Say hello to President Trump!

I don't know about you but staying up until 3:00 AM was worth it to experience all the hoopla.  Although it predates me, I have to think what I witnessed last night was close in comparison to Apollo 11 landing on the moon.

It is no secret that the financial markets do not like uncertainty.  Here is the proof.

Last night we saw stock futures plunge.  Today we see the stock market up more than 1 closing in on record levels (that is more than a 6% swing).  Bonds were in a steep rally mode during the tallying of the votes.  Now we are experiencing a big selloff pushing yields in the 10 year note above 2% for the first time since January.

Truth be told, we are surprised by the reaction today.  Although we do see the benefit that Trump's suggested policies could have on the economy, we are a long way from there.  We must be patient and prudent as we move forward. 

Financial Planning Tip of the Month

Year-end tax planning strategies

- If you have investments in taxable accounts you may benefit from tax loss harvesting or gifting of low basis shares of stock.  If your taxable investments include mutual funds you may still be able to sidestep a big capital gain distribution.

- Have you considered a conversion to a Roth IRA?

- Have you met your philanthropic goals this year?  Do you know you can a gift now and determine the benefactor later?  Ask us about CGF.

- Have you taken your RMD?  Do you know you can donate it to charity (up to $100,000) and still have it count toward your requirement?  Ask us about a QCD.

If any of these ideas appeal to you, please give us a call.

We look forward to working with you.

Office update ! 

We are up and running !  

If you have not scheduled a time to come on in for a meeting, please give us a call.