Updates

Fundamental Support From Earnings

Although the S&P 500 finished 2.13% higher for the week, the correction’s presence continued to be felt with a decline of more than 1% in the final two days of the week. Fundamentals continue to be positive and the outlook for 2019 remains upbeat. Factset Research Systems Inc provides the following points from this season’s […]

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Like-kind Exchanges Changed

Internal Revenue Code Section 1031 provides that an exchange of things that are alike will not be taxable except to the extent that cash changes hands.  The most important application of this provision has been in the area of exchanges of real estate, but it also has been applied in other contexts as well, such […]

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October Surprises

An October Surprise is typically a phrase used in politics to describe an orchestrated event timed to be sprung in the weeks immediately preceding a November election. It is difficult to imagine a surprise this October which could have stood out among this year’s already overabundant supply of orchestrated political events. Instead, we will use […]

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Retirement Plan Limits Bumped Up for 2019

To make it possible for voluntary retirement savings to keep up with inflation, the various numerical limits embedded within qualified retirement plans are indexed for inflation.   The big news today is that the IRA contribution limit goes from $5,500 to $6,000, if the individual is younger than age 50 in 2019, and $7,000 if he […]

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Indian Summer Correction

The S&P 500 finished the week down 3.94%, settling at 2,658.69. The index is 9.28% below the September 20th all-time high. The correction may well continue with the next test, an additional 3% lower to 2,581.00, its low close on February 8th at the bottom of this year’s earlier correction. Interest rates have done little […]

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Ask a Trust Officer: Marital trusts

DEAR TRUST OFFICER: Now that the federal estate tax exemption is over $10 million, do I still need a marital deduction trust in my will for my wife? — CONCERNED HUSBAND DEAR CONCERNED HUSBAND: Most likely, yes. If your current will includes a trust for a surviving spouse, you probably will want to keep it. […]

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Play Your Game

This weekly update has often explained that a successful financial plan is about focusing on personal goals and the variables in our lives which we can control. Short-term market action is obviously not one of those variables. Weekly market moves will only distract investors. This is not an original thought. Legendary investor, economist and university […]

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Avoid Retirement Surprises

The latest news on retirement preparedness is not encouraging. An estimated 40% of households headed by people aged 55 through 70 are unlikely to have sufficient resources to maintain their standard of living, according to a Wall Street Journal analysis. The median 401(k) account balance for this group is just $135,000, which might be enough […]

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What Changed? What Do We Do Now?

The S&P 500 lost 5.58% from last month’s record high but is still up 3.50% year to date. Was this the correction that didn’t come during the summer? Was this the beginning of another 10% correction similar to the 10.16% decline we experienced between January 26th and February 8th? Could this be the start of […]

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A New Kind of Long-Term Care Insurance

More than 400,000 long-term-care insurance policies were sold in 1992, according to figures published by The Wall Street Journal. These are the policies that help seniors cover the costs of nursing home stays at the end of life. At least 400,000 additional policies were purchased each year in the subsequent ten years, peaking at about […]

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