Insight
Q4 2023 Wealth Strategy Insights
Secure Act 2.0 And Future Changes in 2024
You may have heard about the passage of the SECURE Act 2.0 in December 2022, which introduced several changes to tax laws. Some of these changes have already taken effect, while others are scheduled for implementation in 2024 and beyond. Here is a summary of key modifications:
Q3 2023 Outlook & Review
The Third Quarter: Impact of Higher Interest Rates on Stocks
The S&P 500 began the third quarter on a positive note, mirroring its second-quarter performance with gains(1). However, concerns arose in August and September due to rising bond yields and worries about a potential economic slowdown. As a result, the S&P 500 ended the quarter with a modest loss, while still maintaining substantial gains year-to-date.
Q3 2023 Wealth Strategy Insights
Employee Stock Purchase Plans (ESPP)
An Employee Stock Purchase Plan (ESPP) is classified as a type of option program under tax law. An ESPP grants employees the right to buy company stock at a computed price, at some future date. The market price (FMV) used to compute the discount is often determined on the offer date – the date the option was granted.
Q2 2023 Wealth Strategy Insights
Mid-Year Financial Planning Check-Up: Tips for a Stronger Future
As we reach the halfway point of the year, it's a perfect time to conduct a financial planning check-up. Here are some essential tips to consider: Revisit Your Spending Maintaining a budget and sticking to it can be challenging. However, reviewing your credit card and bank statements from the first half of the year can help you stay on track. Many credit card companies categorize your spending, making it easier to identify areas where adjustments can be made for the remainder of the year.
Q2 2023 Review & Outlook
Declining Inflation and Resilient Growth Push Stocks Higher in Q2
Stocks in the second quarter experienced solid gains as inflation declined and growth remained resilient. The S&P 5002 and other major indices performed well following the Federal Reserve's pause in rate hikes, better-than-expected corporate earnings, and the resolution...
Q1 2023 Wealth Strategy Insights
Chatting with AI: Can it review its own investment potential?
As each quarter-end approaches, we survey our colleagues for timely newsletter topics. I volunteered to write an article about the investment potential of artificial intelligence (AI). The topic from my peers was along the lines of, “Write an article from the perspective of a wealth manager about the investment potential of AI.”