciting feeling. The possibility…

Why a market correction shouldn’t make you worry

7 months ago 181

When stock market performance outpaces expectations for an extended period, as it has recently, the anticipation of a market correction (a drop of 10% of more) can worry investors.  But, should you be concerned?  After all, significant drops in the stock markets are fairly common, as are rebounds and new highs.  While market fundamentals play a large role in these fluctuations, so does investor sentiment. This makes it impossible to…

Q2 2021 Quarterly Context Video

8 months ago 30

What are investor expectations about market returns are moving forward, and why they are unreasonably high relative to the expectations of financial professionals. What a recent study shows about financial lessons learned from the pandemic. How is the fed changing its stimulation plans. Inflation jumped, and is causing debate. Three times the level of volatility risk is projected to be required for the same level of return vs. 20 years…

How to think about inflation and investments

11 months ago 0 317

There has been a lot of talk lately about inflation, in great part because inflation has been so low for so long, but recently had a small spike.  Unfortunately, when inflation is low, investors tend to forget it is a “sleeper risk,” gradually eroding their purchasing power and lowering after-inflation returns. Below are thoughts to consider. Why does monetary policy matter when it comes to inflation? Historically, periods of major…