May 29 is 529 College Savings Day—a day to raise awareness about the value of planning and saving for higher education expenses with 529 plans. With that in mind, we have some insights and reminders for you about this important savings vehicle. Education expenses represent one of the largest financial commitments that people make in their lifetime. Pairing that with earnings potential derived from education, it is also one of the most important purchases that many people will make. In ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
Ben Franklin famously penned, “in this world nothing can be said to be certain, except death and taxes.” I would venture to guess that if he were around today, he would allow me to include stock market volatility as a third item on that list. But fortunately, unlike the other two examples, market volatility is typically short-lived and doesn’t have to be a permanent impediment to future success. In fact, sudden changes in prices to reflect newly available information is normal and ... [Continue Reading]
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]
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]