I am starting a new tradition here at our firm, where I start the year off with a mutual re-commitment to a set of guiding principles that I have seen work well through 20 years of market ups and downs, followed by my Current Observations as it relates to the economy and your financial plan. …

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The holidays mark an opportunity for lots of reflection. On a personal level, we all get to spend time with family and friends discussing this past year, while looking forward to another year and what we want to achieve. Here at David Adams Wealth Group, our investment committee is taking this time of year to…

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This past Sunday marked a most significant anniversary in the economic and financial history of the United States, and I could not let it pass without comment. When properly appreciated, it can serve as an importantly teachable moment. For it was a quarter century ago, on the night of Thursday, December 5, 1996, that the…

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Towards the end of each year and around the holidays, we frequently are having conversations with clients about what to do with cash. A lot of individuals get Christmas bonuses or their annual bonuses are always paid out towards the end of the year. These bonuses can absolutely help cover the cost of Christmas spending…

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As our lives become more and more integrated with technology, it is important to protect yourself and your family from online criminals.  It’s no secret that as technology becomes more prominent and sophisticated, so do the techniques used by criminals. According to Emsisoft*, US ransomware attacks cost an estimated $915 million in 2020 and the Harris…

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The Social Security Administration has announced a cost-of-living adjustment (COLA) to American’s who are currently receiving social security benefits. Roughly 70 million Americans who are receiving social security benefits, including: retirees, those with disabilities, and others will receive the cost-of-living adjustment. On average over the past 12 years, the increase has been around 1.4%. This…

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I am writing this email proactively, as I always like to stay ahead of my clients’ concerns.  And, after 20 years I have developed a decent “gut feel” when a little guidance may be welcomed.  As we look back at September and head into the final quarter of the year we have started to see…

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Throughout this entire year, we’ve been hearing mumblings about Biden administration future tax changes and what they may look like. Finally, we’ve gotten some specific changes detailed from Congress and we want to share some of their proposals with you. Top corporate tax rate to go up to 26% on income above $5 million. Trump…

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This year, some of the most frequent conversations we’re having revolve around upcoming tax changes. In 2018, then President Trump lowered tax rates across the board. Ever since, we’ve known that it’s likely tax rates will never be lower than they are right now. Now, under the current administration, tax rates are being heavily discussed…

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