On Our Minds

Happy (SECURE Act) 2020!

The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, is so new that estate planners and accountants are still learning ways to plan around it to minimize the impact on existing and future clients.

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4th Quarter 2019 Investment Update

Supported by stable interest rates and optimism regarding the China trade negotiations, the S&P 500 Index rose 28.9% and the Nasdaq Index, with its high information technology weighting, rose 33% for the year. Enthusiasm and expectations for a better economy and strengthening earnings grew as the year progressed. Current equity market valuations look historically elevated with an overall 18x expected Price-to-Earnings ratio, but with few attractive investment alternatives, the financial market gains can continue. There is still over $1 trillion in private equity and hedge fund cash ready to be invested, so even a minor correction would be met with supportive technical buying. The rally was concentrated in the Large Cap technology growth stocks with Mid Cap and Small Cap stocks generally up less significantly. Value stocks like financials, consumer staples, energy and utilities – which are not expected to have significant earnings growth – underperformed during the year.

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Is a Loan or Line of Credit Best for My Business?

Selecting the proper loan product for your business depends on what you need the money for and how you intend to pay it back. Here are some quick facts about each product:

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How to Reduce Your Business Expenses

When expenses surpass revenue, some business owners may go into panic mode, restructuring from top to bottom or in the worst case scenario, shutting down. Before taking on such a major task, however, consider small cost-saving methods, such as reducing travel expenses and conserving office supplies.

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Cybersecurity: What You Need to Do

CSI Technologies and Harris Poll recently surveyed 2,000 Americans nationwide about their opinions and fears surrounding cybersecurity as it pertains to their personal financial data. A majority of respondents expressed concerns about their online security online, and 74% said they would be likely to participate in a cybersecurity education or awareness program if their bank offered it.

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“What’s going on in the real estate market?” April 2019

Here is a look at three indicators of the real estate market:

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“What’s going on in the real estate market?” March 2019

There are there three main developments that reinforce that belief:

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Don’t Let Tax Time be Scam Time

The Internal Revenue Service warns taxpayers to be alert to unscrupulous tax return preparers promising inflated tax refunds. This is a common scam tactic during filing season, so be wary if your tax preparer says he or she can get you more money than their competitors or boasts of refunds substantially larger than you have routinely seen.

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