Our December Connects webcast covered the forces driving recent market optimism, year-end planning strategies and our outlook for 2023.
In our final webcast of the year, Managing Director of Investment Strategy Kevin Grogan shared his perspective on the recent market optimism. He attributed the change to markets becoming more hopeful that the Federal Reserve will be able to bring inflation under control without causing a recession. He also answered clients’ most pressing questions about investing, including the differences between mutual funds and exchange-traded funds (ETFs) and an explainer on why diversification is still a winning strategy.
On the planning side, Chief Planning Officer Jeffrey Levine gave a rundown of his year-end checklist as we look toward tax season. Some notable to-dos include reviewing Roth conversions, tax-loss harvesting opportunities and estimated tax payments and withholdings. He also fielded questions from clients about tapping into home equity, the impact of midterm elections on financial plans and the upsides and downsides of annuities.
President Wendy Hartman ended with a positive note for 2023. She reminded clients that we strive to bring clarity and education for any event – be it a personal development or pending legislation – that may change their financial plan. And Kevin reminded clients that whether a recession happens or not in the year ahead, it’s important to keep in mind that the markets have already priced in this risk. Find out more on what he expects for the bond market next year in his year-in-review video.
Beacon Hill Private Wealth is an independent, fee-only, fiduciary investment advisor providing evidence-based wealth planning solutions that simplify our clients' financial lives. Founder Tom Geoghegan, CFP®, CIMA®, CPWA®, RMA® is also a member of the National Association of Personal Financial Advisors (NAPFA).
Recorded December 15th, 2022.
This material and any opinions contained are derived from sources believed to be reliable, but its accuracy and the opinions based thereon are not guaranteed. The content of this publication is for general information only and is not intended to serve as specific financial, accounting or tax advice. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Please consult legal or tax professionals for specific information regarding your individual situation.
By clicking on any of the links above, you acknowledge that they are solely for your convenience, and do not necessarily imply any affiliations, sponsorships, endorsements or representations whatsoever by us regarding third-party Web sites. We are not responsible for the content, availability or privacy policies of these sites, and shall not be responsible or liable for any information, opinions, advice, products or services available on or through them.
Past performance is no guarantee of future results. There is no guarantee investment strategies will be successful. Investing involves risks including possible loss of principal. Investors should talk to their financial advisor prior to making any investment decision. There is always the risk that an investor may lose money. A long-term investment approach cannot guarantee a profit.