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Tax Law Changes Allow Year-End Charitable Planning Opportunities
Submitted by Desmond Wealth Management, Inc. on November 13th, 2020As the end of the tax year approaches, it is worth spending a few minutes reviewing some of the changes that have been made in the tax laws surrounding donations to charities. In some cases, this guide will serve as a refresher regarding revisions made over the last few years, while in other cases there have been COVID-related changes that you may not be aware of.
Lump-Sum Investing vs. Dollar-Cost Averaging Round 2: Actual Outcomes
Submitted by Desmond Wealth Management, Inc. on November 3rd, 2020Presidential Election Reflection
Submitted by Desmond Wealth Management, Inc. on November 1st, 2020Don’t Miss Out on Year-End Tax Planning Opportunities
Submitted by Desmond Wealth Management, Inc. on October 25th, 2020To say COVID-19 has made 2020 a disastrous year for just about everyone would be an understatement. However, in response to the economic slowdown and losses of income, Congress passed several extensive laws to benefit individuals and businesses that suffered financial hardship because of COVID-19. Therefore, 2020 has given rise to more than the usual tax-planning opportunities.
QUARTERLY MARKET REVIEW - Q3 2020
Submitted by Desmond Wealth Management, Inc. on October 21st, 2020In third-quarter markets that represented a second consecutive quarter of remarkable overall gains, what stock outshone all the others in the S&P 1500 Composite Index?
Zoom? Apple? Netflix? Nope, none of these nor any of the other trendy FAANG stocks (Facebook, Amazon, Apple, Netflix and Google’s parent company Alphabet). Not Tesla, either.
How Much Impact Does the President Have on Stocks?
Submitted by Desmond Wealth Management, Inc. on October 20th, 2020The anticipation building up to elections often brings with it questions about how financial markets will respond, but the outcome of an election is only one of many inputs to the market. Our exhibit examines market and economic data for nearly 100 years of US presidential terms and shows a consistent upward march for US equities regardless of the administration in place.
Solar Tax Credit is Sunsetting Soon
Submitted by Desmond Wealth Management, Inc. on October 8th, 2020Lump-Sum Investing vs. Dollar-Cost Averaging Round 1: Raw Returns
Submitted by Desmond Wealth Management, Inc. on September 27th, 2020Good news – you have an extra $24,000, and you’ve decided to invest it in the stock market. It’s always nice to have investable cash on hand, but you also might feel as if the pressure is on. Nobody enjoys seeing the market take a dive shortly after they jump in. Unfortunately, we never know when it might do exactly that.