DEAR TRUST OFFICER: What portfolio management steps should I take on account of the new war in Europe? —UNSETTLED INVESTOR DEAR UNSETTLED: First, depending upon what you own, an impact will be made on your portfolio by the actions taken by multinational companies, many of whom already have cut their ties with Russia.  So even…

2021 charged across the finish line as the S&P 500 SPDR ETF (SPY) gained 11.1% in the fourth quarter. The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) was down slightly (-0.1% return), and a 60% stock/40% bond portfolio gained 6.6%.   Again, that was just the fourth quarter. For…

Digital currencies (or cryptocurrencies) such as bitcoin are not just a fad.  They are resources with potentially significant value, which is why the IRS is increasingly focusing enforcement efforts on collecting data in this area. In 2014 the IRS ruled that cryptocurrency is “property” rather than currency. Accordingly, cryptocurrency is subject to capital gains tax…

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,…

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…

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…

Your reference guide to 2020 Tax Rates, College Savings Incentives, IRA and 401(k) Contributions, ABLE Accounts, and Social Security Benefits. Please click this LINK.

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…

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…

The U.S. stock market continued to climb out of and above the hole it dug in 2020, with the S&P 500 SPDR ETF (SPY) gaining 6.4% in the 1st quarter. The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) declined 3.4%, and a 60% stock/40% bond portfolio gained 2.5%. For…