It’s that time of year again where daylight is getting shorter, temperatures are getting cooler, and it will soon be open enrollment time for your 2023 benefits. We provide the following information to remind you of some important decisions you may be faced with and to encourage you to reach out to an SWA advisor with any questions you have. Important Items to Consider and Take Advantage of: Health / Dental Insurance and Health Savings...
Summit Wealth Advocates |
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We received quite a few questions regarding the Student Loan Forgiveness piece we sent a few weeks ago and thought it may be beneficial to send a follow up piece sharing those questions and answers with everyone.
Summit Wealth Advocates |
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The information on the student loan forgiveness is causing quite a lot of debate. We are not taking sides on this one but rather giving you the information we have as of now. It changes rapidly.
Despite the toll of COVID-19 on the global economy, stock market returns were favorable in 2020 and 2021. The first 2 months of 2022, however, have not been so kind, reminding us that long-term growth in capital comes with risk.
For those who just want to skip to the end: For the stocks that have recently surged due to short squeezes, the likely ending is a 50-90% drop in prices from where they trade today, back to levels that are rational for longterm investment purposes.
Matt Wright, CFA® |
While the media is filled with content that might make you think that chasing the current hot stocks or predicting the economy is the path to financial success, our views at Summit Wealth Advocates are different.
Bruce Primeau, CPA, CFP®, PFS |
Below we continue our updates of CARES Act provisions that are most relevant to our clients.
Bruce Primeau, CPA, CFP®, PFS |
There are a considerable number of provisions of the CARES Act, some of which apply to a limited number of people, so we are going to break down one or two provisions per blog that we believe are most relevant. 2019 Tax Return Filing Deadlines: 2019 individual tax returns are now due 7/15/2020. This is an automatic extension. Taxpayers do not have to file Forms 4868 or 7004 to get the 7/15/2020 deadline. However, tax...
Bruce Primeau, CPA, CFP®, PFS |
In times like these, it may be difficult not to get upset when you see the global equity markets declining so rapidly. If you are like me, if feels like we are on a raging roller coaster ride that can’t end soon enough. In this time of great uncertainty, where many businesses are shut down, our federal and state governments are attempting to respond to the impact of the COVID-19 Coronavirus as quickly as possible...