Tips to navigating stock market peaks from the wise words of Warren Buffett As the saying goes, "what goes up must come down." In the world of investing, this adage holds true, especially during times when stock markets are reaching new peaks. While it's tempting to ride the wave of euphoria and make impulsive decisions, seasoned investors like Warren Buffett advise caution. Here are five things to avoid when stock markets are peaking, along with wisdom from the Oracle of Omaha himself. 1. … [Read more...]
It’s Time to Spring-Clean Your Financial Plan
Tips to set yourself up for a brighter future and enjoy the fruits of your labor Spring is a time of renewal and rejuvenation, as the world awakens from its winter slumber and new life begins to bloom. As the saying goes, "April showers bring May flowers", and this sentiment can also apply to your financial life. Just as the rain nourishes the soil and helps plants grow, taking the time to "spring-clean" your financial plan can help you grow and thrive in the months and years … [Read more...]
February 2024 Recap
Monthly Market Commentary: February 2024 Recap … [Read more...]
Financial Planning Items to Confirm on Leap Year
Helping navigate record-high stock markets to achieve long-term objectives Every four years, we encounter an extra day appended to our calendar, known as February 29th. This phenomenon, termed a Leap Year, has been a part of human timekeeping traditions for centuries. The concept of a Leap Year originated from the need to synchronize the human-made Gregorian calendar with the astronomical year, which is determined by the Earth's revolutions around the sun. Historical Origins The idea of … [Read more...]
Taxation of Investments
It's nice to own stocks, bonds, and other investments. Nice, that is, until it's time to fill out your federal income tax return. At that point, you may be left scratching your head. Just how do you report your investments and how are they taxed? Is it ordinary income or a capital gain? To determine how an investment vehicle is taxed in a given year, first ask yourself what went on with the investment that year. Did it generate interest income? If so, the income is probably considered … [Read more...]
5 Retirement Concerns Too Often Overlooked
Baby boomers entering their “second acts” should think about these matters. Retirement is undeniably a major life and financial transition. Even so, baby boomers can run the risk of growing nonchalant about some of the financial challenges that retirement poses, for not all are immediately obvious. In looking forward to their “second acts,” boomers may overlook a few matters that a thorough retirement strategy needs to address. RMDs. The Internal Revenue Service directs seniors to withdraw … [Read more...]