Federal tax reform has escalated the cost of living in New Jersey, New York, Connecticut, and Illinois, among other states and we get asked by our clients every day about ways to reduce their tax burden. As businesses continue to weigh their options, lower taxes and other corporate incentives are driving more businesses to increasingly consider relocating their operations to Florida.
In an exciting fireside chat event, the Withum Wealth Management team partnered with Liz Ann Sonders, Senior VP and Chief Investment Strategist at Charles Schwab, and Sarah Personette, VP of Twitter Global Client Solutions, to discuss the latest trends in Economics, Technology and Social Media.
Can you smell that? No - it’s not the smell of seeing the grass again after a long stretch of snow here in New England – It’s the smell of change.
Last week, a devastating winter storm almost brought the Texas power grid to a complete stop. The system collapsed from a surge in energy demand coupled with frozen utility plants during brutal winter storms.
Tom Brady won his seventh Super Bowl ring this past Sunday, so it is impossible for anyone to still argue that he is NOT the Greatest of All Time. Full Disclosure – I am a Boston sports fan, but I was also rooting for TB12 to solidify his greatness with a win. Boo! Hiss! We get it, you can stop reading if you want. This isn’t going to be ALL about Tom Brady, but about sharing a handful of interesting facts about the big game.
Since writing my article last week, GameStop has been at the center of today’s 24/7 media frenzy and not just financial news outlets.
For as long as memory serves, it seems Wall Street bankers had the upper hand. High frequency traders front running the average investor, activist taking seats on boards to revamp struggling companies, short sellers suppressing stock prices for profit. This week Main Street pushed back, with real money and real consequences. Melvin Capital, a hedge fund run by celebrated stock picker Gabe Plotkin, needed to be bailed out after one of its short trades, GameStop took on catastrophic losses, courtesy of an army of retail investors that drove the price up over 2000% so far this month.
This week’s Withum Wealth Minute aims to provide travel tips in the current pandemic-ridden world.
Each new year, I reflect on the year that just ended by replaying it month by month. March 2020 was a wild, shocking month for everyone.