Author - Mark Hume

Congress has passed The CARES Act.  This stimulus package brings relief to the American people during an unprecedented time when portions of the economy have been brought to a screeching halt.  We will outline some of the very basics that have emerged from this bill.  Like the SECURE Act, it is a massive bill with plenty of interpretation still to trickle out. 

Outbreaks of epidemics typically affect the value of your portfolio.  In the past it has always been in the short-term.  The fear of the coronavirus has caused equities to sell off from their recent all-time highs.  There is no reason to expect this outbreak to behave any differently.  This sell-off is ok.

The House and the Senate have passed, and the President is expected to sign the SECURE Act. This piece of legislation creates some substantial shifts in laws governing certain retirement accounts. The House and Senate had different versions of this Act and we await their final decisions.

One of the more dangerous, dangling carrots I have seen lately is the Qualified Opportunity Zone (QOZ).

The claim: “Take Highly Appreciated Stock, Sell It, Invest in a QOZ, and Your Taxes Disappear”

Sounds compelling, doesn’t it? Too good to be true? At least worth a closer look.

• Prince
• James Gandolfini (Tony Soprano)
• Jimi Hendrix
• Aretha Franklin
What do these four people have in common? Legendary entertainers, fame, fortune, and……..the absence of a properly executed will when they passed.

Volatility in the equities market and a recent yield curve inversion has many households fearful about a recession.  A recession means that the value of their stock holdings should fall on paper, and this incites fear.  Fear is a bad mindset when it comes to investing in stocks. 

The millennial’s retirement Pot of Gold might be held in Roth investment accounts and/or a less popular account that can help mitigate their long-term care risk while maintaining flexibility and liquidity of the assets designed to address care.  Let us take a look at that less popular account here.

Do you know how much auto insurance coverage you have? 

Do you only have the minimum required liability or do you have maximum protection?  What about an umbrella policy for any spill-over costs from an accident?

Do you have a young son or daughter who just started driving or will start soon?

We all care deeply about our family and those close to us.  We always want to do the best for them.  Protecting one’s identity has become a very important topic recently, especially with the explosion of the internet over the past 25 years.  I will be proactive and begin building my five-year-old’s credit when he turns fourteen.  This is a common recommendation t

Pop Quiz:  When you pass away who owns your Facebook account?