Breakwater Financial is a fee-only financial planning firm and Registered Investment Advisor. We are proud to be held to the fiduciary standard when advising our clients. We feel strongly that financial planning should be accessible to everyone, this is why we offer financial advice on an hourly, fixed fee or full-service basis. At Breakwater Financial, we believe that financial planning has the power to change lives.
As of today, the US stock markets have dipped into what is defined as a bear market. A bear market simply means that the market is down 20% or more from its highest point. It is important to remember that the term bear market tells us nothing about where we are going, it only tells us where we are right now. In other words, it is not a predictor of what may or may not happen next. Consider that in late 2018 the markets dipped quickly and were just shy of being labeled a bear...
As the market digests the quickly developing information related to the coronavirus disease, we will likely continue to see volatility in the stock and bond markets. The markets are doing exactly what they should be doing which is calculating the *possible* economic impact of the disease. While the markets are busy doing their job, it's time for us to do ours.
My job as your advisor is to make sure that your portfolio's risk level matches your risk tolerance....
First the good news: thanks to recent tax law changes, you probably won't owe any federal estate taxes. However, it is possible that you will still owe state estate taxes. And if you're a resident of Massachusetts, then your chances are even greater.
Due to the Tax Cut and Jobs Act (TCJA) passed in 2017, you're far less likely to owe federal estate taxes than under prior tax laws. The current federal exemption amount (for 2020) is $11.58 million...
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Email: info@breakwaterfinancial.com
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