WESCAP’s Q3 2021 Quarterly Commentary: Increasing Concerns of a Delayed Economic and Profits Recovery
Portfolio results for the third quarter of 2021 reflected increasing concerns of a delayed economic and profits recovery due to the Delta variant of the coronavirus, supply constraints, higher inflation, and U.S. government policy uncertainty.
(more…)Read MoreGet Ready for Tax Changes – They’re Coming Soon!
Congress is working on various tax proposals that could be voted on soon. The following discusses some of the proposed tax law changes. However, we do expect additional changes to occur as the proposals move through Congress. Therefore, we recommend not undertaking now any irreversible actions (e.g., sales, gifts) that you would not be doing absent these new tax proposals. By November we hope to have more clarity on these topics and some tax strategy actions could be warranted before year-end.
(more…)Read MoreWESCAP Helps Family, Friends and New Investors
WESCAP prides ourselves on being a family-orientated wealth management firm. We believe it is important to help our clients’ families in various ways. Here are a few of the ways we can help:
(more…)Read MoreWESCAP Group’s Q2 2021 Quarterly Commentary
Portfolio results for the second quarter of 2021 benefited from continued strong gains from global stock markets, many bond markets and commodities. COVID 19 is in rapid retreat in areas with high vaccination rates, including most of the U.S. Vaccines are also relatively effective against all of the new coronavirus variants, so more countries are expected to lift various pandemic-related restrictions, which will bolster global employment, trade and consumer spending. Some labor shortages and production bottlenecks have caused an increase in U.S. inflation. However, the recent decline in the 10-year Treasury note yield suggests minimal longer-term inflation concerns from the bond market, which suggests that the inflation surge will dissipate over the coming 6 months as worker and supply bottlenecks are expected to wane.
(more…)Read MoreAvoid Probate and Misdirection of Estate Assets via Beneficiary Planning
Assigning and reviewing beneficiary designations on your investment accounts is a critical part of your overall financial plan. Neglecting beneficiary designations on your accounts could result in assets entering your estate and becoming subject to the time and costs that accompany probate. Major life events such as the death of a loved one, marriage, divorce, or a change in your financial status could alter your current estate plan and warrant a review of your beneficiaries. Left unchecked, your assets could pass to previously designated beneficiaries that should no longer be a part of your current estate plan or even potentially enter probate in the case of a predeceased beneficiary.
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