Private Client Newsletter
With the New Year comes new beginnings, new goals, new challenges, new friendships, and new opportunities. 2021 was an incredible year for the economy and investors, but to us the future remains bright for 2022 and beyond.
Let’s take a look back at 2021. Our economy is on track for over 5% growth for the year, which could end up being the best year for economic growth since the early 1980s. The dual tailwinds of fiscal stimulus and monetary policy helped steady the economy as it dealt with historic supply shortages, record inflation, employment shortages, and the pandemic. Looking to 2022, as the U.S. economy moves to more mid-cycle, 4.0-4.5% gross domestic product (GDP) growth is quite likely. This isn’t as strong as 2021, but would still be much better than recent years.
Important Tax Dates
As tax season approaches, we understand the importance of knowing when to expect all the documents you will need to file your taxes accurately and on time.Consolidated Tax Statements (1099) are mailed by our broker-dealer LPL beginning at the end of January.
January 21st - LPL will begin issuing statements to accounts not subject to income reclassification.
February 11th - LPL will begin issuing statement for accounts with income subject to reclassification.
March 4th - Statements will be issued for accounts with Income from OID, WHMT, WHFIT and REMIC securities.
Your statement will be available in Account View on the same date it is issued and mailed. See the images below for where to access your tax documents.
Please contact us if you need assistance accessing your tax documents. We're happy to help!
CPA Integration Announcement
We are now offering seamless coordination with your CPA. Utilizing our enterprise Box file sharing solution, we are happy to create a shared folder between our firm, yourself, and your CPA.
Email firstname.lastname@example.org to get set up.
Financial Planning Tip of the Month
Maxing Out Your Yearly IRA Contribution
If you do one thing with your financial plan on an annual basis, we would recommend maxing out your IRA. Depending on your income and tax filing status, it may make sense to fund a Traditional or Roth IRA.
Schedule a consultation with us to develop an IRA maxing or backdoor Roth strategy.