When it comes to their money, most investors have a lot on their minds right now. For starters, the capital markets are off and running, with several indices reaching new highs. Many investment pundits expect this current rally to continue for a while. One explanation for the accelerated market appreciation is the renewed confidence on the part of individual investors as well as corporations, due to the hope for tax reform. As always, time will tell.
Speaking of tax reform, a second financial issue on the minds of many is the filing of their 2016 income tax returns. We have a couple of suggestions regarding your tax filing:
- Hold off on filing until early March because, although most 1099 documents have been prepared, they are sometimes corrected in the weeks following their original posting. It will save you time if you can provide your accountant with finalized documents.
- Remember that if you receive financial documents/statements electronically, this means you need to go online to access your 2016 tax filing documents, such as 1099's. Our clients can begin this process using this link: http://www.entrustfinancial.com/charles-schwab-co-inc/ (Have your logon credentials handy!)
Something that is always on our minds here at Entrust is, "How are we doing? What can we do to serve our clients' needs better?" Stay tuned in the next couple of weeks to receive an email inviting all clients to participate in a survey concerning this important consideration. We encourage you to complete this brief survey and thank you in advance for responding.
|
|
|
Particularly because personal finances are on our minds and most portfolios are doing well right now, there is no better time to contemplate whether your money is on track for achieving your goals. For example, do you know "your number?" Get started by watching our video.
|
|
And then further your preparedness with a little help from our blog: Package Your Personal Finances for a Lifetime of Success.
|
|
|
Perhaps when you headed out in your car during the first couple days in February, you happened to turn on KYW radio and heard Joslyn's voice. Laura Lipton, KYW Newsradio journalist and author of Positively Philadelphia, interviewed Joslyn regarding her book, Balancing Act: Wealth Management Straight Talk for Women. Laura's special interest was the decision to donate all proceeds from the sale of the book to the My Best Teacher Scholarship Fund at Temple University, established in honor of Joslyn's late husband.
|
|
|
Investment Committee Updates
|
|
|
A strong commitment of our investment committee is to keep tax consequences to a minimum for our investors, so they can keep the maximum amount of profits rather than sharing them with the government. To that end, one tactic we employ is to build portfolios with a low degree of security turnover. Not surprisingly, lots of buying and selling in a portfolio almost always results in higher annual tax consequences; therefore we avoid this. We call this commitment Wealth Enhancement.
Please contact us if you wish to have a conversation about boosting your wealth enhancement strategies.
|
|
|
Please feel free to share NewsWorthy with family and friends, especially on your favorite social media sites!
|
|
|
Information in this newsletter is for illustration purposes only and is not a promise of any particular investment result. It should not be considered tax or legal advice. Actual investment return and principal value of equities, bonds, REIT's, ETF's, and mutual funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. There are risks associated with investing, including the risk of loss of principal. There is no assurance that a diversified portfolio will result in better returns than an undiversified portfolio, nor does diversification assure against market loss.
|
|
|
|
