The Opposite of Cabin Fever- April 2021 Market Commentary

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Judging from increased pedestrian traffic and the return of pedal taverns and party barges, signs of life in downtown Nashville are emerging. While certainly tepid relative to recent years, and despite the enormous challenges still facing the major arts and entertainment venues, the activity is encouraging. More broadly speaking, business and social activities around the country are returning at a rapid pace. As the chart below reflects, spending by Millennials and Gen Z is already ahead of pre-pandemic levels.

“Spring is nature’s way of saying, “Let’s party!” – Robin Williams

Unprecedented financial liquidity and government stimuli, a desire to catch up on life, and some sunny spring weather are proving a potent combination. With increasing supplies and availability of vaccines, we remain hopeful emerging coronavirus variants won’t send everyone back to the cabin.

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Planning Perspectives: Self-Employed Retirement Savings

Solo 401(k) vs SEP-IRA

 

As a small business owner, reviewing the array of retirement accounts at your disposal can be daunting. In this brief, we seek to help business owners sort through these options and identify some opportunities you can discuss with your CPA.

While there are several retirement savings vehicles available to sole proprietors and contractors, the two favorites in terms of flexibility and savings potential are the SEP-IRA and solo 401(k). SEP-IRA’s were the preferred vehicle of choice up until the passage of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001. The EGTRRA broadly expanded the features available within a 401(k) plan to the self-employed, offering the same advantages of a conventional 401(k) plan without being subject to the complex ERISA rules intended to protect non-owner employees. As solo 401(k) plans have gained popularity in the past several years, costs and complexity of establishing a plan have been dramatically reduced, making them a robust contender against the more traditional SEP-IRA.

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Hope Springs Eternal- January 2021 Market Commentary

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2020 has been a tumultuous year and arguably the most consequential since 1969.  While the year’s uncertainties could have paralyzed us all, Americans pressed forward.  The stock market’s recovery from the March lows and strong gains for 2020 certainly point to investors’ willingness to look beyond the challenges of the day and toward a robust economic recovery.  We too remain hopeful for the future and for long-term investment gains for investors who can endure volatility and appreciate how ingenuity and determination are powerful offsets to even the most daunting of obstacles.  These investment principles certainly applied in 2020, and as we know, history tends to repeat itself.

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It’s A Marathon Not a Sprint- October 2020 Market Commentary

 

pexels samuel silitonga

This summer, the financial markets sprinted ahead at a record pace. Improved treatments for COVID-19, the prospects of a vaccine, and hopes for a V-Shaped economic recovery brought retail and institutional investors out in force. Small investors, many of whom were sheltering in place, opened millions of accounts at new online trading entrants such as Robinhood and Webull. While many of these first-time investors chased the stock of the day, others became active in financial derivatives, or as Warren Buffett calls them “weapons of mass financial destruction.” Not to be outdone, some institutional investors were active in the derivatives markets as well. Softbank, a Japanese conglomerate, reportedly bought $4 billion of call options tied to a basket of high-profile tech stocks. Many believe this unusually large derivatives activity contributed to August’s strong gains, particularly among large-cap tech stocks.

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Medicare- What You Need to Know

When it comes to retiree health insurance, it can be overwhelming to understand when to enroll, options under each plan, costs and what plan best fits your needs. This overview highlights options to consider as you approach retirement.

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