Thought Leadership By Our Team

We cant believe the winter holidays are right around the corner. Please find our highly anticipated Holiday Gift List for 2023. We believe we have something for everyone.

Given the rising cost of a college education, many grandparents and family members are looking to help contribute to education expenses for their grandchildren and relatives. While it is possible to pay tuition to universities directly and be exempt from gift taxes, this exemption only applies to tuition payments, and non-tuition expenses can comprise up to 50% of total expenses for college students.

On October 4, 2023, Governor Maura Healey signed H.4104, “An Act to Improve the Commonwealth’s Competitiveness, Affordability, and Equity”, which consolidates the separately passed House and Senate tax bills. This significant tax relief package impacts the estate tax, clarifies the new “Millionaires tax,” and reduces the short-term capital gains rate.

The third quarter saw equities go from modestly positive in July (S&P 500 rose 3.2%), to slightly negative in August (S&P 500 fell -1.6%), to unfavorably negative in September (S&P 500 fell -4.8%). Sentiment turned wary after a strong double-digit gain in the S&P 500.

If you find yourself with a bit of extra time on your hands in the upcoming months, you may want to use this time to check in with your family’s finances.

In general, markets continued to gain strength in the second quarter after the first quarter bounce back. We finished the first half the year in a much better state than most had anticipated. Leading the quarterly index performance once again, was the S&P 500 Index.

Do these relaxing summer days have you contemplating early retirement before age 65? The Pandemic and Working from Home (WFH) has more people contemplating retiring early. By planning and being realistic, you can move toward an early retirement with a greater level of confidence.

This gorgeous weather has us thinking about summer plans and what we will be reading. Each year, we take great pleasure in curating our Sandy Cove Reading List, gathering suggestions for our clients, friends, and family.

Markets bounced back into positive territory in the first quarter of 2023 after posting difficult double-digit declines in 2022.

Tis the season with approaching proms and graduations as important milestones in young people’s lives and a wonderful cause for celebration.

The death of a parent can be one of life’s most difficult experiences, at any age. During what may be an emotionally overwhelming time, there are often time-sensitive and practical matters to attend to.

The tax season is officially here and it is time to get yourself ready. Everyone’s tax situation is different, but here is a listing of common tax forms and records you should have prior to filing your tax return.

One of the more difficult things in life is when you have to acknowledge that your relationship with your parents takes a twist and you become the caregiver.

This is a good month to take stock of relationships that are important to you. Investing in friends and hobbies is an important part of life planning.

The year 2022 never had a chance of success as witnessed by the first week of trading that saw record new highs in early January erased within days, followed by a correction (-10%) and a bear market (-20%) in equities in a short period of time.