07/08/2020
The evidence here is pretty clear here, making the argument that their removal is "erasing history" nonsense. Most in the post-Reconstruction, 1910s-20s, and pre-Civil rights era.
Confederate Statues Were Never Really About Preserving History
In total, at least 830 Confederate monuments have been constructed across the U.S. Most were not built immediately after the Civil War. They were installed decades later, mostly in Southern states, when disenfranchised Black Americans’ civil rights were aggressively under attack.
07/04/2020
The extra $600 weekly UI benefits has not only helped families make ends meet, it’s been part of what’s supported our economy. Particularly if surges continue, a re-extension (or similar) is critical.
The extra $600 Americans get in weekly unemployment benefits ends next month — how lawmakers are proposing to replace it
Extending the extra $600 could create a disincentive to return to work, some lawmakers say.
07/03/2020
Reminder that on top of RMDs being waived for 2020 (including from inherited IRAs), the IRS will now allow you to return them through 08/31/2020. From
New IRS Announcement Allows Return of 2020 RMDs | Wealthspire Advisors
The IRS recently issued a notice to taxpayers: they can unwind any required minimum distributions from their retirement accounts already taken in 2020.
07/03/2020
Great piece about gold from . Well worth the read. Can be additive to a portfolio, but have to be prepared for LONG periods of draw-downs. See the risk/return chart below -
Why is Gold Valuable? – Of Dollars And Data https://buff.ly/3eLFjTP
07/02/2020
Yes - please! But then there's this which means it probably won't happen until 2053.. "The car-free bridge is estimated to cost $100 million."
There could be a bike and pedestrian only bridge coming to NYC
This spring, as the pandemic brought the city to a halt, subway and bus ridership dropped, Lyft and Uber banned their cheaper ride sharing option to encourage s
07/02/2020
Change is slow but seems more people are (finally) listening.
With a pen stroke, Mississippi drops Confederate-themed flag
Republican Gov. Tate Reeves signed the historic bill Tuesday at the Governor’s Mansion, immediately removing official status for the 126-year-old banner that has been a source of division for generations.
07/01/2020
Done at the LAST. POSSIBLE. MINUTE. but good news nonetheless.
Coronavirus: Senate passes surprise extension of application deadline for PPP loans
The Senate passed an extension for the Paycheck Protection Program to August 8 by unanimous consent Tuesday night.
07/01/2020
Potentially concerning but as we often discuss with clients:
(1) Stock market does not = economy in the short term
(2) The time to re-evaluate comfort with risk is now
(3) It's very hard to time correctly if you're thinking of making big portfolio changes.
Fed Chair Powell warns of economic fallout from a 'second outbreak'
Fed Chairman Jerome Powell told Congress Tuesday that failure to properly contain the spread of COVID-19 will set back the recovery.
06/28/2020
Lot of positives and flexibility that remote work can bring.
Remember though that employers could (some will?) re-evaluate salaries based on location
How a remote work boom will affect salaries, jobs, and where people live
Facebook has said it would "localize" salaries if people elect to leave their big city bases. But HR consulting firm Mercer says that it's typically a rare thing to lower a salary. In a post-Covid landscape, however, this could change.
06/27/2020
BIG NEWS and potential tax help/savings.
“The Internal Revenue Service issued a notice Tuesday that people who took required distributions from retirement accounts this year can put the money back.”
IRS Provides Relief for Retirees on Required Distributions
The Internal Revenue Service issued a notice that people who took required distributions from retirement accounts this year can put the money back.
06/26/2020
Confused about how recent law changes impact your estate plan? How about the interaction of the laws of your state of residence? Clients often come to us asking for clarity here. and have some of those answers and more.
Estate Planning in Light of Tax Reform | Wealthspire Advisors
How does tax reform affect my estate planning? This post will help you unpack some of the estate and gift tax provisions of the 2017 Tax Reform Act.
06/26/2020
Proud of the progress has made so far since the uneasy days of March. Kudos to for following the data and his leadership.
Everything You Need To Know About Phase 2 Of Reopening NYC
It's a new New York, and here's what you can expect.