Headlines Wednesday, January 20th - today is inauguration day. There are enormous challenges facing the new administration. Managing the pandemic, reviving the economy for those who have suffered, racial justice, climate change and healing the divisions in our country. The goals are set high for the administration’s first 100 days. The initial impact of the inauguration should lower the general anxiety felt by many. We will no longer pay attention to governing by tweet. The...
I apologize for the unavoidable dark tone this week. We thought about revising last week’s newsletter in lieu of Wednesday’s violence at the Capitol building in Washington DC, but we figured the impact of this attempt to overthrow a free and fair election would continue in our discussions this week. And we were right. Analysts say this is the beginning of 2 weeks that we all anticipate to be intense with the FBI’s memo warning...
A new year like no other in my lifetime. A long weekend like all the other weekends since the new year, let alone since the middle of March. Light at the end of the dark tunnel should arrive in 2021 assuming the newly installed administration can deliver the vaccine efficiently and to all Americans. Time will tell! News Shocked but not surprised. This is the reaction often used by commentators in regard to soon to...
As we begin this week's newsletter there are 23 days left until the Biden inauguration. Rest assured, the political drama will continue. The fiscal relief act has been signed by President Trump after a bit of drama and some demands he made to increase the subsidy check sent to qualifying Americans and rid some of the typical “pork” in the bill. Also today his veto of the “Defense Appropriations” bill was overridden by the House...
Hanukkah has passed and Christmas is upon us. We are in the final stretch of 2020! The Federal government is highlighted this week in many highs and lows. Current Events The vaccine launch is here! Yet it has not happened without problems. Overall this new vaccine does provide light at the end of a long dark tunnel. It is amazing to watch Americans-front line health care workers and nursing home residents first - made me...
Each week that passes and I write this newsletter, I am reminded that the end of the calendar year is upon us. Time is of the essence to meet with SAS and your advisor team for any end of the year planning! Charitable donations are still eligible for deductions against your taxes. However, if you use the standard deduction on your tax return, $24,800 married filing joint filers and $12,400 single filers, then it makes...
Reminder: 12/31/2020 tax calendar year deadline approaching. Be mindful of helpful tax planning tasks. Consider the following: Can you contribute more to your employer sponsored retirement plans (401k, 403b, etc)? Use December pay checks as a final funding source into your tax deferred accounts if your cash flow has room. Ideas include: Login to your work retirement plan online or contact HR to see what can be done before the annual deadline to add more...
Welcome back from Thanksgiving. I was excited to jump back into writing the weekly SAS Newsletter since our last one two weeks ago formalizing the Election results and the Market responses. Writing this newsletter is something I am looking forward to beginning Monday morning each week. I’m grateful for this practice to keep in the minds and inboxes of all of our clients each week. Reminder! As the end of the calendar year approaches please...
The election is over! Votes have been tallied and now we wait as the current President is not officially recognizing the President-elect. It was a perilous time before the election, and although one box can be checked, and it is a big box, many more remain. Each day brings big news reflecting the two sides of a coin. The great: Today Moderna announced preliminary results for its Covid-19 vaccine trial and the news was great...
The Presidential election 2020, held last week, left the country with many questions and a result. This week, a very big week, in the midst of a very big year, the SAS newsletter covers end of year tax planning considerations, election results, and market responses. End of Year Planning Considerations There are two important dates for taxes: tax day in April and December 31st. As we approach the end of the calendar year, there are...
Last week’s election fatigue, pandemic fatigue, work from home fatigue, and virtual learning fatigue, all the fatigues will have at least some resolution now that the election has arrived and passed. This week, we discuss the impending lack of certainty on an election result and the markets’ response. Election Day November 4th, 2020, the day after election day! The stock market soared in the beginning of the week, making up for some of the losses...
The 2020 presidential election is one week away. Though the final election results might be more than one week away. Fatigue of the upcoming election, pandemic, uncertainty in the world, masks is all around- it’s a lot to take in. Election fatigue should be the first to be resolved. There is a possibility that election results will be clear based on certain same day state results such as Florida. If Biden carries Florida the pathway...
