News & Insights

Charitable Contributions from IRA's

by Laurie Barrett on Feb 9, 2022

February 2022- Did you know that, if you are at least 70½ years old, you can make tax-free charitable donations directly from your IRA? By making what's called a qualified charitable distribution (QCD), you can benefit your favorite charity while excluding up to $100,000 annually from gross income. These gifts, also known as "charitable IRA rollovers," would otherwise be taxable IRA distributions. Please read on to learn more and call us so we can help.

Market Recap -- Q4 2021

by Laurie Barrett on Jan 21, 2022

January 2022- Early January is always a time of reflection. A time to look back at decisions made throughout the year and evaluate our performance. Fortunately, despite numerous uncertainties surrounding COVID-19 and the economy, 2021 was an excellent year for portfolios. Equities, led by US large-cap stocks, saw the S&P 500 Index return over 28% and the Dow Jones Industrial Average return nearly 21%. International equities struggled some but still returned almost 8%. Overall, global equities as measured by the MSCI All Country World Index gained 19%. Fixed Income had a very challenging year, falling almost 2% mainly due to rising inflation. Overall, our portfolios handily beat their benchmarks due to four significant decisions we made early and throughout the year.

Market Recap -- Q3 2021

by Laurie Barrett on Oct 26, 2021

October 2021- Despite favorable longer-term economic forecasts, markets took a hiatus during the third quarter. World equities fell 1%, and fixed income saw mostly flat returns. Near-term worries surrounding Chinese debt obligations, central bank tapering, shipping logjams, a debt ceiling standoff in Congress, and weaker than expected third-quarter GDP growth contributed to a 5% equity correction from all-time highs in early September. Portfolios generally performed in line with expectations over the quarter. Fixed income and stock selection continue to perform well, and portfolios have strong year-to-date returns.

SECURE Act Changed IRA and Retirement Plan Inheritance Rules

by Laurie Barrett on Oct 15, 2021

October 2021- At the end of 2019, President Trump signed a federal spending package that included the Setting Every Community Up for Retirement Enhancement (SECURE) Act. A provision in this legislation effectively eliminated the "stretch IRA," an estate-planning strategy that allowed an IRA to continue benefiting from tax-deferred growth, potentially for decades. Most nonspouse beneficiaries, including children and grandchildren, can no longer "stretch" distributions over their lifetimes. Individuals who plan to leave IRA and retirement plan assets to heirs — and individuals who stand to inherit retirement assets — should understand the new rules and distribution options. Please call us if you have questions so we can help.

Net Unrealized Appreciation: The Untold Story

by Laurie Barrett on Sep 28, 2021

September 2021- The current Internal Revenue Code offers less tax saving strategies than earlier versions of 30-40 years ago.  One little known strategy is worth considering if your employer offers a qualified plan allowing you to buy stock in that employer.  The savings can be the difference between the tax rate on your earned income and the tax rate on capital gains. Please read on to learn more and call us if we can help.

Seascape Capital continues to stay plugged into the evolving needs of High-Net-Worth clients

by Laurie Barrett on Sep 13, 2021

September 2021- We were thrilled to attend the Investments & Wealth Institute's collaboration with the University of Chicago Booth School of Business Executive Education for the Wealth Advisor Forum 2021 on the themes of Concentrated Wealth Strategies and Executive Compensation.   We enhanced our knowledge on tax strategies for business owners selling their companies, estate planning techniques, and executive compensation.