Financial planning tips and resources to help you reach your financial goals.
Inflation and Interest Rates Reach New Records
Aoifinn Devitt | Chief Investment Officer Chris Kamykowski CFA®, CFP® | Head of Investment Strategy & Research The second quarter was dominated by the Fed finally moving to interest rate “lift-off” and beyond, growing inflation fears and a lackluster market...
One of the Largest Spending Bills Ever is Enacted as IRS Issues Second Round of Stimulus Payments
By Brighton Samet, Moneta Tax Planning Consultant The IRS and the Treasury Department began issuing a second round of Economic Impact Payments, often referred to as stimulus payments. The direct deposit payments may take several days to post to individual accounts....
How will the 2020 Election Results Affect Tax Policy and the Economy?
The Democratic Party took control of Congress and the White House for the first time in a decade as Electoral College votes were officially counted while two runoff elections for Georgia’s Senate seats were also completed. The Electoral College confirmed Joe Biden as...
Tax Planning: What to Expect with a CARES Act RMD in 2020
By Brighton Samet, Moneta Tax Planning Consultant Under guidance from the Internal Revenue Service (IRS), anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts had the opportunity to roll those funds back into a...
Where Does This GameStop Story Go Next?
Last week we saw small investors flex their collective muscle, starting 2021 with its own set of unprecedented story lines. Last week’s moves in a select set of heavily shorted stocks caused a stir on Wall Street, got the attention of the Securities and Exchange...
First and Second Draw PPP Loans Reopen for Small Businesses with 20+ Employees
COVID-19 created unique challenges and hardships for small businesses. To help keep these businesses solvent while mitigating layoffs of employees, the government created a federal relief program under the CARES Act – the Paycheck Protection Program (PPP) – which...
Tax Season: Safe Document Destruction
Tax season is a great time of year to clean out your filing cabinet; you are sorting through files, digging up paperwork, and deciding what to save and what to toss. Here are some items to consider for disposal: Bank and Brokerage Statements (because 10 years of...
What the Biden Administration’s First Tax Relief Legislation May Mean to You
As Americans have continued to get through the pandemic, the American Rescue Plan Act of 2021 brings a third round of economic stimulus checks along with $1.9 trillion in COVID relief to the economy. Checks are expected to start coming within days of Biden signing the...
Tax Day for individuals pushed back to May 17
Individual taxpayers now have until May 17, 2021 to file their 2020 federal income tax returns and make payments without penalties and interest, regardless of the amount owed. The Treasury Department and Internal Revenue Service (IRS) announced the official deadline...
Moneta wins five Top Workplaces Awards and is honored among nation’s Best Places to Work for Financial Advisors
As Moneta’s national footprint grows, so do the awards. After seven straight years of being recognized as a Top Workplace in St. Louis, Moneta was named among the “Top Workplaces USA” award winners for 2021. Moneta also won a 2021 Top Workplaces Industry Award for...