Tax Reform – Two Year-End Moves May Save Taxes

Yesterday, President Trump signed into law the Tax Cut and Jobs Act, which is a sweeping reform of federal income and estate tax law.  The law generally takes effect in 2018. Under the law’s provisions it may be possible for some taxpayers to save federal income tax by accelerating charitable contributions or state income tax… Read more »


2017 Year End Tax Planning Given Uncertain Tax Reform

By Chris A. Miller, CPA/PFS, CFP®, MBA We are writing to address two topics – 1) to give you a very brief overview of federal income and estate tax reform bills pending in the US Congress and 2) to help you think about year-end tax planning now, even given the current uncertainty about tax reform… Read more »


Rising Rates and Bond Fund Performance

By Andrew K. Miller, CFA, CFP® Given that the interest rate on the 10 year US Treasury bond has increased from 1.4% on July 7th 2016 to 2.38% on December 2nd 2016, I thought it would be good to revisit this old blog post on rising rates and bond fund performance: Rising Interest Rates &… Read more »


Will Bonds Diversify Stocks in the Next Crisis?

By Andrew K. Miller, CFA, CFP® Bonds are often viewed as being great diversifiers due to the perception that they perform well during tough times for stocks. Historically this has been a true statement. But will it continue? Our answer: unclear. Most investors use correlation to measure the diversification benefit an investment might provide an existing… Read more »


Improving Withdrawal Rates in a Low Yield World

By Andrew K. Miller, CFA, CFP® I recently submitted an article into the peer reviewed Journal of Financial Planning and was honored to have the article published in the April edition of the Journal of Financial Planning. The article discusses the difficulties in sustaining a 4% withdrawal rate in an environment of low interest rates…. Read more »