Understanding the Federal Gift Tax

The federal gift tax assessment is for large gifts of money or property. However, some considerable gifts aren’t subject to the gift tax. Gift givers may take advantage of the annual exclusion each year and potentially avoid paying any taxes on gifts for amounts below the exclusion. For 2024, the gift tax exclusion is $18,000 per person per year.

Buybacks Are Back

After a brief lull in 2023, buyback activity appears to be back this year. A resilient U.S. economy, easing inflation pressures, and expectations for an eventual shift to interest rate cuts have given corporate America confidence to boost authorized share repurchases.

Treasuries: Who’s Buying and Why it Matters

With the national debt standing at $34.23 trillion and expected to grow, U.S. Treasury sales are the key to paying the carrying costs. Each auction is heavily monitored by fixed income and equity markets alike to see where the yield settles, as higher yields have a more negative effect on the overall economy.

Outlook for U.S. Economy Continues to Brighten

The S&P 500 has eclipsed a key milestone in closing above 5,000. These big round number breakthroughs have historically preceded solid gains over the subsequent six and 12 months, averaging 9% and 10.4%, respectively, going back to when the S&P 500 cleared 100 in 1968. The strong gains this year have left valuations elevated, but with improved prospects for a soft landing and earnings growth, these gains appear mostly justified. Geopolitics and rates remain the key risks and, along with valuations, point to modest gains for stocks over the balance of 2024. Our year-end fair value target for the S&P 500 at 4,950 is under review.

2024 Contribution Limits

Life today is expensive, and contributing to a retirement plan is more beneficial than ever. Recently, the IRS announced it was raising the contribution limit for 401(k)s to $23,000 for 2024, up from $22,500. In a world where pensions are nearly gone, having the ability to put more money away can help you prepare for a retirement that may be here faster than you think.

2024 Key Numbers

The IRS made updates to several key numbers ahead of the 2024 tax season. We have a handy chart that keeps tax reference numbers in one place so that you can easily find them.


IMPORTANT LESSONS FROM 2023 Stocks defied the skeptics in a very unpredictable 2023. The Dow Jones finished at an all-time record high on December 28, and the S&P 500 came within a whisker of a fresh all-time high after the index rallied more than 20% for the year. It wasn’t only stock investors who had … Read more

The Tax Benefits of a Backdoor Roth IRA for High Earners

The Tax Benefits of a Backdoor Roth IRA for High Earners A Backdoor Roth IRA is a strategy that allows individuals who earn too much to directly contribute to a Roth IRA to still contribute to one indirectly. The strategy takes advantage of a loophole in the tax code that allows individuals to convert their … Read more

5 Financial Wellness Myths

5 Financial Wellness Myths Surrounding Near Retirees

When people think of retirement, they often have an image formulated in their minds of what it will be like. The thing about it, the reality might not be what they expected. The internet is full of retirement information; however, not all of it is accurate. Some of it is pure myth. To avoid any … Read more

4 Tax Planning Tips

4 Tax Planning Tips for High-Net-Worth Families

Tax planning might be complex, but it’s also essential—especially for high-net-worth families, where missing tax breaks or failing to optimize income could cost significant dollars, maybe millions, over a lifetime. And even in the short term, with the highest marginal federal tax rate sitting at 37% for 20241 (plus additional state and local taxes), a … Read more