Investment Newsletters & Articles

Market Update

Published February 26, 2020

Global equity markets declined substantially over the past two days primarily in reaction to further concerns regarding the coronavirus and the related impact on the global economy. U.S. equity markets were particularly weak, with the S&P 500 posting its largest two-day decline since 2015.

Volatility has resulted from uncertainties related to the global scope, severity, and longevity of the coronavirus. This could lead to a negative impact on global GDP, including originating country China (world’s second largest economy) and other affected countries. In the U.S. (world’s largest economy), recent estimates for 2020 GDP growth have been trimmed, but still represent positive growth in the 1.50%-2.00% range.

We remain constructive on the overall equity market and believe it remains an attractive long-term investment vehicle. A generally positive economic backdrop for the U.S. remains in place, led by a low interest rate environment, low unemployment, wage growth, solid consumer confidence, and recently improved trade relations...


The SECURE Act and Your Retirement Savings

Published January 1, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act was enacted in December 2019 as part of a larger federal spending package. This long-awaited legislation expands savings opportunities for workers and includes new requirements and incentives for employers that provide retirement benefits. At the same time, it restricts a popular estate planning strategy for individuals with significant assets in IRAs and employer-sponsored retirement plans.

Some of the changes may affect your retirement, tax, and estate planning strategies. Provisions were effective January 1, 2020, unless otherwise noted.

2019: 4th Quarter Review

WTM Quarterly Outlook

Published January 1, 2020

We entered 2019 battered as stocks fell 13.5% in the fourth quarter of 2018. The Fed’s insistence on raising rates felt like a policy error that was sending the U.S. economy into a recession. In the end, very few would have predicted the year to come.

Markets closed out 2019 with substantial gains on relatively low volatility. For the year, the S&P 500 Index leaped 31.5% with technology stocks alone climbing over 50%.
2020 stands to be eventful. Politics and the election will certainly continue to dominate the news but typically, election years are generally positive for stock markets. Secondly, valuations are higher, and the earnings outlook is more aggressive. We remain cautiously optimistic that the record economic expansion can continue, but we would not be surprised to see adjustments to earnings outlooks and valuations...

2019: 4th Quarter

Perspectives Newsletter

Published December 15, 2019

Revealed by a Harvard study - strong relationships, a happy childhood, and generativity are a few predictors for happiness during one's retirement. Can you guess the remaining three?

This quarter's "Perspectives" also discusses cryptocurrency and the IRS, how to avoid early withdrawal penalties, and advice on grantor trusts.


Archived Articles and Newsletters

This page links to PDF files. If needed, use this link to download Adobe Reader.