Able Wealth Management

President Biden's recent tax reform proposal has sparked discussions about its potential impact on wealthy individuals and their inherited assets. One key aspect of the proposal that has drawn attention is the suggested changes to the "stepped-up basis" loophole. This loophole allows heirs to inherit assets at their current market value rather than the original purchase price, effectively reducing capital gains taxes....

Biden's Proposed Changes to Stepped-Up Basis Explore the controversy around President Biden's tax reform proposal and its suggested changes to the 'stepped-up basis' rule.

The way most people pursue and think about retirement is fundamentally flawed and may lead to a less fulfilling life. What if we reimagined retirement as a life stage filled with purpose, engagement, and personal growth rather than just leisure? Could focusing on our values, passions, and meaningful activities lead to greater fulfillment? By embracing learning, contributing to others, and exploring new opportunities, might we create a more personalized approach to retirement that aligns with our deepest aspirations and brings genuine satisfaction?...

Rethinking Retirement: How Our Obsession with the Future Robs Us of the Present Rethinking retirement: Discover a new perspective for a fulfilling life filled with purpose, engagement, and personal growth.

The upcoming presidential election has stirred up a unique blend of hype, anxiety, and speculation, creating uncertainty for investors. The financial world braces for potential ripples as candidates make bold promises and voter sentiment shifts. We'll examine how presidential elections historically affect the stock market and provide insights to help investors navigate this turbulent period. Investors are particularly concerned about the election's potential impact on the economy and stock market, given the current socio-political polarization that extends beyond electoral politics....

Investing Through Political Turbulence: A Guide for Election Years Navigate the world of investing in times of political uncertainty. Learn strategies for investing through turbulent times.

The S&P 500 hit a new high of over 5,000, just three years since crossing 4,000. Record levels can make some nervous, but investors often become more bullish with continued momentum. Fear can turn into optimism and irrational exuberance. How can investors stay focused and disciplined during this rapid climb? Much larger percentage gains are needed to offset losses...

How Loss Aversion and the Sequence of Returns Impact Investors Discover how loss aversion and sequence of returns impact investing. Learn to manage risks and enhance your portfolio's performance.

This post provides ten principles on the relationship between money and happiness. It explores how our financial choices impact our lives more deeply than we realize, encourages us to question our desire for material possessions, and find genuine happiness by reevaluating what we truly value. Money as a tool, not a status symbol: Utilize money to enhance life quality rather than as a measure of social standing....

Redefining Wealth: Unmasking the True Currency of Happiness Ten principles on money and happiness. It explores how our financial choices impact our lives more deeply than we realize, encourages us to question our desire for material possessions, and find genuine happiness by reevaluating what we truly value.

Over the last six decades, the S&P 500 Index has embodied the resilience and ever-evolving nature of the stock market. Currently, we are witnessing a fascinating chapter in this narrative. Despite robust economic growth and escalating interest rates, the S&P 500 has impressively climbed over 24% to date. This exceptional performance occurs amidst a stable unemployment rate, recorded at 3.7% in November, alongside inflation rates that are beginning to show signs of easing....

Resilience and Dynamics: The S&P 500's Remarkable Journey Over the last six decades, the S&P 500 Index has embodied the resilience and ever-evolving nature of the stock market. Currently, we are witnessing a fascinating chapter in this narrative. Despite robust economic growth and escalating interest rates, the S&P 500 has impressively climbed over 24% to....

Market Resilience and Corporate Earnings This year, the stock market has showcased remarkable resilience, buoyed by an economy performing better than many anticipated. This positive momentum has been a boon for numerous investment portfolios, helping them to bounce back from the challenging bear market phase of the previous year. As investors look ahead, there's growing optimism that this upward trend will bolster corporate earnings, which are traditionally aligned with market trajectories over extended periods....

The Impact of Company Earnings and Dividends on Investment Returns Market Resilience and Corporate Earnings This year, the stock market has showcased remarkable resilience, buoyed by an economy performing better than many anticipated. This positive momentum has been a boon for numerous investment portfolios, helping them to bounce back from the challenging bear mar...

As the year draws to a close, it's time to review your employer benefits! Dive into our latest article where we explore essential end-of-year financial moves.

Take These Steps to Fully Utilize Your Year-End Benefits Review and adjust your benefits. Boost 401(k) savings, check tax withholdings, use FSAs. Secure finances for a confident new year start.

Recently, the market dipped into correction territory, typically characterized as a 10% drop from the previous peak, creating a contradiction with numerous indicators of a robust underlying economy. Since July's end, the S&P 500 has retreated by 10.3% due to factors such as rising interest rates, Fed policy, sluggish growth in China, political uncertainty in Washington, and more. Even at its recent peak, the market hadn't fully rebounded from the previous year's bear market, falling short of its all-time high by 4.3% at 2022's onset....

Decoding the Market Correction: Insights and Implications for Long-Term Investors Discover what the market correction means and why tech stocks have been pivotal in major indices highs and lows.

The Impact of Comparison Culture on financial well-being: Explore how the culture of comparison can lead to a false sense of affluence and increased spending, and discover strategies to maintain your financial objectives.

Breaking the Comparison Culture: Its Effects On Your Financial Health The dangers of comparison culture. Discover how it affects our money management in the hyper-connected era.

📈 As we approach the final quarter of 2023, navigating the financial markets might feel like sailing through choppy waters. 🌊 From increasing interest rates to economic uncertainties, it's easy to get swept away by negativity.

Navigating Financial Markets: How to Stay Optimistic Amid Fourth Quarter Market Volatility Financial Markets in Q4 2023: Reasons for a Balanced Perspective. Uncover the positive developments often overlooked in the investment world.

The psychology of money is often more important than the math of it. The mechanics of money are straightforward. You earn, you spend, you save, you invest. But the psychology behind these actions is what truly makes the difference.

A 4-Step Journey to Financial Freedom Take control of your financial life with a 4-Step Journey to Financial Freedom. Learn the psychology of money and start saving consistently.