Market commentary is intended for convenience, educational, and informational purposes only and should not be construed as individualized advice or recommendations. The discussions contained on this page are not a substitute for investment advice from a professional adviser. Readers should not use this content as the sole basis for any investment, financial planning, tax, legal or other decisions. Rather, a professional adviser should be consulted, and independent due diligence should be conducted before implementing any of the options referenced. While information presented is believed to be factual and up to date, SBK Financial, Inc. (“SBK”) does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Due to various factors, including but not limited to changing market conditions, this market commentary may no longer be reflective of current opinions or recommendations. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. SBK is not a certified public accounting firm, however, certain clients can also engage SBK under a separate agreement for tax preparation and/or planning services through SBK representatives who are Certified Public Accountants.
Insights is a blog published by SBK Financial covering financial planning, investment management, tax strategies—and other information of interest to our clients and partners.
We were excited to welcome back Brad Long, the Partner and Chief Investment Officer from our investment research firm, Fiducient Advisors, to present a 2022 Market Recap and 2023 Outlook & Economic Themes to our clients. As usual Brad was able to bring us meaningful insights in a clear, concise, and timely format. If you are interested in viewing this recording, below is a link to the session.
There is nothing enjoyable about market corrections and/or recessions. They can create fear, anxiety, and uncertainty, potentially requiring a change in plans - like reduced spending in retirement or an unanticipated job search. Perspective can go a long way to successfully navigating these periods, uncomfortable and difficult as they may be. Outlined below is some enduring guidance we can share having invested through bear markets and as students of history.
On April 28, 2021, President Biden introduced the $1.8 trillion American Families Plan. Included within were several major proposed tax changes that Congress will deliberate between now and the end of the year.
Below are five key tax proposals that we are watching between now and year-end:
On Monday, the IRS issued guidance with details on its postponement of the April 15th tax deadline for individuals. Their initial notice of extension of the deadline to May 17th lacked clarity as to whether the extended due date also applied to certain other items traditionally tied to the April 15th deadline, such as 1st quarter estimated tax payments, IRA contributions and HSA contributions. While Monday’s clarification notice did not provide for a full extension of all items historically due on April 15th, it did provide some necessary guidance.
During his presidential campaign, Joe Biden outlined his tax policy proposals, which included rolling back some key provisions of the recent Tax Cuts and Jobs Act (TCJA). Even though tax reform may be on hold for 2020 or 2021, below we take a look at some of the key proposals of the "Biden Tax Plan" compared to current law.
In the midst of the developing coverage of the coronavirus, individuals should not lose sight of significant planning opportunities -- some of which are tied to recent market volatility. Included within are some strategies that we are evaluating with our clients.
In some welcome relief, the IRS recently announced that the tax filing and payment deadline would be extended to July 15th. But what about the deadline for your IRA contributions and upcoming estimated tax payments? Here's what we know so far:
SBK Planning Series: By Claire Craighill
The use of trusts to direct the disposition of assets has been around for centuries. The law of trusts first developed in the 12th century, at the time of the Crusades and under the jurisdiction of the King of England. The notion of articulating your wishes...