Insights

/Insights/

Tax Numbers for 2024

The IRS has released its annual inflation adjusted tax numbers for 2024. Below we have highlighted some of the most relevant updates for tax brackets, retirement contributions, and estate and gifting limits, as compared to 2023 figures. Individual Income Taxes Income Tax Brackets – Single Tax Filer 2024 2023 10% Up to $11,600 Up to [...]

By |2024-05-10T15:44:42-05:00January 19th, 2024|Financial Planning|

2024 Market and Investment Outlook

As we entered 2023, we asked ourselves; “What could go right?” After a tough year for stocks, bonds, and growth assets in 2022, it was important to start looking for opportunities. The S&P 500 ended 2023 up 26.3%, while the Bloomberg US Aggregate Bond Index ended the year up 5.5%. This was a dramatic positive [...]

By |2024-05-10T15:45:28-05:00January 19th, 2024|Financial Planning, Investment|

2023 Market and Investment Outlook

The S&P 500 closed 2022 down 18%, in sharp contrast to some very favorable market returns in prior years. At the close of 2021, the S&P 500 was up an astounding 26% annually, or 100% cumulatively, over the last three calendar years (2019, 2020, and 2021). While these returns were celebrated, they were then followed [...]

By |2024-05-10T15:46:26-05:00January 13th, 2023|Investment, Markets, Retirement|

Tax Numbers for 2023

The IRS has released its annual inflation adjusted tax numbers for 2023. Below we have highlighted some of the most relevant updates for tax brackets, retirement contributions, and estate and gifting limits, as compared to 2022 figures. Individual Income Taxes Income Tax Brackets – Single Tax Filer 2023 2022 10% Up to $11,000 Up to [...]

By |2024-05-10T15:47:04-05:00October 27th, 2022|Financial Planning, Retirement|

Do You Need a Revocable Trust?

There are two basic estate planning tools to direct the distribution of your assets after death. The most basic option is to use a will that details the disposition of your property. Assets held in joint tenancy or accounts naming a beneficiary will not be controlled by a will, but other accounts, property, and personal [...]

By |2024-05-10T15:47:41-05:00July 1st, 2022|Financial Planning|

Roth Conversion as an Estate Planning Tool

A Roth conversion allows an investor to convert a portion of a pre-tax Individual Retirement Account (IRA) into a Roth IRA. Income taxes are due on the conversion amount. However, all future growth in that account is tax free. In addition to Roth conversions with IRAs, some 401(k) plans allow for after-tax contributions inside the [...]

By |2024-05-10T15:48:14-05:00January 14th, 2022|Financial Planning|

Tax Numbers For 2022

The IRS has released its annual inflation adjusted tax numbers for 2022. Below we have highlighted some of the most relevant updates for tax brackets, retirement contributions, and estate and gifting limits, as compared to 2021 figures. Individual Income Taxes Income Tax Brackets – Single Tax Filer 2022 2021 10% Up to $10,275 Up to $9,950 [...]

By |2024-05-10T15:49:47-05:00December 16th, 2021|Financial Planning, Retirement|

CMH Supports Swim With a Mission

Each year, CMH Wealth supports a non-profit doing important work in the area. For 2021, we were proud to support Swim With A Mission, Inc. through their K9 With a Mission Veterans Day Campaign.  The campaign raised money to support two local organizations: Operation Delta Dog and Hero Pups. These organizations match trained dogs with [...]

By |2021-12-14T15:48:13-05:00December 10th, 2021|Charitable|

Tipping the Balance of Power in Asia

In the early 1970’s, China and the United States seemed like an unlikely match. No formal communication or diplomatic ties had existed for 25 years. Henry Kissinger laid the groundwork for formal ties with a series of secret meetings in 1971. Richard Nixon then formally ended the public silence with a historic visit to China [...]

By |2024-05-10T15:50:50-05:00January 19th, 2021|Markets|
Load More Posts