Have you filed your taxes yet? The tax season officially started on January 29, 2024, when the Internal Revenue Service (IRS) started accepting and processing returns. Before you submit your 2023 tax return, however, there are some things you’ll need to think about first.
Municipal bonds are subject to the uncertainties associated with any fixed income security, including interest rate risk, credit risk, and reinvestment risk. However, the tax advantages associated with munis and their potential ability to provide an ongoing income stream have traditionally made munis an important part of a portfolio. Read more about the importance of municipal bonds.
It’s no secret that we’ve been in an upward trajectory for both inflationary prices and interest rates. A complex question asked by most consumers is, “Is the Fed done raising rates?” And, if they’re done raising rates and decide to lower them, “How will this rate reduction impact my investments and overall wealth building strategy?”
In the world of wealth management, the foundation of success lies in forging positive client relationships. In this article, we will explore how we as your trusted wealth managers, strive to cultivate and strengthen our client relationships, ultimately leading to long-term, trusted partnerships.
When discussing investing, there are two basic concepts that will get discussed a great deal and are significant to long term success – diversification and asset allocation. Your asset allocation should balance your financial goals with your emotional needs. If the way your money is invested, makes you uncomfortable, you may need to rethink your investing goals.
As we approach the year-end, seasoned advisors are gearing up for the annual ritual of tax-loss harvesting, a strategic maneuver aimed at optimizing client portfolios. As we delve into this year's year-end maneuvers, our aim is to approach the process with wisdom, finesse, and the understanding that our clients’ portfolios and overall tax circumstances differ.
A common debate among investment forums is regarding the merits of active versus passive portfolio management. Whatever method an investor chooses, they will need to weigh their financial goals, the time horizon, and risk tolerance into their strategic long-term asset allocation approach.