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Passing Shots

The Fifth Set Blog

Six Quick Thoughts on the Coronavirus Market Meltdown

As I sit to write this post, the Dow Jones Industrial Average is down just less than 1,000 points.  Concerns around the impact of the Coronavirus on both human lives and economic growth is dragging down global equity markets.  Investors are understandably concerned about what  …read more »

Four Strategies for Managing the SALT Deduction Cap

For those who live in states with high income tax rates like New York or New Jersey, you may have been impacted by the 2017 Tax Cuts and Jobs Act which limited the State and Local Tax (SALT) deduction to $10,000. Following are four strategies  …read more »

Long-Term Equity Returns – A Reasonable Expectation

As we begin the new decade, I thought this would be a good time to consider what a reasonable long-term equity return expectation might look like. While not particularly helpful for short-term strategies, setting long-term expectations has several benefits for investors including: Long-term planning –  …read more »

The SECURE Act – Congress passes significant new retirement plan legislation

In the final session of 2019, Congress passed and the President signed, the SECURE Act (The Setting Every Community Up for Retirement Enhancement Act), a significant piece of legislation that contains several important updates and changes for investors.  Among the most significant are the following:  …read more »

Getting to Know the Fifth Set Credentials – The Enrolled Agent (EA)

When an individual or business needs a tax professional, the credential most typically sought out is the certified public accountant (CPA). However, there is another, albeit less well-known designation, that also represents tax practitioner professionals authorized by the US Department of the Treasury: Enrolled Agent  …read more »

IPOs – High Profiles, Low Returns – Following the Evidence

One of the benefits derived from the evidence-based investment approach is the systematic avoidance of underperforming investment strategies.  Media narratives and marketing drive many of these strategies, that while they might help increase advertising sales and commissions, do little to help investors develop successful investment  …read more »

Five Last Minute Year-End Tax Tips for 2019

With the holiday season approaching and the end of 2019 right around the corner, we would like to highlight five last minute tax tips.  You have until the end of the year to tackle these tasks which can help maximize your tax benefits and improve  …read more »

Seven Bullet Points to Address Investor Client Standard of Care

The financial advice industry has long been separated between 1) Registered Investment Advisor firms (RIAs), which operate under the Investment Advisers Act of 1940 and whose representatives’ duty is to deliver investment advice, and 2) Broker-Dealers, whose representatives are in the business of selling financial  …read more »

U.S. News & World Report: Ian Post on “7 Ways Millennials Are Becoming Great Investors”

Read Ian’s comments in a recent U.S. News & World Report article that looks at what we can learn from the way Millennials invest… Millennials know to start saving early. The best thing you can do for your investments is start early. “Through compounding and  …read more »

Investors Are Usually Wrong

In a recent New York Times article, Jeff Sommer, discussed the implications of new data from Dalbar, a research firm that studies the behavior of mutual fund investors.  Their latest research shows that over the past 10 years, stock investors under-performed the S&P 500 by  …read more »