Roth accounts play a very important role in creating a tax-diversified retirement savings strategy, providing tax-free income during retirement. Because Roth accounts are funded with after-tax contributions, they grow completely free of income taxes. As a result, we work with many clients to maximize the amount accumulated within Roth accounts under the principle that accumulating as much money in Roth accounts as soon as possible allows for the most tax-free growth. The most common ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
With springtime comes graduation season, a time when many parents and grandparents examine their educational savings strategies and take action—discussing them as a family and, in many cases, redoubling their efforts to save funds for future college-bound graduates. Although 529 college savings plans are growing in popularity, roughly 66% of investors 1 are unaware of them and their benefits. A recent study suggests that, on average, a child is seven years old when a 529 account is ... [Continue Reading]
What We Will Be Monitoring In the Coming Months With the passage of the American Rescue Plan Act of 2021 (ARPA), and optimism surrounding the future of our pandemic recovery, the Biden administration is now shifting its focus to reforming the tax code. Our team is closely watching the proposals, as they may have significant implications for tax and estate planning. Below are some of the details of the proposals that are most commonly referenced in the news and we believe would be most ... [Continue Reading]
What a difference a year can make. Last April, we were discussing the uncertainty and unprecedented events of the early pandemic. The daily headlines seemed to rotate between record unemployment claims, increasing infection rates, a locked down economy, and a wildly volatile stock market. In contrast, our attention today is focused on millions of new jobs being added to payrolls, ever-higher vaccination rates, an economy that is opening up, and one of the strongest one-year stock market returns ... [Continue Reading]
Markets, Values, and Expectations Are in a Much Different Place Now On this day one year ago, the S&P 500 closed at 2,237. 1 Investor pessimism about the ramifications of a global pandemic were at a peak, and it was becoming clearer that this health crisis was going to turn into a severe economic downturn. The S&P 500 closed that day down 33.9% from its all-time high of 3,386, set just a few weeks earlier on February 19. 2 The intensity of this market ... [Continue Reading]