Nov
28

UPDATE: On November 22, the U.S. District Court for the Eastern District of Texas granted a preliminary injunction on the implementation of the new Department of Labor (“DOL”) overtime regulations. For now, businesses and employees are in a holding pattern, and businesses can continue to follow the existing rule. The preliminary injunction is not a...
Nov
28

As we approach the holiday season, we wanted to make you aware of the IRS rules for gifts to employee, business associates, and referral sources.  A little known rule is that business gifts are limited to $25 per person, per year.  Yes, that’s a low amount!  This limit has not been updated by the IRS since 1954.  So what do you do when...
Oct
04

Next month, Americans will head to the polls to elect the next president of the United States. While the outcome is unknown, one thing is for certain: There will be a steady stream of opinions from pundits and prognosticators about how the election will impact the stock market. As we explain below, investors would be well‑served to avoid the temptation...
Sep
30

When news breaks and markets move, content-starved media often invite talking heads to muse on the repercussions. Knowing the difference between this speculative opinion and actual facts can help investors stay disciplined during purported “crises.” At the end of June this year, UK citizens voted in a referendum for the nation to withdraw from the...
Sep
30

IRS scammers are at it again, and are now targeting your email's inbox.  WSJ's Laura Saunders explains and has tips for those who receive fake IRS messages. The IRS Doesn't Initiate Taxpayer Contact by Email  The Internal Revenue Service (IRS) and its Security Summit partners issued an alert to taxpayers to be on guard against fake email...
Sep
12

With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children’s future college expenses. Now is a good time to sharpen your pencil for a few important lessons before heading back into the investing classroom to tackle the issue. THE CALCULUS OF PLANNING FOR FUTURE COLLEGE...
Jul
06

Many investors look to gross domestic product (GDP) as an indicator of future equity returns. According to the advance GDP estimate released by the Bureau of Economic Analysis (BEA) on April 28, annualized real US GDP growth was 0.5% in the first quarter of 2016—below the historical average of 3.2%.1 This might prompt some investors to ask whether below-...
Jun
24

Unless you are vacationing at some remote locale in which you are cutoff from TV or theinternet, you are well aware of what has commonly been called “Brexit;” short for Great Britain and the UK’s exit from the European Union (EU).  In a public referendum, British voters cast a majority vote to leave the European Union...
Jun
09

Be aware!  Fraudsters are calling pretending to be Customer Service Representatives of Charles Schwab and Fidelity Investments.  The odds are you’ll never receive one of these calls; however, because of the serious nature of these calls and the significant financial damage that could ensue, we want you to be informed.  When these...
Apr
20

The final ruling from the Department of Labor (DOL) on the long awaited regulations requiring advisors to act as "fiduciaries" was announced last week. The ruling basically elevates the responsibilities of financial professionals to put clients' interests first and to increase disclosures to better ensure investors are getting appropriate, unbiased, and...