How Safe Is Your Financial & Estate Plan After the SECURE Act?

The Setting Every Community Up for Retirement Enhancement Act of 2019 a/k/a the “SECURE Act” made sweeping changes to expand retirement savings options.1 That’s the good news. The bad news is that it also completely gutted the concept of the ‘stretch IRA’ for beneficiaries of IRAs and similar retirement plans. Under the pre-SECURE Act tax [...]

Is the Tide Turning Toward Internationals?

Through the second week of November, domestic stocks, as measured by t he S&P 500 Index, have returned a total of 26.7%. International stocks, as measured by the MSCI All Country World ex-U.S. Index have returned a total of 16.6%.1 Needless to say, there are very few unhappy equity investors out there today. This is [...]

Active vs Passive: A Longer-Term Perspective

Let’s face it, passive investing is all the rage. It makes perfect sense when, since 2011, active large-cap equity management has only outperformed in one year. Some are wondering if active management has any future. In the current black or white, this or that, all or nothing climate of discourse, data gathered by Hartford [...]

Discounted Cash is King in 2018

Major asset classes largely posted negative returns in 2018 – save for one, oft forgotten asset class – Cash. The S&P US T-Bill 0-3 Month Index posted returns of approximately 1.8% in 2018 (Source: Bloomberg), outpacing broad equity and bond indices. However, “Discounted Cash” far outpaced traditional T-bills in 2018 and is poised to do [...]

Managing Sudden Wealth: More Money, More Problems

We have all heard the stories about lottery winners and top sports draft picks who make it big only to lose all of their money and spiral into emotional and financial despair.  The reality is that sudden wealth does not just impact lottery winners and athletes.  Sudden wealth can impact business owners when they sell [...]