News and Commentary

The One Big Beautiful Bill Act both preserves existing tax benefits and introduces provisions that may encourage you to rethink the timing and method of your gifts.

Federal Government Has Shutdown – Here’s What It Means for You At 12:01 a.m. on October 1, 2025, the federal government officially shut down many of its operations – marking the 15th shutdown since 1980. Why it happened: Congress didn’t pass any of the 12 funding (appropriations) bills needed to keep federal agencies running. A short-term fix – known as a continuing resolution – failed to gain enough bipartisan support, leading to the lapse in funding. What’s affected: - Many federal workers are furloughed or working without pay. - Social Security, Medicare, and mail delivery continue. - Some federal services – including tax processing, small business loans, and inspections – could experience slowdowns or pauses. - Air travel and national park operations may also be impacted. Economic outlook: While brief shutdowns typically have limited market impact, prolonged ones can slow GDP growth and increase uncertainty. (The 2018-19 shutdown, for example, cost the U.S. economy about $11 billion.) What this means for investors and households: Moments like this highlight why financial preparedness matters – having a sound plan helps protect against uncertainty, regardless of what’s happening in Washington. #FinancialPlanning #Economy #GovernmentShutdown #WealthManagement #FinancialAdvisor #RetirementPlanning

By making tax-smart decisions about what you invest in and where you hold it, you can keep more of your money working for you. Here’s how to build a tax-smart portfolio.