A truly integrated wealth management plan works in tandem with your estate plan. Because tangible personal property (e.g. jewelry, books, art, photos, household furnishings, and more) typically carries significant sentimental value, it is likely to be a topic of discussion among your heirs and can be a challenge to navigate. Given the potential for conflict, and the difficulty in assigning each piece a monetary value and, thus, distributing it equally, below are some suggestions for how tangible ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
On March 29, 2022, the U.S. House of Representatives passed the Securing a Strong Retirement Act of 2022 by a strong bi-partisan vote of 414-5.1 The measure is commonly referred to as the SECURE Act 2.0 because it is a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which first made sweeping changes to retirement savings plans. Following are some highlights of the bill that passed the House and features of the Senate version currently in ... [Continue Reading]
Stock and bond markets across the globe have been quite active since the beginning of 2022, working to process the everchanging events unfolding in real time. The war raging in Ukraine and the ripple effects across the world on global trade and political relations, continued rates of inflation in the U.S. not seen in decades, a strong, yet complex job market affecting workers and employers in differing ways, and the interconnectedness of all of these and the way in which the Federal Reserve Bank ... [Continue Reading]
Inflation, an issue which the Federal Reserve initially discussed as a transitory event driven by pandemic-related supply chain bottlenecks and staffing shortages, may persist longer than expected due to the economic sanctions being placed on Russian oil exports. Oil is a critical input to the global economy, and the recent surge in prices will lead to higher producer and consumer prices in months to come. Inflation and Retirement Inflation is one of the largest risks facing retirees, ... [Continue Reading]
As humans, we may react emotionally to portfolio volatility, changes in career, or world events. We often feel insecure or out of control during these moments. Feeling secure, particularly financially secure, is just that—feelings. As we encounter these moments of feeling insecure, it is important to think it through: Why do I feel this way? What would make me feel better? How should I react? And then pause before reacting to reflect. Recently, my spouse and I ... [Continue Reading]