"Every moment of light and dark is a miracle" - Walt Whitman. 2017 marked the first solar eclipse in the United States since 1979, perhaps a fitting spectacle given the stark contrast of light and dark moods that collided in our nation last year. On the one hand, optimism is at record levels – consumer confidence reached 17-year highs, business optimism is the highest on record, and the VIX (Volatility Index – aka the “Fear Index”) indicates investors are as sanguine as they’ve ever been. On … [Read more...] about Year in Review – 2017
The Prudent Perspective
Between the markets and politics, the past year has been a pretty wild ride. We thought you might like to know what PIN’s thinking is and what actions we have taken, or may take. With the elections nearly upon us, we’ll begin with our thinking on that subject. In recent weeks, it has turned into a neck-and-neck race. It’s a highly unusual election – with something for everyone to dislike. In all my years, I don’t recall ever before being faced with an election in which I perceived my choice … [Read more...] about The PINnacle of the Market?
You may have noticed that the Department of Labor (DoL) has made headlines recently regarding retirement accounts. It has issued a finalized rule requiring the brokerage industry to abide by the same fiduciary standard as RIAs in investing clients’ retirement accounts. The fiduciary standard consists of a duty of loyalty and care, and simply means that the advisor must act in the best in interest of his or her client. Additionally, firms may no longer provide financial incentives for advisers to … [Read more...] about Does the DoL Ruling Affect Your Accounts?
We’ve probably all breathed a sigh of relief now that tax season is behind us. With that being said, it’s always good to plan ahead as there are few surprises more unpleasant than to find out there is a sizable tax that needs to be paid when it is already too late to do anything about it. With the Affordable Care Act of 2010 and the American Taxpayer Relief Act signed by President Obama in 2013, estates and trusts in the highest tax bracket are now more susceptible to paying higher taxes. … [Read more...] about Navigating Income Tax Consequences for Estates and Trusts
I have been surprised that many of my greatest blessings have come after my greatest trials. One example is Amelia receiving the epiphany to marry me as I wept over a failed statistics exam in my MBA program. Amelia’s passing has been one of my greatest trials, but it is yielding great blessings in lessons learned. My thoughts are prompted by a BYU Alumni Magazine article, Healing=Courage+Action+Grace, by Jonathan G. Sandberg. What is healing? Elaine Marshall, a professor of nursing at … [Read more...] about “Healing”