2024 Winners and Losers
When the S&P 500 increases 25% in a calendar year, as it did in 2024, it can be easy to write the year off as a win. Digging into the details, however, can give investors a better sense of the overall health of the economy and trends to watch in 2025. With that in mind, […]
Trump 2.0 and your money
As the second Trump administration prepares to take office, we’re getting a better sense of the policy and tone we could see coming out of Washington over the next four years. For all the details we don’t know, the so-called “red wave” of the 2024 election means there’s some reasonable assumptions we can make about […]
You inherited money—now what?
Inheriting a significant amount of money is rarely a bad thing. But it does come with a unique set of challenges that aren’t always apparent. If you don’t have experience with large sums of money, you may not know what questions to ask or the pitfalls to avoid. This guide can help you cover your […]
December 2024 Market Update
The transition to a new administration is underway with announcements of cabinet position nominees. The pro-business lean of the incoming government is not a surprise, and the emphasis is likely to be on deregulation and tax cuts. Several of the provisions of the Tax Cuts and Jobs Act of 2017 were set to expire in […]
Medicare, explained
What is Medicare? Medicare is federally funded health insurance for people older than 65, though younger people may qualify if they have a disability or certain specific diagnoses. To qualify, you must be a U.S. citizen or a legal resident who’s lived in the country for the five years prior to your application. There are […]
Annual Financial Checklist
At Quorum Private Wealth, we want to ensure your financial plan evolves with you. Use this checklist once a year to help evaluate how your life, priorities, and finances may have shifted. We can use your answers as a jumping off point in our next meeting. BIG PICTURE QUESTIONS Have you experienced any major life […]
Health insurance when you retire early
When we talk to clients considering early retirement, the first question they ask is almost always: Can I afford to do this and what does it look like? The second question tends to be: What will I do for health insurance? For better or worse, health insurance in America tends to go hand-in-hand with employment—at […]
Mega backdoor Roths, explained
For those with excess discretionary income and a flexible workplace retirement plan, there may be a way to nearly triple 401(k) contributions and enjoy the future tax savings of a Roth account. It’s called a mega backdoor Roth, and not everyone qualifies—which is why this type of contribution isn’t discussed as frequently as other savings […]
How contingent fee attorneys can lower their taxes
Contingent fee attorneys fight hard for their clients, who are often victims of horrible accidents or other tragedies. But when it comes to paying taxes on those contingent fees, however, these attorneys become victims…of the progressive tax system. The contingent fee tax dilemma To recap: The percent tax you pay on earnings increases along with […]
November 2024 Market Update
An election season with several twists and turns came to a not-unexpected end with the reelection of President Donald Trump. The received wisdom is that the financial markets hate uncertainty, and we certainly saw some evidence of that in the rally that followed the decisive election results. How will a new White House regime impact […]