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2023 Third Quarter Update

Two of the most dangerous parts of flight are the takeoff and initial climb period as well as the approach and landing portion. In these periods of flight there are a variety of risks such as engine failures, bird strikes, weather related issues, and much more. Similarly, the economy is often most vulnerable to issues coming out of a recession and when it’s trying to avoid it. 

Fitch Downgrades US Debt

If you were watching the news on August 1st, you could not have missed what looks like former President Trump’s third indictment, but you may have missed another notable headline.

Social Security Spousal Benefit

Social Security is one of the most significant safety nets in American society. The program was enacted more than 85 years ago, and it still remains a crucial source of income for many Americans during their retirement years. Social Security provides benefits to individuals who have paid into the program through payroll taxes, allowing retirees to maintain a certain standard of living in their golden years.

One important aspect of Social Security is the spousal benefit…

The Yuan Threatening the USD as the Top Reserve Currency?

The headlines have been buzzing in recent weeks with news of the Chinese currency, the Yuan or RMB, potentially threatening the US dollar’s status as the top reserve currency. Moreover, the concerns over the US defaulting on its debt is adding fuel to the fire, causing anxiety in the markets. But before you start to panic, let’s get the facts straight.

Diversification still matters!

Over the coming weeks there will continue to be a stream of information coming out regarding the collapse of several banks in the US and in Europe. We will undoubtedly learn more about the failures that led to the banks collapsing, the cost of the collapse, and what changes need to be implemented to attempt to stop these sorts of things from occurring in the future. One thing we already know that this situation reminded us of is that diversification still matters in your financial life.

Banking Crisis Averted

In light of recent news events, we wanted to spend some time sharing information and perspective around the current banking situation. However, before we can begin to understand the current headlines, let’s first understand what a bank actually is…

SECURE 2.0 Act

When Congress approved the $1.7trillion omnibus spending bill in December of 2022, much of the focus was on the size of the spending that would occur funding the government through September 30, 2023. While that is surely important, buried inside the bill was also legislation that would affect Americans everywhere. The SECURE 2.0 Act is now law and touches Americans at all stages of life.

Year End Review & 2023 Outlook

In the beginning of December, I was able to visit Universal Studios and Islands of Adventure in Orlando, FL with a few friends for a VIP Experience tour. The tour includes breakfast, lunch, and a guided walk throughout the parks guaranteeing you to ride at least ten rides, skipping the lines and going straight to the front. As an annual passholder, it was not my first time at these parks and I eagerly put together a list of rides that were essential for us to ride. The list included multiple rollercoasters, several simulators that were in 3D, and other rides that spin you and move you around in a quick fashion. As the day ended, I realized what started with excitement ended with a sore neck, nausea, and a group discussion on if thirteen rides were really a good idea after all.  While that day is one of my favorite memories of 2022, the feeling getting off the last rollercoaster resonated with me as to what many investors probably felt in 2022: a period of excitement to begin the year, followed by the discomfort of what turned out to be a year full of ups and downs and unexpected nausea and fatigue…

Child Tax Credit Changes for 2022

I’ve learned many things as an Enrolled Agent with the IRS, but the one universal truth I know is that the only constant with our tax system is that things always change! So let’s address those changes for the Child Tax Credit…

What is Tax-Loss Harvesting?

It certainly never feels good to lose value in your investments, and we understand that no one begins investing with the intention of losing money! However, the inevitable ups and downs of the stock market will occur. The premise of TLH is to sell some of your investments at a loss to offset gains you may have realized from selling other investments that increased in value…