The October 2016 Market Review outlines the market highlights and gives a summary of current events (such as employment housing updates, geo political events and meetings) and their impact on the markets and asset classes. Highlights include economic growth accelerating at its fastest pace since the 3rd Quarter of 2014, expectations for December Fed rate hike rise to its highest level since Brexit, and the U.S. dollar posting its best month since November 2015, rising to its highest level in eight months. The U.S.
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In this edition of Tax Topics, the focus is on the IRS release of the 2017 inflation-adjusted numbers, along with planning points to keep in mind for both year-end and in general. It also has the November 7520 rate and applicable federal mid-term rates.
What if Trump trumps Clinton in the U.S. Election? With just a few weeks remaining, the markets have not meaningfully priced in the chance of a Trump presidency. While indeed this is not the base case scenario, the outcome of the election is sufficiently unclear that serious consideration should be given to the potential impact of a Trump victory on the economy and the markets over the short term. And at least over that short term, there are concerns. By contrast, the markets would likely take a Hillary Clinton victory as an extension of the status quo and not react dramatically.
As with many of your possessions, the value of jewelry is not simply monetary. Individual pieces often hold significant sentimental value: a tennis bracelet gifted to mark the birth of a child or an heirloom brooch passed down from a grandmother, for example. These are irreplaceable, so taking the proper steps to secure and protect them is critical. This article details five considerations to help protect your precious possessions.
Individuals and families that manage their wealth wisely tend to take an active role in doing so. Rather than leave everything in the hands of an advisory team, they make sure they’re knowledgeable about the key factors affecting their wealth. This entails understanding various legal, financial, and regulatory issues, as well as the economic and political landscape, both home and abroad. This can be a tall order—one that this 2017 guide to tax and wealth management aims to help you meet.
Finding your voice as an adult is a difficult process for everyone, but can be especially challenging when you grow up in a family of wealth. Perhaps you already control some or all of your inheritance or maybe you soon will. Learning the rules of the road can make you more comfortable, confident, and independent as you choose your destination, plan your route, and safeguard yourself and your passengers.
The past 20 years’ exceptional wealth creation will soon be followed by the biggest-ever wealth transfer. It is estimated that fewer than 500 people will hand over USD 2.1 trillion to their heirs over the next 20 years. For most Asian economies, where over 85 percent of billionaires are first generation, this will be the first-ever handover of billionaire wealth. Billionaires matter. They create and hold immense wealth. Shifts in the structure of that wealth matters to the wealthy and their families. But they also impact the global economy and society as a whole.
If you pre-order from Starbucks, buy a paper on the corner using Apple Pay, or use the free wifi at the gym to pay your bills online, before lunch you’ve shared multiple pieces of information that could potentially be accessed by cyber criminals. Security experts continue to familiarize themselves with the latest cyber-exposures, but so do criminals.
Imagine trying to protect a multi-generational family with 15 households and 25 properties in multiple states—not to mention all their vehicles, collections and personal property. Then there’s liability exposure for dozens of individuals, each with their own unique set of risks. Providing insurance protection for this level of exposure is challenging and requires specialized expertise on many levels. This paper highlights the complex risks faced by multi-generational families and how proper risk management can successfully protect their wealth for future generations.
From a tax perspective, 2016 was a relatively calm year. But this relative calm shouldn't create complacency. Instead, it creates two significant opportunities for year-end planning. First, you can redirect the time and energy spent understanding new laws in years past toward a holistic look at your tax situation and plans for the future; you might just identify tax-saving strategies that were previously unnoticed. Second, you can devote that extra time to learning more about the new rules that did go into effect this year.