News

Year-end Battle for Tax Legislation Brews in the Beltway

With the midterm elections behind us, Congress is nearing a deal to retroactively extend a myriad of tax provisions that expired on December 31, 2013. While it is was widely assumed that the lawmakers would take action shortly after the election, IRS Commissioner John Koskinen has stated that if legislation is not passed before the…

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IRS Announces Annual Inflation Adjustments and Pension Limitations for 2015

Last month the IRS has released important guidance for taxpayers, including Revenue Procedure 2014-61, which provides detailed guidance on inflation adjustments for over 40 tax provisions, including tax rate schedules and limits on itemized deductions.   These changes come with the midterm elections looming next week.  Regardless of the outcome, there is a high probability that…

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White Oaks Wealth Master Planning

Estate Planning For The Rich and Famous When was the last time you looked at your estate plan? Any guilty faces out there? If you are a normal busy person – probably not often enough! The estate planning of the rich and famous is spilt in ink across the gossip pages with salacious detail. We…

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Results of Communication Survey and Blog Changes

A big THANK YOU to all who completed our survey on communication preferences. We had an outstanding response that was both reaffirming to some of our current practices and instructive on new thoughts and direction as well. You can review the results below. In light of this we are instituting some changes to better serve…

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The Trouble With Optimism (and Pessimism)

The economy has been continuing to improve and clearly optimism about future prospects has reached highs based on the last 5-6 years. The questions I tend to get asked in cocktail party conversation tends to fall in two categories. One direction is that “isn’t the market due for a correction soon” and the other is…

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Uh…..I’m Baaaaack!

Things we are pondering…… Yes, the last few days our old nemesis volatility has revealed that he was only dormant not gone. Of course, we don’t seem to mind when the markets are showing upside volatility somehow. In fact, markets like the S&P 500 representing the US equity markets, have been on a long term…

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Debt, Bond Kings and Housing….

Things we are pondering…. The equity markets have been continuing the pullback initiated in late September.  As we have written before, seeing a correction of some significance is certainly to be expected. The real question is: Is this it?  Unfortunately, it is just too early to tell.  A 10% pullback is normal and healthy. The…

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PIMCO/Gross, Housing, Confidence, etc.

Some interesting things have happened this week as they always do but one of the biggest surprises was Bill Gross jumping ship from PIMCO to Janus. We area watching this with keen interest. In retrospect the departure of Mohamed El-Erian as few month ago was a clue that internal strife at PIMCO was becoming a…

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What were they thinking?

This weeks article in Barron’s entitled “Don’t Panic” took issue with today’s common wisdom about retirement and individuals preparedness to stop working. We all have likely seen statistics that say that 50% of the pre-retirees have no savings at all. Of course, it is all in how the numbers are crunched. Some studies are focused…

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The Fed, Yellen, Hedge Funds, Über, Oh My!!

For a smile… If at first you don’t succeed, skydiving is not for you! Things we are pondering… The investment markets loved Fed Chair Yellen’s report this week, largely because there were no surprises in it. It does appear that the Fed does in fact see pressure on rates increasing and consensus, based on the…

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