2020 Year-End Review and Outlook

David Martin

During the year 2020 we saw the global economy fall into its deepest recession in the postwar era due to COVID-19, with the S&P 500 falling by as much as 34% from its late February highs into late March. But as early as the second quarter (Q2), the economy began…

Categories: Industry Ideas, The Market

Your 2021 New Year’s (Financial) Resolutions

Thad Schlaud

Cleaning up personal finances remains one of the top resolutions every New Year. But we all know what happens to most such self-promises, so here’s a month-by-month to-do list to cultivate better financial health. January: Organize paperwork. This obvious starting point eludes many. Are your financial documents organized, in paper…

Categories: Education

The New IRS Tax Rates and Deductions for 2021

Thad Schlaud

The New IRS Tax Rates and Deductions for 2021 Although a year away, your 2021 tax planning should have already started. Amidst all the pandemic news and 2020 election drama, many might have missed that the IRS also quietly published new 2021 tax rates in late October. There are plenty…

Categories: Education, Industry Ideas

Eddie Van Halen, Cancer, and Money Discussions

Guys, this is a difficult post. It was hard to write, and it may be hard to read. Specifically, if you have recently lost a loved one to an illness, you may want to skip this post. That said, because these topics are taboo, we don’t talk about them enough.

Categories: News

3Q Review and Outlook

David Martin

After the strongest August in 34 years, momentum reversed in September. The S&P 500 Index finished the month down 3.9%, but still left the index up 5.5% on the year. The decline in September was led by the mega-cap growth stocks that had helped drive the market to new highs…

Categories: Industry Ideas, The Market

Making Sense of the Payroll Tax Executive Order

Thad Schlaud

After negotiations for another stimulus bill stalled for two weeks, President Trump issued an executive order suspending the collection of Social Security payroll taxes from September 1 through December 31, while hinting that it might go beyond that time frame, too. It would impact those making less than $4,000 for…

Categories: News

Putting the Worst GDP Drop Ever in Perspective

Thad Schlaud

Remember back in late May when the Commerce Department reported that our U.S. economy shrank at an even faster pace than previously estimated in the first quarter of 2020 and consensus expectations suggested that the second quarter of 2020 would be far worse? Well, it happened. On Thursday, July 30,…

Categories: News

Did COVID-19 Force You to Wrongly Rebalance?

Thad Schlaud

Did you sell and buy because of market uncertainty? Read on for strategies and insights into rebalancing your investments. There is no question that this pandemic affected markets in 2020. With most indexes reclaiming some of the lost ground, many are worried about what the future holds for their portfolio.

Categories: Industry Ideas, The Market