Getting to the Point of a Point, Investments, DOW, S&P, Beaird Harris, DFA, Dimensional
Mar
14

A 500-point swing in the Dow doesn’t mean as much as it used to. Here’s why and what it means for your investment portfolio. A quick online search for “Dow rallies 500 points” yields a cascade of news stories with similar titles, as does a similar search for “Dow drops 500 points.” These types of headlines may make little sense to some investors,...
IRS2Go
Feb
14

IRS2Go is the Official Mobile App of the IRS Check your refund status, make a payment, sign up for helpful tax tips, and more!  IRS2Go is available in both English and Spanish. Download IRS2Go for Your Mobile Device Get it on Google Play Download on the App Store Available at Amazon IRS2Go Offers Many Features Refund...
Texas Unclaimed Property
Feb
13

TEXAS UNCLAIMED PROPERTY Annually, businesses (“holders”) should review their records and, if they hold property that is presumed abandoned (“unclaimed property”), as of March 1st, are required to file a report with the Texas Comptroller of Public Accounts.  The report is due by July 1st.  What is unclaimed property?  Unclaimed property...
Déjà Vu All Over Again
Feb
12

Investment fads come and go. Letting short-term trends influence your approach may be counterproductive to pursuing your financial goals.  Investment fads are nothing new. When selecting strategies for their portfolios, investors are often tempted to seek out the latest and greatest investment opportunities. Over the years, these...
Why Should You Diversify?
Dec
19

As 2019 approaches, and with US stocks outperforming non-US stocks in recent years, some investors have again turned their attention towards the role that global diversification plays in their portfolios. For the five-year period ending October 31, 2018, the S&P 500 Index had an annualized return of 11.34% while the MSCI World ex USA Index returned 1...
Tax Reform, Year-End Planning
Nov
26

The new 2018 Section 199A tax deduction, also known as the Qualified Business Income (QBI) deduction, arises from the Tax Cuts & Jobs Act of 2017.  This provision provides for a 20% deduction of QBI and is one of the most significant tax breaks in the new law; but it is also one of the most complex and subject to numerous rules, limits and...
Tax Reform - Meals & Entertainment Update
Nov
19

On August 29, 2018, we posted a "Meals & Entertainment Update" to our initial article on "Meals & Entertainment Under Tax Reform."  That update expressed encouragement that the legislative intent was to leave the 50% client, prospect and other business-related meals deduction intact.  We have good news to report. On...
Midterm Elections, Trump, Investments
Nov
02

We looked at 92 years of data to see how US financial markets have responded historically to midterm elections.  Here's what long-term investors need to know. It’s almost Election Day in the US once again. For those who need a brief civics refresher, every two years the full US House of Representatives and one-third of the Senate are up for...
Oct
26

Whether you want to support the relief and recovery efforts for the victims of the recent hurricanes, support your favorite qualified charity or make your annual gift to your church, there are three lesser-known charitable giving strategies that could serve to reduce your tax liability.  1.  Gifting Appreciated Securities Compared with...
Oct
25

We’re facing a year in which the returns on domestic stocks are significantly higher than their international counterparts, which can lead one to question the value of diversification.  We live in a world of interdependent global economies and over the long-term, no single economy can dominate all others indefinitely, which is why we believe in the...