IRS Scams – Consumer Awareness July 2019

Kent Forsey, CFP® Data Breach, Identity Theft, IRS, Scams, Tax Returns

Attempted financial scams seem to happen to all of us at some point.  An awareness of the many new ways they can happen is key to making sure you don’t get pulled into them.  Identity theft and stolen funds are becoming a growing risk as thieves have devised clever methods of masking IRS communications.  Various government entities have identified some …

Macro Overview – June 2019

Kent Forsey, CFP® Mortgage Rates, Tariffs, Trade Policies, Treasury Bonds, Unemployment Rates

The “firehose” of information available nowadays makes it difficult to focus on what topics are really affecting the market.  Here is a good summary of this month’s most important issues. The ongoing trade dispute between the U.S. and China escalated in May as the U.S. signaled that it had not finalized a deal yet with China.  The lack of a …

Social Security Falls Short On Projections

Kent Forsey, CFP® Social Security

Taking full advantage of employer 401(k) or other retirement benefits will continue to be vital to successful retirement planning as reduced social security benefits  becomes more likely the longer Congress waits to take action. A U.S. Government report compiled and released by the Government Accountability Office (GAO) found that 48 percent of individuals 55 and older had no retirement savings …

What To Keep & What To Toss – Tax & Finance

Kent Forsey, CFP® Records to Keep, Tax Returns, Taxes

Every year, as I make my way through piles and files of receipts and statements, I question myself on what to keep and what to shred.  I know I am not alone in this obstacle. The idea is to toss out what you don’t need anymore, yet keep what you might need for taxes and accounting purposes. Here are some …

Tax Rule Changes To Be Aware Of When Filing

Kent Forsey, CFP® Tax Returns, Taxes

In the middle of filing your taxes?  Keep these changes in mind. This tax season is the first year where all of the changes and provisions passed under the Tax Cuts & Jobs Act are affecting both individual taxpayers and companies with broad changes for deductions and tax rates.  The changes, effective January 1, 2019, affect most every tax payer …

Emerging Markets Drive Global Growth – International Review

Kent Forsey, CFP® Emerging Markets, GDP

Understanding the health and direction of emerging markets is an important component to successful investing in the U.S.  Although the actual position of emerging markets in most portfolios is small, they have a big impact with U.S. companies as they represent a growing market place for many U.S. products and services. Each year, the World Bank conducts an extensive survey …

Macro Overview – February 2019

Kent Forsey, CFP® Debt Limit, Macro Overview, Stocks, Taxes

Here is a quick summation of the major issues that are driving market volatility both to the upside and downside on a daily basis. A resilient U.S. economy drove equity markets to the best January in 30 years, propelling stock indices to new year gains which had not been seen since January 1989. Job and wage growth skirted the government …

Economic Update – January 28, 2019

Kent Forsey, CFP® Economic Update

Dear Friends, Clients and Associates, One of the many changes that technology has created in our modern lives, is that we can find news and headlines that support any political view we want to believe in.  The same can be said about the economy, the markets, their health and direction.  As we look forward into 2019, there are many reasons …

Global Equity Markets Decline in 2018

Kent Forsey, CFP® Equity Markets

January 2019 Trying to explain why the stock market is going up or down on any given day is an exercise best left to those writing news headlines who like to speculate.  As time passes and the dust clears, valuation of individual stocks and their markets they trade in become more a function of their actual and projected earnings. Volatility …

Tax Breaks for Family Caregivers – Tax Planning

Kent Forsey, CFP® Caregivers, Tax Planning, Taxes

January 2019   Taking care of an elderly parent at home is not easy.  New tax benefits may help some, but not all. As the number of elderly has grown nationwide, so has the need for caregivers. The baby boom generation, the largest demographical segment of the U.S. population at 74 million, are now entering their late 60s and early …