April is the Cruelest Month. Or is it?

Snow-Capped Continental Divide Looms over Main St. Frisco. Shared from Town of Frisco’s Facebook Page

April is the cruelest month, according to T.S. Eliot. But not if you live in the high country and like shoveling snow — or filing your taxes.  Fifty inches of April snow saved us from a repeat of last year’s extraordinary early fire season. But nothing can spare us from the need to learn about the recent changes in the tax code. In this issue, I highlight the provisions of ATRA and outline a few planning ideas for both lower and higher bracket taxpayers.

In addition, there’s a commentary on the recent PBS Frontline show about the state of retirement readiness and the role of the popular 401(k) plan.

Also included are both a summary and more detailed review of the first quarter’s continued strong market performance.

Wishing you all a pleasant spring,

Steven R. Smith

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A Commentary on the PBS Show The Retirement Gamble

PBS recently aired a Frontline show entitled The Retirement Gamble, profiling the 401(k) industry. If you missed it, it can be viewed here. Polemic in tone, the show is highly critical of the country’s evolution from defined benefit pension plans … Read more…

How Do You Spell Relief? ATRA! (American Taxpayer Relief Act)

Congratulations, the 2012 tax season is behind us. Time to start planning for 2013. The dramatic New Year’s Eve peek over – and retreat from – the fiscal cliff did not solve all of the country’s budgetary problems. But it … Read more…

1st Quarter 2013 Market Review

Following up on my 1st Quarter Client Note, I am providing a more robust and detailed review of the world capital market performance, graciously provided by our friends at Dimensional Fund Advisors. Attached is their Quarterly Market Review. The report includes: a … Read more…

1st Quarter Client Note

Reflecting relief from the New Year’s Eve (at least temporary) avoidance of the “fiscal cliff,” equity markets continued their strong recovery from the financial crisis of 2008. Economic activity in the US also continued to pick up, albeit at a … Read more…