A SAVVY WAY YOU CAN GIVE MORE, PAY LESS IN TAXES
Under the Tax Cuts and Jobs Act of 2017 (TCJA), the standard deduction available to taxpayers increased substantially. However, for taxpayers who choose to itemize their deductions, TCJA limited or discontinued certain previously deductible expenses, such as state and local income, sales, and property taxes, and charitable deductions. One work-around is to accelerate your charitable giving using a donor-advised fund.
REMEMBER: RECOVERIES HAVE REWARDED PATIENCE
If you’ve ever taken an economics course, you might remember this basic principle: Economies and financial markets, such as the stock and bond markets, move in cycles. That is, you can count on markets to experience lows, when prices fall, and peaks, when prices surge. While no one has perfected the science of knowing exactly when those lows and highs will occur, you know the financial markets (and most global economies) will eventually come back around.
SMART THINGS TO DO (THAT MANY WON’T) IN A DOWN MARKET
Markets move based on numerous variables that no one person can meaningfully control or even fully monitor. And when stock prices falter, the resulting steady drumbeat of negative news reports can drive many people to flee the markets out of fear (and miss out on potential gains as financial markets regain their strength).
VOLATILE MARKETS: DON’T RELY ON HEADLINES FOR GUIDANCE ON WHEN TO INVEST
WHERE IS YOUR COMFORT ZONE? RANGE OF CALENDAR-YEAR RETURNS FOR VARIOUS ASSET ALLOCATIONS, 1926–2020 by Vanguard
MAKING SENSE OF MEDICARE'S PARTS
It’s easy to get a bit mixed up by the many parts and features of Medicare. This chart lets you see, at a glance, the major coverage options, called parts, and some of their more significant aspects. Use it to help you think about what level and combination of coverage suits you the best.
HOW REBALANCING CAN HELP REDUCE RISK
Volatile financial markets, events in your life, and even regular investment reviews can prompt you to wonder why we rebalance your portfolio. After all, if your strongest-performing assets account for a larger portion of your holdings, why not let them ride?
COLLEGE SAVINGS 101
Paying your child's tuition can seem like a daunting task, but deliberate planning can make it possible.