2021 Q3 Review and Outlook – Inflation, Stagflation or Neither?

October 14, 2021

The well-stimulated economy continued to power along in the third quarter of 2021, but the S&P 500 SPDR ETF (SPY) barely squeaked out a 0.6% gain. The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) was flat (-0.01% return), and a 60% stock/40% bond portfolio gained 0.3%.  Year to date,…

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Five basic benefits of working with a financial planner

September 13, 2021

Thanks to the internet and YouTube, doing-it-yourself has taken on a new life.  For example, a young person we know was able to diagnose a problem with his clothes dryer, then order the key part and install it, thus saving the cost of an in-home repair.  Information that once might have been hard to find…

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2021 Q2 Review and Outlook: Inflation: Transitory or Here to Stay?

July 19, 2021

The U.S. stock market continued to power along with a well-stimulated economy and COVID reopenings, as the S&P 500 SPDR ETF (SPY) gained 8.4% in the 2nd quarter. The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) returned 1.8%, and a 60% stock/40% bond portfolio gained 5.7%.  Year to date, the…

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A Tale Of Two Plans

June 7, 2021

A trial has been set for August to determine the disposition of Aretha Franklin’s estate.  Initially everyone assumed the famous singer had died without a will.  However, three hand-written documents were later discovered that appeared to potentially be wills, some under the sofa cushions, and their terms were inconsistent.  In particular, questions were raised over…

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The RMD Vacation Is Over

May 14, 2021

Last year seniors were given a reprieve from the requirement to take minimum distributions from their IRAs and qualified retirement plans.  The suspension of the rules, included in the CARES Act, was enacted at a time when the stock market had moved sharply lower, and so it was intended to prevent a forced emptying of…

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Introducing MoneyGuidePro®

April 26, 2021

A Powerful Tool To Help Clients Plan For Retirement For a comfortable retirement you should be able to pay your basic living expenses without worrying about running out of money. For a truly satisfying retirement lifestyle you would also include sufficient money to pay for other purchases and activities that go beyond your basic needs. TCV…

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Ask a Trust Officer: Roth IRA versus Traditional IRA

March 18, 2021

DEAR TRUST OFFICER:   I have $6,000 to put into an IRA before I file my tax return for 2020.  Which is better, the traditional IRA or the Roth IRA? — TARDY SAVER DEAR TARDY:   There is no simple answer to your question, unfortunately.  Do you qualify for the tax deduction for the contribution…

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