The New Capital Journal: Recent Episodes
Leonard Golub, CFA
Market volatility is back, but history shows it's normal and often followed by strong rebounds. Staying invested is key—missing top days can halve returns. Diversification, risk-aware strategies, and long-term discipline can help investors navigate uncertain times.
Despite recession fears driven by political and economic uncertainty, history shows markets often rebound. In 11 of 12 past U.S. recessions, $1 invested at the start saw gains over three years, averaging 43.2%—similar to long-term market performance.
Moody’s stripped the US of its last perfect credit rating as debt levels surge and fiscal gridlock persists. While short-term market volatility is possible, Treasury bonds remain strong and rising yields may create new opportunities for income-focused investors.
Estate plans can quickly become outdated as life events and tax laws change. Regular reviews help keep your wishes aligned, protect loved ones, and avoid costly mistakes. From updating fiduciaries to including charitable goals, staying current is key to lasting impact.
Trusts offer powerful advantages in estate planning, from avoiding probate and reducing taxes to protecting loved ones and managing complex assets. Whether you own property, have young children, or want more control over your legacy, a Trust can provide lasting peace of mind.
In a surprising 2025 market shift, international equities have outperformed U.S. stocks by 11%, while U.S. growth lags and value gains. Europe benefits from fiscal stimulus and stability, and U.S. value sectors like healthcare present strong opportunities.
With U.S. tariffs now averaging 19%—the highest since 1933—history offers key lessons. Past tariff waves, from McKinley to Smoot-Hawley, often led to higher prices and weaker trade. Today’s tariffs are again pressuring growth, prompting strategic shifts for investors.
Moving from a one-time gift to long-term nonprofit support can amplify your impact. Reflect on your values, assess the organization’s progress, and explore deeper engagement through funding, volunteering, or advocacy to drive lasting change together.
Planning your children’s inheritance is a key part of estate planning. Whether you pass assets after death, through a trust, or while alive, thoughtful timing can ease transitions, reduce taxes, and align with your family’s values and future needs.
Leonard Golub, CFA, President of New Capital Management, shares a Q1 2025 market outlook focused on inflation, tariffs, and shifting policies. He highlights key risks and opportunities and offers practical guidance for navigating today’s uncertain environment.
US stocks ended the first quarter lower after reaching record highs, weighed down by concerns over AI competition, economic uncertainty, and the impact of new tariffs, while international markets outperformed and bonds showed modest gains.
US Treasury yields have fallen this year, reflecting concerns about near-term stagflation, as the Federal Reserve’s March meeting highlighted increased uncertainty about economic growth and a shift towards prioritizing growth risks over inflation.
With major tax changes ahead, now is the time to act on estate planning. Strategies like Roth conversions, lifetime gifting, and charitable donations can help protect wealth and minimize taxes. This article outlines key steps to take before laws change in 2026.
Transferring your home to a trust can impact your insurance coverage. This article explains why it’s essential to update your homeowners policy after the transfer to ensure proper protection and avoid potential claim issues.
A Spousal Lifetime Access Trust (SLAT) lets one spouse transfer assets out of their estate for tax benefits and asset protection, while allowing the other spouse access to the funds. This guide explains how SLATs work, their benefits, risks, and what to consider in your estate plan.
Rolling over funds from employer plans to IRAs requires careful planning. This guide highlights four key steps: confirm eligibility, take RMDs first, check penalty exceptions for those under 59½, and opt for a direct rollover to avoid tax withholding.
At New Capital Management, we are actively monitoring economic and political shifts to make informed, strategic portfolio adjustments. Our goal is to protect your investments while ensuring adaptability in an evolving landscape.
Investing successfully requires discipline and strategy. These six expert-backed tips from Fidelity can help you build a strong portfolio, manage risk, and stay focused on long-term financial goals
Large cap U.S. stocks have pulled back 6% from all-time highs, which on average is seen four times a year. As investors find themselves in the thick of the policy fog, the tug-of-war between growth worries, inflation worries and fiscal concerns is set to continue.
Bitcoin’s growing role in the financial landscape is driven by its potential as a store of value, portfolio diversifier, and hedge against inflation. BlackRock explores why institutional investors are increasingly considering Bitcoin as part of their asset allocation strategies.
Giving appreciated assets as lifetime gifts can offer tax advantages and maximize wealth transfer. Morningstar explores the benefits, potential pitfalls, and key considerations for making the most of this estate planning strategy.
With the 2024 tax filing season underway, it's important to gather all necessary documents before submitting your return. This guide outlines common tax forms, their availability, and what they report to help ensure a smooth and accurate filing process.
Having a will ensures your assets are distributed according to your wishes, protects your loved ones, and simplifies the legal process after your passing. Trust & Will outlines key reasons why everyone should have a will and how it can provide peace of mind for the future.
Given the deep trade ties between North America’s economies, tariffs on imports from Mexico and Canada could significantly reduce GDP and increase inflation in both countries, disrupting supply chains and industries reliant on cross-border commerce.
After an election, many investors try to predict which sectors will thrive under the new administration’s policies. But history suggests that election-driven market bets rarely translate into long-term outperformance.
Leonard Golub, CFA, reviews performance trends, model portfolio updates and diversification techniques for managing political uncertainties. Guest presenter, Oscar Barbadillo of Henley & Partners introduces their services in residency or citizenship by investment.
Given AI’s rapid evolution, DeepSeek’s emergence has disrupted markets by developing a high-performing model at a fraction of the cost of major tech firms. While this challenges assumptions about AI development, it doesn’t fundamentally alter the investment case for U.S. leadership. Investors should stay diversified and consider broader AI beneficiaries.
An advance directive is a broad legal document outlining medical preferences if you're incapacitated, while a living will specifically addresses end-of-life care. An advance directive may also include a medical power of attorney, designating someone to make healthcare decisions for you.
Here is a list of charities and organizations you may want to consider supporting through donations or volunteering to assist with wildfire relief, community recovery, and essential human needs such as housing, food, medical aid, and advocacy.
In any year, planning is necessary to get the most from individual and business income tax laws, and to adapt your financial planning to changes in tax, retirement, investment, education, estate and other thresholds, exemptions, and limitations.
Fidelity’s 2025 outlook highlights the possibility of persistent inflation driven by strong labor markets and housing shortages, fiscal policy volatility creating market uncertainty, and lower-than-average asset returns due to high valuations.
Vanguard's 2025 outlook predicts global monetary easing, moderate U.S. GDP growth, and a gradual decline in inflation. They foresee improved fixed income opportunities due to higher yields and balanced potential for equity returns over the next decade.
Starting in 2025, individuals aged 60-63 will gain access to increased retirement plan catch-up contributions, offering new opportunities for savings, with key changes to Roth contribution rules delayed until 2026.
A new Trump administration could bring changes to Social Security, Medicare, and tax policies, impacting retirement planning, healthcare costs, and financial regulations for retirees.
A charitable bequest allows you to leave a gift to a nonprofit in your will or trust, offering tax benefits and creating a lasting legacy.
As you plan your year end charitable giving, you might evaluate using a qualified charitable distribution (QCD) in place of your required minimum distribution (RMD) from your IRA.
Warren Buffett's November 25, 2024 special letter concerning his own estate planning has received widespread attention for its recommendation that parents communicate openly with their children regarding their plans.
When a loved one dies, they may pass on either valuable property or sentimental possessions to their heirs. A new survey reveals that different factors may contribute to different inheritance preferences.
While it may be premature for the Fed to incorporate tariff implications into monetary policy decisions, current data on resilient growth, healthy labor markets and other factors suggest that the Fed's path may be more gradual and may settle at a higher level than their latest projections indicate.
Explore the highlights from New Capital's 2024 Annual Conference, including insights on market trends, estate planning strategies, and the latest innovations in New Capital’s client services and technology.
This presidential election feels uniquely challenging, but I remain confident in the long-term resilience of the stock market.
Despite lackluster sentiment, Americans have not stopped spending. Consumption is expected to have grown at a solid 3% ann. pace in the third quarter, supporting continued earnings growth for U.S. companies.
John “Mac” McQuown, a founding Director of Dimensional Fund Advisors in 1981, was a financial engineer, entrepreneur, and environmentalist with an insatiable curiosity and relentless drive that led him to start more than a dozen companies in his lifetime.
Documenting improvements in NCM360 can boost cost basis, lower the odds that you’ll owe.
The stock market overcame a spike in volatility in the third quarter, reaching record levels again, as the Fed cut rates for the first time in four years.
Hurricane Helene devastated the southeastern U.S. after making landfall in Florida, leaving many without power or basic needs, and recovery is expected to take years. See how how you can help by donating to relief efforts.
Discover a simplified approach to funding a trust, including how to transfer assets and what to consider for different property types.
Circumventing the Roth IRA MAGI limit is a multistep process that should be started now.
A major data breach at National Public Data has exposed personal information of millions, prompting individuals to freeze credit, set fraud alerts, and monitor accounts to guard against identity theft.
All told, while the U.S. dollar might soften modestly from here, it will soften unevenly against major global currencies.
Technology stocks led the market for much of this year, with AI euphoria in full effect. Recent cracks in the momentum have caused some investors to question whether the enthusiasm has been exhausted.
The IRS created a pretty major rule change about how assets are treated in Irrevocable Trusts for tax purposes.
Adding solar power to your home can save big money long term. Here's how to do the math.
New IRS guidelines provide greater flexibility for surviving spouses in inheriting retirement accounts.
Leonard Golub, CFA, reviews performance trends, model portfolio updates and diversification techniques for managing political uncertainties. Guest presenter, Oscar Barbadillo of Henley & Partners introduces their services in residency or citizenship by investment.
Buyers will determine the commission for their own agents, but the money may or may not come out of their own pockets.
One overlooked but essential aspect of estate planning is a strategy to manage and maintain an estate’s assets if the owner loses cognitive functioning and cannot make sound decisions.
What to know about the impact on investors who own Roth accounts, IRAs, and employer plans.
Many parents hope positive values like kindness, generosity, and empathy are instilled in their child through giving back and volunteering.
While manufacturing activity in the U.S. has largely been in structural decline since the late 1970’s, the makings of a manufacturing renaissance may be starting to emerge.
The city of Houston was struck early in the morning of Monday, July 8 by Hurricane Beryl.
The market rally that began in the second half of 2023 carried over to the first half of 2024, even as inflation fell slightly and the Fed kept rates steady.
This Money Mindfulness Meditation session focused on exploring the concept of Change, recognizing that nothing is static; everything changes every second, including our bodies, minds, age, spirit, relationships, and even our money.
Deysi joined New Capital in June for a summer internship and over the last month she has been introduced to a wide range of services including administration, communications, financial planning, and investment management.
Inheriting a house can be a life-changing event with emotional and financial implications. Understanding your options and obligations is critical, whether you sell it, keep it, or rent it out.
Dimensional’s annual survey of investment performance draws on historical data to look beyond short-term market fluctuations and shed light on the dimensions that explain differences in returns.
On Saturday, May 11, 2024, sixty-five client guests gathered to celebrate the 20th anniversary of New Capital Management, enjoy dinner and drinks, and listen to a talk given by New Capital President and Founder, Leonard M. Golub.
In the last 10 years, markets like Taiwan and India have kept up with the U.S., returning 12.3% and 10.1% respectively, compared to 12.0% for U.S. equities on an annualized basis.
More than 322,000 Fidelity Charitable donors made 2023 our most impactful year to date, granting a record-breaking $11.8 billion to charities around the world.
The IRS has provided guidance on the federal income tax treatment of certain home energy rebates offered by states, with funds provided by the U.S. Department of Energy (DOE).
As of May 28, 2024, settlement cycles on U.S. stocks and other securities has shifted from two business days to one. It may be helpful to understand the basics of this important change.
Leonard reviews Q1 markets and New Capital’s portfolio performance and covers topics such as inflation, the Federal Reserve's independence, bond yields, stock market volatility, valuations, and the impact of AI on technology.
It would likely take an extraordinary change in the data to bring a June cut back on the table, but the Fed’s path thereafter is still to be determined, and remains reliant on how inflation progresses from here.
Certain 529 plan distributions that are directly rolled over to the plan beneficiary’s RothIRA will not be subject to the additional tax.
How to decide if it’s the right time to sign up for Medicare and the costs of late enrollment.
Depending on the type of funeral service you are having, the cost can vary significantly.
It is my pleasure to announce that New Capital has appointed Jaycee Smalley as its Vice President.
This report features world capital market performance and a timeline of events for the past quarter.
If an account is not in the name of the living trust or if the trust is not named as beneficiary on death, probate will be necessary for the beneficiaries to access the account.
What I love is witnessing an arena full of athletes trying their absolute hardest, working together to achieve a common goal.
All things considered; we stick to our base case for three rate reductions this year beginning in June.
New Capital is pleased to announce that Cassandra Moss has successfully completed the requirements for the Professional Administrative Certification of Excellence.
For Europe and Japan, the return of inflation and positive interest rates is a game changer: earnings have improved as a result of higher end-consumer prices.
The flexibility of 529 plans is increasing, providing options for both education saving and retirement planning.
Leonard reviews 2023 markets and performance, looks ahead to 2024 including current valuations, and discusses a variety of other items and issues including New Capital's available responses to election year 2024.
New Capital is pleased to announce that Jaycee Smalley and Fernando Morquecho were married on January 6, 2023.
With geopolitical tensions on the boil, major moves and milestones in markets and a slew of upbeat economic data, January has been a wild ride.
When it comes to parenting, charitable giving can act as a catalyst for instilling kindness, empathy, and the value of philanthropy in the next generation.
Maintaining a disciplined approach to investing is critical to achieving one’s long-term investment goals. We have compiled five key principles for investing in an election year.
I believe that the key to successful investing is to cultivate a long-term perspective, where you think in decades, not days.
A return to sound money. It’s a theme we at Vanguard have been communicating for more than a year, and in 2024 we believe that the greater investing world will come around to its implications.
Global diversification can increase the reliability of outperformance for strategies pursuing higher than market returns.
While some provisions were effective in 2023, many important changes did not take effect until 2024.
Federal tax credits may be available to help offset your cost to purchase certain clean vehicles.
For married couples, a Joint Revocable Trust might be able to offer a sense of confidence that begins the day you both sign.
Time is running out! There are several year-end financial planning opportunities with a December 31st deadline that we would like to remind you of.
We don’t normally think of giving money away as the best way to save money. But those who have reached the age when required minimum distributions (RMDs) must be taken have a nice option to reduce their taxable income.
This is the very best discussion about the relative merits of owning or renting a home.
Performance in developed markets excluding the U.S. has been much less concentrated year-to-date: the top 10 companies in the index are up 13.7%, while the remaining stocks are up 6.7%.
Rather than seeking additional exposure to these mega-cap stocks, investors should ensure their portfolios are broadly diversified to capture the returns of whatever companies ascend to the top in the future
Thank you to all of you who were able to join us for this session of Money Mindfulness Meditation: Generosity.
Thank you to those who attended the 2023 New Capital Annual Conference. We are pleased to share recordings of the presentations and slides.
Historical evidence suggests that interest rates have not been meaningful predictors of stock returns.
While higher yields may make cash appealing, higher cash balances may actually reduce your ability to achieve your long-term investment goals.
While a reacceleration in growth and/or inflation could prompt another rate hike either in December or early next year, short-term bumps in a downward trending economy likely keep the Fed on hold well into 2024.
If you are covered by Medicare, it's time to compare your current coverage with other available options.
Losing a loved one is challenging for a number of reasons, but it can be made even more difficult if you are responsible for navigating the many legal processes associated with probate court.
We are changing the Journal to a monthly publication, enhancing the quality of each individual issue.
This report features world capital market performance and a timeline of events for the past quarter.
Learn how to set up an estate plan workaround to ensure your children can successfully obtain their inheritance.
Investors should evaluate fully representative data rather than falling for the “shiny object” of recent performance.
2023 has seen more office conversion activity – while sometimes this can be easier said than done, it does suggest that there is an evolving opportunity in the office space for investors who can deploy additional capital.
The large investment that we will make in Abby’s college education will not just accrue benefits to Abby and her family, but to society and to the world.
Stock returns are volatile, but nearly a century of bull and bear markets shows that the good times have outshined the bad.
Visualize the world’s top 50 publicly-traded companies by market cap, using data as of Aug. 16, 2023.
As companies grow to become some of the largest firms trading on the US stock market, the returns that push them there can be impressive. But not long after joining the Top 10 largest by market cap, these stocks, on average, lagged the market.
Here are some common mistakes that even experienced investors make and how to avoid them.
Markets are forward-looking and the concerns that played into Fitch’s decision are not new information to most investors.
New Capital offers Guideline’s 401(k) plans to clients for their businesses. If you are interested in exploring a new 401(k) plan for your business or in changing your current 401(k) plan provider, please let us know.
International stocks have been outperforming their U.S. counterparts recently, marking the possibility of a cyclical comeback.
Find out everything you need to know about probate records and what information goes under public record in this guide.
The first half of the year turned out to be better than expected, with Europe dodging recession, China emerging from a multi-year lockdown and a tight U.S. labor market providing a boost to activity.
Many investors may think a market high is a signal stocks are overvalued or have reached a ceiling.
The move by Fitch Ratings to strip the U.S. government of its top-notch AAA credit rating again underscores the long-term challenges we see for the U.S. fiscal outlook.
Sky-high costs and growing skepticism are not the only factors playing into enrollment declines.
EWills are on the rise, making estate planning more accessible and convenient than ever. Learn about the current landscape of eWill legislation and what lies ahead.
The global shipping industry is on the verge of a transformation not seen since the transition from sail to steam.
How to decide if it’s the right time to sign up for Medicare and the costs of late enrollment.
With the passing of the SECURE Act (both 1.0 and 2.0), the use of a See-Through Trust became popular. Learn how this estate planning tool can help you pass your retirement assets to your loved ones, and when it makes sense to use one.
The likely cause for declining oil prices is increased U.S. production, which is expected to reach an all-time high in 2023.
Effective July 25, 2023, Fidelity will increase the limit on mobile check deposits to $500,000.
Over the past 20 year, 92% of Dimensional’s small cap funds outperformed their benchmarks vs. only 30% industry-wide.
Rules of thumb may be too high for affluent retirees with high savings rates, but healthcare costs are a major swing factor.
As daily temperatures rise across the planet, 2023 saw the global average temperature soar to record highs from July 4th - 7th.
The market-friendly number is still above the Fed’s target, and a July interest-rate hike looks likely.
The first half of the year has given investors plenty to process—from banking turmoil to a morphing yield curve to the debt ceiling debate.
The DFA Quarterly Market Review features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets.
Beneath the surface are two market dynamics: the megacap tech stocks, which account for the lion’s share of positive market performance year-to-date, and everything else.
Get updates on our 2023 outlook for growth, inflation, and central bank policies, plus 10-year asset class return forecasts.
The Fed has initiated this rapid series of rate increases, the fastest set of increases since the 1980’s, in an attempt to slow the economy and bring down red-hot inflation.
Our global survey of economic conditions features a look at divergent expectations for the key U.S. interest rate.
Deciding who should be your beneficiary may be a no-brainer for some people. But for others, it might be a bit more difficult.
The announcement made it clear that the committee still needs more compelling evidence that inflation is under control and could very well tighten at least once more this summer.
Falling energy and electricity prices helped disinflation in headline CPI, which rose just 0.1% on the month, while stickiness in shelter, used cars and transportation services kept core inflation steady at 0.4%.
History shows that stocks tend to outpace inflation over time—a valuable reminder for investors concerned about rising prices.
Vanguard's model anticipates that the Fed won't be in a position to cut rates until the middle of 2024.
Generative AI could complement two-thirds of jobs by helping workers complete tasks in less time.
Range anxiety is frequently cited as one of the biggest turnoffs of electric vehicles. ThankfullY, EVs with over 300 miles of range are becoming more common.
Are aware of filial responsibility law? Learn more about filial responsibility and five ways it may affect you.
Despite all the promise of AI, I prefer to accept market prices rather than prices from algorithms.
New Capital has partnered with Medicare BackOffice to help clients navigate Medicare. Here they explain plan options.
New Capital has partnered with Medicare BackOffice to help clients navigate Medicare. Here they share a checklist as you approach Medicare enrollment eligibility.
For Americans planning for retirement, the obvious implication is to save and invest more. Beyond this, it has become increasingly necessary to have some assets outside of traditional 401(k)s and IRAs.
See options on how to handle this large and somewhat unpredictable expense in retirement.
Nursing home costs are exorbitantly expensive. Learn how to protect assets from nursing home costs.
Congratulations to the high school and college Class of 2023! We highly recommend this article to all graduates and their families and hope that it will encourage you to continue your personal and financial growth.
Factor investing has seen increased popularity in the US. Investors may also want to consider increasing their opportunity set by considering factors abroad.
If the US does not renegotiate a new debt ceiling soon, it could have serious negative consequences for the US economy and the global financial system.
The new clean vehicle tax credit may be available to help offset your cost to purchase certain electric, plug-in hybrid, and fuel cell vehicles.
Find out about a little-known do-over strategy to reset your claim and increase your monthly Social Security paycheck by up to 24%.
Contesting a Will can be a long process, but it’s certainly possible. We’ll explain when and how to do it the right way, if ever necessary.
The U.S. reached its debt limit of USD 31.4 trillion on January 19th and has since been relying on funds in the Treasury General Account (TGA) and so-called “extraordinary measures” to fund its obligations.
If your wealth is highly concentrated in any one individual stock, take this opportunity to learn an important lesson: While many people think they know more than other investors, none of us knows more than the market.
The Federal Reserve will be launching its own real-time, instant payments system called the FedNow Service (FedNow).
Dimensional’s annual survey of investment performance draws on historical data to look beyond short-term market fluctuations and shed light on the dimensions that explain differences in returns.
Active mutual funds rarely beat the market over the long-run, bringing to mind the classic investment quote: "Don't look for the needle in the haystack. Just buy the haystack." - Jack Bogle
Picking the right countries, sectors, and securities (and getting the timing right) is virtually impossible to do consistently. That’s where consistent global diversification comes in.
Both Medicare and Social Security — the cornerstones of "America's Safety Net" — face serious fiscal challenges that require Congressional action.
Have you ever thought about where the best place is to retire? Location can make a big impact on your quality of life, and perhaps help your savings go just a bit further.
Traditional IRA contributions after RMD age may make sense, but it depends on your tax situation.
The SECURE 2.0 Act of 2022 is a sweeping set of provisions designed to improve the nation's retirement-planning health. Here is a brief look at some of the tax perks, rule changes, and incentives included in the legislation.
The approach wasn’t a cure-all during last year’s brutal market environment, but it helped buffer some losses.
Much of the “stickiness” that has been ascribed to core services may largely reflect the lingering hangover of supply chain issues, where Fed policy has little impact.
Wondering how the SECURE Act will impact your retirement savings and distributions? Learn how using a See-through Trust may be just the solution you’re looking for.
Probating an original will is easy in Texas. Probating a copy is harder, and for good reason.
If you’re looking for a solution that allows you to exercise equity over equality, consider setting up a Pot Trust.
Together, the US and China make up 55% of the global bond market. This graphic shows the largest bond markets in the world.
The DFA Quarterly Market Review features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets.
If a bank fails, uninsured deposits - funds beyond the $250K insurable limit - are not guaranteed to be protected. Today, there is at least $7 trillion in uninsured bank deposits.
The estate account vs. trust account debate exists for a reason: both financial vehicles have a lot in common. As a result, it may be confusing to know which one suits your needs the best.
The Federal Reserve acknowledged the potential implications of banking turmoil on the economic outlook but highlighted that at this point, it’s uncertain how big that impact will be.
With all the recent headlines about bank failures, we asked Sara Devereux, global head of Vanguard Fixed Income Group, for her perspective on what happened with the banks, how our bond portfolios fared in the market tumult that followed, and how well positioned those portfolios are for future volatility.
The federal income tax filing deadline for individuals is generally Tuesday, April 18, 2023.
Putting aside the obvious implications of the above – namely uncertainty and, in turn, volatility – it would be wise to also consider what this means for the March Federal Open Market Committee (FOMC) meeting.
You have until your tax return due date, excluding extensions, to contribute up to $6,000 for 2022 ($7,000 if you were age 50 or older on December 31, 2022) to all IRAs combined.
Seniors in particular think about marrying with an understandable degree of concern. Here are some steps to take to make relationships easier to navigate and protect your financial future.
Leonard offers his views on the Silicon Valley Bank bankruptcy, the importance of diversification, and how New Capital handles client cash needs.
SVB collapsed after widespread client withdrawals in what could become the second biggest bank failure in U.S. history.
Debates over federal fiscal policy and rising debt levels, along with continued differences in views of government spending priorities, have led to a series of contentious debt limit episodes in recent years.
Included are two articles focusing on the US National Debt: “The Debt Ceiling and Deficit Spending”; and “What is the US National Debt and How Has It Grown Over Time?”
People are naturally concerned about their own lifetime financial experience, but maybe even more about the financial future of the people they’ll leave behind.
Making a decision on what kind of life insurance to get is crucial. Learn the differences between term life and whole life insurance here.
A Simplified Employee Pension (SEP) can enable you to save just as much for retirement as you would be able to save through a more costly and complex 401(k) plan.
Surpassing 300,000 donors, the Fidelity Charitable community continued to prioritize generosity in 2022.
Medicare beneficiaries will see an improved enrollment process, increased vaccine coverage, and more.
The RMD rules are designed to spread out the distribution of your entire interest in an IRA or plan account over your lifetime.
Major earthquakes have occurred since time immemorial, but their observation and impact have not been evenly distributed around the globe.
Investments 101 is New Capital's foundational training session for clients to better understand markets and investments.
Learning all you can about guardianship will help you feel confident in your decisions. In this guide, we’ll cover everything you should know about the importance of guardianship.
Markets had largely expected the uptick, but the underlying components showed a more mixed inflation picture compared to the broad-based declines seen in prior months.
On February 6, a massive 7.8-magnitude earthquake—followed by a series of major aftershocks that included a quake with a magnitude of 7.5—struck southern Turkey and Syria, causing widespread damage and loss of life.
What happens when companies or individuals get hit with bad news? We don’t just sit there and take it—we try to figure out how to get back on track.
Tariffs help keep domestic products competitively priced, but they can also lower economic growth and productivity.
While ongoing increases might suggest two more rate increases, we now expect the Fed to hike rates by 25 basis points at its March meeting and then pause.
The IRS announced that the starting date for when it would accept and process 2022 tax-year returns was Monday, January 23, 2023.
To have a clear view on where inflation may be heading, it is therefore worth understanding how the rental market is faring.
Donors have incredible opportunities to support the powerful work of nonprofits focused on youth mental health.
What exactly is an insurance trust? Is it the same as a life insurance trust? And how do insurance trusts work?
For investors, we anticipate a slowdown in economic growth and inflation should bring bond yields down, but debt ceiling risks, although certainly not our base case, could derail the bond market recovery and foment significant volatility if realized.
Higher bond yields create opportunities to generate more income with less risk in the new year.
Joint property can have unintended consequences to your estate, so it is important to understand the different types.
Why you may want to write an Ethical Will when estate planning and what it may include.
Investment opportunities exist all around the globe, but the randomness of global stock returns makes it exceedingly difficult to figure out which markets are likely to be outperformers.
One in every five deaths in the US is due to cancer, and one in every three people are expected to have cancer in their lifetime.
Prices change based on what’s happening right now and what people think will happen in the future.
Watch a recording of our webinar: Year End Market Review presented by Leonard Golub, CFA.
The DFA 2022 Annual and Q4 Market Reviews feature world capital market performance and a timeline of events for the past year and the past quarter.
Yield curve inversions do not cause a recession; rather they indicate a shift in investor sentiment that may reflect underlying economic weakness.
From groundbreaking discoveries in fields such as astrophysics and genetics, to significant advances in technology and medicine, the past 12 months have seen a wealth of scientific progress.
China’s resumption of normal manufacturing activity should continue to support supply chain normalization, maintaining global inflation on its cooling trend.
A beneficiary’s options depend on the IRA owner’s age at death and the beneficiary’s category.
New Capital’s portfolios performed well with their defensive characteristics, notably their tilts toward value stocks and shorter term bonds, including inflation protected bonds.
Tenancy in common and joint tenancy are both ways of sharing ownership of property. But how do they differ?
SECURE 2.0 will usher in many changes for retirement plans and IRAs over the next several years. This article highlights a sampling of the many changes.
Markets may continue to face choppiness in 2023 as investors navigate potentially declining earnings and rates that stay high for longer than expected.
Time is running out! There are a number of year-end financial planning opportunities with a December 30th deadline that we would like to remind you of.
What has stayed constant throughout my life is the power of people to make progress in the face of challenges.
Dr. David Kelly and Jack Manley, Global Market Strategist, review 2022's turbulent investing landscape and discuss the outlook and opportunities for 2023.
Tax and IRA expert Ed Slott shares tips for earning a tax break on charitable contributions.
The US would need to produce 20-50% more electricity annually if all cars were electric vehicles.
Data Loading is our new complementary service to help our clients get their data, documents, and records into NCM360.
While the 2023 outlook is still uncertain, “less bad” news helps to reduce uncertainty when a lot of negativity has already been priced into multiples and currencies.
Parents and grandparents use 529 education savings plans to help with the cost of college expenses. However, they are also a good tool for estate planning.
In any year, planning is necessary to get the most from individual and business income tax laws, and to adapt your financial planning to changes in tax, retirement, investment, education, estate and other thresholds, exemptions, and limitations.
The Biden administration has announced another extension for repayment of federal student loans to an unspecified date in 2023 due to legal challenges that have blocked implementation of the student loan debt relief program.
Every year—but even more so in tough times—our country’s nonprofit sector plays a crucial role in ameliorating economic hardship. Now more than ever, it is time for those of us who can to step up and support them.
High energy prices will raise the cost of heating for residential households across the country.
As the world moves towards net-zero emissions, sustainable and affordable power sources are urgently needed. One of the most promising technologies, fusion, has attracted the attention from both governments and private companies.
My fear is that faster and easier ways of investing will allow people to lose more money faster and easier.
A minor IRA can be a valuable tool for teaching a variety of financial lessons, from deciding how much to save, to managing taxes and investing.
Vanguard December Market perspectives offers global economic and security returns forecasts.
Liquidity has been evaporating from the Treasury market. Vanguard's active fixed income funds are managing for stability.
The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning.
See how one family learned to be more open when talking about money with their children.
Politics will always be a source of uncertainty for markets, but it’s policy, not politics, that is more influential for the economy and markets in the long run.
New Capital assists our clients with rollovers on a regular basis. Let us know if we can help you.
Dig into a healthy portion of pie charts and Thanksgiving conversation starters from USAFacts
U.S. stocks surged and Treasury yields fell sharply after the core October CPI rose a lower-than-expected 0.3%. We think this is finally an encouraging development on inflation but doesn’t yet change the overall picture.
Some investors may worry about the stock market sinking after a recession is officially announced. But history shows that markets incorporate expectations ahead of economic reports.
While few are predicting a 1970s-style inflation spiral, it’s still worth thinking through how inflation could affect your plan.
If you don’t know who your beneficiaries are, then it’s time for a beneficiary designation check. Even if you think you remember, every now and then, they should be checked.
Most public K-12 teachers hold a master’s degree, but their median pay is nearly $20,000 lower than the median worker with an advanced degree.
Cryptocurrency exchange FTX has filed for bankruptcy as the exchange's finances have unraveled amidst a bank run. What was the state of FTX's finances in its final moments?
Powell suggested that a smaller pace of rate hikes may come as soon as the next meeting, but emphasized that the more important question is how high rates need to go, and for how long.
Inflation is typically hard on retirement savers. As inflation cumulates year over year, an account balance will be losing purchasing power even if it’s still growing.
The more planning done in advance, the more likely your loved ones will know what to do. ?Here are 10 key tips for estate planning for you to consider.
In 2019, the US became both a net exporter and net producer of energy for the first time in over 60 years.
Thank you to those who joined us in person and virtually for the us for the 2022 New Capital Annual Conference. We are pleased to share recordings of the presentations and slides.
Vanguard November Market perspectives offers global economic and security returns forecasts.
Demand for the dollar tends to increase during difficult times as investors seek stability and security. The Federal Reserve's aggressive policy to combat inflation by raising interest rates has driven demand even higher.
Many people put off creating a long-term-care plan. This step-by-step guide can help you get over inertia, dread, or both.
Just like in the early 1980s, central banks are committed to the fight against inflation. However, this time is different. Alternative data reveals insight into the current economic backdrop and what it means for investors.
The Enhancing American Retirement Now Act, has been drafted in the Senate but will have to wait until Congress is back in session in November for further consideration.
Today, markets are facing headwinds due to the impact of capital misallocation to overpriced securities over the last decade.
Profits in sectors with greater operating leverage should be more resilient given elevated inflation over the next few months, but as economic growth begins to slow and inflation cools, we may see investors rotate back into the growthier parts of the market.
A new case out of Tax Court centers on the question of when a “deathbed gift” is complete for federal estate and gift tax purposes.
Just in time for Open Enrollment, 2023 Medicare premiums, deductibles, and other costs have been announced, and surprisingly, some of these costs are lower than they were last year.
Those who decide to establish a trust will need to consider the pros and cons of revocable versus irrevocable trusts.
What are the main characteristics of stagflation, and how is it different from inflation and deflation?
Quarterly Reports are now available on NCM360. Schedule your 15-minute access session to get instructions and a quick tutorial.
The DFA Quarterly Market Review features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets.
Our thoughts continue to be with the Gulf Coast as many experience the impact of Hurricane Ian, a Category 4 storm that recently made landfall.
The Federal Reserve is aggressively raising rates as high inflation continues. How does this compare to other periods of interest rate hikes over the past 35 years?
As always, thank you for your ongoing confidence and trust. It is during bear markets that these two things - confidence and trust - stand out as vital assets.
The 2022 bond market so far has been the worst in history. Do active portfolio managers see hope for fixed income investors anytime soon?
During the September Federal Open Market Committee (FOMC) press conference, Chairman Jerome Powell noted that the Committee would like to see positive real rates across the entire yield curve as one indication that they have reached an appropriate policy stance.
Connecting life principles to investment principles is a powerful way to ground abstract principles in reality, and to connect over universal experiences and feelings.
The FAFSA is a prerequisite for federal student loans, grants, and work-study, and may be required by colleges before they distribute their own institutional aid to students.
Around November 2022, the world will reach a pivotal milestone - 8 billion global population. What is the distribution of this population by region and country?
The short-term outlook for equities remains challenging while high-quality intermediate to long duration core bonds may be the most attractive sectors within fixed income.
The bedrock component of Dimensional’s investment approach is broad diversification, which we think is a great risk control in environments like this.
Thank you to all of you who were able to join us for this session of Money Mindfulness Meditation: Difficulty.
Levels of employment and real personal income are two measures that carry the most weight when a recession is declared.
A mix of stabilizing interest rate differentials between the U.S. and developed markets, combined with more confidence around global growth, is needed.
We now have two of the three ingredients for stagflation—high inflation and low or no economic growth—but we are missing the third, high unemployment.
Although tech and other growth stocks may suffer through more September volatility, the longer-term outlook is more encouraging. The economy is softening, not collapsing, valuations are more interesting and real rates have already adjusted.
New Capital now offers Guideline’s 401(k) plans to clients for their businesses. View Guideline’s “Evolution of the 401(k)”
Worldwide solid waste generation is expected to increase to roughly 3.4 billion tons by 2050. In this graphic we show waste generation worldwide and discuss its impact and how it can be reduced.
Public pension funds from Florida and Texas, two states that have vocally criticized sustainable investing in recent months, have overwhelmingly voted for sustainable-investing practices in the past,
Investors advocating for the superiority of growth firms, such as the FAANGs, are inadvertently making the case for their expected future cash flows to be discounted at a lower level.
The key to weathering market volatility is simple: keep your long-term perspective. For charitably minded individuals, that advice goes one step further: keep giving, but make sure you’re giving strategically.
The Joint Committee on Taxation estimated that about 150 corporations would be subject to a new minimum corporate tax each year.
New Capital investment includes real estate investment trusts in our clients' portfolios. This area of investment has become an important source of capital and income for real estate owners, developers and investors all over the world.
Vanguard September market perspectives offers global economic and security returns forecasts.
The Inflation Reduction Act advances key climate goals on the Administration’s agenda while reducing the deficit over the next decade.
Dividend payments could increase more than expected when this tax goes into effect next year.
As an estate planner, I like life insurance. It provides many benefits in estate planning that are worth considering.
The new plan extends the payment moratorium through the end of the year, offers partial debt cancellation, and includes proposed updates to the Public Service Loan Forgiveness program and a new income-based repayment plan.
Clients now have the ability to upload documents to the NCM360 client information system.
With the 2022 elections coming up in November, the process of registering to vote and casting a ballot can vary widely from state to state.
In honor of Black Philanthropy Month, we want to celebrate and support the impactful efforts of Black philanthropists and Black-led nonprofit organizations in our region.
In 2021, the U.S. government spent $6.8 trillion on various expenditures and government-aided programs. Where was this money spent, and how much was covered by taxpayers’ dollars?
On August 23, 2012 a momentous event occurred at New Capital Management: Anna Catherine Stiles started her first day at work here.
The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative minimum tax, and an excise tax on certain corporate stock buybacks. Additional funding is also provided to the IRS.
The Inflation Reduction Act expands eligibility for federal tax credits for electric vehicle owners.
Energy is the pulse of modern daily life, and how it is produced and used is changing rapidly.
Investors are often tempted to focus their attention on firms that appear poised to benefit from innovation. But it’s difficult to predict which ideas will prove successful, and even if we could, it’s unclear which firms will benefit and to what extent.
Roth conversions have been a hot topic lately. Are they a tool for retirement income planning, or a tax revenue tool for Congress? As it turns out, they’re both.
A Living Will and a Do Not Resuscitate Order, known as a DNR, are very different documents, however, many people confuse the two. They both address end of life issues but are used in different settings.
When it comes to investing, it’s crucial to remember the difference between news and opinion, and how they are sometimes used to forecast the future.
New Capital has partnered with Medicare BackOffice to help clients navigate Medicare. Here they share 3 Tips to Help You Cut Rx Costs.
The current situation is unusual, and there is little consensus among economists as to whether a recession has begun or may be coming soon.
Guardianship often is necessary when an elderly individual loses legal capacity due to dementia, Alzheimer’s or other conditions leading to cognitive decline. In that case a guardian would need to be appointed to manage their assets.
Five cases this summer re-examined immigration policy, environmental regulations, abortion rights, the separation of church and state, and gun safety.
Despite conflict and looming stagflation, the global economy will hit an impressive new milestone, reaching $104 trillion, according tot he latest IMF projections for end of year.
A basic guide to the potential tax implications (and advantages) of donating to charity.
This article discusses the systematic and important ways in which Dimensional Fund Advisors manages cash flows in and out of mutual funds held by New Capital’s clients.
Despite the benefits we receive when information flows freely, there are a number of broken systems and negative externalities. Acknowledging these shortcomings is the first step to solving them.
The tragic war in Ukraine has led to an indiscriminate sell-off in European equities. While headlines weigh on sentiment, the 1Q earnings season was strong for Europe.
Recent extreme market volatility can afford you the chance to redeploy your capital in order to help achieve your long-term financial goals. Here are four reasons to embrace global investing.
The IRS has increased the optional standard mileage rates for computing the deductible costs of operating an automobile for business, medical, and moving expense purposes for the last half of 2022.
Quarterly Reports are now available on NCM360. Schedule your 15-minute access session to get instructions and a quick tutorial.
Fidelity is now asking that a trusted contact(s) be added to your accounts who they may reach in the event they are unable to get in touch with you, or if they are concerned about your health, well-being, or welfare.
As a general rule, estate planning documents should be kept together in a fire and waterproof container in a location known to and accessible by fiduciaries, and copies of some documents should be given to the fiduciaries in advance.
How a temporary freeze by a lending platform called Celsius left bitcoin investors out in the cold.
The potentially smoother journey that diversification offers may be less entertaining on the way up, but it generally makes for a better experience than leaving investment goals to chance.
The goalposts of wealth are always shifting due to inflation and other factors. We’ve visualized several money milestones to give you a better idea of what it really takes to be wealthy in America.
Looking ahead, we recognize that recession risk has risen. That said, it seems premature to make a call that we are already in recession today.
Inflation has hit record highs and shows no sign of abating, which lowers both spending and savings rates. If wages or investment returns can’t meet or exceed inflation levels, personal savings rates will decline which could cause people to delay retirement.
Social Security isn't in danger of going broke — it's financed primarily through payroll taxes — but its financial health is declining, and benefits may eventually be reduced unless Congress acts.
Income inequality and wealth disparity have been frequent topics of conversation. Now, rising inflation and interest rates, and a possible recession on the horizon are bringing these societal divides into sharp focus.
During times of extreme market volatility and economic distress, maintaining your long-term perspective can be challenging.
Assets can be distributed at death in several ways, such as with a beneficiary designation, through a jointly held account, by probate, or a trust. Each method of transfer has advantages as well as important considerations.
As a global society, we still have a long way to go before we reach gender equality around the world.
New Capital now offers Guideline’s 401(k) plans to clients for their businesses. View Guideline’s “What You Need To Know About a 401(k)”
Just two years removed from the last US recession, negative stock returns and aggressive US Federal Reserve interest rate hikes have many investors concerned we are headed for another big “R”—if we’re not already there.
Rules of thumb may be too high for affluent retirees with high savings rates, but healthcare costs are a major swing factor.
Here's a look at the four main components that influence the cost of gasoline in the United States, according to data from EIA.
Interest rates on federal student loans are set to increase for the 2022-2023 school year by more than 1%, the second straight year of increases.
Company earnings remain solid, but earnings multiples have contracted substantially in 2022.
For the past several years, tech stock gains drove the market to new heights, but when their share values began to plunge, they dragged the broader stock indexes down with them.
It seems some investors have resigned themselves to a new normal of high inflation. However, financial market data tells a different story.
As bank reserves decline to levels that may restrict bank activity, markets will likely signal the Fed may need to change course.
The world economy continues to grow, and is expected to soar past $100 trillion this year. By 2035, the world's GDP will double, and China is likely to become the largest economy by 2030.
Thank you to all of you who were able to join us on the first Money Mindfulness Meditation: Elements.
With Pontera’s secure account management platform, New Capital can manage your employment retirement accounts right along with your other advisor-managed accounts.
A broad market index tracking data since 1926 in the US shows that stocks have tended to deliver positive returns over one-year, three-year, and fve-year periods following steep declines.
Historically, the US has been dependent on foreign sources for its energy needs, making the economy susceptible to geopolitical supply disruptions. However, the global shift towards cleaner energy sources offers new opportunity to build an energy-independent America.
Please join us for our first Zoom-based session of New Capital’s new client program, Money Mindfulness Meditation (MMM).
With multiple interest rate hikes on the horizon, some bond investors may be feeling concerned. This infographic debunks three common myths about bonds during rising rate environments and explains why they may be beneficial.
Soaring inflation. Rising rates. Market volatility. What are strategies for responding not only to the rocky, recent past quarter, but also to the prospect of a rising-rates environment over the next cycle?
In this environment, prospective homebuyers, renters who must renew a lease, or anyone looking for a new place to live could find themselves between a rock and a hard place.
Against the backdrop of war, humanitarian crisis, and economic hardship, it’s natural to wonder what effect these world events will have on our long-term investment performance. While these challenges certainly warrant our attention and deep concern, they don’t have to be a reason to panic about markets when you’re focused on long-term investing.
New Capital works with Strata Trust to provide our clients with self-directed IRA custody.
In addition to raising its key interest rate target by half a percentage point on May 4, the Fed has said it will start to shrink its balance sheet, another step in post-pandemic policy normalization.
While the U.S. does import millions of weapons each year, a large amount of firearms sold in the country were produced domestically. Let’s dig into the data behind the multi-billion dollar gun manufacturing industry in America.
Studies suggest that a majority of adults do not have an estate plan of any kind, even a will. What happens when those people die?
Please join us for our first Zoom-based session of New Capital’s new client program, Money Mindfulness Meditation (MMM).
From nearby Copenhagen, the Danish economist deconstructs Europe’s worst conflict since World War II and the implications for economies and markets now and in the future.
Many investors end up holding large concentrated positions in single stocks, whether as the result of employee compensation or a handsomely rewarded stock selection. This can lead to one of the most well-known cautionary tales in finance: tragic declines in wealth from losses in single securities.
Dimensional’s annual survey of investment performance draws on historical data to look beyond short-term market fluctuations and shed light on the dimensions that explain differences in returns.
Cryptocurrency has a low correlation with traditional asset classes, but correlations often spike during down markets.
Many people have life insurance, and they have it for a multitude of reasons. Proceeds can help cover funeral costs, liquidity in an estate, paying off taxes and more.
The world seems to be in a constant state of “unprecedented,” and the philanthropic sector is no different. Three key themes surface in this year’s Giving Report.
The next few months will be a key period to reveal the future direction of inflation and monetary policy.
Some investors may worry that rising interest rates will decrease equity valuations and therefore lead to relatively poor equity market performance. However, historically, equity returns in the US have been positive on average following hikes in the fed funds rate.
We expect 0.50% increases at the June and July meeting, and for further 0.25% increases thereafter, suggesting a year end Fed funds target range of 2.50-2.75%.
In a matter of two years, the Ukraine war, supply chain shocks, and COVID-19 have led inflation to multi-decade highs.
Three factors will determine whether central banks can navigate a soft landing of continued growth with prices rising at acceptable levels, or whether they miss an uncomfortably short runway.
Watch a recording of our webinar: First Quarter Update & Market Review presented by Leonard Golub, CFA.
With the conflict in Ukraine, we may still see more volatility and fear impact markets, but in terms of investor portfolios, the message is perhaps bland, but comfortingly so. Stay the course with a diversified portfolio and keep a long-term perspective, however difficult that may be.
We often talk about different estate planning vehicles and about what types of provisions and powers should be including in your estate plan. Let’s talk about what you shouldn’t put in your will, or at least, not without a lot of thought and care.
The global economy is facing complex struggles, including inflation and the war in Ukraine. Against this backdrop, many countries are projected to rise interest rates over the course of 2022. Here's an early snapshot of global interest rates this year.
The RMD 10-year rule substantially reduces the ability of most nonspouse beneficiaries to stretch distributions from an inherited defined contribution plan or IRA after the death of the original owner.
The proposed rule would help public companies come to terms with their climate-related risks and focus their attention on how they are going to manage them.
The U.S. Department of Education recently announced a record sixth extension for federal student loan repayment, interest, and collections, through August 31, 2022.
Wind power makes up 8.4% of America's electricity generation, and is the country's largest renewable source of energy. Here's a look at how states compare in terms of utility-scale wind generation.
Our conversion to our new portfolio reporting system, Orion, is complete and Q1 2022 Quarterly Reports are now available on NCM360.
There’s no strong evidence that dividend stocks have delivered superior inflation-adjusted performance during periods of high inflation or rising interest rates.
The personal social security statement has been redesigned for the first time. The new design is shorter, uses visual elements and include fact sheets tailored to a person's age and earning history.
Investors ought to think beyond just EVs to the ecosystem around them for opportunities. This includes batteries, EV chargers, and electrification of the energy grid.
A majority of the world’s wealth is concentrated in just a few countries. In fact, almost a third of household wealth is held by Americans, while China’s population accounts for nearly a fifth.
Vanguard has emphasized for months that markets have underestimated just how high the Federal Reserve might need to raise its key interest rate target to quell inflation.
The March employment report contained a host of figures pointing to the strength of the U.S. labor market.
The effects of deforestation on the climate are already being seen and felt, and these repercussions are expected to increase with time.
Russia and Ukraine account for only about 2% of global gross domestic product, but high energy prices and supply shocks caused by the war could have a far-reaching impact on a global economy that has not fully recovered from the pandemic.
If you receive equity awards as part of your compensation, there’s a strategy you can use year-round that can potentially minimize your taxes from a high-income year, reduce overconcentration of company stock in your portfolio, and, best of all, give back to the causes that matter most to you.
Rising interest rates should not affect the return on a bond you hold to maturity, but may affect the price of a bond you want to sell on the secondary market before it reaches maturity.
While tax scams are especially prevalent during tax season, they can take place anytime during the year.
American drivers are experiencing pain at the pumps as U.S gas prices skyrocket to record highs. How much worse will it get?
French develops a flexible and comprehensive framework for portfolio design using the global average of all investors and the global portfolio of all stocks, bonds, and other financial assets as reference points.
When Russian activities threaten U.S. interests, economic sanctions are often deployed as a deterrent.
We run down the taxes, penalties, and other risks of using retirement assets for a home purchase.
The federal income tax filing deadline for individuals is generally Monday, April 18, 2022. If you're not able to file your federal income tax return by the April due date, you can file for an extension by the April due date.
Against the backdrop of inflation, the monetary policy response of the US Federal Reserve has become the center of attention for many US and global fixed-income investors.
There is a current legal trend to avoid using legal terms and to make the language of law accessible for clients. However, there are some terms that are unavoidable, and it helps to be familiar with them when considering your estate planning.
Any disruption of Russian oil exports would have a significant effect on global supplies and drive prices higher.
Ukraine's international trade amounted to 65% of its GDP in 2020, with the country's fertile black chernozem soil supporting a strong agricultural industry.
Young Russians, just like young Ukrainians, and young Americans, hunger for a world that is more just and more peaceful. May we all work to bring it about as soon as possible.
Volatility may stay elevated for a bit longer, as investors look for confirmation that the new equilibrium between Russia and the West does not involve a disruption to commodity supply.
The United States and European allies have agreed to remove selected Russian banks from the SWIFT global banking network.
When we examine major geopolitical events over the past 60 years, we found that while equity markets often reacted negatively to the initial news, geopolitical sell-offs were typically short-lived and returns over the following 6- and 12-month periods were largely in line with long-term average returns.
The US promised more than half a billion in aid to Ukraine in 2020. About 40% of it was for the military.
Review historical maps from three specific eras to build context for how the USSR was structured, which modern countries were a part of this sprawling country, and how its history relates to Russia’s present day pushes for territorial expansion.
Watch a recording of our webinar: Ukraine, Russia & Markets presented by Leonard Golub, CFA.
Charity Navigator presents this list of highly-rated nonprofits engaged in relief and recovery efforts in Ukraine and the surrounding region.
Plant-based alternatives are exploding in popularity. This infographic sheds light on why the global plant-based market is expected to go from a novelty to a new normal within the next decade.
The same trust that we carefully hold with regard to your invested wealth, we also hold with regard to your wealth of information.
One-third of New Capital clients have Fidelity Charitable Donor Advised Funds, representing over $1.4 million dollars. In 2021, New Capital clients contributed over $225k into their DAF accounts and recommended over $380k in charitable donations.
Trusts are versatile, you can accomplish incapacity planning, probate avoidance, tax planning, asset protection and more with trusts. However, sometimes people make mistakes with living trusts, and it doesn’t create all of the benefits intended.
In a world of inflation, investors sitting on cash need to step into the ring and fight. And simple math shows why stocks can be a basic fighting tool.
How much does it cost to launch a spacecraft into orbit? A lot less than it used to, thanks to innovation by SpaceX. Here's a look at the cost per kilogram for space launches across the glove since 1960.
Has tax season become a frustrating paper chase? These tactics can buy you some relief.
You have made the decision to target the size, value, and profitability premiums in equities, which is great, but it is only a great starting point. There are many questions to consider when incorporating these premiums into real-world asset allocations.
The inflation rate in the U.S. has surged, reaching 7% year-over-year in December 2021. This marks the highest level in 40 years. In this graphic, we look back at historical inflation—and where experts think it may be headed next.
COVID-19 may have kicked off a severe labor shortage, but longer-term demographic trends are partly to blame for this highly unusual job market.
Despite the various proposals to lower federal transfer tax exemptions and increase the tax rates, none of them were enacted in 2021. This means that the exemptions have increased for inflation in 2022, giving you another chance to locking in the advantageous rates and exemptions.
On Saturday, January 29, 2022, New Capital Management moved into Suite 275 at 3355 West Alabama, a 14-story office tower owned and managed by Granite Properties.
Investors must recognize that 2022 will likely continue to be a bumpy ride. As a result, prudent sector and security selection through active management will be more critical than in recent memory.
For years, the country's infrastructure - critical structures and facilities like roads, power supplies, and internet access - has been in poor condition. Now, the government is pledging nearly $550B in new investments.
The IRS announced that the starting date for when it would accept and process 2021 tax-year returns was Monday, January 24, 2022. The IRS encourages taxpayers seeking a tax refund to file their tax return as soon as possible.
Please join us in welcoming Casey Moss to New Capital Management. Casey will be assuming the Administrative Coordinator position.
Over time, the inevitable market valleys have given way to higher peaks. It's why we continue to invest for long-term goals, such as retirement. And it should be our goals that govern our approach to investing.
In November, Congress passed the Infrastructure Investment and Jobs Act that reauthorized existing programs and provided more than $550 billion in new funding to help upgrade aging U.S. transportation, water, power generation, and communication systems.
Retirement spending varies from person to person, based on factors like your health, outstanding expenses, and desired lifestyle. In this graphic we show the expected annual retirement spending of Americans.
Estate planning attorneys are often asked if a particular asset will be included in an estate. When you die, your estate is defined in different ways for different planning purposes.
If you have not already done so, schedule your NCM360 access session to log in to the system and see where you can view and/or download your reports.
It was a year that showed, again, the difficulty of making investment decisions based on predictions of where markets will go, as well as the enduring benefits of diversification and flexibility.
This holiday calls on us to remember and honor the achievements of Dr. Martin Luther King, Jr.
Just four countries—the U.S., China, Japan, and Germany—make up over half of the world’s economic output by gross domestic product (GDP) in nominal terms. In this visualization we look at GDP by country in 2021.
The Fed's current plan is aimed at slowing inflation by returning to a more neutral monetary policy.
Schedule your 15-minute access session to get your access instructions and a quick tutorial on the NCM360 system.
A circular economy is centered on the idea of resources being kept as long as possible within the economic system, where materials that have undergone an entire lifecycle are returned to the economic system as an input.
From addressing the challenges of inflation and all-time market highs to ESG investing and GameStop, here is a look at some of the best original pieces published by Dimensional this year around some of the industry’s hottest topics.
Climate change will affect insurance rates, the areas where we choose to live and even how we build and renovate our homes.
You cannot be forced to accept an inheritance you don’t want, however, what happens to the inheritance after you reject, or “disclaim” it depends on a number of things.
The Fed's current plan is aimed at slowing inflation by returning to a more neutral monetary policy.
Confronting climate change could cost up to $50 trillion in the next two decades. Green bonds are debt instruments that can bridge the financing gap by providing a fixed income to investors while making a positive environmental impact.
Time is running out! The following topics were discussed on our Year-End Planning webinar last week. If any of these are of interest, please let us know as soon as possible.
Watch a recording of our webinar: Year End Market Review & Planning presented by Leonard Golub, CFA, and Jaycee Smalley, CFP®
If 2021 taught us anything, it’s that things can change at the drop of the hat. Amidst all this uncertainty, how many of the highlighted predictions came to fruition, and which ones didn’t pan out exactly as expected?
Medicare premiums, deductibles, and coinsurance amounts change annually. Here's a look at some of the costs that will apply in 2022.
Federal Reserve officials are closing out 2021 with a hard pivot toward a more-aggressive pace of interest-rate increases next year in response to a strengthening job market and unexpectedly stubborn inflation pressures.
Schedule your 15-minute access session to get your access instructions and a quick tutorial on the NCM360 system.
Although the amount you can contribute to IRAs remains the same in 2022, other key numbers will increase, including how much you can contribute to a work-based retirement plan and the phaseout thresholds for IRA deductibility and Roth contributions.
The investing world was abuzz with potential changes to taxes laid out in President Biden’s multi-trillion-dollar spending plan. Here’s a quick summary of where the latest proposals stand.
More people are flying, and being unruly, compared to the first year of the pandemic. Here’s how that impacts on-time arrivals.
Charitable giving feels good. So does reducing your tax bill. The CARES Act provides an opportunity to do more of both in 2021.
In 2020, the amount of human-made mass exceeded for the first time the weight of all global living biomass. This infographic breaks down the composition of all human-made materials and the rate of their production.
While monetary policy normalization is beginning, it will unfold gradually over time, with rates moving from low levels. This is unlikely to pose a threat to global reflation, supporting global equities.
Vanguard December market perspectives offers global economic and security returns forecasts.
Over the past decade, average tuition, fees, room, and board costs have increased 11% at public colleges and 14% at private colleges over and above general inflation.
The impact of missing just a few of the market’s best days can be profound, as shown by this animated look at a hypothetical investment in the stocks that make up the S&P 500 Index.
The Social Security Administration has announced a 5.9% cost-of-living adjustment for 2022 - the largest increase since 1983.
Retailers have warned consumers that product shortages and shipping delays will continue — and perhaps worsen later in the season.
We still expect long nominal rates to gradually move higher in the months ahead driven by real yields realigning with above-trend real economic activity.
Watch a recording of our webinar: Top Investment Myths Busted, presented by Apollo Lupescu of Dimensional Fund Advisors
GivingTuesday is a global generosity movement that inspires hundreds of millions of people to give, collaborate and celebrate the power of giving.
Every year there may be activity from within mutual funds that result in a distribution of capital gains to shareholders. Our Investment Partners have provided calculators that can provide early estimates of these distributions.
The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning.
A deep dive into what ETFs are and how they’re constructed & traded, across the many types of ETFs that exist today.
The active-share score excels at description; it neatly distinguishes between funds that hug their benchmarks and those that do not. Beyond that, one should not ask.
Tesla has reigned over the EV market. But competitors are stepping up efforts to unseat Elon Musk's company as the dominant electric car maker, according to projections from EV Volumes.
When you’re building portfolios and evaluating performance, it’s easy to think in terms of pre-tax returns. But in reality, it’s the after-tax returns that matter for taxable investors.
Over time, currency loses value and it doesn’t have as much purchasing power as it once did. In other words, whatever a dollar can buy is reduced over time.
The popularity of cryptocurrency is on the rise, particularly among the philanthropic Millennial generation—and the trend could make serious waves in the charitable sector.
The last two years have made it clear that this old rivalry—Suburbs vs. Cities—is still very much a thing, especially when it comes to housing.
Enjoy this list of the wealthiest historical figures, but keep in mind that the list of the richest people in history may change depending on who you ask!
Potential Tax Law Changes Under the Biden Administration with Kevin Horner of Galligan & Manning and Jason Sharp of Briggs & Veselka. What’s New at New Capital with Leonard Golub, Catherine Bahr & Jaycee Smalley.
When making year-end charitable donations, to be eligible for a tax deduction, Fidelity Charitable recommends initiating your donation early.
Vanguard October Market Perspectives offers global economic and security returns forecasts.
With accommodative monetary and fiscal policies expected to remain in place for some time, could inflation at rates we've seen in 2021 persist in 2022 and beyond?
Given the stakes, it is unlikely that Congress will allow the government to default, but the road to raising the debt ceiling is unclear.
One of your insurance options could be a better fit for your family and might even help reduce your overall health-care costs.
While higher inflation and a recent slowdown in economic growth have stoked stagflation fears amongst investors, we continue to expect inflation to tame in the coming months.
Financial journalists periodically stoke investors’ record-high anxiety by suggesting the laws of physics apply to financial markets—that what goes up must come down.
The psychedelics market has exploded in recent years, presenting new opportunities for investors as it continues to grow and evolve.
Among the many provisions in the multi-trillion-dollar legislative package being debated in Congress is a provision that would eliminate a strategy that allows high-income investors to pursue tax-free retirement income.
Buying a second home is a dream for many homeowners, one that can be made into reality by leveraging existing equity, paying a higher down payment and reaching out to a trusted lender who can guide them through the process.
The orbits in which satellites travel constitute a limited natural resource because there is a finite amount of space becoming increasingly crowded with satellites and space junk.
Medicare beneficiaries can make new choices and pick plans that work best for them during the annual Medicare Open Enrollment Period.
Tuning out the noise remains important, but so does occasionally reassessing investment strategies to ensure that they rest upon reasonable expectations.
While we often overlook the presence of these raw materials, they are an essential part of the modern economy. But obtaining these materials can be a complex process that involves mining, refining, and then converting them into usable forms.
Social Security is not in danger of collapsing, but the clock is ticking on the program's ability to pay full benefits.
The path for further gains in risk assets looks to have narrowed after a long run higher, but BlackRock reaffirms its tactical pro-risk stance.
On September 30, 2021, Congress averted a potential federal government shutdown by passing a continuing resolution to provide funding for government operations through December 3, 2021.
Register to attend this exclusive discussion with Sal Khan, co-founder, Khan Academy; Wendy Kopp, co-founder and CEO, Teach for All/Teach for America; and Geoffrey Canada, president, Harlem Children’s Zone; focused on our education system in a post-COVID world.
Green energy was once a niche segment of the wider energy industry, but it’s quickly becoming an essential energy source in many regions and nations across the globe.
As we monitor progression through the legislative process, here are some highlights from the previously released proposed provisions worth noting.
Whether you’ve been investing for decades or are just getting started, at some point on your investment journey you’ll likely ask yourself some of these questions.
The U.S. Bureau of Labor Statistics predicts that 11.9 million new jobs will be created from 2020 to 2030 - a growth rate of 7.7%. See the fastest growing and fastest declining jobs—and how much they pay.
There are many more advantages to the college savings programs than simple tax benefits.
Nine months since the first COVID-19 vaccine was approved, more than 120 million Americans have not yet received one dose.
I write to you toward the end of a splendid “trip of a lifetime” with my closest old friends…
As tapering moves to the forefront of policy discussions, you should understand the mechanics of quantitative easing (QE), how money is created and flows into the financial system, and the impact it’s having on financial markets.
From the gasoline in our cars to the plastic in countless everyday items, crude oil is an essential raw material that shows up everywhere in our lives.
Financial services are undergoing a digital transformation of their own, driven by technological innovations in several key areas.
For Americans and people watching around the world, September 11, 2001, is a day that will never be forgotten.
Capital gains tax is one of the most overlooked expenses you’ll need to pay on a real estate transaction.
Prices are so high that some buyers are backing off, but demand remains strong and will outstrip housing supply for the foreseeable future.
Investors in green bonds should consider the potential trade-offs between investing for environmental impact and investing for return and capital preservation.
Our planet supports over 8.7 million species. To truly appreciate the scale of this incredible diversity, view this breakdown of the composition of the living world in terms of biomass.
It's worthwhile to think through some of the softer, nonfinancial issues that could arise in your later years.
Some homeowners claim mortgage interest deductions to pay less in income tax each year. Is this a viable option for you?
Despite taking some important steps to advance, the legislation still has a ways to go and will have to overcome more hurdles.
Here is a list of charities and organizations you may want to consider for donation or volunteering to help with aid, refugee resettlement, and other basic human needs.
The biggest problem with powers of attorney is not the lack of one, but having one without sufficient powers or provisions.
How does Afghanistan’s unique landscape influence population patterns? How does its geography influence the economy and relationships with neighboring nations?
Every 10 years, the U.S. Census Bureau releases its final count of the U.S. population. This video looks at some key takeaways from the 2020 Census.
The state of the global economy at midyear still very much depends on the course of COVID-19, especially considering differences in vaccination rates and varied levels of fiscal support.
On the morning of August 14, a 7.2 magnitude earthquake struck Haiti, causing widespread destruction. Currently, critical needs include medical help, food and water and shelter.
2021 has already been marked by a series of extreme and catastrophic weather events, prompting policy makers to focus on more resilient infrastructure and investments to mitigate climate change, which has meaningfully exacerbated extreme weather events.
As the push to decarbonize starts to kick into gear in the U.S., how do coal plant closures factor into the equation?
There have been four student loan payment pauses since the start of the pandemic. The latest pause extends repayment obligations for federal student loan borrowers to January 31, 2022.
A look at headlines from the past 50 years shows the difficulty of timing markets around inflation expectations. Investors may be better served sticking to a long-term plan.
All of us can improve the odds of a longer, more healthful life simply by avoiding the health mistakes that people tend to make after age 50.
For many people, the Earth as they know it is heavily informed by the Mercator projection—a tool used for nautical navigation that eventually became the world’s most widely recognized map.
Many people put off creating a long-term-care plan. This step-by-step guide can help you get over inertia, dread, or both.
Tax incentives may help you to give more than you could otherwise and provide even more resources to causes you care about.
While raw cognitive abilities matter, it’s how you use and harness those abilities that really makes the difference.
The executive order targets industries in which heavy market concentration is believed to be driving up prices.
Medicare is a federal health insurance program, serving people 65 and older, younger disabled patients, and dialysis patients. Medicaid is an assistance program, serving low-income people regardless of age.
Where things go from here will continue to depend on the trajectory of earnings – investors should use profits as a guide when positioning equity portfolios for a post-pandemic world.
Governments around the world are making the pledge to achieve net-zero emissions. Undoubtedly, the utility sector will play a critical role in transforming these goals into reality.
As life emerges from the pandemic to a "new normal," a mid-year financial checkup may be more important than ever this year.
How we as the most powerful species on our planet approach environmental concerns is now front and center in the summer of 2021.
Macroeconomic indicators signal that the global economy is rebounding faster than many had expected from its sharpest contraction in modern history.
The largest contributing sectors by market cap are Technology and Consumer Discretionary, together representing 52% of the top 100 firms.
After more than four years of international negotiations, 132 countries recently agreed to a new plan to reform international tax laws.
US consumer prices were up by 5.4% for the year ending June 2021, the largest annual increase since August 2008. Naturally, inflation is at the center of attention for many US investors.
You have more home improvement loan options than you probably realize, so let’s take a look at the different ways to finance your next renovation project.
Between April 2020 and April 2021, the price of an average home increased 16%, the largest single-year increase since at least 1992.
In early 2020, economies were at the end of an 11-year bull market. Fast-forward one year, and the world has faced tectonic shifts in society, markets, and government policy.
Please join us in welcoming Janelle Saunders to New Capital Management. Janelle will be assuming the Administrative Coordinator position.
In high- (or low-) tax years, retirees may have reason to flout the rules of thumb on withdrawal sequencing.
If you pay attention to financial news, you are probably seeing a lot of discussion about inflation, which has reared its head in the U.S. economy after being mostly dormant for the last decade.
While major ransomware syndicates focus on more lucrative targets, plenty of cybercriminals prey on individual consumers.
While the US energy mix is still dominated by fossil fuels, there are signs of a steady shift to renewable energy over the past decade.
I truly believe that it is these words, and this philosophy, which sit at the heart of what we at New Capital try to help our clients achieve - the hope of life, liberty, and happiness - and that your own life represents your own assertion of these vital things.
In light of the economic headwinds triggered by the COVID-19 pandemic, how is national debt expected to grow from now through 2050?
For high net worth individuals, the surest way to leave behind a smaller legacy is to ignore gift and estate tax planning.
A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities.
After two years of decreases, interest rates on federal student loans are set to increase almost a full percentage point for the 2021-2022 school year.
Creating a plan for your healthcare can give you the peace of mind that, even in the worst of situations, your loved ones will know what you wanted to occur clearly and be able to go forward in following your wishes.
An additional 6,398 mental health providers are needed to fill the gaps. In some states, over 80% of the population lives in a mental health professional shortage area.
From the bronze age to the iron age, metals have defined eras of human history. If our current era had to be defined similarly, it would undoubtedly be known as the steel age.
We continue to expect yields will grind higher through the end of the year and strong economic growth accompanied by still relatively accommodative monetary policy will provide support to equity markets.
We find that central bank policy rates and interest rates more broadly are likely to rise, but only modestly, in the next several years.
You can save some assets for a spouse and qualify for Medicaid using strategies from an Elder Law or Medicaid Planning Attorney.
Visualize the world’s biggest businesses by market capitalization, as well as the countries and sectors they are from.
The majority of workers, young and old, are at least somewhat confident in their retirement preparations.
Meet the 2021 New Capital Summer Intern, Ashley Yen. She summarizes and reviews several interesting economic infographics from Visual Capitalist.
Dimensional Founder David Booth talked with Nobel laureate Eugene Fama about inflation and how investors should think about it in their portfolios.
Recycling efforts in the US gained popularity in the 1970s. Data shows the rate of recycling has flattened in recent years.
Due to a variety of market-based factors, interest rates remain near historically low levels, providing a refi-friendly environment for those who’ve yet to get in on the act.
Not every family can afford to give their children an advance on their inheritance, but for those who can, there are some things to consider.
As countries around the world relax their COVID-19 restrictions, signaling a return to normalcy for the global economy, government debt is likely to remain a controversial issue.
Some supply constraints may ease in the coming months, but other problems could take longer to resolve.
If you’re overweight U.S. stocks, you’re not exactly putting all of your eggs in one basket, but you’re definitely loading one up dangerously close to the brim.
Globalization, interconnectedness and ready access to information already have impacted the ways in which donors think about the world’s greatest challenges and how to address them.
Sustainable investing may have started in equities, but it's now expanding into a variety of specialized asset classes - including municipal bonds.
The March 2021 federal stimulus bill added almost $22 billion in housing assistance to the $25 billion previously allocated by Congress.
Inflation expectations can have a self-fulfilling nature; as individuals and businesses expect to pay higher prices, they expect to be paid more themselves.
Israel has been one of the top aid recipients for decades. Most of that aid goes to its military.
The current state of low mortgage rates has made house hunters ready to pounce on almost any home that comes on the market, and that’s driving up prices.
Looking at history, most high-income countries went through a similar linear journey. Beginning with agriculture-based economies, then periods of rapid industrialization, and finally became service-based economies.
Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement.
With state and local fundamentals well supported by direct and indirect federal aid and a rapidly improving economy, rich valuation across the municipal bond market are likely to persist.
Over the last year, the price of lumber increase 377%. Fluctuations in its price can significantly affect the housing industry and in turn, influence the broader U.S. economy.
Advance directives are a legal document that expresses a person’s decisions related to end-of-life care.
The American Families Plan includes $1.8 trillion in proposed investments and tax credits for American families and children over a period of 10 years, as well as tax increases for those who earn more than $400,000 annually.
The somewhat earlier-than-expected direct payments alongside a continued strong pace of vaccinations point to the U.S. economy growing above the 5% we had previously anticipated in the first quarter.
Expectations about a firm’s prospects are reflected in its current stock price. Positive news might lead to additional price appreciation, but those unexpected changes are not predictable.
In March 2021, the Consumer Price Index for All Urban Consumers rose 0.6%, the largest one-month increase since August 2012.
No matter what kind of estate plan you use, your plan can be undone by some common mistakes when making beneficiary designations.
Underlying causes include business pressures, investor expectations, and research habits.
Understand how the new stimulus package may impact your charitable contributions in the 2021 tax year.
An Energy Efficient Mortgage (EEM) can be used both to purchase or to refinance a home that is already certified as energy-efficient, as well as to finance the upgrades required to make a home energy efficient.
In its April 2021 report, the International Monetary Fund (IMF) projected a strong recovery in 2021 and 2022 thanks to ongoing fiscal support, vaccine rollouts, and a general adaptation to pandemic life.
Between 2000 and 2019, the price the average college student paid for tuition, fees, and room and board increased 59%.
Although the U.S.’s commitment to battling climate change has wavered in recent years, the new administration’s infrastructure proposal, the American Jobs Plan, bears a distinct shade of green.
In a green recovery, it is projected that nine million jobs per year will be created or saved over the next three years, along with 1.1% added in global economic growth annually.
The American Rescue Plan Act of 2021 makes substantial, temporary improvements to the child tax credit for 2021, which may increase the amount you might receive.
In honor of Earth Day, April 22nd, explore recent statistics on our environment and climate.
We believe on average, that across sectors, industries, and regions, the world will continue to grow, innovate, and change.
This Q1 Market Review features world capital market performance and a timeline of events for the past quarter.
The following article was originally published on March 12, 2009 and republished today, April 14, 2021, on the date of Bernard Madoff’s death.
This graphic outlines some key takeaways from Biden’s budget proposal plan and highlights how funds could be allocated in the next fiscal year.
Powers of Attorney (POAs) are excellent and often overlooked estate planning documents.
We can’t control crises, but we can control our response to them. You want to be prepared to deal with the unexpected before it happens. Not when you’re stuck in the middle of it.
For individuals with an estate plan in place, the introduction of new legislation gives cause for concern that it may impact their estate plan.
Many of the official government statistics used to gauge the health of the U.S. economy are backward looking and somewhat delayed.
US coal usage has declined since 2007. Coal production and employment are also falling.
In response to client questions about 2020 tax documents, as a reminder, IRA owners who rolled back RMD distributions will receive two documents for 2020 tax filings.
The Fed outlined changes to its monetary policy framework that suggests it won’t raise its benchmark federal funds rate target until at least 2023.
The House is expected to vote on a pair of immigration bills a month after the unveiling of a wide-ranging package — addressing topics including visas and border security — backed by President Joe Biden.
Despite the financial challenges experienced by Americans as a result of the coronavirus pandemic, U.S. credit-card debt dropped to record levels in 2020.
Dimensional Fund Advisors is among the first in its industry to have its worldwide operations certified Climate Neutral by leading climate solutions provider South Pole.
Although the female participation rate had begun to improve prior to the pandemic, the early stages of COVID-19 saw participation rates decline for women more than men.
The relief applies automatically to all taxpayers and no additional forms need to be filed to qualify for the relief.
When a Medicaid recipient passes away, the Medicaid Estate Recovery program is allowed to pursue assets from the estate. However, there are many options to protect assets from Medicaid recovery.
Despite the pandemic’s effects on the economy, the total wealth of American households has grown.
The IRS has extended the tax filing deadline to June 15, 2021 for residents of TX due to February winter storms.
As the impacts of climate change have become better understood, so too has the drive for more sustainable sources of energy around the globe.
“How will we pay for this?” is the global policymaker’s multitrillion-dollar effort to prop up economies and markets against the monumental threat of the COVID-19 pandemic.
Last year’s swift bear market revealed that “clients working with RIAs tend to sell less and buy more” when markets tumble, according to a new academic paper.
There are more than double the number of women serving in the current session than at the end of the 20th century.
To help investors understand the difference between a stock’s price versus its value, we highlight the following key distinctions.
According to legal scholar and Harvard University professor Cass Sunstein, the social cost of carbon (SCC) is “the most important number you’ve never heard of.”
Immigrants who have time-limited permission to live and work in the United States under Temporary Protected Status (TPS) could be granted a pathway to citizenship.
Here are five things the data says about COVID-19 as March begins, including stimulus spending patterns and a decline in nursing home cases.
Stocks can be gifted as part of an estate plan and benefit the inheritor if they appreciate in value.
According to the Federal Trade Commission (FTC), consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 2019.
Extraordinary circumstances inspired extraordinary generosity in 2020, leading Fidelity Charitable donors to recommend 2 million grants totaling $9.1 billion.
In the wake of Winter Storm Uri blackouts, our Texas clients may wish to consider outsourcing their energy contract procurement and management.
Families with concerns about a child’s marriage are often interested in protecting money from a child’s divorce.
Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2020.
The stock market was closed last Monday in honor of Presidents' Day. Equities were mixed on the first day of trading last Tuesday.
If you’re not the type of person who feels comfortable betting your life savings on a long shot, the good news is that you don’t have to find the next big stock to win in the stock market.
The US Constitution requires that the president annually address Congress on the "state of the union." USAFacts analyzed decades of State of the Union addresses to find the most-covered issues.
The stock market capitalization-to-GDP ratio, now commonly known as the Buffett Indicator, compares the size of the stock market to that of the economy. A high ratio indicates an overvalued market—and as of February 11, 2021, the ratio has reached all-time highs.
Increasing prospects that a massive fiscal stimulus bill is around the corner helped drive stocks to record highs last Monday.
Since early November, when vaccine trial results were first announced, international has actually outperformed the U.S. by 3.9 percentage points, and we believe this is only the beginning of the rotation.
IRS forms 8283 are now available at Fidelity Charitable for those who contributed $500 or more of publicly traded securities for the 2020 calendar year.
At the heart of this story are two very different sets of investors: professional managers of multibillion-dollar hedge funds and a small army of individual investors connected through social media
Stocks had their best day in several weeks last Monday, recovering some of the losses following the prior week's sell-off.
IRA owners who rolled back RMD distributions will receive two documents for 2020 tax filings.
Wealthy nations may lead the world in innovation, but middle-income countries like China and India shine brighter every year.
The IRS has announced that the federal income tax filing season for tax year 2020 returns begins on Friday, February 12, 2021. Last-minute changes to tax law have already been included in IRS tax forms and instructions.
Equities were mixed to begin last week. The Global Dow (-0.6%), the Russell 2000 (-0.3%), and the Dow (-0.1%) lost value.
In the past few years, no head of a major U.S. financial institution has been more outspoken about the need for sustainable reform of corporate financial practices than Laurence Fink of BlackRock, one of New Capital's major business partners. Here in 2021, Fink's newest letter is well worth reading to understand the direction that capital and the world is heading.
There are over 510 million square kilometers of area on the surface of Earth. This visualization ranks the world’s countries by their share of Earth’s surface.
While individuals often think about who would receive their assets when they die, they do not always think about the medical care they want if they cannot speak for themselves.
In December, Congress passed the Consolidated Appropriations Act, which includes several provisions related to education, including many changes to financial aid.
The markets were closed last Monday in observance of Martin Luther King, Jr., Day. However, stocks enjoyed a good start to the week last Tuesday as equities rebounded from the prior Friday's sell-off.
We love to help you discover what you love to do, how to do it, when to do it, with whom to do it, and how to finance it.
A look inside the data reveals that a change may be on the horizon and a globally diversified equity allocation may be rewarded in the coming years.
A $1.9 trillion COVID-19 relief plan. Expanding civil rights and environmental protections. Here are the facts to understand the goals of the new administration.
Last Monday, the major benchmark indexes pulled back from record highs reached the prior week. Tech stocks took the biggest hit, dragging the Nasdaq down by 1.3%.
Over the past year, we made the decision to gradually convert away from blend funds, and we have now begun that process.
We would like to formally introduce you to Egan O’Keefe, and welcome her to the team as New Capital’s Administrative Assistant.
Americans increased spending on groceries and home goods this year, while spending away from the home fell.
Compassion is about empathy, care and concern for your fellow humans, about feeling the suffering of others in your local and global community and wanting to relieve it.
How much of your savings can you withdraw each year? Withdraw too much and you run the risk of running out of money. Withdraw too little and you may miss out on a more comfortable retirement lifestyle.
Last Monday, stocks began the new year down on worries over the Georgia runoff elections, a surge in COVID-19 cases, and evidence that a new strain of the virus has entered the country.
As 2021 begins, I am optimistic about the year ahead despite the evident challenges in front of all of us.
The year 2020 proved to be one of the most tumultuous in modern history, marked by a number of developments that were historically unprecedented.
Making predictions is a tricky business at the best of times, but especially so after a year of upheaval. Even so, that didn’t stop people from trying their hand at reading the crystal ball.
Occasionally clients are hesitant to utilize trusts in their estate plan because they “just have a simple estate” or believe they need substantial assets to warrant a trust.
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. Major relief provisions are summarized here, as well as some additional tax provisions.
Stocks jumped to record highs last Monday after President Trump signed a pandemic relief package into law.
These five big forces are likely to determine the shape of the recovery and portfolio returns in 2021.
For most businesses around the world, 2020 was a year of difficulties, lost business, and economic hardship. For Big Tech, it was a boon.
Americans increased spending on groceries and home goods this year, while spending away from the home fell.
The pandemic, the fight for racial justice, and the presidential election demonstrate the importance of weighing in with capital to create positive societal change.
How many COVID-19 vaccines has each country bought? Visualize the confirmed number of doses purchased by country and income level.
The bipartisan $900 billion COVID-19 relief bill passed Monday night.While lots of information is out there on the specific provisions, what is most important for you to know?
Here's a look at recent changes in consumer behavior, the state of the retail industry, and what these trends could mean for the broader U.S. economy.
Watch a recording of our webinar: Year-End Planning, 2020 In Review & A Look Ahead at 2021
Here are some things to consider as you weigh potential tax moves between now and the end of the year.
The Nasdaq opened the week by reaching a new high last Monday after climbing for the ninth straight day.
As 2020 comes to a close, my hope is that we are emerging from a dark and cold tunnel into the warm light.
Transferring your house to your children while you’re alive may avoid probate, but gifting a home also can mean a tax bill or could effect long term care benefits.
New Capital stands ready to help you and your family members draft your own family mission statement. Let us know how we can help you.
As the school year continues amid a third wave of COVID-19 cases, the role of teachers has taken center stage. But who are teachers?
Join us for a discussion of year-end tax and financial planning strategies as well as a discussion of potential tax effects from a change in political power in the federal government. We will also review 2020 investments and preview 2021.
For investors that can stomach potential risks, small cap stocks may offer opportunities for meaningful upside, particularly as the economic recovery strengthens in 2021.
The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning.
As we look back on a historic year, we trace the notable events of 2020, along with growth forecasts for the year ahead.
In April 2020, the U.S. economy lost an astonishing 20.8 million jobs, by far the largest loss recorded in a single month dating back to 1939.
Last Monday saw stocks advance following encouraging news in the development of yet another COVID-19 vaccine.
Some topics are unavoidable at Thanksgiving, but there’s no avoiding the facts! Use this guide to ground dinner discussions in data.
For many charities, a steady supply of individuals willing to give their most valuable resource—time—is critical for their basic operations.
Last week began with more good news on another COVID-19 vaccine, sparking a rally in domestic and global stocks.
New entrants into the field of systematic investing must look for ways to differentiate themselves.
Medicare premiums, deductibles, and coinsurance amounts change annually. Here's a look at some of the costs that will apply in 2021 if you're enrolled in Original Medicare Part A and Part B.
Over the past few decades, the variety of life on Earth has decreased significantly. Here's a look at some of the major threats to the world's biodiversity, and the impact each threat has has globally.
Stocks soared to record highs last Monday following an announcement from a major pharmaceutical company of positive data on a COVID-19 vaccine.
Energy stocks surged on Nov. 9 following Pfizer's announcement of favorable phase 3 data on its COVID-19 vaccine.
The latest case focuses on the individual mandate, but the entire ACA could be affected by the court’s decision.
In a few decades, greenhouse gases have risen at unprecedented rates as a result of global growth and resource consumption.
The College Board publishes average cost figures, which are based on a survey of approximately 4,000 colleges across the country.