The past few weeks have been a tumultuous period for the financial sector. The collapses of Silicon Valley Bank (SVB) and Signature Bank were the second and third-largest U.S. bank failures in history, overshadowed only by the 2008 collapse of Washington Mutua. Just weeks later, Swiss bank Credit Suisse also collapsed and was bought by …
With tax filing season now in full swing, the team at Strothman+Co felt it important to remind our clients and the wider community of the importance of a sophisticated tax strategy in building wealth. As the saying goes, it isn’t about how much you make, it’s about how much you keep. This insight was one …
Wealth Care and Tax Planning: The Perfect Combination Read More »
As we approach the end of the year, it’s safe to say 2022 has been a tumultuous year for the financial markets. Major indexes have dropped significantly, interest rates are rising, and inflation has been pervasive. But for wealth managers, financial planners, and asset managers, dealing with this volatility and building successful, long-term strategic plans …
2022 In Review: A Q&A With Strothman Wealth Care Read More »
At Strothman Wealth Care, we want to make you aware of opportunities that exist both inside and outside of our management. Recently, the U.S. Treasury announced that I-Bonds will pay 9.62% through October 2022 which we believe is very compelling given the challenging start in the markets we’ve seen so far this year. What is …
Stocks spent last week digesting the sharp gains of previous weeks as investors assessed a tightening yield curve, the war in Ukraine, and an uncertain outlook for economic growth and inflation. The Dow Jones Industrial Average slipped 0.12%, while the Standard & Poor’s 500 was flat (+0.06%). The Nasdaq Composite index led, picking up 0.65% …
If you really want to make impact in your new grad’s life, make an investment in his or her future with a 529 College Savings account. There are two versions: an investment account and a prepaid account. Assuming you are opening an account now and don’t have time for investment growth, you may need to …
War in Ukraine weighed on stocks as investors assessed the economic impact of continued hostilities, expanding economic sanctions, and potentially higher inflation due to rising oil prices and new stresses on the global supply chain. The Dow Jones Industrial Average fell 1.30%, while the Standard & Poor’s 500 lost 1.27%. The Nasdaq Composite index slid …
One of the easiest ways to save for retirement is to participate in an employer-sponsored retirement plan. You simply select a percentage of your paycheck that you would like transferred to your 401(k) (or similar) account. Not only does your employer make the transfer for you, but it comes out of your paycheck before income …
How To Maximize the Potential of Your 401(k) Plan Read More »
Taking over your aging parents’ finances is not easy. But it’s something that can be handled in an organized, compassionate way. Here’s a roadmap that shows how to embrace it and do the right things for everyone involved. Start the conversation early. Right now, your parents might not need any help. They might be handling …
Strothman Wealth Care U.S. Markets Stocks rallied in December as early data suggested that the health impact of the Omicron variant was less severe than initially feared. The Dow Jones Industrial Average picked up 5.38 percent, while the Standard & Poor’s 500 Index gained 4.36 percent. The Nasdaq Composite lagged, climbing 0.69 percent. Omicron Worries …
