Three factors are contributing to an economic environment that is creating favorable conditions for clients to consider whether or not a Charitable Remainder Trust (CRT) is a good solution for them. With the stock market at record highs, more investors have highly appreciated assets than they did, for example, during and immediately following the global economic crisis. In addition, CRTs provide some of their greatest benefit in times of high tax rates and high interest rates. While rates remain ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
What will the average age of your workforce be in ten years? This is a question that many forward-thinking business owners and executives are asking themselves. The reality is that many so-called “older” employees, or employees beyond what is considered average retirement age, will be forced to stay in the workplace longer due to a lack of sufficient retirement savings. A recently published U.S. Government Accountability Office (GAO) analysis of a 2013 Survey of Consumer Finances found that ... [Continue Reading]
TRIVIA TIME: how many stocks make up the Wilshire 5000 Total Market Index (a widely used benchmark for the U.S. equity market)? While the logical guess might be 5,000, the reality is that as of December 31, 2016, the index actually included around 3,600 companies. In fact, the last time this index contained 5,000 or more companies was at the end of 2005.1 Surprisingly to most, this reduction in investable companies is nothing new. Over the past two decades, there has been a steep decline in ... [Continue Reading]
At varying ages and stages in life, people experience the impact of inflation at different rates. These varying rates of inflation and their subsequent expenses have a direct impact on the income needed from an investment portfolio. They must be accounted for within a holistic wealth management plan to ensure a successful outcome. The phenomena of experiencing the impact of inflation rates at varying stages of life is primarily observed through lifestyle expenses. For example, the inflation ... [Continue Reading]
As the preparation of your 2016 income tax returns are completed and filed (due by April 18, 2017), it is the ideal time to be thinking about 2017 planning. Following are a few notes and considerations we wanted you to be aware of: Contribution limits to 401(k) and 403(b) accounts remain unchanged for 2017 at $18,000, with an additional $6,000 catch-up contribution allowable for those age 50 or older.These limits apply to contributions to either a Traditional or Roth option within the ... [Continue Reading]