Boyd Wealth Management

Big news for Social Security recipients!

The deadline for establishing a new Safe Harbor 401(k) Plan is fast approaching on October 1st. You can read our post to quickly learn: Why a Safe Harbor plan?... The Startup Plan Tax Credit Can I Put Even More Away on a Pre-tax Basis? What is a Defined Benefit Pension Plan? See more

Wishing you fun and laughter over this last official weekend of summer!

What does golf have to do with insurance planning? Just ask Anthony Kim. http://ow.ly/DDzY50FYSaZ

Brian is happy to have contributed to this article from Fox Business. It's understandable that most people aren't that excited to talk about life insurance. But insurance is a very important part of any comprehensive financial plan. If you're wondering how much life insurance to own or what type is right for you, this article is a good start.... Reach out if we can help.

Happy Summer! In our latest post, we summarize economic developments and capital markets performance over the first half of 2021. Topics include inflation, interest rates, the Fed, economic reopening, supply chain distributions, and proposed infrastructure spending.

If you read our post last week, you'll know why this is funny. https://boyd-wealth.com//tiny-bubbles-bitcoin-spacs-and-nf

This might rile up some of the #Bitcoin Bandits http://ow.ly/RdTW50DWw6C

Stocks don't always go up. The average decline during any calendar year over the last 41 years has been 14.3%. However, returns were still positive in 31 of those 41 years. Investing means accepting that normal corrections will always be part of the deal.... Credit: JP Morgan

There’s a lot of talk about trading, meme stocks, crypto, interest rates, inflation. The market is incredibly good at creating noise. Simplify. ... Create a diversified investment plan and stick to it.

Businesses large and small continue their exodus from California to low/zero income tax states. In addition to taxes, businesses are drowning in excess regulation, a lack of homes for the middle class, and a homelessness problem that’s out of control. How can we solve this?

With my portfolio showing a gain in 2020, why might I receive a 1099 tax form showing a capital loss? Read our primer on tax loss harvesting and what it means to you.

Thinking about election and COVID-19 uncertainties? We've got you covered in our "Fall Chart-a-Palooza" and Market Update

Never interrupt compounding unnecessarily. Psychological and behavioral biases may cause investors to make decisions with their portfolio that have a negative impact on their long-term investment success. Learn the origin of these biases, how investors don't always see them in themselves, and the steps you can take to overcome them to achieve better financial outcomes.

Despite a very challenging year, many businesses are realizing record profits. Implementing a Safe Harbor 401k and Profit Sharing Plan paired with a Defined Benefit Pension Plan can give owners a tremendous tax deduction while rewarding employees. Account balances are creditor protected and the SECURE Act provides a tax credit for new plans.

Happy Labor Day!

Rolling out BWM's YouTube Channel. In our first video, we welcome Justin Steingraber, CFA to the team and ask him 3 hard-hitting questions (softballs really.)

Learn everything I know about wealth in just 55 minutes Had a great time on my buddy Norm Schriever's exceptional podcast. We talk about the few simple things you should focus on when investing, creating a plan to pass on more than just your wealth, and how your home really fits into your financial plan.... You can find the podcast in the link, on YouTube, or on any of your favorite podcast apps. Hope you enjoy! Disclosure: I haven’t worn a suit in at least a year.

Good reminder that politics and investing don’t mix. H/T BlackRock #investing #electionyear #stocks #wealthmanagement #politics #sticktotheplan

Is there anywhere I can save above and beyond my 401(k)/IRA on a tax-favored basis? This is a question we hear a lot. Read about one of the most powerful tax-preferenced planning tools available the Health Savings Account (HSA).... http://ow.ly/UWCK50AKzxU

Originally wrote and posted this in February when the US Presidential election was supposed to be the biggest story for markets in 2020. Boy, was that assumption incorrect! There is still an election coming rapidly and emotions are running high, as they usually do. What does this mean for the market? (Hint: not much) Read the facts on how the US stock market has historically performed during election years and under different administrations.

Yes! You can forgo taking your Required Minimum Distribution in 2020. Better still, if you proactively took it earlier in the year, you can repay it before August 31st.

Happy 4th of July!

Always ask these two questions of your financial advisor: 1. Are you legally required to act in my best interest as a fiduciary at all times? 2. How are you compensated if I accept your recommendations?... From the article: "Meanwhile, registered investment advisors fall under the purview of the SEC and must act as fiduciaries to their clients. This is the highest legal duty one party can owe another, and it means the advisor must put the investor’s interest ahead of their own." We're proud to be an SEC registered investment advisor. Reach out if you don't get satisfactory and transparent answers from your advisor.

#truth #fathersday

Happy Father’s Day to all the great Dads!